It takes a little time, but the best way to get cheaper Toyota Venza insurance is to compare prices regularly from companies in Baltimore. You can shop around by following these steps.
First, try to learn about how auto insurance works and the modifications you can make to drop your rates. Many risk factors that cause high rates such as high-risk driving behaviors and a substandard credit history can be rectified by improving your driving habits or financial responsibility.
Second, compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can quote rates from multiple companies.
Third, compare the new rates to the price on your current policy and see if you can save money. If you can save money, make sure coverage does not lapse between policies.
Fourth, provide adequate notice to your current company of your intention to cancel your current auto insurance policy and submit any necessary down payment along with the completed application to the new company. As soon as you can, put the new certificate verifying proof of insurance in your glove compartment.
An important bit of advice to remember is that you’ll want to compare the same liability limits and deductibles on each quote and and to get price estimates from all possible companies. Doing this enables a fair price comparison and a better comparison of the market.
It’s a known fact that car insurance companies don’t want policyholders to compare prices from other companies. People who compare other rates will probably switch to a new company because there is a great chance of finding coverage at a cheaper rate. A study discovered that people who routinely compared quotes saved $72 a month compared to people who never shopped around for lower prices.
If finding the lowest rates on insurance in Baltimore is why you’re here, then learning a little about the best ways to find and compare insurance rates can save time, money, and frustration.
If you are paying for car insurance now, you will be able to save money using the ideas you’re about to read. Pricing the best insurance policy in Baltimore is not as difficult as people think. Nevertheless, Maryland drivers must learn how insurance companies determine how much to charge because it can help you find the best coverage.
Get Cheap Insurance Rates by Understanding These Factors
Many factors are considered when you get a price on insurance. Most are fairly basic such as traffic violations, although others are more transparent such as your credit history or your financial responsibility. Part of the car insurance buying process is learning the factors that are used to determine your policy premiums. When you understand what determines premiums, this enables informed choices that will entitle you to lower rates.
Pay more for higher performance vehicles – The type of car or truck you are insuring makes a big difference in how high your rates are. The lowest base rates are usually found on the lowest performance passenger cars, but there are many factors that impact the final cost.
The following data uses these assumptions: single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Toyota Venza policy rates compared to other models of vehicles that have a range of performance risks.
Cheaper rates with high coverage deductibles – Comp and collision deductibles state the amount of money you are willing to pay out-of-pocket if you file a covered claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are rear-ending another vehicle, collision with a deer, and damage caused by road hazards. The more damage repair cost you are required to pay out-of-pocket, the bigger discount you will receive.
Rental and towing coverage may not be needed – Insurance policies have a lot of additional coverages you can purchase if you aren’t careful. Coverages like vanishing deductibles, towing coverage, and extra life insurance coverage are probably not needed. You may think they are a good idea initially, but if you don’t need them get rid of them and save.
Amount of liability – Liability coverage will afford coverage when you are ruled to be at fault for causing damage or personal injury in an accident. It will provide you with a defense in court to defend your case. Liability is cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
Safer vehicles means better rates – Cars with five star safety ratings tend to have better insurance rates. Highly rated vehicles protect occupants better and any reduction in injury severity means less money paid by your insurance company and cheaper rates on your policy.
How your age affects premiums – More mature drivers have been proven to be more responsible, are lower risk to insure, and usually have better credit. Beginning drivers are proven to be less responsible with other occupants in the car so car insurance rates are higher.
The data below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Insurance loss probability for a Toyota Venza – Insurers factor in insurance loss information to calculate a price that will offset any claims. Models that the data shows to have a trend towards higher claims will have higher premium rates.
The table below demonstrates the actual insurance loss data for Toyota Venza vehicles. For each policy coverage, the loss probability for all vehicles, as an average, equals 100. Numbers that are below 100 suggest a positive loss record, while numbers that are greater than 100 indicate a higher chance of having a claim or statistically larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Venza 4dr 2WD||93||102||86||115||110||93|
|Toyota Venza 4dr 4WD||94||102||97||120||94||87|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
How to lower your Toyota Venza insurance cost in Baltimore
Most companies such as State Farm, Allstate and GEICO make it easy to get prices online. Getting online rates for Toyota Venza insurance in Baltimore is quite simple as all you need to do is type in your required coverages into the quote form. When complete, their rating system gets reports for credit and driving violations and quotes a price based on these factors.
