Auto Insurance Quotes for a Toyota Prius in Orlando

Unimaginable but true, 70% of consumers kept their policy with the same company for more than four years, and approximately 40% of consumers have never even shopped around for affordable coverage. The average driver in Orlando could save themselves almost 55% a year just by comparing rates, but they don’t want to take the time to go online and compare rates.

If you want to save money, the best way to get low-cost Toyota Prius insurance in Orlando is to compare quotes once a year from providers that insure vehicles in Florida.

Step 1: Try to comprehend how companies price auto insurance and the changes you can make to lower rates. Many risk factors that result in higher rates such as getting speeding tickets and an imperfect credit score can be rectified by improving your driving habits or financial responsibility. Keep reading for more details to keep prices down and find additional discounts.

Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or State Farm, while agents who are independent can quote rates for many different companies.

Step 3: Compare the new rate quotes to your existing policy to see if switching to a new carrier will save money. If you can save money, make sure there is no coverage gap between policies.

Step 4: Provide adequate notice to your current company of your intention to cancel the current policy and submit any necessary down payment along with the completed application to the new insurer. Once coverage is bound, keep the new proof of insurance certificate with your registration paperwork.

The critical component of shopping around is that you’ll want to compare identical deductibles and limits on every quote request and and to analyze as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and maximum price selection.

The best way to compare policy rates for Toyota Prius insurance in Orlando is to know the fact most larger insurance companies have advanced systems to provide you with a free rate quote. To get started, all you need to do is provide details such as if you went to college, if the car is leased, if you have an active license, and the year, make and model of vehicles. The rating information gets transmitted to multiple different insurance companies and they return cost estimate immediately.

To compare rates for your Toyota Prius now, click here and find out if you can get cheaper insurance in Orlando.

The car insurance companies shown below offer comparison quotes in Orlando, FL. If your goal is to find the best auto insurance in Orlando, FL, it’s a good idea that you visit several of them in order to find the most competitive rates.

Rates and other information

The information displayed next outlines different coverage costs for Toyota Prius models. Learning how insurance rates are established can benefit drivers when making informed purchases.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can influence coverage rates greatly.

Raise deductibles and save

When shopping for auto insurance, a common question is how high should the physical damage deductibles be. The comparisons below may help to illustrate the cost difference between high and low deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Estimates do not factor in specific garaging location which can decrease or increase prices considerably.

Based on this data, using a $250 deductible will cost you approximately $31 more each month or $372 every year across all Toyota Prius models than requesting the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 24 months between claim filings, you would probably save some money by selecting a higher deductible.

How careless driving impacts auto insurance rates

The information below shows how speeding tickets and accidents can influence Toyota Prius auto insurance rates for different age groups. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

Cost comparison with and without full coverage

The information below compares Toyota Prius insurance costs with and without physical damage coverage. The data assumes no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

When to switch to liability coverage only

There is no set rule for dropping full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s pretend your Toyota Prius settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $8,000 after the policy deductible has been paid. If premium cost is more than $800 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where buying only liability insurance is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Three reasons insurance is important

Even though it can be expensive, buying insurance may be required and benefits you in several ways.

First, just about all states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a loan on your car, most lenders will make it mandatory that you buy insurance to protect their interest in the vehicle. If the policy lapses, the bank will be required to insure your Toyota for a much higher rate and require you to fork over the higher price.

Third, insurance protects both your car and your personal assets. Insurance will also pay for medical bills for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If your Toyota gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car more than cancel out the cost, particularly if you ever have a claim. Unknowingly, the average driver is overpaying more than $825 a year so it’s important to compare rates each time the policy renews to ensure rates are competitive.

Learn How to Lower Your Insurance Prices

Many different elements are considered when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but some are less obvious such as your marital status and annual miles driven. Part of the auto insurance buying process is learning some of the things that help calculate your premiums. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that will entitle you to much lower annual insurance costs.

The factors shown below are some of the factors utilized by car insurance companies to help set your rate level.

Don’t skimp on liability coverage – The liability coverage on your policy will provide protection if ever you are determined to be liable for damages caused by your negligence. It provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.

Drive a safer car and pay less – Safer cars tend to have better insurance rates. Highly rated vehicles protect occupants better and lower rates of occupant injuries translates into savings for insurance companies and cheaper rates on your policy.

More traffic equals higher prices – Being located in areas with lower population is a positive aspect if you are looking for the lowest rates. Fewer drivers on the road means fewer accidents. City drivers have to deal with traffic congestion and much longer commute distances. Higher commute times means a statistically higher chance of an accident.

Extra coverages you don’t need – There are a ton of extra coverages that sound like a good idea at the time when buying auto insurance. Coverage for things like rental car coverage, death and dismemberment, and motor club memberships could be just wasting money. These may sound like a good investment initially, but now you might not need them so consider taking them off your policy.

Don’t abuse claims – If you’re an insured who likes to file claims you can expect either higher rates or even cancellation. Auto insurance companies in Florida give the lowest premiums to policyholders who are not frequent claim filers. Your insurance policy is intended for larger claims.

Toyota Prius claim statistics – Insurers factor in insurance loss information when they file their rates in each state. Models that historically have a higher amount or frequency of claims will have higher rates. The table below outlines the compiled insurance loss statistics for Toyota Prius vehicles.

For each type of coverage, the claim probability for all vehicles, without regard to make or model, is represented as 100. Values below 100 suggest a positive loss record, while numbers above 100 indicate frequent claims or statistically larger claims.

