Cheaper 2015 Scion FR-S Car Insurance Cost

Are you irritated from trying to scrape together enough money to keep your car insured? You are in the same boat as many other people. Multiple insurance companies compete for your insurance dollar, and because of this it can be hard to compare auto insurance companies to find the absolute lowest rate possible.

It’s important to get comparison quotes occasionally because prices fluctuate regularly. Even if you think you had the best price for FR-S coverage a couple years back there may be better deals available now. Ignore everything you know about car insurance because you’re about to learn the only way to find the best coverage while lowering your premiums.

If you are insured now or are shopping for new coverage, you can follow these tips to shop for the lowest rates while maximizing coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Consumers just need to learn the tricks to get comparison rates over the internet.

Save a ton with these insurance coverage discounts

The price of auto insurance can be rather high, but you might already qualify for some discounts to help offset the cost. Certain reductions will be credited when you purchase, but some discounts are required to be inquired about before you get the savings.

  • Seat Belt Usage – Requiring all passengers to buckle up can save a little on the medical payments or PIP coverage costs.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts may earn rate discounts as much as 30%.
  • Government Employee Discount – Federal government employees may reduce rates when you quote car insurance for FR-S coverage with certain companies.
  • Driving Data Discount – Drivers that enable their insurance company to analyze driving manner by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they have good driving habits.
  • Discounts for Safe Drivers – Insureds without accidents can save up to 40% or more on their car insurance quote for FR-S coverage than drivers with accidents.
  • New Vehicle Savings – Buying coverage on a new vehicle is cheaper because newer vehicles keep occupants safer.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.
  • Homeowners Savings – Simply owning a home may trigger a policy discount on insurance coverage since owning and maintaining a home is proof that your finances are in order.
  • Multi-Vehicle Discounts – Insuring more than one vehicle with the same insurance coverage company can reduce rates for all insured vehicles.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices can help prevent theft and that can save you a little bit as well.

While discounts sound great, it’s important to understand that some credits don’t apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, you’re out of luck.

A few popular companies and their possible discounts are detailed below.

  • GEICO has savings for military active duty, driver training, five-year accident-free, federal employee, daytime running lights, good student, and air bags.
  • Auto-Owners Insurance may offer discounts for anti-theft, safe vehicle, group or association, student away at school, mature driver, anti-lock brakes, and air bags.
  • American Family offers discounts for early bird, accident-free, Steer into Savings, TimeAway discount, bundled insurance, and air bags.
  • Esurance offers premium reductions for multi-car, Switch & Save, emergency road assistance, safety device, renters, claim free, and homeowner.
  • Progressive may have discounts that include online quote discount, multi-vehicle, good student, homeowner, multi-policy, and continuous coverage.
  • State Farm includes discounts for good driver, good student, Drive Safe & Save, anti-theft, multiple autos, and student away at school.
  • AAA may include discounts for AAA membership discount, multi-car, pay-in-full, multi-policy, good driver, and anti-theft.

Check with each company how many discounts you can get. Some discounts may not be offered in your area. If you would like to choose from a list of companies with the best discounts, click here.

Why your insurance prices might be higher

Multiple criteria are part of the equation when quoting car insurance. A few of the factors are predictable like a motor vehicle report, but other criteria are more transparent such as whether you are married or your financial responsibility.Smart consumers have a good feel for some of the factors that aid in calculating the price you pay for car insurance. If you have some idea of what impacts premium levels, this enables informed choices that may reward you with big savings.

The itemized list below are some of the most rate-impacting factors used by insurance companies to determine rates.

  • Cautious drivers have lower prices – How you drive influences premium rates substantially. Just one speeding ticket can increase the cost of insurance substantially. Drivers with clean records get better prices as compared to those with violations. Drivers unfortunate enough to have serious violations such as DUI or reckless driving are required to complete a SR-22 with their state’s licensing department in order to legally drive a vehicle.
  • Your spouse saves you money – Getting married may earn you lower rates on your car insurance bill. It generally demonstrates drivers are more financially stable and it’s statistically proven that married drivers tend to file fewer claims.
  • Drive less and get lower prices – Driving more miles annually the more it will cost to insure it. Most companies charge rates based on their usage. Cars and trucks used primarily for pleasure use receive better premium rates than cars that get driven a lot. Incorrect rating for your FR-S is just wasting money. It’s always a good idea to double check that your vehicle rating states the correct usage for each vehicle, because improper ratings can cost you money.
  • Cheaper rates with high comp and collision deductibles – Comp and collision deductibles define how much you are willing to pay before your car insurance pays a claim. Physical damage protection, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of some claims that would be covered could be collision with another vehicle, damage caused by hail, and damage caused by road hazards. The more money you pay before a claim is paid (deductible), the lower your rates will be for FR-S coverage.
  • Consolidate policies and save – Some insurance companies will give a discount to people that buy multiple policies such as combining an auto and homeowners policy. If you currently are using one company, it’s always a smart idea to comparison shop to verify if the discount is saving money.
  • The higher your credit rating the lower your rates – An insured’s credit score is a large factor in determining premium rates. Insureds with high credit ratings tend to be better risks to insure as compared to drivers with lower ratings. Therefore, if your credit rating can use some improvement, you may save money insuring your 2015 Scion FR-S by repairing your credit.
  • Which gender costs less? – Over the last 50 years, statistics have shown women are more cautious behind the wheel. However, this does not mean men are worse drivers. They both cause at-fault accidents in similar percentages, but the males tend to have higher claims. Not only are claims higher, but men receive more costly citations such as DWI and reckless driving. Male drivers age 16 to 19 generally have the highest accident percentage and therefore have the most expensive car insurance rates.

Car insurance can get complicated

When it comes to buying the best car insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might help in determining whether you may require specific advice.

  • Are there companies who specialize in insuring high-risk drivers?
  • Am I covered if I drive in a foreign country?
  • Do I really need UM/UIM coverage?
  • Is my state a no-fault state?
  • What are the best liability limits?
  • Are rental cars covered under my policy?
  • Should I file a claim if it’s only slightly more than my deductible?
  • If my 2015 Scion FR-S is totaled, can I afford another vehicle?
  • How can I find cheaper teen driver insurance?
  • Am I covered if my car is in a flood?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.

Car insurance coverages 101

Understanding the coverages of your car insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages available from car insurance companies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like doctor visits, rehabilitation expenses and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like theft, hitting a bird and hail damage. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Liability

This coverage protects you from damage or injury you incur to a person or their property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for claims such as legal defense fees, pain and suffering, emergency aid, medical services and medical expenses. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Collision protection

This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as colliding with another moving vehicle, rolling your car, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Find Good Coverage for Less

When getting car insurance quotes online, do not sacrifice coverage to reduce premiums. There have been many cases where someone dropped physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. Your objective should be to buy the best coverage you can find at the lowest possible cost while still protecting your assets.

You just learned a lot of information how to lower your 2015 Scion FR-S insurance premium rates. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even find the most savings is with a lesser-known regional company. Some small companies may only write in your state and offer lower prices than their larger competitors like Allstate or State Farm.

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