Compare Toyota Prius Insurance Rates in Plano

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The best way to get more affordable Toyota Prius insurance is to compare quotes annually from companies in Plano. Rate comparisons can be done by completing these steps.

  • First, try to learn a little about how car insurance works and the changes you can make to prevent high rates. Many rating criteria that drive up the price such as distracted driving and a bad credit rating can be eliminated by improving your driving habits or financial responsibility. Later in this article we will cover information to help keep prices low and get bigger discounts that may have been overlooked.
  • Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agencies can quote prices for a wide range of insurance providers. Compare rates
  • Third, compare the new rate quotes to your existing rates to determine if switching companies saves money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
  • Fourth, tell your current agent or company of your decision to cancel your current auto insurance policy. Submit the signed application along with the required initial payment for your new coverage. Once the application is submitted, place your new certificate verifying coverage along with the vehicle's registration papers.

One tip to remember is to make sure you enter identical coverage information on every quote and and to get rates from as many auto insurance providers as possible. Doing this ensures the most accurate price comparison and a complete price analysis.

Insurance quote for Toyota Prius in PlanoUnbelievably, a large majority of consumers kept buying from the same company for more than four years, and just under half have never quoted rates to find affordable coverage. American drivers could save themselves as much as 47% a year just by shopping around, but they don't know the benefits if they switched to a more affordable policy.

Finding the cheapest insurance coverage in Plano can be much easier if you know how to start. If you have a current insurance policy or are looking for a new policy, take advantage of these tips to cut your premiums without reducing protection. Consumers just have to understand how to get comparison quotes from many different companies.

Best Toyota Prius insurance rates in Texas

The auto insurance companies shown below can provide comparison quotes in Plano, TX. To find cheap car insurance in TX, we recommend you compare several of them in order to get a fair rate comparison.

Car insurance data for a Toyota Prius

The coverage information shown below showcases different coverage costs for Toyota Prius models. Understanding how insurance prices are figured can benefit drivers when making smart choices when buying a policy.

Toyota Prius Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $286 $486 $340 $20 $102 $1,234 $103
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Table data does not factor in specific Plano garaging location which can alter price quotes considerably.

Higher deductibles lower rates

When comparing car insurance rates, the most common question is how high or low should comp and collision deductibles be. The rates shown below can help you visualize the difference in cost when you select higher and lower policy deductibles. The first rate table uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Toyota Prius insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $370 $592 $324 $20 $96 $1,427 $119
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Toyota Prius insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $270 $400 $324 $20 $96 $1,110 $93
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific garaging location which can increase or decrease premium rates considerably.

Using the data above, we can ascertain that using a $100 deductible will cost you about $26 more each month or $312 for a full year averaged for all Prius models than opting for the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claims, you would most likely save money if you opt for a higher deductible. Here's an example of how this determination is made.

Average monthly premium for $100 deductibles: $119
Average monthly premium for $500 deductibles (subtract): - $93
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important issue to know is that a higher deductible results in more money out-of-pocket when you have a physical damage claim. You should have some money saved in the event you need to pay the higher deductible.

Full coverage or liability only

The illustration below visualizes the comparison of Toyota Prius car insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are applied.

When to stop buying comprehensive and collision coverage

There is no exact formula of when to phase out full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the vehicle's replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Toyota Prius replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $3,000 after the policy deductible has been paid. If you are paying over $300 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Smart Choices Result in Lower Insurance Costs

Lots of things are part of the equation when premium rates are determined. Some are obvious like a motor vehicle report, but other criteria are more transparent like your vehicle usage or how financially stable you are.

High performance vehicles cost more to insure - The performance of the car you are trying to find cheaper insurance for makes a big difference in the rate you pay. The cheapest rates tend to be for lower performance four cylinder passenger vehicles, but your final cost has many other factors.

The chart below assumes a married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It compares Toyota Prius rates compared to other models of vehicles that have a range of risk factors.

Bad credit will cost you - Your credit score is a large factor in your rate calculation. People with very high credit ratings tend to be better drivers and file fewer claims than drivers who have lower ratings. If your credit history can be improved, you could pay less to insure your Toyota Prius by spending a little time repairing your credit.

