It’s hard to believe, but almost 70% of insureds kept buying from the same company for at least four years, and nearly half have never shopped around. Miami drivers could save approximately 55% a year just by comparing rates, but they just assume it’s a time-consuming process to compare rate quotes online.
It takes a little time, but the best way to get more affordable Toyota Yaris insurance is to start comparing prices yearly from insurance carriers who sell auto insurance in Miami.
- Get an understanding of how auto insurance works and the things you can control to keep rates down. Many policy risk factors that cause rate increases such as traffic violations, accidents, and a poor credit rating can be improved by making small lifestyle or driving habit changes.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can provide rate quotes for a wide range of companies.
- Compare the quotes to your existing rates to see if cheaper Yaris coverage is available. If you find a lower rate quote and decide to switch, ensure coverage does not lapse between policies.
- Provide notification to your current agent or company of your intent to cancel your current auto insurance policy. Submit the application along with any required down payment to the newly selected company. Once coverage is bound, safely store the certificate verifying proof of insurance along with the vehicle’s registration papers.
One piece of advice is to compare the same physical damage deductibles and liability limits on each quote request and and to look at every company you can. Doing this provides a fair rate comparison and the best price quote selection.
Finding cheaper Miami auto insurance rates is surprisingly easy. Drivers just need to take time getting comparison quotes to find out which insurance company has the cheapest Toyota Yaris rate quotes.
The following companies offer price comparisons in Florida. To get cheap car insurance in FL, we suggest you visit as many as you can to get a more complete price comparison.
Get cheaper Toyota Yaris insurance rates in Miami
Car insurance is not inexpensive, but there’s a good chance there are discounts that can help lower your rates. A few discounts will automatically apply at the time of quoting, but some must be inquired about prior to receiving the credit.
- Telematics Discount – People who choose to allow driving data collection to scrutinize driving manner by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if they are good drivers.
- Government Employees – Simply working for the federal government can earn a discount up to 10% with certain companies.
- Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts can receive discounts of up to 25% or more.
- Own a Home – Owning your own home or condo can help you save on car insurance because of the fact that having a home is proof of financial responsibility.
- Early Renewal Discounts – Some companies reward drivers for signing up before your current Yaris insurance policy expires. It could save around 10% when you buy Miami car insurance online.
- Discounts for Good Drivers – Drivers without accidents can pay as much as 50% less than drivers with accident claims.
- Multi-car Discount – Drivers who insure all your vehicles with the same car insurance company can reduce rates for all insured vehicles.
- Discount for Life Insurance – Not all companies offer life insurance, but some may give you a small discount if you purchase life insurance.
You can save money using discounts, but some of the credits will not apply to the whole policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way.
The chart below visualizes the comparison of Toyota Yaris car insurance rates with and without policy discounts. The prices are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, claim-free, multi-policy, and multi-car discounts applied.
Popular car insurance companies and a partial list of their discounts are outlined below.
- Esurance may include discounts for defensive driver, online shopper, claim free, emergency road assistance, paid-in-full, and DriveSense.
- The Hartford has savings for good student, air bag, vehicle fuel type, defensive driver, and anti-theft.
- AAA policyholders can earn discounts including education and occupation, anti-theft, good driver, multi-car, good student, pay-in-full, and multi-policy.
- GEICO may have discounts that include emergency military deployment, multi-policy, federal employee, anti-lock brakes, and five-year accident-free.
- State Farm has discounts for passive restraint, safe vehicle, good driver, Drive Safe & Save, and good student.
Check with all companies you are considering which discounts you qualify for. Discounts might not be available to policyholders in your area. To see insurers with the best Toyota Yaris insurance discounts in Florida, click this link.
Coverage statistics and figures
The premium information displayed below covers a range of coverage costs for Toyota Yaris models. Learning a little about how car insurance prices are formulated is important for you to make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $268 | $636 | $494 | $30 | $148 | $1,576 | $131 |
| Yaris 4-Dr Hatchback | $268 | $636 | $438 | $26 | $132 | $1,500 | $125 |
| Yaris 4-Dr Sedan | $268 | $636 | $438 | $26 | $132 | $1,500 | $125 |
| Yaris S 2-Dr Hatchback | $308 | $636 | $494 | $30 | $148 | $1,616 | $135 |
| Yaris S 4-Dr Hatchback | $308 | $636 | $438 | $26 | $132 | $1,540 | $128 |
| Yaris S 4-Dr Sedan | $308 | $636 | $438 | $26 | $132 | $1,540 | $128 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in garaging location in Miami which can affect insurance rates noticeably.
Rate comparison for different deductibles
One frequently asked question is how high or low should comp and collision deductibles be. The comparison tables below can help illustrate the differences in price when you choose different physical damage coverage deductibles. The first rate table uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $312 | $648 | $472 | $28 | $142 | $1,627 | $136 |
| Yaris 4-Dr Hatchback | $312 | $648 | $418 | $24 | $124 | $1,551 | $129 |
| Yaris 4-Dr Sedan | $312 | $648 | $418 | $24 | $124 | $1,551 | $129 |
| Yaris S 2-Dr Hatchback | $358 | $648 | $472 | $28 | $142 | $1,673 | $139 |
| Yaris S 4-Dr Hatchback | $358 | $648 | $418 | $24 | $124 | $1,597 | $133 |
| Yaris S 4-Dr Sedan | $358 | $648 | $418 | $24 | $124 | $1,597 | $133 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $174 | $342 | $472 | $28 | $142 | $1,158 | $97 |
| Yaris 4-Dr Hatchback | $174 | $342 | $418 | $24 | $124 | $1,082 | $90 |
| Yaris 4-Dr Sedan | $174 | $342 | $418 | $24 | $124 | $1,082 | $90 |
| Yaris S 2-Dr Hatchback | $200 | $342 | $472 | $28 | $142 | $1,184 | $99 |
| Yaris S 4-Dr Hatchback | $200 | $342 | $418 | $24 | $124 | $1,108 | $92 |
| Yaris S 4-Dr Sedan | $200 | $342 | $418 | $24 | $124 | $1,108 | $92 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rates do not factor in Miami location which can decrease or increase coverage prices significantly.
Based on these figures, using a $100 deductible could cost the average driver approximately $40 more each month or $480 annually averaged for all Yaris models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 23 months between claim filings, you would more than likely save some money if you elect the higher deductible.
The example below illustrates how your choice of deductibles and can impact Toyota Yaris insurance rates for different age groups of insureds. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
Rate comparison of males versus females in Miami
The chart below shows the comparison of Toyota Yaris premium costs for male and female drivers. Data assumes no tickets, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
Does full coverage make sense?
The chart below illustrates the difference between Toyota Yaris auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The costs are based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no exact rule of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s pretend your Toyota Yaris settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after the policy deductible has been paid. If you are paying in excess of $200 annually to have full coverage, then you might consider buying liability only.
There are some conditions where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
What Determines Toyota Yaris Insurance Premiums?
Consumers need to have an understanding of the different types of things that help calculate car insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that may reward you with lower car insurance prices. Many things are part of the calculation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, but some are not quite as obvious such as your credit history or your commute time.
Married people drive safer – Having a spouse can actually save you money on your policy. It may mean you are more mature than a single person and it’s statistically proven that married couples file fewer claims.
Too many claims and you’ll pay more – Companies in Florida award most affordable rates to drivers who are claim-free. If you file claims often, you can pretty much guarantee much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of claims that pose a financial burden.
Deter theft and pay less – Owning a car with an alarm system can earn a premium discount. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
Adjust physical damage deductibles and save – The deductibles state the amount of money you are willing to pay if a claim is determined to be covered. Physical damage coverage, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of some claims that would be covered are a windshield broken by a bird, fire damage, and having a roll-over accident. The higher the amount you have to pay, the lower your rates will be.
