How to Compare Bakersfield Toyota Venza Insurance

Want to learn how to save money and find lower-priced Toyota Venza insurance in Bakersfield? Sick and tired of sacrificing to pay car insurance each month? You are in the same boat as many other California consumers.

It’s an obvious conclusion that auto insurance companies don’t want you to compare rates. Insureds who shop around for a cheaper policy will presumably buy a new policy because there is a good chance of finding a cheaper policy. A recent car insurance study discovered that people who compared rates annually saved $3,400 over four years compared to people who never shopped around.

If finding the lowest price for insurance is your objective, then learning a little about the best way to shop and compare coverages can help simplify the task of finding more affordable coverage. There are many insurance companies to insure vehicles with, and although it’s a good thing to have a choice, having more insurers makes it harder to compare rates and cut insurance costs.

It is always a good idea to price shop coverage on a regular basis because car insurance prices are usually higher with each renewal. Even if you got the lowest quotes on Toyota Venza insurance in Bakersfield two years ago other companies may now be cheaper. Ignore everything you know about car insurance because I’m going to teach you the fastest and easiest way to find lower rates on car insurance.

The method we recommend to get policy rate comparisons for Toyota Venza insurance in Bakersfield is to know the trick most insurance companies pay for the opportunity to give free rates quotes. The one thing you need to do is give the companies some data including types of safety features, if you have an active license, which vehicles you own, and whether or not you need a SR-22. Your insurance information is then sent to many of the top insurers and they return rate quotes very quickly.

To find lower lower-cost Toyota Venza insurance rates now, click here and see if a lower rate is available in Bakersfield.

The auto insurance companies shown below offer free quotes in California. If multiple companies are listed, we suggest you visit two to three different companies to get a more complete price comparison.

Auto insurance protects more than just your car

Even though it’s not necessarily cheap to insure a Toyota in Bakersfield, insuring your vehicle is required in California but it also protects you in many ways.

• Almost all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability insurance in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a lien on your vehicle, more than likely the lender will force you to buy full coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Toyota at a significantly higher premium and force you to pay much more than you were paying before.
• Insurance safeguards not only your Toyota but also your financial assets. Insurance will pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of having auto insurance definitely exceed the price paid, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver overpays as much as $750 every year so it’s very important to do a rate comparison at every renewal to ensure rates are competitive.

Rates and statistics

The rate table shown next showcases a range of insurance policy prices for Toyota Venza models. Learning as much as possible about how rate quotes are calculated is important to be able to make informed decisions when comparing rates.

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in Bakersfield location which can increase or decrease coverage rates substantially.

Should you raise deductibles?

One of the most common car insurance questions is the level to set your comp and collision deductibles. The following tables can help illustrate the differences in premium rates when you buy lower versus higher comp and collision deductibles. The first price estimate table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Information does not factor in vehicle garaging location which can raise or lower auto insurance rates greatly.

We can estimate from the data above that using a $250 deductible will cost you roughly $36 more each month or $432 annually than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 21 months between claims, you would probably save some money if you choose a higher deductible. Here is a better example of how you can make this decision for your own policy.

An important thing to remember is that increasing deductibles to lower your rates means you will have to pay more when you have a claim. That will necessitate enough money stashed away in the event you have to pay the higher deductible in order to repair your vehicle.

Male drivers versus female drivers

The information below compares Toyota Venza yearly insurance costs for male and female drivers. The prices are based on no claims or violations, comp and collision included, $500 deductibles, single status, and no additional discounts are factored in.

Cost comparison with and without full coverage

The chart below illustrates the comparison of Toyota Venza insurance rates with and without full coverage. The rate quotes are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no clear-cut rule to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Toyota Venza book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the deductible is paid. If you are currently paying more than $600 a year for full coverage, then it could be time to drop full coverage.

There are a few cases where buying only liability insurance is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Cheap Bakersfield car insurance rates with discounts

Companies offering auto insurance do not list every policy discount in an easy-to-find place, so we break down a few of the more well known and the harder-to-find credits that may apply to you.

• Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in school.
• Multi-car Discount – Having primary and secondary vehicles on one policy can get a discount for every vehicle.
• Student Discounts – Getting good grades can be rewarded with saving of up to 25%. The discount lasts until age 25.
• 55 and Retired – Mature drivers could receive reduced rates.
• Club Memberships – Affiliation with qualifying clubs or civic groups could trigger savings when getting a Bakersfield car insurance quote.
• Paper-free Discount – Some insurance companies may give you up to $50 for buying a policy and signing up on their website.
• College Student – Any of your kids who are enrolled in a college that is more than 100 miles from Bakersfield and do not have a car could qualify for this discount.

As is typical with insurance, many deductions do not apply to your bottom line cost. Some only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, companies wouldn’t make money that way. Any qualifying discounts should definitely cut the premium cost.

The example below compares Toyota Venza annual premium costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no accidents, no driving violations, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-policy, claim-free, and multi-car discounts applied.

Large car insurance companies and the discounts they provide are included below.

• Progressive may include discounts for good student, homeowner, online quote discount, continuous coverage, online signing, and multi-vehicle.
• Farmers Insurance has discounts for distant student, pay in full, early shopping, bundle discounts, mature driver, and switch companies.
• Farm Bureau has savings for driver training, youthful driver, good student, renewal discount, multi-vehicle, and 55 and retired.
• State Farm policyholders can earn discounts including driver’s education, multiple autos, Drive Safe & Save, defensive driving training, good student, Steer Clear safe driver discount, and passive restraint.
• GEICO offers premium reductions for five-year accident-free, multi-policy, anti-theft, emergency military deployment, anti-lock brakes, federal employee, and seat belt use.
• SAFECO offers discounts for teen safety rewards, anti-theft, multi-car, safe driver, and drive less.
• Liberty Mutual discounts include safety features, multi-policy, hybrid vehicle, newly retired, and preferred payment discount.

When comparing rates, check with each company or agent the best way to save money. A few discounts may not apply to policyholders in your state. To choose car insurance companies with the best discounts in Bakersfield, click this link.

Bakersfield auto insurance companies

Insuring your vehicle with the right auto insurance company can be difficult considering how many different companies there are to choose from in California. The information shown next could help you decide which auto insurance companies to look at when looking for cheaper rates.

Top 10 Bakersfield Car Insurance Companies Ranked by Claims Service

1. AAA of Southern California
2. State Farm
3. Esurance
4. AAA Insurance
5. Progressive
6. Liberty Mutual
7. GEICO
8. Allstate
9. Titan Insurance
10. The Hartford

Top 10 Bakersfield Car Insurance Companies Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA of Southern California – 92%
4. AAA Insurance – 91%
5. Nationwide – 90%
6. State Farm – 90%
7. The Hartford – 89%
8. GEICO – 89%
9. The General – 88%
10. 21st Century – 88%