Do you get exhausted from paying out the nose to pay your car insurance bill each month? You are in the same boat as most other drivers in Pennsylvania.
We don’t have to point out that fact that auto insurance companies don’t want customers comparing rates. Consumers who shop for lower prices are very likely to move their business because there is a good chance of finding a policy with more affordable rates. A study showed that people who make a habit of shopping around saved an average of $865 a year compared to policyholders who never shopped around.
If finding low prices for car insurance is your ultimate goal, learning how to get rate quotes and compare insurance coverage can help you succeed in finding affordable rates.
There are many insurers to purchase coverage from, and although it’s a good thing to have a selection, having more auto insurance companies makes it harder to find the best rates for Toyota Yaris insurance in Philadelphia.
Consumers should take time to get comparison quotes as often as possible because car insurance prices go up and down regularly. Just because you found the best price on Toyota Yaris insurance in Philadelphia last year other companies may now be cheaper. Ignore everything you know about car insurance because you’re about to find out the only way to eliminate unnecessary coverages and save money on Toyota Yaris insurance in Philadelphia.
Cheap companies for Toyota Yaris insurance
The companies shown below provide free quotes in Philadelphia, PA. If multiple providers are shown, we suggest you click on several of them to get a more complete price comparison.
Toyota Yaris coverage statistics
The data table displayed next highlights different insurance costs for Toyota Yaris models. Knowing how insurance premiums are determined can aid in making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $218 | $492 | $450 | $26 | $134 | $1,320 | $110 |
| Yaris 4-Dr Hatchback | $218 | $492 | $398 | $24 | $120 | $1,252 | $104 |
| Yaris 4-Dr Sedan | $218 | $492 | $398 | $24 | $120 | $1,252 | $104 |
| Yaris S 2-Dr Hatchback | $250 | $492 | $450 | $26 | $134 | $1,352 | $113 |
| Yaris S 4-Dr Hatchback | $250 | $492 | $398 | $24 | $120 | $1,284 | $107 |
| Yaris S 4-Dr Sedan | $250 | $492 | $398 | $24 | $120 | $1,284 | $107 |
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in your specific Philadelphia location which can alter rates greatly.
The chart below demonstrates how deductibles and can change Toyota Yaris yearly insurance costs for each age group. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Safe drivers pay cheaper rates
The diagram below shows how traffic citations and fender-benders raise Toyota Yaris auto insurance costs for different age groups of insureds. The prices are based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Full coverage versus liability-only in Philadelphia
The chart below illustrates the comparison of Toyota Yaris auto insurance rates with full coverage and liability only. The price estimates are based on no claims or driving citations, $100 deductibles, single status, and no additional discounts are factored in.
When to stop paying for full coverage
There is no set rule to stop paying for comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Toyota Yaris settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some scenarios where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Discounts can help lower premiums on Toyota Yaris insurance in Philadelphia
Some insurers don’t list all their discounts very clearly, so the below list has a few of the more common and also the more inconspicuous discounts that you can inquire about if you buy Philadelphia auto insurance online.
- Safety Restraint Discount – Buckling up and requiring all passengers to use their safety belts can save up to 15% off PIP or medical payments premium.
- Low Mileage – Low mileage vehicles could be rewarded with discounted prices on garaged vehicles.
- Online Discount – Some of the larger companies will discount your bill up to fifty bucks shop Philadelphia auto insurance digitally online.
- Clubs and Organizations – Having an affiliation with a qualifying organization could qualify you for a break on your policy.
- Early Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
- Philadelphia Homeowners Discount – Owning your own home or condo can save you money because owning a home shows financial diligence.
- Federal Government Employee – Federal government employees could cut as much as 10% off with some car insurance companies.
One last thing about discounts, some credits don’t apply to your bottom line cost. Most cut individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.
The information below compares Toyota Yaris insurance rates with and without discounts applied to the policy rates. The costs are based on a male driver, a clean driving record, no claims, Pennsylvania state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-policy, homeowner, and multi-car discounts applied.
If you would like to choose from a list of insurers that provide some of the discounts listed above in Pennsylvania, click here.
Insurance can be complex
Keep in mind that when it comes to choosing a policy, there really isn’t a best way to insure your cars. Your needs are unique to you.
For instance, these questions might point out whether or not you would benefit from an agent’s advice.
- How much can I save by bundling my policies?
- Can I get a multi-policy discount?
- What does UM/UIM cover?
- Why do I need rental car insurance?
- Is my camper covered by my car insurance policy?
- Do I pay less for low miles?
- Does my car insurance cover rental cars?
- Do I need PIP (personal injury protection) coverage in Pennsylvania?
- How much liability do I need to cover my assets?
- Does my insurance cover a custom paint job?
If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Car insurance is available from local insurance agents
A lot of people prefer to go talk to an agent. The best thing about comparing insurance prices online is the fact that you can find lower rates and still have an agent to talk to. Buying from and supporting neighborhood insurance agencies is especially important in Philadelphia.
By using this quick form, your coverage information is transmitted to participating agents in Philadelphia that provide free Philadelphia auto insurance quotes for your business. There is no reason to contact any insurance agencies because quoted prices will be sent to you. You can most likely find cheaper rates and work with a local agent. If for some reason you want to quote rates for a specific company, feel free to go to their quote page and give them your coverage information.
When researching a reliable insurance agency, it’s helpful to know the types of insurance agents and how they operate. Car insurance agencies may be either independent agents or exclusive agents.
Independent Agents (or Brokers)
Independent agencies are normally appointed by many insurers so they have the ability to put coverage amongst many companies enabling the ability to shop coverage around. If they quote lower rates, your agent can just switch to a different company and you can keep the same agent. When comparing rate quotes, you need to get some free quotes from a few independent agents for the best price selection.
Shown below are Philadelphia independent insurance agencies that can give you competitive price quotes.
Accu Insurance Agency
7010 Elmwood Ave – Philadelphia, PA 19142 – (215) 726-0270 – View Map
First Rate Insurance
7790 Rockwell Ave Suite 1 – Philadelphia, PA 19111 – (215) 725-6700 – View Map
The Perzel Agency, Inc.
7338 Frankford Ave – Philadelphia, PA 19136 – (215) 335-6878 – View Map
Exclusive Agencies
Exclusive insurance agents can only place business with one company and examples are Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agencies are very knowledgeable on sales techniques which helps them sell on service rather than price.
Below is a short list of exclusive agencies in Philadelphia who can help you get rate quotes.
Erica Bantom Martin – State Farm Insurance Agent
1124 S Broad St – Philadelphia, PA 19146 – (215) 875-8100 – View Map
Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 – View Map
Vince Ovecka – State Farm Insurance Agent
456 E Girard Ave – Philadelphia, PA 19125 – (215) 739-0800 – View Map
Picking the best car insurance agent is decision based upon more than just a cheap price. Any good agent in Philadelphia should know the answers to these questions.
- Are aftermarket or OEM parts used to repair vehicles?
- How long has the business existed?
- Will high miles depreciate repair valuations?
- If your car is totaled, how to they determine the replacement cost?
- Are there any discounts for paying up front?
- Are they paid to recommend certain coverages?
- Can they provide you with a list of referrals?
- When do they do policy reviews?
Quote more and you will save more
We’ve covered many tips how you can find affordable Toyota Yaris insurance in Philadelphia. The most important thing to understand is the more times you quote, the higher your chance of finding affordable Philadelphia auto insurance quotes. Consumers may even find the most savings is with a small mutual company.
Cheaper car insurance in Philadelphia is attainable both online and with local Philadelphia insurance agents, so you need to shop Philadelphia auto insurance with both in order to have the best chance of saving money. Some insurance providers do not offer online rate quotes and most of the time these small, regional companies only sell coverage through independent agents.
As you shop your coverage around, it’s a bad idea to sacrifice coverage to reduce premiums. In many instances, someone dropped uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your objective should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.
Additional information is located on the following sites:
- Five Mistakes to Avoid (Insurance Information Institute)
- Who Has the Cheapest Philadelphia Auto Insurance Rates for Drivers with a Bad Driving Record? (FAQ)
- Who Has Cheap Car Insurance Rates for Good Students in Philadelphia? (FAQ)
- Who Has the Cheapest Auto Insurance for 16 Year Olds in Philadelphia? (FAQ)
- What Auto Insurance is Cheapest for Young Drivers in Philadelphia? (FAQ)
- Who Has Affordable Philadelphia Car Insurance Quotes for Drivers with Good Credit? (FAQ)
- What is Covered by GAP Insurance? (Allstate)
- Medical Payments Coverage (Liberty Mutual)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)