Looking for more affordable Toyota Yaris insurance in New Orleans? Being forced to pay for expensive car insurance premiums can diminish your savings and force you to tighten up your finances. Comparing cost estimates is an excellent way to slash your bill and have more diposable income.
Unbelievable but true according to a study the majority of drivers renewed their policy with the same company for at least the last four years, and nearly half have never shopped around. New Orleans consumers can cut their rates by about $900 a year by just comparing quotes, but they just don’t understand the amount of money they would save if they switched to a cheaper policy.
Steps to finding the cheapest rates for Toyota Yaris insurance in New Orleans
The preferred way to get more affordable car insurance rates in New Orleans is to make a habit of comparing prices annually from different companies in Louisiana. Price quotes can be compared by following these steps.
Step 1: Spend a few minutes and learn about the different coverages in a policy and the measures you can take to lower rates. Many factors that cause high rates like careless driving and poor credit history can be eliminated by making minor driving habit or lifestyle changes. This article provides information to get low prices and find additional discounts you may qualify for.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like GEICO and State Farm, while agents who are independent can give you price quotes for many different companies.
Step 3: Compare the new rate quotes to the premium of your current policy to determine if you can save on Yaris insurance in New Orleans. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Tell your current company of your intent to cancel your current policy. Submit the application along with any required down payment to your new agent or company. Once the paperwork is finalized, place the new proof of insurance certificate along with the vehicle’s registration papers.
A good tip to remember is to make sure you’re comparing similar deductibles and liability limits on each quote and and to get rate quotes from every company you can. Doing this provides an apples-to-apples comparison and the best price selection.
Vehicle owners have many insurance companies to insure vehicles with, and although it’s nice to have a selection, having more car insurance companies makes it harder to find the best rates for your vehicles.
You should take the time to shop coverage around quite often since prices are adjusted regularly by insurance companies. Just because you found the best rates on Toyota Yaris insurance in New Orleans a few years ago there is a good chance you can find better premium rates now. There are lots of tips to save on Yaris insurance on the web, but we’re going to give you a bunch of ideas how to put money back in your pocket.
Finding and comparing the best insurance in New Orleans is easy to do. If you are insured now or are just looking to switch companies, you can learn to shop for the lowest rates and still have adequate protection. You just need to use the proper way to get comparison quotes from many different companies.
Best companies for competitive Toyota Yaris insurance in Louisiana
The companies in the list below are our best choices to provide quotes in New Orleans, LA. In order to find the cheapest car insurance in New Orleans, LA, we recommend you visit as many as you can in order to get a fair rate comparison.
Data for Toyota Yaris insurance
The table displayed next highlights different coverage costs for Toyota Yaris models. Understanding how insurance policy premiums are calculated can benefit drivers when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $316 | $664 | $540 | $32 | $162 | $1,714 | $143 |
| Yaris 4-Dr Hatchback | $316 | $664 | $478 | $28 | $144 | $1,630 | $136 |
| Yaris 4-Dr Sedan | $316 | $664 | $478 | $28 | $144 | $1,630 | $136 |
| Yaris S 2-Dr Hatchback | $364 | $664 | $540 | $32 | $162 | $1,762 | $147 |
| Yaris S 4-Dr Hatchback | $364 | $664 | $478 | $28 | $144 | $1,678 | $140 |
| Yaris S 4-Dr Sedan | $364 | $664 | $478 | $28 | $144 | $1,678 | $140 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in vehicle location which can change auto insurance rates considerably.
Rate comparison for different deductibles
One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The tables below can help you visualize the rate differences between low and high policy deductibles. The first rate estimation uses a $100 deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $348 | $722 | $524 | $32 | $158 | $1,809 | $151 |
| Yaris 4-Dr Hatchback | $348 | $722 | $464 | $28 | $140 | $1,727 | $144 |
| Yaris 4-Dr Sedan | $348 | $722 | $464 | $28 | $140 | $1,727 | $144 |
| Yaris S 2-Dr Hatchback | $400 | $722 | $524 | $32 | $158 | $1,861 | $155 |
| Yaris S 4-Dr Hatchback | $400 | $722 | $464 | $28 | $140 | $1,779 | $148 |
| Yaris S 4-Dr Sedan | $400 | $722 | $464 | $28 | $140 | $1,779 | $148 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $194 | $380 | $524 | $32 | $158 | $1,288 | $107 |
| Yaris 4-Dr Hatchback | $194 | $380 | $464 | $28 | $140 | $1,206 | $101 |
| Yaris 4-Dr Sedan | $194 | $380 | $464 | $28 | $140 | $1,206 | $101 |
| Yaris S 2-Dr Hatchback | $222 | $380 | $524 | $32 | $158 | $1,316 | $110 |
| Yaris S 4-Dr Hatchback | $222 | $380 | $464 | $28 | $140 | $1,234 | $103 |
| Yaris S 4-Dr Sedan | $222 | $380 | $464 | $28 | $140 | $1,234 | $103 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in specific location which can affect rates considerably.