Verify you’re receiving every discount

Companies offering auto insurance don’t always publicize the entire discount list very clearly, so the list below details both well-publicized as well as the least known discounts you could be receiving when you buy Orlando auto insurance online.

• Active Service Discounts – Being on active duty in the military could be rewarded with lower car insurance rates.
• Early Renewal Discounts – Select companies give a discount for renewing your policy prior to the expiration date on your current Prius insurance policy. This discount can save up to 10%.
• Responsible Driver Discounts – Accident-free drivers may save up to 50% more compared to rates paid by drivers with frequent claims.
• Bundled Policy Discount – When you combine your homeowners and auto insurance and insure them both with the same insurance company you could get a discount of nearly 15% which can help you find cheap Prius insurance.
• Senior Citizens – Drivers over the age of 55 may receive a discount up to 10%.

Don’t be shocked that most of the big mark downs will not be given to the whole policy. Most only cut the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like you would end up receiving a 100% discount, you aren’t that lucky.

The example below illustrates the comparison of Toyota Prius auto insurance costs with and without discounts applied to the rates. Data assumes a female driver, no claims or violations, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, homeowner, marriage, and multi-policy discounts applied.

Car insurance companies who might offer many of the previously listed discounts may include but are not limited to:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

Check with every prospective company how you can save money. Some discounts listed above might not be offered on policies in your state. To see a list of car insurance companies who offer car insurance discounts in Orlando, click this link.

When do I need an agent’s advice?

When choosing the right insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply.
These are some specific questions might point out if your insurance needs might need professional guidance.

• If my Toyota Prius is totaled, can I afford another vehicle?
• Are there companies who specialize in insuring high-risk drivers?
• Do I pay less for low miles?
• Am I covered when driving on a suspended license?
• Does my insurance cover my expensive audio equipment?
• What if I don’t agree with a claim settlement offer?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Neighborhood insurance agents

A small number of people just want to have an agent’s advice and that is just fine! One of the best bonuses of getting online price quotes is the fact that drivers can get the lowest rates and also buy local. Buying from and supporting local insurance agencies is especially important in Orlando.

To find an agent, once you fill out this form (opens in new window), your coverage information is instantly submitted to agents in your area who will gladly provide quotes for your business. You don’t have to contact any insurance agencies since price quotes are sent to the email address you provide. It’s the lowest rates without requiring a lot of work. If for some reason you want to quote rates from one company in particular, you just need to visit that company’s website and fill out their quote form.

If you need to find a local agent, you need to know there are two types of agencies from which to choose. Insurance policy providers can either be independent (non-exclusive) or exclusive.

Independent Agents

Agents in the independent channel often have affiliation with several companies so they can insure your vehicles with many different companies and find you the best rates. If you are not satisfied with one company, the business is moved internally without you having to go to a different agency. When comparison shopping, it’s a good idea to include price quotes from a few independent agents to maximize your price options.

Featured below are independent agents in Orlando who may be able to give you competitive price quotes.

More Orlando agents

Exclusive Insurance Agents

Agents of this type generally can only insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to provide rate quotes from other companies so it’s a take it or leave it situation. Exclusive agents are very knowledgeable on sales techniques and that allows them to sell at a higher price point.

Shown below are exclusive insurance agencies in Orlando that are able to give price quotes.

More Orlando agents

Picking the best auto insurance agent is decision based upon more than just a low price. A good agent in Orlando will have answers to these questions.

• Do you work with a CSR or direct with the agent?
• Will the quote change when the policy is issued?
• How is replacement cost determined on your vehicle?
• Do they feel the quoted coverages are adequate?
• If independent agents, which companies do they recommend?
• Do they offer accident forgiveness?
• Do they review policy coverages at every renewal?

How to find a good Florida auto insurance company

Finding a good quality car insurance company can be rather challenging considering how many choices drivers have in Florida. The ranking data displayed below can help you analyze which auto insurance companies to look at purchasing from.

Top 10 Orlando Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Orlando Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. The Hartford – A+
9. Allstate – A+
10. Nationwide – A+

Auto insurance savings summarized

We just presented a lot of tips how to get a better price on Toyota Prius insurance in Orlando. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding inexpensive Orlando auto insurance quotes. Consumers could even find that the lowest priced auto insurance comes from a smaller regional carrier. These smaller insurers may only write in your state and offer lower premium rates as compared to the big name companies such as Allstate or State Farm.

Affordable Toyota Prius insurance in Orlando can be purchased from both online companies in addition to many Orlando insurance agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who may not offer online price quotes and these regional carriers only sell through local independent agents.

As you prepare to switch companies, you should never buy poor coverage just to save money. Too many times, consumers will sacrifice comprehensive coverage or liability limits only to regret they didn’t have enough coverage. Your aim should be to find the BEST coverage for the lowest cost while still protecting your assets.

For more information, feel free to browse the articles below:

• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
• Who Has Affordable Orlando Auto Insurance Quotes for 18 Year Olds? (FAQ)
• Who Has Cheap Car Insurance for a Subaru Outback in Orlando? (FAQ)
• Who Has Cheap Auto Insurance Rates for Police Officers in Orlando? (FAQ)
• How Much are Car Insurance Quotes for Safe Drivers in Orlando? (FAQ)
• How Much is Auto Insurance for a Ford Explorer in Orlando? (FAQ)
• Teen Driving Statistics (GEICO)
• Safe Vehicles for Teens (iihs.org)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)