Compare Toyota Venza Insurance Rate Quotes in Anchorage

It’s safe to conclude that insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for the cheapest rate will probably switch insurance companies because the odds are good of finding more affordable rates. A recent insurance study revealed that people who routinely shopped around saved on average $865 annually as compared to drivers who never shopped around for cheaper prices.

If finding budget-friendly Toyota Venza insurance in Anchorage is why you’re reading this, then understanding how to quote and compare insurance can help you be more efficient.

Insurance for Toyota VenzaIt takes a few minutes, but the best way to get more affordable car insurance rates is to compare quotes annually from insurance carriers who can sell car insurance in Anchorage.

One thing to remember is to make sure you enter the same amount of coverage on every price quote and and to get price estimates from all possible companies. Doing this provides a fair rate comparison and a better comparison of the market.

How do Insurers Determine Toyota Venza Insurance Premiums?

Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like an MVR report, although some other factors are not quite as obvious such as your credit history or how safe your car is.

Shown below are a few of the things utilized by car insurance companies to help set prices.

Toyota Venza insurance statistics and information

The premium table displayed next covers a range of insurance coverage prices for Toyota Venza models. Learning a little about how premiums are established is important for making smart choices when choosing a car insurance company.

Toyota Venza Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $228 $488 $286 $16 $86 $1,104 $92
Venza AWD 4-Dr $228 $488 $286 $16 $86 $1,104 $92
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Estimates do not factor in vehicle garaging location which can change coverage rates significantly.

Comparison of policy deductibles

One common question asked by Anchorage drivers is where should you set your physical damage deductibles. The comparison tables below may help to illustrate how much more you’ll pay when you buy lower versus higher physical damage deductibles. The first rate table uses a $100 physical damage coverage deductible and the second price grid uses a $500 deductible.

Toyota Venza insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $264 $498 $272 $16 $82 $1,157 $96
Venza AWD 4-Dr $264 $498 $272 $16 $82 $1,157 $96
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Toyota Venza insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $192 $336 $272 $16 $82 $898 $75
Venza AWD 4-Dr $192 $336 $272 $16 $82 $898 $75
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can impact premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $21 more each month or $252 annually across all Toyota Venza models than choosing the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 19 months between claims, you would save money if you choose the higher deductible.

Anchorage auto insurance discounts

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that can help lower your rates. Some discounts apply automatically when you quote, but occasionally some discounts must be specially asked for before you will receive the discount.Save money with discounts

One thing to note about discounts is that many deductions do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So when it seems like all the discounts add up to a free policy, it just doesn’t work that way.

The example below illustrates the comparison of Toyota Venza car insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a female driver, no claims, a clean driving record, Alaska state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, multi-policy, safe-driver, and marriage discounts applied.

A few of the larger companies and a selection of discounts are shown below.

When getting a coverage quote, ask each insurance company how you can save money. Some discounts listed above may not apply to policyholders in Anchorage. If you would like to see a list of providers who offer discounts in Anchorage, click this link.

Final considerations

When buying insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, an accident victim reduced liability limits or collision coverage to discover at claim time they didn’t have enough coverage. Your focus should be to purchase plenty of coverage at the lowest possible cost while not skimping on critical coverages.

We’ve covered many ways to get a better price on Toyota Venza insurance in Anchorage. The key thing to remember is the more you quote Anchorage auto insurance, the better chance you’ll have of finding affordable Toyota Venza insurance quotes. You may even be surprised to find that the most savings is with a lesser-known regional company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like GEICO and State Farm.

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