Based on this data, using a $100 deductible will cost in the ballpark of $44 more each month or $528 a year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 20 months between claims, you would save money if you choose the higher deductible.
Comparison of full coverage and liability-only policies
The information below illustrates the difference between Toyota Yaris insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Louisiana. Data assumes no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no other discounts are factored in.
Deciding between full coverage and liability only
There is no definitive rule that is best for determining when to drop physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Toyota Yaris claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after the policy deductible has been paid. If premium cost is more than $500 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where only buying liability is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Save money by applying these six discounts
Insurance can cost an arm and a leg, but there could be available discounts to help offset the cost. Certain discounts will be triggered automatically when you complete an application, but lesser-known reductions have to be asked about before they will apply.
- Data Collection Discounts – Policyholders that allow data collection to analyze where and when they drive remotely like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if their driving habits are good.
- Discounts for New Vehicles – Adding a new car to your policy can cost up to 25% less since newer models have better safety ratings.
- Auto/Home Discount – If you can bundle your homeowners and auto insurance and insure them with the same company you could get a discount of nearly 15% which can help you find affordable Toyota Yaris insurance rates in New Orleans.
- College Student Discount – Older children who are attending college and do not have access to a covered vehicle could get you a discount.
- E-sign Discounts – Many larger companies provide a small discount shop New Orleans car insurance digitally online.
- Accident Waiver – Not a discount per se, but companies like GEICO, State Farm, and Progressive may permit one accident before your rates go up as long as you don’t have any claims for a certain period of time.
Discounts lower rates, but many deductions do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way.
The illustration below visualizes the comparison of Toyota Yaris auto insurance costs with and without some available policy discounts. The premium estimates are based on a female driver, no claims or violations, Louisiana state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, multi-car, claim-free, and homeowner discounts applied.
A list of car insurance companies and their possible discounts are included below.
- State Farm has discounts for driver’s education, accident-free, Steer Clear safe driver discount, anti-theft, safe vehicle, and defensive driving training.
- GEICO may have discounts that include driver training, seat belt use, military active duty, multi-vehicle, and good student.
- SAFECO has savings for homeowner, safe driver, anti-lock brakes, teen safe driver, anti-theft, multi-car, and accident prevention training.
- Farmers Insurance may offer discounts for distant student, teen driver, business and professional, electronic funds transfer, and pay in full.
- AAA offers discounts for AAA membership discount, anti-theft, pay-in-full, multi-policy, and multi-car.
- USAA may include discounts for driver training, vehicle storage, multi-policy, defensive driver, loyalty savings, new vehicle, and military installation.
Double check with every insurance company to apply every possible discount. Some of the discounts discussed earlier may not be available in your area. To locate insurance companies that provide some of the discounts listed above in Louisiana, click here.
Buying insurance from New Orleans car insurance agents
Some consumers would prefer to go talk to an agent and that is a personal choice. Agents can help determine the best coverages and give you someone to call. The best thing about getting free rate quotes online is that drivers can save money and get cheaper rates but also keep your business local. And providing support for neighborhood agents is definitely important in New Orleans.
Once you complete this form (opens in new window), the quote information gets sent to local insurance agents in New Orleans that can provide free New Orleans car insurance quotes to get your business. It makes it easy because there is no need to leave your house since price quotes are sent immediately to your email address. In the event you want to get a price quote from a specific insurance company, you just need to search and find their rate quote page and fill out the quote form the provide.
If you need to find a good New Orleans insurance agent, you should know the types of agencies and how they work. New Orleans agents can be described as either exclusive or independent. Both provide insurance policies, but it’s good to learn how they are different since it can affect the type of agent you choose.
Independent Agencies or Brokers
Agents in the independent channel can sell policies from many different companies and that gives them the ability to insure through lots of different companies enabling the ability to shop coverage around. If you are not satisfied with one company, they can switch companies in-house which makes it simple for you.
