How long has it been since you compared more affordable Toyota Prius insurance in Philadelphia? Do you get frustrated by the dozens of auto insurance sources in Philadelphia? Pennsylvania vehicle owners have such a large number of options that it can easily turn into a chore to find lower auto insurance rates on Toyota Prius insurance. If you’ve ever been there, you know that Philadelphia has many things to offer, but high auto insurance prices can make it hard for many residents to afford coverage.
A recent NerdWallet.com study revealed that a large majority of drivers have purchased from the same company for at least the last four years, and nearly 40% of drivers have never even compared quotes to find affordable rates. The average driver in America can save roughly 47% each year, but most undervalue the big savings they would realize if they switch to a new company.
Smart consumers take time to compare rates once or twice a year since insurance prices trend upward over time. If you had the lowest rates on Toyota Prius insurance in Philadelphia six months ago you can probably find a better premium rate now. Forget anything you know (or think you know) about auto insurance because we’re going to show you the tricks you need to know to save money, get proper coverage and the best rates.
Locating the most cost-effective insurance policy in Philadelphia is quite easy. Nearly everyone who is looking for a better price on insurance will most likely find a lower price. But Pennsylvania car owners can benefit by having an understanding of how insurance companies determine how much to charge.
The most recommended method to compare rate quotes for Toyota Prius insurance in Philadelphia is to know the trick almost all companies have advanced systems to quote your coverage. The one thing you need to do is provide information including if the car is leased, what you do for a living, if a SR-22 is required, and driver details. That rating information gets sent immediately to many different companies and you should receive rate quotes instantly.
To compare cheap Toyota Prius insurance rates now, click here and find out if lower rates are available in Philadelphia.
The auto insurance companies shown below provide free quotes in Philadelphia, PA. If multiple companies are listed, we suggest you click on several of them in order to get a fair rate comparison.
It may be expensive, but it’s not optional
Despite the high cost, insurance is not optional due to several reasons.
- Just about all states have minimum mandated liability insurance limits which means the state requires a specific level of liability if you drive a vehicle. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you took out a loan on your Toyota Prius, most banks will make it mandatory that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank may insure your Toyota at a more expensive rate and require you to fork over the higher premium.
- Insurance protects your Toyota and your assets. It also can pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of buying auto insurance are without a doubt worth the cost, particularly when you have a large claim. An average driver in America is overpaying over $800 each year so we recommend shopping around at least once a year to save money.
Toyota Prius insurance coverage information
The coverage table below highlights detailed analysis of policy rates for Toyota Prius models. Having a good understanding how auto insurance premiums are formulated helps drivers make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Prius | $260 | $426 | $378 | $22 | $114 | $1,200 | $100 |
| Get Your Own Customized Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in zip code location which can decrease or increase prices substantially.
Choosing deductibles
A question often asked by Philadelphia drivers is which comprehensive and collision deductibles to buy. The tables below highlight how much more you’ll pay when you choose different insurance deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Prius | $320 | $512 | $280 | $16 | $84 | $1,237 | $103 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Prius | $234 | $346 | $280 | $16 | $84 | $960 | $80 |
| Get Your Own Customized Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific Philadelphia garaging location which can revise insurance rates greatly.
We can estimate from the data above that using a $100 deductible will cost you about $23 more each month or $276 for a full year averaged for all Prius models than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 17 months between claim filings, you would probably save some money if you opt for a higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $100 deductibles: | $103 |
| Average monthly premium for $500 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $23 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $23 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
Annual premiums comparing men and women in Philadelphia
The example below shows the difference between Toyota Prius insurance rates for male and female drivers. The rates are based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, single marital status, and no additional discounts are factored in.
Philadelphia insurance discounts for a Toyota Prius
Companies that sell car insurance don’t always advertise the complete list of policy discounts very well, so here is a list some of the more common as well as the least known discounts you could be receiving when you buy Philadelphia auto insurance online.
- Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
- Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% than less cautious drivers.
- Fewer Miles Equal More Savings – Keeping the miles down on your Toyota can earn better car insurance rates on cars that stay parked.
- 55 and Retired – Drivers over the age of 55 can possibly qualify for a small decrease in premiums.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance from them.
Just know that most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, it doesn’t quite work that way.
The example below visualizes the comparison of Toyota Prius insurance rates with and without discounts applied to the premium. The data is based on a female driver, no tickets, no at-fault accidents, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, claim-free, safe-driver, and multi-car discounts applied.
Insurance companies that may include most of these discounts possibly include:
It’s a good idea to ask all the companies which discounts you qualify for. Some credits may not apply to policies in Philadelphia. To locate insurance companies with discount rates in Pennsylvania, click here to view.
Local Philadelphia insurance agencies
Some consumers would rather sit down and talk to an agent and that is recommended in a lot of cases One of the benefits of getting online price quotes is the fact that drivers can get lower premium rates and still have an agent to talk to.
To find an agent, once you fill out this form (opens in new window), the coverage information is instantly submitted to local insurance agents who will give you bids for your business. There is no reason to drive around since price quotes are sent to the email address you provide. You can find lower rates AND a local agent. If you have a need to compare rates from a specific company, don’t hesitate to visit that company’s website and complete a quote there.
Choosing the best company should depend on more than just a low price. Before buying a policy in Philadelphia, get answers to these questions.
- If they are an independent agency in Philadelphia, which companies do they recommend?
- Does the agency support the community they serve?
- If you raise deductibles, how much can you save?
- Does the agent help file claims?
- Are they full-time agents?
- What company do they have the most business with?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
If you are wanting to find a local Philadelphia insurance agent, it can be helpful to understand the different types of agents that you can choose from. Agents are either independent agents or exclusive agents.
Exclusive Insurance Agencies
Exclusive agents work for only one company such as State Farm, Allstate, or Farmers Insurance. They are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agents are trained well on their company’s products which helps overcome the inability to quote other rates. Consumers frequently use the same exclusive agent mainly due to the brand legacy rather than low rates.
Shown below is a list of exclusive insurance agents in Philadelphia who may provide you with comparison quotes.
- Jerry Gregory – State Farm Insurance Agent
2999 Welsh Rd – Philadelphia, PA 19152 – (215) 338-3313 – View Map - Kevin Lowber – State Farm Insurance Agent
1347 E Hunting Park Ave – Philadelphia, PA 19124 – (215) 533-9010 – View Map - State Farm – Adam Hutcheon
1436 Fairmount Ave – Philadelphia, PA 19130 – (215) 765-2686 – View Map
Independent Agents (or Brokers)
Agents that choose to be independent often have many company appointments and that enables them to quote your coverage amongst many companies enabling the ability to shop coverage around. To move your coverage to a new company, they simply move your policy to a different company and you stay with the same agent. When comparing rates, it’s a good idea to check rates from a few independent agents so that you have a good selection of quotes to compare. Most independent agents also contract with lesser-known insurance companies which could offer lower prices.
Shown below is a short list of independent insurance agencies in Philadelphia willing to provide rate quotes.
- Juniata Ins Agency
1206 E Hunting Park Ave – Philadelphia, PA 19124 – (215) 533-9701 – View Map - Fabey Insurance Agency
619 E Girard Ave – Philadelphia, PA 19125 – (215) 425-7640 – View Map - Rexach Insurance Agency
2932 N 5th St – Philadelphia, PA 19133 – (215) 229-6320 – View Map
Quote more to save more
We just covered some good ideas how you can get a better price on Toyota Prius insurance in Philadelphia. The key thing to remember is the more times you quote, the higher your chance of finding low cost Philadelphia auto insurance quotes. Drivers may even discover the best premium rates are with a company that doesn’t do a lot of advertising.
Insureds switch companies for a variety of reasons including poor customer service, extreme rates for teen drivers, policy non-renewal and even high rates after DUI convictions. It doesn’t matter what your reason, choosing a new company is not as difficult as it may seem.
As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. There are a lot of situations where someone dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at a price you can afford, but don’t skip important coverages to save money.
To read more, feel free to visit the following helpful articles:
- Understanding Car Crashes Video (iihs.org)
- What Car Insurance is Cheapest for Immigrants in Philadelphia? (FAQ)
- Who Has the Cheapest Philadelphia Car Insurance for Electric Cars? (FAQ)
- Who Has the Cheapest Auto Insurance for Good Drivers in Philadelphia? (FAQ)
- Who Has Cheap Auto Insurance for a School Permit in Philadelphia? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)