2018 Toyota Prius Insurance Rates
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UPDATED: Nov 29, 2021
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Average insurance rates for a 2018 Toyota Prius are $1,268 a year with full coverage. Comprehensive insurance costs an estimated $284, collision costs $494, and liability insurance costs around $354. Buying a liability-only policy costs as low as $406 a year, with high-risk insurance costing $2,738 or more. Teen drivers receive the highest rates at $4,670 a year or more.
Annual premium for full coverage: $1,268
Rate estimates for 2018 Toyota Prius Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2018 Toyota Prius 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 driver in their 40's, prices range go from as low as $406 for just liability coverage to a much higher rate of $2,738 for a driver who has had serious violations or accidents.
These differences demonstrate why anyone shopping for car insurance should compare prices for a targeted area and risk profile, rather than relying on 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 Prius Insurance
Looking for lower insurance rates? Shoppers have options when shopping for the best price on Toyota Prius insurance. They can either spend hours struggling with agents to get rate comparisons or leverage the internet to find the lowest rates.
There is a better way to shop for insurance and we’ll show you the best way to compare rates for your Toyota and get the lowest price from local insurance agents and online providers.
It’s important to quote other rates yearly because insurance prices are usually higher with each renewal. Despite the fact that you may have had the lowest price on Prius coverage two years ago you may be paying too much now. There are a lot of ways to save on insurance online, but by reading this article, you’re going to learn the easiest ways to stop overpaying for insurance.
If you are insured now or need new coverage, you can use this information to find better prices while maximizing coverage. This article will instruct you on how to effectively get price quotes. Consumers just need to understand how to buy auto insurance on the web.
Compare auto insurance rate quotes
There are multiple methods you can shop for auto insurance but one way is less labor-intensive and much quicker. You can waste a lot of time talking about coverages with insurance companies in your area, or you could use online quoting to get rate comparisons in just a few minutes.
Many insurance companies are enrolled in a marketplace that allows shoppers to send in one quote, and each participating company provides a quote based on the submitted data. This system prevents you from having to do repetitive form submissions for each company you want a rate for. To find out how much you can save on auto insurance enter your zip code here.
The one downside to getting quotes like this is you cannot specify which insurance companies to get quotes from. So if you want to choose from a list of companies to compare rates, we have a listing of the cheapest auto insurance companies in your area. Click to enter zip code.
Whichever way you use, try to keep exactly the same quote information for each quote you get. If your comparisons have different coverage information it will be impossible to truly determine the lowest rate.
Learn how to lower your insurance prices
Multiple criteria are part of the equation when premium rates are determined. Some are pretty understandable like a motor vehicle report, but others are less apparent such as your credit history and annual miles driven.
- Big cities mean more claims – Being located in a small town is a good thing when shopping for auto insurance. Fewer people means less chance of accidents and also fewer theft and vandalism claims. Residents of big cities have congested traffic and higher rates of accident claims. The longer drive time translates into higher accident risk.
- Lower rates by increasing deductibles – Physical damage insurance, also called ‘full coverage’, is used to repair damage to your Toyota. Examples of some claims that would be covered are a dented fender, flood damage, and rolling your vehicle. Physical damage deductibles tell how much the insured will be required to pay before your insurance coverage pays a claim. The more expense you pay before a claim is paid (deductible), the bigger discount you will receive on Prius coverage.
- Improve your credit history and save – Having a bad credit history can be an important factor in determining what you pay for insurance coverage. So if your credit history is lower than you’d like, you could potentially save money when insuring your 2018 Toyota Prius if you improve your credit rating. Consumers who have excellent credit scores tend to be better drivers and file fewer claims than those with poor credit.
- How much liability coverage – Liability insurance will protect you if you are found liable for causing personal injury or damage in an accident. It provides legal defense coverage which can cost a lot. This coverage is relatively inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
Take policy discounts and save
Some companies don’t always advertise every discount they offer in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known credits available to bring down your rates.
- Online Discount – Many larger companies will discount your bill up to fifty bucks for completing your application on the web.
- Early Renewal Discounts – A few insurance coverage companies offer discounts for buying a policy early. You can save around 10% with this discount.
- Discount for Good Grades – This discount can get you a discount of up to 25%. The good student discount can last well after school through age 25.
- Defensive Driver – Passing a defensive driving course is a good idea and can lower rates if your company offers it.
- Student in College – College-age children who are enrolled in a college that is more than 100 miles from home and do not have access to a covered vehicle may be insured at a cheaper rate.
- Data Collection Discounts – Drivers who elect to allow driving data collection to monitor their driving habits by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates as long as they are good drivers.
- Savings for New Vehicles – Putting insurance coverage coverage on a new car is cheaper due to better safety requirements for new model year vehicles.
- Service Members Pay Less – Being on active duty in the military can result in better insurance coverage rates.
- Accident Forgiveness – This one is not really a discount per se, but a handful of insurance companies will turn a blind eye to one accident before your rates go up as long as you don’t have any claims before the accident.
Don’t be shocked that some credits don’t apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you could get a free insurance coverage policy, you won’t be that lucky.
A few of the larger companies and some of the premium reductions they offer are detailed below.
- State Farm policyholders can earn discounts including Steer Clear safe driver discount, defensive driving training, good driver, good student, and driver’s education.
- American Family may offer discounts for bundled insurance, multi-vehicle, good student, early bird, and defensive driver.
- GEICO discounts include anti-theft, air bags, federal employee, emergency military deployment, five-year accident-free, and daytime running lights.
- 21st Century may have discounts that include 55 and older, good student, early bird, theft prevention, and defensive driver.
- Progressive offers premium reductions for online quote discount, homeowner, online signing, continuous coverage, and multi-policy.
If you are trying to find low cost auto insurance quotes, ask each company or agent to give you their best rates. Depending on the company, some discounts may not apply in your state. To see a list of insurance coverage companies that offer some of these discounts, enter your zip code here.
Which policy gives me the best coverage?
When buying coverage, there really is not a one size fits all plan. Each situation is unique.
For instance, these questions might help in determining whether you might need an agent’s assistance.
- At what point should I drop full coverage?
- Can I afford low physical damage deductibles?
- Why is insurance for a teen driver so high?
- Do I really need UM/UIM coverage?
- Are my friends covered when driving my 2018 Toyota Prius?
- Is motorclub coverage worth it?
- Will my insurance pay for OEM parts?
If you don’t know the answers to these questions then you might want to talk to an agent. To find an agent in your area, take a second and enter your zip code. It’s fast, doesn’t cost anything and can help protect your family.
Parts of your auto insurance policy
Learning about specific coverages of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.
Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims like hitting a deer, a broken windshield, theft, falling objects and rock chips in glass. The most your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Coverage for liability – This coverage provides protection from damage or injury you incur to a person or their property. It protects you against other people’s claims. It does not 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 limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims like legal defense fees, court costs, repair bills for other people’s vehicles and funeral expenses. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for hospital visits, rehabilitation expenses, X-ray expenses, pain medications and dental work. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage
Collision coverages – Collision insurance pays for damage to your Prius resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as sustaining damage from a pot hole, sideswiping another vehicle, damaging your car on a curb, scraping a guard rail and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.
Power to the consumer
People change insurance companies for any number of reasons including high rates after DUI convictions, policy non-renewal, delays in paying claims and even denial of a claim. Regardless of your reason for switching companies, choosing a new company is not as hard as you think.
Cheaper insurance can be purchased online and from local agencies, so you need to quote auto insurance with both so you have a total pricing picture. Some insurance companies do not offer rates over the internet and most of the time these regional carriers sell through independent insurance agents.
As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. In many instances, an insured cut comprehensive coverage or liability limits only to discover later they didn’t purchase enough coverage. The ultimate goal is to buy the best coverage you can find for the lowest price while still protecting your assets.
To read more, link through to these articles:
Rates by U.S. City
|New York City, NY||$2,001|
|Los Angeles, CA||$2,169|
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||$94|
|5-yr Claim Free||$82|
|Paid in Full/EFT||$59|
Discounts are estimated and may not be available from every company or in every state.