When comparing insurance prices, you absolutely need to include rate quotes from several independent agencies in order to compare the most rates.
Featured below is a partial list of independent insurance agencies in New Orleans that may be able to provide cheap rate quotes.
First Insurance, Inc.
First Bank and Trust Building, 909 Poydras St #2260 – New Orleans, LA 70112 – (504) 322-4927 – View Map
Dan Burghardt Insurance Agency
5741 Crowder Blvd – New Orleans, LA 70127 – (504) 241-7283 – View Map
Whitney Insurance Agency
650 Poydras St Suite 1500 – New Orleans, LA 70130 – (504) 581-5353 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents can only place business with one company and examples are American Family, State Farm, and Allstate. These agents are not able to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well trained on their products and sales techniques which helps them sell insurance even at higher premiums.
Listed below is a short list of exclusive insurance agents in New Orleans willing to provide price quote information.
Ed Buckley – State Farm Insurance Agent
4822 Prytania St – New Orleans, LA 70115 – (504) 891-2886 – View Map
Randy Bordlee – State Farm Insurance Agent
4650 General De Gaulle Dr #102 – New Orleans, LA 70131 – (504) 392-9300 – View Map
Josh Lorando – State Farm Insurance Agent
4200 Canal St c – New Orleans, LA 70119 – (504) 488-0001 – View Map
Finding a good auto insurance agent is decision based upon more than just a cheap quote. These are some questions your agent should answer.
- Can you contact them at any time?
- Which family members are covered?
- Will their companies depreciate repairs to your car based on the mileage?
- Do they receive special compensation for putting your coverage with one company over another?
- Do the coverages you’re quoting properly cover your vehicle?
Insurance coverages explained
Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.
Collision coverage
This coverage pays for damage to your Yaris resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims like hitting a parking meter, driving through your garage door and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible on your Yaris to bring the cost down.
Liability insurance
This coverage protects you from damages or injuries you inflict on other people or property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 15/30/25 which means a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability insurance covers claims like court costs, repair bills for other people’s vehicles and emergency aid. How much coverage you buy is your choice, but you should buy as high a limit as you can afford. Louisiana requires drivers to carry at least 15/30/25 but drivers should carry higher limits.
The illustration below shows why minimum state limits may not be enough coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your Toyota Yaris.
Since a lot of drivers only carry the minimum required liability limits (which is 15/30/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as nursing services, funeral costs, pain medications and doctor visits. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Comprehensive insurance
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as damage from a tornado or hurricane, vandalism and hail damage. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
In conclusion
Lower-priced Toyota Yaris insurance in New Orleans is available on the web as well as from independent agents in New Orleans, so you need to shop New Orleans car insurance with both in order to have the best chance of saving money. Some insurance providers may not provide rate quotes online and many times these smaller providers only sell coverage through independent agencies.
While you’re price shopping online, never skimp on coverage in order to save money. In many instances, someone sacrificed comprehensive coverage or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at a price you can afford while still protecting your assets.
Steps to finding affordable Toyota Yaris insurance in New Orleans
It takes a little time, but the best way to get budget auto insurance rates in New Orleans is to compare quotes annually from insurers that insure vehicles in Louisiana. You can compare rates by following these steps.
- Spend some time learning about how insurance companies determine prices and the changes you can make to prevent expensive coverage. Many rating factors that cause rate increases such as traffic violations and a lousy credit rating can be controlled by making minor changes to your lifestyle.
- Compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies.
- Compare the price quotes to your current policy and see if there is a cheaper rate in New Orleans. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
- Provide notification to your current company of your intention to cancel the current policy and submit a down payment along with a completed application for your new coverage. As soon as you have the new policy, place the new certificate verifying coverage with your vehicle’s registration.
One thing to remember is to make sure you’re comparing similar coverage information on every price quote and and to get price quotes from as many companies as possible. This guarantees an accurate price comparison and the best rate selection.
More information is available at the links below
- A Tree Fell on Your Car: Now What? (Allstate)
- Who Has Cheap Car Insurance for Inexperienced Drivers in New Orleans? (FAQ)
- Who Has Affordable Car Insurance Rates for Immigrants in New Orleans? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Teen Driving and Texting (State Farm)
- Steps to Take After an Auto Accident (Insurance Information Institute)