The preferred way to get discount car insurance rates is to do a yearly price comparison from different companies who sell insurance in Louisville.
- First, take a little time to learn about what coverages are included in your policy and the changes you can make to prevent expensive coverage. Many things that cause high rates such as at-fault accidents, speeding tickets, and a less-than-favorable credit history can be amended by being financially responsible and driving safely. Later in this article we will cover instructions to get low prices and find overlooked discounts.
- Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices from multiple sources.
- Third, compare the new rate quotes to the premium of your current policy and determine if cheaper Prius coverage is available in Louisville. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
One bit of advice is to try to compare identical coverages on every quote and and to analyze as many different companies as possible. Doing this provides a fair rate comparison and many rates to choose from.
It’s a fact that insurance companies don’t want customers comparing rates. Consumers who shop around for cheaper price quotes will probably switch to a new company because there is a good probability of finding good coverage at a lower price. A study discovered that consumers who shopped around saved an average of $70 a month compared to people who never shopped around.
If finding the best price on insurance in Louisville is why you’re reading this, then having a good understanding how to compare auto insurance can help make the process easier.
If you’re already insured or need a new policy, use these cost-cutting techniques to reduce the price you pay without having to cut coverage. The goal of this article is to teach you how to effectively get price quotes and how to save the most money. Smart buyers just need to use the tricks to compare rates on the web.
Companies offering affordable Toyota Prius rate quotes in Louisville, KY
The companies shown below provide quotes in Kentucky. If multiple companies are listed, it’s highly recommended you compare several of them to find the cheapest auto insurance rates.
Toyota Prius insurance rates and statistics
The table shown next showcases a range of insurance rates for Toyota Prius models. Having a good grasp of how insurance rates are calculated can help guide drivers when making smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium amounts do not factor in zip code location which can increase or decrease premium rates greatly.
The example below illustrates how your deductible choice and can increase or decrease Toyota Prius premium costs for different age groups. The price estimates are based on a married female driver, full physical damage coverage, and no other discounts are factored in.
Premiums by gender and age
The information below illustrates the difference between Toyota Prius insurance costs for male and female drivers. Data assumes no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are single, and no policy discounts are applied.
Liability only or full coverage
The chart below compares Toyota Prius car insurance rates with full coverage and liability only. The information is based on no accidents or driving violations, $500 deductibles, drivers are not married, and no discounts are factored in.
Should you be buying full coverage?
There is no definitive rule to delete physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is 10% or more 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 say your Toyota Prius replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If you are paying more than $600 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Discounts can help save money on Toyota Prius insurance in Louisville
Some insurance providers do not advertise the complete list of policy discounts very well, so the list below details a few of the more common and also the more inconspicuous credits that may apply to you.
- Club Memberships – Participating in specific professional or occupational memberships or organizations is a good way to get lower rates on car insurance.
- Discount for Multiple Policies – If you combine your auto and home policies and insure them with the same company you will save up to 20% and get you the cheapest Toyota Prius insurance in Louisville.
- Government Employee Discount – Simply working for the federal government could provide a small rate reduction depending on your car insurance provider.
- Seat Belts Save – Forcing all vehicle occupants to buckle up before driving could save 15% on the medical payments or PIP coverage costs.
- Air Bags and Passive Restraints – Factory options such as air bags and/or automatic seat belt systems can get savings of 25 to 30%.
- Drivers Education – Teen drivers should successfully complete driver’s ed class as it will make them better drivers and lower rates.
- Onboard Data Collection – Drivers that enable their company to track driving habits by using a telematics device in their vehicle like Allstate’s Drivewise may get a rate reduction as long as the data is positive.
- Drive Safe and Save – Insureds without accidents can get discounts for up to 45% lower rates than less cautious drivers.
- Senior Citizen Discount – Mature drivers could receive reduced rates.
- Defensive Driver Discounts – Taking time to complete a safe driver class could possibly earn you a 5% discount depending on where you live.
