Discount Toyota Prius insuranceFeel like you're a prisoner to an expensive insurance policy? You're in good company because you are not the only one feeling buyer's remorse.

Statistics show that most consumers have stayed with the same insurance company for over three years, and roughly 40% of drivers have never compared quotes from other companies. The average driver in Los Angeles could save roughly 35% every year by just comparing rate quotes, but they just assume it takes a lot of time to shop their coverage around.

Numerous car insurance companies battle to insure your vehicles, and because of this it can be hard to compare auto insurance companies and uncover the absolute best price available on Toyota Prius insurance in Los Angeles.

If you have a policy now, you will be able to buy cheaper auto insurance using the techniques covered below. Choosing the most cost-effective auto insurance policy in Los Angeles can really be easy if you know what you're doing. Although California vehicle owners should learn how the larger insurance companies market on the web and take advantage of how the system works.

Four Tips to Get Cheap Los Angeles Insurance Prices

Many different elements are used when quoting car insurance. A few of the factors are predictable like an MVR report, but other criteria are less apparent such as your marital status and annual miles driven.

The itemized list below are some of the things used by your company to calculate rates.

The higher your credit score the lower your prices - Credit score is a big factor in calculating your premium rate. If your credit rating can be improved, you could save money insuring your Toyota Prius by taking the time to improve your credit score. People with very good credit scores tend to be less risk to insure than drivers who have lower credit scores.

Liability risk factors in - Your policy's liability coverage will provide protection if ever a jury decides you are liable for damages caused by your negligence. Liability insurance provides for a legal defense starting from day one. It is affordable coverage when compared with rates for comp and collision, so do not skimp.

Premiums increase with driving tickets - Getting just one driving citation can bump up the cost by as much as twenty percent. Good drivers have lower premiums than bad drivers. Drivers unfortunate enough to have careless violations like DWI, reckless driving or hit and run convictions are required to maintain a SR-22 with their state's licensing department in order to legally drive a vehicle.

More stress means more cost - Did you know your auto insurance rates can be affected by your occupation? Jobs such as real estate brokers, executives and financial analysts are shown to have higher premiums than the average policyholder attributed to intense work situations and incredibly demanding work hours. On the flip side, jobs such as professors, historians and the unemployed have lower than average premiums.

Toyota Prius insurance loss statistics - Car insurance companies use past loss statistics for each vehicle to help calculate premium costs. Vehicles that tend to have higher frequency or amount of claims will have increased rates.

The next table illustrates the historical insurance loss data for Toyota Prius vehicles. For each coverage category, the statistical loss for all vehicles, as a total average, is considered to be 100. Percentage numbers below 100 mean the vehicle has better than average losses, while percentage numbers above 100 show a trend for more claims or statistically larger losses.

Car Insurance Loss Data for Toyota Prius Models

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Prius C Hybrid 113 100 87 120 121 113
Toyota Prius Hybrid 101 97 98 103 118 103
Toyota Prius Plug-in Hybrid 98 89 87 106 114 93
Toyota Prius V Hybrid 94 86 88 88 94 97

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

All the larger insurance companies like State Farm, Allstate and GEICO allow you to get price estimates from their websites. Getting online quotes for Toyota Prius insurance in Los Angeles doesn't take a lot of time as you just enter your coverage information into the form. After the form is submitted, the system sends out for credit information and your driving record and provides a quote based on many factors. Quoting online for Toyota Prius insurance in Los Angeles makes it simple to compare prices and it's absolutely necessary to have as many quotes as possible in order to get affordable insurance pricing.

In order to find out if lower rates are available, compare rates now from the companies shown below. If you have your current policy handy, we recommend that you enter deductibles and limits as shown on your current policy. Doing this assures you will have rate quotes based on the exact same insurance coverage.

The providers in the list below are ready to provide free rate quotes in Los Angeles, CA. If multiple companies are listed, we suggest you compare several of them in order to find the cheapest rates.

Toyota Prius Insurance Cost Estimates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $430 $686 $376 $22 $112 $1,626 $136
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate quotes do not factor in specific Los Angeles garaging location which can alter rates noticeably.

Toyota Prius liability-only versus full coverage

The chart below illustrates the difference between Toyota Prius premium costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or claims, $250 deductibles, married male driver, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no definitive guideline to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let's pretend your Toyota Prius book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If it's costing you more than $700 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where removing full coverage is not a good plan. If you haven't paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

Policy deductible comparison

When buying car insurance, a common question is how low should you set your deductibles. The following insurance rates illustrate the rate difference of buying low and high deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Toyota Prius insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $386 $576 $376 $22 $112 $1,497 $125
Get Your Own Custom Quote Go
Toyota Prius insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $238 $362 $376 $22 $112 $1,110 $93
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in specific Los Angeles garaging location which can revise prices substantially.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $32 more each month or $384 annually than selecting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 23 months between claims, you would more than likely save some money if you choose the higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $125
Average monthly premium for $1,000 deductibles (subtract): - $93
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important caveat is that raising deductibles means you pay more out-of-pocket when you have a comprehensive or collision claim. You need to have enough extra money in the event you have to pay the deductible to have repairs made.

Will you really save $453 on auto insurance?

State Farm, Allstate and GEICO continually stream television and radio advertisements. They all seem to advertise claims that drivers can save some big amount just by moving your policy. How does every auto insurance company charge you a lower premium? It's all in the wording.

Many companies look for specific characteristics for the type of customer that will most likely be profitable. One example of this type of driver could be between the ages of 40 and 55, carries full coverage, and drives less than 10,000 miles a year. A customer that fits those parameters will most likely get cheap premium rates and most likely will cut their Toyota Prius insurance rates if they switch.

Potential customers who don't meet these stringent criteria will be quoted a higher rate and ends up with business going elsewhere. The ad wording is "people who switch" not "everybody who quotes" save that much money. This is how insurance companies can state the savings. This illustrates why you need to compare free Los Angeles car insurance quotes often. It is impossible to guess which auto insurance company will be your best fit.

Why you need to buy auto insurance

Despite the fact that auto insurance is not cheap in Los Angeles, auto insurance is required in California but also provides important benefits.

The benefits of having auto insurance are definitely more than the cost, particularly for liability claims. But the average driver in California is overpaying over $700 annually so we recommend shopping around at every renewal to save money.

Car insurance rates and discounts

Companies offering auto insurance don't always publicize every discount they offer in an easy-to-find place, so the list below details a few of the more common and also the lesser-known ways to save on car insurance. If they aren't giving you every credit available, it's possible you qualify for a lower rate.Save money with discounts

Discounts lower rates, but most discounts do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So when it seems like it's possible to get free car insurance, companies wouldn't make money that way. But all discounts will lower the amount you have to pay.

Larger car insurance companies and their offered discounts can be read below.

If you want affordable Toyota Prius insurance quotes, ask each insurance company which discounts you may be entitled to. Depending on the company, some discounts may not apply to policies in Los Angeles. To locate companies that offer the discounts shown above in California, click here.

Local insurance agents

A small number of people would rather get advice from a local agent and that is a personal choice. A nice benefit of comparing car insurance online is that drivers can save money and get cheap rate quotes and still buy from a local agent.

Los Angeles insurance agentsTo make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is immediately sent to insurance agents in Los Angeles that can provide free Los Angeles car insurance quotes for your insurance coverage. It makes it easy because there is no need to contact any insurance agencies since price quotes are sent immediately to you. Get lower rates AND a local agent. If you want to quote rates for a specific company, you can always find their quoting web page and submit a quote form there.

Picking an insurer should depend on more than just a cheap price quote. These are some questions you should get answers to.

If you prefer to buy car insurance from a reputable insurance agent or broker, you should know the different types of agencies and how they differ in how they can insure your vehicles. Car insurance agencies can be described as either independent or exclusive.

Exclusive Agents

Exclusive insurance agents are contracted to one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. They are unable to shop your coverage around so they have to upsell other benefits. Exclusive agencies are trained well on the products they sell and that can be a competitive advantage.

Below is a list of exclusive insurance agencies in Los Angeles who may provide you with price quotes.

2727 W Olympic Blvd #102 - Los Angeles, CA 90006 - (213) 480-3377 - View Map

Ted Hope - State Farm Insurance Agent
2049 W Manchester Ave - Los Angeles, CA 90047 - (323) 752-4885 - View Map

11654 W Pico Blvd - Los Angeles, CA 90064 - (310) 478-2001 - View Map

View more agents

Independent Agents (or Brokers)

These agents are normally appointed by many insurers so they can quote policies with a variety of different insurance companies and get the cheapest rates. To move your coverage to a new company, they simply move the coverage in-house and you don't have to find a new agent. When comparison shopping, you will definitely want to get insurance quotes from several independent agencies in order to have the best price comparison.

Shown below are Los Angeles independent agents that are able to give price quotes.

11900 W Olympic Blvd #475 - Los Angeles, CA 90064 - (800) 966-6830 - View Map

1801 S La Cienega Blvd Ste 201 - Los Angeles, CA 90035 - (310) 402-0020 - View Map

10941 W Pico Blvd - Los Angeles, CA 90064 - (310) 234-8600 - View Map

View more agents

When do I need an agent's advice?

When quoting and choosing proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Your situation is unique and your car insurance should be unique as well.Safe vehicles cost less to insure These are some specific questions might point out if you would benefit from an agent's advice.

If you're not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Don't give up on cheap rates

You just learned some good ideas how you can lower your Toyota Prius insurance rates in Los Angeles. It's most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the lowest rates come from an unexpected company. They may often insure only within specific states and give getter rates compared to the large companies like Allstate, GEICO and Progressive.

Budget-friendly insurance in Los Angeles is possible on the web and with local Los Angeles insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not offer the ability to get a quote online and usually these small, regional companies only sell through independent agents.

When buying insurance coverage, it's very important that you do not skimp on critical coverages to save a buck or two. In many cases, consumers will sacrifice collision coverage to discover at claim time that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at a price you can afford, but don't skip important coverages to save money.

To learn more, take a look at the following helpful articles: