If you want to save money, the best way to find affordable quotes for Toyota Sienna insurance is to do a yearly price comparison from insurance carriers who sell insurance in Virginia Beach.
- First, take a little time to learn about the coverage provided by your policy and the modifications you can make to prevent expensive coverage. Many factors that cause rate increases such as getting speeding tickets and a less-than-favorable credit rating can be improved by making lifestyle changes or driving safer. This article gives additional tips to get better rates and find more discounts that you may not know about.
- Second, request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can provide prices from multiple sources.
- Third, compare the quotes to your existing rates and determine if cheaper Sienna coverage is available in Virginia Beach. If you find a lower rate and change companies, ensure there is no coverage lapse between policies.
- Fourth, tell your current agent or company to cancel the current policy and submit payment along with a signed and completed policy application to your new agent or company. When you receive it, safely store the proof of insurance certificate in your vehicle’s glove compartment or console.
An important bit of advice to remember is to use similar limits and deductibles on each price quote and and to analyze every company you can. Doing this provides a level playing field and many rates to choose from.
Unbelievably, the vast majority of insurance customers in Virginia have bought insurance from the same company for four years or more, and nearly half have never shopped around. U.S. insurance shoppers could save approximately 46.5% every year just by getting comparison quotes, but they underestimate how much savings they would realize if they switched to a cheaper policy.
How Car Insurance Companies Calculate Toyota Sienna Insurance Prices
Many different elements are part of the equation when you get a price on insurance. Some are pretty understandable such as traffic violations, but others are less obvious such as whether you are married or your commute time.
The items below are a few of the things used by insurance companies to determine premiums.
Are females or males drivers cheaper? – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn’t mean males are worse at driving than females. They both have auto accidents in similar numbers, but the males get into accidents with more damage. Not only that, but men also receive more costly citations like reckless driving and DUI.
The example below compares Toyota Sienna annual premium costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no other discounts are factored in.
Prices are impacted by vehicle performance – The performance level of the vehicle you are buying insurance for makes a huge difference in your car insurance bill. Lower cost passenger cars generally have the cheapest insurance rates, but there are many factors that impact the final cost.
The following chart is based on a married female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It shows Toyota Sienna car insurance rates compared to other models of vehicles that have different performance rating factors.
Older drivers are lower risk – Teenage drivers in Virginia are proven to be less responsible when behind the wheel therefore car insurance rates are much higher. Older insureds tend to be more responsible, tend to cause fewer accidents, and tend to be get fewer driving tickets.
The data below is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Your spouse saves you money – Having a spouse helps lower the price on your car insurance bill. It translates into being more mature than a single person and statistics show married drivers tend to have fewer serious accidents.
If you don’t need it don’t buy it – Insurance companies have many additional coverages that can waste your money if you don’t pay attention. Things like personal injury protection, accident forgiveness, and extra life insurance coverage are some examples. These may sound like a good investment when you first buy your policy, but if you don’t need them remove them from your policy.
Consolidate policies to earn discounts – The majority of companies provide lower prices to clients that have more than one policy in the form of a multi-policy discount. Even if you already get this discount, it’s always a smart idea to get quotes from other companies to verify if the discount is saving money.
Insurance loss statistics a Toyota Sienna – Companies include the past claim trends for vehicles to help determine prices. Models that the data shows to have a trend towards higher claim severity or frequency will have higher rates for specific coverages.
The table below outlines the insurance loss data used by companies for Toyota Sienna vehicles. For each coverage category, the claim probability for all vehicles, as a total average, equals 100. Values that are below 100 indicate better than average losses, while percentage numbers above 100 indicate more frequent losses or statistically larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Sienna 2WD | 99 | 88 | 99 | 94 | 98 | 85 |
| Toyota Sienna 4WD | 106 | 94 | 102 | 75 | 65 | 73 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
To get affordable Virginia Beach car insurance quotes, there a variety of ways to get quotes from different companies. The recommended way to compare rates consists of obtaining rate quotes online.
When comparison shopping, having more price comparisons will increase your chances of finding the best rates. Some smaller insurers do not give rate quotes online, so you should also compare price estimates from those companies as well.
The companies shown below provide free rate quotes in Virginia Beach, VA. To locate cheap auto insurance in Virginia Beach, VA, we suggest you visit as many as you can to get the most affordable price.
Insurance statistics and figures
The coverage table shown below covers detailed analysis of insurance coverage prices for Toyota Sienna models. Being aware of how insurance quotes are calculated helps drivers make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sienna CE | $176 | $368 | $266 | $16 | $80 | $906 | $76 |
| Sienna LE | $202 | $368 | $266 | $16 | $80 | $932 | $78 |
| Sienna LE AWD | $202 | $368 | $266 | $16 | $80 | $932 | $78 |
| Sienna XLE | $202 | $368 | $266 | $16 | $80 | $932 | $78 |
| Sienna XLE AWD | $202 | $434 | $266 | $16 | $80 | $998 | $83 |
| Sienna Limited | $228 | $434 | $266 | $16 | $80 | $1,024 | $85 |
| Sienna Limited AWD | $228 | $434 | $266 | $16 | $80 | $1,024 | $85 |
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Prices do not factor in Virginia Beach location which can change rates significantly.
Policy deductible comparison
When shopping for insurance, a common question is how low should you set your deductibles. The following tables may help to conceptualize the cost difference when you select higher and lower deductibles. The first table uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sienna CE | $174 | $336 | $258 | $16 | $78 | $887 | $74 |
| Sienna LE | $198 | $336 | $258 | $16 | $78 | $911 | $76 |
| Sienna LE AWD | $198 | $336 | $258 | $16 | $78 | $911 | $76 |
| Sienna XLE | $198 | $336 | $258 | $16 | $78 | $911 | $76 |
| Sienna XLE AWD | $198 | $394 | $258 | $16 | $78 | $969 | $81 |
| Sienna Limited | $224 | $394 | $258 | $16 | $78 | $995 | $83 |
| Sienna Limited AWD | $224 | $394 | $258 | $16 | $78 | $995 | $83 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sienna CE | $108 | $210 | $258 | $16 | $78 | $670 | $56 |
| Sienna LE | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Sienna LE AWD | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Sienna XLE | $122 | $210 | $258 | $16 | $78 | $684 | $57 |
| Sienna XLE AWD | $122 | $248 | $258 | $16 | $78 | $722 | $60 |
| Sienna Limited | $138 | $248 | $258 | $16 | $78 | $738 | $62 |
| Sienna Limited AWD | $138 | $248 | $258 | $16 | $78 | $738 | $62 |
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in vehicle location which can decrease or increase coverage rates considerably.
Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $19 more each month or $228 annually than quoting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 39 months between claim filings, you would probably be better off by selecting a higher deductible. Here’s how we made this calculation.
| Average monthly premium for $250 deductibles: | $78 |
| Average monthly premium for $1,000 deductibles (subtract): | – $59 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 39 months |
An important sidenote is that a higher deductible level results in a higher out-of-pocket expense when you have a claim. That will require a higher level of savings in the event you need to pay the deductible.
The example below shows how different deductible levels and can raise or lower Toyota Sienna insurance costs for different insured age categories. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Full coverage versus liability-only
The example below illustrates the comparison of Toyota Sienna auto insurance rates when comparing full coverage to liability only. The information is based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no exact formula to drop physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s assume your Toyota Sienna book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after paying your deductible. If you are paying over $400 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where dropping full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.
Why you need auto insurance
Even though it’s not necessarily cheap to insure a Toyota in Virginia Beach, auto insurance may be required for several reasons.
- Most states have compulsory liability insurance requirements which means state laws require a specific level of liability protection if you want to drive legally. 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 bought your vehicle with a loan, almost every bank will make it a condition of the loan that you have physical damage coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Toyota at a more expensive rate and require you to pay much more than you were paying before.
- Auto insurance preserves both your assets and your Toyota Sienna. It will also provide coverage for medical bills that are the result of an accident. Liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of having auto insurance definitely exceed the price paid, especially when you need to use it. Despite what companies tell you, the average driver is overpaying over $830 a year so you should quote rates at least once a year to help ensure money is not being wasted.
Save money with these discounts on Toyota Sienna insurance in Virginia Beach
Not too many consumers would say car insurance is affordable, but discounts can save money and there are some available that many people don’t even know exist. Certain credits will be shown at the time of purchase, but a few must be requested specifically before you get the savings. If you do not check that you are getting every discount you qualify for, you could be saving more on your car insurance.
- Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and earn discounts up to 10% off your Virginia Beach car insurance quote.
- New Vehicle Savings – Buying car insurance coverage on a new vehicle can save you some money since new vehicles are generally safer.
- Telematics Devices – Drivers who elect to allow their insurance company to analyze when and where they use their vehicle by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they have good driving habits.
- No Charge for an Accident – Not necessarily a discount, but a few companies such as Allstate and State Farm will let one accident slide without getting socked with a rate hike if you have no claims prior to being involved in the accident.
