The best way we recommend to get affordable Toyota Prius insurance is to compare prices regularly from insurers who sell insurance in Aurora.
- Get a basic knowledge of how auto insurance works and the factors you can control to prevent expensive coverage. Many rating criteria that cause high rates like speeding and a less-than-favorable credit history can be controlled by being financially responsible and driving safely. This article gives more information to prevent rate hikes and find overlooked discounts.
- Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of companies. Start a quote
- Compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate and make a switch, make sure there is no lapse in coverage.
An important bit of advice to remember is that you use similar deductibles and liability limits on every price quote and and to look at every insurance company. Doing this ensures a level playing field and a complete selection of prices.
It’s hard to believe, but nearly 70% of Colorado drivers renewed their policy with the same company for at least four years, and practically 40% of insurance customers have never even shopped around for cheap coverage. Many drivers in the U.S. could pocket roughly 47% a year just by getting comparison quotes, but they don’t know the benefits if they just switched companies.
Low cost Toyota Prius insurance prices in Aurora
Reducing your Toyota Prius insurance rates doesn’t have to be difficult. You just have to spend a few minutes comparing free Aurora car insurance quotes to find the company with inexpensive Aurora car insurance quotes.
The companies shown below have been selected to offer free quotes in Colorado. If multiple companies are listed, it’s a good idea that you get price quotes from several of them to find the most competitive car insurance rates.
Why you need quality insurance for your Prius
Even though Aurora Prius insurance rates can get expensive, insuring your vehicle is not optional due to several reasons.
- Almost all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability coverage in order to license the vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your Toyota, most lenders will make it a condition of the loan that you have insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Toyota for a lot more money and require you to pay the higher premium.
- Auto insurance protects not only your Toyota but also your assets. Insurance will pay for many types of medical costs incurred in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to repair the damage.
The benefits of buying auto insurance outweigh the cost, especially with large liability claims. As of last year, the average driver in Colorado overpays as much as $800 each year so it’s very important to do a rate comparison every year to ensure rates are competitive.
Rates and data analysis
The table below highlights estimates of coverage prices for Toyota Prius models. Having a better idea how insurance premiums are determined is important for you to make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Prius | $334 | $628 | $362 | $22 | $108 | $1,454 | $121 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in specific garaging location which can increase or decrease coverage rates noticeably.
Deductible analysis
One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The comparison tables below may help to illustrate the differences in premium rates when you buy lower versus higher insurance deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Prius | $306 | $458 | $298 | $18 | $90 | $1,195 | $100 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Prius | $250 | $368 | $298 | $18 | $90 | $1,024 | $85 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in specific location which can change rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible costs roughly $15 more each month or $180 annually than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 17 months between claims, you would save more money by selecting a higher deductible. The table below illustrates an example of how you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $100 |
| Average monthly premium for $500 deductibles (subtract): | – $85 |
| Monthly savings from raising deductible: | $15 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $15 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
One thing to be aware of is that increasing deductibles to save money means you will have to pay more out-of-pocket at claim time. That will force you to have some available funds in the event you need to pay the higher deductible.
Price comparison of only insuring for liability
The example below illustrates the difference between Toyota Prius premium costs with full physical damage coverage and with liability coverage only. The data assumes no claims or driving violations, $500 deductibles, single status, and no discounts are applied to the premium.
Are you wasting money paying for full coverage?
There is no definitive guideline that works best for making the decision to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Toyota Prius replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,000 after paying the physical damage deductible. If you are paying more than $300 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are a few cases where removing full coverage is not advised. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Do you qualify for discounts on Toyota Prius insurance in Aurora?
Car insurance companies do not list all possible discounts very clearly, so the list below contains both the well known and also the lesser-known ways to save on auto insurance.
- Braking Control Discount – Anti-lock brake equipped vehicles are much safer to drive so you can save 10 percent or more.
- New Car Discount – Adding a new car to your policy is cheaper because new vehicles are generally safer.
- Active Service Discounts – Being on active deployment in the military may qualify for rate reductions.
- Theft Deterrent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Renewal Discounts – Some companies reward drivers for signing up prior to your current Prius insurance policy expiration. You could save around 10% when you buy Aurora car insurance online.
- Safety Course Discount – Successfully completing a driver safety class may get you a small discount depending on where you live.
- More Vehicles More Savings – Having multiple vehicles on a single policy could earn a price break for each car.
- Senior Citizen Discount – If you qualify as a senior citizen, you are able to get a small discount on rates.
Discounts lower rates, but most credits do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way.
The diagram below shows the comparison of Toyota Prius yearly insurance costs with and without discounts applied to the policy premium. The price estimates are based on a male driver, no claims, a clean driving record, Colorado state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, multi-car, homeowner, and multi-policy discounts applied.
To choose insurance companies that offer discounts in Aurora, click this link.
Independent versus exclusive insurance agents
Some people would prefer to go talk to an agent and we recommend doing that Insurance agents will help you protect your assets and give you someone to call. One of the best bonuses of comparing rates online is that you can find cheap car insurance rates and still buy from a local agent.
Upon completion of this short form, the quote information is submitted to participating agents in Aurora that provide free Aurora car insurance quotes for your business. There is no need to find an agent since price quotes are sent straight to your inbox. In the event you want to get a comparison quote from a specific car insurance provider, feel free to search and find their rate quote page and fill out the quote form the provide.
Deciding on a company requires you to look at more than just a low price. Before buying a policy in Aurora, get answers to these questions.
- Does the agent help file claims?
- Does the agent recommend any additional coverage?
- Can you get a list of referrals?
- Are claim adjusters local or do you have to take your car somewhere else?
- How many companies do they write for?
- Are they in the agency full-time?
When narrowing the list to find a local agent, you need to know there are two different agency structures and how they differ in how they can insure your vehicles. Car insurance agents are either independent (non-exclusive) or exclusive. Either type can write policy coverage, but it is a good idea to know how they differ since it can affect the type of agent you choose.
Exclusive Agencies
These agents are contracted to one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot shop your coverage around so you need to shop around if the rates are high. These agents receive a lot of sales training on their company’s products which helps offset the inability to provide other markets. Many people use the same agent partially due to the brand legacy rather than low rates.
Below is a list of exclusive agencies in Aurora who may provide you with price quote information.
- Farmers Insurance – Archie Verhoeff
13743 E Mississippi Ave #100 – Aurora, CO 80012 – (303) 363-1757 – View Map - Bill Mahaffy III – State Farm Insurance Agent
15281 E Smoky Hill Rd – Aurora, CO 80015 – (720) 886-0400 – View Map - Allstate Insurance: Jeff Heinrich
5001 S Parker Rd – Aurora, CO 80015 – (303) 773-2019 – View Map
Independent Agents (or Brokers)
These type of agents do not have single company limitations and that enables them to quote your coverage with any number of different companies and find the cheapest car insurance rates. If your premiums go up, they simply move the coverage in-house and you don’t have to find a new agent.
If you are comparing rate quotes, we highly recommend that you check rates from independent agents in order to compare the most rates. Most can insure with companies you’ve never heard of which may have better rates.
Shown below is a short list of independent insurance agents in Aurora willing to provide comparison quotes.
- L.A. Insurance Agency
9601 E Colfax Ave – Aurora, CO 80010 – (303) 577-2400 – View Map - ALINK Insurance Services
3033 S Parker Rd #120 – Aurora, CO 80014 – (303) 752-6479 – View Map - Premier Insurance
2241 S Peoria St # 202 – Aurora, CO 80014 – (303) 337-3600 – View Map
Once you have received good feedback to these questions and affordable Toyota Prius insurance rates in Aurora quotes, you may have just found an auto insurance agent that is reliable enough to provide car insurance coverage. Just be aware that policyholders can terminate coverage at any point so don’t think that you are permanently stuck with any specific agency for a certain time period.
More comparisons equals affordable rates
Lower-priced auto insurance in Aurora is attainable from both online companies and from local agencies, and you should compare rates from both to get a complete price analysis. A few companies don’t offer online rate quotes and most of the time these regional insurance providers only sell coverage through independent agents.
Insureds leave their current company for many reasons like high rates after DUI convictions, extreme rates for teen drivers, being labeled a high risk driver or even unfair underwriting practices. It doesn’t matter what your reason, choosing a new insurance company can be easier than you think.
You just learned a lot of techniques to save on Toyota Prius insurance in Aurora. The key concept to understand is the more you quote Aurora car insurance, the higher your chance of finding the cheapest Toyota Prius rate quotes. You may even be surprised to find that the most savings is with some of the lesser-known companies.
More detailed auto insurance information can be read in the articles below:
- Rental Car Insurance Tips (Insurance Information Institute)
- Who Has Affordable Aurora Auto Insurance for a Ford F-150? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Infrequent Drivers in Aurora? (FAQ)
- Child Safety FAQ (iihs.org)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Protecting Teens from Drunk Driving (Insurance Information Institute)