Unfortunately, the vast majority of consumers kept buying from the same company for well over three years, and 38% of customers have never shopped around. American drivers could save about 47% each year by just shopping around, but most just don’t grasp how much they could save if they bought a different policy.
The best way to get affordable Scion tC insurance is to regularly compare quotes from insurance carriers who provide auto insurance in Louisville. Rates can be compared by completing these steps.
- Step 1: Try to comprehend how your policy works and the things you can control to prevent expensive coverage. Many risk factors that are responsible for high rates such as distracted driving and a substandard credit history can be remedied by being financially responsible and driving safely.
- Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while agents who are independent can provide rate quotes from multiple insurance companies. View prices
- Step 3: Compare the price quotes to your current policy and determine if cheaper tC coverage is available in Louisville. If you can save money and switch companies, make sure coverage does not lapse between policies.
- Step 4: Provide notification to your current company to cancel your current auto insurance policy. Submit the application along with any required down payment to your new insurance company. As soon as coverage is bound, keep your new certificate of insurance with the vehicle registration.
A good tip to remember is that you’ll want to compare identical coverages on every quote and and to get price estimates from as many companies as feasibly possible. Doing this ensures a fair rate comparison and maximum price selection.
Car insurance data for a Scion tC
The price information displayed next showcases estimates of prices for Scion tC models. Having a better idea how premiums are determined can help customers make decisions on the best policy coverages.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|TC 2-Dr Hatchback||$134||$374||$462||$28||$138||$1,136||$95|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in specific location which can modify premium rates considerably.
Scion tC full coverage rates compared to liability only
The diagram below compares Scion tC insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no tickets, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no clear-cut formula of when to exclude comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Scion tC replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after paying the physical damage deductible. If you are paying more than $400 annually for physical damage coverage, then you might consider buying liability only.
There are some situations where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
What car insurance coverages do you need?
Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.
Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Since many Kentucky drivers carry very low liability coverage limits (which is 25/50/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.
Comprehensive insurance – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as hail damage, damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a bird. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for short-term medical expenses such as doctor visits, pain medications and rehabilitation expenses. They are often used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available and may carry a deductible
Liability auto insurance – This coverage provides protection from damage that occurs to a person or their property. It protects you from claims by other people. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/10 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.
Liability coverage protects against claims such as bail bonds, funeral expenses, medical expenses, pain and suffering and attorney fees. How much coverage you buy is a personal decision, but buy as much as you can afford. Kentucky state minimum liability requirements are 25/50/10 but you should think about purchasing more coverage.
The chart below demonstrates why the minimum limit may not provide you with enough coverage.
Collision coverage – This coverage covers damage to your tC resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims like driving through your garage door, scraping a guard rail, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to increase the deductible on your tC in order to get cheaper collision rates.
Quote more and you will save more
Throughout this article, we presented quite a bit of information on how to lower your Scion tC insurance rates in Louisville. The key concept to understand is the more providers you compare, the better chance you’ll have of finding low cost Louisville auto insurance quotes. Consumers could even find that the most savings is with an unexpected company.
Insureds who switch companies do it for many reasons like high rates after DUI convictions, being labeled a high risk driver, high prices or poor customer service. It doesn’t matter what your reason, finding the right insurance provider can be easy and end up saving you some money.
As you prepare to switch companies, don’t be tempted to reduce coverage to reduce premium. There are a lot of situations where an insured dropped physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. The goal is to get the best coverage possible at the lowest possible cost, but don’t skip important coverages to save money.
Additional insurance information can be read at the links below
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for Drivers Under 21 in Louisville? (FAQ)
- Who Has the Cheapest Louisville Car Insurance Quotes for Drivers with a DUI? (FAQ)
- Who Has Cheap Louisville Car Insurance for Veterans? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Safety Features for Your New Car (State Farm)