It’s well known that car insurance companies don’t want their customers to go rate shopping. People who compare rates once a year will probably switch to a new company because they stand a good chance of finding a lower rate. A survey found that consumers who regularly compared rates saved on average $70 a month compared to other drivers who never shopped around for cheaper prices.
If finding the lowest price on Scion xD insurance is why you’re reading this, then understanding the best ways to find and compare coverage rates can make it easier to shop your coverage around.
It takes a little time, but the best way to find cheaper quotes for Scion xD insurance in Louisville is to do an annual price comparison from insurance carriers who can sell car insurance in Kentucky. You can shop around by following these guidelines.
- Step 1: Spend a few minutes and learn about how car insurance works and the things you can change to prevent expensive coverage. Many rating criteria that cause high rates like traffic violations and an unacceptable credit history can be amended by making lifestyle changes or driving safer. Read the full article for information to prevent expensive rate increases and find discounts that you may qualify for.
- Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or State Farm, while independent agencies can provide prices for many different companies. Begin your rate comparison
- Step 3: Compare the new rates to your current policy premium and determine if there is any savings. If you can save money and make a switch, make sure there is no coverage gap between policies.
- Step 4: Notify your agent or company to cancel your current coverage and submit a signed application and payment for your new policy. Be sure to safely store the certificate verifying coverage with your registration paperwork.
The critical component of shopping around is to make sure you enter identical coverages on each quote and and to get prices from as many different companies as possible. This ensures an apples-to-apples comparison and a complete price analysis.
If you have a policy now, you stand a good chance to be able to reduce the price you pay using these tips. Quoting the cheapest protection in Louisville is actually quite simple. Nevertheless, Kentucky vehicle owners need to learn the way insurance companies sell online and use it to your advantage.
To find the best car insurance rates, there are several ways to obtain and compare prices from different companies. The best way to find the lowest Scion xD rates is to jump online and get quotes.
When comparing car insurance rates, know that having more price comparisons will increase your chances of finding a lower rate than you’re paying now. Some insurance companies are not set up to provide online rate quotes, so it’s recommended that you also compare price estimates from them, too.
The companies in the list below are ready to provide price quotes in Louisville, KY. In order to find cheap car insurance in Louisville, KY, we suggest you click on several of them to find the most competitive car insurance rates.
Insurance coverage analysis
The premium information below showcases detailed analysis of insurance policy prices for Scion xD models. Learning a little about how insurance premiums are formulated helps drivers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $190 | $416 | $342 | $20 | $102 | $1,070 | $89 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium costs do not factor in zip code location which can influence premiums greatly.
Deductible analysis
The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The data tables below may help you to understand the cost difference between low and high physical damage deductibles. The first rate table uses a $250 deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $220 | $426 | $326 | $20 | $98 | $1,115 | $93 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in your specific Louisville location which can decrease or increase prices considerably.
Based on the figures above, using a $250 deductible will cost in the ballpark of $13 more each month or $156 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 19 months between claims, you would probably save some money if you opt for a higher deductible. The numbers below show how you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $93 |
| Average monthly premium for $500 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $13 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $13 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
An important thing to remember is that higher deductibles means you will have to pay more out-of-pocket when you file a claim. It will be required that you have some non-essential savings in the event you have to pay more for the deductible.
The diagram below illustrates how your choice of deductibles and can impact Scion xD yearly insurance costs for each age group. The premiums assume a single female driver, comp and collision included, and no discounts are factored in.
Violations and accidents raise rates
The illustration below illustrates how violations and at-fault collisions can drive up Scion xD auto insurance costs for different ages of insureds. The premiums assume a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Full coverage rates vs. liability-only
The example below visualizes the comparison of Scion xD insurance rates when comparing full coverage to liability only. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no other discounts are factored in.
Are you wasting money paying for full coverage?
There is no exact rule for dropping physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s say your Scion xD settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after paying the physical damage deductible. If premiums are more than $500 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some situations where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
Auto insurance does more than just protect your car
Despite the high cost of buying insurance for a Scion xD in Louisville, maintaining insurance serves a purpose in several ways.
- Almost all states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability insurance in order to drive the car. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Scion xD, it’s guaranteed your bank will force you to have comprehensive coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank will be required to insure your Scion at a much higher rate and require you to pay a much higher amount than you were paying before.
- Insurance safeguards both your Scion and your assets. It will also cover medical expenses incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if someone files suit against you as the result of an accident. If your Scion gets damaged, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance more than cancel out the cost, particularly if you ever have a claim. But the average driver in Kentucky overpays as much as $800 each year so it’s important to compare rates at every policy renewal to help ensure money is not being wasted.
Cheap Louisville auto insurance quotes with discounts
Buying auto insurance is not cheap, but there’s a good chance there are discounts to reduce the price significantly. Some discounts apply automatically at the time of purchase, but a few must be specially asked for before they will apply.
- No Accidents – Claim-free drivers can earn big discounts when compared to accident-prone drivers.
- Seat Belt Usage – Requiring all passengers to fasten their seat belts could save 15% off the PIP or medical payment premium.
- Drivers Ed for Students – Teen drivers should enroll and complete driver’s education as it can save substantially.
- Safety Course Discount – Passing a class that teaches safe driver techniques could possibly earn you a 5% discount if your company offers it.
- Passive Restraints – Cars that have air bags or automatic seat belts may get savings of 20 to 30 percent.
- Theft Prevention System – Vehicles that have factory anti-theft systems can help prevent theft so companies will give you a small discount.
Don’t be surprised that most discounts do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you can get free auto insurance, you’re out of luck.
The diagram below illustrates the comparison of Scion xD auto insurance rates with and without discounts being applied to the rates. The prices are based on a male driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, safe-driver, multi-car, multi-policy, and marriage discounts applied.
Companies and some of their more popular discounts can be read below.
- Esurance discounts include renters, DriveSense, safety device, multi-policy, homeowner, defensive driver, and paid-in-full.
- The Hartford has discounts for vehicle fuel type, bundle, anti-theft, defensive driver, driver training, and air bag.
- AAA includes discounts for multi-policy, multi-car, pay-in-full, good driver, anti-theft, AAA membership discount, and good student.
- GEICO policyholders can earn discounts including membership and employees, anti-theft, anti-lock brakes, multi-policy, and five-year accident-free.
- State Farm may include discounts for good driver, student away at school, Drive Safe & Save, anti-theft, multiple autos, and multiple policy.
If you are trying to find the cheapest Scion xD rate quotes, ask every company how many discounts you can get. Savings may not apply to policies in your area. To see companies that provide some of the discounts listed above in Louisville, follow this link.
How much insurance do I need?
When choosing a policy, there really is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that.
For instance, these questions can help discover whether you would benefit from an agent’s advice.
- What should my uninsured motorist coverage limits be in Kentucky?
- Where can I find high-risk insurance?
- How do I buy GAP insurance?
- What is motorclub and do I need it?
- Can I afford to buy a different vehicle if my Scion xD is totaled?
- Am I covered if I drive in a foreign country?
- What does medical payments cover?
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
When should I contact an insurance agency?
A small number of people would prefer to buy from a local agent and doing so can bring peace of mind One of the best bonuses of getting online price quotes is the fact that drivers can get cheap rate quotes and also buy local.
To make it easy to find an agent, after completing this form (opens in new window), your insurance data is immediately sent to companies in Louisville who want to provide quotes to get your business. There is no need to leave your computer as quotes are delivered immediately to your email address. Get lower rates AND an agent nearby. If you want to get a comparison quote from one company in particular, you just need to go to their quote page and fill out their quote form.
Finding the right insurance company should depend on more than just the price. Any agent in Louisville should have no problem answering these questions:
- Are they paid to recommend certain coverages?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is the coverage adequate for your vehicle?
- Who is covered by the car insurance policy?
- Can you contact them at any time?
If you would like to find a local Louisville insurance agent, you need to know there are two different types of agents and how they are slightly different. Insurance agents in Louisville are considered either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agents
Exclusive agents are contracted to one company such as Farmers Insurance and State Farm. Exclusive agents are unable to compare rates from other companies so you need to shop around if the rates are high. They are usually well trained on the products they sell and that can be a competitive advantage. Some insured continue to use the same exclusive agent mainly due to the brand name rather than low rates.
Below are Louisville exclusive insurance agencies willing to provide comparison quotes.
- Jeremy Graham – State Farm Insurance Agent
5438 New Cut Rd Ste 102 – Louisville, KY 40214 – (502) 368-6529 – View Map - David Franck – State Farm Insurance Agent
8217 Shelbyville Rd – Louisville, KY 40222 – (502) 339-1400 – View Map - Peggy Druin – State Farm Insurance Agent
1547 Old Preston Hwy N b – Louisville, KY 40229 – (502) 955-9746 – View Map
Independent Agencies or Brokers
Independent agencies are not required to write business for one company so they can insure your vehicles through lots of different companies and help determine which has the cheapest rates. If you want to switch companies, your agent can switch companies and you don’t have to switch agencies.
If you need cheaper insurance rates, we highly recommend that you get some free quotes from several independent agencies for maximum quote selection. Many write coverage with different regional companies that many times have cheaper rates.
The following is a list of independent agencies in Louisville that can give you rate quotes.
- Reeves Insurance Agency
3616 Dixie Hwy – Louisville, KY 40216 – (502) 448-6226 – View Map - Glenn E Martin Insurance
10226 Shelbyville Rd – Louisville, KY 40223 – (502) 245-8870 – View Map - Nationwide Insurance: Lisa Spalding Sherman Insurance Agency Inc
10339 Linn Station Rd – Louisville, KY 40223 – (502) 423-1611 – View Map
Auto insurance coverage information
Understanding the coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are the usual coverages available from insurance companies.
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your Scion xD.
Due to the fact that many Kentucky drivers only carry the minimum required liability limits (25/50/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like funeral costs, X-ray expenses, pain medications, prosthetic devices and ambulance fees. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision)
This pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like hail damage, fire damage and damage from flooding. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Auto collision coverage
Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as scraping a guard rail, damaging your car on a curb, hitting a parking meter, driving through your garage door and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible on your xD to save money on collision insurance.
Liability insurance
Liability coverage protects you from damage or injury you incur to a person or their property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/10 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability coverage protects against things such as attorney fees, pain and suffering and funeral expenses. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford. Kentucky requires minimum liability limits of 25/50/10 but drivers should carry more liability than the minimum.
The next chart demonstrates why low liability limits may not be adequate coverage.
Cheaper insurance is a realistic goal
Discount Scion xD insurance in Louisville is available both online and from local agencies, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies do not offer internet price quotes and these small, regional companies only sell through independent agencies.
We just presented quite a bit of information on how to reduce Scion xD insurance premium rates online in Louisville. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding low cost Louisville auto insurance quotes. You may even be surprised to find that the biggest savings come from some of the smallest insurance companies. These smaller insurers may have significantly lower prices on certain market segments than the large multi-state companies such as Allstate, GEICO and Progressive.
More detailed insurance information is located by following these links:
- Safety Features for Your New Car (State Farm)
- How Much are Car Insurance Quotes for a Ford Fusion in Louisville? (FAQ)
- How Much are Louisville Car Insurance Rates for State Employees? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Rollover Crash FAQ (iihs.org)
- What to do at the Scene of an Accident (Insurance Information Institute)