Find Cheaper Toyota Sienna Insurance in Cincinnati

Insurance for Toyota SiennaEveryone knows that car insurance companies want to keep you from comparing rates. Consumers who shop around for the cheapest rate are likely to switch car insurance companies because there are good odds of finding a cheaper policy. A recent survey discovered that drivers who compared prices once a year saved about $3,500 over four years compared to those who never compared rates.

If saving the most money on Toyota Sienna insurance is your target objective, learning how to shop and compare insurance premiums can make the process more efficient.

The most effective way to find low-cost prices for Toyota Sienna insurance is to make a habit of comparing prices annually from providers in Cincinnati.

  1. Get an understanding of how insurance companies determine prices and the steps you can take to lower rates. Many risk factors that result in higher rates like getting speeding tickets and your credit history can be rectified by improving your driving habits or financial responsibility. Keep reading for information to prevent rate hikes and earn a bigger discount.
  2. Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agents can quote prices from multiple companies. Find a Cincinnati insurance agent
  3. Compare the new rate quotes to your existing policy and see if you can save money. If you find a lower rate quote and make a switch, ensure coverage does not lapse between policies.

An important bit of advice to remember is to use identical limits and deductibles on each price quote and and to compare every insurance company. Doing this helps ensure a level playing field and the best rate selection.

How to Lower Your Insurance Rates

One of the most helpful ways to save on insurance is to to have a grasp of some of the things that aid in calculating insurance rates. If you have some idea of what determines premiums, this allows you to make good choices that may result in big savings.

A good credit rating can save money – Having a bad credit rating is a large factor in determining premium rates. People that have excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores. If your credit score can be improved, you could be paying less to insure your Toyota Sienna if you clean up your credit.

Vehicles with better crash test results cost less to insure – Safe vehicles are cheaper to insure. Safer cars reduce injuries and reduced instances of injuries translates directly to fewer claims and cheaper rates on your policy. If your Toyota Sienna has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.

Get a ticket, pay higher premiums – Attentive drivers pay less for auto insurance as compared to careless drivers. Having a single moving violation can boost insurance rates twenty percent or more. Drivers with careless violations like DUI, reckless driving or excessive speeding might be required by their state to file a SR-22 to the state department of motor vehicles in order to keep their license.

The information below illustrates how traffic citations and at-fault accidents can influence Toyota Sienna insurance costs for each age group. The rates are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.

Only buy what you need – There are quite a few add-on coverages that can add up if you aren’t careful. Coverages like coverage for rental cars, high-cost glass coverage, and extra life insurance coverage may be wasting your money. These may sound like a good investment when deciding what coverages you need, but if they’re wasting money eliminate them to save money.

Insurance loss data for Toyota Sienna vehicles – Insurance companies factor in insurance loss information when determining insurance rates. Models that have higher claim amounts or frequency will cost more for specific coverages. The next table shows the collected loss data for Toyota Sienna vehicles.

For each type of coverage, the loss probability for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while numbers shown that are more than 100 point to more claims or tendency to have higher losses.

Toyota Sienna Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Sienna 2WD 99 88 99 94 98 85
Toyota Sienna 4WD 106 94 102 75 65 73

Statistics from for 2013-2015 Model Years

Quote Cincinnati Toyota Sienna insurance online

The car insurance companies shown below provide quotes in Cincinnati, OH. To buy the cheapest auto insurance in OH, we suggest you visit two to three different companies to get the best price comparison.

Toyota Sienna insurance statistics and information

The data table below highlights different insurance costs for Toyota Sienna models. Having a better idea how premiums are figured can be of help when making smart policy decisions.

Toyota Sienna Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $86 $172 $234 $14 $70 $576 $48
Sienna LE $98 $172 $234 $14 $70 $588 $49
Sienna LE AWD $98 $172 $234 $14 $70 $588 $49
Sienna XLE $98 $172 $234 $14 $70 $588 $49
Sienna XLE AWD $98 $202 $234 $14 $70 $618 $52
Sienna Limited $112 $202 $234 $14 $70 $632 $53
Sienna Limited AWD $112 $202 $234 $14 $70 $632 $53
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price estimates do not factor in vehicle location which can increase or decrease insurance rates significantly.

Physical damage deductible comparison

When comparing auto insurance rates, the most common question is the level to set your comp and collision deductibles. The figures shown below may help you to understand the differences in price when you choose different policy deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Toyota Sienna insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $170 $352 $226 $14 $68 $855 $71
Sienna LE $196 $352 $226 $14 $68 $881 $73
Sienna LE AWD $196 $352 $226 $14 $68 $881 $73
Sienna XLE $196 $352 $226 $14 $68 $881 $73
Sienna XLE AWD $196 $416 $226 $14 $68 $945 $79
Sienna Limited $220 $416 $226 $14 $68 $969 $81
Sienna Limited AWD $220 $416 $226 $14 $68 $969 $81
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Toyota Sienna insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $124 $238 $226 $14 $68 $670 $56
Sienna LE $142 $238 $226 $14 $68 $688 $57
Sienna LE AWD $142 $238 $226 $14 $68 $688 $57
Sienna XLE $142 $238 $226 $14 $68 $688 $57
Sienna XLE AWD $142 $280 $226 $14 $68 $730 $61
Sienna Limited $160 $280 $226 $14 $68 $748 $62
Sienna Limited AWD $160 $280 $226 $14 $68 $748 $62
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in specific garaging location which can alter rates significantly.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $17 more each month or $204 each year than opting for the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 24 months between claim filings, you would more than likely save some money by going with a higher deductible.

