View 2015 Scion iQ Car Insurance Cost

Scraping up a payment for expensive Scion iQ insurance can overdraw your personal savings and force you to cut corners elsewhere. Getting a rate comparison is a great way to make sure you’re not throwing money away.

Since vehicle owners have many insurance companies to choose from, it can be impossible to choose the lowest cost insurance company.

It’s a great practice to do price comparisons before your next renewal because insurance prices go up and down regularly. If you had the best rates for iQ insurance a few years ago a different company probably has better premium rates today. Ignore everything you know about insurance because we’re going to show you the fastest and easiest way to properly buy coverages and cut your premium.

Shopping for more affordable protection is not that difficult. If you are insured now or need new coverage, you can follow these tips to get lower rates while maintaining coverages. Drivers just need to understand the best way to get comparison rates online.

How much is auto insurance?

Performing a rate comparison can be challenging if you don’t understand the fastest way to get free quotes. You can waste hours talking to insurance companies in your area, or you can utilize online quoting to maximize your effort.

Most car insurance companies belong to a marketplace that enables customers to enter their coverage request one time, and at least one company then gives them pricing for coverage. This saves time by eliminating quotation requests to every company. To find out how much you’re overpaying now click here to open in new window.

One minor caviat to comparing rates this way is you cannot specify which insurance companies to get quotes from. So if you want to select from a list of companies to compare prices, we have a listing of the cheapest auto insurance companies in your area. View list of insurance companies.

Whichever way you use, do your best to enter identical coverage information for each price quote. If you enter different coverage information it will be impossible to find the best deal for your Scion iQ.

Affordable car insurance rates with discounts

Companies offering auto insurance do not list every disount available very clearly, so here is a list both well-publicized as well as the least known discounts that may be available.

  • Discounts for Federal Employees – Employees or retirees of the government could cut as much as 10% off for iQ insurance with some car insurance companies.
  • Multi-Vehicle Discounts – Having multiple cars or trucks on the same car insurance policy can get a discount for every vehicle.
  • Savings for New Vehicles – Adding a new car to your policy is cheaper compared to insuring an older model.
  • Multi-policy Discount – If you can bundle your auto and homeowners insurance with the same insurance company you may earn 10% to 20% off each policy.
  • Telematics Devices – Insureds that choose to allow driving data submission to study driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they have good driving habits.

Discounts lower rates, but most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any amount of discount will cut the cost of coverage.

Companies and their possible discounts can be read below.

  • Mercury Insurance may include discounts for multi-car, location of vehicle, good student, good driver, annual mileage, and ease of repair.
  • Farmers Insurance offers discounts for bundle discounts, multi-car, good student, youthful driver, switch companies, and pay in full.
  • Farm Bureau may offer discounts for renewal discount, 55 and retired, multi-policy, driver training, safe driver, and multi-vehicle.
  • State Farm offers discounts including Drive Safe & Save, good driver, Steer Clear safe driver discount, good student, multiple autos, and student away at school.
  • Allstate offers premium reductions for farm vehicle, passive restraint, FullPay discount, good payer, and anti-lock brakes.
  • GEICO policyholders can earn discounts including air bags, multi-policy, five-year accident-free, anti-theft, membership and employees, and seat belt use.

When getting free insurance quotes, it’s a good idea to every insurance company to apply every possible discount. Discounts might not be offered in every state. For a list of insurance companies that offer many of these discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. For example, these questions might point out if your insurance needs would benefit from an agent’s advice.

  • Should I buy more coverage than the required minimum liability coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • At what point should I drop full coverage?
  • Am I covered when driving on a suspended license?
  • Why am I required to buy high-risk coverage?
  • Does coverage extend to Mexico or Canada?
  • Is my babysitter covered when using my vehicle?
  • Can I afford to pay high deductible claims out of pocket?
  • What exactly is covered by my policy?
  • Are rental cars covered under my policy?

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 an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Detailed coverages of your car insurance policy

Learning about specific coverages of a car insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average car insurance policy.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for doctor visits, prosthetic devices and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This coverage will pay to fix damage to your iQ resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like hitting a parking meter, backing into a parked car, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Scion iQ.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Normally these coverages are identical to your policy’s liability coverage.

Comprehensive insurance

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, damage from flooding, a tree branch falling on your vehicle and hitting a bird. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverage

This coverage provides protection from damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things like pain and suffering, structural damage, attorney fees, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Don’t throw your cash in the trash

When you buy insurance online, do not sacrifice coverage to reduce premiums. In many cases, an accident victim reduced uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. The proper strategy is to buy enough coverage at the best possible price while not skimping on critical coverages.

We just presented many ways to save on 2015 Scion iQ insurance. The key thing to remember is the more quotes you get, the higher your chance of finding the cheapest insurance. Consumers could even find that the lowest prices are with some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

Lower-priced insurance coverage is attainable online and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates. Some companies may not provide online price quotes and these regional insurance providers only sell through independent agents.

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