1996 Toyota Paseo Insurance Cost – 5 Ways to Save

Pricey Toyota Paseo insurance can overdraw your checking account and put the squeeze on your family’s finances.

You have so many auto insurance companies to pick from, and though it is a good thing to be able to choose, it makes it harder to find the lowest cost provider.

It’s a good habit to check car insurance prices occasionally since insurance rates trend upward over time. Even if you think you had the lowest rate on Paseo insurance two years ago the chances are good that you can find a lower price today. Block out anything you think you know about car insurance because I’m going to teach you the things you must know in order to remove unneeded coverages and save money.

Finding the best rates is not rocket science. Essentially anyone who carries auto insurance will more than likely be able to cut their insurance bill. Although drivers do need to know the way companies price insurance differently and apply this information to your search.

Get lower rates with these five discounts

Some insurers don’t always publicize every available discount in a way that’s easy to find, so below is a list some of the best known and the harder-to-find credits available to you.

  • Theft Prevention Discount – Vehicles that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Discounts for Seat Belt Usage – Forcing all vehicle occupants to use their safety belts could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Auto/Life Discount – Not all car insurance companies offer life insurance, but some may give you a break if you buy life insurance.
  • Passive Restraint Discount – Factory options such as air bags or motorized seat belts may get savings of 20% or more.
  • Employee of Federal Government – Active or former government employment could provide a small rate reduction on Paseo insurance but check with your company.

Policy discounts save money, but most of the big mark downs will not be given to all coverage premiums. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.

The best car insurance companies and a partial list of their discounts are included below.

  • State Farm offers discounts for Drive Safe & Save, multiple policy, anti-theft, driver’s education, safe vehicle, good driver, and defensive driving training.
  • Nationwide includes discounts for multi-policy, good student, business or organization, accident-free, Farm Bureau membership, easy pay, and family plan.
  • GEICO offers premium reductions for multi-vehicle, emergency military deployment, daytime running lights, air bags, and federal employee.
  • AAA offers discounts including good student, pay-in-full, AAA membership discount, good driver, anti-theft, and multi-policy.
  • 21st Century policyholders can earn discounts including good student, theft prevention, teen driver, driver training, early bird, 55 and older, and anti-lock brakes.
  • The Hartford has savings for vehicle fuel type, air bag, driver training, good student, and bundle.

Before you buy a policy, ask each company or agent what discounts are available to you. Some credits might not be available to policyholders in your state. For a list of insurers that offer multiple discounts, click here.

Auto insurance can be complex

When it comes to choosing the right insurance coverage, there isn’t really a best way to insure your cars. Every situation is different so your insurance needs to address that. For instance, these questions might help in determining if your situation might need professional guidance.

  • Do I have coverage when using my vehicle for my home business?
  • Why is insurance for a teen driver so high?
  • Should I drop comprehensive coverage on older vehicles?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I need higher collision deductibles?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • How do I file an SR-22 for a DUI in my state?
  • Is my nanny covered when driving my vehicle?

If you can’t answer these questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance 101

Having a good grasp of a insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

Liability auto insurance – This can cover injuries or damage you cause to other people or property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims such as emergency aid, attorney fees, funeral expenses, pain and suffering and loss of income. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

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. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage – This will pay to fix damage to your Paseo caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, rolling your car, hitting a parking meter, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for short-term medical expenses for things like prosthetic devices, dental work, surgery, chiropractic care and X-ray expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hail damage, damage from getting keyed and a broken windshield. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Do the work, save more money

In this article, we covered quite a bit of information on how to get a better price on 1996 Toyota Paseo insurance. The most important thing to understand is the more quotes you get, the better your comparison will be. Drivers may discover the most savings is with a company that doesn’t do a lot of advertising. Some small companies may cover specific market segments cheaper compared to the large companies like Allstate, GEICO and Progressive.

When searching for cheap insurance coverage quotes, make sure you don’t buy poor coverage just to save money. There have been many situations where someone sacrificed full coverage and learned later that the small savings ended up costing them much more. Your objective should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.

Much more information about car insurance is available on the following sites: