Discount Toyota Prius insuranceHow long have you put off shopping around for more affordable Toyota Prius insurance in Denver? Pricey Toyota Prius insurance in Denver can diminish your personal savings and make it impossible to make ends meet. Doing a rate comparison can save money and help to make sure you're not throwing money away.

Unbelievable but true according to a study the vast majority of car insurance customers have been with the same company for over three years, and roughly 40% of drivers have never compared rate quotes at all. Colorado consumers could cut their rates by approximately 35% a year, but they think it's difficult to compare rate quotes online. Insurance companies such as GEICO and Progressive constantly blast consumers with TV and radio ads and it is challenging if not impossible to avoid their marketing magic and do the work needed to find the best deal.

Companies offering Toyota Prius insurance in Colorado

The companies in the list below are our best choices to provide price quotes in Colorado. If several companies are displayed, it's highly recommended you visit two to three different companies in order to find the most competitive rates.

Toyota Prius Insurance Costs in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $294 $536 $314 $18 $94 $1,256 $105
Get Your Own Custom Quote Go

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can decrease or increase coverage rates greatly.

Physical damage deductible comparison

The illustration below demonstrates how deductible levels and can change Toyota Prius premium costs for different age groups. The costs are based on a single male driver, full physical damage coverage, and no policy discounts are applied.

Deductible analysis

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The data tables below can help you visualize how much more you'll pay when you buy lower versus higher insurance deductibles. The first table uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Toyota Prius insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $306 $458 $298 $18 $90 $1,195 $100
Get Your Own Custom Quote Go
Toyota Prius insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $190 $288 $298 $18 $90 $884 $74
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price information does not factor in Denver location which can decrease or increase prices significantly.

We can derive from the above data that using a $250 deductible costs an average of $26 more each month or $312 for a full year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 29 months between claim filings, you would save more money if you choose a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $250 deductibles: $100
Average monthly premium for $1,000 deductibles (subtract): - $74
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

An important thing to remember is that raising deductibles results in a higher out-of-pocket expense when you have a claim. That will force you to have some extra funds in the event you need to pay the higher deductible in order to repair your vehicle.

Take advantage of these ten discounts on Toyota Prius insurance in Denver

Auto insurance companies do not list the complete list of policy discounts very well, so the list below contains a few of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy Denver car insurance online.Discount auto insurance

A little note about advertised discounts, most credits do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. So even though you would think all those discounts means the company will pay you, it just doesn't work that way.

To find insurers that have a full spectrum of discounts in Colorado, click here to view.

Get rate quotes but buy from a local neighborhood Denver car insurance agent

A lot of people still like to have an agent's advice and that can be a great decision Agents are trained risk managers and help in the event of a claim. A good thing about getting free rate quotes online is that you can find lower prices but still work with a licensed agent.

Insurance agents in DenverUpon completion of this short form, the quote information is transmitted to companies in Denver who can give free rate quotes to get your business. You never need to visit any agencies because prices are sent immediately to your email address. If you need to compare rates from a specific company, you just need to visit that company's website and submit a quote form there.

Picking a provider is decision based upon more than just the bottom line cost. Here are some questions you should ask.

Does auto insurance advertising bend the truth?

Consumers in Colorado can't get away from all the ads that promise big savings for switching from the likes of Progressive, Allstate and GEICO. They all seem to say the same thing about saving some big amount if you just switch your auto insurance policy to them.

How does each company charge less that you're paying now? It's all in the words they use.

Insurance providers have specific guidelines for the type of driver that will add to their bottom line. For example, a driver they prefer could be a mature driver, is a homeowner, and drives less than 5,000 miles a year. Any driver who matches that profile will get the preferred car insurance rates in Denver and as a result will probably save quite a bit of money when switching.

Potential customers who do not match those criteria will see higher prices which leads to the customer buying from someone else. If you listen to the ad wording, they say "people who switch" not "all people who quote" save that much. That is how insurance companies can confidently state the savings. This illustrates why it is so important to compare free Denver car insurance quotes often. You cannot predict the company that will provide the lowest Toyota Prius insurance in Denver.

Car insurance coverage information

Learning about specific coverages of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most auto insurance policies.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle's occupants from other drivers when they 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.

Since a lot of drivers have only the minimum liability required by law (25/50/15 in Colorado), it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for bills for prosthetic devices, chiropractic care, surgery, X-ray expenses and EMT expenses. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, fire damage, damage from getting keyed and vandalism. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Collision protection

Collision coverage pays for damage to your Prius from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, sideswiping another vehicle and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible on your Prius to bring the cost down.

Liability

Liability insurance can cover damage that occurs to other's property or people by causing an accident. It protects you from claims by other people, 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 might see values of 25/50/15 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged propery.

Liability can pay for claims such as emergency aid, repair bills for other people's vehicles, legal defense fees and bail bonds. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford. Colorado state minimum liability requirements are 25/50/15 but drivers should carry more liability than the minimum.

Shop smart and save

When you buy Denver car insurance online, it's not a good idea to skimp on coverage in order to save money. There have been many situations where consumers will sacrifice collision coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to buy a smart amount of coverage at the best possible price but still have enough coverage for asset protection.

We covered some good ideas how you can lower your Toyota Prius insurance rates in Denver. The key thing to remember is the more quotes you get, the higher the chance of saving money. Consumers may even find the best price on auto insurance is with some of the lesser-known companies. These companies can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.

More detailed auto insurance information is available by following these links: