Statistics show that the majority of drivers have stayed with the same insurance company for well over three years, and just short of a majority have never compared rates with other companies. With the average car insurance premium being $1,847, American drivers could save about $860 a year by just comparing quotes, but most tend to underestimate the amount of money they would save if they switched.
It takes a little time, but the best way to save on car insurance rates is to compare prices regularly from insurers who provide auto insurance in Arlington.
First, learn about how companies set rates and the things you can control to prevent expensive coverage. Many things that cause high rates such as high-risk driving behaviors and a not-so-good credit history can be improved by making minor driving habit or lifestyle changes.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while independent agents can provide rate quotes from many different companies.
Third, compare the new rate quotes to the price on your current policy to see if a cheaper price is available. If you can save money and buy the policy, make sure coverage does not lapse between policies.
A good tip to remember is that you use the same deductibles and limits on every quote and and to compare as many different companies as possible. This guarantees the most accurate price comparison and a thorough selection of prices.
Good Decisions Result in Lower Insurance Rates
Many things are used when you get a price on insurance. Some are obvious like a motor vehicle report, but other factors are more transparent such as your credit history or your commute time.
Cars with good safety ratings are cheaper to insure – Vehicles with good safety scores tend to have better insurance rates. Vehicles engineered for safety result in less severe injuries and fewer serious injuries means lower claim amounts passed on to you as lower rates.
Consolidate and save – Lots of insurers allow a discount to buyers that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s always a smart idea to compare other Arlington Yaris insurance rates to guarantee you are still saving the most.
Your location is important – Living in areas with lower population can be a good thing if you are looking for the lowest rates. City drivers have more traffic problems and much longer commute distances. Less people living in that area corresponds to lower accident rates in addition to fewer liability claims.
Insurance rates are higher for high performance vehicles – The make and model of the vehicle you are insuring makes a big difference in your rates. Smaller low performance passenger vehicles usually have the lowest premiums, but other factors influence the final cost greatly.
The following chart uses these assumptions: single male driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Toyota Yaris car insurance rates compared to other makes and models that have a range of performances.
Gender matters – Statistics demonstrate that females tend to be a little less risky than males. The data does not necessarily mean that females are better at driving than males. They both are in accidents in similar percentages, but the men have accidents that have higher claims. Men also get cited for more serious violations such as DWI and reckless driving.
The illustration below compares Toyota Yaris insurance prices for male and female drivers. The data is based on no claims or driving citations, full physical damage coverage, $500 deductibles, single status, and no additional discounts are factored in.
Cheaper rates after marriage – Getting married may cut your premiums on auto insurance. Marriage usually means you are more stable financially and insurance companies like that married drivers tend to file fewer claims.
Toyota Yaris claim probability – Auto insurance companies study historical loss data when setting premium prices. Vehicles that the statistics show to have higher number or severity of losses will have increased rates. The table shown below demonstrates the historical insurance loss data for Toyota Yaris vehicles.
For each policy coverage type, the claim probability for all vehicles, as a total average, is equal to 100. Values that are 100 or less suggest losses that are better than average, while values over 100 indicate more frequent claims or an increased probability of a larger loss.
| Specific Toyota Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Yaris | 94 | 88 | 92 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
When shopping for Toyota Yaris insurance in Arlington there are multiple ways of comparing rate quotes from car insurance companies in your area. The easiest way by far to compare rates consists of shopping online.
It’s so fast and easy to compare quotes online that it makes it a waste of time to drive around to each insurance agency near you. Quoting and buying Toyota Yaris insurance online can eliminate the need for a local agent unless you want the trained guidance of a local Arlington agent. Although you can price shop your coverage online and have a local agent actually service the policy. When price shopping your coverage, more quotes helps increase your odds of locating more affordable rates.
The companies shown below are ready to provide free rate quotes in Arlington, TX. If multiple companies are listed, we suggest you click on several of them to get the lowest price.
Coverage statistics and figures
The rate information displayed next outlines detailed analysis of insurance rates for Toyota Yaris models. Having knowledge of how auto insurance premiums are formulated can be of help when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $284 | $610 | $582 | $34 | $174 | $1,684 | $140 |
| Yaris 4-Dr Hatchback | $284 | $610 | $514 | $30 | $154 | $1,592 | $133 |
| Yaris 4-Dr Sedan | $284 | $610 | $514 | $30 | $154 | $1,592 | $133 |
| Yaris S 2-Dr Hatchback | $326 | $610 | $582 | $34 | $174 | $1,726 | $144 |
| Yaris S 4-Dr Hatchback | $326 | $610 | $514 | $30 | $154 | $1,634 | $136 |
| Yaris S 4-Dr Sedan | $326 | $610 | $514 | $30 | $154 | $1,634 | $136 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in vehicle location which can impact auto insurance rates significantly.
