Automotive Insurance coverage for a Toyota Prius

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In most states, automotive insurance coverage is a authorized requirement for all drivers. The nationwide common price of automotive insurance coverage is $1,674 per 12 months for a full protection coverage, which is predicated on a pattern quote for a 2019 Toyota Camry.

Nevertheless, automotive insurance coverage premiums are personalised primarily based on elements like your state, age and the kind of automotive you drive. For a Toyota Prius, the common annual price of automotive insurance coverage is $1,740, in keeping with Bankrate’s 2021 research of quoted annual premiums from Quadrant Info Companies.

Bankrate reviewed automotive insurance coverage quotes for a 2019 Toyota Prius from a number of of the most important insurance coverage suppliers and regarded into a number of the elements that influence premiums. The quotes on this research are primarily based on the Toyota Prius base mannequin, so it’s attainable that the common charges for higher-end fashions could possibly be costlier.

How a lot does it price to insure a Toyota Prius?

Alongside different elements, your automobile’s make and mannequin will have an effect on the price of your automotive insurance coverage. Whereas the common nationwide price for the 2019 Toyota Prius is $1,740 a 12 months, each automotive insurance coverage firm fees a special price for a similar makes and fashions. Listed here are a number of the main elements that influence Prius insurance coverage prices:

  • Crash price stats: The Toyota Prius is thought for being a really protected automobile. Latest Prius mannequin years have earned the “prime security choose” badge by the Insurance coverage Institute for Freeway Security (IIHS). Secure vehicles might be cheaper to insure as a result of they’re much less prone to maintain main injury in a collision.
  • Worth of elements: General, Prius elements are usually inexpensive as they don’t have to be imported, which may additionally assist preserve the price of insurance coverage decrease. If elements just like the Prius electrical motor must be repaired or changed after an accident, this may be costlier than changing a gas-powered automobile motor. Relying on the insurer, worth of elements might lead to general decrease charges in comparison with different makes.
  • Security options: Newer Toyota Prius fashions have superior security options, like stability management, a sophisticated airbag system, a pre-collision warning system, clever parking help, blind spot monitoring and extra. These security options cut back the danger of an accident, and subsequently may additionally assist decrease the price of insurance coverage.

Automotive insurance coverage for a Toyota Prius

In comparison with the nationwide common price of automotive insurance coverage (primarily based on a Toyota Camry), the Prius charges should not too completely different. The common price for full protection is barely larger than the nationwide common of $1,674 a 12 months, which is probably going pushed by the automobile’s hybrid elements which might be costlier to restore or change. For minimal protection, which solely offers legal responsibility protection, the Prius truly runs a bit cheaper than common charges for the Camry. Whereas each Prius proprietor can pay a special insurance coverage price, these averages could also be helpful for the sake of comparability.

Toyota Prius automotive insurance coverage Common annual premium
Minimal protection $497
Full protection $1,740

Most cost-effective automotive insurance coverage firms for Toyota Prius

Though the common annual price of full protection Toyota Prius automotive insurance coverage is barely above the nationwide common price, there are some insurance coverage carriers that insure this make and mannequin for much less, primarily based on quoted annual premiums.

For instance this, Bankrate in contrast the most cost effective automotive insurance coverage charges for the Toyota Prius from 5 of the most important automotive insurance coverage firms primarily based on market share. These suppliers are among the many greatest automotive insurance coverage firms reviewed by Bankrate. As you’ll be able to see from the variance between Erie and different nationwide suppliers, getting quotes from a couple of insurer will assist you decide which price is the very best on your state of affairs.

Common annual premium for full protection by mannequin

Toyota Prius options that influence insurance coverage prices

The Toyota Prius options most of the latest security applied sciences. The security options discovered within the Prius are thought-about efficient at stopping accidents and automobile thefts. Given this make and mannequin is among the most secure on the highway (primarily based on scores from the IIHS), it isn’t shocking the price of automotive insurance coverage is pretty consistent with the nationwide common for the standard economic system sedan.

The security options that may be discovered with some newer model-year Toyota Prius embrace the next:

  • Blind spot monitor: The Prius LE and LE AWD-e come geared up with a blind spot monitoring system that additionally has a rear cross-traffic alert sensor, which helps keep away from accidents when altering lanes.
  • Toyota Security Sense: Each new Prius mannequin comes with Toyota Security Sense, which is a bundle that features a pre-collision warning system with pedestrian detection, lane departure alerts and highway signal help.
  • Engine Immobilizer: The Engine Immobilizer helps forestall theft. If the automobile doesn’t acknowledge the chip embedded within the Good Key fob when inserted into the ignition, the engine is not going to begin.
  • Car Proximity Notification System: The Car Proximity Notification System (VPNS) alerts drivers when their automobile will get near an object, pedestrian or different automotive.
  • Superior airbag system: Each new Prius mannequin comes geared up with a sophisticated airbag system which makes the automobile safer for all passengers, together with entrance driver and passenger airbags, entrance seat-mounted aspect airbags, passenger seat cushion airbag, driver’s knee airbag, rear airbags and entrance and rear curtain protect airbags.

Different automotive insurance coverage protection for a Toyota Prius

Except you reside in Virginia or New Hampshire, automotive insurance coverage is legally required for all Prius house owners and different drivers. Most states require drivers to hold no less than minimal protection, which incorporates private legal responsibility insurance coverage and private harm safety (PIP) should you reside in a no-fault state.

Nevertheless, Prius house owners might think about buying non-compulsory coverages for the next diploma of monetary safety. Worthwhile endorsements for Toyota Prius house owners can embrace roadside help, new automotive alternative protection and accident forgiveness. In the event you lease or finance a brand new Prius, hole insurance coverage might profit you within the occasion of a complete loss, because it helps repay the quantity of your mortgage that exceeds the precise money worth payout out of your insurer.

Take into account that including endorsements to your automotive insurance coverage coverage might add to your Prius insurance coverage prices. Nevertheless, automotive insurance coverage firms sometimes provide a mess of reductions that may assist offset the value.

Methodology

Bankrate makes use of Quadrant Info Companies to research 2021 charges for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted charges are primarily based on a 40-year-old female and male driver with a clear driving report, good credit score and the next full protection limits:

  • $100,000 bodily harm legal responsibility per particular person
  • $300,000 bodily harm legal responsibility per accident
  • $50,000 property injury legal responsibility per accident
  • $100,000 uninsured motorist bodily harm per particular person
  • $300,000 uninsured motorist bodily harm per accident
  • $500 collision deductible
  • $500 complete deductible

To find out minimal protection limits, Bankrate used minimal coverages that meet every state’s necessities. Our base profile drivers personal a 2019 Toyota Prius, commute 5 days every week and drive 12,000 miles yearly.

These are pattern charges and will solely be used for comparative functions.

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