Toyota Sienna insurance rates image courtesy of QuoteInspector.com
Are you drained from trying to scrape together enough money to insure your Toyota every month? Your situation is no different than many other Pennsylvania drivers.
We don't have to tell you that insurance companies want to keep you from comparing rates. Drivers who compare rates at least once a year are highly likely to move their business because there is a good probability of finding coverage at a cheaper rate. A recent survey revealed that consumers who compared price quotes annually saved on average $865 annually compared to policyholders who never shopped around for lower prices.
If finding low prices for Toyota Sienna insurance in Philadelphia is your objective, learning how to find companies and compare insurance rates can save time, money, and frustration.
Big-name insurance companies like GEICO, Farmers Insurance and State Farm persitently shower you with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and find the best price available.
It's a great practice to compare rates at least once a year because insurance rates are rarely the same from one policy term to another. Just because you had the lowest premium rates on Toyota Sienna insurance in Philadelphia at your last renewal other companies may now be cheaper. There are lots of tips to save on Sienna insurance online, but I'm going to show you some guaranteed methods to buy insurance cheaper in Philadelphia.
If you have coverage now, you will most likely be able to find the best rates using the concepts covered in this article. Finding the cheapest coverage in Philadelphia is easy if you know what you're doing. Although Pennsylvania consumers must comprehend how the larger insurance companies calculate their prices and use this information to your advantage.
Just keep in mind that comparing more prices helps you find a lower rate than you're paying now.
The auto insurance companies shown below can provide price quotes in Pennsylvania. If the list has multiple companies, it's a good idea that you compare several of them in order to get a fair rate comparison.
Car insurance just makes sense
Even though Philadelphia Sienna insurance rates can get expensive, car insurance is not optional due to several reasons.
First, almost all states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability insurance in order to get the vehicle licensed. 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.
Second, if you bought your Toyota Sienna with a loan, more than likely the lender will make it mandatory that you buy insurance to guarantee payment of the loan. If you let the policy lapse, the bank may insure your Toyota at a much higher rate and force you to reimburse them for the expensive policy.
Third, car insurance preserves both your assets and your vehicle. It will also pay for medical bills for yourself as well as anyone injured by you. Liability coverage will also pay to defend you if you are sued as the result of an accident. If your Toyota gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of insuring your car definitely exceed the cost, especially with large liability claims. But the average American driver is wasting up to $855 a year so it's recommended you shop around at every policy renewal to ensure rates are inline.
Toyota Sienna coverage statistics
The information below covers a range of prices for Toyota Sienna models. Having insight into how policy premiums are figured is important for making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sienna LE AWD||$278||$588||$398||$24||$120||$1,408||$117|
|Sienna XLE AWD||$278||$694||$398||$24||$120||$1,514||$126|
|Sienna Limited AWD||$314||$694||$398||$24||$120||$1,550||$129|
|Get Your Own Customized Quote Go|
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in specific zip code location which can change price quotes considerably.
The diagram below demonstrates how choosing different deductibles and can change Toyota Sienna insurance prices for each age group. Data assumes a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Does it make sense to buy full coverage?
The chart below visualizes the comparison of Toyota Sienna car insurance costs when comparing full coverage to liability only. The prices are based on no violations or claims, $250 deductibles, single status, and no policy discounts are applied.
When to stop buying physical damage coverage
There is no exact formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let's say your Toyota Sienna claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $6,000 after the deductible is paid. If you are currently paying more than $600 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some cases where buying only liability insurance is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
You may qualify for discounts for Toyota Sienna insurance in Philadelphia
Companies that sell car insurance don't always advertise the complete list of policy discounts in an easy-to-find place, so below is a list some of the best known and the more hidden discounts that you may qualify for.
- Paper-free Discount - Many companies give back up to $50 simply for signing over the internet.
- Life Insurance Discount - Some auto insurance companies give lower rates if you buy a life insurance policy as well.
- No Charge for an Accident - Not a discount per se, but a few companies such as Progressive, Allstate, and Liberty Mutual permit an accident before raising your premiums with the catch being you have to be claim-free for a specific time period.
- Professional Memberships - Participating in a professional or civic organization is a good way to get lower rates on auto insurance.
- Bundled Policy Discount - If you combine your auto and home policies with the same company you may earn at least 10 to 15 percent or more.
- Anti-lock Brake System - Cars and trucks that have anti-lock braking systems can stop better under adverse conditions and will save you 10% or more on Sienna insurance in Philadelphia.
- Low Mileage Discounts - Maintaining low annual mileage could qualify for lower rates due to less chance of an accident.
- College Student - Youth drivers who are enrolled in a college that is more than 100 miles from Philadelphia without a vehicle on campus could get you a discount.
You can save money using discounts, but some of the credits will not apply to the entire cost. Most cut individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, company stockholders wouldn't be very happy.
The information below shows the difference between Toyota Sienna insurance premiums with and without discounts applied to the premium. The data is based on a female driver, no claims, a clean driving record, Pennsylvania state minimum liability limits, full 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, multi-car, and safe-driver discounts applied.
If you would like to see a list of insurers that have a full spectrum of discounts in Philadelphia, click here.
Car insurance agents near you
A lot of people would prefer to talk to a local agent and that is a personal choice. One of the benefits of comparing insurance prices online is you may find lower rates but still work with a licensed agent. Buying from neighborhood agents is especially important in Philadelphia.
Once you complete this simple form, the quote information is sent to participating agents in Philadelphia who will give you bids to get your business. There is no need to find an agent due to the fact that quote results will go straight to your inbox. You can find the lowest rates and an insurance agent to talk to. If you wish to compare rates for a specific company, you would need to jump over to their website and give them your coverage information.
When looking for a good insurance agency, you need to know there are two different types of agents and how they differ in how they can insure your vehicles. Car insurance agencies can be categorized as either independent (non-exclusive) or exclusive.
Independent Car Insurance Agencies or Brokers
Independent agencies do not have single company limitations and that is an advantage because they can write policies with multiple insurance companies and potentially find a lower price. If your premiums go up, your agent can switch companies and you don't have to do anything.
When searching for an agent, we recommend you get quotes from multiple independent agents to get the best comparison.
Listed below is a short list of independent agents in Philadelphia who can help you get free car insurance rate quotes.
Nationwide Insurance: Ferullo Insurance Agencies LLC
1636 S Front St - Philadelphia, PA 19148 - (215) 468-4116 - View Map
Rexach Insurance Agency
2932 N 5th St - Philadelphia, PA 19133 - (215) 229-6320 - View Map
Exclusive Insurance Agents
Exclusive insurance agents can only write with one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agencies are unable to compare rates from other companies so they have to upsell other benefits. They are usually well trained on their company's products which helps them sell insurance even at higher premiums.
Below are exclusive insurance agencies in Philadelphia that are able to give price quote information.
George Kweder - State Farm Insurance Agent
1521 W Oregon Ave - Philadelphia, PA 19145 - (215) 467-1837 - View Map
Picking the best insurance agent should include more criteria than just the bottom line cost. Here are some questions to ask:
- Is the coverage adequate for your vehicle?
- How experienced are they in personal risk management?
- What is the financial rating for the quoted company?
- Does the agency have a positive business rating?
- Do they write coverage based solely on cost?
- What insurance companies do they work with in Philadelphia?
Lower-priced auto insurance in Philadelphia is definitely available from both online companies and from local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies may not have price quotes online and most of the time these small insurance companies sell through local independent agents.
We've covered a lot of information how to lower your Toyota Sienna insurance premium rates in Philadelphia. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates are with the smaller companies. These smaller insurers may have significantly lower prices on certain market segments as compared to the big name companies such as GEICO and State Farm.
To read more, feel free to visit the resources below:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- How Much are Car Insurance Quotes for a 20 Year Old Male in Philadelphia? (FAQ)
- What Insurance is Cheapest for High Mileage Drivers in Philadelphia? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Uninsured Drivers in Philadelphia? (FAQ)
- Who Has Cheap Car Insurance Rates for a Honda Accord in Philadelphia? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- Frontal Crash Tests (iihs.org)