Cheapest Chicago Toyota Sienna Insurance

Toyota Sienna insurance policy image courtesy of QuoteInspector.com

How long has it been since you sat down and looked for cheaper Toyota Sienna insurance in Chicago? Are you drained from scraping nickels together each month for auto insurance? You're in the same situation as most other vehicle owners in Illinois.

Inconceivable but true, almost 70% of insureds renewed their policy with the same company for four years or more, and roughly 40% of drivers have never shopped around. With the average auto insurance premium being $1,500, Chicago drivers can save roughly 40% each year just by shopping around, but they just don't want to compare rate quotes online.

Big-name insurance companies like Progressive, State Farm and GEICO all claim big savings, bombarding you with TV and radio ads and it is challenging if not impossible to see through the deception and find the best price available.

Keep in mind that comparing a large number of companies helps increase your odds of locating more affordable insurance.

The following companies provide price quotes in Illinois. If the list has multiple companies, it's highly recommended you compare several of them to find the cheapest car insurance rates.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in vehicle location which can impact premiums greatly.

Gender differences in auto insurance premiums

The illustration below compares Toyota Sienna auto insurance costs for male and female drivers. The costs are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

Raise deductibles and save

One frequently asked question is where should you set your physical damage deductibles. The data tables below help summarize the cost difference of buying low and high comp and collision deductibles. The first price estimate table uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can affect price quotes greatly.

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

Poor driving habits will raise your auto insurance rates

The example below shows how speeding tickets and fender-benders influence Toyota Sienna insurance costs for each different age group. The costs are based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

Auto insurance protects more than just your car

Despite the potentially high cost of Toyota Sienna insurance, insuring your vehicle is required in Illinois but also provides important benefits.

• Most states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability in order to license the vehicle. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you took out a loan on your Toyota, it's most likely the lender will have a requirement that you buy insurance to ensure loan repayment if the vehicle is totalled. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Toyota at an extremely high rate and force you to reimburse them the higher price.
• Insurance protects not only your car but also your financial assets. It will also reimburse you for hospital and medical expenses incurred in an accident. Liability insurance will also pay to defend you if you are sued as the result of an accident. If your Toyota gets damaged, comprehensive and collision coverage will cover the repair costs.

The benefits of insuring your car greatly outweigh the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying more than $855 a year so it's recommended you shop around every year to help ensure money is not being wasted.

Discount Chicago insurance quotes

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that you may not know about. Certain discounts will be triggered automatically when you quote, but once in a while a discount must be inquired about in order for you to get them.

• Driver Safety - Passing a driver safety class could possibly earn you a 5% discount and also improve your driving technique.
• Save with a New Car - Buying insurance coverage on a new vehicle can cost up to 25% less since new vehicles are generally safer.
• Claim-Free Discount - Insureds with no claims or accidents can save substantially as compared to drivers who are more careless.
• Fewer Miles Equal More Savings - Fewer annual miles on your Toyota could be rewarded with cheaper insurance rates.
• Senior Citizen Rates - If you qualify as a senior citizen, you can get reduced rates.
• E-sign - A few larger online companies give back up to $50 just for signing your application on your computer.
• Home Ownership Discount - Just being a homeowner can save a few bucks due to the fact that maintaining a home requires a higher level of personal finance.

It's important to understand that most discount credits are not given to the whole policy. Most only cut specific coverage prices like liability and collision coverage. So even though they make it sound like all those discounts means the company will pay you, you won't be that lucky.

Insurance companies that may offer some of the above discounts may include but are not limited to:

• State Farm
• Progressive
• Progressive
• MetLife
• Farm Bureau
• GEICO
• SAFECO

Before buying, ask all companies you are considering how you can save money. All car insurance discounts may not apply to policyholders everywhere. To locate companies who offer insurance discounts in Chicago, click here to view.

Local Chicago car insurance agents

A small number of people just want to visit with an insurance agent and often times that is recommended A nice benefit of comparing rate quotes online is you can get cheap car insurance rates and still have a local agent. Putting coverage with local insurance agents is important particularly in Chicago.

For easy comparison, once you complete this quick form, your insurance data is emailed to insurance agents in Chicago who will give you bids and help you find cheaper coverage. There is no reason to search for an agent since rate quotes are delivered to you directly. You can find lower rates and a licensed agent to work with. If you want to quote rates from one company in particular, just search and find their rate quote page and complete a quote there.

If you want to use a good insurance agency, you need to know there are two different types of agencies to choose from. Car insurance policy providers can be described as either independent or exclusive.

Independent Car Insurance Agencies

Independent agents do not sell for just one brand so they can quote policies through many different car insurance companies and help determine which has the cheapest rates. If they quote lower rates, your agent can just switch to a different company and you stay with the same agent. When comparing car insurance prices, we recommend you get quotes from at a minimum one independent agency in order to have the best price comparison.

Listed below are Chicago independent agencies that can possibly get you comparison quotes.

View more Chicago agents

Exclusive Car Insurance Agencies

These type of agents can usually just insure with one company like State Farm, Allstate and AAA. They are unable to provide other company's prices so they have to upsell other benefits. Exclusive agencies receive extensive training on their products and sales techniques and that enables them to sell even at higher rates.

Shown below are exclusive agencies in Chicago who can help you get price quote information.

View more Chicago agents

Selecting an insurance agent requires more thought than just a low price. The following questions are important to ask.

• How long have they been in business?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Do they prorate repair cost based on vehicle mileage?
• Will one accident increase rates?
• Where are claims handled?
• Which insurance companies are they affiliated with?
• Are they in the agency full-time?

Car insurance policy specifics

Learning about specific coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the usual coverages found on most car insurance policies.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Toyota Sienna.

Because many people have only the minimum liability required by law (20/40/15), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are set the same as your liability limits.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, a broken windshield, fire damage, falling objects and hail damage. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto collision coverage

Collision insurance pays for damage to your Sienna resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like damaging your car on a curb, hitting a parking meter, crashing into a ditch, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible on your Sienna in order to get cheaper collision rates.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like hospital visits, funeral costs, rehabilitation expenses and chiropractic care. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available and may carry a deductible

Liability car insurance

This protects you from damage or injury you incur to people or other property in an accident. It protects you against other people's claims. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 20/40/15 which means $20,000 in coverage for each person's injuries, a total of $40,000 of bodily injury coverage per accident, and a total limit of $15,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things such as medical expenses, court costs, structural damage and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy as high a limit as you can afford. Illinois state minimum liability requirements are 20/40/15 but you should think about purchasing more liability than the minimum.

Affordable auto insurance rates are out there

We just presented some good ideas how to get a better price on Toyota Sienna insurance in Chicago. The key thing to remember is the more price quotes you have, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest priced auto insurance comes from a lesser-known regional company. These smaller insurers can often provide lower premium rates in certain areas than their larger competitors like State Farm or Progressive.

When trying to cut insurance costs, make sure you don't skimp on coverage in order to save money. In many instances, consumers will sacrifice collision coverage only to regret at claim time that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at the best possible price but still have enough coverage for asset protection.

Much more information about auto insurance in Illinois can be found at the links below

• Avoiding Deer Collisions (Insurance Information Institute)
• Who Has Cheap Car Insurance Rates for 16 Year Olds in Chicago? (FAQ)
• Medical Payments Coverage (Liberty Mutual)
• Teen Driving and Texting (State Farm)