How Much Does 2014 Toyota Prius Car Insurance Cost?

Looking for better car insurance rates for your Toyota Prius? Finding better insurance prices for a Toyota Prius can be an all-consuming task, but you can learn our car insurance buying tips to make it easier. There are more efficient ways to compare car insurance rates and we’ll show you the proper way to get price quotes for your Toyota and get the cheapest rates from both online companies and local agents.

It is always a good idea to take a look at other company’s rates on a regular basis since insurance rates fluctuate regularly. If you had the lowest rates on Prius coverage a few years ago you can probably find a better price now. Starting now, forget all the misinformation about car insurance because I’m going to teach you one of the best ways to save money, get proper coverage and the best rates.

Companies offer discounts so take them!

Companies offering auto insurance don’t always advertise all their discounts in a way that’s easy to find, so here is a list some of the more common and the harder-to-find savings tricks you should be using. If you aren’t receiving every discount available, you’re just leaving money on the table.

  • Organization Discounts – Being a member of a professional or civic organization is a good way to get lower rates when shopping for insurance coverage on Prius coverage.
  • Passive Restraints – Vehicles with factory air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Multiple Cars – Insuring all your vehicles with the same company could earn a price break for each car.
  • Defensive Driver – Taking a defensive driving course can save you 5% or more if you qualify.

As a disclaimer on discounts, most discounts do not apply the the whole policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, you’re out of luck.

A partial list of companies that possibly offer these money-saving discounts include:

It’s a good idea to ask each insurance company what discounts are available to you. Some discounts may not be available in your state.

Do I just need basic coverages?

When it comes to choosing coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique.

For instance, these questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I covered if I hit a deer?
  • Will filing a claim cost me more?
  • Which is better, split liability limits or combined limits?
  • Do I need higher collision deductibles?
  • How high should my medical payments coverage be?
  • What is the difference between comprehensive and collision coverage?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and may give you better protection.

Don’t listen to company ads

Consumers get pounded daily by advertisements for car insurance savings from companies such as State Farm, Geico and Progressive. All the ads make an identical promise that you’ll save big if you move your policy.

How can each company claim to save you money? It’s all in the numbers.

Different companies have a preferred profile for the type of customer that makes them money. A good example of a preferred risk could be between the ages of 40 and 55, insures multiple vehicles, and has a short commute. A driver who meets those qualifications gets the lowest rates and most likely will pay quite a bit less when switching companies.

Potential insureds who don’t measure up to the requirements must pay higher premiums which leads to the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “people who quote” save money. That’s why insurance companies can advertise the way they do. This illustrates why you should quote coverage with many companies. It is impossible to predict which company will have the lowest Toyota Prius insurance rates.

Coverages available on your insurance policy

Having a good grasp of insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability – This coverage protects you from damage or injury you incur to people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like emergency aid, funeral expenses, loss of income, attorney fees and bail bonds. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Comprehensive insurance – This pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, vandalism and hitting a deer. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical expenses – Med pay and PIP coverage provide coverage for short-term medical expenses for X-ray expenses, EMT expenses, funeral costs, pain medications and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Coverage for uninsured or underinsured drivers – This provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Toyota Prius.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Collision coverages – Collision coverage pays for damage to your Prius from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with a tree, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Spend less. Save more.

As you go through the steps to switch your coverage, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where someone sacrificed liability limits or collision coverage only to discover later that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage for the lowest price.

We just covered many ideas to lower your 2014 Toyota Prius insurance rates. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest premiums are with the smaller companies.

Lower-priced insurance can be found on the web and also from your neighborhood agents, and you need to price shop both to have the best rate selection. There are still a few companies who may not provide online quoting and most of the time these small, regional companies sell through independent agents.

Additional detailed information is available in the articles below: