Affordable Scion xB Insurance in Anchorage

If saving money is your primary concern, then the best way to find lower priced Scion xB insurance is to compare prices regularly from companies who provide car insurance in Anchorage. Rate comparisons can be done by completing these steps.

• First, get an understanding of how insurance companies determine prices and the measures you can control to keep rates low. Many things that result in higher rates such as distracted driving and your credit history can be rectified by paying attention to minor details. Read the full article for more details to get affordable coverage and earn a bigger discount.
• Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can provide price quotes from multiple companies.
• Third, compare the new rate quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
• Fourth, give proper notification to your current agent or company to cancel your existing policy and submit a completed application and payment to your new carrier. As soon as coverage is bound, place your new proof of insurance paperwork with the vehicle registration.

A key point to remember is to make sure you enter similar coverage information on every price quote and and to get prices from every company you can. Doing this ensures the most accurate price comparison and and a good selection of different prices.

Astonishing but true according to a recent study, nearly 70% of customers kept their coverage with the same auto insurance company for over three years, and nearly the majority have never compared auto insurance rates at all. With the average auto insurance premium being $1,160, Anchorage drivers could cut their rates by nearly $368 a year, but most just don’t grasp how much they could save if they swap their current policy for a cheaper one.

Companies offer many discounts on Scion xB insurance in Anchorage

The cost of insuring your cars can be expensive, but you may be missing some discounts that may help make it more affordable. Certain discounts will be applied when you complete an application, but less common discounts must be asked about prior to receiving the credit.

• Accident Waiver – Not really a discount, but a few companies such as Allstate and State Farm permit an accident before your rates go up as long as you don’t have any claims prior to the accident.
• Low Mileage – Low annual miles could be rewarded with cheaper rates.
• Drive Safe and Save – Drivers without accidents can save as much as half off their rates than less cautious drivers.
• No Claim Discounts – Anchorage drivers who stay claim-free can earn big discounts in comparison with policyholders that have many claims.
• Theft Deterrent System – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.

You should keep in mind that most of the big mark downs will not be given to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. Despite the fact that it seems like it’s possible to get free car insurance, you aren’t that lucky.

The chart below illustrates the difference between Scion xB auto insurance rates with and without discounts. Data assumes a female driver, no violations or accidents, Alaska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, homeowner, multi-car, and multi-policy discounts applied.

To choose insurers who offer online Scion xB insurance quotes in Anchorage, click here to view.

How much does Scion xB insurance in Anchorage cost?

Finding a lower price on insurance is an easy way to save money. Drivers just need to take a couple of minutes to compare rate quotes from different insurance companies.

The following companies can provide price quotes in Alaska. If multiple companies are listed, we recommend you compare several of them to get a more complete price comparison.

Scion xB insurance rates and statistics

The coverage table shown next highlights a range of insurance rates for Scion xB models. Learning a little about how rate quotes are formulated is important for drivers to make smart choices when purchasing an insurance policy.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rate quotes do not factor in your specific Anchorage location which can impact coverage prices substantially.

How high should deductibles be?

When buying insurance, a common question is at what level do you set your deductibles. The rates shown below highlight the differences in premium rates of buying low and high coverage deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific Anchorage garaging location which can lower or raise coverage prices considerably.

Using the premium rates above, we can conclude that using a $100 deductible costs about $24 more each month or $288 annually than selecting the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 38 months between claim filings, you would probably save some money by going with a higher deductible.

Full coverage or liability only

The example below visualizes the comparison of Scion xB insurance costs when comparing full coverage to liability only. Data assumes no claims or violations, $100 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage or liability only?

There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of coverage is 10% or more 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 Scion xB replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the policy deductible has been paid. If you are paying over $300 annually for full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

When to have guidance from an insurance agent

A lot of people would prefer to talk to a local agent and we recommend doing that Insurance agents can make sure you are properly covered and help you file claims. The biggest benefit of getting online price quotes is the fact that you can find the lowest rates and still choose a local agent. Buying from and supporting neighborhood agents is definitely important in Anchorage.

For easy comparison, once you complete this quick form, your information gets sent to agents in your area that provide free Anchorage car insurance quotes to get your business. You never need to search for an agent because prices are sent to the email address you provide. In the event you want to get a comparison quote from a specific car insurance provider, you just need to jump over to their website and give them your coverage information.

When narrowing the list to find a good Anchorage insurance agent, it’s important to understand the different types of agents that differ in how they can insure your vehicles. Insurance agencies in Anchorage may be either independent agents or exclusive agents. Both can handle car insurance, but it’s worth learning the difference in the companies they write for because it can factor into which agent you choose.

Independent Insurance Agents

Independent agencies can sell policies from many different companies so they can write business amongst many companies and get you the best rates possible. If they find a cheaper price, the agent simply finds a different carrier and the insured can keep the same agent. When comparing rate quotes, it’s a good idea to get some free quotes from independent agents to get the best comparison. Most also write with lesser-known insurance companies that may provide cheaper car insurance rates.

Below are independent insurance agencies in Anchorage that may be able to give free rate quotes.

• Marsh Mc Lennan Agency
  1031 W 4th Ave #400 – Anchorage, AK 99501 – (907) 276-5617 – View Map
• Insurance Group Of Alaska
  505 W Northern Lights Blvd #216 – Anchorage, AK 99503 – (907) 276-9600 – View Map
• Alaska Service Agency
  6901 Debarr Road #201 – Anchorage, AK 99504 – (907) 337-2311 – View Map

View more Anchorage agents

Exclusive Agencies

Agents that choose to be exclusive can only provide pricing for a single company and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to compare other company’s rates so if the price isn’t competitive there isn’t much they can do. They are usually well trained in insurance sales and that can be a competitive advantage. Many people purchase coverage from exclusives mainly due to high brand loyalty rather than low rates.

Listed below are Anchorage exclusive agents that are able to give rate quotes.

• Stacey Allen – State Farm Insurance Agent
  2203 W Dimond Blvd #100B – Anchorage, AK 99515 – (907) 277-2233 – View Map
• Allstate Insurance: Roy Briley
  1577 C St Ste 102 – Anchorage, AK 99501 – (907) 297-2900 – View Map
• Allstate Insurance: Ann T. Steck-Nale
  1120 Huffman Rd, Ste A21 – Anchorage, AK 99515 – (907) 333-4411 – View Map

View more Anchorage agents

Choosing the best car insurance agent shouldn’t rely on just a cheap price quote. These are some valid questions you should ask.

• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Do they have cheaper tiers of coverage?
• Does their agency support local causes in Anchorage?
• Do the companies they represent have a solid financial rating?
• Do they reduce claim amounts on high mileage vehicles?
• If your car is in the repair shop, do you have coverage for a rental car?

Educate yourself about auto insurance coverages

Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Coverage for medical payments

Med pay and PIP coverage pay for short-term medical expenses for things like EMT expenses, chiropractic care, prosthetic devices, hospital visits and pain medications. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage will pay to fix damage to your xB from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a building, rolling your car, colliding with a tree, hitting a parking meter and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible on your xB to bring the cost down.

Comprehensive coverages

This coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as falling objects, rock chips in glass and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability insurance

This can cover damage or injury you incur to other people or property by causing an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/25 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as pain and suffering, repair bills for other people’s vehicles, medical expenses and funeral expenses. How much liability should you purchase? That is your choice, but buy higher limits if possible. Alaska state minimum liability requirements are 50/100/25 but drivers should carry higher limits.

The chart below shows why the minimum limit may not be adequate coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Scion xB.

Since a lot of drivers carry very low liability coverage limits (which is 50/100/25), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages are set the same as your liability limits.

In the end, you can save money

When you buy Anchorage car insurance online, do not buy poor coverage just to save money. There have been many situations where someone dropped physical damage coverage and found out when filing a claim that it was a big error on their part. The goal is to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

Cheap Scion xB insurance in Anchorage is definitely available from both online companies and from local insurance agents, so you need to shop Anchorage car insurance with both to have the best rate selection. Some car insurance companies don’t offer rates over the internet and these regional insurance providers work with independent insurance agents.

You just learned a lot of techniques to find affordable Scion xB insurance in Anchorage. The key concept to understand is the more quotes you get, the higher your chance of finding inexpensive Anchorage car insurance quotes. You may even discover the best auto insurance rates are with a smaller regional carrier.

Additional detailed information can be read in the articles below:

• How Much Auto Coverage do I Need? (Insurance Information Institute)
• How Much is Auto Insurance for Drivers with a Bad Driving Record in Anchorage? (FAQ)
• Who Has Affordable Auto Insurance for Handicapped Drivers in Anchorage? (FAQ)
• Who Has Affordable Auto Insurance for a School Permit in Anchorage? (FAQ)
• How Much are Anchorage Auto Insurance Rates for a Dodge Ram? (FAQ)
• Protect Yourself Against Auto Theft (Insurance Information Institute)
• Five Mistakes to Avoid (Insurance Information Institute)
• Liability Insurance Coverage (Nationwide)