Affordable Toyota Prius Insurance in Anchorage

Truthfully, the best way to find low-cost Toyota Prius insurance in Anchorage is to start doing an annual price comparison from insurance carriers in Alaska. Rate comparisons can be done by following these steps.

First, get an understanding of how insurance works and the measures you can control to keep rates in check. Many policy risk factors that cause rate increases such as high-risk driving behaviors and a negative credit rating can be improved by making minor driving habit or lifestyle changes. Continue reading for ideas to get cheaper coverage and get bigger discounts that may have been overlooked.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while independent agencies can quote prices for many different companies.

Third, compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote, ensure coverage does not lapse between policies.

Fourth, provide proper notification to your current company to cancel your current policy. Submit a completed application and payment to your new company or agent. Once the paperwork is finalized, place your new certificate verifying coverage in an easily accessible location.

The key thing to know about shopping around is that you’ll want to compare similar deductibles and liability limits on every quote and and to look at as many different companies as possible. Doing this ensures an accurate price comparison and many rates to choose from.

It’s safe to assume that car insurance companies want to keep your business as long as possible. Insureds who rate shop once a year will probably buy a new policy because there is a high probability of finding lower rate quotes. A study showed that people who regularly compared rates saved approximately $3,500 over four years compared to those who never shopped for cheaper rates.

If finding budget-friendly insurance is your objective, then learning a little about how to choose a company and compare insurance coverage can make it simple to find affordable coverage.

Best companies for Toyota Prius insurance

The companies in the list below provide free rate quotes in Alaska. In order to find cheap auto insurance in Alaska, it’s highly recommended you visit two to three different companies to get the lowest price.

Insurance rate breakdown

The information below highlights estimates of insurance policy prices for Toyota Prius models. Knowing how rates are figured can assist in making decisions when shopping your coverage around.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate information does not factor in specific Anchorage garaging location which can influence prices substantially.

Physical damage deductibles

When buying car insurance, a common question is what deductibles to buy. The rates below can help you understand the rate differences between high and low coverage deductibles. The first table uses a $250 physical damage coverage 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 Alaska minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific Anchorage garaging location which can affect coverage prices noticeably.

Based on the figures above, using a $250 deductible costs an average of $12 more each month or $144 for a full year averaged for all Prius models than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally go more than 21 months between claim filings, you would probably save some money if you choose a higher deductible.

How accidents and tickets impact rates

The illustration below illustrates how speeding tickets and accidents can influence Toyota Prius annual premium costs for different ages of insureds. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

Learn How to Buy Auto Insurance at a Discount

Many factors are taken into consideration when quoting car insurance. Most are fairly basic such as your driving history, although others are less apparent such as whether you are married or your commute time. The best way to find cheaper auto insurance is to take a look at some of the factors that play a part in calculating your premiums. When you understand what determines base rates, this enables you to make decisions that can earn you better auto insurance rates.

Listed below are just a few of the factors that factor into your rates.

• How much liability coverage – Your auto insurance policy’s liability coverage is the protection if you are found liable for personal injury or accident damage. Liability provides for a legal defense which can cost thousands of dollars. Liability insurance is pretty cheap compared to other policy coverages, so buy as much as you can afford.
• Job stress can make you pay more – Occupations like real estate brokers, business owners, and financial analysts are shown to have the highest average rates attributed to intense work-related stress and long work hours. Other jobs like actors, students and retirees pay the least.
• Better rates with anti-theft devices – Selecting a car model with advanced anti-theft systems can help lower your rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
• Insurance companies don’t like frequent insurance claims – Auto insurance companies in Alaska give the lowest premiums to policyholders who are claim-free. If you frequently file small claims, you can pretty much guarantee higher rates. Your car insurance is intended to be relied upon for more catastrophic claims.

• Insurance costs are higher for high performance vehicles – The make and model of the vehicle you own makes a big difference in your premium level. The cheapest insurance rates are usually found on low performance passenger vehicles, but there are many factors that impact the final cost.

  The next chart uses these variables: single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It compares Toyota Prius policy rates compared to other makes and models that have different performances.

• Claims statistics for a Toyota Prius – Companies use data from past claims when they calculate premium rates for each model. Vehicles that the data shows to have a trend towards higher claim severity or frequency will have higher rates.

  The table below illustrates the insurance loss data used by companies for Toyota Prius vehicles. For each insurance policy coverage type, the claim probability for all vehicles, as an average, equals 100. Percentage numbers below 100 suggest a better than average loss history, while percentages above 100 indicate frequent claims or statistically larger claims.

  
  

  Car Insurance Loss Data for Toyota Prius Models

  Specific Toyota 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

  BETTER

  AVERAGE

  WORSE

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

Get affordable Toyota Prius insurance in Anchorage with discounts

Companies don’t list the complete list of policy discounts very well, so the list below details a few of the more common and also the lesser-known credits available to bring down your rates. If they aren’t giving you every credit available, you’re paying more than you need to.

• Accident Free – Good drivers with no accidents pay much less when compared to bad drivers.
• First Accident Forgiveness – Not a discount per se, but certain companies will forgive one accident before they charge you more for coverage as long as you don’t have any claims for a specific time period.
• Low Mileage Discounts – Low mileage vehicles could earn discounted rates on garaged vehicles.
• E-sign – A handful of companies will provide an incentive just for signing your application online.
• Distant Student Discount – Kids who are attending college and do not take a car to college can be insured at a reduced rate.
• Telematics Data – People who choose to allow data collection to look at driving habits by using a small device installed in their vehicle like Allstate’s Drivewise might see lower rates as long as they are good drivers.
• Theft Prevention Discount – Cars optioned with advanced anti-theft systems can help prevent theft and qualify for as much as a 10% discount.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, it’s just not the way it works. Any qualifying discounts will bring down your policy cost.

The chart below compares Toyota Prius insurance costs with and without discounts applied. The price estimates are based on a male driver, no claims or violations, Alaska state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, marriage, homeowner, and multi-car discounts applied.

To see insurance companies that offer discounts in Anchorage, click here.

When should I get advice from an insurance agent?

Some people still prefer to get professional advice from a licensed agent and there is nothing wrong with that. The best thing about comparing car insurance online is the fact that you can find cheaper rates and still have a local agent. And supporting local insurance agencies is still important in Anchorage.

For easy comparison, once you complete this form (opens in new window), your coverage information gets sent to companies in Anchorage who will return price quotes and help you find cheaper coverage. You don’t have to visit any agencies since rate quotes are delivered directly to your email. You’ll get the best rates AND a local agent. In the event you want to get a rate quote from a specific company, don’t hesitate to navigate to their website and complete a quote there.

Below are Anchorage auto insurance companies who can help you get price quotes for Toyota Prius insurance in Anchorage.

• State Farm: Amy Jones
  111 W 6th Ave – Anchorage, AK 99501 – (907) 274-2060 – View Map
• Allstate Insurance: Babette Miller
  3304 Spenard Rd – Anchorage, AK 99503 – (907) 561-7671 – View Map
• Curt Green, Jr. – State Farm Insurance Agent
  836 E 15th Ave #1 – Anchorage, AK 99501 – (907) 272-2812 – View Map
• Insurance Group Of Alaska
  505 W Northern Lights Blvd #216 – Anchorage, AK 99503 – (907) 276-9600 – View Map

More insurance agents

Selecting a company is decision based upon more than just a low price. Ask your prospective agent these questions:

• Can they provide you with a list of referrals?
• Is there a Errors and Omissions policy in force?
• How are they compensated?
• Is working in the agency their full-time job?
• How often do they review policy coverages?
• How long has the business existed?
• Is coverage determined by price?
• Are aftermarket or OEM parts used to repair vehicles?

Special considerations

When it comes to the best car insurance coverage, there really isn’t a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your car insurance should be unique as well.
For example, these questions may help highlight if your insurance needs will benefit from professional help.

• Is my ex-spouse still covered by my policy?
• Does every company file a SR-22 automatically?
• Should I buy additional glass protection?
• If I drive on a suspended license am I covered?
• Does my personal policy cover me when driving out-of-state?
• Can my babysitter drive my car?

If you’re not sure about those questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

The best insurance company isn’t always the cheapest

Some companies do not provide price quotes online and many times these smaller companies only sell coverage through local independent agencies. Low-cost Toyota Prius insurance in Anchorage is definitely available from both online companies in addition to many Anchorage insurance agents, and you should compare rates from both in order to have the best chance of saving money.

As you shop your coverage around, never skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice liability coverage limits to discover at claim time that they should have had better coverage. The ultimate goal is to buy enough coverage at an affordable rate and still be able to protect your assets.

Other information

• State Car Insurance Guides (GEICO)
• What Car Insurance is Cheapest for a Subaru Outback in Anchorage? (FAQ)
• How Much are Car Insurance Quotes for Nurses in Anchorage? (FAQ)
• How Much is Car Insurance for Low Income Drivers in Anchorage? (FAQ)
• Who Has the Cheapest Auto Insurance for Teenagers in Anchorage? (FAQ)
• What Auto Insurance is Cheapest for Business Use in Anchorage? (FAQ)
• Insurance losses by make and model (Insurance Institute for Highway Safety)
• Should I Buy a New or Used Car? (Allstate)
• Auto Insurance Basics (Insurance Information Institute)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)