2020 Toyota Yaris Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 12, 2024

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Having to pay for pricey auto insurance can stress out your budget and make it hard to pay other bills. Doing a price comparison is a smart way to lower your bills every month.

You have multiple car insurance companies to buy insurance from, and although it’s a good thing to have a choice, too many choices makes it more difficult to adequately compare rates.

How to get low cost car insurance

Comparing car insurance rates can be exhausting if you don’t understand the fastest way to get free quotes. You could spend your day talking to local insurance agents in your area, or you can utilize online quotes to achieve your goal.

Many popular insurance companies participate in a marketplace where prospective buyers enter their coverage request one time, and every company provides a quote for coverage. This saves time by eliminating repetitive form submissions for each company.

To find out how much you’re overpaying now enter your zip code here.

The one downside to doing it this way is that consumers can’t choose which companies to receive prices from. If you prefer to choose individual companies to compare rates, we have a page of car insurance companies in your area. Click to enter zip code.

The method you choose is up to you, but make absolute certain that you use nearly identical quote information for each price quote. If the quotes have different coverage information you will not be able to truly determine the lowest rate.

Affordable car insurance quotes with discounts

The cost of insuring your cars can be expensive, but companies offer discounts that can drop the cost substantially. Some discounts will apply when you quote, but less common discounts must be manually applied prior to getting the savings.

  • Anti-theft Discount – Cars optioned with advanced anti-theft systems are stolen with less frequency so companies will give you a small discount.
  • Professional Memberships – Joining certain professional organizations may earn a discount on your bill.
  • Cautious Driver Discounts – Insureds without accidents can get discounts for up to 45% lower rates for Yaris coverage than their less cautious counterparts.
  • Passive Restraints and Air Bags – Factory air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Safety Course Discount – Participating in a course teaching safe driver skills may get you a small discount and make you a better driver.
  • Homeowners Discount – Owning your own home or condo may trigger a policy discount on car insurance due to the fact that maintaining a home is proof of financial responsibility.

As is typical with insurance, most discounts do not apply to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like you can get free auto insurance, it just doesn’t work that way. Any qualifying discounts will definitely lower your overall premium however.

A few popular companies and some of the premium reductions they offer are included below.

  • GEICO may include discounts for air bags, seat belt use, anti-lock brakes, multi-policy, and membership and employees.
  • Auto-Owners Insurance has discounts for safe driver, air bags, teen driver, mature driver, and multi-policy.
  • American Family offers premium reductions for bundled insurance, defensive driver, mySafetyValet, TimeAway discount, multi-vehicle, air bags, and Steer into Savings.
  • Esurance may have discounts that include anti-lock brakes, DriveSense, renters, safety device, and online quote.
  • Progressive has savings for multi-vehicle, good student, homeowner, multi-policy, online signing, online quote discount, and continuous coverage.
  • State Farm discounts include anti-theft, Drive Safe & Save, safe vehicle, accident-free, good driver, passive restraint, and driver’s education.
  • AAA may offer discounts for good driver, multi-car, anti-theft, pay-in-full, AAA membership discount, good student, and multi-policy.

When quoting, ask every company how many discounts you can get. Some credits may not apply to policies in every state. If you would like to view car insurance companies that provide some of the discounts listed above, enter your zip code here.

Tailor your insurance coverage to you

When buying proper insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions might point out if you might need an agent’s assistance.

  • What are the best liability limits?
  • Is my 2020 Toyota Yaris covered for flood damage?
  • Is Motor Club coverage worth it?
  • If my pet gets injured in an accident are they covered?
  • Should I buy only the required minimum liability coverage?
  • What is the rate difference between pleasure use and commuting?
  • Which companies will insure high-risk drivers?
  • Can my babysitter drive my car?
  • Am I covered when driving a rental car?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete your zip code. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance prices are influenced by these factors

Many things are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but some are more obscure like your continuous coverage or your commute time.

The following are just a few of the factors that factor into prices.

  • How much liability insurance – A critical coverage on your policy, liability insurance provides coverage when you are ruled to be at fault for personal injury or accident damage. Your liability coverage provides legal defense to defend your case. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
  • Cars with good safety ratings means better prices – Vehicles with good safety scores are cheaper to insure. Highly rated vehicles reduce occupant injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you.
  • Rate your vehicle for proper use – The higher the mileage driven annually the more you will pay for auto insurance. Many insurance companies rate vehicles partially by how you use the vehicle. Autos not used for work or commuting can be on a lower rate level than vehicles that are driven to work every day. An incorrectly rated Yaris is just wasting money. Double check that your auto insurance coverage is rated on annual mileage, because improper ratings can cost you money.
  • Married drivers pay less – Getting married may cut your premiums on auto insurance. Having a spouse generally demonstrates drivers are more mature than a single person and insurance companies reward insureds because married drivers get in fewer accidents.

Auto insurance coverages

Having a good grasp of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on the average insurance policy.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as falling objects, vandalism and hitting a bird. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Liability auto insurance

This protects you from injuries or damage you cause to people or other property. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims like pain and suffering, court costs, funeral expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for prosthetic devices, surgery, doctor visits, ambulance fees and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a parking meter, colliding with a tree, crashing into a building, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Make an honest buck

You just read a lot of information how to compare 2020 Toyota Yaris insurance prices online. It’s most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may discover the best prices are with the least-expected company. They may only write in your state and offer lower rates as compared to the big name companies such as Allstate and Progressive.

When getting insurance coverage quotes online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice full coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage for the lowest cost but still have enough coverage for asset protection.

Lower-priced insurance is attainable from both online companies in addition to many insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not offer rates over the internet and usually these regional carriers only sell coverage through local independent agents.

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