Sadly, a large majority of car insurance policyholders kept buying from the same company for over three years, and virtually 40% of consumers have never even shopped around for cheaper coverage. With the average car insurance premium being $2,700, Plano drivers could save almost $1,766 every year just by comparing rates, but they feel it’s too difficult to compare other rate quotes.
The easiest way to save on auto insurance rates is to make a habit of comparing prices annually from companies who provide auto insurance in Plano. Rate comparisons can be done by completing these steps.
Step 1: Take a little time to learn about how companies price auto insurance and the factors you can control to lower rates. Many risk factors that drive up the price like accidents, traffic violations, and an unacceptable credit history can be amended by making small lifestyle or driving habit changes.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO or Allstate, while independent agencies can quote rates for a wide range of insurance providers.
Step 3: Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save money and switch companies, make sure coverage does not lapse between policies.
The key thing to remember is to compare identical limits and deductibles on each quote and and to get price estimates from as many companies as you can. Doing this ensures a fair price comparison and a complete rate analysis.
If you are paying for car insurance now, you should be able to reduce premiums using the techniques presented in this article. Quoting and comparing rates for the cheapest auto insurance coverage in Plano is easy if you know what you’re doing. But Texas car owners do need to know how companies price online insurance and apply this information to your search.
Toyota Avalon detailed coverage information
The premium table shown below outlines estimates of insurance coverage prices for Toyota Avalon models. Having a better idea how car insurance prices are calculated is important for you to make decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Table data does not factor in specific zip code location which can increase or decrease price quotes substantially.
The information below demonstrates how deductibles and can affect Toyota Avalon insurance premiums for different ages of insureds. The information is based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
Male drivers compared to female drivers in Plano
The diagram below illustrates the comparison of Toyota Avalon car insurance rates for male and female drivers. The costs are based on no claims or violations, full coverage, $100 deductibles, marital status is single, and no discounts are applied to the premium.
How Insurance Companies Calculate Toyota Avalon Insurance Prices
A large part of saving on auto insurance is knowing some of the elements that go into determining the level of your policy premiums. If you know what determines premiums, this allows you to make good choices that could result in lower rates. Many factors are part of the calculation when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but other factors are less apparent such as your credit history or how safe your car is.
City traffic equals higher costs – Residing in a rural area has it’s advantages when buying auto insurance. Fewer drivers and short commutes means a lower chance of having an accident and also fewer theft and vandalism claims. Urban drivers have congested traffic and longer commutes to work. Longer commute distances means more chance of being in an accident.
Do you know your comp and collision deductibles? – Physical damage protection, also known as collision and other-than-collision, is used to repair damage to your Toyota. Examples of some claims that would be covered are a broken side mirror, flood damage, and damage caused by flying debris. Comprehensive and collision coverage deductibles are the amount of money you are required to pay if you file a covered claim. The more of the claim you have to pay, the better rate you will receive.
Getting married equates to better premiums – Your spouse may earn you lower rates compared to being single. It generally demonstrates drivers are more mature and responsible and insurance companies like that married couples file fewer claims.
Rates impacted by vehicle usage – The higher the miles on your Toyota each year the more you will pay for auto insurance. Most insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Autos used primarily for pleasure use can get a lower rate than those used for commuting. It’s a smart idea to ensure your auto insurance coverage shows the correct usage for each vehicle. Having the wrong rating on your Avalon is throwing money out the window.
Choose high safety ratings and save – Cars with five star safety ratings cost less to insure. Safe vehicles protect occupants better and lower rates of occupant injuries means less claims paid passed on to you as lower rates. If your Toyota Avalon scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
Toyota Avalon claim statistics – Car insurance companies analyze claim trends for every vehicle to help calculate a profitable premium price. Models that statistically have increased claim numbers or amounts will have a higher premium rate. The information below illustrates the historical insurance loss data for Toyota Avalon vehicles.
For each policy coverage, the statistical loss for all vehicles combined as an average is considered to be 100. Values under 100 suggest a better than average loss history, while values over 100 indicate more frequent losses or an increased likelihood of larger losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Avalon Hybrid||120||72||132||107||85||80|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare insurance prices regularly to save
Throughout this article, we presented some good ideas how to lower your Toyota Avalon insurance premium rates in Plano. The key thing to remember is the more rate quotes you have, the better your chances of lowering your prices. You may even discover the best premium rates are with a small mutual company.
There are still a few companies who may not offer the ability to get quotes online and usually these small, regional companies work with local independent agencies. Cheaper Toyota Avalon insurance in Plano is possible from both online companies and with local Plano insurance agents, and you should be comparing both so you have a total pricing picture.
Consumers switch companies for a number of reasons such as extreme rates for teen drivers, poor customer service, high prices or not issuing a premium refund. Whatever your reason, finding a great new company is actually quite simple.
Additional information is available at these links:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for Drivers Over Age 70 in Plano? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Low Credit Scores in Plano? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Honda Civic in Plano? (FAQ)
- How Much are Plano Car Insurance Quotes for Active Military? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Veterans in Plano? (FAQ)
- Child Safety Seats (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)