Pricey Scion xB insurance in Norfolk can take a big chunk out of your family's budget and make it impossible to make ends meet. Performing a price comparison is a smart way to slash your bill and have more diposable income.
Unimaginable but true, a large majority of consumers kept their coverage with the same car insurance company for over three years, and almost 40% of drivers have never quoted car insurance rates at all. Drivers in Virginia could save roughly 45% each year by just comparing rate quotes, but they don't believe the large savings they would see if they switched. People have multiple insurance companies to buy insurance from, and although it's nice to have a choice, having more insurance companies makes it harder to get the best deal for Scion xB insurance in Norfolk.
Cutting your car insurance rates is a great way to save money. All that's required is to spend a few minutes comparing rate quotes from online providers.
It's so simple to compare car insurance quotes online makes it obsolete to drive around to all the different insurance agencies. Shopping for car insurance online reduces the need to sit down with an agent unless you have a need for the extra assistance of a licensed agent. Although, it is possible find lower rates online and still use a local agent.
The providers in the list below provide free quotes in Norfolk, VA. If several companies are displayed, we suggest you visit as many as you can to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate information does not factor in specific garaging location which can impact coverage rates significantly.
Full coverage rates compared to liability-only
The diagram below visualizes the comparison of Scion xB auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Virginia. The rates are based on no claims or driving citations, $100 deductibles, single female driver, and no additional discounts are factored in.
Are you wasting money paying for full coverage?
There is no specific rule to eliminate physical damage coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let's pretend your Scion xB replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $7,000 after the policy deductible has been paid. If premiums are more than $700 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some scenarios where buying only liability insurance is not a good plan. If you haven't paid off your loan, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Auto insurance deductibles
The diagram below illustrates how your choice of deductibles and can increase or decrease Scion xB yearly insurance costs for different age groups. The rates are based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Get cheaper Scion xB insurance rates in Norfolk
Insuring your fleet can be pricey, but there's a good chance there are discounts that could help you make your next renewal payment. Some trigger automatically at the time you complete a quote, but some discounts are required to be inquired about in order for you to get them.
- Distant Student Discount - College-age children who live away from home to go to college without a vehicle on campus can receive lower rates.
- Multi-line Discount - Some insurance carriers give lower premium rates if you buy life insurance.
- ABS Brakes - Anti-lock brake equipped vehicles are safer to drive so you can save 10 percent or more.
- Defensive Driver - Participating in a course teaching defensive driving skills could earn you a small percentage discount and easily recoup the cost of the course.
- Government Employees - Active or former government employment could cut as much as 10% off depending on your insurance provider.
Discounts reduce rates, but you should keep in mind that many deductions do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you could get a free insurance policy, companies wouldn't make money that way. But all discounts should help reduce your overall bill.
To view insurers who offer cheap Scion xB insurance quotes in Norfolk in Norfolk, click here to view.
Local Norfolk auto insurance agents
Many drivers just prefer to go talk to an agent. Professional insurance agents are very good at helping people manage risk and help in the event of a claim. The biggest benefit of comparing rate quotes online is that drivers can save money and get better rates and still choose a local agent.
By using this short form, your insurance coverage information is sent to companies in Norfolk that can provide free Norfolk car insurance quotes and help you find cheaper coverage. There is no reason to find an agent because quoted prices will be sent directly to you. If you wish to get a comparison quote from a particular provider, just go to their quote page and fill out the quote form the provide.
Finding the right insurer shouldn't rely on just a cheap quote. Any agent in Norfolk should have no problem answering these questions:
- If your car is in the repair shop, do you have coverage for a rental car?
- How are claims handled?
- Do they have 24-hour customer assistance?
- Do you need full coverage on every vehicle?
- Are they primarily personal or commercial lines agents in Norfolk?
- Do you work with a CSR or direct with the agent?
Why Smart Buyers Pay Less for Scion xB Insurance
An important part of buying insurance is that you know the factors that play a part in calculating car insurance rates. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in lower rates. Many different elements are considered when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but some are more transparent like your continuous coverage or how safe your car is.
The items below are most of the major factors used by your company to calculate premiums.
Your address can push rates up or down - Being located in less populated areas of the country is a good thing when buying car insurance. Urban drivers have to deal with more aggressive driving styles and higher rates of accident claims. Fewer drivers on the road means fewer accidents and lower theft and vandalism rates.
Low physical damage deductibles mean high costs - Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Some examples of claims that would be covered would be a broken windshield, hitting a deer, and burglary. The deductibles are the amount of money the insured will be required to pay if you file a covered claim. The more you are required to pay out-of-pocket, the less money you will pay for car insurance.
A car insurance lapse can increase premiums - Driving without insurance coverage in place is against the law and companies may charge more for letting your coverage lapse. And not only will insurance be more expensive, getting caught without coverage might get you fines and jail time.
Drive a fast car, truck or SUV and pay more - The type of car you are buying insurance for makes a big difference in the rate you pay. Due to the fact that the Scion xB falls in the micro-subcompact class, insuring your vehicle will cost slightly less than the average rate where you live in Norfolk. Low performance passenger cars usually are quite affordable to insure, but many other things help determine your insurance rates.
Amount of liability coverage - Liability coverage is the coverage that protects you if a court rules you are at fault for damages from an accident. Your liability coverage provides legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
Scion xB insurance loss statistics - Insurance companies analyze past claim statistics as a tool for profitable underwriting. Vehicles that the data shows to have a trend towards higher claim severity or frequency will have a higher cost to insure.
The information below illustrates the insurance loss data used by companies for Scion xB vehicles. For each policy coverage, the claim probability for all vehicles compiled together equals 100. Values below 100 suggest a better than average loss history, while values that are above 100 point to more claims or statistically larger losses.
Insurance Loss Ratings for Scion xB Vehicles
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Why you need to buy auto insurance
Despite the high cost of buying insurance for a Scion xB in Norfolk, maintaining insurance is mandatory in Virginia but it also protects more than you think.
- Almost all states have minimum liability requirements which means the state requires a minimum amount of liability protection if you want to drive legally. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you took out a loan on your xB, most banks will have a requirement that you have insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your Scion at a much higher rate and force you to pay the higher premium.
- Auto insurance protects both your Scion xB and your personal assets. It will also provide coverage for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If you have damage to your Scion as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of insuring your xB are definitely more than the cost, especially if you ever need it. According to a 2015 survey, the average American driver is overpaying over $700 annually so it's important to compare rates at every policy renewal to ensure rates are competitive.
Persistence pays off
Cheap Scion xB insurance in Norfolk can be sourced both online in addition to local insurance agencies, and you need to price shop both to get a complete price analysis. Some insurance companies may not have price quotes online and these smaller providers prefer to sell through independent insurance agencies.
We've covered quite a bit of information on how to shop for Scion xB insurance online. The key thing to remember is the more companies you get rates for, the better your chances of lowering your rates. Consumers may even find the lowest priced car insurance comes from a company that doesn't do a lot of advertising. Some small companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.
When trying to cut insurance costs, never buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped liability limits or collision coverage and learned later they didn't have enough coverage. The proper strategy is to buy enough coverage at the lowest possible cost, but don't skip important coverages to save money.
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