Compare Toyota Venza Insurance Rates in Fort Worth

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Discount Toyota Venza insuranceI can't think of a single person who likes paying for auto insurance, especially when they are aware that the cost is way too high.

Amazingly, over 70% of drivers renewed their policy with the same company for at least the last four years, and approximately 38% of consumers have never quoted auto insurance rates at all. Consumers in Texas could save $1,800 a year, but most tend to underestimate the actual amount they would save if they swap their current policy for a cheaper one.

How to find affordable quotes for Toyota Venza insurance in Fort Worth

The most effective way to get low-cost Toyota Venza insurance is to start comparing rates regularly from companies that sell auto insurance in Fort Worth.

  • First, take a few minutes and learn about the coverage provided by your policy and the measures you can control to prevent high rates. Many things that increase rates like speeding and a not-so-good credit score can be controlled by making minor driving habit or lifestyle changes. Later in this article we will cover ideas to get cheaper rates and get bigger discounts that may have been overlooked.
  • Second, compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO or Allstate, while independent agencies can provide rate quotes for many different companies.
  • Third, compare the new rate quotes to your existing rates to see if a cheaper price is available in Fort Worth. If you find a lower rate quote, ensure coverage does not lapse between policies.
  • Fourth, provide notification to your current agent or company of your intent to cancel your existing policy and submit the application along with any required down payment to your new company or agent. Be sure to place the new certificate verifying proof of insurance along with your vehicle registration.

The key thing to remember is to use the same deductibles and limits on every price quote and and to get price estimates from as many companies as possible. Doing this ensures a level playing field and the best rate selection.

Due to the increasing number of auto insurance companies to choose from, it's nearly impossible to find the cheapest company.

Toyota Venza insurance quotes comparison

When looking for cheaper Fort Worth auto insurance quotes, there are a couple ways to compare prices from local Fort Worth auto insurance companies. By far the easiest way to lower the rate you pay for Toyota Venza insurance involves getting comparison quotes online.

Doing price comparisons online is so simple that it replaces the need to actually drive to and from local Fort Worth insurance agencies. Comparing online rate quotes makes this process obsolete unless you require the peace of mind of an agent trained in personal lines coverage. It is possible with some companies get prices online but still have the advice of a local agent.

When quoting auto insurance, remember that comparing more prices helps you find the best rates.

The following companies offer free quotes in Fort Worth, TX. If multiple providers are shown, we suggest you visit two to three different companies to get the most affordable price.

Toyota Venza insurance charts and tables

The premium table shown below covers a range of insurance rates for Toyota Venza models. Having a good grasp of how insurance premiums are established is important for drivers to make smart choices when buying a policy.

Toyota Venza Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $176 $360 $430 $26 $128 $1,120 $93
Venza AWD 4-Dr $176 $360 $430 $26 $128 $1,120 $93
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in vehicle garaging location which can revise rates significantly.

How high should deductibles be?

One common question asked by Fort Worth drivers is how low should you set your deductibles. The figures shown below lay out the price difference when you choose different comp and collision deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Toyota Venza insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $370 $698 $382 $22 $114 $1,611 $134
Venza AWD 4-Dr $370 $698 $382 $22 $114 $1,611 $134
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Toyota Venza insurance rates 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
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific location information which can alter rates considerably.

Based on these figures, using a $100 deductible could cost the average driver approximately $43 more each month or $516 each year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 21 months between claim filings, you would most likely save money going with the higher deductible.

The illustration below shows how different deductible levels and can increase or decrease Toyota Venza insurance costs for different age groups. Data assumes a married male driver, full physical damage coverage, and no discounts are taken into consideration.

Do you need full coverage?

The information below illustrates the difference between Toyota Venza annual premium costs with full coverage compared to only the Texas minimum liability coverage. The data is based on no claims or driving citations, $1,000 deductibles, single status, and no discounts are applied.

When to drop full coverage

There is no clear-cut rule of when to drop full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's pretend your Toyota Venza claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying over $800 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.

Learn How to Buy Car Insurance at a Discount

Many different elements are taken into consideration when quoting car insurance. Some are pretty understandable such as traffic violations, although others are more transparent such as your marital status or your commute time.

Shown below are some of the major factors used by companies to determine your prices.

Where do you drive? - The more miles you rack up on your Toyota in a year's time the higher the price you pay to insure it. Most insurance companies calculate rates based on their usage. Cars not used for work or commuting can get a lower rate than those used for commuting. Improper usage on your Venza can result in significantly higher rates. It's a good idea to make sure your vehicle rating reflects the correct usage, because improper ratings can cost you money.

Your career may increase premiums - Did you know your occupation can influence how much you pay for car insurance? Occupations such as real estate brokers, social workers, and stock brokers have the highest rates because of stressful work requirements and incredibly demanding work hours. Other occupations like professors, engineers and performers get better rates.

Men pay higher prices - Over the last 50 years, statistics have shown that females take fewer risks when driving. Now that doesn't mean women are better drivers. Both sexes are responsible for fender benders in similar percentages, but the male of the species tend to have higher claims. In addition to higher claims, males also receive more costly citations such as reckless driving. Youthful male drivers generally have the highest accident percentage and therefore are the most expensive to insure.

The diagram below illustrates the comparison of Toyota Venza car insurance rates for male and female drivers. The premium estimates are based on no violations or claims, comp and collision included, $500 deductibles, single marital status, and no discounts are factored in.

Traffic violations mean higher costs - Your driving record can have a huge impact on auto insurance premiums. Just one ticket may cause rates to rise by as much as thirty percent. Drivers with clean records tend to pay less for car insurance compared to bad drivers. Drivers who have received license-revoking tickets like DUI or reckless driving may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to prevent their license from being revoked.

The diagram below illustrates how speeding tickets and at-fault claims increase Toyota Venza car insurance costs for different age groups. The rates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.

Safety first - Vehicles with good safety scores tend to have lower insurance rates. Safer cars have better occupant injury protection and better occupant protection means lower claim amounts passed on to you as lower rates.

Performance makes a difference - The performance level of the car you need to insure makes a huge difference in your auto insurance rates. Lower cost passenger models generally have the cheapest insurance rates, but many other things help determine your insurance rates.

The chart below uses these assumptions: married female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Toyota Venza insurance premiums compared to other models that have a range of performances.

Insurance loss data for Toyota Venza vehicles - Companies use past insurance losses to calculate a price that offsets possible losses. Vehicles that have increased losses will cost more to insure. The table below shows the historical loss data for Toyota Venza vehicles.

For each type of coverage, the statistical loss for all vehicles, as a total average, is a value of 100. Percentages below 100 imply a favorable loss record, while values that are 100 or greater point to more losses or an increased chance of a larger loss.

Toyota Venza Insurance Loss Statistics
Make and 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 from IIHS.org for 2013-2015 Model Years

Insurance does more than just protect your car

Even though Fort Worth Venza insurance rates can get expensive, insurance is required for several reasons.

  • Most states have mandatory insurance requirements which means you are required to buy a minimum amount of liability insurance coverage in order to drive the car. 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 vehicle, most lenders will make it mandatory that you carry insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may have to buy a policy to insure your Toyota for a lot more money and require you to pay for the much more expensive policy.
  • Insurance preserves not only your Toyota Venza but also your financial assets. It will also pay for medical transport and hospital expenses that are the result of an accident. Liability coverage also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Toyota as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance more than cancel out the cost, especially for larger claims. According to a recent study, the average American driver is overpaying more than $810 a year so shop around once a year at a minimum to save money.