2017 Toyota Prius v Insurance Cost in 2024 – 10 Savings Tips

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 7, 2024

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Are you drained from being strong-armed to pay auto insurance each month? You are no different than many other consumers. There are many auto insurance companies to buy insurance from, and even though it’s nice to have a choice, lots of choices makes it harder to get the best deal.

Ten discounts to earn cheap car insurance rates

Car insurance is not inexpensive, but there may be some discounts that could drop your premiums quite a bit. Many discounts should be triggered when you quote, but some discounts are required to be inquired about before they will apply.

  • Save over 55 – If you qualify as a senior citizen, you may be able to get reduced rates for Prius v insurance.
  • No Accidents – Claim-free drivers pay less in comparison to accident-prone drivers.
  • Buy New and Save – Buying a new car model can get you a discount because new vehicles keep occupants safer.
  • Discount for Switching Early – A few insurance companies give discounts for switching companies prior to your current policy expiration. It’s a savings of about 10%.
  • Drive Less and Save – Driving fewer miles may enable drivers to earn discounted prices on garaged vehicles.
  • Own a Home – Owning a home can save you money since home ownership requires a higher level of personal finance.
  • Student Discounts – Performing well in school can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Air Bag Discount – Factory air bags could see savings of 20 to 30 percent.
  • Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
  • Government Employees – Active or retired federal employment could provide a small rate reduction for Prius v insurance depending on your car insurance provider.

One thing to note about discounts is that most of the big mark downs will not be given to the entire policy premium. Most only cut specific coverage prices like comp or med pay. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way.

The best car insurance companies and their offered discounts are:

  • State Farm offers premium reductions for passive restraint, multiple autos, driver’s education, good student, defensive driving training, Steer Clear safe driver discount, and good driver.
  • GEICO offers discounts for defensive driver, good student, multi-vehicle, anti-lock brakes, multi-policy, driver training, and emergency military deployment.
  • Liberty Mutual may have discounts that include newly married, teen driver discount, safety features, exclusive group savings, and multi-car.
  • The Hartford discounts include defensive driver, good student, air bag, anti-theft, driver training, and bundle.
  • MetLife has discounts for good driver, claim-free, accident-free, defensive driver, multi-policy, good student
  • Progressive may offer discounts for homeowner, multi-policy, multi-vehicle, online quote discount, and good student.

If you need the cheapest insurance coverage quotes, ask each company or agent what discounts are available to you. A few discounts might not apply in every state.

Finding auto insurance

Getting cheaper 2017 Toyota Prius v auto insurance pricing is actually easier than you may think. All you need to do is spend a few minutes on the computer getting comparison quotes from some recommended companies. Price comparisons can be done using one of these methods.

The fastest and easiest way to compare a lot of rates at once is an all-inclusive rate comparison. This type of form saves time by eliminating repetitive form entry for each company you want a rate for. Filling out one form gets prices estimates from multiple low-cost companies.

Another way to compare rate quotes consists of going to each company website and get a separate price quote. For instance, let’s say you are doing a rate comparison from USAA, Liberty Mutual and State Farm. You would have to go to each individual site and enter your policy data, which is why first method is recommended.

The least recommended way to find and compare rates is to spend your day driving to insurance agents’ offices. Shopping for auto insurance online eliminates this option unless you require the professional guidance that only an agent can give. However, consumers can obtain prices from the web but buy from a local insurance agent.

It’s up to you how you get prices quotes, just be sure you’re using identical coverages and limits on every quote. If you enter different data you will not be able to decipher which rate is best.

Tailor your insurance coverage coverage to you

When choosing coverage for your personal vehicles, there is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help you determine whether or not you would benefit from an agent’s advice.

  • What should my uninsured motorist coverage limits be in my state?
  • When would I need rental car insurance?
  • Can my teen drive my company car?
  • How many claims can I have before being cancelled?
  • Is a new car covered when I drive it off the dealer lot?
  • What are the financial responsibility laws in my state?
  • When should I not file a claim?
  • Do I need PIP coverage since I have good health insurance?
  • I don’t drive much so do I pay less?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out your zip code. It only takes a few minutes and may give you better protection.

Can switching companies really save?

Consumers can’t escape the ads for car insurance savings by companies like GEICO, State Farm and Progressive. All the companies make an identical promise about savings just by moving your policy.

Is it even possible that every company can sell you cheaper insurance coverage?

All the different companies have underwriting criteria for the right customer that earns them the most money. For instance, a profitable insured could be between the ages of 30 and 50, has no claims, and drives newer vehicles. A driver who fits that profile will probably get the lowest rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t qualify for these standards will be quoted a higher rate and the customer not purchasing. The trick companies use is to say “people that switch” not “all people who quote” save that much when switching. This is how companies can make those statements.

Different companies use different criteria so you should get insurance coverage quotes as often as possible. It is just not possible to predict which company will have the best rates for your profile.

Educate yourself about auto insurance coverages

Having a good grasp of your policy aids in choosing which coverages you need for your vehicles. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types found on most auto insurance policies.

Liability auto insurance

Liability coverage protects you from damage or injury you incur to people or other property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as medical expenses, medical services, court costs, repair costs for stationary objects and legal defense fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, a broken windshield, damage from getting keyed, damage from a tornado or hurricane and rock chips in glass. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Toyota Prius v.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally these limits are set the same as your liability limits.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like sideswiping another vehicle, hitting a parking meter, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for bills for things like dental work, chiropractic care, hospital visits and EMT expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Affordable insurance is out there

Discount 2017 Toyota Prius v insurance can be sourced on the web in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. Some companies do not provide internet price quotes and many times these small, regional companies provide coverage only through independent insurance agents.

While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed full coverage to discover at claim time that the small savings ended up costing them much more. Your goal should be to purchase plenty of coverage at the best possible price while still protecting your assets.

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