How to Save on Toyota Prius Insurance in Fort Worth

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Toyota Prius insurance cost
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Insurance for Toyota PriusIf saving the most money is your goal, then the best way to get cheaper Toyota Prius insurance is to compare prices regularly from insurers who provide car insurance in Fort Worth. Prices can be compared by following these steps.

  1. Take a few minutes and learn about what coverages are included in your policy and the changes you can make to drop your rates. Many rating criteria that are responsible for high rates like traffic citations, accidents, and a substandard credit score can be remedied by making small lifestyle or driving habit changes. This article provides additional ideas to help prevent high rates and get discounts that may be overlooked.
  2. Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like GEICO or Allstate, while agents who are independent can provide prices for many different companies.
  3. Compare the new rate quotes to your current policy premium to see if cheaper Prius coverage is available in Fort Worth. If you can save some money and change companies, make sure there is no lapse in coverage.
  4. Notify your agent or company of your intent to cancel the current policy. Submit a down payment and signed policy application to your new agent or company. As soon as you can, store the proof of insurance paperwork in your vehicle's glove compartment or console.

One thing to point out is that you use identical coverage information on each quote and to quote with as many auto insurance providers as possible. Doing this guarantees an apples-to-apples comparison and maximum price selection.

Astonishing but true according to a recent study, most auto insurance buyers in Texas renewed their policy with the same company for more than four years, and 38% of drivers have never even compared quotes to find cheap rates. Many drivers in the U.S. could save about $860 each year by just comparing rate quotes, but they underestimate the benefits if they replace their high priced policy.

The majority of larger companies allow you to get insurance quotes on their websites. The process can be done by anyone as all you need to do is type in the coverage amounts you desire into a form. Once entered, the company's rating system automatically retrieves information on your driving record and credit history and returns a price quote determined by many factors. This makes it simple to compare prices and it is important to get many rate quotes in order to find the lowest auto insurance rates.

To find out if lower rates are available, check out the auto insurance providers below. To compare your current rates, we recommend you enter deductibles and limits as shown on your current policy. This way, you will receive rate comparison quotes for similar coverage.

The companies shown below have been selected to offer price comparisons in Texas. If more than one company is shown, we recommend you click on several of them to find the most competitive car insurance rates.

Rates and data analysis

The data table below covers different coverage costs for Toyota Prius models. Having insight into how auto insurance policy rates are figured can aid in making informed decisions when comparing rates.

Toyota Prius Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $200 $306 $330 $20 $98 $954 $80
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rates do not factor in vehicle garaging location which can increase or decrease price quotes significantly.

Deductible analysis

One of the more difficult decisions when buying auto insurance is where to set your physical damage deductibles. The figures shown below sum up the cost difference when you select higher and lower physical damage coverage deductibles. The first rate table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Toyota Prius insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $370 $592 $324 $20 $96 $1,427 $119
Get Your Own Custom Quote Go
Toyota Prius insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $206 $312 $324 $20 $96 $958 $80
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Prices do not factor in specific location which can change price quotes substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $39 more each month or $468 annually than quoting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 23 months between claims, you would most likely save money going with the higher deductible.

Don't overlook these Toyota Prius insurance discounts

Insurance can be pricey, but you might find some hidden discounts that could drop your premiums quite a bit. A few discounts will be applied at quote time, but once in a while a discount must be specifically requested prior to receiving the credit.Insurance discounts

  • Pay Now and Pay Less - By making one initial payment rather than spreading payments over time you can actually save on your bill.
  • Accident Waiver - This isn't a discount exactly, but a few companies such as GEICO and Allstate permit an accident before hitting you with a surcharge so long as you haven't had any claims for a particular time prior to the accident.
  • Good Grades Discount - Excelling in school could provide a savings of up to 20% or more. Most companies allow this discount up until you turn 25.
  • ABS Braking Discount - Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions so you can save 10 percent or more.
  • Savings for New Vehicles - Buying a new car instead of a used Prius is cheaper since newer models are generally safer.
  • Professional Organizations - Being a member of qualifying employment or professional organizations may earn a discount on your policy.
  • Drivers Ed for Students - It's a good idea to have your young drivers complete a driver education course if it's offered in school.
  • Telematics Data Discounts - Insureds who allow driving data collection to monitor when and where they use their vehicle by using a telematics device such as Progressive's Snapshot and State Farm's In-Drive could see a rate decrease if their driving habits are good.

Policy discounts save money, but most discount credits are not given to the whole policy. A few only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, you won't be that lucky.

The diagram below shows the difference between Toyota Prius yearly insurance costs with and without policy discounts. The information is based on a male driver, no violations or accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, marriage, multi-car, and safe-driver discounts applied.

Companies that have many of the previously listed discounts include:

Double check with every insurance company which discounts you may be entitled to. All car insurance discounts might not be offered in Fort Worth. To see a list of insurance companies that have a full spectrum of discounts in Texas, click here.

Choosing Prius insurance is an important decision

Despite the potentially high cost of Toyota Prius insurance, paying for insurance is required for several reasons.

  • Most states have minimum mandated liability insurance limits which means state laws require specific limits of liability insurance coverage if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your Prius, most banks will require you to have physical damage coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Toyota for a much higher rate and require you to pay for it.
  • Insurance protects both your car and your assets. Insurance will pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay to defend you if you are sued as the result of your driving. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance are definitely more than the cost, particularly for liability claims. Unknowingly, the average driver overpays more than $865 each year so it's recommended you shop around every year to save money.

When to get advice from a local insurance agent

A small number of people would prefer to talk to an insurance agent and that is recommended in a lot of cases Professional insurance agents are highly skilled in risk management and help in the event of a claim. One of the great benefits of comparing rate quotes online is that you can obtain cheap insurance quotes and also buy local. Buying from and supporting local insurance agents is definitely important in Fort Worth.

Fort Worth insurance agentsOnce you complete this quick form, your coverage information is transmitted to insurance agents in Fort Worth that give free quotes for your insurance coverage. You won't even need to leave your house because quoted prices will be sent to your email. If you need to get a rate quote from a specific insurance company, just find their quoting web page and fill out the quote form the provide.

If you want to buy insurance from a local Fort Worth insurance agent, it helps to know the two types of insurance agents from which to choose. Agencies in Fort Worth may be either independent agents or exclusive agents. Either one can write insurance policies, but it is a good idea to know the difference in how they write coverage since it could factor into the type of agent you choose.

Independent Agents (or Brokers)

Independent agencies are not locked into one company so as a result can place your coverage amongst many companies and find the cheapest insurance rates. To move your coverage to a new company, the business is moved internally and you can keep the same agent.

When comparing rate quotes, you will want to compare prices from several independent agencies for the best price selection.

Below is a small list of independent insurance agents in Fort Worth who may be able to give you free insurance rate quotes.

5901 E Lancaster Ave - Fort Worth, TX 76112 - (817) 496-9111 - View Map

11751 Alta Vista Rd Ste 401 - Fort Worth, TX 76244 - (817) 533-8027 - View Map

1415 Summit Ave - Fort Worth, TX 76102 - (817) 332-4064 - View Map

More Fort Worth agents

Exclusive Insurance Agents

Agents that choose to be exclusive can only provide pricing for a single company and some examples include State Farm, AAA, and Liberty Mutual. These agents are not able to place coverage with different providers so they have no alternatives for high prices. Exclusive agencies are very knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.

Shown below are Fort Worth exclusive agencies willing to provide rate quotes.

7420 N Beach St #234 - Fort Worth, TX 76137 - (817) 485-5660 - View Map

8501 Boat Club Rd - Fort Worth, TX 76179 - (817) 236-8781 - View Map

3525 Denton Hwy - Fort Worth, TX 76117 - (817) 838-2342 - View Map

More Fort Worth agents

Choosing the best insurance agent is decision based upon more than just a cheap price. The answers to these questions are important, too.

  • What is their Better Business Bureau rating?
  • Can they help ensure a fair claim settlement?
  • Does the company have a local claim office in Fort Worth?
  • How much training do they have in personal risk management?
  • By raising physical damage deductibles, how much would you save?
  • Is the coverage adequate for your vehicle?
  • How is replacement cost determined on your vehicle?
  • If you are a high risk driver, do they have special markets for your coverage?

After receiving positive feedback for all questions you ask in addition to an acceptable price estimate, chances are good that you have found an auto insurance agent that is reliable enough to insure your vehicles.