If you want to find the absolute lowest rates, then the best way to get more affordable Toyota Venza insurance in Louisville is to start doing a yearly price comparison from companies who provide auto insurance in Kentucky. You can compare rates by following these steps.
- First, spend some time learning about how companies price auto insurance and the changes you can make to prevent expensive coverage. Many things that drive up the price like speeding tickets, careless driving and an imperfect credit history can be eliminated by improving your driving habits or financial responsibility.
- Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.
- Third, compare the new quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate quote and decide to switch, verify that coverage does not lapse between policies.
- Fourth, provide notification to your current agent or company to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new insurer. Be sure to store the proof of insurance paperwork above your visor, in the console, or in the glove compartment.
A valuable tip to remember is to try to use identical deductibles and limits on every price quote and and to compare as many auto insurance providers as possible. Doing this ensures a fair rate comparison and maximum price selection.
Amazingly, a recent NerdWallet.com study showed that a large majority of insurance policyholders have bought insurance from the same company for at least four years, and about 40% of consumers have never compared rates from other carriers. Many drivers in Kentucky can save roughly 30% each year by just comparing rate quotes, but most tend to underestimate how much savings they would realize if they switched.
Companies offering Toyota Venza insurance in Louisville
The following companies are our best choices to provide comparison quotes in Kentucky. If multiple companies are listed, we suggest you visit two to three different companies to find the most competitive auto insurance rates.
Analysis of Toyota Venza rates
The premium table displayed below covers a range of insurance policy prices for Toyota Venza models. Understanding how rate quotes are formulated can help customers make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $152 | $308 | $368 | $22 | $110 | $960 | $80 |
| Venza AWD 4-Dr | $152 | $308 | $368 | $22 | $110 | $960 | $80 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in specific location which can affect auto insurance rates substantially.
Deductible comparison
When comparing insurance rates, the most common question is which comprehensive and collision deductibles to buy. The rates shown below help summarize the price difference when you choose different comp and collision deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Venza AWD 4-Dr | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Venza AWD 4-Dr | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Information does not factor in your specific Louisville location which can impact premiums noticeably.
We can derive from the above data that using a $100 deductible will cost you about $37 more each month or $444 each year than buying the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 24 months between claims, you would probably come out ahead if you elect the higher deductible.
The information below demonstrates how deductible levels and can influence Toyota Venza premium costs for different categories of driver ages. The costs are based on a married male driver, comp and collision included, and no discounts are taken into consideration.
Insurance rates based on gender
The chart below shows the difference between Toyota Venza auto insurance costs for male and female drivers. The prices are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, marital status is single, and no discounts are applied.
Get cheaper Toyota Venza insurance rates in Louisville
Companies offering auto insurance don’t always publicize all discounts very clearly, so the following list contains both the well known and the harder-to-find savings tricks you should be using when you buy Louisville auto insurance online.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy some life insurance too.
- Responsible Driver Discount – Insureds without accidents can pay as much as 50% less than drivers with accidents.
- Claim Free – Drivers with accident-free driving histories pay much less when compared to drivers who are more careless.
- Military Discounts – Being deployed with a military unit could be rewarded with lower premium rates.
- Save with More Vehicles Insured – Buying a policy with primary and secondary vehicles on one policy can get a discount on all vehicles.
- Defensive Driver – Passing a safe driver course could save 5% or more and easily pay for the cost of the class.
- Driver’s Ed – Require your teen driver to complete a driver education course in high school.
- Passive Restraints and Air Bags – Factory air bags can qualify for discounts as much as 30%.
Don’t be shocked that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.
The information below shows the difference between Toyota Venza premium costs with and without policy discounts. The costs are based on a male driver, no claims or driving citations, Kentucky 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 claim-free, multi-policy, safe-driver, homeowner, multi-car, and marriage discounts applied.
Popular auto insurance companies and some of the discounts include:
- Farmers Insurance includes discounts for good student, distant student, alternative fuel, homeowner, teen driver, switch companies, and bundle discounts.
- Esurance offers discounts for online shopper, online quote, safety device, paid-in-full, Pac-12 alumni, and anti-theft.
- State Farm has savings for passive restraint, multiple policy, multiple autos, good student, safe vehicle, defensive driving training, and accident-free.
- GEICO discounts include good student, emergency military deployment, daytime running lights, driver training, defensive driver, anti-lock brakes, and multi-vehicle.
- Allstate may offer discounts for anti-lock brakes, early signing, multi-policy, passive restraint, and resident student.
It’s a good idea to ask every prospective company which credits you are entitled to. Some discounts listed above may not apply to policies in Louisville. If you would like to view insurance companies that offer some of these discounts in Louisville, follow this link.
Smart Buyers Can Reduce Insurance Rates
Multiple criteria are taken into consideration when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but other criteria are less apparent such as your credit history or your financial responsibility. An important part of buying insurance is that you know the factors that go into determining your premiums. If you know what controls the rates you pay, this helps enable you to make changes that may reward you with cheaper rates.
- Your vocation may affect rates – Occupations such as doctors, business owners, and emergency personnel generally have higher rates than the rest of us because of high stress and long work hours. Conversely, careers like scientists, historians and retirees receive lower rates.
- Get hitched and get better rates – Having a significant other may cut your premiums compared to being single. It may mean you are more financially stable and insurance companies like that drivers who are married file infrequent claims.
- Bundle home and auto and save – Some auto insurance companies will award a discount for people who have multiple policies with them such as combining an auto and homeowners policy. If you currently are using one company, drivers will still want to comparison shop to verify if the discount is saving money.There is a good possibility that you can save even more by buying insurance from more than one company.
- Drive fewer miles and save – Driving a lot of miles in a year the more you’ll pay to insure your vehicle. Most companies charge to insure your cars based upon how the vehicle is primarily used. Autos left parked in the garage receive better premium rates than those that get driven frequently. A policy that improperly rates your Venza is throwing money out the window. Verify your auto insurance policy states the right rating data.
- What are good liability limits? – The liability coverage on your policy will provide protection when a jury decides you are liable for physical damage or personal injury to other. Liability insurance provides legal defense coverage which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
- Coverage lapses raise rates – Letting your insurance expire will be a fast way to pay more for auto insurance. And not only will insurance be more expensive, failure to provide proof of insurance could earn you a hefty fine and possibly a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Kentucky DMV.
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Mature drivers pay less – Beginning drivers in Kentucky are proven to be inattentive behind the wheel so auto insurance rates are higher. Older people have been proven to be more responsible, cost insurance companies less in claims, and are safer drivers.
The data below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
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Toyota Venza claim data – Companies use claims history as a way to help calculate a profitable premium rate. Vehicles that the data determines to have high amounts or severity of claims will have a higher premium rate. The table below illustrates the historical insurance loss data for Toyota Venza vehicles.
For each coverage category, the loss probability for all vehicles averaged together is represented as 100. Values below 100 suggest a positive loss record, while values that are 100 or greater indicate higher probability of having a loss or larger claims.
Car Insurance Loss Data for Toyota Venza Models Vehicle 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 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t assume everyone needs the same car insurance coverage
Always remember that when buying coverage online or from an agent, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that
For example, these questions might help in determining whether your personal situation will benefit from professional help.
- Is my dog or cat covered if injured in an accident?
- Should I rate my Toyota Venza as pleasure use or commute?
- Am I covered when driving someone else’s vehicle?
- I don’t drive much so do I pay less?
- What can I do if my company won’t pay a claim?
- Do I need an umbrella policy?
- Which companies are cheaper for teen drivers?
- Is my custom stereo system covered?
- What is glass protection for?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.
Auto insurance quotes from local Louisville insurance agents
Many drivers just want to sit down and talk to an agent and that can be a great decision Good insurance agents can point out coverage gaps and will help you if you have claims. A good thing about comparing rate quotes online is the fact that you can find the best rates but also keep your business local. Buying from and supporting local insurance agencies is still important in Louisville.
To find an agent, once you fill out this form (opens in new window), your insurance coverage information is submitted to insurance agents in Louisville who will gladly provide quotes for your auto insurance coverage. You won’t even need to find an agent on your own because quoted prices will be sent to the email address you provide. If you need to compare rates from a particular provider, don’t hesitate to find their quoting web page and fill out their quote form.
Shown below is a list of auto insurance companies in Louisville willing to provide comparison quotes for Toyota Venza insurance in Louisville.
Nelson Insurance Group
2000 Envoy Cir # 2000 – Louisville, KY 40299 – (502) 736-7000 – View Map
Dave Goodman – State Farm Insurance Agent
1906 Crums Ln – Louisville, KY 40216 – (502) 448-5436 – View Map
Duane Riley – State Farm Insurance Agent
7707 Bardstown Rd – Louisville, KY 40291 – (502) 231-7850 – View Map
Vince Jarboe – State Farm Insurance Agent
5101 New Cut Rd – Louisville, KY 40214 – (502) 380-3800 – View Map
Picking the best provider needs to be determined by more than just a cheap quote. Any agent in Louisville should be forthright in answering these questions:
- Do you work with a CSR or direct with the agent?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Is the agent and/or agency licensed to do business in Kentucky?
- Which insurance company do they prefer to write with?
- What companies can they write with?
If you get positive responses and locked in a price quote, it’s possible that you found an insurer that is reputable and can provide auto insurance coverage.
Persistence is the key to affordable rates
In this article, we covered a lot of ways to find cheap Toyota Venza insurance in Louisville. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. You may even discover the biggest savings come from a smaller regional carrier. Smaller companies may cover specific market segments cheaper than their larger competitors like Progressive and GEICO.
A few companies do not provide internet price quotes and these regional insurance providers provide coverage only through independent insurance agencies. Budget-conscious Toyota Venza insurance is available online and from local agencies, and you need to comparison shop both to have the best rate selection.
When getting Louisville auto insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where drivers have reduced liability coverage limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy enough coverage at the best possible price while still protecting your assets.
Additional information
- Side Impact Crash Tests (iihs.org)
- What Auto Insurance is Cheapest for Drivers Under 21 in Louisville? (FAQ)
- Who Has Affordable Louisville Auto Insurance Quotes for College Students? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a GMC Sierra in Louisville? (FAQ)
- How Much are Car Insurance Quotes for a Ford Fusion in Louisville? (FAQ)
- Who Has Cheap Car Insurance for a Hyundai Sonata in Louisville? (FAQ)
- Who Has Affordable Car Insurance for Unemployed Drivers in Louisville? (FAQ)
- What Auto Insurance is Cheapest for a Toyota RAV4 in Louisville? (FAQ)
- How Much are Car Insurance Rates for a Toyota Tacoma in Louisville? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Older Drivers FAQ (iihs.org)