Affordable Insurance for a Toyota Prius in Philadelphia

How long has it been since you compared more affordable Toyota Prius insurance in Philadelphia? Do you get frustrated by the dozens of auto insurance sources in Philadelphia? Pennsylvania vehicle owners have such a large number of options that it can easily turn into a chore to find lower auto insurance rates on Toyota Prius insurance. If you’ve ever been there, you know that Philadelphia has many things to offer, but high auto insurance prices can make it hard for many residents to afford coverage.

Insurance rates Toyota Prius in PhiladelphiaA recent study revealed that a large majority of drivers have purchased from the same company for at least the last four years, and nearly 40% of drivers have never even compared quotes to find affordable rates. The average driver in America can save roughly 47% each year, but most undervalue the big savings they would realize if they switch to a new company.

Smart consumers take time to compare rates once or twice a year since insurance prices trend upward over time. If you had the lowest rates on Toyota Prius insurance in Philadelphia six months ago you can probably find a better premium rate now. Forget anything you know (or think you know) about auto insurance because we’re going to show you the tricks you need to know to save money, get proper coverage and the best rates.

Locating the most cost-effective insurance policy in Philadelphia is quite easy. Nearly everyone who is looking for a better price on insurance will most likely find a lower price. But Pennsylvania car owners can benefit by having an understanding of how insurance companies determine how much to charge.

The most recommended method to compare rate quotes for Toyota Prius insurance in Philadelphia is to know the trick almost all companies have advanced systems to quote your coverage. The one thing you need to do is provide information including if the car is leased, what you do for a living, if a SR-22 is required, and driver details. That rating information gets sent immediately to many different companies and you should receive rate quotes instantly.

To compare cheap Toyota Prius insurance rates now, click here and find out if lower rates are available in Philadelphia.

The auto insurance companies shown below provide free quotes in Philadelphia, PA. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.

It may be expensive, but it’s not optional

Despite the high cost, insurance is not optional due to several reasons.

The benefits of buying auto insurance are without a doubt worth the cost, particularly when you have a large claim. An average driver in America is overpaying over $800 each year so we recommend shopping around at least once a year to save money.

Toyota Prius insurance coverage information

The coverage table below highlights detailed analysis of policy rates for Toyota Prius models. Having a good understanding how auto insurance premiums are formulated helps drivers make informed decisions.

Toyota Prius Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $260 $426 $378 $22 $114 $1,200 $100
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in zip code location which can decrease or increase prices substantially.

Choosing deductibles

A question often asked by Philadelphia drivers is which comprehensive and collision deductibles to buy. The tables below highlight how much more you’ll pay when you choose different insurance deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Toyota Prius insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $320 $512 $280 $16 $84 $1,237 $103
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Toyota Prius insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $234 $346 $280 $16 $84 $960 $80
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific Philadelphia garaging location which can revise insurance rates greatly.

We can estimate from the data above that using a $100 deductible will cost you about $23 more each month or $276 for a full year averaged for all Prius models than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 17 months between claim filings, you would probably save some money if you opt for a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $103
Average monthly premium for $500 deductibles (subtract): – $80
Monthly savings from raising deductible: $23
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

Annual premiums comparing men and women in Philadelphia

The example below shows the difference between Toyota Prius insurance rates for male and female drivers. The rates are based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no additional discounts are factored in.

Philadelphia insurance discounts for a Toyota Prius

Companies that sell car insurance don’t always advertise the complete list of policy discounts very well, so here is a list some of the more common as well as the least known discounts you could be receiving when you buy Philadelphia auto insurance online.Discount car insurance

Just know that most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, it doesn’t quite work that way.

The example below visualizes the comparison of Toyota Prius insurance rates with and without discounts applied to the premium. The data is based on a female driver, no tickets, no at-fault accidents, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, claim-free, safe-driver, and multi-car discounts applied.

Insurance companies that may include most of these discounts possibly include:

It’s a good idea to ask all the companies which discounts you qualify for. Some credits may not apply to policies in Philadelphia. To locate insurance companies with discount rates in Pennsylvania, click here to view.

Local Philadelphia insurance agencies

Some consumers would rather sit down and talk to an agent and that is recommended in a lot of cases One of the benefits of getting online price quotes is the fact that drivers can get lower premium rates and still have an agent to talk to.

To find an agent, once you fill out this form (opens in new window), the coverage information is instantly submitted to local insurance agents who will give you bids for your business. There is no reason to drive around since price quotes are sent to the email address you provide. You can find lower rates AND a local agent. If you have a need to compare rates from a specific company, don’t hesitate to visit that company’s website and complete a quote there.

Choosing the best company should depend on more than just a low price. Before buying a policy in Philadelphia, get answers to these questions.

If you are wanting to find a local Philadelphia insurance agent, it can be helpful to understand the different types of agents that you can choose from. Agents are either independent agents or exclusive agents.

Exclusive Insurance Agencies

Exclusive agents work for only one company such as State Farm, Allstate, or Farmers Insurance. They are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agents are trained well on their company’s products which helps overcome the inability to quote other rates. Consumers frequently use the same exclusive agent mainly due to the brand legacy rather than low rates.

Shown below is a list of exclusive insurance agents in Philadelphia who may provide you with comparison quotes.

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Independent Agents (or Brokers)

Agents that choose to be independent often have many company appointments and that enables them to quote your coverage amongst many companies enabling the ability to shop coverage around. To move your coverage to a new company, they simply move your policy to a different company and you stay with the same agent. When comparing rates, it’s a good idea to check rates from a few independent agents so that you have a good selection of quotes to compare. Most independent agents also contract with lesser-known insurance companies which could offer lower prices.

Shown below is a short list of independent insurance agencies in Philadelphia willing to provide rate quotes.

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Quote more to save more

We just covered some good ideas how you can get a better price on Toyota Prius insurance in Philadelphia. The key thing to remember is the more times you quote, the higher your chance of finding low cost Philadelphia auto insurance quotes. Drivers may even discover the best premium rates are with a company that doesn’t do a lot of advertising.

Insureds switch companies for a variety of reasons including poor customer service, extreme rates for teen drivers, policy non-renewal and even high rates after DUI convictions. It doesn’t matter what your reason, choosing a new company is not as difficult as it may seem.

As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. There are a lot of situations where someone dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at a price you can afford, but don’t skip important coverages to save money.

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