Being forced to pay for high-priced auto insurance premiums can eat up your personal savings and require stricter spending habits.
It's astonishing, but 70% of consumers have stayed with the same insurance company for a minimum of four years, and 38% of drivers have never even compared rates from other companies. New Mexico consumers could save 40% a year by just shopping around, but they feel it's too difficult to compare rate quotes. Popular companies such as Allstate, Progressive and GEICO constantly bombard you with ad campaigns and consumers find it hard to see past the geckos and flying pigs and take the time to shop coverage around.
The easiest way to get rate comparisons for Toyota Prius insurance in Las Cruces is to understand most insurance companies participate in a system to give rate comparisons. All you need to do is give the companies some data including how much school you completed, driver ages, the type of vehicles you drive, and whether your vehicle is owned or leased. The rating information is instantly sent to multiple car insurance providers and they return cost estimate immediately.
To find the cheapest car insurance rates, click here and enter the information requested.
The companies in the list below offer price comparisons in Las Cruces, NM. If more than one company is shown, it's highly recommended you click on several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price information does not factor in vehicle location which can modify premiums greatly.
The chart below illustrates how choosing a deductible and can raise or lower Toyota Prius premium costs for different categories of driver ages. The prices are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.
Should you buy full coverage?
The example below visualizes the comparison of Toyota Prius insurance costs with and without physical damage coverage. The data assumes no violations or accidents, $250 deductibles, married male driver, and no discounts are taken into consideration.
When to stop paying for full coverage
There isn't a steadfast formula of when to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let's say your Toyota Prius replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after you pay the deductible. If you are paying in excess of $300 annually for physical damage coverage, then it might be time to buy liability only.
There are some situations where dropping full coverage is not advised. If you haven't satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Insurance discounts are available to cut your rates
Companies offering auto insurance don't list all possible discounts in a way that's easy to find, so the below list has a few of the more common as well as some of the hidden credits available to you.
- Seat Belts Save more than Lives - Drivers who require all occupants to wear their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.
- Discount for New Cars - Buying insurance on a new vehicle can cost up to 25% less because new model year vehicles have to meet stringent safety requirements.
- Telematics Discount - Drivers that enable data collection to look at driving habits by using a telematics device such as State Farm's In-Drive might get better premium rates if they show good driving skills.
- Active Service Discounts - Being deployed with a military unit could qualify you for better prices.
- Bundled Policy Discount - If you can combine your auto and home policy and place coverage with the same company they may give you a discount of over 10 percent off each policy depending on the company.
- Include Life Insurance and Save - Select insurance companies reward you with a break if you buy auto and life insurance together.
- No Charge for an Accident - This one isn't a discount, but companies like Allstate, Progressive, and GEICO will forgive one accident before raising your premiums so long as you are claim-free for a particular time prior to the accident.
- Braking Control Discount - Cars with ABS braking systems or traction control prevent accidents and the ABS can save up to 10%.
Don't be surprised that many deductions do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like comprehensive or collision. Even though it may seem like you can get free auto insurance, insurance companies aren't that generous.
To view insurers that offer some of these discounts in New Mexico, follow this link.
Find Toyota Prius Insurance More Affordably
Part of the insurance buying process is learning some of the things that aid in calculating your policy premiums. If you have some idea of what impacts premium levels, this helps enable you to make changes that may reward you with better insurance rates. Many different elements are used when you get a price on insurance. Some factors are common sense like your driving record, but others are not as apparent such as your marital status or your vehicle rating.
Being married can save you money - Being married helps lower the price compared to being single. Marriage demonstrates that you tend to be less irresponsible and statistics prove married couples file fewer claims.
Better prices for no policy lapses - Not maintaining insurance can get you a ticket and you may have a hard time finding new coverage because you let your insurance coverage expire. And not only will insurance be more expensive, the inability to provide proof of insurance can result in fines and jail time. You may have to submit proof of financial responsibility or a SR-22 with the New Mexico motor vehicle department.
How do annual miles impact rates? - The more you drive your Toyota in a year's time the more you will pay for insurance. Almost all companies charge to insure your cars based on how the vehicle is used. Cars and trucks that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Make sure your vehicle rating states the right rating data, because it can save money. An improperly rated Prius is just wasting money.
