Compare Scion xB Insurance Quotes in Tulsa

Sadly, a large majority of drivers in Oklahoma have remained with the same auto insurance company for more than four years, and about 40% of consumers have never shopped around. U.S. consumers could cut their rates by up to 47% a year, but they just assume it’s a time-consuming process to compare other rate quotes.

To save the most money, the best way to get affordable car insurance rates in Tulsa is to compare prices at least once a year from different companies in Oklahoma.

• Step 1: Try to comprehend policy coverages and the measures you can control to lower rates. Many factors that result in higher rates such as tickets, at-fault accidents, and poor credit can be improved by being financially responsible and driving safely. Read the full article for additional ideas to prevent rate hikes and find additional discounts you may qualify for.
• Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
• Step 3: Compare the new rate quotes to your existing rates and see if you can save money. If you find a better price and change companies, make sure there is no coverage gap between policies.
• Step 4: Provide adequate notice to your current company of your decision to cancel your current coverage. Submit payment and a completed application to your new company or agent. As soon as you can, keep the new certificate verifying coverage with your registration paperwork.

A key point to remember is that you’ll want to compare the same physical damage deductibles and liability limits on each price quote and and to look at all possible companies. This ensures the most accurate price comparison and a thorough price selection.

You Can Change Your Insurance Rates

An important part of buying insurance is that you know some of the things that go into determining your insurance rates. When you understand what influences your rates, this helps enable you to make changes that may reward you with much lower annual insurance costs.

The items below are a few of the things that factor into your rates.

• Safer occupants lowers insurance rates – Safe vehicles are cheaper to insure. The safest vehicles help reduce the chance of injuries in an accident and lower injury rates translates into fewer and smaller insurance claims which can result in lower premiums.
• Raising comp and collision deductibles lowers costs – Comp and collision deductibles are how much you are required to pay if a claim is determined to be covered. Protection for physical damage, also called ‘full coverage’, insures against damage to your car. A few examples of covered claims are colliding with a stationary object, animal collisions, and having a roll-over accident. The larger the amount you choose to pay out-of-pocket, the less your insurance will be.
• Drive less and get lower rates – The higher the mileage driven each year the more it will cost to insure it. Many insurance companies calculate rates based upon how you use the vehicle. Autos that do not get driven very much receive better premium rates compared to those used for work or business. It’s always a good idea to double check that your insurance policy is rated on the correct usage, because improper ratings can cost you money. Having an incorrect usage rating on your xB may be costing you.
• Avoid unnecessary add-on coverages – Insurance policies have a lot of additional coverages that may not really be needed if you don’t pay attention. Coverages for rental car reimbursement, better glass coverage, and motor club memberships may be wasting your money. These may sound like a good investment when talking to your agent, but if you don’t need them eliminate the coverages to reduce your premium.
• Small frequent claims are not good – Insurance companies in Oklahoma generally give the lowest premiums to drivers who are claim-free. If you tend to file frequent claims, you can pretty much guarantee increased rates or even have your policy non-renewed. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

• Insurance losses for a Scion xB – Insurance companies take into consideration insurance loss statistics for every vehicle when they set coverage costs for each model. Models that tend to have higher loss trends will have higher rates. The table below shows the insurance loss data for Scion xB vehicles.

  For each policy coverage type, the statistical loss for all vehicles compiled together is considered to be 100. Numbers that are below 100 represent a good loss history, while percentage numbers above 100 point to more frequent losses or an increased chance of a larger loss.

  
  

  Scion xB Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Scion xB	86	92	89	148	127	116

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Car insurance statistics for a Scion xB

The premium information shown next highlights detailed analysis of policy rates for Scion xB models. Being able to understand how policy rates are established can be of help when making smart policy decisions.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Premium amounts do not factor in specific Tulsa garaging location which can impact auto insurance rates considerably.

Policy deductibles

One of the most common car insurance questions is where to set your physical damage deductibles. The following tables approximate the difference in cost of buying low and high physical damage deductibles. The first rate quote example uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Price information does not factor in your specific Tulsa location which can affect auto insurance rates significantly.

Based on these figures, using a $100 deductible will cost in the ballpark of $39 more each month or $468 every year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 23 months between claims, you would probably be better off if you choose the higher deductible.

Scion xB insurance costs by age and gender

The illustration below illustrates the comparison of Scion xB premium costs for male and female drivers. The data assumes no claims or violations, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

Scion xB full coverage rates compared to liability only

The diagram below illustrates the comparison of Scion xB car insurance rates with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or violations, $250 deductibles, drivers are not married, and no other discounts are factored in.

When to drop comprehensive and collision

There is no definitive formula that is best for determining when to drop full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% 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 Scion xB book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $8,000 after paying your policy deductible. If you are paying over $800 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Tulsa insurance discounts

Some providers don’t always list their entire list of discounts in a way that’s easy to find, so the list below gives a summary of some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy Tulsa car insurance online.

• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and qualify for as much as a 10% discount.
• Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save 10% or more off the personal injury premium cost.
• Tulsa Homeowners Discount – Just being a homeowner can get you a discount because of the fact that having a home means you have a higher level of financial diligence.
• Save over 55 – Older drivers can possibly qualify for a discount up to 10%.
• Service Members Pay Less – Being deployed in the military could be rewarded with lower premium rates.
• Government Employee Discount – Simply working for the federal government may reduce rates when you quote Tulsa car insurance depending on your insurance provider.
• Good Students Pay Less – Being a good student can earn a discount of 20% or more. The discount lasts up until you turn 25.

A little disclaimer on discounts, some of the credits will not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

The chart below compares Scion xB insurance costs with and without discounts applied to the rates. The prices are based on a female driver, no accidents, no driving violations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, claim-free, multi-policy, and safe-driver discounts applied.

To choose companies that offer many of these discounts in Tulsa, follow this link.

What is the best auto insurance company in Tulsa?

Ending up with a high-quality company can be challenging considering how many choices there are in Tulsa. The company ratings below can help you select which providers to look at buying from.

Top 10 Tulsa Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Tulsa Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Affordable auto insurance premiums are out there

Drivers leave their current company for any number of reasons including not issuing a premium refund, an unsatisfactory settlement offer, policy non-renewal and lack of trust in their agent. It doesn’t matter why you want to switch switching auto insurance companies is pretty simple and you could end up saving a buck or two.

You just learned a lot of information how to get a better price on Scion xB insurance in Tulsa. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable Tulsa car insurance quotes. Consumers may even find the lowest car insurance rates come from a small mutual company.

Budget-conscious Scion xB insurance is definitely available both online in addition to many Tulsa insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers don’t offer internet price quotes and these smaller providers sell through independent insurance agents.

Helpful resources

• Comprehensive Coverage (Liberty Mutual)
• How Much are Tulsa Car Insurance Quotes for Nurses? (FAQ)
• Who Has Cheap Auto Insurance Rates for Young Drivers in Tulsa? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Chevrolet Equinox in Tulsa? (FAQ)
• What Insurance is Cheapest for Low Mileage Drivers in Tulsa? (FAQ)
• Who Has Affordable Tulsa Car Insurance Rates for First-time Drivers? (FAQ)
• Who Has Affordable Auto Insurance Rates for a Ford F-150 in Tulsa? (FAQ)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Neck Injury FAQ (iihs.org)
• What if I Can’t Find Coverage? (Insurance Information Institute)