How Much Does 2012 Toyota Prius v Car Insurance Cost?

Are you a victim of an overpriced car insurance policy? Believe me, you’re not the only one. Since consumers have many choices, it can be hard to find the lowest cost insurer.

Which Auto Insurance is Cheapest?

There are several ways to shop for Toyota Prius v auto insurance, but there is one way that is easier and takes less work. You could spend your day talking about coverages with local insurance agents in your area, or you can utilize online quotes for quick rates.

The majority of car insurance companies belong to an insurance system where insurance shoppers submit one quote, and at least one company returns a competitive quote for coverage. This saves time by eliminating quote requests to each individual auto insurance company.

To compare 2012 Toyota Prius v rates using this form now click here to start a free quote.

The one disadvantage to doing it this way is you are unable to specify which insurance companies to get pricing from. So if you prefer to pick from a list of companies for rate comparison, we have assembled a list of low cost auto insurance companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just compare exactly the same coverage information with each company. If the quotes have different liability limits you will not be able to truly determine the lowest rate.

Don’t overlook these discounts

Auto insurance companies don’t always advertise every available discount very well, so here is a list some of the best known and also the lesser-known savings tricks you should be using. If you don’t get every credit you qualify for, you are throwing money away.

  • Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Accident Forgiveness – A handful of insurance companies permit an accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • No Claims – Drivers with accident-free driving histories pay much less when compared with bad drivers.
  • Service Members Pay Less – Being on active duty in the military could mean lower rates.
  • Distant Student – Any of your kids who attend school more than 100 miles from home and don’t have a car may qualify for this discount.
  • Clubs and Organizations – Belonging to a civic or occupational organization could trigger savings when shopping for insurance for Prius v coverage.
  • Bundle and Save – If you insure your home and vehicles with the same insurance company you may save at least 10% off all policies.

It’s important to note that some credits don’t apply the the whole policy. Most only reduce specific coverage prices like liability and collision coverage. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way.

Companies who might offer 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 be offered everywhere.

Is my situation unique?

When it comes to buying adequate coverage for your vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions can help discover whether or not you could use an agent’s help.

  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What can I do if my company denied a claim?
  • Are split liability limits better than a combined single limit?
  • Why do I need rental car insurance?
  • Is my teenager covered with friends in the car?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I need PIP coverage since I have good health insurance?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Why your Toyota Prius v insurance rates may be high

An important part of buying insurance is that you know some of the elements that come into play when calculating the price you pay for car insurance. Having a good understanding of what influences your rates enables informed choices that can help you get better car insurance rates.

The list below includes a partial list of the pieces car insurance companies consider when setting your rates.

  • High numbers of claims are not good – If you file claims often, you can expect either a policy non-renewal or much higher rates. Insurance companies generally give better rates to insureds who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Do you know you’re credit rating? – Having a bad credit rating is a big factor in determining what you pay for car insurance. Drivers who have good credit tend to be better drivers and file fewer claims than those with lower credit ratings. So if your credit history can use some improvement, you could be paying less to insure your 2012 Toyota Prius v by improving your credit score.
  • Where you live can impact rates – Living in a rural area can save you money when insuring your vehicles. Urban drivers have traffic congestion and much longer commute distances. Less people living in that area means reduced accidents and a lower car theft rate.
  • Multiple policies with one company can save – Most insurance companies will give a discount to people who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, you may still want to comparison shop to confirm you are receiving the best rates possible.
  • Never allow your policy to lapse – Not having insurance is illegal and as a result your rates will increase for letting your insurance lapse. And not only will insurance be more expensive, getting caught without coverage may earn you a hefty fine and possibly a revoked license.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Higher deductibles cost less – Coverage for physical damage, also known as collision and other-than-collision, protects your Toyota from damage. Some instances where coverage would apply could be colliding with a building, vandalism, and rolling your vehicle. Physical damage deductibles are the amount of money you are willing to pay if you file a covered claim. The more you are required to pay out-of-pocket, the lower your rates will be for Prius v coverage.
  • Sex matters – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men tend to get into accidents at a similar rate, but men cause more damage and cost insurance companies more money. Men also get more serious tickets such as reckless driving.
  • Liability insurance protects assets – Liability insurance will protect you when a court rules you are at fault for damages from an accident. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.

Coverages available on your auto insurance policy

Having a good grasp of auto insurance aids in choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by auto insurance companies.

Comprehensive coverages

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a broken windshield, damage from flooding and vandalism. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as hitting a mailbox, backing into a parked car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Liability coverages

Liability coverage will cover damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things such as loss of income, medical services, repair costs for stationary objects and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills for pain medications, ambulance fees, rehabilitation expenses and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Toyota Prius v.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Have the Midas touch

We just showed you some good ideas how to lower your 2012 Toyota Prius v insurance rates. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the most savings is with a lesser-known regional company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

The cheapest insurance is definitely available from both online companies in addition to many insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

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