2018 Toyota Mirai Insurance Rates
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UPDATED: May 1, 2020
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Average insurance rates for a 2018 Toyota Mirai are $1,974 a year with full coverage. Comprehensive costs on average $442, collision costs $958, and liability costs around $416. Buying a liability-only policy costs as low as $474 a year, with high-risk insurance costing around $4,322. Teen drivers receive the highest rates at $7,128 a year or more.
Annual premium for full coverage: $1,974
Rate estimates for 2018 Toyota Mirai Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2018 Toyota Mirai 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 go from as low as $474 for a discount liability-only rate to a much higher rate of $4,322 for a high risk driver.
These differences demonstrate why anyone shopping for car insurance should compare prices based on a specific location and risk profile, instead of using price averages.
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 2018 Toyota Mirai Insurance
Searching for cheaper auto insurance rates for your Toyota Mirai? If you are new to online price comparisons, by this point your are probably baffled thanks to all the different types insurance agents and companies that all promise the best rates.
It’s a great practice to get comparison quotes occasionally since insurance prices change frequently. Even if you got the best deal on Mirai insurance last year you may be paying too much now. You’ll find a ton of advice on auto insurance out there, but in this article, you’re going to get the best ways to reduce your auto insurance bill.
If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these tips. This information will help educate you on how to effectively get price quotes and some tricks to saving. Nevertheless, vehicle owners must understand how insurance companies sell insurance online and use this information to your advantage.
How to compare insurance price quotes
Most companies give coverage prices on their websites. Getting online quotes is fairly straightforward as you simply enter into the form. When complete, their quoting system obtains your driving record and credit report and returns a price quote.
Online quotes helps simplify price comparisons, but the time required to go to a lot of sites and enter the same data into a form is a big time waster. But it’s also necessary to do this if you are searching for lower prices.
A less time-consuming method to find better insurance pricing utilizes a single form to get prices from a bunch of companies at once. It saves time, eliminates repetitive work, and makes comparison shopping much simpler. Immediately after you send the form, your coverage is rated and you are able to buy your choice of the quote results.
If the quotes result in lower rates, you simply finish the application and buy the new coverage. The whole process just takes a couple of minutes and could lower your rates considerably.
In order to get comparison pricing now, simply enter your zip code here and input your coverage information. If you currently have coverage, we recommend you copy deductibles and limits exactly as shown on your declarations page. Doing this assures you will have a rate comparison based on identical coverages.
Insurance companies offer many discounts
Car insurance is not cheap, but there are discounts available that could drop your premiums quite a bit. Some discounts will apply when you quote, but occassionally some discounts must be requested specifically before being credited.
- Defensive Driver Discount – Taking part in a course in driver safety could earn you a small percentage discount and also improve your driving technique.
- Accident Forgiveness – Not really a discount, but some companies like Allstate, State Farm and GEICO will allow you to have one accident before they charge you more for coverage so long as you are claim-free prior to the accident.
- Membership in Organizations – Affiliation with a qualifying organization could trigger savings on insurance.
- Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts up to 30%.
- No Claim Discounts – Good drivers with no accidents get the best insurance rates when compared with bad drivers.
- Seat Belt Discounts – Requiring all passengers to fasten their seat belts can save 10% or more off the medical payments premium.
- Homeowners Pay Less – Just being a homeowner can help you save on insurance due to the fact that maintaining a home is proof that your finances are in order.
- Active Service Discounts – Having a family member in the military could mean lower rates.
- Anti-lock Brake System – Cars, trucks, and SUVs that have anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
- Early Renewal Discounts – Some companies provide a discount for switching companies before your current policy expires. This can save 10% or more.
Discounts save money, but please remember that most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. Just because you may think it’s possible to get free car insurance, you aren’t that lucky.
Companies and some of their more popular discounts include:
- State Farm offers discounts including Drive Safe & Save, passive restraint, driver’s education, safe vehicle, anti-theft, and multiple policy.
- GEICO includes discounts for military active duty, multi-policy, daytime running lights, federal employee, air bags, and defensive driver.
- Allstate may offer discounts for premier plus, passive restraint, eSmart discount, utility vehicle, farm vehicle, and FullPay discount.
- SAFECO has discounts for accident prevention training, teen safety rewards, homeowner, drive less, teen safe driver, anti-lock brakes, and multi-car.
- Farm Bureau may have discounts that include multi-policy, renewal discount, multi-vehicle, youthful driver, and driver training.
- Progressive offers discounts for multi-vehicle, online quote discount, homeowner, multi-policy, good student, online signing, and continuous coverage.
