The best way we recommend to find cheaper prices for Toyota Yaris insurance is to compare quotes once a year from different companies who provide car insurance in Durham.
Step 1: Gain an understanding of how companies set rates and the things you can change to prevent expensive coverage. Many things that are responsible for high rates like high-risk driving behaviors and a not-so-good credit score can be amended by making minor changes to your lifestyle.
Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like Progressive or State Farm, while independent agencies can quote rates for many different companies.
Step 3: Compare the price quotes to your current policy to see if cheaper Yaris coverage is available. If you find a lower rate quote, make sure coverage does not lapse between policies.
The most important part of shopping around is to make sure you’re comparing similar limits and deductibles on every quote request and and to compare as many companies as you can. This guarantees a fair rate comparison and a complete price analysis.
It’s safe to assume that insurance companies don’t want you comparing rates. People who rate shop once a year are inclined to switch to a new company because there is a good chance of finding more affordable rates. A recent study showed that consumers who regularly compared rates saved approximately $865 a year compared to policyholders who never shopped for cheaper rates.
If finding the cheapest rates on insurance in Durham is your goal, then having some insight into how to shop for insurance rates can make it easier to shop your coverage around.
If you are paying for car insurance now, you will definitely be able to shop for the lowest rates using the tips covered below. We hope to teach you how car insurance quotes work and how to save the most money. But North Carolina drivers must know the methods companies use to price insurance differently because it varies considerably.
These nine discounts can cut Toyota Yaris insurance rates
Not many people think insurance is cheap, but you can get discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be asked for before you will receive the discount.
- Bundle and Save – When you combine your auto and homeowners insurance with one insurance company you could save up to 20% off your total Yaris insurance premium.
- Online Discount – Some larger companies will give a small break for signing up digitally online.
- Theft Prevention Discount – Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
- Full Payment Discount – By paying your entire bill at once instead of monthly or quarterly installments you could save 5% or more.
- Responsible Driver Discounts – Drivers without accidents can save as much as half off their rates than drivers with accidents.
- Waiver for an Accident – This isn’t a discount exactly, but a handful of insurance companies permit an accident before raising your premiums as long as you don’t have any claims for a certain period of time.
- Save over 55 – Drivers over the age of 55 can get lower premium rates.
- Safety Course Discount – Completing a course that instructs on driving safety could earn you a small percentage discount if your company offers it.
- New Car Discount – Putting coverage on a new Yaris can be considerably cheaper because new vehicles keep occupants safer.
One last thing about discounts, most credits do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like you could get a free auto insurance policy, insurance companies wouldn’t stay in business.
The information below shows the difference between Toyota Yaris car insurance costs with and without policy discounts. The premiums are based on a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, claim-free, homeowner, and safe-driver discounts applied.
A few of the larger companies and their offered discounts can be found below.
- State Farm has discounts for safe vehicle, driver’s education, good student, anti-theft, and student away at school.
- Nationwide offers premium reductions for anti-theft, business or organization, accident-free, good student, defensive driving, easy pay, and multi-policy.
- GEICO policyholders can earn discounts including daytime running lights, seat belt use, defensive driver, air bags, membership and employees, and anti-lock brakes.
- AAA may include discounts for good driver, multi-policy, education and occupation, AAA membership discount, and pay-in-full.
- 21st Century discounts include anti-lock brakes, air bags, defensive driver, homeowners, 55 and older, student driver, and teen driver.
- The Hartford offers discounts including driver training, air bag, anti-theft, defensive driver, vehicle fuel type, good student, and bundle.
When quoting, ask each company which discounts they offer. Depending on the company, some discounts might not be offered on policies in Durham. If you would like to choose from a list of providers with significant discounts in Durham, click here.
When shopping for Toyota Yaris insurance in Durham there are multiple ways to compare rate quotes from all the different companies. The best way to lower the rate you pay for Toyota Yaris insurance is to jump online and get quotes.
When price shopping your coverage, having more price comparisons will enable you to find more affordable insurance.
The auto insurance companies shown below are ready to provide free rate quotes in Durham, NC. If you want the best auto insurance in Durham, it’s highly recommended you visit as many as you can in order to find the cheapest rates.
Statistics and details
The table displayed below covers detailed analysis of rate quotes for Toyota Yaris models. Understanding how insurance policy rates are formulated is important for you to make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $144 | $334 | $318 | $18 | $96 | $910 | $76 |
| Yaris 4-Dr Hatchback | $144 | $334 | $282 | $16 | $84 | $860 | $72 |
| Yaris 4-Dr Sedan | $144 | $334 | $282 | $16 | $84 | $860 | $72 |
| Yaris S 2-Dr Hatchback | $166 | $334 | $318 | $18 | $96 | $932 | $78 |
| Yaris S 4-Dr Hatchback | $166 | $334 | $282 | $16 | $84 | $882 | $74 |
| Yaris S 4-Dr Sedan | $166 | $334 | $282 | $16 | $84 | $882 | $74 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific zip code location which can decrease or increase premium rates greatly.
Policy deductibles
One of the hardest decisions when shopping for auto insurance is at what level do you set your deductibles. The premium rates below summarize the differences in premium rates of buying low and high insurance deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $168 | $324 | $282 | $16 | $84 | $899 | $75 |
| Yaris 4-Dr Hatchback | $168 | $324 | $250 | $14 | $74 | $855 | $71 |
| Yaris 4-Dr Sedan | $168 | $324 | $250 | $14 | $74 | $855 | $71 |
| Yaris S 2-Dr Hatchback | $192 | $324 | $282 | $16 | $84 | $923 | $77 |
| Yaris S 4-Dr Hatchback | $192 | $324 | $250 | $14 | $74 | $879 | $73 |
| Yaris S 4-Dr Sedan | $192 | $324 | $250 | $14 | $74 | $879 | $73 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $104 | $204 | $282 | $16 | $84 | $690 | $58 |
| Yaris 4-Dr Hatchback | $104 | $204 | $250 | $14 | $74 | $646 | $54 |
| Yaris 4-Dr Sedan | $104 | $204 | $250 | $14 | $74 | $646 | $54 |
| Yaris S 2-Dr Hatchback | $118 | $204 | $282 | $16 | $84 | $704 | $59 |
| Yaris S 4-Dr Hatchback | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Yaris S 4-Dr Sedan | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Information does not factor in specific location information which can change coverage rates noticeably.
Based on the above data, using a $250 deductible would cost the average driver about $17 more each month or $204 each year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 44 months between claim filings, you would probably be better off by selecting a higher deductible.
The diagram below demonstrates how deductible levels and can increase or decrease Toyota Yaris insurance costs for different age groups of insureds. Data assumes a single male driver, full physical damage coverage, and no discounts are applied to the premium.
Safe drivers Durham pay cheaper rates
The diagram below shows how speeding tickets and at-fault collisions can influence Toyota Yaris insurance prices for different categories of driver ages. The costs are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.
Auto insurance cost for men versus women in Durham
The information below visualizes the comparison of Toyota Yaris auto insurance costs for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, drivers are not married, and no discounts are factored in.
When should I talk to an insurance agency?
A small number of people just prefer to buy from a licensed agent and there is nothing wrong with that. An additional benefit of price shopping on the web is the fact that drivers can get the lowest rates but still work with a licensed agent. And buying from neighborhood insurance agencies is definitely important in Durham.
Upon completion of this quick form, your insurance data gets sent to participating agents in Durham who can give free rate quotes to get your business. There is no need to find an agent due to the fact that quote results will go instantly to you. You can find better rates without having to waste a lot of time. If you have a need to quote rates from a specific insurance company, you can always visit that company’s website and give them your coverage information.
If you are wanting to purchase car insurance from local Durham agents, you need to know there are two different agency structures that you can choose from. Agents are categorized either independent agents or exclusive agents depending on their employer.
Independent Insurance Agents
Independent insurance agents are appointed with more than one company and that allows them to write policies through many companies enabling the ability to shop coverage around. If they quote lower rates, your agent can switch companies and that require little work on your part.
When searching for an agent, we highly recommend that you include rate quotes from several independent agencies so that you have a good selection of quotes to compare. Most have the option of insuring with companies you’ve never heard of that many times have cheaper rates.
Listed below is a partial list of independent insurance agencies in Durham who may be able to give you competitive price quotes.
