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Toyota Prius Insurance Cost

Drivers have lots of options when finding cheaper insurance coverage on your Toyota vehicle. You can either contact your neighborhood insurance agent or go online to compare insurance costs of a lot of auto insurance companies. Finding cheaper auto insurance through online companies can be fast and easy, plus you will probably save money.

If you are a novice to online auto insurance shopping, you may be overwhelmed by the hoards of auto insurance companies competing for your business. Finding cheaper coverage prices is not a difficult process. All you need to do is take the time comparing rates provided by online insurance companies. It is quite easy and can be accomplished by getting a quick quote here.

Premiums are calculated by...

Insurance rates for a Toyota Prius will vary greatly depending on several factors. Including but not limited to:

  • Higher performance Prius vehicles cost more
  • Your accident history
  • Home/auto policy bundles save money
  • Use of your vehicle
  • Young drivers cost more
  • Being married may save money
  • Add-on coverages such as rental reimbursement
  • No claims lowers premiums
  • Maintaining coverage lowers rates
  • Home ownership saves money

One last important factor which can affect the rate you pay on your Toyota is the year of manufacture. Models that are new have a higher actual cash value so the cost to replace them will push premiums up. But more recent Toyota vehicles may have options including active head restraints, traction control, and a rollover prevention system so those may help offset higher rates.

To get more specific information about how much rates will be for your vehicle, select the year of your Prius from the list below.

Coverage for liability

This coverage will cover damage or injury you incur to other people or property that is your fault. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so purchase as much as you can afford.

Collision protection

This will pay to fix damage to your Toyota caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in. Prius collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the "other guys" are uninsured or don't have enough coverage. Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like EMT expenses, pain medications, and nursing services. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Personal Injury Protection is only offered in select states and may carry a deductible.

How Much are Toyota Prius Insurance Rates?