Employer and insurance premiums - Did you know your career choice can influence rates? Occupational choices like doctors, executives and emergency personnel tend to pay higher premiums than the average policyholder due to intense work situations and long work hours. On the other hand, careers such as actors, historians and performers receive lower rates.
The type of car you drive affects your costs - The performance level of the car you are buying insurance for makes a significant difference in determining your rates. Since the Toyota Prius falls in the compact car class, rates will be the same to a little lower as compared to the average rate in Las Cruces. Small economy passenger models usually have the lowest rates, but that's not the only thing that factors into the final price.
Keep policy claims to a minimum - Insurance companies in New Mexico give the lowest premiums to insureds that do not abuse their auto insurance. If you frequently file small claims, you can definitely plan on much higher rates or policy non-renewal. Your insurance policy is intended for larger claims.
Insurance is expensive for teen drivers - Older drivers are more responsible, tend to file fewer claims, and are safer drivers.Drivers with little experience are proven to be inattentive behind the wheel therefore insurance rates are much higher.
Toyota Prius historical loss data - Insurance companies take into consideration historical loss data for every vehicle when setting rates for each model. Models that have higher prevalence or dollar amount of losses will cost more to insure. The next table shows the loss history for Toyota Prius vehicles.
For each coverage category, the claim probability for all vehicles combined as an average equals 100. Values under 100 suggest losses that are better than average, while values over 100 indicate a higher chance of having a claim or tendency to have larger claims.
Toyota Prius Insurance Claim Statistics
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Prius C Hybrid||113||100||87||120||121||113|
|Toyota Prius Hybrid||101||97||98||103||118||103|
|Toyota Prius Plug-in Hybrid||98||89||87||106||114||93|
|Toyota Prius V Hybrid||94||86||88||88||94||97|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare prices but work with a local Las Cruces insurance agent
Many drivers would rather talk to a local agent and often times that is recommended Professional agents can help you build your policy and help file insurance claims. The best thing about getting free rate quotes online is that you can obtain the lowest rates and also buy local. Buying from neighborhood insurance agencies is still important in Las Cruces.
Upon completion of this form (opens in new window), the coverage information is submitted to participating agents in Las Cruces that can provide free Las Cruces car insurance quotes for your insurance coverage. You don't have to leave your computer since rate quotes are delivered immediately to you. If for some reason you want to compare rates from one company in particular, you just need to find their quoting web page to submit a rate quote request.
Listed below are agents in Las Cruces that may be willing to give price quotes for Toyota Prius insurance in Las Cruces.
Ryan Kimbrell - State Farm Insurance Agent
1101 N Solano Dr - Las Cruces, NM 88001 - (575) 647-0000 - View Map
Picking the best provider requires more thought than just a cheap price quote. Any agent in Las Cruces should have no problem answering these questions:
- How would your car be valued if totalled?
- What is their Better Business Bureau rating?
- Does their agency support local causes in Las Cruces?
- Which companies do they recommend if they are an independent agency?
- Where are claims handled?
- Do they get extra compensation for selling add-on coverages?
- How much can you save by raising your physical damage deductibles?
- Do they regularly work with personal auto policies in Las Cruces?
Compare. Compare. Compare.
We covered a lot of information how to find affordable Toyota Prius insurance in Las Cruces. It's most important to understand that the more companies you get car insurance rates for, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a small local company. These companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.
Cheaper insurance in Las Cruces is available from both online companies and from local insurance agents, so you need to shop Las Cruces car insurance with both to get a complete price analysis. Some insurance companies may not have internet price quotes and these smaller providers prefer to sell through independent agencies.
To read more, feel free to browse the following helpful articles:
- Alcohol Impaired Driving FAQ (iihs.org)
- What Car Insurance is Cheapest in Albuquerque, New Mexico? (FAQ)
- What Auto Insurance is Cheapest for a Nissan Sentra in New Mexico? (FAQ)
- What Insurance is Cheapest for Drivers with a Bad Driving Record in New Mexico? (FAQ)
- Your Car has been Stolen: Now What? (Allstate)
- What is Gap Insurance? (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)