Find Cheaper Toyota Sienna Insurance in Plano

Insurance for Toyota SiennaTo save the most money, the best way to get more affordable Toyota Sienna insurance is to begin comparing prices regularly from providers in Plano.

First, take a few minutes and learn about how your policy works and the steps you can take to keep rates in check. Many rating criteria that increase rates like at-fault accidents and a poor credit rating can be eliminated by making minor changes to your lifestyle. This article provides the details to help keep prices low and find discounts that may have been missed.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like Progressive and State Farm, while independent agents can quote rates from multiple sources.

Third, compare the quotes to your current policy premium to see if you can save by switching companies. If you find a better price and decide to switch, make sure there is no lapse in coverage.

Fourth, provide adequate notice to your current company to cancel your current coverage. Submit payment along with a signed and completed policy application to the new company. Once coverage is bound, keep your new certificate verifying proof of insurance in an easily accessible location in your vehicle.

One thing to remember is to try to use the same coverage limits and deductibles on every price quote and to quote with as many different insurance providers as possible. This enables the most accurate price comparison and a thorough price selection.

Unbelievably, almost 70% of insureds in Texas have purchased from the same company for at least four years, and nearly the majority have never shopped around. Many consumers in the U.S. could save themselves 47% a year just by comparing rates, but they don’t believe how much savings they would realize if they switched to a cheaper policy.

Toyota Sienna insurance rates and statistics

The rate table shown next highlights a range of coverage costs for Toyota Sienna models. Being more informed about how prices are formulated is important for making smart buying decisions.

Toyota Sienna Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $190 $368 $392 $24 $118 $1,092 $91
Sienna LE $218 $368 $392 $24 $118 $1,120 $93
Sienna LE AWD $218 $368 $392 $24 $118 $1,120 $93
Sienna XLE $218 $368 $392 $24 $118 $1,120 $93
Sienna XLE AWD $218 $434 $392 $24 $118 $1,186 $99
Sienna Limited $246 $434 $392 $24 $118 $1,214 $101
Sienna Limited AWD $246 $434 $392 $24 $118 $1,214 $101
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Information does not factor in zip code location which can lower or raise rates considerably.

Physical damage deductible comparison

One of the most common auto insurance questions is where to set your physical damage deductibles. The rates below approximate the price difference of buying low and high insurance deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.

Toyota Sienna insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $256 $496 $382 $22 $114 $1,295 $108
Sienna LE $294 $496 $382 $22 $114 $1,333 $111
Sienna LE AWD $294 $496 $382 $22 $114 $1,333 $111
Sienna XLE $294 $496 $382 $22 $114 $1,333 $111
Sienna XLE AWD $294 $584 $382 $22 $114 $1,421 $118
Sienna Limited $332 $584 $382 $22 $114 $1,459 $122
Sienna Limited AWD $332 $584 $382 $22 $114 $1,459 $122
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Toyota Sienna insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $208 $400 $382 $22 $114 $1,126 $94
Sienna LE $240 $400 $382 $22 $114 $1,158 $97
Sienna LE AWD $240 $400 $382 $22 $114 $1,158 $97
Sienna XLE $240 $400 $382 $22 $114 $1,158 $97
Sienna XLE AWD $240 $472 $382 $22 $114 $1,230 $103
Sienna Limited $270 $472 $382 $22 $114 $1,260 $105
Sienna Limited AWD $270 $472 $382 $22 $114 $1,260 $105
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price information does not factor in Plano location which can raise or lower auto insurance rates considerably.

Based on the figures above, using a $250 deductible will cost in the ballpark of $15 more each month or $180 annually than quoting the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 17 months between claims, you would probably save some money if you choose the higher deductible.

The example below illustrates how choosing a deductible and can change Toyota Sienna insurance prices for each different age group. The premium estimates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

Drive safe and save

The chart below shows how speeding tickets and at-fault collisions raise Toyota Sienna auto insurance rates for each age group. The rates are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.

