2003 Toyota Prius Insurance Quotes – 9 Ideas for Cheaper Rates

Buying budget-priced insurance on the internet can seem to be problematic for buying insurance on the internet. With such a big selection of agents and companies in the marketplace, how are drivers expected to have the ability to compare every possible option in order to find the cheapest available price?

Locating the cheapest insurance coverage is not that difficult. Essentially anyone who buys insurance will be able to save money. Although vehicle owners can benefit by having an understanding of how big insurance companies compete online and apply this information to your search.

How to lower your car insurance cost

Comparing car insurance rates can be a lot of work if you don’t understand the most efficient way to do it. You can waste a lot of time talking about coverages with local insurance agents in your area, or you can stay home and use online quotes for quick rates.

Most of the larger companies belong to an insurance system that allows shoppers to enter their coverage request one time, and each company can provide price quotes based on that information. This prevents consumers from doing quote requests to each company.

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The single downside to using this type of system is that consumers can’t choose which providers to get pricing from. If you prefer to choose individual companies to compare rates, we have a page of the cheapest car insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but ensure you are comparing exactly the same coverage information for each price quote. If you compare different data it will be very difficult to determine the lowest rate for your Toyota Prius. Even a minor difference in coverages may result in large price differences. And when price shopping your coverage, more quotes provides better odds of finding more affordable insurance.

Your insurance coverage should be tailored to you

When it comes to buying adequate coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different.

These are some specific questions may help highlight if you might need an agent’s assistance.

  • Is business equipment covered while in my vehicle?
  • How can I get high-risk coverage after a DUI?
  • Are there companies who specialize in insuring high-risk drivers?
  • Are rock chip repairs covered?
  • If my 2003 Toyota Prius is totaled, can I afford another vehicle?
  • Should I buy only the required minimum liability coverage?
  • What if I owe more than I can insure my car for?
  • Does my car insurance cover rental cars?
  • Do I need PIP coverage since I have good health insurance?
  • Do I need motorclub coverage?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Coverages available on your auto insurance policy

Knowing the specifics of a auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Liability insurance

Liability coverage provides protection from damage that occurs to other’s property or people by causing 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 limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like loss of income, bail bonds, medical expenses, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Comprehensive auto coverage

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, rock chips in glass, theft, damage from a tornado or hurricane and hail damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like chiropractic care, doctor visits, nursing services, EMT expenses and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision insurance

This coverage pays for damage to your Prius resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as driving through your garage door, colliding with another moving vehicle, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This provides protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2003 Toyota Prius.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.