Compare Toyota Avalon Insurance Rates in Arlington

Discount Toyota Avalon insuranceAnyone knows that car insurance companies don’t want you to compare rates. Drivers who shop rates annually will probably switch companies because there is a good probability of finding a policy with better rates. A survey found that people who compared rates once a year saved approximately $72 a month compared to those who don’t regularly compare prices.

If finding the cheapest rates on Toyota Avalon insurance in Arlington is why you’re here, then learning about how to get rate quotes and compare insurance coverage can help you be more efficient.

If saving money is your primary concern, then the best way to get discount Toyota Avalon insurance is to compare prices regularly from providers in Arlington.

The key thing to know about shopping around is to use identical limits and deductibles on each price quote and to quote with as many auto insurance providers as possible. Doing this provides a fair price comparison and a thorough price selection.

Rate information and statistics

The coverage table below outlines a range of insurance costs for Toyota Avalon models. Learning a little about how rates are calculated can be useful when making informed decisions when comparing rate quotes.


Toyota Avalon Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $262 $392 $330 $20 $98 $1,102 $92
Avalon XLS $262 $462 $330 $20 $98 $1,172 $98
Avalon Limited $292 $462 $330 $20 $98 $1,202 $100
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Prices do not factor in Arlington location which can increase or decrease coverage prices greatly.

Physical damage deductibles: Should you raise them?

One common question asked by Arlington drivers is how high should the physical damage deductibles be. The comparisons below can help show the rate difference of buying low and high policy deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.


Toyota Avalon insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $370 $592 $324 $20 $96 $1,427 $119
Avalon XLS $370 $698 $324 $20 $96 $1,533 $128
Avalon Limited $412 $698 $324 $20 $96 $1,575 $131
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Toyota Avalon insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalon XL $206 $312 $324 $20 $96 $958 $80
Avalon XLS $206 $368 $324 $20 $96 $1,014 $85
Avalon Limited $228 $368 $324 $20 $96 $1,036 $86
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Rates do not factor in the specific area where the vehicle is garaged which can lower or raise coverage prices significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $42 more each month or $504 a year averaged for all Avalon models than opting for the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 21 months between claim filings, you would probably save some money going with the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $126
Average monthly premium for $1,000 deductibles (subtract): – $84
Monthly savings from raising deductible: $42
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $42
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One thing to be aware of is that a higher deductible level means you will have to cover more of the damage yourself when you have a physical damage claim. That will require some non-essential savings in the event you need to pay the deductible to have repairs made.

Price comparison of only insuring for liability

The chart below illustrates the difference between Toyota Avalon annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims, a clean driving record, $250 deductibles, single marital status, and no discounts are applied to the premium.

When to drop comprehensive and collision coverage

There is no written rule for dropping physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Toyota Avalon settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying your deductible. If it’s costing you more than $200 annually to have full coverage, then you may want to consider only buying liability coverage.

There are a few cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Smart Buyers Save on Insurance

Many different elements are used when quoting car insurance. Some are pretty understandable such as traffic violations, although others are less apparent such as your marital status or how financially stable you are. Part of the auto insurance buying process is learning some of the factors that help determine your auto insurance rates. If you have a feel for what determines premiums, this allows you to make educated decisions that can help you get cheaper rates.

The higher your credit score the lower your prices – Having a good credit score is a large factor in determining premium rates. If your credit leaves room for improvement, you could be paying less to insure your Toyota Avalon if you clean up your credit. People that have very good credit scores tend to be more responsible than drivers with worse credit.

Age of drivers – Older people are more responsible, cost insurance companies less in claims, and usually have better credit. Young drivers have been known to be less responsible behind the wheel so auto insurance rates are higher.

The chart below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Never let your auto insurance expire – Driving with no insurance is a big no-no and you will pay a penalty because you let your insurance expire. In addition to paying higher rates, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.

Careless driving means higher premiums – Good drivers get better rates than their less careful counterparts. Even one driving citation can increase rates forty percent or more. Drivers who get dangerous violations like reckless driving or DUI might be required by their state to complete a SR-22 with their state’s department of motor vehicles in order to continue driving.

The diagram below highlights how speeding tickets and at-fault accidents can drive up Toyota Avalon auto insurance rates for each different age category. The premiums assume a single male driver, full coverage, $1,000 deductibles, and no discounts are factored in.

Toyota Avalon statistical loss data – Auto insurance companies use historical loss data to help set a rate to offset losses. Vehicles that the data shows to have higher frequency or amount of claims will have higher rates for specific coverages. The table below outlines the actual insurance loss data for Toyota Avalon vehicles.

For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is set at 100. Values under 100 mean the vehicle has better than average losses, while values that are above 100 indicate higher probability of having a loss or statistically larger claims.


Toyota Avalon Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Avalon 113 72 112 106 98 74
Toyota Avalon Hybrid 120 72 132 107 85 80
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

The most affordable rates come from being thorough

Discount Toyota Avalon insurance in Arlington can be purchased from both online companies and with local Arlington insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance companies may not offer online price quotes and these smaller providers prefer to sell through independent agencies.

When shopping online for auto insurance, don’t be tempted to skimp on coverage in order to save money. There are many occasions where consumers will sacrifice full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to buy enough coverage at the best price.

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