It’s well known that car insurance companies don’t want you quoting rates from other companies. Drivers who shop for lower rates will probably switch companies because of the good chance of finding a policy with better rates. Surprisingly, a recent survey revealed that consumers who regularly compared rates saved an average of $3,450 over four years compared to people who never shopped around for better prices.
If finding the lowest price on insurance is your ultimate target, then having some insight into how to compare insurance coverage can help you succeed in saving money.
Really, the only way to find low-cost prices for Toyota Yaris insurance in Corpus Christi is to start doing an annual price comparison from different companies who can sell car insurance in Texas. Prices can be compared by following these steps.
- Read about coverages and the things you can change to prevent high rates. Many rating criteria that cause rate increases such as traffic citations and an unacceptable credit history can be improved by making minor driving habit or lifestyle changes. Keep reading for more details to find cheap rates and find discounts that may have been missed.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Allstate, while agents who are independent can quote rates from multiple insurance companies.
- Compare the new quotes to your current policy premium to determine if switching companies saves money. If you can save money, make sure there is no coverage gap between policies.
- Give proper notification to your current agent or company to cancel your current coverage. Submit the completed application along with a down payment to the newly selected company. As soon as coverage is bound, place the new certificate verifying proof of insurance in a readily accessible location in your vehicle.
One important bit of advice is to make sure you’re comparing the same coverage limits and deductibles on each quote and and to get prices from as many companies as feasibly possible. This ensures an apples-to-apples comparison and the most accurate and complete price analysis.
If you are already insured, you will definitely be able to get lower rates using this strategy. Comparing quotes for the best policy in Corpus Christi is easy if you know what you’re doing. Nevertheless, Texas drivers benefit from understanding the methods companies use to compete online and apply this information to your search.
The are a couple different ways of comparing rate quotes from local Corpus Christi auto insurance companies. The recommended way to do a complete rate comparison is to jump online and get quotes.
Keep in mind that comparing a wide range of rates helps increase your odds of locating the best price.
The auto insurance companies shown below provide price comparisons in Corpus Christi, TX. In order to find the best cheap auto insurance in TX, it’s a good idea that you click on several of them in order to find the lowest rates.
Toyota Yaris insurance rate analysis
The premium table shown below highlights different insurance coverage prices for Toyota Yaris models. Having insight into how prices are figured can assist in making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $256 | $496 | $430 | $26 | $128 | $1,336 | $111 |
| Yaris 4-Dr Hatchback | $256 | $496 | $382 | $22 | $114 | $1,270 | $106 |
| Yaris 4-Dr Sedan | $256 | $496 | $382 | $22 | $114 | $1,270 | $106 |
| Yaris S 2-Dr Hatchback | $294 | $496 | $430 | $26 | $128 | $1,374 | $115 |
| Yaris S 4-Dr Hatchback | $294 | $496 | $382 | $22 | $114 | $1,308 | $109 |
| Yaris S 4-Dr Sedan | $294 | $496 | $382 | $22 | $114 | $1,308 | $109 |
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in specific Corpus Christi garaging location which can lower or raise insurance rates significantly.
Toyota Yaris annual premiums for males versus females
The information below visualizes the comparison of Toyota Yaris insurance costs for male and female drivers. The price estimates are based on no driving violations, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no other discounts are factored in.
Lower the Price of Car Insurance with These Tips
Many different elements are used when pricing auto insurance. A few of the factors are predictable like an MVR report, although others are more transparent like your continuous coverage or your commute time.
Your credit score is important – Credit rating is likely to be a major factor in determining what you pay. If your credit leaves room for improvement, you could save money insuring your Toyota Yaris by improving your credit score. Drivers who have very good credit scores tend to be better drivers and file fewer claims than drivers who have bad credit.
Eliminate unneeded extra policy coverages – Insurance companies have many additional coverages you can purchase on your car insurance policy. Coverages like vanishing deductibles, accidental death, and extra life insurance coverage may not be needed and are just wasting money. These coverages may sound good initially, but your needs may have changed so eliminate the coverages to reduce your premium.
Tickets hurt – Getting just one chargeable violation can increase the cost of insurance by twenty percent. Drivers who don’t get tickets pay less for auto insurance than their less careful counterparts. Drivers who have received license-revoking tickets like hit and run, DWI or reckless driving convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
The chart below demonstrates how speeding tickets and accident claims influence Toyota Yaris premium costs for different insured age categories. The prices are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
Lower rates for married couples – Walking down the aisle may cut your premiums on car insurance. Having a significant other may mean you are more financially stable and insurance companies like that married drivers tend to have fewer serious accidents.
Use one insurance company and save – The majority of insurance companies give better rates to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Even though this discount sounds good, drivers will still want to comparison shop to help guarantee you have the best rates. Consumers may find a better deal by buying insurance from more than one company.
Insurance prices are higher for high performance vehicles – The performance of the car or truck you are insuring makes a huge difference in your rates. Low performance passenger cars generally receive the lowest base rates, but there are many factors that impact the final cost.
The following data uses these assumptions: married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Toyota Yaris car insurance rates compared to other makes and models that have different performance risks.
Protect yourself with liability insurance – The liability section of your policy will afford coverage if a jury decides you are liable for damages caused by your negligence. This coverage provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap compared to comp and collision, so insureds should have plenty of protection for their assets.
Toyota Yaris insurance loss data – Insurance companies analyze past claim statistics to help set a rate to offset losses. Models that the statistics show to have increased losses will be charged more to insure.
The data below shows the loss history for Toyota Yaris vehicles. For each coverage type, the statistical loss for all vehicles, without regard to make or model, equals 100. Numbers that are below 100 suggest losses that are better than average, while percentages above 100 point to more frequent losses or statistically larger losses.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Yaris | 94 | 88 | 92 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Three reasons to not skimp on insurance
Despite the high cost, insurance may be mandatory for several reasons.
First, just about all states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability coverage if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Yaris has a loan, most banks will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank will be required to insure your Toyota for a lot more money and require you to fork over the higher price.
Third, insurance preserves both your vehicle and your personal assets. Insurance will also pay for many types of medical costs incurred in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of carrying enough insurance more than cancel out the cost, specifically if you ever have a liability claim. On average, a vehicle owner in Corpus Christi is overpaying over $700 annually so we recommend shopping around once a year at a minimum to ensure rates are inline.