Inconceivable but true, over 70% of consumers have remained with the same car insurance company for four years or more, and approximately 40% of consumers have never taken the time to shop around. Many consumers in America can cut their rates by roughly $850 a year, but most just don’t grasp the rate savings if they bought a different policy.
The preferred way to get cheaper auto insurance rates in Chandler is to begin comparing prices regularly from insurers who can sell car insurance in Arizona. You can shop around by completing these steps.
Step 1: Spend some time learning about car insurance and the steps you can take to prevent high rates. Many risk factors that cause high rates such as traffic tickets, fender benders, and an imperfect credit history can be rectified by being financially responsible and driving safely. Continue reading for more ideas to help reduce prices and get additional discounts that may be available.
Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO and State Farm, while agents who are independent can quote prices for a wide range of companies.
Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Chandler. If you can save some money and switch companies, ensure coverage does not lapse between policies.
Step 4: Provide written notification to your current company of your intent to cancel your existing policy and submit the signed application along with the required initial payment to the new insurer. As soon as coverage is bound, place the new certificate verifying coverage with the vehicle registration.
A good tip to remember is that you’ll want to compare the same amount of coverage on every price quote and and to get rates from as many companies as possible. This helps ensure the most accurate price comparison and the best rate selection.
The are a couple different ways to obtain and compare prices from many car insurance companies in Arizona. The easiest way by far to comparison shop is to get quotes online.
It’s so fast and easy to compare rate quotes online that it takes the place of having to physically go to different Chandler agent offices. Buying insurance online eliminates the middleman unless you have a need for the advice and guidance of a local Chandler agent. Although, it is possible price shop online and still use a local agent.
When price shopping your coverage, obtaining a wide range of quotes will increase your chances of finding the best price. Not every company does online price quotes, so you also need to get price quotes from the smaller companies as well.
The providers in the list below offer free rate quotes in Chandler, AZ. To locate the cheapest auto insurance in Arizona, it’s highly recommended you visit as many as you can to get the cheapest price.
Toyota Yaris coverage statistics
The premium information shown below showcases estimates of insurance rates for Toyota Yaris models. Knowing how auto insurance premiums are established is important for making smart buying decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Yaris 2-Dr Hatchback||$156||$324||$318||$18||$96||$912||$76|
|Yaris 4-Dr Hatchback||$156||$324||$282||$16||$84||$862||$72|
|Yaris 4-Dr Sedan||$156||$324||$282||$16||$84||$862||$72|
|Yaris S 2-Dr Hatchback||$178||$324||$318||$18||$96||$934||$78|
|Yaris S 4-Dr Hatchback||$178||$324||$282||$16||$84||$884||$74|
|Yaris S 4-Dr Sedan||$178||$324||$282||$16||$84||$884||$74|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Table data does not factor in vehicle garaging location which can alter insurance rates substantially.
Rate comparison of full coverage and liability-only
The illustration below compares Toyota Yaris premium costs when comparing full coverage to liability only. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.
When to stop paying for full coverage
There isn’t a written rule for phasing out physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s assume your Toyota Yaris replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after paying the physical damage deductible. If premium cost is more than $600 annually for your policy with full coverage, then you might consider buying liability only.
There are some scenarios where eliminating full coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Toyota Yaris Insurance Cost Factors
A large part of saving on insurance is knowing some of the things that go into determining your policy premiums. When consumers understand what determines base rates, this enables informed choices that can help you get cheaper rates.
Listed below are a partial list of the pieces companies use to determine your prices.
Additional coverages that may be costing you – There are a ton of extra add-on coverages that can waste your money if you aren’t diligent. Insurance for things like vanishing deductibles, towing coverage, and Farm Bureau memberships are some examples. These coverages may sound good initially, but if you have no use for them eliminate the coverages to reduce your premium.
Fast cars cost more to insure – The performance of the car you are trying to find cheaper insurance for makes a huge difference in your premium level. The lowest premiums are for lower performance four cylinder passenger models, but the cost you end up paying is determined by many additional factors.
The following data is based on a single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. The data compares Toyota Yaris policy rates compared to other makes and models that have different performance risks.
Gender as a rate factor – Statistics show that women are safer drivers than men. The data does not necessarily mean that females are better drivers. Females and males have fender benders in similar percentages, but men cause more damage. Not only that, but men also receive more costly citations like DUI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high insurance rates.
The illustration below shows the difference between Toyota Yaris insurance prices for male and female drivers. The data assumes no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Lower rates with a multi-policy discount – Most larger insurance companies will give better rates to clients that have more than one policy, otherwise known as a multi-policy discount. This can amount to ten or even fifteen percent. Even if you’re getting this discount consumers should still comparison shop to guarantee you are still saving the most.
Your location is important – Residing in smaller towns and rural areas of the country is a good thing when trying to find low car insurance rates. City drivers tend to have more road rage incidents and much longer commute distances. Lower population corresponds to lower accident rates.
Always keep your coverage in place – Driving without insurance is against the law and you will pay a penalty because you let your insurance coverage expire. And not only will insurance be more expensive, the inability to provide proof of insurance might get you a steep fine or even jail time.
Toyota Yaris claim statistics – Insurers analyze past claim statistics when determining insurance rates. Vehicles that statistically have higher losses will be charged more to insure. The table below shows the historical loss data for Toyota Yaris vehicles.
For each insurance policy coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is considered to be 100. Percentage numbers below 100 mean the vehicle has better than average losses, while values over 100 point to more claims or a tendency for claims to be larger.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Insurance protects more than just your car
Despite the fact that insurance is not cheap in Chandler, maintaining insurance is required in Arizona but it also protects you in many ways.
First, the majority of states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability insurance coverage in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your Toyota Yaris with a loan, almost every bank will stipulate that you have insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may have to buy a policy to insure your Toyota at a more expensive rate and make you pay the higher premium.
Third, insurance protects both your assets and your Toyota. It also can pay for medical bills for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your insurance policy will pay to have it repaired.
The benefits of having insurance outweigh the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $830 a year so smart consumers compare quotes at every renewal to help ensure money is not being wasted.