Best Insurance for a Toyota Yaris in Baltimore

Insurance rates Toyota Yaris in BaltimoreIf your goal is the lowest price, then the best way to get discount Toyota Yaris insurance is to compare prices regularly from companies that insure vehicles in Baltimore. Prices can be compared by completing these steps.

One thing to remember is that you’ll want to compare the same amount of coverage on each quote request and and to get quotes from as many companies as feasibly possible. Doing this enables a level playing field and a thorough price selection.

It’s shocking but most car insurance policyholders in Maryland have been with the same company for a minimum of four years, and just under half have never shopped around. American insurance shoppers could cut their rates by roughly $859 a year, but they underestimate the amount of savings they would get if they switched to a more affordable policy.

Our objective in writing this article is to help you learn the best methods to compare rates. If you currently have a car insurance policy, you will definitely be able to buy cheaper car insurance using these methods. But Maryland consumers should learn how companies sell online and apply this information to your search.

How to buy Baltimore Toyota Yaris insurance online

The majority of larger companies such as GEICO, State Farm and Progressive make it easy to get prices on the web. The process is pretty painless because it’s just a matter of typing in your required coverages into the quote form. After you submit the form their rating system automatically orders information on your driving record and credit history and quotes a price based on many factors.

Getting online price quotes for Toyota Yaris insurance in Baltimore makes it a lot easier to compare rates and it is imperative to perform this step in order to get a better rate.

To fill out one form to compare multiple rates now, compare rate quotes from the providers shown below. To compare your current rates, we recommend you replicate the coverage information identical to your current policy. This guarantees you will have a price comparison using the same coverage and limits.

The companies shown below provide quotes in Baltimore, MD. If your goal is to find the cheapest car insurance in Baltimore, we recommend you get rate quotes from several of them to get the best price comparison.

Rates and information analytics

The table shown below highlights a range of insurance coverage prices for Toyota Yaris models. Learning as much as possible about how insurance policy premiums are established can be valuable when making decisions when choosing a new policy provider.

Toyota Yaris Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $262 $650 $518 $30 $156 $1,616 $135
Yaris 4-Dr Hatchback $262 $650 $458 $28 $138 $1,536 $128
Yaris 4-Dr Sedan $262 $650 $458 $28 $138 $1,536 $128
Yaris S 2-Dr Hatchback $300 $650 $518 $30 $156 $1,654 $138
Yaris S 4-Dr Hatchback $300 $650 $458 $28 $138 $1,574 $131
Yaris S 4-Dr Sedan $300 $650 $458 $28 $138 $1,574 $131
Get Your Own Custom Quote Go

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Information does not factor in vehicle garaging location which can affect coverage rates significantly.

Can higher deductibles save money?

The hardest decision when buying coverage is which deductible level should you buy. The premium rates below determine the price difference between low and high comp and collision deductibles. The first set of rates uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Toyota Yaris insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $274 $528 $458 $28 $138 $1,451 $121
Yaris 4-Dr Hatchback $274 $528 $406 $24 $122 $1,379 $115
Yaris 4-Dr Sedan $274 $528 $406 $24 $122 $1,379 $115
Yaris S 2-Dr Hatchback $314 $528 $458 $28 $138 $1,491 $124
Yaris S 4-Dr Hatchback $314 $528 $406 $24 $122 $1,419 $118
Yaris S 4-Dr Sedan $314 $528 $406 $24 $122 $1,419 $118
Get Your Own Custom Quote Go

Toyota Yaris insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $222 $426 $458 $28 $138 $1,272 $106
Yaris 4-Dr Hatchback $222 $426 $406 $24 $122 $1,200 $100
Yaris 4-Dr Sedan $222 $426 $406 $24 $122 $1,200 $100
Yaris S 2-Dr Hatchback $256 $426 $458 $28 $138 $1,306 $109
Yaris S 4-Dr Hatchback $256 $426 $406 $24 $122 $1,234 $103
Yaris S 4-Dr Sedan $256 $426 $406 $24 $122 $1,234 $103
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in garaging location in Baltimore which can change coverage prices noticeably.

Based on these figures, using a $250 deductible could cost the average driver approximately $15 more each month or $180 a year than buying the higher $500 deductible. Since you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally average at least 17 months between claims, you would come out ahead going with the higher deductible.

The diagram below highlights how deductible selection and can affect Toyota Yaris annual premium costs for different insured age categories. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Toyota Yaris liability rates compared to full coverage

The chart below visualizes the comparison of Toyota Yaris car insurance rates when comparing full coverage to state minimum liability only. The premiums are based on no claims or driving violations, $500 deductibles, drivers are not married, and no discounts are applied.

Deciding between full coverage and liability only

There is no set guideline to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s pretend your Toyota Yaris replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If premiums are more than $600 annually to have full coverage, then you may need to consider dropping full coverage.

There are some scenarios where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.

Shop online but buy locally

A small number of people prefer to talk to a local agent and that is a personal choice. The best thing about comparing rates online is the fact that you can find the best rates and still choose a local agent. Putting coverage with local agents is definitely important in Baltimore.

Find insurance agent in BaltimoreBy using this quick form, the quote information is sent to insurance agents in Baltimore who can give free rate quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to find an agent on your own since price quotes are sent straight to your inbox. Get lower rates and work with a local agent. If you wish to get a comparison quote from a specific company, feel free to go to their quote page to submit a rate quote request.

If you would like to find a reliable insurance agency, it helps to know the two types of insurance agents to choose from. Car insurance policy providers are either exclusive or independent.

Independent Insurance Agents

Agents that elect to be independent are not required to write business for one company so they can insure your vehicles through many different car insurance companies and find you cheaper rates. If prices rise, your agent can switch companies and you don’t have to find a new agent. When comparing rates, you need to get insurance quotes from multiple independent agents to have the most options to choose from. Most independent agents also contract with small regional insurance companies that can offer cheaper rates than bigger companies.

Featured below is a list of independent insurance agents in Baltimore who may provide free car insurance rate quotes.

More Baltimore agents

Exclusive Car Insurance Agents

Agents of this type can only quote rates from one company like AAA, Allstate, and State Farm. They are unable to give you multiple price quotes so always compare other rates. Exclusive agents are well trained in insurance sales and that can be a competitive advantage. Some consumers prefer to purchase coverage from exclusives mainly due to the brand name and the convenience of having a single billing for all their coverages.

Listed below are Baltimore exclusive insurance agents that are able to give price quote information.

More Baltimore agents

Picking an insurance agency requires more thought than just the price. Before buying a policy in Baltimore, get answers to these questions.