Save on Toyota Sienna Insurance in Greensboro

How long has it been since the last time you looked for more competitive auto insurance rates in Greensboro, NC? Greensboro buyers have options when searching for low-cost Toyota Sienna insurance. They can either waste time struggling with agents to compare prices or leverage the internet to get rate quotes. There is a better way to buy auto insurance so we’re going to tell you the best way to get price quotes for a Toyota and get the best price possible from Greensboro insurance agents and online providers.

Lower Your Greensboro Insurance Prices

When buying auto insurance it’s important to understand some of the elements that help calculate your auto insurance rates. When consumers understand what influences your rates, this enables you to make decisions that will entitle you to lower rates. Many factors are part of the equation when you get your auto insurance bill. Some are pretty understandable like an MVR report, but other factors are not quite as obvious such as whether you are married or your commute time.

The items below are just a few of the factors that factor into your rates.

• Your gender affects costs – Over the last 30 years, statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women tend to get into accidents in similar percentages, but guys tend to have more serious accidents. Men also statistically have more aggressive citations such as DWI and reckless driving.

  The diagram below compares Toyota Sienna auto insurance rates for male and female drivers. Data assumes no accidents, no driving violations, full coverage, $500 deductibles, single status, and no discounts are factored in.

• Discounts for married drivers – Having a significant other helps lower the price on auto insurance. Marriage may mean you are more mature and responsible and statistics prove drivers who are married file infrequent claims.

• Premiums increase with driving tickets – Having a clean driving record can have a huge impact on auto insurance premiums. Attentive drivers get better prices compared to drivers with tickets. Just one moving violation can increase rates to the point where it’s not affordable. Drivers with dangerous violations such as DWI, reckless driving or hit and run convictions are required to file a SR-22 with their state motor vehicle department in order to continue driving.

  The chart below highlights how traffic violations and fender-benders can affect Toyota Sienna yearly insurance costs for different age groups. Data assumes a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

• Infrequent drivers can save – The more miles you rack up on your Toyota each year the more it will cost to insure it. Almost all companies charge to insure your cars based on their usage. Cars and trucks that are left in the garage receive lower rates than those used for commuting. Having the wrong rating on your Sienna can cost quite a bit. It’s always a good idea to double check that your policy is showing the right rating data.

• Insurance loss statistics a Toyota Sienna – Car insurance companies use past insurance losses when they file their rates in each state. Vehicles that statistically have higher claim amounts or frequency will have increased rates.

  The information below illustrates the actual insurance loss data for Toyota Sienna vehicles. For each policy coverage type, the loss probability for all vehicles combined as an average is considered to be 100. Percentages below 100 suggest a better than average loss history, while numbers shown that are more than 100 point to more frequent losses or larger claims.

  
  

  Toyota Sienna Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Sienna 2WD	99	88	99	94	98	85
  Toyota Sienna 4WD	106	94	102	75	65	73

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Toyota Sienna insurance analysis

The rate table displayed next outlines estimates of insurance premium costs for Toyota Sienna models. Understanding more about how insurance quotes are formulated can assist in making smart buying decisions.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Information does not factor in specific garaging location which can alter coverage rates greatly.

An analysis of deductible level

When shopping for car insurance, a common question is the level to set your comp and collision deductibles. The tables below may help to illustrate the differences in premium rates when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in specific garaging location which can modify auto insurance rates substantially.

Based on the data above, we can derive that using a $250 deductible will cost you roughly $19 more each month or $228 annually than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 39 months between claim filings, you would save money if you choose the higher deductible.

Toyota Sienna liability-only versus full coverage

The diagram below visualizes the comparison of Toyota Sienna car insurance rates with full coverage and liability only. The rate quotes are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are applied to the premium.

Guidelines for eliminating full coverage

There is no written rule that is best for determining when to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Toyota Sienna book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $8,000 after the deductible is paid. If premiums are more than $800 a year to have full coverage, then you might want to think about dropping full coverage.

There are some scenarios where buying only liability insurance is not recommended. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Reduce your auto insurance rates with discounts

Auto insurance can be pricey, but you might be missing out on some discounts that you may not even be aware of. Many of these discounts will be applied automatically at the time of purchase, but a few must be asked about before being credited.