It’s important to note that some of the credits will not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comp or med pay. Just because you may think all those discounts means the company will pay you, it’s just not the way it works.
The illustration below compares Toyota Prius car insurance rates with and without discounts being applied to the rates. The prices are based on a female driver, no violations or claims, Kentucky 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 homeowner, multi-policy, safe-driver, multi-car, marriage, and claim-free discounts applied.
Auto insurance companies that may include most of the discounts above possibly include:
Double check with every prospective company which discounts you may be entitled to. Savings may not be offered in your state. To see car insurance companies that provide some of the discounts listed above in Louisville, follow this link.
Informed Drivers Know How to Quote Insurance at a Discount
Many things are part of the equation when quoting car insurance. A few of the factors are predictable like a motor vehicle report, although some other factors are more transparent like where you live or your vehicle rating. An important part of buying insurance is that you know some of the factors that aid in calculating the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find cheaper rates.
Shown below are some of the most rate-impacting factors that factor into your rate level.
- Pay lower rates if you’re married – Walking down the aisle actually saves money on your insurance bill. It demonstrates that you tend to be more responsible it has been statistically shown that married drivers tend to file fewer claims.
- Job can influence prices – Did you know your insurance rates can be affected by your occupation? Jobs such as judges, architects, and accountants tend to have higher average rates due to intense work situations and extremely grueling work hours. On the flip side, occupations such as professors, students and performers have lower than average premiums.
- Decrease rates by maintaining coverage – Driving any period of time without insurance is a big no-no and your next policy will cost more because you let your coverage cancel without a new policy in place. In addition to paying higher premiums, failure to provide proof of insurance can result in a license revocation or jail time. Then you may be required to prove you have insurance by filing a SR-22 with the Kentucky motor vehicle department to get your license reinstated.
Pay more for higher performance vehicles – The performance of the car, truck or SUV you need insurance for makes a huge difference in your rates. Low performance passenger vehicles receive the most favorable rates, but the cost you end up paying is determined by many additional factors.
The data below uses these variables: married female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Toyota Prius insurance rates compared to other models that have a range of risk factors.
Better drivers pay less – How you drive impacts your car insurance rates tremendously. Having just one ticket may cause rates to rise substantially. Good drivers have lower premiums than people who have multiple driving citations. Drivers with serious violations such as reckless driving or DUI may find that they have to to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
The illustration below demonstrates how traffic citations and at-fault claims can raise Toyota Prius car insurance costs for each different age group. The information is based on a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
- Where you live is a factor – Living in a small town is a good thing when buying insurance. People in densely populated areas have more traffic problems and longer commute times. Fewer drivers means fewer accidents and also fewer theft and vandalism claims.
- High credit equals lower prices – Having a good credit rating is a big factor in determining what you pay. If your credit can be improved, you could potentially save money when insuring your Toyota Prius by taking the time to improve your credit score. Insureds with high credit scores tend to be more responsible than drivers with lower ratings.
Insurance loss statistics a Toyota Prius – Car insurance companies include the past claim history for a vehicle in order to profitably underwrite each model. Models that the statistics show to have higher losses will cost more to insure.
The table below illustrates the insurance loss data used by companies for Toyota Prius vehicles. For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, equals 100. Values below 100 suggest a better than average loss history, while values over 100 show a trend for more claims or tendency to have larger claims.
Toyota Prius Insurance Claim Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Prius C Hybrid 113 100 87 120 121 113 Toyota Prius Hybrid 101 97 98 103 118 103 Toyota Prius Plug-in Hybrid 98 89 87 106 114 93 Toyota Prius V Hybrid 94 86 88 88 94 97BETTERAVERAGEWORSE
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local agents and insurance
Many drivers still prefer to buy from a licensed agent and that is recommended in a lot of cases Insurance agents are trained risk managers and give you someone to call. One of the benefits of getting free rate quotes online is that drivers can save money and get cheap insurance rates and still have a local agent. Supporting local insurance agencies is definitely important in Louisville.
