Cheapest Toyota Venza Insurance in Plano

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Discount Toyota Venza insuranceThe most effective way to find lower priced car insurance rates is to compare prices annually from insurance carriers in Plano.

  1. Read and learn about how insurance works and the things you can change to prevent rate increases. Many risk factors that increase rates like accidents, traffic tickets, and a bad credit rating can be improved by making minor driving habit or lifestyle changes. Later in this article we will cover additional tips to help prevent costly coverage and get additional discounts that may be available.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive and State Farm, while agents who are independent can provide price quotes from multiple sources.
  3. Compare the new rates to your existing policy and see if you can save money. If you can save money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Notify your agent or company of your decision to cancel the current policy. Submit the required down payment along with the signed application to the new insurer. Once coverage is bound, keep your new proof of insurance certificate with the vehicle registration.

A good tip to remember is to use similar deductibles and liability limits on every quote request and and to get rate quotes from as many carriers as you can. This enables a level playing field and a good representation of prices.

Shocking but true, a large majority of car insurance policyholders kept their coverage with the same car insurance company for more than four years, and nearly 40% of drivers have never shopped around. Drivers in Texas can save hundreds of dollars each year just by shopping around, but most tend to underestimate the benefits if they just switched companies.

Finding the cheapest car insurance coverage in Plano is easy if you know what you're doing. If you're already insured or just want to save money, you can follow these tips to reduce the price you pay without sacrificing coverage. Comparison shoppers just have to understand the least time-consuming way to find the lowest price online.

Companies offering cheap Toyota Venza price quotes in Plano, TX

The following companies can provide price quotes in Plano, TX. If multiple companies are listed, it's highly recommended you visit two to three different companies to find the most competitive auto insurance rates.

Rates and information analytics

The data table below covers estimates of insurance premium costs for Toyota Venza models. Having a good grasp of how policy rates are figured can aid in making smart choices when comparing insurance quotes.

Toyota Venza Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $264 $542 $462 $28 $138 $1,434 $120
Venza AWD 4-Dr $264 $542 $462 $28 $138 $1,434 $120
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in specific garaging location which can revise auto insurance rates considerably.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for auto insurance is where to set your physical damage deductibles. The rates shown below outline the rate fluctuation between low and high comp and collision deductibles. The first set of rates uses a $250 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Toyota Venza insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $332 $584 $382 $22 $114 $1,459 $122
Venza AWD 4-Dr $332 $584 $382 $22 $114 $1,459 $122
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Toyota Venza insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $206 $368 $382 $22 $114 $1,092 $91
Venza AWD 4-Dr $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in your specific Plano location which can increase or decrease premiums greatly.

We can estimate from the data above that using a $250 deductible will cost you about $31 more each month or $372 a year averaged for all Venza models than opting for the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 24 months between claim filings, you would save more money if you opt for a higher deductible.

Lower-cost Plano insurance rates with discounts

Insurance can cost an arm and a leg, but discounts can save money and there are some available that can help lower your rates. Some trigger automatically when you complete an application, but some discounts are required to be specially asked for before being credited.Cheaper insurance with discounts

  • Discounts for Cautious Drivers - Accident-free drivers can save as much as half off their rates than drivers with accident claims.
  • Paper-free Discount - A few larger online companies will give you a small discount for buying a policy and signing up online.
  • Use Seat Belts - Forcing all vehicle occupants to use their safety belts can save a little off PIP or medical payments premium.
  • More Vehicles More Savings - Buying coverage for all your vehicles on one policy may reduce the rate for each vehicle.
  • Anti-theft Discount - Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and will save you 10% or more on Venza insurance in Plano.
  • Pay Early and Save - By paying your policy upfront as opposed to paying monthly you could save 5% or more.
  • Military Discounts - Having a family member in the military could trigger a small discount.
  • Claim Free - Claim-free drivers pay less in comparison to drivers with a long claim history.
  • Auto/Home Discount - When you have multiple policies and insure them both with the same insurance company you could save up to 20% and get you affordable Toyota Venza insurance rates in Plano.
  • Telematics Discount - Insureds who allow driving data collection to spy on vehicle usage remotely such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they are good drivers.

A little note about advertised discounts, some of the credits will not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like it's possible to get free car insurance, it just doesn't work that way.

The chart below illustrates the comparison of Toyota Venza yearly insurance costs with and without discounts applied to the policy premium. The data is based on a female driver, no violations or accidents, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, marriage, multi-policy, homeowner, and claim-free discounts applied.