More stress means more cost – Careers such as judges, business owners, and accountants usually pay higher premiums than the average policyholder due to intense work situations and long work days. On the flip side, careers like scientists, historians and retirees pay lower than average rates.
Car plus home equals more savings – The majority of car insurance companies will give better rates to buyers who buy several policies from them such as combining an auto and homeowners policy. If you currently are using one company, consumers should still compare other Miami Yaris insurance rates to help ensure you have the lowest rates.There is a chance you can save even more by buying car insurance from a different company.
Accidents increase costs – Having just one chargeable violation can increase the cost of insurance forty percent or more. Attentive drivers get better prices than bad drivers. Drivers with flagrant tickets like DUI or willful reckless driving may find that they have to to complete a SR-22 with their state’s licensing department in order to drive a vehicle legally.
The illustration below illustrates how violations and at-fault accidents raise Toyota Yaris insurance costs for each age group. The prices are based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.
Credit rating impacts costs – An insured’s credit score factor in calculating your premium rate. So if your credit score could use some work, you could potentially save money when insuring your Toyota Yaris by repairing your credit. Insureds that have excellent credit scores tend to be more responsible than drivers with poor credit.
Toyota Yaris claim probability – Insurers use claims history to help set a rate to offset losses. Vehicles that are shown to have higher losses will have increased rates. The information below illustrates the compiled insurance loss statistics for Toyota Yaris vehicles.
For each policy coverage type, the claim amount for all vehicles, as an average, is a value of 100. Percentage numbers below 100 are indicative of better than average losses, while numbers shown that are more than 100 point to more claims or an increased likelihood of larger losses.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Yaris | 94 | 88 | 92 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local Miami insurance agencies
Some consumers still prefer to get professional advice from a licensed agent and that is recommended in a lot of cases Experienced insurance agents can help you choose the best coverages and help you file claims. An additional benefit of comparing rate quotes online is that you can obtain cheaper rates and still choose a local agent.
To make it easy to find an agent, after completing this quick form, your coverage information is submitted to local insurance agents in Miami who will give you bids for your insurance coverage. There is no need to leave your house because quoted prices will be sent directly to your email. If you need to get a price quote from a specific company, feel free to search and find their rate quote page and complete a quote there.
Finding the right insurance company should depend on more than just a low price. The answers to these questions are important, too.
- Will you work with the agent or an assistant?
- How long has their agency been open in Miami?
- Are aftermarket or OEM parts used to repair vehicles?
- Do they regularly work with personal auto policies in Miami?
- Do they write coverage based solely on cost?
- Do you need full coverage on every vehicle?
- Is the quote a firm price?
When in doubt talk to an agent
When it comes to buying insurance from an agent or online for your vehicles, there really is not a perfect coverage plan. Every insured’s situation is different and your insurance should unique, too.
For example, these questions might help in determining if you would benefit from an agent’s advice.
- What is the minimum liability in Florida?
- Do I pay less if my vehicle is kept in my garage?
- Who is covered by my policy?
- Can I rate high risk drivers on liability-only vehicles?
- What happens if I owe more than my Toyota Yaris is worth?
- Why do I need rental car insurance?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.
Compare but don’t skimp
As you restructure your insurance plan, you should never reduce coverage to reduce premium. Too many times, an accident victim reduced full coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.
Low-cost Toyota Yaris insurance in Miami can be found from both online companies in addition to local insurance agencies, so you should compare both to have the best rate selection. Some insurance companies may not provide rate quotes online and usually these regional carriers prefer to sell through independent agents.
For more information, take a look at the resources below:
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Who Has Affordable Miami Car Insurance Quotes for Infrequent Drivers? (FAQ)
- Who Has Affordable Car Insurance for Drivers with a DUI in Miami? (FAQ)
- Who Has Cheap Miami Auto Insurance Quotes for Homeowners? (FAQ)
- Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Miami? (FAQ)
- Child Safety Seats (Insurance Information Institute)
- Rental Reimbursement Coverage (Allstate)
- Can I Drive Legally without Insurance? (Insurance Information Institute)