- Good Student – Performing well in school can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
Discounts lower rates, but many deductions do not apply to the whole policy. Most only cut the cost of specific coverages such as comp or med pay. Despite the appearance that all the discounts add up to a free policy, you aren’t that lucky. But all discounts will cut the cost of coverage.
The illustration below illustrates the difference between Toyota Sienna insurance premiums with and without some available policy discounts. The rate quotes are based on a male driver, no accidents, no driving violations, 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 multi-car, multi-policy, homeowner, marriage, safe-driver, and claim-free discounts applied.
To view insurers that provide some of the discounts listed above in Virginia Beach, click this link.
Local neighborhood insurance agents
A small number of people would rather talk to a local agent and we recommend doing that The best thing about price shopping on the web is that you can obtain the best rates and also buy local.
For easy comparison, once you complete this short form, your insurance data gets sent to local insurance agents who will give competitive quotes to get your business. It simplifies rate comparisons since you won’t have to contact any agents because quoted prices will be sent immediately to you. You can find the lowest rates and an insurance agent to talk to. In the event you want to get a price quote from a particular provider, you can always visit that company’s website and fill out the quote form the provide.
Deciding on an provider should include more criteria than just the quoted price. The questions below may impact your decision as well.
- Is auto insurance their primary focus in Virginia Beach?
- What insurance companies do they work with in Virginia Beach?
- How is replacement cost determined on your vehicle?
- Are claims handled at the agent’s location?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Is every driver in your family covered?
- Do they offer rental car reimbursement?
Pick the best auto insurance agent in Virginia Beach for you
If you are wanting to find a reliable insurance agency, you need to know there are two types of agencies that you can choose from. Virginia Beach agents can either be independent agents or exclusive agents depending on their employer.
Exclusive Insurance Agencies
Exclusive agencies normally can only provide a single company’s rates and some examples include AAA, State Farm, Farmers Insurance, and Allstate. These agents are unable to provide other company’s prices so you might not find the best rates. Exclusive agents are usually well trained on the products they sell and that can be a competitive advantage. Some people will only buy from exclusive agents mainly due to the brand name and solid financial strength.
Shown below are Virginia Beach exclusive insurance agents that can give you comparison quotes.
- State Farm: Paula Faivre
2052 S Independence Blvd #007 – Virginia Beach, VA 23453 – (757) 340-3999 – View Map - Matt Abbott – State Farm Insurance Agent
4646 Princess Anne Rd #103 – Virginia Beach, VA 23462 – (757) 497-1999 – View Map - Brett Pendergast – State Farm Insurance Agent
4388 Holland Road Ste. 110 – Virginia Beach, VA 23452 – (757) 499-6813 – View Map
Independent Agents
Independent agents do not have single company limitations so they can insure your vehicles with lots of companies and get you the best rates possible. If you are not satisfied with one company, the business is moved internally without you having to go to a different agency.
When shopping rates, we recommend you compare quotes from a couple of independent agencies to get the most accurate price comparison. Most also write with companies that do not advertise much that can offer cheaper rates than bigger companies.
Shown below are independent insurance agencies in Virginia Beach that can give you comparison quotes.
- Bordeaux Insurance Agency
4654 Haygood Rd – Virginia Beach, VA 23455 – (757) 460-6220 – View Map - Towne Insurance
301 Bendix Rd #300 – Virginia Beach, VA 23452 – (757) 468-6100 – View Map - Nationwide Insurance: Bob McCrearyh CLU Insurance Agency, Inc.
533 Newtown Rd #112 – Virginia Beach, VA 23462 – (757) 497-1899 – View Map
Lower rates by being persistent
Some insurance companies don’t offer online quoting and these regional insurance providers sell through local independent agencies. Cost effective Toyota Sienna insurance can be purchased both online and also from your neighborhood Virginia Beach agents, and you should compare price quotes from both so you have a total pricing picture.
Drivers change insurance companies for a variety of reasons including questionable increases in premium, lack of trust in their agent, being labeled a high risk driver and an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right auto insurance provider can be easier than you think.
We just covered many ways to find cheap Toyota Sienna insurance in Virginia Beach. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may even discover the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising.
Additional auto insurance information can be read at the links below
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- How Much is Auto Insurance for Real Estate Agents in Virginia Beach? (FAQ)
- Who Has Affordable Auto Insurance for a Ford F-150 in Virginia Beach? (FAQ)
- How Much are Virginia Beach Car Insurance Quotes for Unemployed Drivers? (FAQ)
- Red Light Cameras (State Farm)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)
- Older Drivers FAQ (iihs.org)