2008 Toyota Yaris Insurance Rates
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UPDATED: Jun 12, 2015
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Average insurance rates for a 2008 Toyota Yaris are $1,022 a year including full coverage. Comprehensive insurance costs approximately $158 a year, collision insurance costs $228, and liability insurance costs $478. Buying a liability-only policy costs as little as $526 a year, and high-risk insurance costs $2,210 or more. Teenage drivers receive the highest rates at up to $4,142 a year.
Annual premium for full coverage: $1,022
Rate estimates for 2008 Toyota Yaris Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2008 Toyota Yaris models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a middle-aged driver, prices range range from as low as $526 for only liability insurance to a high of $2,210 for a high risk driver.
These differences highlight why it is important for drivers to compare rates using their specific location and risk profile, rather than relying on average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2008 Toyota Yaris Insurance
Searching for lower insurance rates for your Toyota Yaris? Overwhelmed by the dozens of insurance options? Many other drivers are as well. People have so many options available that it can turn into a real hassle to find the best price.
Cut prices on Toyota Yaris insurance
The cost of insuring your cars can be expensive, but there could be available discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of quoting, but lesser-known reductions have to be inquired about before you will receive the discount.
- Sign Early and Save – Some companies give discounts for signing up before your current expiration date. It can save you around 10%.
- Memberships – Participating in a professional or civic organization could trigger savings on your policy for Yaris coverage.
- One Accident Forgiven – Certain companies will forgive one accident without raising rates as long as you don’t have any claims prior to the accident.
- Lower Rates for Military – Having a family member in the military could mean lower rates.
- Paperless Signup – Certain companies will give a small break for buying your policy on their website.
- Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
- Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
- Government Employees – Being employed by or retired from a federal job could cut as much as 10% off for Yaris coverage depending on your company.
- Save over 55 – Older drivers may receive a discount up to 10% for Yaris coverage.
Drivers should understand that most credits do not apply to the entire policy premium. Most only cut individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will bring down the amount you have to pay.
To see a list of insurance companies with discount insurance rates, follow this link.
Tailor your coverage to you
When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.
For example, these questions might point out if your situation would benefit from an agent’s advice.
- Am I covered when driving someone else’s vehicle?
- Is borrowed equipment or tools covered if stolen or damaged?
- Which companies will insure high-risk drivers?
- When should I remove comp and collision on my 2008 Toyota Yaris?
- When would I need rental car insurance?
- Is my nanny covered when driving my vehicle?
If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.
Detailed coverages of your insurance policy
Having a good grasp of your insurance policy aids in choosing which coverages you need for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement.
Liability insurance – Liability coverage can cover damage that occurs to other’s property or people. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: 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 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage protects against things like repair costs for stationary objects, attorney fees and repair bills for other people’s vehicles. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.
Collision coverages – Collision coverage pays for damage to your Yaris from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as hitting a mailbox, rolling your car, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Toyota Yaris.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as hitting a bird, falling objects, a broken windshield and hail damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for bills for things like dental work, hospital visits and chiropractic care. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
Save your cold hard cash
The cheapest 2008 Toyota Yaris insurance is available both online and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates. A few companies may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.
In this article, we covered quite a bit of information on how to reduce insurance prices online. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. You may be surprised to find that the lowest rates come from a smaller regional carrier.
As you restructure your insurance plan, it’s a bad idea to buy poor coverage just to save money. There have been many situations where an accident victim reduced physical damage coverage to discover at claim time they didn’t purchase enough coverage. Your goal should be to find the BEST coverage for the lowest price, not the least amount of coverage.
Even more information is available by following these links:
Rates by U.S. City
|New York City, NY||$1,617|
|Los Angeles, CA||$1,746|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$63|
|5-yr Claim Free||$64|
|Paid in Full/EFT||$37|
Discounts are estimated and may not be available from every company or in every state.