2014 Scion iQ Car Insurance Cost

Looking for lower insurance coverage rates for your Scion iQ? Did you fall for a flashy sales pitch and buy overpriced insurance coverage? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.

Many car insurance companies compete for your business, so it can be very hard to choose a company to discover the definitive best rate

If you currently have car insurance, you stand a good chance to be able to save some money using these techniques. Finding the best rates is not rocket science. But consumers can benefit by having an understanding of the way insurance companies market on the web and apply this information to your search.

How to Get Insurance Coverage Comparison Quotes

All major insurance coverage companies such as Allstate and Progressive give coverage prices on their websites. Getting quotes is quite simple as you just type in your required coverages into the quote form. Behind the scenes, the system orders your driving and credit reports and generates pricing information. Being able to quote online makes it a lot easier to compare rates but having to visit multiple sites and complete many quote forms can get tiresome after awhile. But it’s very important to get many rate quotes if you are searching for the lowest insurance coverage rates.

The quickest way to compare rates makes use of a single form to return rates from several companies at one time. This type of form saves time, helps eliminate reptitive entry, and makes rate comparisons much more enjoyable. After sending the form, it gets priced and you can select any of the quotes returned. If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. The whole process takes just a few minutes to complete and you’ll know if lower rates are available.

If you want to find out what other companies charge, click here to open in new window and begin entering your coverage information. If you currently have coverage, we recommend you type in deductibles and limits exactly as shown on your declarations page. This ensures you will receive a rate comparison for the exact same coverage.

Are you falling for claims of savings?

Companies like Allstate and Progressive consistently run ads on TV and radio. All the ads make an identical promise of big savings if you change to them. How do they all make almost identical claims?

Insurance companies are able to cherry pick for the right customer that is profitable for them. An example of a profitable customer might be profiled as over the age of 40, owns a home, and drives newer vehicles. A propective insured who matches those parameters receives the best rates and is almost guaranteed to cut their rates substantially.

Potential customers who don’t meet the “perfect” profile will be charged a more expensive rate which leads to business not being written. The ads say “drivers who switch” not “everyone that quotes” save money. This is how companies can make the claims of big savings. That is why drivers must compare many company’s rates. It’s just too difficult to predict which company will provide you with the cheapest Scion iQ insurance rates.

Discounts are available to cut your rates

Companies offering auto insurance don’t list every available discount very well, so we took the time to find both the well known and the more hidden insurance coverage savings.

  • Early Signing – Some companies give discounts for buying a policy before your current expiration date. This can save 10% or more.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
  • One Accident Forgiven – Certain companies will allow you to have one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Military Rewards – Being deployed with a military unit may qualify for rate reductions.
  • Distant Student – Any of your kids living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Low Mileage Discounts – Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • Anti-theft System – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company can get a discount on all vehicles.
  • New Car Discount – Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Paperless Signup – Some insurance companies may give you up to $50 simply for signing over the internet.

Keep in mind that some of the credits will not apply the the whole policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like you can get free auto insurance, you’re out of luck.

A partial list of companies that may have some of the above discounts are:

It’s a good idea to ask every prospective company what discounts are available to you. Some discounts might not apply everywhere.

Everyone needs different coverages

When buying the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions could help you determine whether you might need an agent’s assistance.

  • When do I need to add a new car to my policy?
  • How high should my medical payments coverage be?
  • When can I cancel my policy?
  • How can I get high-risk coverage after a DUI?
  • If my 2014 Scion iQ is totaled, can I afford another vehicle?
  • Am I insured when driving a different vehicle?
  • Am I covered if hit by an uninsured driver?
  • When should I drop full coverage on my 2014 Scion iQ?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Car insurance 101

Learning about specific coverages of your insurance policy can help you determine the right coverages for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the usual coverages found on the average insurance policy.

Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for bills for things like chiropractic care, surgery, pain medications and doctor visits. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Scion iQ.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.

Collision – This covers damage to your iQ resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like scraping a guard rail, driving through your garage door, damaging your car on a curb, sustaining damage from a pot hole and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Comprehensive protection – This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, fire damage, damage from flooding and hitting a bird. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage – Liability coverage protects you from damages or injuries you inflict on other people or property. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as emergency aid, medical services and bail bonds. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

A tidy conclusion

Budget-conscious 2014 Scion iQ insurance can be found on the web in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

In this article, we covered some good ideas how you can shop for insurance online. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. You may even discover the biggest savings come from the least-expected company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as Geico and State Farm.

To read more, take a look at the articles below: