It’s an obvious conclusion that auto insurance companies want to keep you from comparing prices. Insureds who compare price quotes are highly likely to switch to a new company because there is a high probability of finding a lower-cost company. Surprisingly, a recent survey revealed that people who routinely compared rates saved over $3,500 over four years compared to other drivers who don’t regularly compare prices.
If finding the lowest rates on Toyota Sienna insurance is your intention, then having an understanding of the best way to shop and compare cheaper coverage can save time and make the process easier.
If you want to save the most money, the best way to find lower priced Toyota Sienna insurance in Portland is to make a habit of comparing prices annually from companies who sell auto insurance in Oregon. This can be done by completing these steps.
First, try to learn a little about how your policy works and the things you can change to keep rates low. Many rating criteria that cause rate increases such as at-fault accidents, speeding tickets, and a negative credit score can be improved by being financially responsible and driving safely. Continue reading for more details to help keep rates affordable and get bigger discounts.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agents can provide prices from multiple companies.
Third, compare the new rate quotes to your current policy to determine if you can save on Sienna insurance. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.
The key aspect of shopping around is to make sure you enter identical limits and deductibles on each quote request and and to analyze every insurance company. Doing this enables a fair rate comparison and a thorough selection of prices.
Finding and buying the best-priced car insurance coverage in Portland is easy to do. Nearly everyone who has to purchase car insurance should buy a cheaper policy. Although Oregon car owners must learn the way insurance companies calculate your policy premium and use it to find better rates.
The quickest method we recommend to compare rates for Toyota Sienna insurance in Portland is to know the trick most insurance companies will pay a fee to provide you with a free rate quote. To start a quote, the only thing you need to do is spend a couple of minutes providing details such as coverage limits, types of safety features, if you are currently licensed, and your general credit rating. That rating data is sent automatically to many of the top insurers and they return rate quotes with very little delay.
To start a rate quote now, click here and enter the information requested.
The companies shown below provide free rate quotes in Oregon. If multiple companies are listed, we suggest you get rates from several of them to get a more complete price comparison.
Discounts mean cheaper rates for Toyota Sienna insurance in Portland
Some insurance providers don’t always publicize all possible discounts very well, so we researched some of the more common as well as some of the hidden discounts you could be receiving when you buy Portland car insurance online.
- Driver Safety – Taking time to complete a course that instructs on driving safety could save 5% or more if you qualify.
- Data Collection Discounts – Policyholders that allow driving data collection to scrutinize vehicle usage by using a telematic data system such as Progressive’s Snapshot could see a rate decrease as long as they are good drivers.
- Theft Prevention Discount – Cars and trucks optioned with advanced anti-theft systems are stolen less frequently and will save you 10% or more on Sienna insurance in Portland.
- Senior Citizen Rates – If you qualify as a senior citizen, you may qualify for reduced rates.
- Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like GEICO and Allstate will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims prior to being involved in the accident.
- Professional Organizations – Affiliation with a civic or occupational organization in Portland could trigger savings on your next auto insurance statement.
- Include Life Insurance and Save – Some auto insurance companies give a lower premium rate if you buy life insurance from them.
- Distant Student Discount – Any of your kids who are enrolled in higher education away from home and do not have a car can receive lower rates.
- No Claim Discounts – Insureds with no claims or accidents get the best auto insurance rates in comparison with policyholders that have many claims.
Remember that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as comprehensive or collision. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way.
The illustration below shows the difference between Toyota Sienna car insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no accidents, no driving violations, Oregon state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, marriage, claim-free, and multi-car discounts applied.
Larger auto insurance companies and a partial list of their discounts are included below.
- Farm Bureau has savings for 55 and retired, renewal discount, youthful driver, good student, multi-policy, driver training, and safe driver.
- State Farm offers discounts for passive restraint, safe vehicle, defensive driving training, Drive Safe & Save, multiple policy, Steer Clear safe driver discount, and accident-free.
- Progressive policyholders can earn discounts including homeowner, multi-vehicle, multi-policy, online quote discount, online signing, and good student.
- Allstate may have discounts that include early signing, defensive driver, senior citizen, safe driver, resident student, and utility vehicle.
- Nationwide offers discounts including Farm Bureau membership, easy pay, business or organization, anti-theft, defensive driving, and family plan.
- MetLife may offer discounts for multi-policy, good student, defensive driver, good driver, accident-free, and claim-free.
If you want the cheapest Toyota Sienna rate quotes, ask each insurance company to apply every possible discount. A few discounts may not apply to policyholders in Portland.
Premium rates and analysis
The coverage table below outlines estimates of prices for Toyota Sienna models. Learning a little about how auto insurance prices are established can help drivers make smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sienna LE AWD||$118||$222||$306||$18||$92||$756||$63|
|Sienna XLE AWD||$118||$262||$306||$18||$92||$796||$66|
|Sienna Limited AWD||$134||$262||$306||$18||$92||$812||$68|
|Get Your Own Custom Quote Go|
Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in garaging location in Portland which can change rates substantially.
How much more does full coverage cost?
The diagram below illustrates the difference between Toyota Sienna auto insurance costs with full coverage compared to only the Oregon minimum liability coverage. The data assumes no accidents or driving violations, $500 deductibles, drivers are single, and no other discounts are factored in.
When to switch to liability coverage only
There is no written rule for eliminating physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s say your Toyota Sienna replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after you pay the deductible. If you are paying over $700 a year to have full coverage, then you may need to consider dropping full coverage.
There are a few situations where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
The Toyota Sienna Insurance Cost Equation
The best way to find cheaper car insurance is to take a look at some of the elements that play a part in calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that could help you find much lower annual insurance costs. Many different elements are considered when pricing auto insurance. Most are fairly basic such as traffic violations, but other factors are more transparent like your continuous coverage or how financially stable you are.
Insurance premiums and vehicle performance – The performance level of the car, truck or SUV you need insurance for makes a substantial difference in your car insurance bill. Smaller low performance passenger vehicles receive the most favorable rates, but the final cost of insurance is determined by many other factors.
The following data assumes a married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Toyota Sienna policy rates compared to other models of vehicles that have a range of risk factors.
Premiums are lower the older you get – Older insureds are more cautious drivers, file fewer claims, and tend to be get fewer driving tickets. Drivers with little experience tend to be inattentive when behind the wheel so they pay higher car insurance rates.
The chart below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
Increase physical damage deductibles to save – Comprehensive and collision coverage deductibles represent how much money you are required to pay if the claim is covered. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of covered claims are rear-ending another vehicle, hail damage, and damage caused by road hazards. The more you are required to pay out-of-pocket, the bigger discount you will receive.
Good drivers have lower rates – Your driving citation history influences premium rates substantially. Just one speeding ticket or other violation can increase the cost of insurance twenty percent or more. Careful drivers have lower premiums than their less careful counterparts. Drivers who have serious tickets like DWI, reckless driving or hit and run convictions may need to submit a SR-22 form with their state in order to keep their license.
The information below illustrates how traffic citations and accidents can increase Toyota Sienna insurance prices for different age groups of insureds. The costs are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Tough employer may mean higher premiums – Jobs like judges, airline pilots, and financial analysts generally pay the highest average rates because of high stress and lengthy work days. On the flip side, professions such as scientists, historians and homemakers have lower than average premiums.
Costs are affected by your address – Living in a rural area has it’s advantages when trying to find low car insurance rates. Less people living in that area translates into fewer accident claims in addition to fewer liability claims. Drivers in populated Oregon areas have more road rage incidents and higher rates of accident claims. More time behind the wheel means a statistically higher chance of an accident.
Policy lapses lead to higher premiums – Driving without insurance coverage in place is not a good idea and car insurance companies will penalize you for letting your coverage have a gap. Not only will you pay higher rates, failure to provide proof of insurance will get you a fine, jail time, or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with the Oregon department of motor vehicles.
Liability protection preserves assets – Liability coverage will provide protection when you are found to be at fault for damages from an accident. It will provide legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
Toyota Sienna claim statistics – Auto insurance companies use claims history to calculate a rate that will offset losses. Models that historically have a trend towards higher claim severity or frequency will be charged more to insure. The table shown below demonstrates the actual insurance loss data for Toyota Sienna vehicles.
For each policy coverage type, the statistical loss for all vehicles, regardless of make or model, is represented as 100. Percentages below 100 suggest a positive loss record, while percentage numbers above 100 point to more claims or larger claims.
|Vehicle 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: Insurance Institute for Highway Safety for 2013-2015 Model Years
What if I want to buy from local Portland car insurance agents?
Some people just want to get professional advice from a licensed agent. The best thing about comparing rates online is you can get cheaper rates and still have an agent to talk to. Putting coverage with local agencies is especially important in Portland.
To make it easy to find an agent, after completing this simple form, your information gets sent to companies in Portland that can provide free Portland car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to leave your house because quoted prices will be sent to your email. You can find lower rates and work with a local agent. If you want to compare rates for a specific company, feel free to go to their quote page and fill out their quote form.
Choosing an insurance company requires you to look at more than just the premium amount. Here are some questions you should ask.
- Do they prorate repair cost based on vehicle mileage?
- Do they offer rental car reimbursement?
- How long has the business existed?
- Do they assist clients in filing claims?
- Is the agent CPCU or CIC certified?
Compare but don’t skimp
We just covered a lot of ways to shop for Toyota Sienna insurance online. The most important thing to understand is the more price quotes you have, the better your comparison will be. Drivers may even discover the lowest car insurance rates come from the smaller companies.
Drivers change insurance companies for a number of reasons such as unfair underwriting practices, high prices, policy cancellation and being labeled a high risk driver. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.
As you prepare to switch companies, it’s very important that you do not reduce coverage to reduce premium. There are many occasions where an insured cut uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.
Even more information is located in these articles:
- Learn About Car Insurance (GEICO)
- Who Has Affordable Auto Insurance for High Mileage Drivers in Portland? (FAQ)
- What is the Cheapest Auto Insurance in Portland, Oregon? (FAQ)
- What Auto Insurance is Cheapest for a GMC Sierra in Portland? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Teen Driver Statistics (Insurance Information Institute)