Compare Toyota Yaris Insurance Quotes in Toledo

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To save the most money, the best way to find cheaper quotes for car insurance rates in Toledo is to compare quotes annually from providers in Ohio. Drivers can shop around by following these guidelines.

First, get an understanding of what is in your policy and the measures you can control to prevent high rates. Many risk factors that are responsible for high rates such as inattentive driving and bad credit can be improved by making minor changes in your lifestyle. This article gives additional tips to get cheaper rates and get additional discounts that may have been overlooked.

Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agents can give you price quotes for many different companies.

Third, compare the new rate quotes to your existing policy to determine if you can save on Yaris insurance. If you can save some money, make sure coverage is continuous and does not lapse.

Fourth, provide notification to your current agent or company to cancel your current car insurance policy. Submit a signed application and payment to your new company or agent. As soon as you receive it, safely store the proof of insurance paperwork in your glove compartment.

The most important part of this process is to use identical deductibles and limits on each quote request and and to compare every insurance company. This helps ensure the most accurate price comparison and a complete price analysis.

Discount Toyota Yaris insuranceIt's safe to conclude that auto insurance companies don't want customers comparing rates. Insureds who perform rate comparisons will probably move their business because the odds are good of finding a cheaper policy. A recent survey discovered that people who compared prices once a year saved about $70 a month as compared to drivers who never compared rates.

If finding budget-friendly rates on auto insurance in Toledo is your ultimate objective, then having some insight into how to quote prices and compare insurance coverage can help make the process easier and more efficient.

The majority of larger companies such as Progressive, Allstate and GEICO make it easy to get insurance quotes on their websites. Getting online rates for Toyota Yaris insurance in Toledo is fairly simple as all you need to do is type in the coverages you want on the page. After you complete the form, their system pulls information on your driving record and credit history and returns a price based on many factors. Getting online quotes for Toyota Yaris insurance in Toledo makes comparing rates easy, and it's necessary to compare as many rates as possible if you want to get affordable car insurance pricing.

To save time and find out how much you're overpaying now, compare rates from the companies below. If you currently have coverage, we recommend you copy your coverages as close as possible to your current policy. This ensures you will receive rate quotes for the exact same coverage.

The companies shown below can provide free quotes in Ohio. If you want to find cheap car insurance in Ohio, we suggest you get rate quotes from several of them to get the most competitive price.

Toyota Yaris insurance rate analysis

The premium information shown next covers a range of insurance policy prices for Toyota Yaris models. Having a better idea how auto insurance prices are formulated is important for you to make decisions on the best policy coverages.

Toyota Yaris Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $132 $290 $290 $18 $86 $816 $68
Yaris 4-Dr Hatchback $132 $290 $256 $16 $76 $770 $64
Yaris 4-Dr Sedan $132 $290 $256 $16 $76 $770 $64
Yaris S 2-Dr Hatchback $150 $290 $290 $18 $86 $834 $70
Yaris S 4-Dr Hatchback $150 $290 $256 $16 $76 $788 $66
Yaris S 4-Dr Sedan $150 $290 $256 $16 $76 $788 $66
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in garaging location in Toledo which can modify premium rates substantially.

An analysis of deductible level

One of the more difficult decisions when buying insurance is how high should your deductibles be. The following tables summarize the rate difference when you select higher and lower physical damage coverage deductibles. The first data table uses a $100 physical damage deductible and the second price grid uses a $1,000 deductible.

Toyota Yaris insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $170 $352 $256 $16 $76 $895 $75
Yaris 4-Dr Hatchback $170 $352 $226 $14 $68 $855 $71
Yaris 4-Dr Sedan $170 $352 $226 $14 $68 $855 $71
Yaris S 2-Dr Hatchback $196 $352 $256 $16 $76 $921 $77
Yaris S 4-Dr Hatchback $196 $352 $226 $14 $68 $881 $73
Yaris S 4-Dr Sedan $196 $352 $226 $14 $68 $881 $73
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Toyota Yaris insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $94 $186 $256 $16 $76 $628 $52
Yaris 4-Dr Hatchback $94 $186 $226 $14 $68 $588 $49
Yaris 4-Dr Sedan $94 $186 $226 $14 $68 $588 $49
Yaris S 2-Dr Hatchback $108 $186 $256 $16 $76 $642 $54
Yaris S 4-Dr Hatchback $108 $186 $226 $14 $68 $602 $50
Yaris S 4-Dr Sedan $108 $186 $226 $14 $68 $602 $50
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in zip code location which can lower or raise insurance rates noticeably.

Using the premium rates above, we can conclude that using a $100 deductible costs an average of $22 more each month or $264 a year than buying the higher $1,000 deductible. Since 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 go more than 41 months between claim filings, you would probably be better off if you opt for a higher deductible.

The chart below shows how choosing a deductible and can raise or lower Toyota Yaris insurance costs for different ages of insureds. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Impact of careless driving on insurance rates

The illustration below illustrates how violations and accidents can influence Toyota Yaris yearly insurance costs for each different age category. The data is based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.

Does full coverage make sense?

The example below illustrates the difference between Toyota Yaris insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no specific rule for excluding comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's assume your Toyota Yaris replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after you pay the deductible. If it's costing you more than $200 a year for full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping full coverage is not advised. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Learn How to Quote Car Insurance for Less

Many things are part of the calculation when quoting car insurance. Some of the criteria are obvious like an MVR report, although some other factors are more transparent such as your marital status or your commute time. An important part of buying insurance is that you know the rating factors that play a part in calculating the level of your policy premiums. If you know what impacts premium levels, this enables informed choices that can help you get big savings.

The list below includes a partial list of the pieces used by insurance companies to determine premiums.

  • Being married can lower premiums - Walking down the aisle helps lower the price on car insurance. Having a spouse demonstrates that you tend to be less irresponsible and it's statistically proven that married couples file fewer claims.
  • Protect yourself with liability - Your car insurance policy's liability coverage will protect you if you are determined to be liable for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense up to the limits shown on your policy. It is affordable coverage as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • Your address can affect price - Living in a rural area is a positive aspect when insuring your vehicles. Residents of big cities tend to have more road rage incidents and more severe claims. Fewer drivers and short commutes translates into fewer accident claims and lower theft and vandalism rates.
  • Discounts for multiple policies - Many car insurance companies apply discounts to insureds that have more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, you may still want to shop around to help ensure you have the lowest rates. Drivers may still save even more by insuring with multiple companies.
  • Only buy what you need - Insurance policies have a lot of extra bells and whistles that you can get tricked into buying on your car insurance policy. Insurance for personal injury protection, accident forgiveness, and membership fees could be just wasting money. You may think they are a good idea at first, but if you've never needed them in the past remove them from your policy.
  • Toyota Yaris insurance loss statistics - Insurers analyze historical claim data when they calculate premium prices for each model. Models that statistically have higher frequency or amount of claims will have higher premium rates.

    The table below outlines the compiled insurance loss statistics for Toyota Yaris vehicles. For each coverage category, the loss probability for all vehicles, regardless of make or model, equals 100. Values that are 100 or less indicate better than average losses, while values that are 100 or greater indicate a higher chance of having a claim or a tendency for losses to be larger than average.

    Car Insurance Loss Data for Toyota Yaris Models
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota Yaris 94 88 92
    BETTER
    AVERAGE
    WORSE

    Empty fields indicate not enough data collected
    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Auto insurance does more than just repair your car

Even though it's not necessarily cheap to insure a Toyota in Toledo, insurance is required for several reasons.

  • Just about all states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability protection in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your Yaris has a lienholder, almost every bank will require that you have insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender will be forced to insure your Toyota for a much higher rate and make you pay a much higher amount than you were paying before.
  • Insurance safeguards both your car and your assets. Insurance will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of having auto insurance more than offset the price you pay, specifically if you ever have a liability claim. According to a recent study, the average American driver is wasting up to $800 each year so we recommend shopping around every year to ensure rates are competitive.

Ohio car insurance companies ranked

Ending up with a highly-rated car insurance company is hard considering how many companies there are to choose from in Toledo. The ranking information shown next could help you decide which coverage providers to look at buying from.

Top 10 Toledo Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

Top 10 Toledo Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family