The best way to get more affordable Toyota Prius Prime insurance in Indianapolis is to make a habit of regularly comparing prices from insurance carriers who provide auto insurance in Indiana. Prices can be compared by following these steps.
- Step 1: Read and learn about how companies set rates and the steps you can take to keep rates in check. Many factors that cause rate increases such as at-fault accidents, careless driving, and a substandard credit history can be rectified by improving your driving habits or financial responsibility.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you find a lower rate quote, make sure there is no lapse in coverage.
An important note is to make sure you enter similar coverage information on every price quote and and to compare every insurance company. This ensures the most accurate price comparison and the best price selection.
Unfortunately, most consumers have purchased from the same company for four years or more, and approximately 38% of consumers have never compared rates from other carriers. Indianapolis drivers could pocket as much as 55% a year, but they don’t invest the time required to do a rate comparison.
Most companies give prices for coverage online. Doing online quotes for Toyota Prius Prime insurance in Indianapolis is very simple as you just type in your required coverages as detailed in the form. When the form is submitted, the quote system obtains reports for credit and driving violations and returns a price quote based on these factors.
This makes comparing rates easy, and it’s also necessary to perform this step if you are searching for a lower rate.
To quickly find out what other companies charge, take a look at the companies shown below. If you have your current policy handy, we recommend you complete the form with the limits and deductibles exactly as shown on your declarations page. Using the same limits helps guarantee you will get a rate comparison using the exact same coverages.
The following companies offer free quotes in Indianapolis, IN. If several companies are displayed, it’s highly recommended you get rate quotes from several of them in order to find the most affordable rates.
Insuring your Toyota vehicle just makes sense
Despite the fact that auto insurance is not cheap in Indianapolis, insuring your vehicle may be required for several reasons.
First, just about all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability protection in order to get the vehicle licensed. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a loan, almost all lenders will stipulate that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Toyota at a much higher premium rate and require you to pay for the expensive policy.
Third, auto insurance preserves not only your vehicle but also your assets. It will also provide coverage for hospital and medical expenses incurred in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if anyone sues you for causing an accident. If your Toyota gets damaged, your policy will cover the damage repairs after a deductible is paid.
The benefits of buying auto insurance outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $830 a year so smart consumers compare quotes every year to be sure current rates are still competitive.
Verify you’re receiving every discount
Some providers don’t list the entire discount list in an easy-to-find place, so here is a list a few of the more common and the more hidden discounts you could be receiving when you buy Indianapolis auto insurance online. If you aren’t receiving every discount available, you are just wasting money.
- Savings for New Vehicles – Adding a new car to your policy is cheaper since new vehicles are generally safer.
- Good Driver Discount – Drivers without accidents may receive a discount up to 45% compared to accident prone drivers.
- Government Employees – Employees or retirees of the government can earn a discount up to 10% depending on your company.
- No Accidents – Good drivers with no accidents can earn big discounts when compared with insureds who have frequent claims or accidents.
- Air Bag Discount – Options like air bags or motorized seat belts may qualify for discounts of up to 25% or more.
- Active Military Service – Being deployed with a military unit could mean lower rates.
- Accident Waiver – Not really a discount, but companies like Liberty Mutual, GEICO and Allstate will forgive one accident before hitting you with a surcharge as long as you don’t have any claims for a certain period of time.
A little disclaimer on discounts, many deductions do not apply to the whole policy. Most only reduce individual premiums such as comp or med pay. So when it seems like you would end up receiving a 100% discount, nobody gets a free ride.
A list of auto insurance companies and their possible discounts include:
- GEICO has savings for emergency military deployment, good student, membership and employees, defensive driver, air bags, and anti-theft.
- Travelers offers premium reductions for home ownership, IntelliDrive, good student, student away at school, and early quote.
- Farm Bureau may have discounts that include safe driver, 55 and retired, multi-policy, good student, renewal discount, youthful driver, and multi-vehicle.
- Liberty Mutual has discounts for newly married, new graduate, good student, newly retired, and new move discount.
- American Family discounts include bundled insurance, good student, accident-free, good driver, and mySafetyValet.
- Progressive may offer discounts for online signing, multi-policy, multi-vehicle, online quote discount, homeowner, and continuous coverage.
When quoting, ask each insurance company how you can save money. Discounts may not be offered everywhere.
When to talk to an insurance agency
A lot of people prefer to sit down and talk to an agent and doing that can be a smart decision The biggest benefit of price shopping on the web is the fact that you can find cheaper premium rates but still work with a licensed agent. Supporting neighborhood agents is definitely important in Indianapolis.
To make it easy to find an agent, after completing this short form, your insurance data is emailed to agents in your area that can provide free Indianapolis auto insurance quotes for your business. There is no need to contact any insurance agencies due to the fact that quote results will go to your email. You can get cheaper car insurance rates AND a local agent. If you need to get a comparison quote from a specific car insurance provider, feel free to find their quoting web page and fill out their quote form.
If you are searching for a local insurance agency, you need to know there are two different types of agents and how they can write your policy. Car insurance agents in Indianapolis can be described as either independent or exclusive depending on the company they work for.
Agents that choose to be independent are not locked into one company and that gives them the ability to insure with lots of companies and possibly get better coverage at lower prices. If they find a cheaper price, they can switch companies in-house without you having to go to a different agency. If you are comparing car insurance prices, you will definitely want to compare prices from independent agents for the best price selection. Most can insure with smaller mutual companies that can offer cheaper rates than bigger companies.
Featured below is a small list of independent insurance agencies in Indianapolis that can possibly get you comparison quotes.
- Indiana Auto Insurance Group
201 N Illinois St – Indianapolis, IN 46204 – (317) 641-4572 – View Map
- Summit Insurance Agency Inc
9302 N Meridian St #297 – Indianapolis, IN 46260 – (317) 844-4701 – View Map
- Shepherd Insurance and Financial Services
111 Congressional Blvd Suite 100 – Carmel, IN 46032 – (317) 846-5554 – View Map
Exclusive Car Insurance Agencies
Agents in the exclusive channel write business for a single company like Allstate, Farmers Insurance or State Farm. These agents are not able to place coverage with different providers so you need to shop around if the rates are high. Exclusive agents are very knowledgeable on sales techniques which aids in selling service over price. Drivers often use the same agent partially due to the brand name rather than low price.
Shown below is a short list of exclusive agencies in Indianapolis that are able to give rate quotes.
- Brandon Libunao – State Farm Insurance Agent
1014 Prospect St – Indianapolis, IN 46203 – (317) 783-3391 – View Map
- Tia Walker – State Farm Insurance Agent
2169 Glebe St #100a – Carmel, IN 46032 – (317) 890-1200 – View Map
- Keith Eberg – State Farm Insurance Agent
7550 S Meridian St d – Indianapolis, IN 46217 – (317) 887-1400 – View Map
Choosing an insurance agency requires more thought than just the price. These are some questions you should get answers to.
- Where are claims handled?
- Is there a 24/7 contact number?
- Is every driver in your family covered?
- Do they offer rental car reimbursement?
- What insurance companies do they work with in Indianapolis?
- How are they compensated?
- Can they provide you with a list of referrals?
- Are there any hidden costs in their price quote and does it include driving and credit history?
Insurance policy coverages for a Toyota Prius Prime
Understanding the coverages of your policy aids in choosing the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.
Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things like hitting a deer, damage from getting keyed, vandalism and fire damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Auto liability insurance
Liability coverage provides protection from injuries or damage you cause to other people or property in an accident. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/10 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $10,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for claims such as medical services, repair bills for other people’s vehicles, pain and suffering, bail bonds and emergency aid. How much liability should you purchase? That is up to you, but consider buying higher limits if possible. Indiana requires drivers to carry at least 25/50/10 but you should consider buying more coverage.
The next chart demonstrates why buying the state minimum limits may not be high enough to cover claims.
This will pay to fix damage to your Prius Prime resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for things such as crashing into a ditch, hitting a mailbox and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible on your Prius Prime to save money on collision insurance.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance pay for bills for things like pain medications, EMT expenses and dental work. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist coverage
This protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Toyota Prius Prime.
Since a lot of drivers have only the minimum liability required by law (25/50/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Normally these coverages are similar to your liability insurance amounts.
Compare but don’t skimp
We just presented many tips how you can find cheap Toyota Prius Prime insurance in Indianapolis. The most important thing to understand is the more you quote Indianapolis auto insurance, the higher your chance of finding cheaper Indianapolis auto insurance quotes. You may even discover the biggest savings come from some of the lesser-known companies.
When searching for affordable Indianapolis auto insurance quotes, it’s very important that you do not sacrifice coverage to reduce premiums. In many instances, someone dropped uninsured motorist or liability limits only to find out that it was a big error on their part. Your strategy should be to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.
More affordable insurance in Indianapolis is available both online and from local insurance agents, so you need to shop Indianapolis auto insurance with both to have the best selection. A few companies do not provide the ability to get quotes online and many times these smaller providers sell through independent agents.
To read more, feel free to browse these articles:
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Who Has the Cheapest Indianapolis Auto Insurance Rates for a Toyota RAV4? (FAQ)
- Who Has the Cheapest Auto Insurance for Active Military in Indianapolis? (FAQ)
- What is the Best Cheap Auto Insurance in Indiana? (FAQ)
- Who Has the Cheapest Auto Insurance for Teenagers in Indianapolis? (FAQ)
- Who Has Affordable Indianapolis Auto Insurance for a Learners Permit? (FAQ)
- Learn About Car Insurance (GEICO)
- Safe Vehicles for Teens (iihs.org)
- All About Airbag Safety (State Farm)
- Shopping for a Safe Car (Insurance Information Institute)