Yearly auto insurance costs for men versus women

The illustration below shows the comparison of Toyota Sienna insurance costs for male and female drivers. The information is based on no claims or driving violations, full coverage, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Full coverage or liability only

The information below compares Toyota Sienna insurance costs when comparing full coverage to state minimum liability only. The prices are based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

When to buy liability coverage only

There is no set rule of when to phase out comp and collision coverage, but there is a guideline you can use. If the annual cost of 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 Sienna replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $7,000 after paying the physical damage deductible. If you are paying in excess of $700 annually for physical damage coverage, then you might consider buying liability only.

There are a few cases where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Eight Tips to Get Lower-cost Plano Insurance Costs

Many things are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but other criteria are less apparent such as your credit history or your financial responsibility.

The items below are some of the items that factor into prices.

Do safer cars cost less to insure? – Vehicles with high crash test scores are cheaper to insure. Safer cars protect occupants better and fewer serious injuries means lower claim amounts and lower rates for you. If the Toyota Sienna earned at least four stars on you may pay a lower rate.

The more you drive the more you pay – Driving more miles in a year’s time the more it will cost to insure it. Most companies apply a rate based on their usage. Cars and trucks used primarily for pleasure use can get a lower rate than those used for commuting. Incorrect rating for your Sienna can result in significantly higher rates. It’s a good idea to make sure your policy properly reflects the correct driver usage.

Credit rating impact auto insurance prices – Having a bad credit rating is a big factor in determining what you pay. If your credit is low, you could pay less to insure your Toyota Sienna by improving your rating. Insureds with good credit tend to be better risks to insure than those with lower ratings.

Older drivers pay less – Youthful drivers in Texas are proven to be inattentive and easily distracted when driving therefore auto insurance rates are much higher. Parents adding a youthful driver to your auto insurance policy can really hurt. Older drivers are more cautious drivers, tend to file fewer claims, and tend to be get fewer driving tickets.

The next chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Pay more for higher performance vehicles – The make and model of the car you are insuring makes a significant difference in determining your rates. The most favorable rates are usually for lower cost passenger cars, but your final cost has many other factors.

The next chart uses these variables: single male driver age 40, full coverage with $250 deductibles, and no discounts or violations. It shows Toyota Sienna rates compared to other makes and models that have different risk factors.

Continuous auto insurance coverage lowers rates – Having a gap between insurance policy dates will be a sure-fire way to pay more for auto insurance. Not only will rates go up, the inability to provide proof of insurance may result in a hefty fine and possibly a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with the Texas DMV.

Getting married can save on auto insurance – Having a wife or husband actually saves money when buying auto insurance. Marriage generally demonstrates drivers are more stable financially and insurance companies like that married drivers tend to file fewer claims.

Multiple policies with one company – Most insurers will give a discount to buyers that have more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to comparison shop to help guarantee you have the best rates.

Insurance loss data for a Toyota Sienna – Companies analyze past claim statistics when setting premium costs. Models that the data determines to have higher claim frequency or loss amount will have a higher cost to insure.

The table below demonstrates the collected loss data for Toyota Sienna vehicles. For each type of coverage, the claim amount for all vehicles, regardless of make or model, is represented as 100. Numbers shown that are under 100 suggest losses that are better than average, while values over 100 show a trend for more claims or tendency to have higher losses.

Insurance Loss Ratings for Toyota Sienna Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Sienna 2WD 99 88 99 94 98 85
Toyota Sienna 4WD 106 94 102 75 65 73

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Texas auto insurance companies

Choosing a high-quality auto insurance company can be a challenge considering how many choices you have in Texas. The company rank data shown below may help you decide which insurers you want to consider when comparing rates.

Top 10 Plano Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

Top 10 Plano 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+

A conclusion for your insurance search

When searching for affordable Plano auto insurance quotes, you should never reduce coverage to reduce premium. In many cases, someone dropped full coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to buy a smart amount of coverage at a price you can afford but still have enough coverage for asset protection.

Lower-priced insurance in Plano is definitely available on the web and from local insurance agents, so get free Plano auto insurance quotes from both of them to get a complete price analysis. There are still a few companies who may not have the ability to get a quote online and many times these regional insurance providers prefer to sell through local independent agents.

Insureds who switch companies do it for many reasons like an unsatisfactory settlement offer, delays in responding to claim requests, policy cancellation or delays in paying claims. Regardless of your reason, finding a new company is not as hard as you think.

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