- AAA has savings for AAA membership discount, education and occupation, multi-car, good driver, anti-theft, and good student.
When getting a coverage quote, ask every company how many discounts you can get. Some discounts may not apply to policies in your area.
Do I just need basic coverages?
When choosing adequate coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s needs are different.
These are some specific questions can help discover whether or not you might need professional guidance.
- Why do I need rental car insurance?
- If my pet gets injured in an accident are they covered?
- Will filing a claim cost me more?
- Can I pay claims out-of-pocket if I buy high deductibles?
- Should I rate my 2018 Toyota Mirai as pleasure use or commute?
- Does my 2018 Toyota Mirai need full coverage?
- Do I need higher collision deductibles?
- Is my vehicle covered by my employer’s policy when using it for work?
- Am I covered if I drive in a foreign country?
- Does my insurance cover damage caused when ticketed for reckless driving?
If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and enter your zip code.
How your Mirai insurance rates are determined
Lots of things are taken into consideration when quoting car insurance. Some are pretty understandable such as your driving history, although some other factors are not quite as obvious such as whether you are married or your commute time.
The factors shown below are a partial list of the pieces used by insurance companies to determine your prices.
- High premiums for younger drivers – More mature drivers tend to be more responsible, tend to cause fewer accidents and are safer drivers.Inexperience drivers are statistically proven to be more careless when behind the wheel so they pay higher insurance coverage rates.
- Keep the miles off and save – The higher the mileage driven each year the higher your rate. A lot of companies calculate rates based upon how you use the vehicle. Cars and trucks that do not get driven very much get more affordable rates compared to those used for work or business. Incorrect rating for your Mirai may be costing you higher rates. Verify your policy is rated on the proper vehicle usage, because improper ratings can cost you money.
- Women tend to be lower risk – Statistics demonstrate that men are more aggressive behind the wheel. This data doesn’t prove that men are worse drivers. Males and females are responsible for at-fault accidents in similar percentages, but males cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers generally have the highest accident percentage and thus pay the highest rates.
- Higher premiums for specific occupations – Jobs such as fire fighters, social workers and medical professionals tend to pay the highest rates attributed to stressful work requirements and incredibly demanding work hours. On the other hand, occupations such as farmers, athletes and the unemployed pay the least on Mirai insurance.
- How much liability – The liability coverage on your policy will provide protection if ever a jury decides you are liable for an accident. It provides legal defense to defend your case. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
The auto insurance bait and switch
Auto insurance companies such as Allstate, GEICO and Progressive seem to constantly run ads on TV and radio. All the companies make the point about how much you will save if you move your policy. That’s great but how can every company charge less that you’re paying now?
All the different companies have specific guidelines for the type of customer that makes them money. A good example of this type of risk profile could possibly be over the age of 50, has never had a policy lapse, and the vehicle is rated for pleasure use. A driver that matches those criteria may get the lowest premium rates and will most likely save if they switch.
People who do not meet these stringent criteria will be quoted more expensive rates which results in the customer not buying. The trick companies use is to say “drivers who switch” but not “everyone who gets a quote” will save that much if they switch. That is how companies can make it sound like they have such great prices.
This emphasizes why it’s extremely important to get auto insurance quotes as often as possible. Because without a comparison, you cannot know the company that will be your best fit.
Information about specific coverages
Knowing the specifics of your car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.
Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like rock chips in glass, fire damage, falling objects and hail damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like dental work, X-ray expenses, doctor visits, funeral costs and nursing services. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Uninsured and underinsured coverage
This gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Toyota Mirai.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Normally these coverages do not exceed the liability coverage limits.
Collision coverage protection
This will pay to fix damage to your Mirai caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like crashing into a ditch, crashing into a building, rolling your car and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.
Liability coverage protects you from damage that occurs to people or other property by causing an accident. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for claims such as bail bonds, medical services, structural damage and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.
Quote more, save more
As you go through the steps to switch your coverage, you should never sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.
Throughout this article, we presented some good ideas how you can get a better price on 2018 Toyota Mirai insurance. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with a small local company.
Some companies do not offer rate quotes online and usually these small insurance companies prefer to sell through independent agencies. Budget-conscious 2018 Toyota Mirai insurance is possible both online and from local agencies, so compare prices from both to have the best rate selection.
More information is located at the links below
Rates by U.S. City
|New York City, NY||$3,117|
|Los Angeles, CA||$3,375|
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||$163|
|5-yr Claim Free||$132|
|Paid in Full/EFT||$102|
Discounts are estimated and may not be available from every company or in every state.