Lower Your 2014 Toyota Prius v Car Insurance Cost

Trying to find the cheapest auto insurance rates for your Toyota Prius v? Price shopping your auto insurance can seem to be challenging for people who are new to comparing rates online. You have so many companies to choose from that it can easily become a challenge to find the best price.

These factors can influence Toyota Prius v insurance rates

It’s important that you understand the different types of things that help determine your car insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that could result in big savings.

The following are some of the items companies use to determine premiums.

  • Rural vs Urban Areas – Choosing to live in a rural area can be a good thing when insuring your vehicles. Lower population means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas regularly have much more traffic to deal with and a longer drive to work. Higher commute times translates into higher accident risk.
  • The more you drive the more you pay – The higher the mileage driven every year the more you’ll pay to insure your vehicle. The majority of insurers apply a rate based upon how you use the vehicle. Vehicles left parked in the garage get more affordable rates compared to those used for work or business. Make sure your car insurance declarations sheet properly reflects the correct usage for each vehicle. Incorrect usage on your Prius v can result in significantly higher rates.
  • Theft deterrents lower rates – Owning a car with a theft deterrent system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
  • Do you have enough liability coverage? – Liability coverage is the coverage that protects you in the event that you are found liable for damages caused by your negligence. It provides you with a defense in court starting from day one. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.

Best discounts on 2014 Toyota Prius v coverage

Insurance can cost an arm and a leg, but you can get discounts that many people don’t even know exist. Most are applied at the time of purchase, but some must be asked about before you will receive the discount.

  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Low Mileage Discounts – Fewer annual miles on your Toyota can earn lower rates on the low mileage vehicles.
  • Own a Home – Being a homeowner can save you money because maintaining a house requires personal responsibility.
  • Student in College – Youth drivers who are attending college and don’t have a car may be able to be covered for less.
  • Clubs and Organizations – Participating in a civic or occupational organization could trigger savings when buying car insurance for Prius v insurance.
  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more off the personal injury premium cost.

It’s important to understand that most discounts do not apply to your bottom line cost. Most only cut individual premiums such as liability and collision coverage. So when the math indicates you could get a free car insurance policy, it just doesn’t work that way. But all discounts will cut the amount you have to pay.

To see a list of companies offering car insurance discounts, click this link.

Tailor your coverage to you

When buying coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is unique.

These are some specific questions might help in determining if your situation might need professional guidance.

  • Should I rate my 2014 Toyota Prius v as pleasure use or commute?
  • What is UM/UIM insurance?
  • Is my dog or cat covered if injured in an accident?
  • Why does it cost so much to insure a teen driver?
  • Do I need replacement cost coverage on my 2014 Toyota Prius v?
  • At what point should I drop full coverage?
  • Am I missing any policy discounts?
  • Should I have a commercial auto policy?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Car insurance coverages for a Toyota Prius v

Learning about specific coverages of your policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive insurance

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as vandalism, a tree branch falling on your vehicle, hitting a bird, damage from getting keyed and rock chips in glass. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability coverages

This coverage can cover damages or injuries you inflict on other people or property by causing an accident. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as funeral expenses, repair bills for other people’s vehicles, repair costs for stationary objects and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Toyota Prius v.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Most of the time these coverages do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like ambulance fees, surgery, pain medications and dental work. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision insurance

This will pay to fix damage to your Prius v from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sustaining damage from a pot hole, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Make a quick buck

We covered many ways to shop for 2014 Toyota Prius v insurance online. The key thing to remember is the more providers you compare, the better your chances of lowering your rates. Consumers could even find that the best price on insurance coverage is with some of the smallest insurance companies.

People switch companies for a number of reasons such as policy cancellation, questionable increases in premium, policy non-renewal or even lack of trust in their agent. It doesn’t matter what your reason, finding a new company is pretty easy and you might even save some money in the process.

Lower-priced insurance can be bought on the web as well as from independent agents, and you should be comparing both so you have a total pricing picture. A few companies don’t offer you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

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