Insurance for Toyota AvalonAre you regretting the purchase of an expensive auto insurance policy? Don't feel bad because many Norfolk consumers are in the same pinch.

Astonishing but true according to a recent study, a large majority of consumers have purchased from the same company for a minimum of four years, and just short of a majority have never quoted rates to find affordable coverage. With the average premium in the U.S. being $1,847, drivers can save approximately $859 each year just by comparing rates, but they feel it's too difficult to find affordable insurance by shopping around.

Many insurers compete for your insurance dollar, so it's not easy to compare every provider and get the definite lowest price on Toyota Avalon insurance in Norfolk.

It's a great practice to get comparison quotes as often as possible since insurance rates change frequently. Despite the fact that you may have had the best premium rates on Toyota Avalon insurance in Norfolk last year a different company probably has better prices today. Ignore everything you know about auto insurance because you're about to learn the best way to find lower rates on auto insurance.

If you currently have car insurance, you will be able to reduce the price you pay using the concepts covered in this article. Finding affordable car insurance coverage in Norfolk is actually quite simple. But Virginia vehicle owners must comprehend how insurance companies set your policy premium because rates are impacted by many factors.

Cheapest Toyota insurance price quotes in Norfolk

The car insurance companies shown below provide comparison quotes in Virginia. If the list has multiple companies, we recommend you visit two to three different companies to get the cheapest price.

Toyota Avalon Insurance Costs in Norfolk, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $142 $230 $210 $12 $62 $656 $55
Avalon XLS $178 $366 $264 $16 $80 $904 $75
Avalon Limited $196 $336 $210 $12 $62 $816 $68
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 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 the specific area where the vehicle is garaged which can affect price quotes significantly.

Cost difference between full coverage and liability

The information below illustrates the difference between Toyota Avalon insurance rates with full coverage compared to only the Virginia minimum liability coverage. The rates are based on no claims or driving violations, $250 deductibles, single female driver, and no policy discounts are applied.

When to eliminate full coverage

There is no definitive rule of when to phase out comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let's assume your Toyota Avalon settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after paying the physical damage deductible. If premiums are more than $300 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are a few cases where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.

Analysis of deductible levels

One of the hardest decisions when shopping for auto insurance is where should you set your physical damage deductibles. The rates shown below can help show the differences in price when you choose different comp and collision deductibles. The first rate quote example uses a $250 physical damage deductible and the second set of rates uses a $500 deductible.

Toyota Avalon insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $224 $336 $218 $12 $66 $881 $73
Avalon XLS $224 $394 $218 $12 $66 $939 $78
Avalon Limited $250 $394 $218 $12 $66 $965 $80
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Toyota Avalon insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $182 $270 $218 $12 $66 $748 $62
Avalon XLS $182 $318 $218 $12 $66 $796 $66
Avalon Limited $204 $318 $218 $12 $66 $818 $68
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium amounts do not factor in zip code location which can lower or raise price quotes significantly.

Based on the data above, we can derive that using a $250 deductible costs about $12 more each month or $144 each year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average at least 21 months between claims, you would save money if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $77
Average monthly premium for $500 deductibles (subtract): - $65
Monthly savings from raising deductible: $12
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

Lower rates by qualifying for discounts

Car insurance companies don't always advertise the complete list of policy discounts very clearly, so the below list has both well-publicized as well as some of the hidden credits available to bring down your rates. If you are not receiving all the discounts you qualify for, you are paying more than you should be.Discount insurance

Please keep in mind that some credits don't apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates you can get free auto insurance, insurance companies aren't that generous. Any amount of discount will definitely reduce your overall premium however.

Large insurance companies and some of the discounts are outlined below.

Double check with every insurance company the best way to save money. Some discounts listed above may not apply to policies in Norfolk. To see companies offering insurance discounts in Norfolk, click here.

Lower Your Norfolk Insurance Prices

One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that play a part in calculating auto insurance rates. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find lower auto insurance prices.

How your age affects prices - Youthful drivers in Virginia are known to be easily distracted behind the wheel so they pay higher auto insurance rates. Having to add a beginning driver onto your auto insurance will cause a huge premium hike. More mature drivers are more cautious drivers, statistically cause fewer accidents, and receive fewer citations.

If you don't need it don't buy it - There are a ton of additional extra coverages that can waste your money if you aren't diligent. Coverages like personal injury protection, towing coverage, and extra life insurance coverage may be costing you every month. They may seem good initially, but your needs may have changed so eliminate the coverages to reduce your premium.

Qualify for multi-policy discounts - Most auto insurance companies allow discounts to people who have multiple policies with them. It's known as a multi-policy discount. The discount can add up to ten percent or more. Even with this discount, you may still want to check prices from other companies to verify if the discount is saving money. You may still be able to save more without the discount even if you have your coverage with different companies

Safer cars cost less to insure - Safer cars cost less to insure. Vehicles built for safety protect occupants better and better occupant protection translates into savings for insurance companies and cheaper rates on your policy. If the Toyota Avalon scored better than an "acceptable" rating on the Insurance Institute for Highway Safety website it may cost less to insure.

Performance makes a difference - The type of car you need to insure makes a big difference in your auto insurance rates. The lowest rates are usually found on lower performance four cylinder passenger cars, but your final cost has many other factors. Due to the fact that the Toyota Avalon is classified as a sedan, insurance will be about the same compared to average rates in Norfolk.

Does insurance coverage cost less for gals? - Over the last 30 years, statistics show that females take fewer risks when driving. This data doesn't prove that females are better at driving than males. Women and men cause at-fault accidents at about the same rate, but males cause more damage. Men also get more serious tickets like DUI and reckless driving.

Insurance losses for a Toyota Avalon - Auto insurance companies take into consideration historical loss data for every vehicle when determining insurance rates. Models that the data determines to have a trend towards higher claims will have a higher cost to insure. The table shown below demonstrates the compiled insurance loss statistics for Toyota Avalon vehicles.

For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, equals 100. Values below 100 represent a good loss history, while percentage numbers above 100 indicate frequent claims or an increased likelihood of larger losses.

Auto Insurance Loss Data for Toyota Avalon Models

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Avalon 113 72 112 106 98 74
Toyota Avalon Hybrid 120 72 132 107 85 80

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Everyone needs different auto insurance coverages

When quoting and choosing the right insurance coverage for your vehicles, there isn't really a one-size-fits-all type of policy. Everyone's situation is unique and your policy should reflect that.Higher deductibles save money For instance, these questions could help you determine if you may require specific advice.

If you don't know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Independent or exclusive auto insurance agents

Many drivers prefer to have an agent's advice and often times that is recommended A nice benefit of comparing rate quotes online is that drivers can save money and get cheap auto insurance rates and still have an agent to talk to. Buying from and supporting neighborhood agents is important particularly in Norfolk.

Find insurance agent in NorfolkUpon completion of this quick form, the coverage information is sent to local insurance agents who will return price quotes for your coverage. You won't even need to even leave your home due to the fact that quote results will go directly to you. You can get cheaper auto insurance rates without having to waste a lot of time. If you have a need to get a price quote from a particular provider, you would need to go to their quote page and give them your coverage information.

Finding the right insurance company shouldn't rely on just the price. The following questions are important to ask.

After you get satisfactory answers to any questions you may have and an affordable coverage quote, it's a good possibility that you have found an provider that meets the criteria to service your policy. Just keep in mind consumers can cancel a policy when you choose so never feel that you're stuck with any specific company for a certain time period.

Buyer beware of insurance advertising tricks

Insurance companies such as Allstate, GEICO and Progressive regularly use television, radio, and online ads. All the ads tend to make the same promise that you'll save big if you get a free Norfolk car insurance quote and switch your insurance coverage to their company. How does every company lower your car insurance rates?

Most companies have an ideal profile for a prospective insured that earns them the highest profit. One example of a preferred risk could be over age 30, is a homeowner, and drives newer vehicles. Anybody who fits that profile gets the lowest car insurance rates and have a good chance to pay quite a bit less when switching companies.

People who are not a match for this stringent profile will have to pay more expensive rates and ends up with the customer buying from someone else. If you listen closely, the ads state "drivers that switch" but not "everyone who gets a quote" can get the lowest rates when switching. This is how insurance companies can claim big savings.

Because every company is different, you really need to compare quotes as often as possible. It's just not possible to know which insurance companies will fit your personal profile best.

One last thing about your coverage

Cost effective Toyota Avalon insurance can be found on the web and with local Norfolk insurance agents, so you should compare both to have the best selection. There are still a few companies who don't offer rate quotes online and most of the time these smaller companies work with independent insurance agencies.

You just read some good ideas how you can shop for Toyota Avalon insurance online. The key concept to understand is the more companies you get car insurance rates for, the better likelihood of getting low cost Norfolk car insurance quotes. You may even be surprised to find that the lowest rates come from some of the smallest insurance companies. These smaller insurers often have lower car insurance rates on specific markets than their larger competitors like GEICO and State Farm.

Even more information can be read at these sites: