How Much Does 2005 Toyota Prius Car Insurance Cost?

Finding low-cost insurance for a Toyota Prius can turn out to be difficult, but you can learn the following methods to make it easier. There are both good and bad ways to find insurance coverage online and we’ll show you the quickest way to compare rates on a Toyota and obtain the best price possible either online or from local insurance agents.

How to shop auto insurance online

Effectively comparing auto insurance prices can take time and effort if you don’t know the most efficient way. You could waste a few hours driving to insurance agencies in your area, or you could save time and use online quotes to accomplish the same thing much quicker.

Many of the larger companies participate in an industry program that allows shoppers to submit one quote, and each company returns a rated price based on that data. This system prevents you from having to do quote forms to every company.

To find out how much you can save on auto insurance click to open in new window.

The single downside to pricing coverage this way is you cannot specify which carriers to get pricing from. If you wish to select specific providers to compare, we put together a list of low cost auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just be sure you’re using equivalent coverage limits and deductibles on every quote you get. If you are comparing different liability limits it’s impossible to make a fair rate comparison.

Don’t be fooled by advertising claims

Consumers can’t escape the ads for the lowest price car insurance by Progressive, Allstate and GEICO. All the ads make an identical promise about savings just by moving your policy.

But how can every company make the same claim? It’s all in the wording.

Companies are able to cherry pick for the type of insured that will not have excessive claims. An example of a profitable customer could possibly be over the age of 50, carries full coverage, and drives less than 10,000 miles a year. Any person who matches those parameters will get low prices and will cut their rates substantially.

Potential customers who are not a match for the “perfect” profile will see higher prices with the end result being business not being written. The trick is to say “customers who switch” not “everyone that quotes” save money. That’s why insurance companies can confidently advertise the way they do. Because each company has a different risk profile, drivers should get insurance coverage quotes from several different companies. It’s just not possible to know which car insurance company will have better auto insurance rates than you’re paying now.

Car insurance policy discounts you can’t miss

The cost of insuring your cars can be expensive, but you might find some hidden discounts that can drop the cost substantially. Some discounts apply automatically when you complete an application, but less common discounts must be specifically requested before they will apply.

  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts can receive discounts of 25 to 30%.
  • ABS and Traction Control Discounts – Vehicles with ABS and/or traction control are safer to drive and will save you 10% or more.
  • Paperwork-free – A few larger online companies give back up to $50 shop insurance coverage over the internet.
  • Membership in Organizations – Being a member of qualifying clubs or civic groups is a good way to get lower rates when getting a insurance coverage quote.
  • Accident Free – Good drivers with no accidents are rewarded with significantly better rates on insurance coverage quote compared to policyholders that have many claims.
  • Save with a New Car – Insuring a vehicle that is new can get you a discount since new vehicles are generally safer.
  • Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems can help prevent theft and will save you 10% or more.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the entire policy premium. Most cut specific coverage prices like liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, you’re out of luck. Any qualifying discounts will help lower the amount you have to pay.

A few of the larger companies and some of the discounts are detailed below.

  • American Family offers premium reductions for bundled insurance, TimeAway discount, air bags, mySafetyValet, good driver, defensive driver, and early bird.
  • Nationwide may include discounts for accident-free, easy pay, defensive driving, family plan, multi-policy, business or organization, and anti-theft.
  • MetLife has savings for claim-free, defensive driver, multi-policy, good student, and good driver.
  • 21st Century offers discounts including good student, theft prevention, anti-lock brakes, defensive driver, and automatic seat belts.
  • Farmers Insurance discounts include pay in full, mature driver, good student, business and professional, electronic funds transfer, bundle discounts, and switch companies.
  • Allstate may have discounts that include farm vehicle, early signing, resident student, premier discount, auto/life discount, premier plus, and senior citizen.

Before purchasing a policy, check with each company which discounts can lower your rates. Some discounts may not be available everywhere.

Insurance agents can help

When it comes to choosing the best insurance coverage coverage, there is no “perfect” insurance plan. Each situation is unique.

Here are some questions about coverages that can aid in determining whether you would benefit from professional advice.

  • Am I insured when driving a different vehicle?
  • When should I not file a claim?
  • Should I bundle my homeowners policy with my auto?
  • Are split liability limits better than a combined single limit?
  • How can I get high-risk coverage after a DUI?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What should my uninsured motorist coverage limits be in my state?
  • What is no-fault insurance?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.

Auto insurance coverages

Learning about specific coverages of your policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Comprehensive (Other than Collision) – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, hail damage, rock chips in glass, fire damage and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like driving through your garage door, colliding with a tree, colliding with another moving vehicle and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for expenses such as funeral costs, EMT expenses, rehabilitation expenses, hospital visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages – This coverage will cover damage that occurs to people or other property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims such as court costs, pain and suffering, emergency aid and attorney fees. How much coverage you buy is your choice, but buy as much as you can afford.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Toyota Prius.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Keep this in mind

Insureds change insurance companies for any number of reasons including not issuing a premium refund, policy cancellation, unfair underwriting practices or even an unsatisfactory settlement offer. It doesn’t matter why you want to switch switching companies can be pretty painless.

In this article, we presented some good ideas how to compare 2005 Toyota Prius insurance premium rates online. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest priced insurance coverage comes from an unexpected company.

A few companies may not provide online rate quotes and these smaller providers prefer to sell through local independent agents. The cheapest 2005 Toyota Prius insurance can be sourced on the web and from local insurance agents, and you need to price shop both so you have a total pricing picture.

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