Where to set your deductibles
One frequently asked question is what deductibles to buy. The following tables may help to conceptualize the differences in price when you select higher and lower policy deductibles. The first set of rates uses a $100 deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $286 | $592 | $430 | $26 | $128 | $1,487 | $124 |
| Yaris 4-Dr Hatchback | $286 | $592 | $382 | $22 | $114 | $1,421 | $118 |
| Yaris 4-Dr Sedan | $286 | $592 | $382 | $22 | $114 | $1,421 | $118 |
| Yaris S 2-Dr Hatchback | $328 | $592 | $430 | $26 | $128 | $1,529 | $127 |
| Yaris S 4-Dr Hatchback | $328 | $592 | $382 | $22 | $114 | $1,463 | $122 |
| Yaris S 4-Dr Sedan | $328 | $592 | $382 | $22 | $114 | $1,463 | $122 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $208 | $400 | $430 | $26 | $128 | $1,192 | $99 |
| Yaris 4-Dr Hatchback | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Yaris 4-Dr Sedan | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Yaris S 2-Dr Hatchback | $240 | $400 | $430 | $26 | $128 | $1,224 | $102 |
| Yaris S 4-Dr Hatchback | $240 | $400 | $382 | $22 | $114 | $1,158 | $97 |
| Yaris S 4-Dr Sedan | $240 | $400 | $382 | $22 | $114 | $1,158 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rates do not factor in specific garaging location which can affect coverage prices greatly.
We can derive from the above data that using a $100 deductible costs an average of $25 more each month or $300 each year across all Toyota Yaris models than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 16 months between claims, you would save more money if you elect the higher deductible.
How to calculate deductible break even period
| Average monthly premium for $100 deductibles: | $122 |
| Average monthly premium for $500 deductibles (subtract): | – $97 |
| Monthly savings from raising deductible: | $25 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $25 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
An important sidenote is that raising deductibles to save money means you will have to pay more when you file a claim. You need to have some extra funds in order to pay the deductible to have repairs made.
The diagram below shows how different deductible levels and can affect Toyota Yaris insurance costs for different age groups. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
Irresponsible driving raises your rates
The chart below illustrates how violations and at-fault collisions can affect Toyota Yaris car insurance rates for each age group. The information is based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.
Do you need full coverage?
The example below compares Toyota Yaris auto insurance costs with full physical damage coverage compared to only buying liability only. Data assumes a clean driving record, no claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.
Should you pay for full coverage?
There is no exact formula of when to drop physical damage coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s assume your Toyota Yaris settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after paying your deductible. If it’s costing you more than $600 annually to have full coverage, then it might be time to buy liability only.
There are some scenarios where removing full coverage is not recommended. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
Insuring your vehicle just makes sense
Despite the potentially high cost of Toyota Yaris insurance, insuring your vehicle may be required for several reasons.
First, the majority of states have mandatory liability insurance requirements which means state laws require a specific level of liability coverage if you want to drive legally. In Texas 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.
Second, if you bought your vehicle with a loan, most lenders will stipulate that you have insurance to protect their interest in the vehicle. If you default on your policy, the lender will be forced to insure your Toyota at a much higher rate and force you to pay for it.
Third, insurance protects both your assets and your vehicle. Insurance will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your auto insurance policy will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance outweigh the cost, specifically if you ever have a liability claim. An average driver in America overpays more than $865 each year so shop around each time the policy renews to save money.
Car insurance rates and discounts
Car insurance companies don’t always list every discount very well, so the below list has some of the more common and the more hidden savings tricks you should be using when you buy Arlington auto insurance online.
- Safe Driver Discount – Insureds without accidents can pay as much as 50% less than less cautious drivers.
- College Student Discount – Any of your kids who are attending college and leave their car at home can be insured at a reduced rate.
- Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
- Air Bags and Passive Restraints – Vehicles with factory air bags or motorized seat belts could see savings of 25 to 30%.
- Waiver for an Accident – Not really a discount, but a handful of insurance companies will let one accident slide before hitting you with a surcharge if your claims history is clear for a specific time period.
- Senior Citizens – Drivers that qualify as senior citizens could receive reduced rates.
- Telematics Data Discounts – Insureds that choose to allow their car insurance company to monitor driving manner remotely like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they have good driving habits.
A little disclaimer on discounts, most credits do not apply to your bottom line cost. Most cut the price of certain insurance coverages like comp or med pay. So even though you would think it’s possible to get free car insurance, company stockholders wouldn’t be very happy.
The example below shows the comparison of Toyota Yaris car insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a female driver, a clean driving record, no at-fault accidents, Texas 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 safe-driver, claim-free, multi-car, marriage, homeowner, and multi-policy discounts applied.
Companies that may include many of the previously listed discounts include:
Before purchasing a policy, check with each company which discounts you qualify for. A few discounts may not apply to policyholders in every state. If you would like to see a list of insurers that have a full spectrum of discounts in Arlington, follow this link.
