Find Affordable Toyota Matrix Insurance in Virginia Beach

Unbelievable but true, about 70% of customers have stayed with the same insurance company for a minimum of four years, and just short of a majority have never compared insurance rates at all. Many drivers in the U.S. can save hundreds of dollars each year just by getting comparison quotes, but they don’t want to spend time to find lower-cost insurance by shopping around.

Insurance rates Toyota Matrix in Virginia BeachIf your goal is the lowest price, then the best way to get budget Toyota Matrix insurance in Virginia Beach is to make a habit of regularly comparing prices from insurance carriers in Virginia.

Step 1: Take a few minutes and learn about auto insurance and the measures you can take to keep rates down. Many rating factors that cause high rates like traffic citations and a negative credit history can be controlled by making minor changes to your lifestyle.

Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can quote rates from multiple sources.

Step 3: Compare the quotes to your current policy and determine if there is any savings. If you can save money and make a switch, ensure coverage does not lapse between policies.

Step 4: Tell your current company to cancel your current auto insurance policy. Submit a down payment along with a completed application to your new company or agent. As soon as you have the new policy, store the certificate of insurance in an accessible location in your vehicle.

A good piece of advice is that you’ll want to make sure you compare the same deductibles and limits on every price quote and and to compare as many companies as feasibly possible. Doing this guarantees a fair price comparison and a good representation of prices.

If you have insurance now, you will definitely be able to reduce premiums using the ideas covered in this article. Locating the best rates in Virginia Beach seems hard but is not really that difficult. Although Virginia vehicle owners need to have an understanding of the way companies market on the web because rates are impacted by many factors.

Best Toyota Matrix insurance rate quotes in Virginia

The following companies provide price quotes in Virginia Beach, VA. If you wish to find cheap car insurance in Virginia, it’s a good idea that you get rate quotes from several of them to find the lowest car insurance rates.

Rates and information analytics

The data table displayed below covers a range of insurance rates for Toyota Matrix models. Knowing how rate quotes are formulated is important to be able to make informed decisions when comparing rates.

Toyota Matrix Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $148 $346 $290 $18 $88 $890 $74
Matrix S 2WD $170 $406 $290 $18 $88 $972 $81
Matrix S AWD $170 $406 $290 $18 $88 $972 $81
Matrix XRS 2WD $170 $406 $290 $18 $88 $972 $81
Get Your Own Custom Quote Go

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in Virginia Beach location which can decrease or increase insurance rates greatly.

Physical damage deductibles: Should you raise them?

One common question asked by Virginia Beach drivers is how high should the physical damage coverage deductibles be. The following tables help summarize the rate difference when you choose different comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Toyota Matrix insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $192 $400 $258 $16 $78 $969 $81
Matrix S 2WD $222 $472 $258 $16 $78 $1,071 $89
Matrix S AWD $222 $472 $258 $16 $78 $1,071 $89
Matrix XRS 2WD $222 $472 $258 $16 $78 $1,071 $89
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Toyota Matrix insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $140 $270 $258 $16 $78 $762 $64
Matrix S 2WD $162 $318 $258 $16 $78 $832 $69
Matrix S AWD $162 $318 $258 $16 $78 $832 $69
Matrix XRS 2WD $162 $318 $258 $16 $78 $832 $69
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Estimates do not factor in specific zip code location which can raise or lower coverage prices noticeably.

Based on the figures above, using a $100 deductible will cost in the ballpark of $19 more each month or $228 each year than selecting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 21 months between claim filings, you would probably save some money if you opt for a higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $100 deductibles: $87
Average monthly premium for $500 deductibles (subtract): – $68
Monthly savings from raising deductible: $19
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important issue to know is that raising deductibles to get cheaper rates results in more money out-of-pocket when you have a physical damage claim. That will force you to have some extra savings in order to pay the higher deductible.

Insurance policy discounts you can’t miss

Insurance is neither fun to buy or cheap, but there are discounts available that can dramatically reduce your bill. A few discounts will be applied at quote time, but a few must be asked about prior to receiving the credit. If they aren’t giving you every credit possible, you could be getting lower rates.

It’s important to note that most credits do not apply to the whole policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, it’s just not the way it works. Any amount of discount will lower the premium cost.

The illustration below illustrates the difference between Toyota Matrix premium costs with and without discounts applied to the policy premium. The premiums assume a male driver, no claims or driving citations, Virginia state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, safe-driver, multi-policy, and homeowner discounts applied.

To see a list of providers that provide some of the discounts listed above in Virginia, click here to view.

Your auto insurance coverage should be tailored to you

When buying the right insurance coverage, there is no best way to insure your cars. You are unique.

These are some specific questions can help discover if you would benefit from an agent’s advice.

If you can’t answer these questions then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form.

Buying from auto insurance agents

Many drivers prefer to get professional advice from a licensed agent and that is not a bad decision One of the benefits of comparing insurance online is you can get lower rates and still have a local agent.

Insurance agents in Virginia BeachOnce you complete this simple form, your information is submitted to agents in your area who will give you quotes for your insurance coverage. You won’t even need to even leave your home since price quotes are sent directly to your email. You can find lower rates and an insurance agent to talk to. If for some reason you want to compare prices for a specific company, you would need to jump over to their website and fill out the quote form the provide.

Finding a good provider requires you to look at more than just the price. Some important questions to ask are:

Exclusive agents vs. Independent agents

If you are wanting to find a good Virginia Beach insurance agent, it can be helpful to understand the types of insurance agents that you can choose from. Agents are either exclusive agents or independent agents.

Exclusive Agencies

Agents that choose to be exclusive can only place business with one company like State Farm, AAA, Farmers Insurance or Allstate. They are unable to provide rate quotes from other companies so always compare other rates. Exclusive agents are very knowledgeable on their products and sales techniques which can be an advantage.

Below are exclusive agents in Virginia Beach who can help you get comparison quotes.

Hy Dress – State Farm Insurance Agent
1517 Lynnhaven Pkwy #101Virginia Beach, VA 23453(757) 427-1987View Map

2492 N Landing Rd #101Virginia Beach, VA 23456(757) 467-2800View Map

4382 Holland Plaza Shopping Ctr, # CeVirginia Beach, VA 23452(757) 431-0217View Map

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Independent Agents (or Brokers)

These type of agents do not write with just one company and that allows them to write policies through many companies and find you cheaper rates. If prices rise, they simply move the coverage in-house and you don’t have to find a new agent.

When comparison shopping, you need to compare quotes from at least one independent agent so that you can do a thorough price comparison.

Below is a short list of independent insurance agents in Virginia Beach that can give you price quotes.

1127 Crystal Lake DrVirginia Beach, VA 23451(757) 491-8953View Map

3213 Virginia Beach BlvdVirginia Beach, VA 23452(757) 340-0028View Map

533 Newtown Rd #112Virginia Beach, VA 23462(757) 497-1899View Map

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Ratings for Virginia Beach car insurance companies

Finding a highly-rated company is hard considering how many companies there are in Virginia. The ranking information displayed below may help you choose which car insurance companies to look at when looking for cheaper rates.

Top 10 Virginia Beach Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. Erie Insurance
  9. Esurance
  10. The General

Cheaper coverage is out there

When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. In too many instances, someone sacrificed liability limits or collision coverage only to find out that it was a big error on their part. Your goal is to find the BEST coverage for the lowest price, but do not skimp to save money.

Throughout this article, we presented many tips how you can get a better price on Toyota Matrix insurance in Virginia Beach. The most important thing to understand is the more companies you get premium rates for, the better your comparison will be. Consumers could even find that the most savings is with an unexpected company.

There are still a few companies who may not have online price quotes and usually these smaller providers only sell coverage through independent agents. More affordable insurance in Virginia Beach is definitely available on the web and from local agencies, so you should be comparing quotes from both to get a complete price analysis.

Additional information is located at the links below