Lower Your 2008 Scion xD Car Insurance Cost

Price shopping your car insurance is always nearly impossible for consumers new to comparing rates online. You have so many options available that it can be a real hassle to find the best price.

Smart consumers take time to check car insurance prices occasionally since insurance rates trend upward over time. If you had the best deal on xD insurance a couple years back you may be paying too much now. Starting right now, ignore everything you know about car insurance because you’re going to get a crash course in the best way to find lower rates on car insurance.

Scion xD premiums are determined by many factors

An important part of buying insurance is that you know the rating factors that play a part in calculating auto insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that may reward you with lower auto insurance prices.

Shown below are a few of the “ingredients” companies use to determine rates.

  • Are you male or female? – Statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes have accidents at a similar rate, but the male of the species cause more damage. Men also tend to get more serious tickets like DUI and reckless driving. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
  • Safer cars cost less to insure – Vehicles with high crash test scores tend to have better insurance rates. Safer cars have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims and lower rates for you. If your Scion earned at least four stars on Safercar.gov it is probably cheaper to insure.
  • More people means more accidents – Living in small towns and rural areas can save you money when it comes to auto insurance. City drivers have traffic congestion and much longer commute distances. Less people living in that area means fewer accidents and a lower car theft rate.
  • Lower rates come with age – More mature drivers are more cautious drivers, tend to cause fewer accidents and are safer drivers. Teenage drivers are known to get distracted easily when driving therefore auto insurance rates are much higher.

Don’t miss out on these money-saving discounts

Insurance can cost an arm and a leg, but you may find discounts that many people don’t even know exist. A few discounts will automatically apply at the time you complete a quote, but lesser-known reductions have to be manually applied before they will apply.

  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Sign Online – Certain companies may give you up to $50 for buying your policy online.
  • Own a Home – Being a homeowner may trigger a auto insurance policy discount because owning a home demonstrates responsibility.
  • Early Signing – Select companies give a discount for switching policies prior to your current policy expiration. This can save 10% or more.
  • Distant Student – Any of your kids living away from home attending college and do not have access to a covered vehicle may qualify for this discount.

Consumers should know that some credits don’t apply to your bottom line cost. Most cut individual premiums such as physical damage coverage or medical payments. So even though they make it sound like adding up those discounts means a free policy, auto insurance companies aren’t that generous. But all discounts will help reduce the amount you have to pay.

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

It’s a good idea to ask each insurance company which discounts they offer. All car insurance discounts may not apply everywhere.

Do I need special coverages?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Each situation is unique.

For example, these questions may help highlight whether you will benefit from professional help.

  • Why am I required to buy liability insurance?
  • What are the best liability limits?
  • Am I covered if I crash into my own garage door?
  • Am I covered when delivering products for my home-based business?
  • Is my teen driver covered when they drive my company car?
  • Why do I need rental car insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does coverage extend to Mexico or Canada?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form.

Car insurance policy coverages for a Scion xD

Knowing the specifics of a car insurance policy aids in choosing which coverages you need for your vehicles. Car insurance terms can be confusing and nobody wants to actually read their policy.

Collision insurance

Collision insurance will pay to fix damage to your xD caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a parking meter, driving through your garage door, backing into a parked car, rolling your car and crashing into a building. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Scion xD.

Since 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 important protection for you and your family. Usually these limits are similar to your liability insurance amounts.

Liability coverages

Liability insurance provides protection from damage or injury you incur to other’s property or people that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like structural damage, loss of income, medical expenses and medical services. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, damage from getting keyed, falling objects and theft. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for bills such as nursing services, X-ray expenses and chiropractic care. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

At the end of the day…

Insureds who switch companies do it for a variety of reasons including delays in paying claims, not issuing a premium refund, unfair underwriting practices or questionable increases in premium. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

In this article, we presented many ways to save on 2008 Scion xD insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the lowest priced insurance coverage comes from the smaller companies.

Low-cost insurance can be purchased both online as well as from independent agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers don’t offer online quoting and many times these small insurance companies only sell through independent insurance agents.

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