Affordable Toyota Prius V Insurance in Plano

The easiest way to get cheaper Toyota Prius V insurance in Plano is to start doing an annual price comparison from insurers in Texas.

An essential thing to point out is to compare similar deductibles and liability limits on each price quote and and to compare as many different insurance providers as possible. Doing this ensures a fair rate comparison and a thorough selection of prices.

Discount Toyota Prius V insuranceAmazingly, a recent study showed that nearly 70% of Texas drivers have purchased from the same company for at least four years, and almost half have never even compared rates from other companies. With the average insurance premium being $1,847, American drivers could cut their rates by up to $860 a year just by shopping around, but most undervalue the benefits if they just switched companies.

Plano Insurance Premiums are Influenced by These Factors

The best way to find cheaper auto insurance is to take a look at some of the elements that help determine your auto insurance rates. When consumers understand what determines base rates, this enables you to make decisions that can earn you much lower annual insurance costs. Many different elements are considered when pricing auto insurance. A few of the factors are predictable such as your driving history, although some other factors are less obvious such as your credit history or how safe your car is.

Defend yourself with liability insurance – Your auto insurance policy’s liability coverage kicks in in the event that you are ruled to be at fault for causing personal injury or damage in an accident. It provides for a legal defense up to the limits shown on your policy. It is affordable coverage when compared to the cost of physical damage coverage, so do not cut corners here.

Premiums drop with age – Older drivers are proven to be safer behind the wheel, file fewer claims, and tend to be get fewer driving tickets. Young drivers are statistically proven to be careless and easily distracted behind the wheel and because of this, their auto insurance rates are much higher.

Good credit saves on auto insurance – An insured’s credit rating factor in your rate calculation. If your credit can be improved, you could pay less to insure your Toyota Prius V by improving your rating. Insureds that have high credit ratings tend to be less risk to insure than drivers with lower credit ratings.

More than one policy can earn a discount – Most auto insurance companies will award better rates to people who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount consumers should still shop around to confirm you are receiving the best rates possible.

Accidents will cost you – How you drive impacts your car insurance rates tremendously. Having a single citation may cause rates to rise substantially. Attentive drivers tend to pay less for car insurance as compared to those with violations. People who have dangerous violations such as DWI, reckless driving or hit and run convictions may find they need to complete a SR-22 with their state motor vehicle department in order to drive a vehicle legally.

If you don’t need it don’t buy it – Policies have extra coverages that you can get tricked into buying if you don’t pay attention. Insurance for personal injury protection, towing coverage, and extra equipment coverage may not be needed and are just wasting money. The coverages may be enticing initially, but if you have no use for them eliminate them to save money.

More people means more accidents – Residing in less populated areas of the country is a good thing when trying to find low car insurance rates. Urban drivers tend to have more road rage incidents and more time behind the wheel. Fewer drivers translates into fewer accident claims and lower theft and vandalism rates.

Toyota Prius V claim probability – Car insurance companies factor in historical loss data in order to profitably underwrite each model. Models that are shown to have higher losses will be charged more to insure. The next table shows the insurance loss data used by companies for Toyota Prius V vehicles.

For each coverage type, the loss probability for all vehicles averaged together equals 100. Numbers that are below 100 indicate better than average losses, while values that are above 100 show a trend for more claims or an increased likelihood of larger losses.

Toyota Prius V Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Prius V Hybrid 94 86 88 88 94 97

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

Plano car insurance companies ranked

Buying coverage from the best car insurance company is difficult considering how many companies there are in Texas. The ranking data in the lists below may help you pick which auto insurance companies to look at comparing rates from.

Best Car Insurance Companies in Plano
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: Best Car Insurance Companies

Be persistent to save money

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your aim should be to buy the best coverage you can find at the best cost.

Insureds leave their current company for many reasons like policy non-renewal, denial of a claim, not issuing a premium refund or even questionable increases in premium. Regardless of your reason, finding the right insurance provider is pretty easy and you might even save some money in the process.

Throughout this article, we presented a lot of information how to reduce Toyota Prius V insurance rates online in Plano. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may even find the lowest priced insurance comes from an unexpected company.

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