To view insurance companies that offer multiple discounts in Plano, click this link.

The Toyota Venza Insurance Rate Equation

Lots of factors are used when quoting car insurance. Some are pretty understandable such as your driving record, although others are not quite as obvious like your vehicle usage or how safe your car is.

The items below are most of the major factors used by insurance companies to determine your rates.

Discounts for married couples - Having a wife or husband may cut your premiums on your insurance policy. It translates into being more mature and insurance companies like that married drivers tend to have fewer serious accidents.

Cheaper prices for prior coverage - Driving without insurance coverage in place is a big no-no and companies may charge more for letting your insurance coverage expire. Not only will you pay higher rates, getting caught without coverage may earn you fines or a revoked license.

Your occupation is a factor - Jobs such as lawyers, executives, and stock brokers usually pay higher premium rates due to intense work situations and lots of time spent at work. On the other hand, careers like actors, engineers and retirees receive lower rates.

Rural vs Urban Areas - Choosing to live in smaller towns and rural areas of the country can save you money when insuring your vehicles. People in densely populated areas have traffic congestion and longer commutes to work. Fewer drivers and short commutes means reduced accidents as well as less vandalism and auto theft.

Toyota Venza insurance loss statistics - Insurance companies analyze the history of losses as a tool for profitable underwriting. Models that the data shows to have higher prevalence or dollar amount of losses will cost more to insure.

The table below illustrates the collected loss data for Toyota Venza vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of make or model, is set at 100. Values that are 100 or less imply a favorable loss record, while numbers shown that are more than 100 indicate frequent claims or larger claims.

Toyota Venza Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Venza 4dr 2WD 93 102 86 115 110 93
Toyota Venza 4dr 4WD 94 102 97 120 94 87
BETTER
AVERAGE
WORSE

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

When should I contact an insurance agent?

Some people prefer to have an agent's advice and that can be a smart move Most agents can point out coverage gaps and give you someone to call. One of the benefits of comparing insurance prices online is the fact that you can find cheap car insurance rates and also buy local.

To find an agent, once you fill out this form (opens in new window), the quote information is instantly submitted to insurance agents in Plano who can give free rate quotes for your car insurance coverage. You never need to contact any insurance agencies since price quotes are sent directly to you. If you have a need to quote rates from a specific company, just navigate to their website and complete a quote there.

Finding the right company needs to be determined by more than just the price. Here are some questions you should ask.

  • Do the agents have professional certifications like CPCU or CIC?
  • Does the agency have a positive business rating?
  • Is the agency involved in supporting local community causes?
  • Do they make recommendations based only on price?
  • Will high miles depreciate repair valuations?

Pick the best car insurance agent in Plano for you

If you are searching for a reliable insurance agent, you must know there are a couple types of insurance agents to choose from. Plano agents are either exclusive or independent agents depending on their company appointments. Either type can properly insure your vehicles, but it's important to know the difference in how they write coverage since it can affect buying decisions.

Exclusive Agencies

Agents that elect to be exclusive can only provide one company's prices such as Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agents are usually quite knowledgeable on their company's products and that enables them to sell even at higher rates. A lot of people choose to use a exclusive agent primarily because of the brand legacy instead of buying on price only.

Below is a short list of exclusive insurance agents in Plano that can give you comparison quotes.

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Independent Car Insurance Agencies

Independent agents do not have single company limitations and that allows them to write policies with any number of different companies and find you cheaper rates. If they quote lower rates, your agent can switch companies and that require little work on your part. If you need lower rates, it's recommended you get quotes from independent agents in order to compare the most rates. They also have the ability to place coverage with additional companies that you may not be familiar with which may have better rates.

Shown below is a list of independent insurance agencies in Plano willing to provide rate quotes.

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You can lower your car insurance rates

When getting Plano car insurance quotes online, it's a bad idea to reduce coverage to reduce premium. There have been many cases where someone dropped full coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

You just read many tips how you can save on Toyota Venza insurance in Plano. The key concept to understand is the more times you quote, the better your comparison will be. Consumers could even find that the lowest priced car insurance comes from some of the smallest insurance companies.

Insureds who switch companies do it for many reasons like being labeled a high risk driver, high rates after DUI convictions, questionable increases in premium or delays in paying claims. Regardless of your reason for switching companies, finding a great new company is pretty simple and you could end up saving a buck or two.

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