1995 Toyota Paseo Car Insurance Cost – 8 Ideas for Cheaper Prices

Purchasing the most affordable insurance coverage might seem impossible for price shopping on the web. With such a large choice of online companies, how can anyone be able to compare all the different companies and get the cheapest rates?

It’s a great practice to take a look at other company’s rates at least once a year because insurance rates tend to go up over time. Just because you found the lowest premium rates on Paseo insurance a couple years back you may be paying too much now. Block out anything you think you know about insurance coverage because I’m going to teach you the fastest way to find lower rates on insurance coverage.

How to shop insurance coverage online

Shopping for lower insurance coverage rates can take hours if you aren’t aware of the most efficient way. You could waste a few hours talking to agents in your area, or you can stay home and use online quoting to quickly compare rates.

Most of the larger companies participate in a marketplace where prospective buyers submit one quote, and every company can give them a price determined by their information. This saves time by eliminating quote requests for each company you want a rate for. To find out how much you’re overpaying now click here (opens in new window).

The one downside to comparing rates this way is you are unable to specify which companies to receive prices from. If you prefer to choose from a list of companies for rate comparison, we have a page of insurance coverage companies in your area. Click here to view list.

However you get your quotes, try to keep apples-to-apples quote information for each comparison quote. If each company quotes different coverage information it will be impossible to determine which rate is truly the best. Slightly different insurance coverages could skew the results. Just remember that obtaining a wide range of quotes increases the change that you will find more affordable insurance.

These eight discounts can reduce auto insurance rates

Some providers don’t always list all available discounts in an easy-to-find place, so the below list has a few of the more well known as well as some of the hidden discounts you could be receiving when you buy auto insurance online.

  • Distant College Student Discount – Kids who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle could qualify for this discount.
  • Accident-Free Discounts – Drivers with accident-free driving histories can earn big discounts when compared with frequent claim filers.
  • Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices help deter theft and qualify for as much as a 10% discount.
  • Active Service Discounts – Being deployed with a military unit can result in better auto insurance rates.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course if offered at their school.
  • Responsible Drivers – Insureds who avoid accidents can save up to 40% or more on their auto insurance quote on Paseo insurance as compared to drivers with claims.
  • 55 and Retired – If you’re over the age of 55, you can get a small discount on rates on Paseo insurance.

Policy discounts save money, but most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

Auto insurance companies that may offer some of the discounts shown above may include but are not limited to:

When getting a coverage quote, ask every prospective company which discounts can lower your rates. Discounts may not be available in your area. To see insurance companies with the best discounts, click here to view.

When do I need an agent’s advice?

When it comes to choosing the right insurance coverage, there really is no cookie cutter policy. Everyone’s situation is unique.

Here are some questions about coverages that might point out if your situation might need an agent’s assistance.

  • Does my medical payments coverage pay my health insurance deductible?
  • Should I carry comprehensive and collision coverage?
  • Am I covered if hit by an uninsured driver?
  • Is my babysitter covered when using my vehicle?
  • When can my company non-renew my policy?
  • Am I better off with higher deductibles on my 1995 Toyota Paseo?
  • Can my teen drive my company car?
  • How much liability do I need to cover my assets?
  • How do I insure my teen driver?
  • Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Educate yourself about car insurance coverages

Knowing the specifics of your policy can help you determine which coverages you need and the correct deductibles and limits. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Collision insurance

Collision coverage will pay to fix damage to your Paseo caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a mailbox, sideswiping another vehicle, rolling your car and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to increase the deductible to bring the cost down.

Liability coverages

Liability insurance will cover injuries or damage you cause to people or other property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against claims like repair costs for stationary objects, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like surgery, hospital visits and EMT expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hail damage, hitting a bird and theft. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Toyota Paseo.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently these limits do not exceed the liability coverage limits.