2014 Toyota Prius Plug-in Insurance Rates

Searching for lower insurance rates for your Toyota Prius Plug-in? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me, there are lots of people in the same boat. With consumers having so many choices, it can be impossible to choose the lowest price insurance company.

You should take the time to take a look at other company’s rates quite often because prices change frequently. Just because you found the best rates on Prius Plug-in insurance two years ago other companies may now be cheaper. Starting right now, block out anything you think you know about insurance because we’re going to show you the easiest way to lower your annual insurance bill.

The purpose of this post is to teach you how car insurance quotes work. If you currently have car insurance, you will be able to cut costs considerably using these techniques. Vehicle owners just need to know the proper methods to compare rates online.

Insurance Comparisons

There are a variety of methods you can shop for 2014 Toyota Prius Plug-in insurance but some are easier and takes less work. You can waste a few hours (or days) discussing policy coverages with insurance companies in your area, or you could save time and use the internet to maximize your effort.

Most of the best insurance companies enroll in a system that enables customers to only type in their quote data once, and each participating company returns a rated price based on that data. This prevents consumers from doing quote forms to every company.

To compare 2014 Toyota Prius Plug-in rates using this form now click here to open in new window.

The single downside to doing it this way is you don’t know exactly the insurers you want pricing from. So if you prefer to pick individual companies to compare prices, we have assembled a list of insurance companies in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but be sure to compare exactly the same quote information on every quote. If you compare different liability limits it’s not possible to make a fair comparison for your Toyota Prius Plug-in.

Do drivers who switch really save $428 a year?

Consumers constantly see and hear ads for car insurance savings from the likes of Progressive, Allstate and Geico. They all seem to say the same thing that you’ll save big after switching your coverage to them.

How do they all make the same claim?

All companies have a preferred profile for the right customer they prefer to insure. A good example of a desirable insured might be between the ages of 40 and 55, has no tickets, and chooses high deductibles. A propective insured that hits that “sweet spot” gets the lowest rates and most likely will save when switching.

Consumers who fall outside the “perfect” profile will have to pay higher rates and ends up with the customer not buying. The ad wording is “people who switch” not “everyone that quotes” save money. That is how companies can advertise the savings.

Because of the profiling, drivers must get as many quotes as possible. It’s just too difficult to predict which company will fit your personal profile best.

Factors determining your Toyota Prius Plug-in insurance premium

Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for insurance coverage. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with big savings.

The list below includes some of the items companies use to determine rates.

  • Big city or small town – Choosing to live in a rural area has it’s advantages when insuring your vehicles. City drivers have congested traffic and longer commutes to work. Lower population means reduced accidents and a lower car theft rate.
  • One company can mean more discounts – Most insurance coverage companies give discounts to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even with this discount, you still need to comparison shop to ensure the best deal. You may still be able to find better rates by splitting coverages up.
  • Rates may be lower depending on your job – Did you know your insurance coverage rates can be affected by your occupation? Occupations such as real estate brokers, business owners and financial analysts have higher average rates because of high stress levels and lengthy work days. Conversely, occupations like farmers, engineers and homemakers get better rates on Prius Plug-in insurance.
  • Cautious drivers pay less – Only having one ticket can bump up the cost forty percent or more. Drivers who don’t get tickets receive lower rates than their less careful counterparts. Drivers with dangerous tickets such as DUI or reckless driving are required to file a SR-22 with their state DMV in order to prevent a license revocation.
  • More claims means more premium – If you file claims often, you can definitely plan on higher rates. Companies give discounts to policyholders who are claim-free. Insurance coverage is intended for major claims that would cause financial hardship.
  • Protect yourself with liability coverage – Your policy’s liability coverage will protect you if a court rules you are at fault for personal injury or accident damage. Liability insurance provides legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.

Get lower rates on 2014 Toyota Prius Plug-in insurance

Insuring your vehicles can cost a lot, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be applied at the time of quoting, but some must be specially asked for prior to receiving the credit. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Homeowners Savings – Being a homeowner can help you save on auto insurance because owning a home demonstrates responsibility.
  • One Accident Forgiven – A handful of insurance companies allow you one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Seat Belts Save more than Lives – Requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings of 20% or more.
  • E-sign – Certain companies may give you up to $50 simply for signing online.
  • Resident Student – Any of your kids who are attending college without a vehicle on campus can be insured at a reduced rate.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on Prius Plug-in insurance than drivers with accidents.
  • Multiple Policy Discount – When you have multiple policies with the same company you may save 10% to 20% off each policy.
  • Student Driver Training – Cut your cost by having your teen driver enroll in driver’s education in school.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.

Consumers should know that many deductions do not apply to the entire cost. Some only reduce individual premiums such as liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, companies don’t profit that way. Any amount of discount will cut your overall premium however.

For a list of providers offering auto insurance discounts, click here to view.

Tailor your coverage to you

When buying coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different so this has to be addressed. For example, these questions might point out if you might need professional guidance.

  • If my pet gets injured in an accident are they covered?
  • Is my babysitter covered when using my vehicle?
  • Will my insurance pay for OEM parts?
  • How do I buy GAP insurance?
  • Is business equipment covered while in my vehicle?
  • Can I rent a car in Mexico?
  • What is no-fault insurance?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

What car insurance coverages do you need?

Knowing the specifics of car insurance can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverages available from car insurance companies.

Comprehensive or Other Than Collision – This pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hail damage and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability car insurance – This coverage provides protection from damages or injuries you inflict on people or other property. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability can pay for things such as repair costs for stationary objects, pain and suffering, bail bonds, medical expenses and attorney fees. How much coverage you buy is up to you, but buy as large an amount as possible.

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

Collision coverage protects against claims such as rolling your car, colliding with another moving vehicle, colliding with a tree, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical costs insurance – Med pay and PIP coverage provide coverage for short-term medical expenses for prosthetic devices, EMT expenses and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance 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 but can be used in place of medical payments coverage

UM/UIM Coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Toyota Prius Plug-in.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Have the Midas touch

Low-cost 2014 Toyota Prius Plug-in insurance can be found both online as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don’t offer the ability to get a quote online and these small insurance companies work with independent agents.

In this article, we covered some good ideas how to lower your insurance rates. The most important thing to understand is the more times you quote, the better chance you’ll have of finding lower rates. Drivers may discover the lowest priced car insurance comes from some of the lesser-known companies. Smaller companies can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. There are too many instances where an insured cut liability limits or collision coverage and learned later that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

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