Lower Your 2014 Scion iQ Insurance Quotes

Being forced to pay for high-priced car insurance premiums can dry up your checking account and possibly require postponing other expenditures. Performing a price comparison can be a smart way to reduce premiums and put more money in your pocket.

Big-name insurance companies like GEICO, Progressive and Allstate promote their brand names with catchy ads and consumers find it hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s a good habit to shop coverage around every six months because prices tend to go up over time. Despite the fact that you may have had the lowest quotes on iQ coverage two years ago you will most likely find a better rate today. Block out anything you think you know about car insurance because we’re going to demonstrate the proper way to find great coverage at a great price.

If you are insured now or need new coverage, you can use these techniques to shop for the lowest rates and possibly find even better coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Vehicle owners just need to understand the tricks to get comparison quotes over the internet.

Insurance premium influencing factors

Lots of things are part of the equation when you get a price on insurance. Some are pretty understandable such as your driving record, although some other factors are less obvious such as whether you are married or your commute time.Consumers need to have an understanding of the rating factors that play a part in calculating your policy premiums. When consumers understand what determines base rates, this helps enable you to make changes that could result in better insurance coverage rates.

  • Safer vehicles cost less to insure – Vehicles with good safety scores tend to have better insurance rates. Safer cars help reduce the chance of injuries in an accident and better occupant protection means less money paid by your insurance company which can mean better rates for you.
  • Low deductibles mean high prices – Your deductibles are how much you are required to spend out-of-pocket if a covered claim is submitted. Protection for physical damage, aka comp and collision, is used to repair damage to your car. Some examples of claims that would be covered could be a windshield broken by a bird, animal collisions, and having a roll-over accident. The more money you have to pay, the bigger discount you will receive on iQ coverage.
  • Multi-policy discounts can save money – Some insurers allow discounts to buyers who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you still need to get quotes from other companies to make sure you are getting the best deal. Consumers may save more without the discount by buying from different companies
  • Fewer miles means better rates – The higher the mileage driven every year the higher your rates will be. Most companies charge to insure your cars based upon how much you drive. Vehicles that are left in the garage qualify for better rates compared to those used for work or business. Having the wrong rating on your iQ can result in significantly higher rates. It’s a smart idea to ensure your insurance coverage coverage is rated on the right rating data, because improper ratings can cost you money.
  • Don’t abuse insurance coverage claims – Auto insurance companies generally give lower rates to insureds who do not file claims often. If you file a lot of claims you can expect increased rates or even have your policy non-renewed. Your car insurance is designed for more catestrophic claims.
  • How’s your driving record? – Having a clean driving record influences premium rates substantially. Just one citation may increase your cost substantially. Attentive drivers tend to pay less for car insurance as compared to careless drivers. Drivers with dangerous tickets like DUI or willful reckless driving may be required to prove financial responsibility with the DMV in their state in order to prevent a license revocation.

How to lower your insurance coverage cost

Finding low cost insurance coverage rates isn’t really that difficult. Just spend a few minutes to compare free insurance coverage quotes to discover which company has inexpensive insurance coverage quotes. You can get a good selection of rate quotes using one of these methods.

  • One of the simplest ways to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This style of form keeps you from doing repetitive form submissions for each price estimate. Taking the time to complete one form will return price quotes from insurance coverage companies with the best prices.
  • A more time consuming way to analyze rates requires a trip to each company website to complete their respective quote request forms. For example, we’ll assume you want rates from Liberty Mutual, State Farm and Travelers. To get rate quotes you would need to go to each individual site and repeatedly enter your information, which can get old fast. For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but make sure you compare equivalent information on every quote you get. If each company quotes different coverage information you will not be able to make a fair comparison for your Scion iQ.

Insurance policy discounts

Insuring your fleet can be pricey, but you may be missing some discounts that many consumers don’t even know exist. Some of these disounts will be visible at the time of quoting, but a few must be specially asked for before you will receive the discount.

  • Homeowners Savings – Just being a homeowner can help you save on insurance because maintaining a house requires a higher level of personal finance.
  • Air Bags and Passive Restraints – Vehicles with factory air bags can qualify for discounts up to 30%.
  • Resident Student – Youth drivers who are enrolled in higher education away from home and leave their car at home may be insured at a cheaper rate.
  • Safety Course Discount – Taking a course teaching safe driver skills can save you 5% or more if you qualify.
  • 55 and Retired – Drivers that qualify as senior citizens may be able to get reduced rates on iQ coverage.
  • Discount for Low Mileage – Low mileage vehicles may allow you to get lower prices on the low mileage vehicles.
  • Buy New and Save – Insuring a new car can be considerably cheaper since newer models are generally safer.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in high school.
  • Theft Deterent Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.

As a sidenote, some of the credits will not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

Car insurance companies that may offer quotes with some of the discounts shown above include:

When getting free insurance coverage quotes, it’s a good idea to each company what discounts are available to you. Some of the earlier mentioned discounts might not be available to policyholders in every state.

How do I know if I need professional advice?

When it comes to choosing coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different and your policy should reflect that. These are some specific questions can help discover if you will benefit from professional help.

  • How high should my medical payments coverage be?
  • Am I covered when pulling a rental trailer?
  • Can I drive in Mexico and have coverage?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Am I insured when driving a different vehicle?
  • Am I covered if I wreck a rental car?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Insurance policy specifics

Having a good grasp of your policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the normal coverages offered by insurance companies.

Collision coverage

Collision insurance covers damage to your iQ from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as rolling your car, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Coverage for liability

This coverage protects you from damage that occurs to people or other property. It protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of 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 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for claims like bail bonds, pain and suffering, attorney fees and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as hail damage, a broken windshield, theft, rock chips in glass and hitting a bird. The maximum payout your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for bills for things like funeral costs, X-ray expenses, ambulance fees, nursing services and chiropractic care. They can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your 2014 Scion iQ.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Don’t be a big spender

We’ve covered some good ideas how you can shop for 2014 Scion iQ insurance online. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may be surprised to find that the best prices are with a company that doesn’t do a lot of advertising. These companies often have lower rates on specific markets compared to the large companies like Allstate or State Farm.

When getting insurance coverage quotes online, it’s not a good idea to skimp on coverage in order to save money. There have been many cases where consumers will sacrifice collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.

Cheaper insurance can be bought online and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some insurance providers may not provide online quoting and usually these smaller companies sell through independent agents.

To learn more, take a look at the resources below: