Nobody likes paying for insurance, in particular when they could get a better deal.
A recent study showed that the vast majority of consumers have been with the same company for over three years, and approximately 40% of consumers have never compared insurance rates at all. With the average insurance premium being $1,847, American drivers could save nearly $860 a year just by shopping around, but they just assume it’s a time-consuming process to do a rate comparison.
Companies like Allstate, Liberty Mutual and State Farm all promote huge savings with ads and it is difficult to ignore the flashy ads and take the time to shop coverage around.
Cheaper rates with these eight discounts
The cost of insuring your cars can be expensive, but companies offer discounts that many people don’t even know exist. Most are applied at quote time, but less common discounts must be asked about before you will receive the discount.
- Professional Organizations – Being a member of specific professional or occupational memberships or organizations is a good way to get lower rates on your bill.
- Renewal Discounts – Some auto insurance companies provide a discount for signing up early. It can save you around 10%.
- Claim-Free Discount – San Diego drivers who stay claim-free can earn big discounts as compared to policyholders that have many claims.
- Discount for Low Mileage – Fewer annual miles on your Toyota may enable drivers to earn lower auto insurance rates on the low mileage vehicles.
- Senior Citizen Rates – Older drivers may be able to get lower premium rates.
- Drivers Education – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course as it will make them better drivers and lower rates.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out a life insurance policy as well.
- Pay Now and Pay Less – By making one initial payment rather than paying monthly you can avoid monthly service charges.
A quick disclaimer, most of the big mark downs will not be given to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think all those discounts means the company will pay you, you won’t be that lucky.
For a list of insurers that offer some of these discounts in San Diego, click this link.
When comparison shopping, there are several ways to compare rate quotes from many insurance companies in California. The simplest method to find cheaper rates involves getting comparison quotes online.
Online shopping is fast and free, and it makes it obsolete to drive around to different San Diego agent offices. Buying insurance online eliminates this option unless you require the extra assistance only provided by licensed San Diego agents. If you prefer, some companies allow you to comparison shop your insurance online but still have the advice of a local agent. When comparison shopping, quoting more helps increase your odds of locating the best rates.
The car insurance companies shown below are ready to provide free quotes in San Diego, CA. If several companies are displayed, we recommend you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Venza 2WD 4-Dr||$370||$766||$574||$34||$172||$1,916||$160|
|Venza AWD 4-Dr||$238||$426||$442||$26||$132||$1,264||$105|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can lower or raise rates significantly.
Full coverage versus liability-only in San Diego
The illustration below shows the comparison of Toyota Venza insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no violations or claims, $1,000 deductibles, single male driver, and no policy discounts are applied.
Should you be buying full coverage?
There is no clear-cut rule of when to drop full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Toyota Venza settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 a year to have full coverage, then it could be time to drop full coverage.
There are some conditions where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Which is the best insurance?
Keep in mind that when it comes to choosing adequate coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s needs are different.
For instance, these questions might point out if your situation would benefit from an agent’s advice.
- Do I have newly-aquired coverage?
- Does rental coverage apply when I am renting a car?
- Do I have coverage for damage caused while driving under the influence?
- Is my son or daughter covered when driving my car?
- Am I covered if I have no license?
- Where can I find high-risk insurance?
- Are my tools covered if they get stolen from my vehicle?
- What is the difference between personal and commercial auto insurance policies?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Is my ex-spouse still covered by my policy?
If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Auto insurance agents can find coverage gaps
Certain consumers just prefer to have an agent’s advice and we recommend doing that A good thing about price shopping on the web is you can get lower rates and still have an agent to talk to. Putting coverage with local insurance agents is still important in San Diego.
After filling out this short form, your information is submitted to companies in San Diego who want to provide quotes and help you find cheaper coverage. There is no need to contact an agency because quoted prices will be sent directly to your email. You can find better rates without a big time investment. In the event you want to compare rates from one company in particular, you would need to navigate to their website and fill out the quote form the provide.
San Diego auto insurance agents are either independent or exclusive
If you want to use a reliable insurance agent, you should know the different types of agents and how they work. Auto insurance agents in San Diego may be either independent (non-exclusive) or exclusive.
Independent Auto Insurance Agents
Independent insurance agents are not locked into one company and that enables them to quote your coverage with an assortment of companies and find the cheapest auto insurance rates. If premiums increase, your policy is moved internally which makes it simple for you.
When shopping rates, we recommend you compare quotes from several independent insurance agents to have the best price comparison.
Below is a partial list of independent insurance agents in San Diego that may be able to provide price quotes.
Nationwide Insurance: Richard Turner Insurance Agency
3443 Camino del Rio S #221 – San Diego, CA 92108 – (619) 296-6222 – View Map
Leavitt Group – Leavitt Insurance Agency of San Diego
3636 Nobel Dr #100 – San Diego, CA 92122 – (858) 436-2441 – View Map
6363 Greenwich Dr #120 – San Diego, CA 92122 – (858) 457-5720 – View Map
Exclusive Insurance Agents
Exclusive insurance agents generally can only insure with one company such as State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. These agents are very knowledgeable in insurance sales which helps them sell on service rather than price.
Below are exclusive agencies in San Diego that are able to give price quotes.
Mike Foley – State Farm Insurance Agent
5210 Balboa Ave, Ste A1 – San Diego, CA 92117 – (858) 277-1400 – View Map
Bill Flanigan – State Farm Insurance Agent
8888 Clairemont Mesa Blvd n – San Diego, CA 92123 – (858) 279-2173 – View Map
Val Myers – State Farm Insurance Agent
12925 El Camino Real, Ste J26 – San Diego, CA 92130 – (858) 481-0401 – View Map
Finding the right insurance agent needs to be determined by more than just a cheap quote. The following questions are important to ask.
- Do they specialize in personal lines coverage in San Diego?
- Is assistance available after office hours?
- Where would glass claims be handled in San Diego?
- Are there any extra charges for paying monthly?
- What insurance company do they write the most business with?
- If you have an accident, will your rates go up?
Upon getting positive responses to your questions as well as offering an affordable quote, you may have just found an auto insurance agent that meets the requirements to properly insure your vehicles. Just remember it’s your policy and you can cancel a policy whenever you want so don’t feel that you are obligated to a specific agent with no way to switch.
Car insurance 101
Learning about specific coverages of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.
Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things such as crashing into a building, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible on your Venza to get cheaper collision coverage.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many California drivers only carry the minimum required liability limits (California limits are 15/30/5), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages are set the same as your liability limits.
Liability insurance can cover damage or injury you incur to other people or property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 15/30/5 that means you have a $15,000 limit per person for injuries, $30,000 for the entire accident, and $5,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for claims such as repair costs for stationary objects, structural damage, medical expenses, medical services and legal defense fees. How much coverage you buy is up to you, but you should buy as large an amount as possible. California state law requires minimum liability limits of 15/30/5 but you should consider buying more liability than the minimum.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for rehabilitation expenses, X-ray expenses and funeral costs. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like hail damage, theft and vandalism. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
One last thing to lower rates
You just learned many ways to compare Toyota Venza insurance prices in San Diego. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the most savings is with a smaller regional carrier.
Affordable Toyota Venza insurance in San Diego is possible online in addition to many San Diego insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not offer online quoting and many times these smaller providers work with independent agents.
People leave their current company for a variety of reasons including denial of a claim, policy non-renewal, delays in paying claims and even unfair underwriting practices. Regardless of your reason, switching companies can be easier than you think.
Even more information is located in the articles below:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for Active Military in San Diego? (FAQ)
- Who Has Cheap Auto Insurance for a Honda CR-V in San Diego? (FAQ)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- What is Gap Insurance? (Insurance Information Institute)