Compare rates but buy from a local Arlington insurance agency
Many people just prefer to have an agent’s advice. The best thing about comparing insurance prices online is that you can find the lowest rates and also buy local. Supporting neighborhood insurance agencies is still important in Arlington.
By using this form (opens in new window), your information is instantly submitted to local insurance agents in Arlington who will give you bids for your business. You won’t need to drive around because quoted prices will be sent to you directly. It’s the lowest rates without a big time investment. If for some reason you want to get a comparison quote for a specific company, you can always go to their quote page and give them your coverage information.
Choose an insurance agent wisely
If you want to buy car insurance from a reputable insurance agent or broker, it can be helpful to understand the types of insurance agents that you can select. Agencies in Arlington are classified as either exclusive or independent agents depending on their company appointments.
Independent Agents (or Brokers)
Independent agents can sell policies from many different companies so they have the ability to put coverage with an assortment of companies depending on which coverage is best. If you want to switch companies, your agent can switch companies and you don’t have to do anything. When comparing car insurance rates, it’s a good idea to get insurance quotes from multiple independent agents to ensure the widest selection of prices.
Below is a partial list of independent agencies in Arlington that may be able to give you comparison quotes.
Business Insurance Tech
1807 W Park Row Dr B – Arlington, TX 76013 – (817) 261-5571 – View Map
Pattillo Insurance Agency
3825 W Green Oaks Blvd Suite 250 – Arlington, TX 76016 – (972) 218-1723 – View Map
Surefire Insurance Agency
2300 W Division St Suite 150 – Arlington, TX 76012 – (817) 459-0005 – View Map
Exclusive Insurance Agents
Exclusive insurance agents can only quote rates from one company and examples are Allstate, Farmers Insurance or State Farm. They usually cannot provide rate quotes from other companies so always compare other rates. These agents are usually well trained on their company’s products which helps them sell insurance even at higher premiums.
The following are Arlington exclusive agents that are able to give price quotes.
Bry Acker Agency – Farmers Insurance
2430 N Davis Dr Suite 106 – Arlington, TX 76012 – (817) 453-0872 – View Map
Jeremy Normand State Farm®
3000 S Cooper St – Arlington, TX 76015 – (817) 465-6292 – View Map
Randy McCoy – State Farm Insurance Agent
1730 W Randol Mill Rd #160 – Arlington, TX 76012 – (817) 274-1324 – View Map
Choosing an insurance agency requires you to look at more than just a cheap price quote. These are some valid questions you should ask.
- What are their preferred companies if they are an independent agency?
- Will you work with the agent or an assistant?
- Will they give you a referral list?
- Do you qualify for any additional discounts?
- How long have they worked with personal auto insurance coverage?
- How long has the business existed?
- Do they have designations such as AIC, CPCU, or CIC?
- Is assistance available after office hours?
Once you have reasonable responses to any questions you may have and cheap Yaris insurance quotes, you’ve probably found a car insurance agent that is professional and can properly insure your vehicles. Just keep in mind you are able to cancel a policy whenever you wish so never feel that you are permanently stuck with your new company with no way out.
Tailor your car insurance coverage to you
When it comes to buying your policy, there is no “best” method to buy coverage. Everyone’s needs are different.
Here are some questions about coverages that can aid in determining whether or not you may require specific advice.
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Is my Toyota Yaris covered for flood damage?
- Do I need added coverage for expensive stereo equipment?
- How do I insure my teen driver?
- At what point should I drop full coverage?
- Which companies will insure me after a DUI?
- Is my babysitter covered when using my vehicle?
If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.
Cheap auto insurance rates are out there
People switch companies for a number of reasons such as high rates after DUI convictions, not issuing a premium refund, policy cancellation and even poor customer service. Regardless of your reason, finding a great new company is pretty simple and you could end up saving a buck or two.
Low-cost Toyota Yaris insurance in Arlington is possible from both online companies and also from your neighborhood Arlington agents, so you need to shop Arlington auto insurance with both to have the best selection. A few companies do not offer rate quotes online and most of the time these regional insurance providers work with independent insurance agencies.
As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed full coverage only to regret at claim time they didn’t have enough coverage. Your strategy should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.
To learn more, feel free to visit the resources below:
- Medical Payments Coverage (Liberty Mutual)
- Who Has Affordable Auto Insurance Rates for a Toyota Corolla in Arlington? (FAQ)
- Who Has Cheap Arlington Car Insurance for Drivers Under 25? (FAQ)
- Who Has Cheap Auto Insurance for a Ford Explorer in Arlington? (FAQ)
- Who Has Affordable Auto Insurance for Lyft Drivers in Arlington? (FAQ)
- How Much are Auto Insurance Quotes for a Learners Permit in Arlington? (FAQ)
- Who Has Affordable Arlington Auto Insurance for Drivers with Accidents? (FAQ)
- What is a Telematics Device? (Allstate)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- How Much Auto Coverage do I Need? (Insurance Information Institute)