Cheap Virginia Beach Toyota Venza Insurance

We don’t have to tell you that auto insurance companies want to keep you from comparing rates. People who compare other rates are inclined to buy a different policy because of the good chance of finding discount prices. Remarkably, a study showed that people who compared rate quotes regularly saved on average $3,500 over four years compared to those who didn’t regularly shop around.

If finding budget-friendly car insurance is your intention, understanding how to quote prices and compare car insurance can help you succeed in finding affordable rates.

Insurance for Toyota VenzaTruthfully, the best way to get low-cost Toyota Venza insurance in Virginia Beach is to compare prices regularly from different companies who can sell car insurance in Virginia.

  1. Get an understanding of policy coverages and the things you can change to prevent high rates. Many things that result in higher prices like distracted driving and a less-than-favorable credit score can be amended by improving your driving habits or financial responsibility.
  2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like GEICO or Allstate, while agents who are independent can provide prices for many different companies.
  3. Compare the new quotes to your existing rates and determine if there is any savings. If you can save some money and buy the policy, make sure there is no coverage gap between policies.
  4. Notify your current company of your intent to cancel your current car insurance policy and submit the completed application along with a down payment for the new policy. Be sure to keep your new proof of insurance paperwork in your vehicle’s glove compartment or console.

The most important part of shopping around is to make sure you enter the same liability limits and deductibles on every price quote and and to get price quotes from every company you can. This ensures the most accurate price comparison and a thorough price selection.

Quote Virginia Beach Toyota Venza insurance online

Getting a more affordable price on Toyota Venza insurance is actually easier than you may think. All you need to do is invest a few minutes comparing rates online from several insurance companies.

The companies in the list below have been selected to offer price comparisons in Virginia Beach, VA. If you wish to find the cheapest auto insurance in Virginia Beach, we suggest you compare several of them to get a more complete price comparison.

Toyota Venza insurance analysis

The premium table below covers estimates of prices for Toyota Venza models. Being able to understand how prices are calculated can be valuable when making smart buying decisions.

Toyota Venza Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $240 $532 $334 $20 $100 $1,226 $102
Venza AWD 4-Dr $240 $532 $334 $20 $100 $1,226 $102
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in vehicle garaging location which can decrease or increase auto insurance rates noticeably.

Rate comparison for different deductibles

When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The rates shown below determine the differences in price between high and low policy deductibles. The first table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Toyota Venza insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $250 $472 $258 $16 $78 $1,099 $92
Venza AWD 4-Dr $250 $472 $258 $16 $78 $1,099 $92
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Toyota Venza insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $138 $248 $258 $16 $78 $738 $62
Venza AWD 4-Dr $138 $248 $258 $16 $78 $738 $62
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in vehicle location which can modify price quotes substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $30 more each month or $360 each year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 30 months between claim filings, you would probably save some money if you elect the higher deductible.

The information below shows how choosing a deductible and can affect Toyota Venza insurance costs for each age group. The prices are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Impact of violations and accidents on rates

The information below illustrates how violations and fender-benders can drive up Toyota Venza insurance costs for each different age group. The premium estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Comparison of full coverage and liability-only policies

The diagram below compares Toyota Venza insurance prices with and without full coverage. The premiums are based on no violations or claims, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no exact formula that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s say your Toyota Venza settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after paying your deductible. If it’s costing you more than $300 annually to have full coverage, then it may be the right time to buy liability only.

There are some conditions where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

How Your Venza Insurance Premiums are Determined

When buying car insurance it’s important to understand the different types of things that are used to determine your premiums. When you know what positively or negatively determines premiums, this allows you to make good choices that could help you find big savings. Multiple criteria are considered when pricing auto insurance. Some factors are common sense such as your driving history, but others are not quite as obvious like your vehicle usage and annual miles driven.

The more you drive the more you pay – Driving a lot of miles each year the more you’ll pay to insure it. Almost all companies charge rates based upon how you use the vehicle. Autos that sit idle most of the time receive lower rates than cars that get driven a lot. An improperly rated Venza is just wasting money. Double check that your policy correctly shows how each vehicle is driven, because improper ratings can cost you money.

Does insurance coverage cost less for gals? – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. However, don’t assume that females are better at driving than males. They both get in auto accidents at a similar rate, but males have accidents that have higher claims. Men also statistically get more serious tickets like driving under the influence (DUI).

The illustration below visualizes the comparison of Toyota Venza auto insurance rates for male and female drivers. The price estimates are based on a clean driving record, no claims, comp and collision included, $1,000 deductibles, drivers are single, and no other discounts are factored in.

Employer stress can make you pay more – Jobs like military generals, executives, and dentists usually pay higher average rates attributed to high stress levels and long work hours. On the other hand, occupations such as actors, engineers and retirees generally pay rates lower than average.

Only buy what you need – Insurance companies have many extra add-on coverages that sound like a good idea at the time on your Venza policy. Insurance for things like coverage for rental cars, high-cost glass coverage, and extra equipment coverage could be just wasting money. These may sound like a good investment when you first buy your policy, but if they’re wasting money remove them and pocket the money.

Toyota Venza statistical loss data – Auto insurance companies use past loss statistics for each vehicle to calculate a price that will offset any claims. Models that historically have higher number or severity of losses will cost more for specific coverages. The table shown below demonstrates the loss history for Toyota Venza vehicles.

For each type of coverage, the loss probability for all vehicles, as an average, is equal to 100. Percentages below 100 suggest a positive loss record, while numbers above 100 indicate more frequent claims or larger claims.

Toyota Venza Insurance Loss Statistics
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

Statistics from for 2013-2015 Model Years

Car insurance protects more than just your car

Even though it’s not necessarily cheap to insure a Toyota in Virginia Beach, insurance is required by state law in Virginia and it also provides benefits you may not be aware of.

The benefits of insuring your car are definitely more than the cost, especially with large liability claims. But the average driver in Virginia overpays more than $700 annually so you should quote your policy with other companies every year to save money.

Which car insurance company is best in Virginia?

Choosing a highly-rated auto insurance provider can be difficult considering how many different insurance companies sell coverage in Virginia. The company information listed below can help you pick which companies to look at shopping your coverage with.

Top 10 Virginia Beach Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive