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.

It 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.

• Step 1: Spend a few minutes and learn about individual coverages and the measures you can take to keep rates down. Many risk factors that cause rate increases such as traffic citations and your credit history can be controlled by making small lifestyle or driving habit changes.
• Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agencies can quote rates from multiple insurance companies.
• Step 3: Compare the new quotes to your current policy to see if a cheaper price is available. If you find better rates and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
• Step 4: Provide adequate notice to your current company to cancel your current auto insurance policy and submit payment and a signed application to your new company or agent. As soon as you have the new policy, put the new proof of insurance paperwork along with the vehicle’s registration papers.

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.

• Which gender costs less? – Over the last 50 years, statistics have shown females are less aggressive when driving. The data does not necessarily mean that women are BETTER drivers than men. Women and men cause auto accidents in similar numbers, but the male of the species cause more damage. Not only that, but men also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers have the highest risk to insure and therefore are the most expensive to insure.

  The diagram below compares Toyota Venza car insurance costs for male and female drivers. The premium estimates are based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, single marital status, and no discounts are factored in.

• Buy as much liability insurance as you can afford – Your insurance policy’s liability coverage kicks in if ever you are determined to be liable for personal injury or accident damage. Liability insurance provides you with a defense in court to defend your case. It is affordable coverage when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.

• Bad driving leads to higher prices – Just one speeding ticket or other violation could increase your next policy renewal forty percent or more. Good drivers have lower premiums compared to drivers with tickets. Drivers unfortunate enough to have careless citations like reckless driving or DUI may need to file a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.

  The diagram below demonstrates how citations and at-fault accidents can influence Toyota Venza insurance premiums for different age groups. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

• Youthful drivers cost more – Drivers with little experience have been known to be inattentive and easily distracted when behind the wheel so insurance rates are higher. Parents adding a young driver to your policy can break the bank. More experienced drivers are more cautious drivers, cause fewer claims and accidents, and are safer drivers.

  The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Insurance rates and your employer – Careers like judges, air traffic controllers, and emergency personnel tend to have higher average rates because of high stress levels and lengthy work days. On the other hand, occupations such as professors, engineers and retirees receive lower rates.
• Get married and pay lower prices – Having a spouse helps lower the price on insurance. Having a significant other demonstrates that you tend to be more mature than a single person and insurance companies reward insureds because drivers who are married file infrequent claims.
• Where you live factors in – Choosing to live in less populated areas of the country can be a good thing when insuring your vehicles. Fewer drivers on the road corresponds to lower accident rates. Residents of big cities have congested traffic and much longer commute distances. More time behind the wheel statistically corresponds to a higher accident and claim rate.

• Insurance loss data for Toyota Venza vehicles – Insurers use past insurance losses to help calculate premium rates. Vehicles that tend to have high amounts or severity of claims will cost more to insure. The next table shows the compiled insurance loss statistics for Toyota Venza vehicles.

  For each coverage category, the claim probability for all vehicles, as an average, is considered to be 100. Values below 100 are indicative of better than average losses, while numbers above 100 point to more frequent losses or statistically larger losses.

  
  

  Auto Insurance Loss Data for Toyota Venza Models

  Specific Toyota Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Venza 4dr 2WD	93	102	86	115	110	93
  Toyota Venza 4dr 4WD	94	102	97	120	94	87

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

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.

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.

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.

• Own a Home and Save – Owning a home in Anchorage may trigger a policy discount on auto insurance since home ownership means you have a higher level of financial diligence.
• Bundle and Save – If you combine your home and auto policies and insure them with the same company they may give you a discount of at least 10% off all policies.
• Safety Course Discount – Taking part in a class that teaches defensive driver techniques could earn you a small percentage discount if you qualify.
• Theft Deterrent Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and will qualify for a discount on a Anchorage auto insurance quote.
• No Charge for an Accident – Not really a discount, but a few companies such as State Farm and GEICO may permit one accident without the usual rate increase if you are claim-free prior to being involved in the accident.
• Air Bags and Passive Restraints – Cars that have air bags or automatic seat belts may get savings of 25 to 30%.

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.

• Travelers includes discounts for save driver, continuous insurance, hybrid/electric vehicle, multi-car, good student, and student away at school.
• 21st Century may include discounts for anti-lock brakes, early bird, homeowners, air bags, driver training, 55 and older, and defensive driver.
• State Farm has discounts for passive restraint, safe vehicle, Drive Safe & Save, good driver, and defensive driving training.
• GEICO offers premium reductions for defensive driver, military active duty, daytime running lights, driver training, and multi-vehicle.
• SAFECO has savings for teen safe driver, bundle discounts, teen safety rewards, drive less, anti-lock brakes, and safe driver.
• AAA offers discounts for good driver, pay-in-full, education and occupation, AAA membership discount, and good student.

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.

Additional information

• Auto Insurance FAQ (Farmers Insurance)
• How to Avoid Common Accidents (State Farm)
• Child Safety Seats (Insurance Information Institute)