Premiums increase with driving tickets - Drivers who don't get tickets pay less for auto insurance as compared to those with violations. Having just one moving violation could increase your next policy renewal to the point where it's not affordable. Drivers who have received severe citations such as DUI, reckless driving or excessive speeding might be required by their state to complete a SR-22 with their state's licensing department in order to legally drive a vehicle.

The chart below shows how violations and at-fault fender-benders increase Toyota Prius insurance prices for different ages of insureds. The premiums assume a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

Raise your comp and collision deductibles for better rates - Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. A few examples of covered claims are a dented fender, collision with an animal, and having your car stolen. Deductibles for physical damage state the amount of money you are required to pay if you file a covered claim. The more expense you choose to pay out-of-pocket, the less money you will pay for car insurance.

Is your vehicle theft-ready? - Purchasing a vehicle with advanced anti-theft systems can help bring down rates. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent car theft.

The more you drive the more you pay - The more miles you rack up on your Toyota every year the more you'll pay to insure it. The majority of insurers charge to insure your cars determined by how the vehicle is used. Vehicles used primarily for pleasure use cost less to insure than vehicles that are driven to work every day. It's a good idea to make sure your vehicle rating is showing the right rating data, because improper ratings can cost you money. A policy that improperly rates your Prius can result in significantly higher rates.

Does car insurance cost more for males? - Statistics show women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Males and females are responsible for accidents in similar numbers, but the men tend to have higher claims. They also receive more major tickets like driving under the influence (DUI).

The information below shows the difference between Toyota Prius yearly insurance costs for male and female drivers. The rates are based on no claims or violations, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied.

Age of drivers - More mature drivers tend to be more responsible, tend to file fewer claims, and get fewer tickets. Youthful drivers are proven to be less responsible when driving with friends therefore car insurance rates are much higher.

The data below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

Toyota Prius claim data - Companies analyze past claim statistics to help set a rate to offset losses. Models that tend to have higher claim frequency or loss amount will have higher premium rates. The table below shows the loss history for Toyota Prius vehicles.

For each policy coverage type, the statistical loss for all vehicles compiled together is represented as 100. Values that are under 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 point to more frequent losses or statistically larger claims.

Toyota Prius Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Prius C Hybrid 113 100 87 120 121 113
Toyota Prius Hybrid 101 97 98 103 118 103
Toyota Prius Plug-in Hybrid 98 89 87 106 114 93
Toyota Prius V Hybrid 94 86 88 88 94 97
BETTER
AVERAGE
WORSE

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

Do you qualify for discounts on Toyota Prius insurance in Plano?

Companies don't always list every possible discount in a way that's easy to find, so the below list has some of the more common as well as some of the hidden discounts that may be available.Cheaper auto insurance with discounts

  • Discounts for Seat Belt Usage - Drivers who require all vehicle occupants to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
  • Active Military Service - Being on active deployment in the military could be rewarded with lower premium rates.
  • Good Student Discount - Performing well in school can save 20 to 25%. This discount can apply up until you turn 25.
  • Senior Citizens - If you're over the age of 55, you may be able to get a small decrease in premiums.
  • Own a Home and Save - Owning a house in Plano can help you save on auto insurance because of the fact that having a home shows financial diligence.
  • Pay Now and Pay Less - By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Driving Data Discount - Insureds that choose to allow their auto insurance company to monitor when and where they use their vehicle by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they show good driving skills.
  • Organization Discounts - Being in a qualifying organization is a good way to get lower rates when getting a Plano car insurance quote.

Consumers should know that some of the credits will not apply to your bottom line cost. The majority will only reduce individual premiums such as medical payments or collision. So when it seems like adding up those discounts means a free policy, you aren't that lucky.

The illustration below visualizes the comparison of Toyota Prius insurance prices with and without discounts applied to the policy premium. The data assumes a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, safe-driver, multi-car, homeowner, and claim-free discounts applied.

Popular auto insurance companies and their possible discounts are shown below.

  • State Farm has discounts for defensive driving training, accident-free, safe vehicle, anti-theft, and good student.
  • Liberty Mutual includes discounts for teen driver discount, multi-car, newly married, preferred payment discount, and good student.
  • American Family offers discounts including good driver, bundled insurance, defensive driver, air bags, Steer into Savings, and good student.
  • Progressive offers discounts for multi-vehicle, online signing, homeowner, continuous coverage, good student, and multi-policy.
  • Farmers Insurance has savings for switch companies, bundle discounts, early shopping, mature driver, teen driver, business and professional, and distant student.
  • Auto-Owners Insurance may offer discounts for mature driver, group or association, safe vehicle, multiple vehicles, anti-theft, paperless, and good student.
  • SAFECO may include discounts for teen safety rewards, drive less, teen safe driver, accident prevention training, and anti-lock brakes.

Before buying, ask every insurance company how many discounts you can get. Savings may not apply to policyholders in Plano. To choose providers that offer some of these discounts in Texas, follow this link.

You may want advice from an insurance agency

Some people prefer to get advice from a local agent and that can be a smart move Insurance agents can answer important questions and will help you if you have claims. An additional benefit of getting free rate quotes online is the fact that drivers can get better rates but also keep your business local.

Find insurance agent in PlanoOnce you complete this form (opens in new window), the coverage information is submitted to local insurance agents in Plano that can give you free Plano car insurance quotes to get your business. There is no need to contact an agency because quoted prices will be sent to you directly. If you need to quote rates for a specific company, you can always find their quoting web page to submit a rate quote request.

Picking an company is decision based upon more than just a cheap quote. These questions are important to ask:

  • Will the agent help in case of a claim?
  • How much will you save each year by using a higher deductible?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Which company do they place the most coverage with?
  • Is there a local claims center in Plano?
  • Do they feel the quoted coverages are adequate?
  • Who are their largest clients?

Choose an insurance agent wisely

When narrowing the list to find a reputable agency, there are a couple of different agency structures that you can choose from. Agencies in Plano are considered either exclusive agents or independent agents. Either one can properly insure your vehicles, but it's important to know the difference in how they write coverage since it may influence your selection of an agent.

Exclusive Insurance Agencies

Exclusive agencies work for only one company such as Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to shop your coverage around so they have to upsell other benefits. Exclusive insurance agents are well schooled on their company's products and that can be a competitive advantage.

Listed below are exclusive insurance agencies in Plano who may provide you with price quotes.


9720 Coit Rd #140 - Plano, TX 75025 - (214) 618-5700 - View Map


2500 Dallas Pkwy Ste 150 - Plano, TX 75093 - (972) 312-1800 - View Map


5809 Preston Rd #586 - Plano, TX 75093 - (972) 378-1024 - View Map

More Plano agents

Independent Agents (or Brokers)

Independent insurance agents often have affiliation with several companies and that allows them to write policies with a variety of different insurance companies and get the cheapest rates. To transfer your coverage to a different company, they simply move your policy to a different company and you don't have to do anything.

If you are comparing auto insurance prices, you will want to include rate quotes from multiple independent agents to have the best price comparison.

Listed below are independent insurance agents in Plano that can give you price quotes.


3275 Independence Pkwy - Plano, TX 75075 - (972) 519-5435 - View Map

Best Insurance Agent
4332 Belvedere Dr - Plano, TX 75093 - (972) 398-2697 - View Map


2770 Main St #104 - Frisco, TX 75033 - (972) 380-6677 - View Map

More Plano agents

Which car insurance company is best in Plano?

Selecting the top car insurance company can be a challenge considering how many different insurance companies sell coverage in Plano. The information shown below could help you select which insurers you want to consider when comparing rates.

Plano, Texas Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Affordable car insurance rates are available

As you restructure your insurance plan, don't be tempted to skimp on coverage in order to save money. In many instances, consumers will sacrifice collision coverage only to discover later that it was a big error on their part. Your focus should be to buy a smart amount of coverage at the lowest possible cost while not skimping on critical coverages.

Throughout this article, we presented quite a bit of information on how to compare Toyota Prius insurance rates in Plano. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with some of the lesser-known companies. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.

Much more information about car insurance in Texas is located at the links below