Save Money on Toyota Venza Insurance in Raleigh

Has it been a year or more since you last compared quotes for more affordable Toyota Venza insurance in Raleigh? Are you burned out from trying to scrape together enough money to pay your car insurance bill each month? You’re in the same situation as many other vehicle owners in North Carolina.

Insurance quote for Toyota Venza in RaleighSmart shoppers know that car insurance companies want to prevent you from shopping around. Drivers who compare other rates are inclined to buy a different policy because they have good chances of finding a more affordable policy premium. A study showed that drivers who faithfully checked for cheaper rates saved as much as $70 a month as compared to drivers who never compared prices.

If finding the most affordable insurance is your objective, then having a good understanding how to find and compare insurance premiums can make it easier to shop your coverage around.

Online insurance companies like GEICO and Progressive continually bombard you with ads and it is challenging if not impossible to separate fact from fiction and find the best price available.

You should take the time to compare premium rates quite often because insurance prices are variable and change quite frequently. Just because you had the lowest rate on Toyota Venza insurance in Raleigh a year ago a different company probably has better premium rates today. There are a lot of ways to save on Venza insurance out there, but we’re going to give you some excellent ideas to lower your car insurance premiums.

If you already have coverage, you should be able to get lower rates using the techniques presented in this article. Buying the cheapest insurance in Raleigh can initially seem challenging. But North Carolina consumers must know the way insurance companies calculate your policy premium because it varies considerably.

Affordable car insurance in Raleigh, NC

The companies shown below have been selected to offer quotes in Raleigh, NC. In order to find cheap car insurance in Raleigh, we recommend you get rate quotes from several of them to get a more complete price comparison.

Rates and data analysis

The rate information displayed next highlights a range of rate quotes for Toyota Venza models. Having a better understanding of how insurance premiums are formulated is important to be able to make informed decisions.

Toyota Venza Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $116 $236 $262 $16 $78 $708 $59
Venza AWD 4-Dr $116 $236 $262 $16 $78 $708 $59
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Table data does not factor in garaging location in Raleigh which can revise premiums greatly.

Insurance deductibles

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The rates below sum up the differences in premium rates when you select higher and lower deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Toyota Venza insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $242 $456 $250 $14 $74 $1,061 $88
Venza AWD 4-Dr $242 $456 $250 $14 $74 $1,061 $88
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Toyota Venza insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $176 $308 $250 $14 $74 $822 $69
Venza AWD 4-Dr $176 $308 $250 $14 $74 $822 $69
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can influence coverage rates noticeably.

Using the premium rates above, we can conclude that using a $100 deductible costs about $19 more each month or $228 every year averaged for all Venza models than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go more than 21 months between claim filings, you would most likely save money if you choose the higher deductible. Here’s the way you can do this calculation yourself.

Average monthly premium for $100 deductibles: $88
Average monthly premium for $500 deductibles (subtract): – $69
Monthly savings from raising deductible: $19
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One thing to be aware of is that higher deductibles means you will have to cover more of the damage yourself when you file a claim. You need some available funds in the event you have to pay more for the deductible.

Does full coverage make sense?

The illustration below shows the comparison of Toyota Venza premium costs when comparing full coverage to liability only. Data assumes a clean driving record, no claims, $250 deductibles, single status, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There is no set guideline to delete full coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your Toyota Venza book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying your deductible. If it’s costing in excess of $200 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some conditions where only buying liability is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Car insurance policy discounts for Toyota Venza insurance in Raleigh

Some companies don’t always publicize every discount available very well, so we researched both the well known as well as some of the hidden credits available to lower your premiums when you buy Raleigh auto insurance online.Save money with discounts

You should keep in mind that most discount credits are not given to the whole policy. Most only cut specific coverage prices like liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

The illustration below visualizes the comparison of Toyota Venza insurance costs with and without some available policy discounts. Data assumes a female driver, no claims or driving violations, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, claim-free, multi-policy, multi-car, and marriage discounts applied.

Some of the larger companies that may have some of the above discounts include:

Before buying, ask each company how you can save money. Some credits may not apply to policies everywhere.

Four factors that influence insurance costs

Multiple criteria are considered when premium rates are determined. A few of the factors are predictable such as your driving history, but other criteria are more obscure such as your credit history or how financially stable you are. A large part of saving on insurance is knowing the factors that play a part in calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get cheaper rates.

The list below includes most of the major factors used by your company to calculate your premiums.

