Best Ways to Save on Anchorage Scion tC Insurance

Discount Scion tC insuranceIt’s shocking but the vast majority of car insurance customers in Alaska have remained with the same car insurance company for at least the last four years, and just short of a majority have never compared rate quotes at all. Many drivers in the U.S. could save nearly $860 every year by just shopping around, but they don’t understand how simple it is to find lower-cost car insurance rates.

If you want to find the absolute lowest rates, then the best way to get the cheapest Scion tC insurance is to start doing an annual price comparison from providers who can sell car insurance in Anchorage. This can be done by completing these steps.

  1. Read and learn about coverages and the changes you can make to drop your rates. Many factors that result in higher rates such as tickets, at-fault accidents, and a substandard credit history can be rectified by making lifestyle changes or driving safer.
  2. Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes for a wide range of companies.
  3. Compare the price quotes to your existing rates and determine if there is any savings. If you find a lower rate quote and decide to switch, make sure there is no coverage gap between policies.
  4. Notify your company or agent to cancel your existing policy. Submit a signed application and payment to your new agent or company. As soon as coverage is bound, safely store the certificate verifying proof of insurance in a readily accessible location in your vehicle.

A good tip to remember is to use identical coverages on each quote and and to get price quotes from as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and the most accurate and complete price analysis.

All the larger car insurance companies such as Allstate and Progressive allow you to get coverage prices on the web. Comparing Scion tC insurance rates online is possible for anyone as all you need to do is type in the coverage amounts you desire as detailed in the form. After you complete the form, the quote system gets your driving and credit reports and gives you a price quote based on these and other factors.

Using the web to get quotes for Scion tC insurance in Anchorage makes it easy to compare insurance prices and it is imperative to compare as many rates as possible if you are searching for the cheapest price on car insurance.

In order to get comparison pricing now, check out the car insurance providers below. If you have coverage now, it’s recommended you replicate your coverages as close as possible to your current policy. This ensures you will have rate quotes for exact coverage.

The auto insurance companies shown below offer price comparisons in Anchorage, AK. To locate cheaper auto insurance in AK, we suggest you visit two to three different companies in order to get a fair rate comparison.

Auto insurance data for a Scion tC

The coverage table shown below showcases detailed analysis of insurance policy prices for Scion tC models. Having insight into how insurance prices are determined can help guide drivers when making informed purchases.

Scion tC Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TC 2-Dr Hatchback $134 $330 $326 $20 $98 $908 $76
Get Your Own Custom Quote Go

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate information does not factor in specific Anchorage garaging location which can decrease or increase auto insurance rates substantially.

Rate comparison for different deductibles

One of the hardest decisions when shopping for auto insurance is at what level do you set your deductibles. The figures shown below help summarize how much more rates are when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Scion tC insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TC 2-Dr Hatchback $234 $574 $340 $20 $102 $1,295 $108
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Scion tC insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
TC 2-Dr Hatchback $130 $302 $340 $20 $102 $894 $75
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in Anchorage location which can influence insurance rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $33 more each month or $396 for a full year across all Scion tC models than selecting the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 27 months between claims, you would probably be better off if you opt for a higher deductible.

The illustration below shows how choosing a deductible and can raise or lower Scion tC insurance rates for each different age category. The premium estimates are based on a married male driver, full coverage, and no policy discounts are applied.

Impact of violations and accidents on rates

The chart below demonstrates how citations and at-fault accidents influence Scion tC annual premium costs for different age categories. The costs are based on a married female driver, full coverage, $100 deductibles, and no discounts are factored in.

Auto insurance premiums based on gender

The chart below visualizes the comparison of Scion tC insurance rates for male and female drivers. The data assumes no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in.

Full coverage rates compared to liability-only

The information below visualizes the comparison of Scion tC insurance costs when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no written rule to delete comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your Scion tC book value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying your deductible. If premium cost is more than $700 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some situations where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Three good reasons to insure your Scion tC

Even though it can be expensive, buying auto insurance serves a purpose in several ways.

First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to be legal. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a loan on your tC, it’s guaranteed your bank will force you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Scion at a significantly higher premium and require you to fork over for the much more expensive policy.

Third, insurance safeguards both your assets and your Scion. Insurance will pay for medical bills for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your Scion gets damaged, your policy will pay to repair the damage minus the deductible amount.

The benefits of having auto insurance are definitely more than the cost, particularly if you ever have a claim. An average driver in America is overpaying more than $800 each year so it’s very important to do a rate comparison at every policy renewal to save money.

Insurance policy specifics

Learning about specific coverages of your insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for bills for dental work, EMT expenses and pain medications. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

This gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Scion tC.

Because many people have only the minimum liability required by law (50/100/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these coverages do not exceed the liability coverage limits.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, a broken windshield and fire damage. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage protects you from damage or injury you incur to people or other property that is your fault. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/25 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as loss of income, funeral expenses and court costs. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford. Alaska requires minimum liability limits of 50/100/25 but drivers should carry more liability than the minimum.

The illustration below shows why minimum state limits may not provide you with enough coverage.

Collision coverage protection

This coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sideswiping another vehicle, crashing into a building, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible on your tC to save money on collision insurance.