Compare Toyota Prius Insurance Quotes in Miami

Think you have an expensive auto insurance policy? You’re in good company because there are many Miami consumers feeling the pinch from expensive auto insurance.

Smart shoppers know that auto insurance companies don’t want policyholders to compare prices from other companies. People who shop for lower prices will presumably switch to a new company because they have a good chance of finding a lower rate. A study showed that drivers who compared price quotes annually saved approximately $850 each year compared to other drivers who never compared rates.

If finding the cheapest price for auto insurance is the reason you’re here, then having an understanding of how to get free comparison quotes and analyze insurance can help simplify the task of finding more affordable coverage. Big companies like Allstate, Progressive and GEICO increase brand awareness with fancy advertisements and consumers find it hard to ignore the flying pigs and cute green geckos and find the best price available.

If you’re already insured or need new coverage, you can learn to save money and still get good coverage. Buying the cheapest auto insurance in Miami can be easy if you know a few tricks. Comparison shoppers just have to understand the tricks to shop for auto insurance from multiple carriers.

Take these nine policy discounts and save on Toyota Prius insurance in Miami

Some companies don’t necessarily list all possible discounts very well, so the list below details some of the more common and also the more inconspicuous credits that may apply to you.

• Include Life Insurance and Save – Larger insurance companies have a lower price if you buy auto and life insurance together.
• Multi-policy Discount – When you combine your home and auto insurance with one company you could get a discount of up to 20% and get you cheaper Prius insurance.
• Paperless Signup – Some companies provide a small discount just for signing your application digitally online.
• One Accident Forgiven – Not necessarily a discount, but a handful of insurance companies will allow you to have one accident without raising rates so long as you are claim-free for a certain period of time.
• Military Deployment Discount – Being deployed with a military unit could mean lower prices.
• Save over 55 – Drivers over the age of 55 are able to get a small decrease in premiums.
• No Claim Discounts – Drivers who don’t have accidents have much lower rates in comparison to frequent claim filers.
• Own a Home – Simply owning a home may earn you a small savings because it is proof that your finances are in order.
• Seat Belts Save more than Lives – Drivers who require all occupants to use a seat belt could save 15% off the medical payments premium.

One last thing about discounts, some of the credits will not apply to all coverage premiums. Most cut the price of certain insurance coverages like liability and collision coverage. So even though you would think adding up those discounts means a free policy, it just doesn’t work that way.

The chart below shows the comparison of Toyota Prius annual premium costs with and without discounts. The prices are based on a female driver, no accidents or driving violations, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, multi-car, safe-driver, and claim-free discounts applied.

Companies and their possible discounts are included below.

• Progressive includes discounts for online quote discount, homeowner, multi-vehicle, good student, continuous coverage, and online signing.
• Farmers Insurance has discounts for homeowner, early shopping, alternative fuel, electronic funds transfer, bundle discounts, and switch companies.
• Farm Bureau has savings for renewal discount, driver training, safe driver, multi-vehicle, and 55 and retired.
• State Farm offers discounts including driver’s education, Steer Clear safe driver discount, accident-free, multiple policy, multiple autos, and passive restraint.
• GEICO policyholders can earn discounts including federal employee, multi-policy, driver training, good student, and five-year accident-free.
• SAFECO offers discounts for accident prevention training, safe driver, drive less, teen safety rewards, homeowner, teen safe driver, and bundle discounts.
• Liberty Mutual offers premium reductions for preferred payment discount, teen driver discount, new graduate, safety features, good student, and multi-car.

If you need affordable Miami auto insurance quotes, ask all the companies which discounts you may be entitled to. Some discounts listed above may not be available in your state. To see a list of companies who offer car insurance discounts in Florida, click here.

The providers in the list below have been selected to offer price quotes in Miami, FL. In order to find cheap car insurance in Miami, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Toyota Prius detailed coverage information

The premium information shown next showcases detailed analysis of insurance premium costs for Toyota Prius models. Knowing how premiums are formulated is important for you to make smart choices when comparing insurance quotes.

Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in zip code location which can increase or decrease auto insurance rates greatly.

Analysis of deductible levels

When buying auto insurance, a common question is how low should you set your deductibles. The following tables can help show the difference in cost when you choose different deductibles. The first data table uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $31 more each month or $372 a year across all Toyota Prius models than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 24 months between claim filings, you would more than likely save some money by selecting a higher deductible. Here is an example of how you can do this calculation yourself.

An important thing to remember is that raising deductibles to save money means you will have to pay more of your own money if you have a claim. You will want to have enough money in the bank in the event you have to pay the higher deductible.

The chart below demonstrates how deductible levels and can affect Toyota Prius premium costs for different age groups of insureds. The premiums are based on a single female driver, full coverage, and no discounts are taken into consideration.

Impact of careless driving on Miami auto insurance rates

The example below illustrates how speeding tickets and accident claims can affect Toyota Prius auto insurance rates for different age categories. Data assumes a single female driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

Toyota Prius insurance costs by gender and age in Miami

The diagram below shows the difference between Toyota Prius car insurance costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied to the premium.

Does full coverage make sense?

The diagram below shows the difference between Toyota Prius premium costs with and without full coverage. The prices are based on no claims or violations, $500 deductibles, single status, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no definitive rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Toyota Prius replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after paying your deductible. If you are paying over $800 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where buying only liability insurance is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage.

Auto insurance agents are trained to help

A small number of people would prefer to get advice from a local agent and that is a personal choice. Good agents can point out coverage gaps and help you file claims. A good thing about getting online price quotes is that you can obtain cheaper rates but still work with a licensed agent. And providing support for small agencies is important especially in Miami.

To find an agent, once you fill out this short form, your coverage information is emailed to participating agents in Miami who will give competitive quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to contact any insurance agencies because quoted prices will be sent instantly to you. If for some reason you want to get a rate quote for a specific company, don’t hesitate to jump over to their website and submit a quote form there.

Shown below are Miami car insurance companies willing to provide rate quotes for Toyota Prius insurance in Miami.

View more agents

Selecting a provider shouldn’t rely on just the quoted price. Any agent in Miami should be forthright in answering these questions:

• Is the agent and/or agency licensed to do business in Florida?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• If they are an independent agency in Miami, which companies do they recommend?
• Do they regularly work with personal auto policies in Miami?
• Are there any discounts for paying up front?

Florida auto insurance companies ranked

Insuring your vehicle with the top auto insurance company is difficult considering how many companies sell coverage in Miami. The company ratings listed below may help you decide which coverage providers to look at when comparing rate quotes.

Top 10 Miami 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%

Car insurance 101

Knowing the specifics of your auto insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and damage to your Toyota Prius.

Since many Florida drivers carry very low liability coverage limits (Florida limits are 10/20/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Liability coverages

This coverage protects you from injuries or damage you cause to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 10/20/10 which stand for a limit of $10,000 per injured person, $20,000 for the entire accident, and a limit of $10,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like repair costs for stationary objects, legal defense fees and structural damage. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford. Florida requires drivers to carry at least 10/20/10 but it’s recommended drivers buy more liability than the minimum.

The chart below shows why buying minimum limits may not be adequate coverage.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, a broken windshield and vandalism. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as backing into a parked car, scraping a guard rail, crashing into a ditch and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible on your Prius to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like nursing services, chiropractic care and dental work. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Lower rates by being persistent

When trying to cut insurance costs, never skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice liability limits or collision coverage only to find out that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.

We just showed you a lot of ways to compare Toyota Prius insurance premium rates in Miami. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding low cost Miami auto insurance quotes. You may even discover the lowest priced auto insurance comes from a small local company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

Steps to finding better rates for Toyota Prius insurance in Miami

The best way to find more affordable Toyota Prius insurance in Miami is to regularly compare price quotes from insurers who sell insurance in Florida. Price quotes can be compared by following these steps.

First, try to understand how your policy works and the measures you can control to keep rates down. Many factors that cause rate increases like traffic citations, accidents, and a not-so-good credit history can be improved by paying attention to minor details.

Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple insurance companies.

Third, compare the price quotes to the price on your current policy and determine if cheaper Prius coverage is available. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.

Fourth, give notification to your current company to cancel your existing policy and submit payment and a signed application to the newly selected company. Once the paperwork is finalized, store the proof of insurance certificate in an easily accessible location in your vehicle.

One important bit of advice is to make sure you’re comparing the same amount of coverage on every quote and and to get quotes from as many companies as feasibly possible. Doing this ensures an accurate price comparison and the best price selection.

More tips and info about auto insurance is located in the articles below:

• Drunk Driving Statistics (Insurance Information Institute)
• What Insurance is Cheapest for High School Students in Miami? (FAQ)
• Who Has the Cheapest Miami Car Insurance Rates for a Honda CR-V? (FAQ)
• How Much are Car Insurance Quotes for a Jeep Wrangler in Miami? (FAQ)
• How Much is Car Insurance for Postal Workers in Miami? (FAQ)
• What Auto Insurance is Cheapest for a Hyundai Santa Fe in Miami? (FAQ)
• Tools for Teen Driving Safety (State Farm)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• Auto Insurance for Teen Drivers (Insurance Information Institute)
• Teen Driving Statistics (GEICO)