Lower rates for being claim-free – If you file claims often, don’t be surprised to see increased rates or even have your policy non-renewed. Companies in North Carolina award cheaper rates to people who are claim-free. Your car insurance is designed for the large, substantial claims.

Safeguard your assets with liability protection – A critical coverage on your policy, liability insurance provides coverage if ever you are ruled to be at fault for damages caused by your negligence. It will provide you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so do not skimp.

Avoid traffic tickets – Careful drivers pay lower auto insurance prices as compared to careless drivers. Just one speeding ticket can increase the cost of insurance to the point where it’s not affordable. Drivers who have gotten careless violations like reckless driving or DUI may be required to submit a SR-22 form with their state’s licensing department in order to legally drive a vehicle.

The example below shows how traffic citations and at-fault collisions drive up Toyota Venza insurance prices for different age groups. The information is based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

Marriage discount – Having a significant other may cut your premiums compared to being single. Marriage usually means you are more financially stable and it’s statistically proven that being married results in fewer claims.

Insurance loss statistics a Toyota Venza – Insurers study historical loss data to help calculate a profitable premium price. Models that have higher claim frequency or loss amount will cost more for specific coverages.

The table shown below demonstrates the historical insurance loss data for Toyota Venza vehicles. For each type of coverage, the claim probability for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers shown that are under 100 indicate better than average losses, while values over 100 indicate frequent claims or a tendency for losses to be larger than average.

Toyota Venza Insurance Claim Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Venza 4dr 2WD 93 102 86 115 110 93
Toyota Venza 4dr 4WD 94 102 97 120 94 87

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance can be complex

When buying coverage online or from an agent for your personal vehicles, there really is no cookie cutter policy. Your needs are unique to you and your auto insurance should unique, too.Safe vehicles cost less to insure
For instance, these questions might point out if you will benefit from professional help.

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Insurance is available from local insurance agents

Many people would rather sit down with an agent and often times that is recommended The best thing about comparing insurance prices online is that you can obtain lower rates and still buy from a local agent.

Raleigh insurance agentsAfter completing this simple form, the coverage information is sent to local insurance agents in Raleigh who want to provide quotes for your insurance coverage. You won’t even need to even leave your home as quotes are delivered to your email. You can get cheaper insurance rates AND a local agent. If for some reason you want to quote rates from a specific company, you would need to go to their quote page and submit a quote form there.

Picking the best company shouldn’t rely on just a cheap quote. Get answers to these questions too.

Shown below are Raleigh auto insurance companies that can give you rate quotes for Toyota Venza insurance in Raleigh.

6837 Falls of Neuse Rd #104Raleigh, NC 27615(919) 846-8006View Map

9360 Falls of Neuse Rd #201Raleigh, NC 27615(919) 676-5695View Map

6512 Six Forks Rd #102cRaleigh, NC 27615(919) 870-9191View Map

6021 Poyner Village Pkwy #109Raleigh, NC 27616(919) 875-1955View Map

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Best car insurance in Raleigh

Picking the right auto insurance company is hard considering how many companies there are to choose from in North Carolina. The company information displayed below could help you analyze which companies you want to consider comparing rate quotes with.

Top 10 Raleigh Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

In the end, you can save money

When buying insurance coverage, make sure you don’t buy poor coverage just to save money. There have been many situations where someone sacrificed liability coverage limits and discovered at claim time they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at the lowest possible cost while still protecting your assets.

We just showed you many tips how you can shop for Toyota Venza insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of getting the cheapest Toyota Venza rate quotes. You may even find the biggest savings come from the least-expected company. These companies may only write in your state and offer lower premium rates than the large multi-state companies such as State Farm, GEICO and Nationwide.

Steps to finding low-cost Toyota Venza insurance in Raleigh

The recommended way to get budget Toyota Venza insurance is to annually compare prices from insurers in Raleigh.

  1. Spend some time learning about the different coverages in a policy and the measures you can take to prevent rate increases. Many rating criteria that cause high rates like speeding tickets, careless driving and a negative credit rating can be improved by making minor changes in your lifestyle.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Allstate, while independent agencies can give you price quotes for many different companies. Begin your rate comparison
  3. Compare the price quotes to your existing coverage to see if a cheaper rate is available in Raleigh. If you find a lower rate quote and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Give notification to your agent or company of your intent to cancel your current auto insurance policy and submit a down payment along with a completed application to the newly selected company. As soon as coverage is bound, put the certificate verifying proof of insurance with the vehicle registration.

One thing to remember is to make sure you’re comparing identical coverage information on every price quote and and to look at every insurance company. Doing this enables an accurate price comparison and the best price quote selection.

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