This makes comparing rates easy, and it’s necessary to get many rate quotes in order to find the most affordable premium on car insurance.
To get comparison pricing now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended that you enter the insurance coverages as close as possible to your current policy. Using the same limits helps guarantee you’re receiving a price comparison using the same coverage and limits.
The providers in the list below are our best choices to provide free quotes in Maryland. If you wish to find cheap car insurance in Maryland, we suggest you click on several of them to get a more complete price comparison.
Toyota Venza coverage statistics
The premium information shown next outlines detailed analysis of insurance premium costs for Toyota Venza models. Learning more about how insurance prices are established can help you make smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Venza 2WD 4-Dr||$170||$334||$390||$24||$116||$1,034||$86|
|Venza AWD 4-Dr||$170||$334||$390||$24||$116||$1,034||$86|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in specific location which can affect premiums substantially.
Toyota Venza insurance costs by age and gender
The information below shows the difference between Toyota Venza insurance premiums for male and female drivers. The premiums assume no violations or accidents, full coverage, $500 deductibles, drivers are single, and no other discounts are factored in.
Auto insurance is not optional in Maryland
Despite the high cost of buying insurance for a Toyota Venza in Baltimore, buying auto insurance is a good idea for several reasons.
- Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage if you don’t want to risk a ticket. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you took out a loan on your vehicle, most lenders will force you to buy insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank will be required to insure your Toyota at a much higher rate and make you pay the higher premium.
- Auto insurance preserves both your Toyota Venza and your assets. It will also pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if you cause an accident and are sued. If you have damage to your Toyota as the result of the weather or an accident, your policy will pay to have it repaired.
The benefits of insuring your Venza are without a doubt worth the cost, particularly for liability claims. Today the average American driver is overpaying more than $850 per year so compare quotes from several companies once a year at a minimum to ensure rates are competitive.
Save money on Toyota Venza insurance in Baltimore with these discounts
Insuring your vehicles can cost a lot, but you may find discounts that many people don’t even know exist. Most are applied at the time you complete a quote, but lesser-known reductions have to be specifically requested before you will receive the discount. If you check and find you aren’t receiving every discount possible, you could be paying more than you need to.
- Theft Prevention Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems can help prevent theft and that can save you a little bit as well.
- Employee of Federal Government – Simply working for the federal government may qualify for a discount when you quote Baltimore auto insurance with some car insurance companies.
- Sign Early and Save – Some larger companies reward drivers for switching to them early. It can save you around 10%.
- Low Mileage Discounts – Driving fewer miles can earn lower prices on the low mileage vehicles.
- Payment Discounts – By making one initial payment rather than paying monthly you may reduce your total bill.
You can save money using discounts, but some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like all those discounts means the company will pay you, companies wouldn’t make money that way.
The information below compares Toyota Venza auto insurance rates with and without discounts being applied to the rates. The data is based on a male driver, no tickets, no at-fault accidents, Maryland state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, multi-car, marriage, and safe-driver discounts applied.
To see a list of car insurance companies with discount car insurance rates in Maryland, click this link.
Insurance agencies can give valuable advice
A lot of people would rather buy from a local agent and we recommend doing that One of the benefits of getting online price quotes is that drivers can save money and get the best rates but also keep your business local. And providing support for neighborhood agents is still important in Baltimore.
For easy comparison, once you complete this quick form, the coverage information is submitted to local insurance agents who will give competitive quotes for your car insurance coverage. There is no reason to find an agent on your own as quotes are delivered immediately to you. It’s the lowest rates and a licensed agent to talk to. If for some reason you want to get a rate quote from a particular provider, you can always visit that company’s website and fill out their quote form.
Baltimore auto insurance agents come in two flavors
When researching a reliable insurance agency, you need to know there are two different types of agencies and how they can service your needs differently. Car insurance policy providers can either be independent (non-exclusive) or exclusive.
Agents in the independent channel often have many company appointments so they can quote policies through lots of different companies and find the cheapest rate. If your agent finds better pricing, the agent simply finds a different carrier without you having to go to a different agency.
If you need cheaper car insurance rates, we recommend you include price quotes from at least one independent agent to get the most accurate price comparison. Many can place coverage with smaller mutual companies which can be an advantage.
Below is a short list of independent agents in Baltimore that may be able to give free rate quotes.
- Concrete Insurance
6405 Belair Rd – Baltimore, MD 21206 – (410) 433-0313 – View Map
- Mason and Carter Inc
23 South St – Baltimore, MD 21202 – (410) 539-6767 – View Map
- Rosasco and Yetter Insurance Agency
8831 Satyr Hill Rd #302 – Baltimore, MD 21234 – (410) 661-1440 – View Map
Agents of this type normally can only provide a single company’s rates and examples are State Farm, Allstate and AAA. They generally cannot shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are highly trained on the products they sell which can be an advantage. Consumers frequently buy from exclusive agents mainly due to the prominence of the brand and solid financial strength.
Below are Baltimore exclusive agencies that can give you price quote information.
- Bob Duda – State Farm Insurance Agent
7939 Honeygo Blvd #105 – Baltimore, MD 21236 – (410) 529-2523 – View Map
- GEICO Insurance Agent
7915 Belair Rd – Baltimore, MD 21236 – (410) 882-8200 – View Map
- David Rosario – State Farm Insurance Agent
3121 Eastern Ave – Baltimore, MD 21224 – (410) 850-4949 – View Map
Finding a good insurance agent should depend on more than just the premium amount. Any agent in Baltimore should be willing to answer these questions.
- Can glass claims be handled at your home?
- Do the companies they represent have a solid financial rating?
- Will one accident increase rates?
- Is auto insurance their primary focus in Baltimore?
- How are they compensated?
- Will high miles depreciate repair valuations?
- Will a damage claim use OEM or aftermarket replacement parts?
Once you have reasonable responses to all your questions as well as a price you’re happy with, it’s a good possibility that you have found an auto insurance agent that is a good match to service your policy. Keep in mind you can always cancel your policy at any time so never feel you’re contractually obligated to the car insurance policy for a certain time period.
Which car insurance company is best in Baltimore?
Picking the highest-rated company can be difficult considering how many different companies there are to choose from in Baltimore. The company ratings in the lists below can help you decide which car insurance companies you want to consider when shopping around.
Top 10 Baltimore Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Baltimore Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Which is the best car insurance?
Always remember that when buying a policy, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.
For example, these questions may help you determine whether your personal situation could use an agent’s help.
- Will my rates increase for filing one claim?
- Does my policy cover my teen driver if they drive my company car?
- Does my Toyota Venza qualify for pleasure use?
- What can I do if my company denied a claim?
- How much cheaper are high deductibles?
- Do I need special endorsements for business use of my vehicle?
- Where can I find DUI or SR-22 insurance?
- Is rental equipment covered for theft or damage?
- What is the difference between personal and commercial auto insurance policies?
- Can I rent a car in Mexico?
If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form.
Find cheaper rates by being thorough
You just read quite a bit of information on how to reduce Toyota Venza insurance prices online in Baltimore. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Drivers may even discover the best prices are with a smaller regional carrier.
When shopping online for car insurance, it’s very important that you do not reduce coverage to reduce premium. In too many instances, consumers will sacrifice collision coverage only to regret at claim time that they should have had better coverage. The proper strategy is to buy the best coverage you can find at a price you can afford, but do not skimp to save money.
Some insurance companies do not offer online rate quotes and many times these smaller providers sell through independent agencies. Budget-conscious Toyota Venza insurance is available both online in addition to many Baltimore insurance agents, and you should compare rates from both in order to have the best price selection to choose from.
Much more information about car insurance in Maryland can be found below:
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Who Has Affordable Car Insurance Rates for a Nissan Sentra in Baltimore? (FAQ)
- What Insurance is Cheapest for a Learners Permit in Baltimore? (FAQ)
- What Auto Insurance is Cheapest for College Students in Baltimore? (FAQ)
- Who Has Cheap Baltimore Auto Insurance Quotes for High Risk Drivers? (FAQ)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)