Are you sick of overpaying and want low-cost insurance rates in Philadelphia, PA? Philadelphia shoppers have many options when shopping for the best price on Toyota Prius V insurance. They can either spend hours driving around to get rate comparisons or utilize the internet to find the lowest rates.
There is a better way to buy insurance and we’ll show you the absolute fastest way to quote coverages for your Toyota and obtain the lowest price from Philadelphia insurance agents and online providers.
You should take the time to do rate comparisons periodically because insurance prices tend to go up over time. If you had the best deal on Toyota Prius V insurance in Philadelphia two years ago you may be paying too much now. There is a lot of bad advice regarding Prius V insurance on the web, but in this article, you’re going to get some great ways to stop overpaying for insurance in Philadelphia.
The quickest way to compare insurance rates from multiple companies is to take advantage of the fact all the major auto insurance companies allow for online access to quote your coverage. All you need to do is give them some information like the year, make and model of vehicles, if you went to college, an estimate of your credit level, and your job. The data is then submitted to insurance carriers in your area and they return quotes instantly to find the best rate.
To start a rate quote now, click here and find out if you can get cheaper insurance in Philadelphia.
The companies shown below offer price quotes in Pennsylvania. If the list has multiple companies, we recommend you visit two to three different companies to get the best price comparison.
Save a ton on Toyota Prius V insurance in Philadelphia with these ten discounts
Some providers do not advertise all discounts very well, so we researched some of the more common and the harder-to-find credits available to bring down your rates.
- Defensive Driver – Participating in a course that instructs on driving safety could save 5% or more and easily recoup the cost of the course.
- One Accident Forgiven – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm permit an accident before they charge you more for coverage if you are claim-free prior to being involved in the accident.
- Discounts for Multiple Vehicles – Insuring multiple cars or trucks on one policy may reduce the rate for each vehicle.
- Multi-policy Discount – If you can combine your homeowners and auto policy and insure them both with the same insurance company you will save as much as 10 to 15 percent.
- Sign Online – A few insurance companies will give you a small discount for buying a policy and signing up on their website.
- Government Employees – Federal government employees may reduce rates when you quote Philadelphia auto insurance with select insurance companies.
- Save over 55 – If you’re over the age of 55, you are able to get a slight reduction on a Philadelphia auto insurance quote.
- Anti-theft System – Cars, trucks, and SUVs with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Distant College Student Discount – Kids who live away from home to go to college and don’t have a car may be insured at a cheaper rate.
- Student Discount for Driver Training – Require your teen driver to enroll and complete driver’s education as it will make them better drivers and lower rates.
Drivers should understand that most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like comprehensive or collision. So when the math indicates you can get free auto insurance, you’re out of luck. But all discounts will definitely lower the amount you pay for coverage.
To locate insurers with discount auto insurance rates in Philadelphia, follow this link.
Three main reasons to buy auto insurance
Despite the potentially high cost of Toyota Prius V insurance, buying auto insurance is not optional due to several reasons.
- The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to drive the car. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your vehicle, almost all lenders will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank will be required to insure your Toyota at a much higher premium rate and make you pay much more than you were paying before.
- Auto insurance protects not only your Toyota but also your financial assets. It will also reimburse you for most medical and hospital costs that are the result of an accident. As part of your policy, liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will cover the repair costs.
The benefits of having auto insurance outweigh the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver overpays as much as $830 a year so you should quote your policy with other companies at least once a year to save money.
It’s not one size fits all
When it comes to buying the right insurance coverage for your vehicles, there really isn’t a single plan that fits everyone. Everyone’s situation is unique.
These are some specific questions can help discover whether you would benefit from an agent’s advice.
- Do I have coverage when making deliveries for my home business?
- How can I find cheaper teen driver insurance?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Is a fancy paint job covered?
- Are my friends covered when driving my Toyota Prius V?
- If I drive on a suspended license am I covered?
- Do I need roadside assistance coverage?
If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.
Comparing prices from local Philadelphia insurance agents
Many people would rather buy from a licensed agent and often times that is recommended Good agents can point out coverage gaps and help in the event of a claim. One of the benefits of comparing car insurance online is that you can obtain cheap car insurance rates and still choose a local agent. And buying from neighborhood insurance agencies is important particularly in Philadelphia.
After completing this form (opens in new window), the coverage information gets sent to local insurance agents who will return price quotes for your business. You never need to contact any agents since rate quotes are delivered immediately to you. If you want to get a rate quote from one company in particular, you just need to visit that company’s website and fill out the quote form the provide.
When searching for a local insurance agency, you should know the types of agencies and how they are distinctly different. Car insurance policy providers can either be exclusive or independent. Both can sell car insurance policies, but it’s worth learning the difference between them because it may have an impact on your selection of an agent.
Independent Agents (or Brokers)
These type of agents can sell policies from many different companies so they have the ability to put coverage with an assortment of companies and get you the best rates possible. If prices rise, your agent can switch companies without you having to go to a different agency.
If you are comparing car insurance prices, it’s recommended you compare quotes from several independent insurance agents to have the best price comparison. Most also write with less well-known companies that many times have cheaper rates.
Featured below is a small list of independent insurance agents in Philadelphia who can help you get price quote information.
- Crossing Insurance Group
4252 Richmond St – Philadelphia, PA 19137 – (215) 321-4990 – View Map - Martin Insurance
5700 Delancey St – Philadelphia, PA 19143 – (215) 471-6860 – View Map - Eckroth Insurance Group LLC
521 N 22nd St – Philadelphia, PA 19130 – (215) 232-0200 – View Map
Exclusive Car Insurance Agencies
Agents that elect to be exclusive are contracted to one company such as AAA, Allstate, and State Farm. Exclusive agencies are unable to compare other company’s rates so it’s a take it or leave it situation. Exclusive agencies are trained well on sales techniques and that can be a competitive advantage. Consumers sometimes buy from the same agent for years primarily because of the brand name rather than low rates.
The following are Philadelphia exclusive agencies who can help you get price quotes.
- Steven Breinlinger – State Farm Insurance Agent
7904 Germantown Ave – Philadelphia, PA 19118 – (267) 323-2923 – View Map - Brian Madalion – State Farm Insurance Agent
7208 Ogontz Ave – Philadelphia, PA 19138 – (215) 549-4900 – View Map - George Kweder – State Farm Insurance Agent
1521 W Oregon Ave – Philadelphia, PA 19145 – (215) 467-1837 – View Map
Choosing the best car insurance agent requires more thought than just a low price. Here are some questions you might want to ask.
- If you raise deductibles, how much can you save?
- How long has the business existed?
- Do they regularly work with personal auto policies in Philadelphia?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Does the company have a solid financial rating?
- Do they get paid more for recommending certain coverages?
- Will the agent help in case of a claim?
- What companies can they write with?
Educate yourself about car insurance coverages
Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.
Comprehensive coverages
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like hitting a deer, falling objects, vandalism and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Auto collision coverage
This pays for damage to your Prius V resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims such as colliding with another moving vehicle, driving through your garage door, crashing into a ditch, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible on your Prius V to bring the cost down.
Coverage for medical payments
Coverage for medical payments and/or PIP reimburse you for expenses for things like funeral costs, hospital visits, doctor visits, pain medications and surgery. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Uninsured and underinsured coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Toyota Prius V.
Since a lot of drivers carry very low liability coverage limits (Pennsylvania limits are 15/30/5), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits are identical to your policy’s liability coverage.
Liability auto insurance
This coverage will cover damage or injury you incur to people or other property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 15/30/5 which stand for $15,000 bodily injury coverage, a total of $30,000 of bodily injury coverage per accident, and a total limit of $5,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like bail bonds, attorney fees and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Pennsylvania state law requires minimum liability limits of 15/30/5 but it’s recommended drivers buy better liability coverage.
The chart below demonstrates why buying low liability limits may not be high enough to adequately cover claims.