The information below highlights how deductible selection and can increase or decrease Toyota Sienna insurance rates for each different age group. Data assumes a married female driver, comp and collision included, and no additional discounts are factored in.

Full coverage or liability only

The diagram below shows the difference between Toyota Sienna insurance costs with full coverage and liability only. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied.

Guidelines for eliminating full coverage

There isn’t a written rule for dropping full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Toyota Sienna book value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after the deductible is paid. If it’s costing you more than $200 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where buying only liability insurance is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Protect more than your Toyota Sienna

Despite the high cost of buying insurance for a Toyota Sienna in Cincinnati, auto insurance may be mandatory for several reasons.

First, just about all states have mandatory insurance requirements which means state laws require specific minimum amounts of liability coverage in order to drive the car. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your Toyota Sienna has a loan, most banks will stipulate that you buy full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may insure your Toyota at a much higher rate and require you to pay much more than you were paying before.

Third, insurance safeguards both your Toyota Sienna and your personal assets. It will also provide coverage for most medical and hospital costs for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying auto insurance outweigh the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $820 a year so compare rate quotes each time the policy renews to ensure rates are competitive.

Get affordable Toyota Sienna insurance in Cincinnati with discounts

Buying auto insurance is not cheap, but you might be missing out on some discounts that you may not know about. A few discounts will automatically apply at the time you complete a quote, but a few must be inquired about before they will apply. If you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.Discount auto insurance

A little disclaimer on discounts, most discounts do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, you aren’t that lucky. Any amount of discount should help lower the cost of coverage.

The illustration below shows the comparison of Toyota Sienna premium costs with and without some available policy discounts. The premiums assume a male driver, no claims, a clean driving record, Ohio state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, claim-free, multi-car, and marriage discounts applied.

A few popular companies and the discounts they provide are included below.

If you are trying to find affordable Toyota Sienna insurance quotes, ask each company which discounts you may be entitled to. Some credits may not apply to policies everywhere.

Insurance agents are professional risk managers

A lot of people just want to sit down and talk to an agent and that can be a great decision Agents can make sure you are properly covered and help submit paperwork. The biggest benefit of getting online price quotes is you may find better rates but also keep your business local.

Upon completion of this simple form, your insurance coverage information is emailed to local insurance agents who will give you quotes for your coverage. There is no need to contact any agents because prices are sent directly to you. In the event you want to quote rates from a specific company, just search and find their rate quote page and fill out the quote form the provide.

Choosing an provider needs to be determined by more than just the price. The questions below may impact your decision as well.

If you need to find a local Cincinnati insurance agency, you should know the types of insurance agents and how they can service your needs differently. Auto insurance agencies are classified as either exclusive agents or independent agents. Either type can sell affordable auto insurance policies, but it’s worth learning the difference in the companies they write for since it may influence buying decisions.

Exclusive Agents

Exclusive agents can only write with one company such as Allstate, Farmers Insurance or State Farm. These agents are unable to shop your coverage around so they are skilled at selling on more than just price. Exclusive insurance agents are usually well trained on sales techniques and that can be a competitive advantage.

Listed below are Cincinnati exclusive agencies who can help you get price quotes.

3011 W Galbraith RoadCincinnati, OH 45239(513) 931-9292View Map

4010 N Bend Rd Ste 300Cincinnati, OH 45211(513) 347-9492View Map

5062 Delhi AveCincinnati, OH 45238(513) 451-8700View Map

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Independent Auto Insurance Agents

These agents can sell policies from many different companies so they can quote policies through lots of different companies and potentially find a lower price. To transfer your coverage to a different company, your agent can switch companies without you having to go to a different agency. When comparing rates, we recommend you get some free quotes from a few independent agents for maximum quote selection.

Shown below is a list of independent insurance agencies in Cincinnati willing to provide comparison quotes.

5670 Cheviot RdCincinnati, OH 45247(513) 521-8590View Map

324 E 4th StCincinnati, OH 45202(513) 381-7881View Map

2619 Erie AveCincinnati, OH 45208(513) 871-3330View Map

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Which auto insurance company is best in Ohio?

Selecting a good quality insurance provider can be rather challenging considering how many different companies there are to choose from in Cincinnati. The rank data shown next may help you select which insurers you want to consider purchasing from.

Top 10 Cincinnati Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 92%
  2. Erie Insurance – 88%
  3. American Family – 88%
  4. State Farm – 88%
  5. Nationwide – 88%
  6. 21st Century – 88%
  7. AAA Insurance – 87%
  8. Liberty Mutual – 87%
  9. Farmers Insurance – 87%
  10. The Hartford – 87%

You can lower your insurance rates

While you’re price shopping online, never reduce needed coverages to save money. There are many occasions where an insured cut collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to buy enough coverage for the lowest price while not skimping on critical coverages.

Lower-priced Toyota Sienna insurance in Cincinnati is possible on the web and also from your neighborhood Cincinnati agents, and you should be comparing both so you have a total pricing picture. Some companies may not provide rates over the internet and these regional carriers prefer to sell through independent insurance agencies.

To learn more, take a look at the resources below: