If you want to find the absolute lowest rates, then the best way to get more affordable Toyota Yaris insurance in Virginia Beach is to start doing an annual price comparison from insurance carriers who provide car insurance in Virginia.
- Get an understanding of how companies price auto insurance and the steps you can take to keep rates low. Many rating criteria that cause rate increases like careless driving and a poor credit score can be controlled by improving your driving habits or financial responsibility.
- Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agents can provide prices from many different companies.
- Compare the quotes to the premium of your current policy to determine if switching companies saves money. If you find better rates and decide to switch, make sure coverage does not lapse between policies.
- Give notification to your agent or company to cancel your existing policy. Submit a down payment and signed policy application to your new agent or company. As soon as you receive it, safely store the certificate verifying proof of insurance in your vehicle’s glove compartment or console.
One thing to remember is that you’ll want to compare identical limits and deductibles on every quote and and to get quotes from as many auto insurance providers as possible. This guarantees a fair price comparison and the best price quote selection.
It’s safe to conclude that car insurance companies don’t want you shop around. Insureds who shop around annually will probably switch companies because there is a great chance of finding discount prices. A recent study showed that consumers who make a habit of shopping around saved on average $70 a month compared to people who didn’t regularly shop around.
If finding low prices for insurance in Virginia Beach is your objective, then having a good understanding the best way to quote and compare coverage rates can make it simple to find affordable coverage.
Car insurance discounts help lower rates for Toyota Yaris insurance in Virginia Beach
Car insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that many consumers don’t even know exist. Certain discounts will be applied at the time of purchase, but occasionally some discounts must be specially asked for before being credited.
- Low Miles Discount – Maintaining low annual mileage could qualify for better premium rates on cars that stay parked.
- Own a Home – Simply owning a home can help you save on car insurance because maintaining a house demonstrates responsibility.
- Driver Training Discounts – Completing a defensive driver course can save you 5% or more if your company offers it.
- Anti-lock Brake Discount – Cars and trucks with ABS and/or traction control can stop better under adverse conditions and therefore earn up to a 10% discount.
- Theft Deterrent – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
- Senior Discount – Seniors can get a discount up to 10%.
Just know that many deductions do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, nobody gets a free ride.
The chart below illustrates the comparison of Toyota Yaris car insurance costs with and without discounts applied to the rates. The data is based on a male driver, no tickets, no at-fault accidents, Virginia state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, marriage, homeowner, and multi-car discounts applied.
Larger car insurance companies and a partial list of their discounts are:
- State Farm includes discounts for Drive Safe & Save, passive restraint, multiple autos, anti-theft, safe vehicle, good student, and driver’s education.
- Nationwide may have discounts that include multi-policy, defensive driving, easy pay, good student, family plan, accident-free, and Farm Bureau membership.
- GEICO may offer discounts for emergency military deployment, five-year accident-free, federal employee, anti-lock brakes, multi-vehicle, anti-theft, and multi-policy.
- AAA offers discounts including anti-theft, good student, AAA membership discount, multi-policy, pay-in-full, good driver, and multi-car.
- 21st Century has discounts for automatic seat belts, teen driver, driver training, student driver, anti-lock brakes, and early bird.
- The Hartford discounts include vehicle fuel type, defensive driver, air bag, good student, driver training, and anti-theft.
It’s a good idea to ask each company or agent which discounts you may be entitled to. Depending on the company, some discounts might not be offered on policies in Virginia Beach. To choose insurance companies that have a full spectrum of discounts in Virginia Beach, click this link.
All major auto insurance companies like Progressive, Allstate and GEICO allow consumers to get pricing directly from their websites. Getting Toyota Yaris insurance prices online is fairly straightforward as you just enter your coverage information into the quote form. After you complete the form, the company’s rating system gets your driving record and credit report and returns pricing information determined by many factors. This makes comparing rates easy, and it’s very important to get many rate quotes in order to find the most affordable premium possible.
If you want to find out how much you can save on auto insurance, compare quotes from the companies shown below. If you currently have coverage, we recommend you complete the form with the insurance coverages just like they are on your policy. Using the same limits helps guarantee you’re receiving a rate comparison based on similar coverages.
The providers in the list below can provide comparison quotes in Virginia Beach, VA. If multiple companies are listed, we recommend you visit as many as you can to get the best price comparison.
Toyota Yaris insurance coverage information
The price information displayed next outlines detailed analysis of insurance costs for Toyota Yaris models. Being more informed about how insurance prices are determined can benefit drivers when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $122 | $264 | $328 | $20 | $98 | $832 | $69 |
| Yaris 4-Dr Hatchback | $122 | $264 | $290 | $18 | $88 | $782 | $65 |
| Yaris 4-Dr Sedan | $122 | $264 | $290 | $18 | $88 | $782 | $65 |
| Yaris S 2-Dr Hatchback | $140 | $264 | $328 | $20 | $98 | $850 | $71 |
| Yaris S 4-Dr Hatchback | $140 | $264 | $290 | $18 | $88 | $800 | $67 |
| Yaris S 4-Dr Sedan | $140 | $264 | $290 | $18 | $88 | $800 | $67 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Information does not factor in garaging location in Virginia Beach which can change auto insurance rates noticeably.
Deductible analysis
One frequently asked question is how high or low should comp and collision deductibles be. The data tables below determine the premium difference of buying low and high insurance deductibles. The first table uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $192 | $400 | $290 | $18 | $88 | $1,013 | $84 |
| Yaris 4-Dr Hatchback | $192 | $400 | $258 | $16 | $78 | $969 | $81 |
| Yaris 4-Dr Sedan | $192 | $400 | $258 | $16 | $78 | $969 | $81 |
| Yaris S 2-Dr Hatchback | $222 | $400 | $290 | $18 | $88 | $1,043 | $87 |
| Yaris S 4-Dr Hatchback | $222 | $400 | $258 | $16 | $78 | $999 | $83 |
| Yaris S 4-Dr Sedan | $222 | $400 | $258 | $16 | $78 | $999 | $83 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $108 | $210 | $290 | $18 | $88 | $714 | $60 |
| Yaris 4-Dr Hatchback | $108 | $210 | $258 | $16 | $78 | $670 | $56 |
| Yaris 4-Dr Sedan | $108 | $210 | $258 | $16 | $78 | $670 | $56 |
| Yaris S 2-Dr Hatchback | $122 | $210 | $290 | $18 | $88 | $728 | $61 |
| Yaris S 4-Dr Hatchback | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Yaris S 4-Dr Sedan | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific Virginia Beach garaging location which can alter prices significantly.
Using the data above, we can ascertain that using a $100 deductible will cost you about $25 more each month or $300 a year than buying the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 36 months between claims, you would come out ahead if you decide on a higher deductible.
Calculation for determining deductible levels
| Average monthly premium for $100 deductibles: | $83 |
| Average monthly premium for $1,000 deductibles (subtract): | – $58 |
| Monthly savings from raising deductible: | $25 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $25 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 36 months |
Do you need full coverage?
The example below visualizes the comparison of Toyota Yaris insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are applied.
When to buy liability coverage only
There isn’t a written rule to stop buying comp and collision coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your Toyota Yaris settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If it’s costing in excess of $800 a year for full coverage, then you may want to consider only buying liability coverage.
There are some conditions where only buying liability is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Toyota Yaris Insurance Premiums Can Be Lower
Many things are part of the calculation when quoting car insurance. Most are fairly basic such as traffic violations, although others are more transparent such as your credit history or your vehicle rating.
The factors shown below are some of the things that factor into your rate level.
Stress out and pay more – Do you work in a high-stress field? Occupations like fire fighters, architects, and medical professionals usually pay the highest rates in part from high stress and long work days. Conversely, jobs such as professors, students and homemakers have the lowest average rates.
Pleasure use saves money – The more you drive every year the more you will pay for car insurance. A lot of companies charge to insure your cars based on how the vehicle is used. Cars that have low annual miles can get a lower rate compared to those used for work or business. Double check that your car insurance policy properly reflects the correct usage, because it can save money. A policy that improperly rates your Yaris is just wasting money.
Rates can drop if you have more than one policy – Some insurers afford better rates to clients that purchase more than one policy such as combining an auto and homeowners policy. Even if you’re getting this discount it’s still a good idea to check prices from other companies to ensure the best deal. It’s possible to still save even more by splitting coverages up.
Lower physical damage deductibles cost more – Insurance for physical damage, also called ‘full coverage’, covers damage that occurs to your Toyota. Some examples of claims that would be covered are colliding with a building, damage from fire, and windstorm damage. The deductibles represent how much money you are willing to pay before your car insurance pays a claim. The more money you are required to pay out-of-pocket, the less money you will pay for car insurance.
Claims statistics for a Toyota Yaris – Insurance companies analyze the history of losses to help calculate premium costs. Models that the data determines to have a higher amount or frequency of claims will have a higher premium rate.
The table below illustrates the insurance loss data for Toyota Yaris vehicles. For each coverage type, the loss probability for all vehicles, as a total average, equals 100. Values under 100 indicate better than average losses, while percentages above 100 indicate frequent claims or statistically larger losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Yaris | 94 | 88 | 92 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance quotes from local Virginia Beach insurance agencies
A lot of people prefer to get advice from a local agent and there is nothing wrong with that. One of the great benefits of comparing insurance prices online is you may find cheap auto insurance quotes and also buy local.
Upon completion of this simple form, the coverage information gets sent to local insurance agents in Virginia Beach who will give you bids for your coverage. It makes it easy because there is no need to even leave your home as quotes are delivered to you directly. Get lower rates without having to waste a lot of time. If for some reason you want to quote rates for a specific company, you would need to go to their quote page and give them your coverage information.
Selecting a insurance company shouldn’t rely on just the price. Here are some questions you might want to ask.
- Do they review policy coverages at every renewal?
- Are they actively involved in the community?
- How many years have they been established?
- Does the company allow you to choose your own collision repair facility?
- Are they in the agency full-time?
When narrowing the list to find a local insurance agency, you should know the different types of agents and how they differ in how they quote coverages. Auto insurance agents in Virginia Beach may be either exclusive or independent.
Exclusive Auto Insurance Agents
Exclusive insurance agents can only place business with one company like State Farm, Allstate, and Farm Bureau. These agents are not able to provide prices from multiple companies so it’s a take it or leave it situation. Exclusive insurance agents are usually quite knowledgeable on their company’s products and that can be a competitive advantage.
Below is a short list of exclusive insurance agents in Virginia Beach that are able to give price quotes.
Paula Rosati – State Farm Insurance Agent
4221 Pleasant Valley Rd #108 – Virginia Beach, VA 23464 – (757) 467-4300 – View Map
Rose Goheen – State Farm Insurance Agent
1112 Laskin Rd – Virginia Beach, VA 23451 – (757) 428-8002 – View Map
Ken Crowder – State Farm Insurance Agent
5802 E Virginia Beach Blvd #128 – Norfolk, VA 23502 – (757) 461-2027 – View Map
Independent Insurance Agents
Agents that elect to be independent do not sell for just one brand so they can write business through lots of different companies and get the cheapest rates. If premiums increase, the business is moved internally which makes it simple for you.
If you need lower rates, you will want to contact multiple independent agents for maximum quote selection.
The following are Virginia Beach independent agencies that can give you price quotes.
Toby Leffel Insurance Agency
921 First Colonial Road #1703 – Virginia Beach, VA 23454 – (757) 481-9105 – View Map
WBR Insurance
3213 Virginia Beach Blvd – Virginia Beach, VA 23452 – (757) 340-0028 – View Map
Nationwide Insurance: Chesson Insurance Agency Inc
307 Lynnhaven Pkwy Ste 201 – Virginia Beach, VA 23452 – (757) 464-4443 – View Map
Choosing the best vehicle insurance in Virginia is an important decision
Even though it can be expensive, insuring your vehicle may be required and benefits you in several ways.
- Most states have mandatory insurance requirements which means state laws require specific minimum amounts of liability coverage if you don’t want to risk a ticket. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you have a lien on your vehicle, it’s guaranteed your bank will force you to have physical damage coverage to guarantee payment of the loan. If you let the policy lapse, the lender may have to buy a policy to insure your Toyota at a much higher rate and force you to reimburse them for the much more expensive policy.
- Insurance safeguards not only your vehicle but also your financial assets. Insurance will also pay for most medical and hospital costs incurred in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your Toyota gets damaged, comprehensive and/or collision insurance will cover the repair costs.
The benefits of buying insurance more than cancel out the cost, especially when you need to use it. The average driver in America overpays more than $865 each year so compare rates once a year at a minimum to help ensure money is not being wasted.
Get the best coverage at the most affordable price
A few companies don’t offer online price quotes and these small, regional companies only sell coverage through local independent agents. Budget-conscious Toyota Yaris insurance can be sourced from both online companies as well as from insurance agents, and you need to price shop both so you have a total pricing picture.
We just covered a lot of information how to compare Toyota Yaris insurance premium rates in Virginia Beach. The key thing to remember is the more companies you get prices for, the higher your chance of finding low cost Virginia Beach auto insurance quotes. You may even be surprised to find that the best price on insurance is with a small local company. Some small companies may often insure only within specific states and give better rates than the large multi-state companies such as Progressive and GEICO.
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