When searching for cheaper insurance, are you intimidated by the wide range of car insurance choices that you can choose from? There are so many options that it can turn into a difficult mission to lower your premium rates for Toyota Sienna insurance in Raleigh. Everyone knows that Raleigh has lots to offer, but expensive car insurance can make it impossible to buy proper levels of coverage.
A recent NerdWallet.com study revealed that almost 70% of drivers have been with the same company for at least four years, and virtually 40% of consumers have never even shopped around for cheap coverage. With the average premium in North Carolina being $976, drivers could save themselves approximately $94 a year by just comparing quotes, but they mistakenly think it’s difficult to compare rates and save money.
It’s important to take a look at other company’s rates yearly since prices change quite often. Even if you got the best rates on Toyota Sienna insurance in Raleigh a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re going to learn one of the easiest ways to save money, get proper coverage and the best rates.
Auto insurance providers offering competitive price quotes in North Carolina
The companies shown below have been selected to offer price comparisons in Raleigh, NC. To get cheaper auto insurance in Raleigh, it’s highly recommended you compare several of them in order to get a fair rate comparison.
Facts and figures for Toyota Sienna insurance
The premium table displayed next highlights a range of insurance prices for Toyota Sienna models. Understanding how car insurance prices are figured can help customers make informed decisions when comparing rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sienna LE AWD||$114||$230||$324||$20||$96||$784||$65|
|Sienna XLE AWD||$114||$272||$324||$20||$96||$826||$69|
|Sienna Limited AWD||$128||$272||$324||$20||$96||$840||$70|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rates do not factor in specific garaging location which can decrease or increase auto insurance rates substantially.
Rate increases following a ticket or accident
The diagram below shows how speeding tickets and at-fault fender-benders increase Toyota Sienna insurance costs for different age groups of insureds. The premium estimates are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
Toyota Sienna insurance rates by age and gender
The chart below compares Toyota Sienna insurance rates for male and female drivers. The costs are based on no claims or violations, full physical damage coverage, $250 deductibles, single marital status, and no discounts are factored in.
Cost comparison with and without full coverage
The diagram below illustrates the difference between Toyota Sienna car insurance costs with and without full coverage. The premiums assume no claims or driving citations, $1,000 deductibles, marital status is single, and no policy discounts are applied.
When to stop buying full coverage
There is no clear-cut rule of when to eliminate full coverage, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s assume your Toyota Sienna replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after you pay the deductible. If you are paying over $700 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are a few situations where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Verify you’re applying every discount
Not many people think insurance is cheap, but you might find some hidden discounts that can drop the cost substantially. Some discounts will apply when you complete an application, but less common discounts must be asked about before being credited.
- Own a Home – Owning a home in Raleigh can save you money because of the fact that having a home demonstrates responsibility.
- Military Discounts – Having an actively deployed family member could mean lower rates.
- Federal Government Employee – Simply working for the federal government could provide a small rate reduction with select insurance companies.
- Distant Student Discount – Older children who attend college more than 100 miles from Raleigh and won’t have access to an insured vehicle may qualify for this discount.
- Discount for Multiple Policies – If you have multiple policies and insure them both with the same insurance company they may give you a discount of approximately 10% to 15%.
- Early Switch Discount – A few insurance companies offer discounts for renewing your policy before your current Sienna insurance policy expires. You could save around 10% when you buy Raleigh car insurance online.
- Seat Belt Discounts – Forcing all vehicle occupants to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
- Senior Discount – If you qualify as a senior citizen, you can get a small decrease in premiums.
- Multi-car Discount – Buying coverage for multiple cars with the same insurance company may reduce the rate for each vehicle.
- Air Bag Discount – Cars that have air bags or automatic seat belts could see savings of up to 25% or more.
Keep in mind that some of the credits will not apply to the overall cost of the policy. Most cut individual premiums such as liability, collision or medical payments. Even though the math looks like you can get free auto insurance, companies wouldn’t make money that way.
The information below illustrates the difference between Toyota Sienna auto insurance rates with and without discounts. The rate quotes are based on a female driver, no accidents or driving violations, North Carolina 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 marriage, multi-car, safe-driver, homeowner, claim-free, and multi-policy discounts applied.
If you would like to choose from a list of companies offering insurance discounts in Raleigh, click here.
Informed Consumers Save Every Year
Many things are taken into consideration when quoting car insurance. A few of the factors are predictable like your driving record, but other criteria are less obvious such as your credit history or your commute time. When buying auto insurance it’s important to understand a few of the rating criteria that come into play when calculating auto insurance rates. If you have a feel for what determines premiums, this allows you to make good choices that may reward you with lower premium levels.
Rates can drop if you have more than one policy – Some insurance companies will award a discount to policyholders who consolidate policies with them such as combining an auto and homeowners policy. This can amount to ten percent or more. Even with this discount, consumers should still compare other Raleigh Sienna insurance rates to guarantee you are still saving the most.
Save money by eliminating extra coverages – There are a lot of extra bells and whistles that sound like a good idea at the time when buying auto insurance. Coverage for things like roadside assistance, high-cost glass coverage, and extra life insurance coverage are examples of these. They may sound like good ideas when talking to your agent, but your money might be better spent on other coverage so eliminate them to save money.
Get cheaper rates if you’re married – Walking down the aisle helps lower the price compared to being single. It is viewed as being less irresponsible and statistics show drivers who are married file infrequent claims.
A car insurance policy lapse is a bad thing – Driving without insurance coverage in place can get you a ticket and you will pay a penalty because you let your insurance lapse. And not only will insurance be more expensive, being ticketed for driving with no insurance may result in a revoked license or a big fine. You may need to file a SR-22 with the North Carolina motor vehicle department.
Your stress level may be raising your premiums – Did you know your career choice can influence rates? Jobs such as real estate brokers, air traffic controllers, and miners tend to have higher average rates because of intense work requirements and lengthy work days. On the flip side, professions such as farmers, athletes and retirees get better rates.
Driver age impacts premiums – Teenage drivers in North Carolina are known to get distracted easily in a vehicle so auto insurance rates are higher. Parents adding a teen driver to your auto insurance policy can be quite pricey. More mature drivers are more cautious drivers, file fewer claims, and are generally more financially stable.
The data below assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Toyota Sienna insurance loss statistics – Car insurance companies take into consideration insurance loss statistics for every vehicle to calculate a rate that offsets possible losses. Vehicles that the statistics show to have higher frequency or amount of claims will cost more for coverage.
The data below shows the collected loss data for Toyota Sienna vehicles. For each type of coverage, the loss probability for all vehicles compiled together is set at 100. Numbers that are below 100 represent a good loss history, while numbers that are greater than 100 point to more claims or an increased chance of a larger loss.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Sienna 2WD||99||88||99||94||98||85|
|Toyota Sienna 4WD||106||94||102||75||65||73|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Local Raleigh insurance agencies and auto insurance
Some people just want to visit with an insurance agent and that is OK! A good thing about getting free rate quotes online is that you can find better rates and still buy from a local agent. Supporting local insurance agents is still important in Raleigh.
After filling out this simple form, the coverage information is sent to local insurance agents in Raleigh that give free quotes for your coverage. You never need to find an agent since rate quotes are delivered directly to your email. You can find the lowest rates without a big time investment. If you wish to quote rates from a specific auto insurance provider, just go to their quote page and complete a quote there.
Multiple types of auto insurance agents in Raleigh
If you are wanting to purchase auto insurance from a good insurance agency, it’s helpful to know the types of agencies that you can choose from. Raleigh agents are classified as either independent agents or exclusive agents.
Independent Auto Insurance Agencies or Brokers
Agents in the independent channel do not work for one specific company so they can insure your vehicles amongst many companies and find you cheaper rates. If they find a cheaper price, the business is moved internally and you don’t have to switch agencies.