• Discounts for Safe Drivers – Accident-free drivers can pay as much as 50% less than drivers with accidents.
• Paper-free Discount – A few larger online companies may give you up to $50 for signing up on the internet.
• Defensive Driver – Participating in a safe driver class may get you a small discount and easily pay for the cost of the class.
• Student Driver Training – It’s a good idea to have your young drivers successfully take a driver’s education course as it can save substantially.
• Air Bag Discount – Factory air bags or automatic seat belts can receive discounts of more than 20%.
• ABS Braking Discount – Vehicles that have steering control and anti-lock brakes are safer to drive so companies give up to a 10% discount.
• Student in College – College-age children who live away from home at college and do not have access to a covered vehicle could qualify for this discount.
• First Accident Forgiveness – Not really a discount, but companies like GEICO, Allstate and Liberty Mutual will forgive one accident without getting socked with a rate hike if your claims history is clear for a particular time prior to the accident.
• Safety Restraint Discount – Buckling up and requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.

As is typical with insurance, most discount credits are not given to the whole policy. Most only reduce the cost of specific coverages such as comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, you aren’t that lucky.

The illustration below shows the comparison of Toyota Sienna insurance rates with and without policy discounts. The rate quotes are based on a male driver, no claims or driving citations, North Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, claim-free, multi-policy, and marriage discounts applied.

Larger auto insurance companies and the discounts they provide are outlined below.

• Farm Bureau may offer discounts for multi-vehicle, renewal discount, multi-policy, 55 and retired, and good student.
• MetLife offers discounts for good student, multi-policy, claim-free, good driver, defensive driver, and accident-free.
• Progressive offers discounts including homeowner, continuous coverage, good student, multi-policy, multi-vehicle, online signing, and online quote discount.
• AAA discounts include anti-theft, good student, education and occupation, AAA membership discount, and multi-car.
• American Family has discounts for early bird, TimeAway discount, multi-vehicle, good student, and bundled insurance.
• GEICO policyholders can earn discounts including driver training, defensive driver, multi-policy, multi-vehicle, military active duty, and anti-theft.
• State Farm has savings for multiple policy, multiple autos, safe vehicle, accident-free, defensive driving training, good driver, and passive restraint.

When getting a coverage quote, ask every insurance company which discounts can lower your rates. Some discounts listed above might not be offered on policies in every state. To locate insurers who offer free Toyota Sienna insurance quotes in North Carolina, click here.

Persistence pays off

You just learned many ways to reduce Toyota Sienna insurance premium rates online in Greensboro. The key concept to understand is the more quotes you get, the better chance you’ll have of finding the cheapest Toyota Sienna rate quotes. You may even discover the lowest premium rates come from some of the lesser-known companies.

Drivers who switch companies do it for a variety of reasons including poor customer service, delays in responding to claim requests, high prices and even lack of trust in their agent. No matter why you want to switch, switching companies is easier than you think.

When shopping online for car insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

Steps to finding cheaper rates for Toyota Sienna insurance in Greensboro

If your goal is the lowest price, then the best way to get affordable Toyota Sienna insurance is to make a habit of comparing prices annually from insurers in Greensboro.

Step 1: It will benefit you to learn about car insurance and the things you can control to keep rates down. Many risk factors that result in higher rates such as accidents, traffic violations, and a negative credit score can be controlled by making small lifestyle or driving habit changes.

Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple sources. View companies

Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available in Greensboro. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Give notification to your current company of your intent to cancel your current car insurance policy and submit payment along with a signed and completed policy application to your new insurance company. Immediately upon receiving it, keep your new certificate of insurance with the vehicle registration.

One tip to remember is that you’ll want to compare the same level of coverage on each price quote and and to get rate quotes from as many different insurance providers as possible. This provides an apples-to-apples comparison and the best rate selection.

Additional car insurance information can be read at the links below

• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• How Much are Greensboro Car Insurance Rates for Good Students? (FAQ)
• Who Has Cheap Greensboro Auto Insurance Rates for a Subaru Outback? (FAQ)
• What is Full Coverage? (Allstate)
• Determining Auto Insurance Rates (GEICO)
• Tread Depth and Tire Safety (State Farm)
• Understanding Car Crashes Video (iihs.org)