Compare Toyota Prius Insurance Quotes in Honolulu

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Toyota Prius insurance cost
Toyota Prius insurance cost image courtesy of QuoteInspector.com

Insurance for Toyota PriusThe recommended way to get affordable Toyota Prius insurance in Honolulu is to make a habit of regularly comparing prices from insurance carriers who provide auto insurance in Hawaii.

  1. Gain an understanding of how insurance works and the changes you can make to prevent rate increases. Many rating factors that result in higher rates such as traffic violations, accidents, and poor credit history can be rectified by making minor changes in your lifestyle.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple insurance companies.
  3. Compare the new rates to your existing rates to determine if switching companies saves money. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide written notification to your current company of your intent to cancel the current policy and submit the required down payment along with the signed application to your new company or agent. When you receive it, store the certificate verifying proof of insurance along with the vehicle's registration papers.

The critical component of shopping around is that you'll want to make sure you compare similar limits and deductibles on every price quote and and to get price estimates from as many auto insurance providers as possible. Doing this guarantees a level playing field and maximum price selection.

It's a known fact that insurance companies don't want you to compare rates. Insureds who shop around for cheaper rates are very likely to buy a different policy because there is a great chance of finding a policy with better rates. A recent study showed that drivers who regularly shopped around saved an average of $850 each year as compared to drivers who never shopped around for lower prices.

If finding the cheapest price on car insurance in Honolulu is your objective, knowing the best ways to shop for auto insurance can help you succeed in saving money.

All the larger auto insurance companies like Progressive, Allstate and GEICO allow you to get coverage prices from their websites. Getting online quotes for Toyota Prius insurance in Honolulu is quite easy as you just enter your coverage preferences as requested by the quote form. After the form is submitted, their quoting system requests your driving and credit reports and provides a quote.

The ability to get online price quotes for Toyota Prius insurance in Honolulu makes it a lot easier to compare rates and it is imperative to perform this step if you are searching for affordable prices.

In order to find out if lower rates are available, compare rate quotes from the providers shown below. If you have coverage now, it's recommended you replicate the coverage information identical to your current policy. Using the same limits helps guarantee you will get an apples-to-apples comparison based on the exact same insurance coverage.

The car insurance companies shown below can provide price comparisons in Honolulu, HI. If multiple companies are shown, we recommend you visit several of them to find the most affordable car insurance rates.

Analysis of coverages

The price information below covers different insurance rates for Toyota Prius models. Learning a little about how premiums are formulated can be useful when making decisions on which insurance to purchase.

Toyota Prius Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $256 $424 $304 $18 $90 $1,092 $91
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in specific zip code location which can decrease or increase insurance rates greatly.

Can higher deductibles save money?

When shopping for car insurance, a common question is what deductibles to buy. The following tables show how much more you'll pay when you choose different physical damage coverage deductibles. The first set of prices uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Toyota Prius insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $230 $344 $226 $14 $68 $907 $76
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Toyota Prius insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $188 $278 $226 $14 $68 $774 $65
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Prices do not factor in specific location information which can impact coverage rates significantly.

Based on the figures above, using a $250 deductible costs an average of $11 more each month or $132 for a full year across all Toyota Prius models than requesting the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have more than 23 months between claims, you would most likely save money if you opt for a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $250 deductibles: $76
Average monthly premium for $500 deductibles (subtract): - $65
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Rate difference between full and liability-only coverage

The diagram below shows the difference between Toyota Prius insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are factored in.

When to buy liability coverage only

There is no definitive guideline that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's say your Toyota Prius replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $3,000 after you pay the deductible. If premium cost is more than $300 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some conditions where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Which is the best auto insurance?

When quoting and choosing a policy, there really is not a perfect coverage plan. Every insured's situation is different so this has to be addressed.Higher deductibles save money For example, these questions might help in determining whether you might need an agent's assistance.

  • Is there a penalty for late payment?
  • Can I rent a car in Mexico?
  • How high should my medical payments coverage be?
  • Is there coverage for injuries to my pets?
  • Should I pay a claim out-of-pocket?
  • Is my camper covered for physical damage?
  • Can my babysitter drive my car?

If you're not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It is quick, free and can provide invaluable advice.

Car insurance agents can give valuable advice

A small number of people still like to talk to an insurance agent and there is nothing wrong with that. Experienced insurance agents can help you choose the best coverages and help file insurance claims. The biggest benefit of comparing insurance prices online is that you can obtain lower rates but still work with a licensed agent. Buying from and supporting local agencies is definitely important in Honolulu.

Find insurance agent in HonoluluAfter filling out this short form, your insurance data gets sent to local insurance agents in Honolulu that can give you free Honolulu car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go straight to your inbox. If for some reason you want to get a price quote from a particular provider, feel free to navigate to their website to submit a rate quote request.

Insurance agent types

When researching a reputable insurance agent or broker, you must know there are a couple different types of agencies that differ in how they can insure your vehicles. Car insurance agents can be described as either independent or exclusive. Either can do a good job, but it's important to point out why they differ because it can factor into buying decisions.

Independent Agents

Agents that choose to be independent can quote rates with many companies so they can insure your vehicles with multiple insurance companies and get you the best rates possible. If you are not satisfied with one company, your agent can just switch to a different company which is easy for the insured. If you are comparing car insurance prices, we recommend you get several quotes from multiple independent agents in order to have the best price comparison. Most also have access to smaller mutual companies that can offer cheaper rates than bigger companies.

The following is a short list of independent agencies in Honolulu who may be able to give you price quotes.

More Honolulu agents

Exclusive Insurance Agencies

Agents of this type can only write with one company like AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot give you multiple price quotes so you might not find the best rates. Exclusive agencies are usually well trained on their company's products which helps them sell insurance even at higher premiums. Some consumers prefer to buy from the same agent for years mostly because of the brand and strong financial ratings.

The following is a list of exclusive agents in Honolulu who can help you get price quotes.

More Honolulu agents

Choosing the best insurance agent requires more thought than just a cheap price quote. Any agent in Honolulu should have no problem answering these questions:

  • Do they have any clout with companies to ensure a fair claim settlement?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • How experienced are they in personal risk management?
  • How much will you save each year by using a higher deductible?
  • Where would glass claims be handled in Honolulu?
  • What is the financial rating for the quoted company?
  • Which companies do they recommend if they are an independent agency?