If you are trying to find cheaper rates, it’s recommended you include rate quotes from a couple of independent agencies to get the most accurate price comparison. Most have the option of insuring with smaller companies which may have better rates.
Listed below are Raleigh independent agents that may be able to provide rate quotes.
- Nationwide Insurance: Snotherly Ins Agency Inc
2308 Wake Forest Rd – Raleigh, NC 27608 – (919) 832-5832 – View Map
- Hix Insurance Center
2010 New Bern Ave – Raleigh, NC 27610 – (919) 255-6210 – View Map
- Nationwide Insurance: Christopher D Edwards Agency
3901 Capital Blvd Ste 121 – Raleigh, NC 27604 – (919) 872-0130 – View Map
Agents that choose to be exclusive write business for a single company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable on their company’s products which helps offset the inability to provide other markets. Consumers sometimes buy insurance from these agents partially due to the brand legacy and strong financial ratings.
Shown below is a short list of exclusive agencies in Raleigh willing to provide price quotes.
- Lindsay Gianni – State Farm Insurance Agent
12333 Strickland Rd #106 – Raleigh, NC 27613 – (919) 329-2913 – View Map
- Allstate Insurance: Thomas Walters
5620 Six Forks Rd Ste 103 – Raleigh, NC 27609 – (919) 848-8105 – View Map
- Tom Patterson – State Farm Insurance Agent
805 Spring Forest Rd #1400 – Raleigh, NC 27609 – (919) 954-1340 – View Map
Picking the best car insurance agent should include more criteria than just a cheap price quote. Some important questions to ask are:
- What company holds the largest book of business for them?
- Is the agent properly licensed in North Carolina?
- Is the quote a firm price?
- Do the companies they represent have a solid financial rating?
- Will the agent or a CSR service your policy?
More comparisons equals cheap rates
In this article, we presented a lot of information how to compare Toyota Sienna insurance rates in Raleigh. It’s most important to understand that the more you quote Raleigh car insurance, the better likelihood of getting cheaper Raleigh car insurance quotes. Consumers may even find the lowest priced auto insurance comes from a smaller regional carrier.
People leave their current company for many reasons like policy cancellation, denial of a claim, high rates after DUI convictions or high prices. No matter why you want to switch, finding a new company can be easy and end up saving you some money.
When you buy Raleigh car insurance online, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where an accident victim reduced collision coverage and learned later that it was a big error on their part. The proper strategy is to purchase a proper amount of coverage for the lowest price, but do not skimp to save money.
How to find the cheapest rates for Toyota Sienna insurance in Raleigh
The best way we recommend to find low-cost Toyota Sienna insurance is to annually compare prices from insurance carriers who sell insurance in Raleigh.
Step 1: Read about car insurance and the steps you can take to prevent rate increases. Many rating factors that result in higher prices such as careless driving and a low credit score can be controlled by improving your driving habits or financial responsibility.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and State Farm, while agents who are independent can quote rates for a wide range of companies. View prices
Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper price is available in Raleigh. If you can save money and make a switch, make sure there is no lapse in coverage.
Step 4: Provide written notification to your current company of your intent to cancel your current coverage. Submit a completed application and payment for the new coverage. Once the paperwork is finalized, keep your new certificate verifying proof of insurance along with your vehicle registration.
A good tip to remember is that you’ll want to make sure you compare similar limits and deductibles on each price quote and and to get rate quotes from as many companies as feasibly possible. Doing this enables a fair rate comparison and and a good selection of different prices.
To learn more, take a look at these articles:
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has Cheap Raleigh Auto Insurance Rates for Welfare Recipients? (FAQ)
- Who Has the Cheapest Auto Insurance for Low Credit Scores in Raleigh? (FAQ)
- Who Has Affordable Raleigh Car Insurance for a Dodge Journey? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Prom Night Tips for Teen Drivers (State Farm)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Get the Right Protection (InsureUonline.org)