Car Insurance Quotes for a Toyota Prius in Tulsa

To save the most money, the best way to quote cheaper Toyota Prius insurance is to start doing an annual price comparison from different companies in Tulsa. Prices can be compared by completing these steps.

Step 1: Take a few minutes and learn about what coverages are included in your policy and the steps you can take to keep rates down. Many things that cause rate increases like speeding and poor credit rating can be rectified by improving your driving habits or financial responsibility.

Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can quote rates from multiple insurance companies.

Step 3: Compare the new quotes to the premium of your current policy to see if you can save by switching companies. If you find better rates and switch companies, make sure coverage does not lapse between policies.

Step 4: Provide written notification to your current company of your intention to cancel your current car insurance policy. Submit the required down payment along with the signed application to the new company. Make sure you store the certificate of insurance with the vehicle registration.

One important bit of advice is to try to use identical coverage information on every price quote and and to analyze every insurance company. This helps ensure a fair price comparison and a thorough price selection.

Unbelievably, the vast majority of auto insurance customers kept buying from the same company for well over three years, and approximately 38% of consumers have never even compared rates from other companies. With the average premium in Oklahoma being $1,780, drivers could save themselves approximately $600 a year by just shopping around, but they just assume it takes a lot of time to find affordable auto insurance rates.

The majority of larger companies allow consumers to get pricing directly from their websites. Doing online quotes for Toyota Prius insurance in Tulsa is quite easy as you simply type in your personal and coverage information as requested by the quote form. After you submit the form their system automatically orders reports for credit and driving violations and gives you a price quote. This makes it simple to compare prices and it’s very important to get many rate quotes if you are searching for a lower rate.

If you want to find out if lower rates are available, compare quotes from the companies shown below. To compare your current rates, we recommend you duplicate the coverages as close as possible to your current policy. Using the same limits helps guarantee you are getting a rate comparison using the same coverage and limits.

The following companies can provide price quotes in Oklahoma. If multiple companies are listed, we suggest you click on several of them to get the most competitive price.

Rates and statistics

The coverage information shown next outlines a range of coverage prices for Toyota Prius models. Understanding more about how rate quotes are figured is important for making smart buying decisions.

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in garaging location in Tulsa which can change auto insurance rates noticeably.

Higher deductibles save money

When buying auto insurance, a common question is where should you set your physical damage deductibles. The figures shown below summarize the price difference when you choose different policy deductibles. The first rate table uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Data assumes 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. Estimates do not factor in specific location which can change price quotes considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $46 more each month or $552 for a full year than requesting the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 20 months between claims, you would come out ahead if you elect the higher deductible. Here’s the way this calculation is made.

Toyota Prius insurance costs by gender and age in Tulsa

The information below shows the difference between Toyota Prius annual premium costs for male and female drivers. The data assumes a clean driving record, no claims, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are applied.

Difference between full coverage and liability only rates

The example below visualizes the comparison of Toyota Prius car insurance rates with and without physical damage coverage. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.

When to eliminate full coverage

There is no definitive formula that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your Toyota Prius settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after you pay the deductible. If you are paying in excess of $200 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some cases where buying only liability insurance is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.

Best reasons to buy car insurance in Oklahoma

Despite the high cost of buying insurance for a Toyota Prius in Tulsa, insuring your vehicle may not be optional for several reasons.

• Almost all states have mandatory insurance requirements which means state laws require specific minimum amounts of liability protection in order to drive the car legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Toyota Prius has a loan, almost all lenders will make it mandatory that you have insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender will be forced to insure your Toyota at a much higher premium rate and force you to pay much more than you were paying before.
• Car insurance protects both your Toyota and your assets. It will also pay for medical transport and hospital expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of insuring your car are without a doubt worth the cost, particularly if you ever have a claim. But the average American driver overpays as much as $865 each year so compare quotes from several companies at every renewal to be sure current rates are still competitive.

Components of Your Toyota Prius Insurance Prices

Many things are used when you quote your car insurance policy. Some factors are common sense like an MVR report, but other criteria are more obscure such as your credit history and annual miles driven. Smart consumers have a good feel for the factors that play a part in calculating your auto insurance rates. If you understand what determines base rates, this enables informed choices that can earn you cheaper rates.

The list below includes a partial list of the pieces used by companies to determine your rate level.

Job stress can affect rates – Do you work in a high-stress field? Occupational choices like doctors, police officers, and accountants generally pay higher premiums than the average policyholder due to job stress and lengthy work days. On the flip side, careers like actors, students and retirees receive lower rates.

Credit score impact auto insurance rates – Having a good credit history is likely to be a major factor in determining what you pay for auto insurance. People with good credit tend to file fewer claims and have better driving records than drivers who have lower credit ratings. Therefore, if your credit history is lower than you’d like, you could save money insuring your Toyota Prius by spending a little time repairing your credit.

High auto insurance claims frequency drives up auto insurance rates – If you’re an insured who likes to file claims don’t be surprised to see higher rates. Insurance companies in Oklahoma provide the best rates to people that do not abuse their auto insurance. Your insurance policy is meant to be used in the event of the large, substantial claims.

Where you live factors in – Living in a rural area is a positive aspect when trying to find low car insurance rates. Residents of big cities have to deal with more road rage incidents and more time behind the wheel. Fewer drivers on the road means fewer accidents and lower theft and vandalism rates.

High performance equals high prices – The performance of the vehicle you own makes a significant difference in the rate you pay. The cheapest insurance rates are usually found on lower performance four cylinder passenger vehicles, but the final cost of insurance is determined by many other factors.

The following chart uses these assumptions: single male driver age 30, full coverage with $500 deductibles, and no discounts or violations. The chart compares Toyota Prius insurance rates compared to other makes and models that have different risk factors.

Liability insurance is critical – A critical coverage on your policy, liability insurance will provide protection when a jury decides you are liable for causing personal injury or damage in an accident. This coverage provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

Combine policies to earn discounts – Many auto insurance companies afford lower prices to insureds who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to get quotes from other companies to help ensure you have the lowest rates.

Claims statistics for a Toyota Prius – Insurers use statistical claims data to calculate a price that will offset losses. Models that the statistics show to have higher loss trends will have higher premium rates.

The table below shows the compiled insurance loss statistics for Toyota Prius vehicles. For each policy coverage type, the claim probability for all vehicles averaged together is considered to be 100. Values that are below 100 represent a good loss history, while values that are above 100 indicate a higher chance of having a claim or statistically larger claims.

These discounts can lower your car insurance rates

Car insurance is not cheap, but you can get discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically when you quote, but a few need to be specifically requested prior to getting the savings.

• Low Mileage Discounts – Fewer annual miles on your Toyota could be rewarded with lower premium rates on the low mileage vehicles.
• New Car Discount – Putting insurance coverage on a new Prius can cost up to 25% less because new vehicles keep occupants safer.
• Multi-car Discount – Purchasing coverage when you have multiple vehicles on a single policy can reduce rates for all insured vehicles.
• Memberships – Affiliation with certain professional organizations is a simple method to lower premiums when shopping for car insurance.
• No Claim Discounts – Tulsa drivers who stay claim-free have much lower rates when compared with policyholders that have many claims.
• Anti-lock Brakes – Vehicles with ABS and/or traction control can stop better under adverse conditions so companies give up to a 10% discount.
• Discount for Multiple Policies – When you have multiple policies with one company you may save as much as 10 to 15 percent.
• Discount for Swiching Early – Some companies provide a discount for switching companies before your current expiration date. This discount can save up to 10%.
• Discounts for Federal Employees – Having worked for a branch of the government could cut as much as 10% off depending on your company.

Don’t be surprised that 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. Even though it appears having all the discounts means you get insurance for free, companies don’t profit that way.

The example below shows the comparison of Toyota Prius insurance rates with and without discounts applied. The premium estimates are based on a male driver, no violations or claims, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, safe-driver, claim-free, and homeowner discounts applied.

A list of car insurance companies and a summarized list of policyholder discounts can be read below.

• Progressive includes discounts for multi-vehicle, good student, continuous coverage, online signing, multi-policy, and homeowner.
• MetLife offers premium reductions for good driver, claim-free, accident-free, multi-policy, and good student.
• Mercury Insurance offers discounts for ease of repair, anti-theft, good driver, multi-policy, and accident-free.
• Nationwide has savings for multi-policy, anti-theft, good student, easy pay, family plan, and defensive driving.
• GEICO offers discounts including multi-policy, defensive driver, air bags, membership and employees, driver training, multi-vehicle, and emergency military deployment.
• AAA discounts include good student, multi-policy, AAA membership discount, education and occupation, multi-car, and good driver.

If you need lower rates, check with every prospective company which discounts you qualify for. Some discounts may not apply in your state. To locate car insurance companies that offer multiple discounts in Tulsa, click here to view.

Can’t I compare prices from local Tulsa car insurance agents?

Certain consumers just prefer to sit down with an agent and doing so can bring peace of mind One of the great benefits of getting free rate quotes online is that drivers can save money and get lower rates and still choose a local agent.

For easy comparison, once you complete this form (opens in new window), your coverage information is instantly submitted to companies in Tulsa who will give competitive quotes and help you find cheaper coverage. You won’t need to leave your computer since rate quotes are delivered directly to you. You can find lower rates without a big time investment. If you need to compare prices from a particular provider, you can always visit that company’s website to submit a rate quote request.

Finding the right insurance company shouldn’t rely on just the bottom line cost. These are some questions your agent should answer.

• How is replacement cost determined on your vehicle?
• Do the coverages you’re quoting properly cover your vehicle?
• Will the company cover a rental car if your car is getting fixed?
• By raising physical damage deductibles, how much would you save?
• If independent agents, which companies do they recommend?
• Do they get paid more for recommending certain coverages?
• Does the agency have a positive business rating?

Types of auto insurance agents in Tulsa

When searching for local Tulsa agents, it can be helpful to understand the different agency structures and how they differ in how they can insure your vehicles. Insurance agencies in Tulsa can be described as either independent agents or exclusive agents depending on their employer.

Exclusive Agents

These type of agents can only write with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are not able to compare other company’s rates so they have to upsell other benefits. These agents receive extensive training in insurance sales which helps them sell on service rather than price.

Listed below is a list of exclusive agents in Tulsa that are able to give comparison quotes.

View more Tulsa agents

Independent Agents

Independent agents do not write with just one company so they have the ability to put coverage through many companies and find you cheaper rates. If prices rise, they can switch companies in-house which requires no work on your part.

When comparing rates, we highly recommend that you get some free quotes from at least one independent agent in order to compare the most rates.

Below are Tulsa independent insurance agencies that are able to give comparison quotes.

View more Tulsa agents

Frequent quotes can save

Low-cost Toyota Prius insurance in Tulsa is attainable online and also from your neighborhood Tulsa agents, so you should compare both in order to have the best price selection to choose from. Some car insurance companies may not offer internet price quotes and many times these small, regional companies only sell coverage through independent agents.

We just covered a lot of techniques to get a better price on Toyota Prius insurance in Tulsa. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the biggest savings come from some of the lesser-known companies. Smaller companies may have significantly lower premium rates on certain market segments than their larger competitors like Allstate or State Farm.

To learn more, feel free to visit the following helpful articles:

• Understanding Your Insurance Deductible (Insurance Information Institute)
• Who Has Affordable Car Insurance Rates for Ride Shares in Tulsa? (FAQ)
• What Auto Insurance is Cheapest for Homeowners in Tulsa? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for a 20 Year Old Female in Tulsa? (FAQ)
• Who Has Affordable Tulsa Car Insurance Quotes for a Nissan Altima? (FAQ)
• How Much is Car Insurance for Drivers with Bad Credit in Tulsa? (FAQ)
• Who Has Affordable Tulsa Car Insurance Rates for a Toyota RAV4? (FAQ)
• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Vehicle Insurance in the U.S. (Wikipedia)
• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)