- Hix Insurance Center
1533 Glenn School Road, Building C Unit A-14 – Durham, NC 27704 – (919) 220-3031 – View Map - Tyson Insurance
3814 N Duke St # A – Durham, NC 27704 – (919) 471-8222 – View Map - Around The Corner Insurance Agency, Inc.
1431 Broad St – Durham, NC 27705 – (919) 286-9500 – View Map
Exclusive Insurance Agents
Agents of this type can only place business with one company such as State Farm, AAA, Farmers Insurance or Allstate. Exclusive agencies are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents are well trained on the products they sell which helps them sell on service rather than price. Consumers often use the same agent partially due to high brand loyalty rather than having low rates.
The following is a list of exclusive agencies in Durham that are able to give price quote information.
- Farm Bureau Insurance
4021 Stirrup Creek Dr #220a – Durham, NC 27703 – (919) 469-3191 – View Map - Leslie Robinson State Farm Insurance
105 W North Carolina 54 #263 – Durham, NC 27713 – (919) 206-5096 – View Map - Chuck Barham State Farm®
3823 Guess Rd – Durham, NC 27705 – (919) 477-7300 – View Map
Finding the right insurance agency requires more thought than just a cheap quote. Any good agent in Durham should know the answers to these questions.
- Do they offer accident forgiveness?
- When do they do a full risk review?
- Do you need full coverage on every vehicle?
- Does the company allow you to choose your own collision repair facility?
- Are they properly licensed to sell insurance in North Carolina?
- Which insurance companies are they affiliated with?
Why you need to buy auto insurance
Despite the high insurance cost for a Toyota Yaris in Durham, insuring your vehicle is mandatory in North Carolina but it also protects more than you think.
- Most states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance in order to drive the car. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a loan, almost all lenders will stipulate that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank will be required to insure your Toyota at a much higher rate and force you to pay the higher premium.
- Auto insurance preserves both your assets and your Toyota. Insurance will pay for many types of medical costs incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If mother nature or an accident damages your car, your auto insurance policy will pay to repair the damage.
The benefits of buying enough insurance definitely exceed the price paid, especially for larger claims. But the average driver in North Carolina is currently overpaying as much as $820 a year so shop around once a year at a minimum to be sure current rates are still competitive.
Car insurance coverages for a Toyota Yaris
Having a good grasp of your policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Coverage for liability
Liability insurance provides protection from injuries or damage you cause to a person or their property in an accident. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 30/60/25 that translate to a $30,000 limit per person for injuries, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers claims like pain and suffering, funeral expenses, repair bills for other people’s vehicles and bail bonds. How much coverage you buy is your choice, but buy as much as you can afford. North Carolina state law requires minimum liability limits of 30/60/25 but you should think about purchasing more liability than the minimum.
The next chart shows why buying minimum limits may not be high enough to adequately cover claims.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as chiropractic care, ambulance fees, doctor visits and funeral costs. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Comprehensive insurance
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as vandalism, a tree branch falling on your vehicle and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Toyota Yaris.
Due to the fact that many North Carolina drivers have only the minimum liability required by law (30/60/25 in North Carolina), their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Collision coverage protection
This covers damage to your Yaris from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things like crashing into a ditch, backing into a parked car, driving through your garage door and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible on your Yaris to get cheaper collision coverage.
Smart shoppers get results
Discount Toyota Yaris insurance in Durham can be found online in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers may not provide price quotes online and usually these small, regional companies prefer to sell through independent agents.
When trying to cut insurance costs, it’s not a good idea to reduce coverage to reduce premium. Too many times, someone sacrificed full coverage and learned later they didn’t purchase enough coverage. Your strategy should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.
People leave their current company for many reasons like poor customer service, policy non-renewal, an unsatisfactory settlement offer or not issuing a premium refund. It doesn’t matter why you want to switch finding a new insurance company is pretty simple and you could end up saving a buck or two.
Additional articles
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Who Has Affordable Car Insurance for First-time Drivers in Durham? (FAQ)
- Who Has the Cheapest Durham Car Insurance Rates for Single Moms? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Teenage Males in Durham? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Durham? (FAQ)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Understanding Limits and Deductibles (Allstate)