By using this form (opens in new window), your information is submitted to local insurance agents in Louisville who will give you bids for your business. There is no need to contact any insurance agencies since rate quotes are delivered to you instantly. If for some reason you want to compare rates from a specific company, you just need to jump over to their website and fill out the quote form the provide.
If you prefer to buy insurance from local Louisville agents, it helps to know the two different agency structures and how they are slightly different. Agents in Louisville may be either independent or exclusive depending on the company they work for. Either type can sell insurance policies, but it is a good idea to know how they are different since it may influence your agent selection.
Independent Insurance Agencies or Brokers
Agents in the independent channel do not have single company limitations and that is an advantage because they can write policies with multiple insurance companies and find the cheapest insurance rates. If they quote lower rates, your policy is moved internally and you can keep the same agent.
If you need lower rates, you will definitely want to include rate quotes from at a minimum one independent agency so that you can do a thorough price comparison. Most can insure with smaller regional carriers which can be an advantage.
Featured below is a list of independent insurance agents in Louisville who can help you get price quote information.
- A Central Insurance Agency
6708 Shepherdsville Rd – Louisville, KY 40228 – (502) 968-1112 – View Map
- Nelson Insurance Group
2000 Envoy Cir # 2000 – Louisville, KY 40299 – (502) 736-7000 – View Map
- Logan, Stanley – Logan Lavelle Hunt Insurance
11420 Bluegrass Pkwy – Louisville, KY 40299 – (502) 499-6880 – View Map
Exclusive Insurance Agencies
Exclusive agents write business for a single company and examples are Farmers Insurance and State Farm. They usually cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are trained well on sales techniques which can be an advantage. Some consumers prefer to purchase coverage from exclusives mostly because of the brand legacy instead of buying on price only.
Listed below is a short list of exclusive insurance agents in Louisville that are able to give rate quotes.
- Charlton Grant Sr – State Farm Insurance Agent
1802 Farnsley Rd – Louisville, KY 40216 – (502) 448-0202 – View Map
- Milt Nugent – State Farm Insurance Agent
1005 Dupont Square N – Louisville, KY 40207 – (502) 897-6426 – View Map
- Clay Robinson – State Farm Insurance Agent
8145 New La Grange Rd – Louisville, KY 40222 – (502) 426-1511 – View Map
Selecting a auto insurance agent shouldn’t rely on just the premium amount. Here are some questions you might want to ask.
- Do they specialize in personal lines coverage in Louisville?
- Can glass repairs be made at your home?
- Is there any savings for paying the full premium?
- Are claims handled at the agent’s location?
- Will the company cover a rental car if your car is getting fixed?
- How many years have they been established?
- If you have an accident, will your rates go up?
Best car insurance company in Kentucky
Picking the top auto insurance company can be difficult considering how many companies sell insurance in Louisville. The company information below could help you choose which auto insurance companies to look at when comparing rate quotes.
Top 10 Louisville Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Louisville Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
Drivers leave their current company for any number of reasons including high prices, not issuing a premium refund, unfair underwriting practices or even poor customer service. Regardless of your reason, finding the right car insurance provider is not as difficult as it may seem.
When shopping online for car insurance, never buy lower coverage limits just to save a few bucks. In too many instances, someone sacrificed collision coverage to discover at claim time that it was a big error on their part. The ultimate goal is to get the best coverage possible for the lowest cost, but do not skimp to save money.
A few companies do not offer rate quotes online and most of the time these small, regional companies prefer to sell through independent insurance agents. Cheaper Toyota Prius insurance in Louisville can be bought online and also from your neighborhood Louisville agents, and you need to price shop both in order to have the best chance of saving money.
Much more information about car insurance in Kentucky can be read at the links below
- Insuring a Leased Car (Insurance Information Institute)
- How Much is Car Insurance for Drivers Under 25 in Louisville? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Coverage Information (Progressive Insurance)
- Credit Impacts Car Insurance Rates (State Farm)