Affordable Toyota Prius Insurance in Anchorage

Truthfully, the best way to find low-cost Toyota Prius insurance in Anchorage is to start doing an annual price comparison from insurance carriers in Alaska. Rate comparisons can be done by following these steps.

First, get an understanding of how insurance works and the measures you can control to keep rates in check. Many policy risk factors that cause rate increases such as high-risk driving behaviors and a negative credit rating can be improved by making minor driving habit or lifestyle changes. Continue reading for ideas to get cheaper coverage and get bigger discounts that may have been overlooked.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while independent agencies can quote prices for many different companies.

Third, compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote, ensure coverage does not lapse between policies.

Fourth, provide proper notification to your current company to cancel your current policy. Submit a completed application and payment to your new company or agent. Once the paperwork is finalized, place your new certificate verifying coverage in an easily accessible location.

The key thing to know about shopping around is that you’ll want to compare similar deductibles and liability limits on every quote and and to look at as many different companies as possible. Doing this ensures an accurate price comparison and many rates to choose from.

Insurance quote for Toyota Prius in AnchorageIt’s safe to assume that car insurance companies want to keep your business as long as possible. Insureds who rate shop once a year will probably buy a new policy because there is a high probability of finding lower rate quotes. A study showed that people who regularly compared rates saved approximately $3,500 over four years compared to those who never shopped for cheaper rates.

If finding budget-friendly insurance is your objective, then learning a little about how to choose a company and compare insurance coverage can make it simple to find affordable coverage.

Best companies for Toyota Prius insurance

The companies in the list below provide free rate quotes in Alaska. In order to find cheap auto insurance in Alaska, it’s highly recommended you visit two to three different companies to get the lowest price.

Insurance rate breakdown

The information below highlights estimates of insurance policy prices for Toyota Prius models. Knowing how rates are figured can assist in making decisions when shopping your coverage around.

Toyota Prius Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $204 $350 $218 $12 $66 $850 $71
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in specific Anchorage garaging location which can influence prices substantially.

Physical damage deductibles

When buying car insurance, a common question is what deductibles to buy. The rates below can help you understand the rate differences between high and low coverage deductibles. The first table uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.

Toyota Prius insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $238 $354 $232 $14 $70 $933 $78
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Toyota Prius insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $192 $286 $232 $14 $70 $794 $66
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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 homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific Anchorage garaging location which can affect coverage prices noticeably.

Based on the figures above, using a $250 deductible costs an average of $12 more each month or $144 for a full year averaged for all Prius models than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 21 months between claim filings, you would probably save some money if you choose a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $78
Average monthly premium for $500 deductibles (subtract): – $66
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

How accidents and tickets impact rates

The illustration below illustrates how speeding tickets and accidents can influence Toyota Prius annual premium costs for different ages of insureds. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

Learn How to Buy Auto Insurance at a Discount

Many factors are taken into consideration when quoting car insurance. Most are fairly basic such as your driving history, although others are less apparent such as whether you are married or your commute time. The best way to find cheaper auto insurance is to take a look at some of the factors that play a part in calculating your premiums. When you understand what determines base rates, this enables you to make decisions that can earn you better auto insurance rates.

Listed below are just a few of the factors that factor into your rates.

Get affordable Toyota Prius insurance in Anchorage with discounts

Companies don’t list the complete list of policy discounts very well, so the list below details a few of the more common and also the lesser-known credits available to bring down your rates. If they aren’t giving you every credit available, you’re paying more than you need to.Cheaper insurance with discounts

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, it’s just not the way it works. Any qualifying discounts will bring down your policy cost.

The chart below compares Toyota Prius insurance costs with and without discounts applied. The price estimates are based on a male driver, no claims or violations, Alaska state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, marriage, homeowner, and multi-car discounts applied.

To see insurance companies that offer discounts in Anchorage, click here.

When should I get advice from an insurance agent?

Some people still prefer to get professional advice from a licensed agent and there is nothing wrong with that. The best thing about comparing car insurance online is the fact that you can find cheaper rates and still have a local agent. And supporting local insurance agencies is still important in Anchorage.

Anchorage insurance agentsFor easy comparison, once you complete this form (opens in new window), your coverage information gets sent to companies in Anchorage who will return price quotes and help you find cheaper coverage. You don’t have to visit any agencies since rate quotes are delivered directly to your email. You’ll get the best rates AND a local agent. In the event you want to get a rate quote from a specific company, don’t hesitate to navigate to their website and complete a quote there.

Below are Anchorage auto insurance companies who can help you get price quotes for Toyota Prius insurance in Anchorage.

More insurance agents

Selecting a company is decision based upon more than just a low price. Ask your prospective agent these questions:

Special considerations

When it comes to the best car insurance coverage, there really isn’t a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your car insurance should be unique as well.Higher deductibles save money
For example, these questions may help highlight if your insurance needs will benefit from professional help.

If you’re not sure about those questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

The best insurance company isn’t always the cheapest

Some companies do not provide price quotes online and many times these smaller companies only sell coverage through local independent agencies. Low-cost Toyota Prius insurance in Anchorage is definitely available from both online companies in addition to many Anchorage insurance agents, and you should compare rates from both in order to have the best chance of saving money.

As you shop your coverage around, never skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice liability coverage limits to discover at claim time that they should have had better coverage. The ultimate goal is to buy enough coverage at an affordable rate and still be able to protect your assets.

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