How to Save on Toyota Yaris Insurance in Aurora

If saving money is your primary concern, then the best way to find discount Toyota Yaris insurance in Aurora is to start doing an annual price comparison from different companies who sell insurance in Colorado. Prices can be compared by following these guidelines.

  1. Try to learn a little about individual coverages and the measures you can take to keep rates in check. Many risk factors that result in higher rates such as at-fault accidents and a low credit score can be remedied by making lifestyle changes or driving safer.
  2. Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or State Farm, while independent agents can quote rates for a wide range of insurance providers.
  3. Compare the new rate quotes to your existing policy and determine if cheaper Yaris coverage is available in Aurora. If you find a better price, ensure there is no coverage lapse between policies.

A key point to remember is to compare the same deductibles and limits on every quote request and and to look at as many carriers as you can. This ensures an apples-to-apples comparison and and a good selection of different prices.

Discount Toyota Yaris insuranceSmart shoppers know that auto insurance companies want to keep you from comparing prices. Insureds who shop around for a cheaper policy will, in all likelihood, switch to a new company because they have a good chance of finding a lower rate. A study discovered that people who make a habit of shopping around saved on average $865 a year compared to other drivers who never shopped around for lower prices.

If finding discount rates on insurance is your target objective, then having a grasp of how to choose a company and compare insurance premiums can make it easier to shop your coverage around.

If you have coverage now or just want cheaper rates, you can follow these tips to save money while maximizing coverage. Buying affordable car insurance in Aurora is not that difficult. Drivers just have to use how to get comparison rates over the internet.

Toyota Yaris coverage statistics

The data table displayed next outlines detailed analysis of coverage costs for Toyota Yaris models. Understanding more about how insurance prices are calculated can help you make decisions on the best policy to buy.

Toyota Yaris Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $114 $244 $382 $22 $114 $876 $73
Yaris 4-Dr Hatchback $114 $244 $338 $20 $100 $816 $68
Yaris 4-Dr Sedan $114 $244 $338 $20 $100 $816 $68
Yaris S 2-Dr Hatchback $130 $244 $382 $22 $114 $892 $74
Yaris S 4-Dr Hatchback $130 $244 $338 $20 $100 $832 $69
Yaris S 4-Dr Sedan $130 $244 $338 $20 $100 $832 $69
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can alter rates greatly.

Analysis of deductible levels

When comparing auto insurance rates, the most common question is which comprehensive and collision deductibles to buy. The tables below help summarize the differences in price between low and high coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Toyota Yaris insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $264 $546 $396 $24 $118 $1,373 $114
Yaris 4-Dr Hatchback $264 $546 $352 $20 $106 $1,313 $109
Yaris 4-Dr Sedan $264 $546 $352 $20 $106 $1,313 $109
Yaris S 2-Dr Hatchback $302 $546 $396 $24 $118 $1,411 $118
Yaris S 4-Dr Hatchback $302 $546 $352 $20 $106 $1,351 $113
Yaris S 4-Dr Sedan $302 $546 $352 $20 $106 $1,351 $113
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Toyota Yaris insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $192 $368 $396 $24 $118 $1,098 $92
Yaris 4-Dr Hatchback $192 $368 $352 $20 $106 $1,038 $87
Yaris 4-Dr Sedan $192 $368 $352 $20 $106 $1,038 $87
Yaris S 2-Dr Hatchback $220 $368 $396 $24 $118 $1,126 $94
Yaris S 4-Dr Hatchback $220 $368 $352 $20 $106 $1,066 $89
Yaris S 4-Dr Sedan $220 $368 $352 $20 $106 $1,066 $89
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence auto insurance rates significantly.

Based on these figures, using a $100 deductible costs an average of $23 more each month or $276 for a full year than choosing the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at a minimum 17 months between claims, you would save more money if you choose a higher deductible.

How accidents and tickets impact rates in Aurora

The example below demonstrates how citations and accidents drive up Toyota Yaris car insurance costs for different insured age categories. The prices are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

Comparison of auto insurance rates by gender and age

The example below illustrates the difference between Toyota Yaris annual premium costs for male and female drivers. Data assumes a clean driving record, no at-fault accidents, full physical damage coverage, $100 deductibles, single status, and no discounts are taken into consideration.

How much more does full coverage cost?

The chart below shows the comparison of Toyota Yaris insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims or violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There isn’t a steadfast formula of when to exclude physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s pretend your Toyota Yaris replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying the physical damage deductible. If it’s costing in excess of $300 annually for full coverage, then you might consider buying liability only.

There are some scenarios where removing full coverage is not a good plan. If you haven’t paid off your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage.

Insurance policy discounts you can’t miss

Auto insurance companies don’t necessarily list every discount available in a way that’s easy to find, so below is a list some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates.Cheaper insurance with discounts

Policy discounts save money, but most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.

The information below illustrates the comparison of Toyota Yaris car insurance rates with and without policy discounts. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, safe-driver, homeowner, and marriage discounts applied.

Companies that may offer quotes with some of the above discounts include:

Before purchasing a policy, check with all companies you are considering to apply every possible discount. A few discounts may not be offered in your area. To see a list of insurers that can offer you the previously mentioned discounts in Colorado, click this link.

Auto insurance specifics

Learning about specific coverages of your policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for bills for rehabilitation expenses, X-ray expenses, EMT expenses and ambulance fees. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/15 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $15,000.

Liability coverage protects against claims like pain and suffering, legal defense fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible. Colorado requires minimum liability limits of 25/50/15 but it’s recommended drivers buy higher limits.

The next chart demonstrates why buying low liability limits may not be high enough to cover claims.

Auto collision coverage

This covers damage to your Yaris from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a parking meter, rolling your car, crashing into a building and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Yaris in order to get cheaper collision rates.

Comprehensive coverage

This coverage covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hitting a bird, damage from flooding and falling objects. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. 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 (25/50/15 in Colorado), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Compare but don’t skimp

People who switch companies do it for many reasons like delays in paying claims, policy non-renewal, delays in responding to claim requests and extreme rates for teen drivers. It doesn’t matter what your reason, choosing a new insurance company is less work than it seems.

We covered many tips how you can shop for Toyota Yaris insurance online. It’s most important to understand that the more providers you compare, the better likelihood of getting inexpensive Aurora auto insurance quotes. Drivers may even discover the biggest savings come from a lesser-known regional company.

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. In many cases, drivers have reduced comprehensive coverage or liability limits and discovered at claim time they didn’t purchase enough coverage. Your strategy should be to buy the best coverage you can find for the lowest price and still be able to protect your assets.

To learn more, feel free to browse the resources below: