2014 Toyota Prius Plug-in Insurance Quotes – 9 Discounts for Best Rates

Searching for lower insurance rates for your Toyota Prius Plug-in? If you’re trying to find lower-cost insurance on the web, do you get frustrated by the number of insurance choices available to you? Many other drivers are too. vehicle owners have such a vast assortment of choices available that it can really be a lot of work to find the best insurance rates.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. The purpose of this post is to help educate you on how to get online quotes and some tricks to saving. But consumers must understand how the larger insurance companies sell insurance online.

The most recommended method to get policy rate comparisons takes advantage of the fact most of the larger companies actually pay money for the chance to provide you with a free rate quote. The only thing you need to do is provide a small amount of information including if your license is active, if you require a SR-22, whether you are single or married, and an estimate of your credit level. The rating information is then submitted to many of the top insurers and you get price estimates immediately.

Nine discounts for cheap auto insurance rates

Not too many consumers would say auto insurance is affordable, but discounts can save money and there are some available that can help lower your rates. Many of these discounts will be applied automatically when you get a quote, but a few must be specially asked for before you get the savings.

  • Military Rewards – Being deployed in the military may qualify for rate reductions.
  • Save over 55 – Seniors may be able to get a discount up to 10% on Prius Plug-in coverage.
  • Memberships – Being in a qualifying organization could trigger savings on your bill.
  • Telematics Data – Drivers who agree to allow their insurance company to analyze when and where they use their vehicle remotely like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they have good driving habits.
  • Good Student – A discount for being a good student may save you up to 25%. Most companies allow this discount up until you turn 25.
  • Low Miles Discount – Low annual miles could earn lower rates due to less chance of an accident.
  • One Accident Forgiven – This one isn’t a discount, but companies like Allstate and State Farm allow you one accident without getting socked with a rate hike so long as you haven’t had any claims for a particular time prior to the accident.
  • Savings for New Vehicles – Putting auto insurance coverage on a new car can get you a discount because newer models keep occupants safer.
  • Multi-car Discount – Buying a policy with multiple cars or trucks with one company qualifies for this discount.

As is typical with insurance, many deductions do not apply the the whole policy. Some only apply to specific coverage prices like medical payments or collision. So even though you would think you would end up receiving a 100% discount, you’re out of luck.

Some of the larger companies that may include some of the discounts shown above include:

If you need lower rates, check with every company which discounts you may be entitled to. Some credits might not be offered on policies in your area. To see companies who offer free auto insurance quotes, click this link.

Tailor your car insurance coverage to you

When buying the best car insurance coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different.

These are some specific questions might help in determining if your insurance needs might need professional guidance.

  • Am I covered when delivering products for my home-based business?
  • Does my policy cover my teen driver if they drive my company car?
  • Is other people’s property covered if stolen from my vehicle?
  • Does coverage extend to Mexico or Canada?
  • Do I need special endorsements for business use of my vehicle?
  • Is a fancy paint job covered?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Will I lose any money if I cancel my policy before it expires?
  • Who is covered by my policy?
  • What is UM/UIM insurance?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form.

Do auto insurance companies bend the truth?

Auto insurance providers like Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. All the ads advertise claims about how much you will save after switching your coverage to them. It sounds good, but how can they all say the same thing? It’s all in the words they use.

Companies require specific criteria for the driver that will add to their bottom line. For example, a profitable insured could be between 30 and 50, has a low-risk occupation, and insures a new vehicle. Any new insured who fits that profile will get the preferred prices and as a result will probably save a lot if they switch.

People who do not meet the “perfect” profile will see a higher rate which translates to the customer buying from someone else. The wording the ads use say “people that switch” but not “all drivers who get quotes” save the amount stated. This is how insurance companies can advertise the way they do.

Because of the profiling, drivers must do a rate comparison at every renewal. Because without a comparison, you cannot know the company that will have the best premium rates for your profile.

Auto insurance 101

Having a good grasp of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Insurance for medical payments – Med pay and PIP coverage pay for immediate expenses like EMT expenses, pain medications, ambulance fees and chiropractic care. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your 2014 Toyota Prius Plug-in.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Auto liability – Liability coverage will cover damage that occurs to other people or property. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like bail bonds, repair costs for stationary objects, structural damage, funeral expenses and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, fire damage, hail damage and theft. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverages – This covers damage to your Prius Plug-in resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as colliding with a tree, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Have the Midas touch

A few companies don’t offer the ability to get quotes online and these smaller providers only sell through local independent agencies. Budget-conscious 2014 Toyota Prius Plug-in insurance is possible from both online companies and from local insurance agents, so you need to compare both to have the best selection.

When trying to cut insurance costs, it’s not a good idea to reduce needed coverages to save money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits only to discover later that the small savings ended up costing them much more. Your goal should be to get the best coverage possible at a price you can afford, but do not sacrifice coverage to save money.

You just learned some good ideas how you can compare 2014 Toyota Prius Plug-in insurance prices online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding the cheapest insurance. Drivers may discover the most savings is with some of the smallest insurance companies.

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