Compare Toyota Prius Insurance Quotes in Baltimore

Finding cheap prices on Toyota Prius insurance in Baltimore is kind of frustrating for beginners to shopping for insurance online. With such a big selection of agents and insurers to choose from, it can turn into a difficult challenge to find the perfect company for you.

Everyone knows that insurance companies don’t want you to compare rates. People who get comparison quotes at least once a year are likely to switch companies because of the high probability of finding a lower rate. A survey found that people who compared prices once a year saved $70 a month as compared to drivers who don’t regularly compare prices.

If finding discount rates on car insurance in Baltimore is your objective, then having some knowledge of how to shop and compare auto insurance can help make the process easier and more efficient.

Consumers need to take a look at other company’s rates yearly because car insurance rates change regularly. Despite the fact that you may have had the best premium rates on Toyota Prius insurance in Baltimore a couple years back you can probably find a better price now. You’ll find a ton of advice on Prius insurance online, but in this article, you’re going to get some of the best ways to lower your car insurance bill.

Most major insurance companies make it easy to get prices for coverage from their websites. Doing online price comparisons for Toyota Prius insurance in Baltimore is easy for anyone because you just enter your coverage information into the quote form. After you complete the form, the system will obtain your credit score and driving record and generates pricing information based on these factors.

Being able to quote online for Toyota Prius insurance in Baltimore makes it a lot easier to compare rates and it’s necessary to perform this step if you are searching for the best possible rates on insurance.

To save time and use this form to compare rates, compare rates now from the companies shown below. If you have a policy now, it’s recommended you input the coverage information as close as possible to your current policy. This guarantees you will have rate quotes based on identical coverages.

The following companies provide free rate quotes in Baltimore, MD. If you want to find cheap auto insurance in MD, we recommend you compare several of them in order to find the most competitive rates.

Choosing vehicle insurance is an important decision

Even though Baltimore Prius insurance rates can get expensive, maintaining insurance is not optional due to several reasons.

• The majority of states have minimum liability requirements which means you are required to carry a minimum amount of liability protection in order to get the vehicle licensed. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If your Toyota has a loan, most lenders will require you to buy insurance to protect their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Toyota at an extremely high rate and make you pay for it.
• Insurance protects not only your car but also your financial assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance definitely exceed the cost, especially if you ever need it. Unknowingly, the average driver is currently overpaying as much as $810 a year so you should quote and compare rates each time the policy renews to help ensure money is not being wasted.

Detailed insurance information

The information displayed next showcases different insurance policy prices for Toyota Prius models. Understanding how policy premiums are established can assist in making informed decisions when shopping around for a new policy.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rates do not factor in specific Baltimore garaging location which can revise rates significantly.

Physical damage deductible comparison

When buying auto insurance, a common question is how high should the physical damage coverage deductibles be. The following tables may help to conceptualize the price difference when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Prices do not factor in specific garaging location which can affect rates noticeably.

We can derive from the above data that using a $250 deductible will cost you roughly $16 more each month or $192 each year averaged for all Prius models than quoting the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at least 16 months between claims, you would probably come out ahead if you elect the higher deductible.

The illustration below illustrates how your deductible choice and can affect Toyota Prius yearly insurance costs for different age groups. Data assumes a married male driver, full coverage, and no policy discounts are applied.

Toyota Prius insurance costs by age and gender

The example below compares Toyota Prius annual premium costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, drivers are not married, and no discounts are applied.

How much more does full coverage cost in Baltimore?

The example below compares Toyota Prius annual premium costs with full physical damage coverage and with liability coverage only. The premiums assume no accidents or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no written rule for eliminating comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s assume your Toyota Prius book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after the deductible is paid. If you are paying in excess of $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some cases where removing full coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Affordable Baltimore auto insurance rates with discounts

Companies offering auto insurance do not list their entire list of discounts very clearly, so the list below details both the well known as well as the least known credits available to bring down your rates.

• ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes prevent accidents and will save you 10% or more on Prius insurance in Baltimore.
• Pay Now and Pay Less – If you can afford to pay the entire bill instead of monthly or quarterly installments you may have a lower total premium amount.
• Buy New and Save – Adding a new car to your policy can save you some money since new vehicles are generally safer.
• Professional Memberships – Participating in qualifying clubs or civic groups could trigger savings on your next auto insurance statement.
• Active Military Service – Being on active duty in the military may qualify for rate reductions.

Drivers should understand that most credits do not apply to the entire policy premium. Most only reduce specific coverage prices like comprehensive or collision. So despite the fact that it appears you could get a free auto insurance policy, you aren’t that lucky.

The diagram below visualizes the comparison of Toyota Prius insurance costs with and without discounts. The premiums assume a female driver, no claims, a clean driving record, Maryland state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, multi-car, marriage, and claim-free discounts applied.

The best auto insurance companies and a partial list of their discounts are shown below.

• State Farm may offer discounts for driver’s education, student away at school, anti-theft, passive restraint, and Steer Clear safe driver discount.
• Liberty Mutual offers discounts for new vehicle discount, teen driver discount, new move discount, exclusive group savings, multi-policy, preferred payment discount, and multi-car.
• American Family policyholders can earn discounts including Steer into Savings, TimeAway discount, air bags, good driver, early bird, and multi-vehicle.
• Progressive has savings for good student, continuous coverage, online signing, homeowner, multi-policy, and multi-vehicle.
• Farmers Insurance may have discounts that include homeowner, switch companies, early shopping, teen driver, distant student, and youthful driver.
• Auto-Owners Insurance includes discounts for multi-policy, safe driver, anti-theft, paid in full, anti-lock brakes, group or association, and air bags.
• SAFECO may include discounts for homeowner, teen safe driver, safe driver, accident prevention training, anti-theft, and anti-lock brakes.

If you are trying to find low cost Baltimore car insurance quotes, ask every insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be available in Baltimore.

Exclusive and independent car insurance agents

Many drivers still prefer to buy from a licensed agent and that is a personal choice. One of the benefits of comparing rates online is the fact that you can find lower prices and also buy local.

For easy comparison, once you complete this form (opens in new window), your insurance data gets sent to local insurance agents in Baltimore that can provide free Baltimore car insurance quotes for your business. There is no reason to leave your computer as quotes are delivered directly to your email. You can get cheaper insurance rates and an insurance agent to talk to. If you have a need to get a rate quote from a specific insurance provider, you can always navigate to their website and submit a quote form there.

Finding the right company needs to be determined by more than just the bottom line cost. The questions below may impact your decision as well.

• Does the agency have a good rating with the Better Business Bureau?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Do you qualify for any additional discounts?
• Can you choose the body shop in case repairs are needed?
• How long has their agency been open in Baltimore?
• Is the agent CPCU or CIC certified?
• Do they receive special compensation for putting your coverage with one company over another?
• Do they feel the quoted coverages are adequate?

When looking for a local Baltimore insurance agent, it helps to know the two different agency structures and how they can write your policy. Insurance agents in Baltimore can be classified as either exclusive or independent (non-exclusive).

Exclusive Insurance Agencies

These agents are contracted to one company such as Farmers Insurance and State Farm. Exclusive agencies are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are very knowledgeable on their company’s products which helps offset the inability to provide other markets. Some people will only buy insurance from these agents partially due to high brand loyalty rather than having low rates.

Shown below is a short list of exclusive agencies in Baltimore that can give you comparison quotes.

• Valerie Cherry – State Farm Insurance Agent
  6800 York Road – Baltimore, MD 21212 – (410) 435-6600 – View Map
• Natasha Parker – State Farm Insurance Agent
  617 Stemmers Run Rd, Ste AA – Baltimore, MD 21221 – (410) 238-0071 – View Map
• David Rosario – State Farm Insurance Agent
  3121 Eastern Ave – Baltimore, MD 21224 – (410) 850-4949 – View Map

View more agents

Independent Insurance Agents

These agents do not write with just one company and that gives them the ability to insure with a variety of different insurance companies and get the cheapest rates. If you are not satisfied with one company, they simply move the coverage in-house which makes it simple for you. If you need lower rates, you will definitely want to include price quotes from a few independent agents to ensure the widest selection of prices. Most also write with small mutual carriers that may provide cheaper insurance rates.

The following is a list of independent agencies in Baltimore that are able to give rate quotes.

• Baltimore Insurance Network
  11 E Lexington St – Baltimore, MD 21202 – (443) 869-6424 – View Map
• Senate Select Insurance
  5417 Reisterstown Rd – Baltimore, MD 21215 – (410) 358-0411 – View Map
• Upper Chesapeake Insurance Agency Inc
  900 S Charles St – Baltimore, MD 21230 – (410) 385-0455 – View Map

View more agents

Persistence pays off

Budget-friendly car insurance in Baltimore is possible on the web as well as from independent agents in Baltimore, and you need to comparison shop both to have the best rate selection. Some insurance providers may not have internet price quotes and most of the time these regional insurance providers only sell through independent agencies.

In this article, we presented quite a bit of information on how to find cheap Toyota Prius insurance in Baltimore. It’s most important to understand that the more companies you get auto insurance rates for, the more likely it is that you will get a better rate. Drivers may even discover the best rates are with a company that doesn’t do a lot of advertising.

As you shop your coverage around, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, an accident victim reduced uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your aim should be to get the best coverage possible at the best possible price while not skimping on critical coverages.

How to save money on Toyota Prius insurance in Baltimore

The recommended way to get low-cost Toyota Prius insurance is to start comparing prices yearly from providers in Baltimore.

1. Spend some time learning about how auto insurance works and the changes you can make to keep rates down. Many risk factors that drive up the price such as traffic violations, accidents, and poor credit can be amended by making minor driving habit or lifestyle changes.
2. Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple insurance companies.
3. Compare the new rate quotes to your current policy premium and see if you can save money. If you can save some money, make sure there is no coverage gap between policies.

One piece of advice is to use identical coverages on each price quote and and to look at as many auto insurance providers as possible. This ensures the most accurate price comparison and a complete price analysis.

To read more, feel free to browse the articles below:

• Car Insurance: When not to Skimp (BankRate.com)
• Who Has Cheap Baltimore Auto Insurance Quotes for High Risk Drivers? (FAQ)
• Drunk Driving Statistics (Insurance Information Institute)
• All About Airbag Safety (State Farm)
• What Does No-Fault Insurance Cover? (Allstate)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)