Compare Toyota Venza Insurance Rates in Las Vegas

Insurance rates Toyota Venza in Las VegasThe most effective way to get more affordable Toyota Venza insurance in Las Vegas is to compare prices regularly from providers in Nevada.

  1. Spend a few minutes and learn about policy coverages and the factors you can control to prevent rate increases. Many policy risk factors that are responsible for high rates like at-fault accidents, careless driving, and a poor credit score can be amended by paying attention to minor details. Later in this article we will cover the details to find cheap rates and get additional discounts.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or State Farm, while independent agencies can give you price quotes from many different companies. View a list of agents
  3. Compare the new rates to the premium of your current policy to see if a cheaper rate is available. If you find a lower rate, verify that coverage does not lapse between policies.
  4. Tell your current agent or company of your intent to cancel your current car insurance policy. Submit a completed policy application and payment to your new carrier. Once coverage is bound, store the proof of insurance certificate with your vehicle’s registration.

An essential thing to point out is to make sure you’re comparing identical coverage information on every quote and and to get quotes from all possible companies. This provides a level playing field and a complete price analysis.

A recent auto insurance study revealed that over 70% of consumers renewed their policy with the same company for at least the last four years, and just short of a majority have never compared quotes from other companies. Many consumers in Nevada can save roughly $550 each year by just comparing rate quotes, but they don’t know how much savings they would realize if they switched.

Lowering your auto insurance rates is a fairly straight forward process. You just have to take a couple of minutes comparing free Las Vegas auto insurance quotes to discover which company has the cheapest Toyota Venza rate quotes.

The providers in the list below are ready to provide comparison quotes in Nevada. In order to find cheap auto insurance in Las Vegas, we suggest you visit several of them in order to find the lowest rates.

Car insurance analysis for a Toyota Venza

The information displayed next highlights estimates of insurance costs for Toyota Venza models. Having a good understanding how policy rates are formulated can assist in making informed decisions when comparing rate quotes.

Toyota Venza Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $306 $472 $404 $24 $120 $1,326 $111
Venza AWD 4-Dr $306 $472 $404 $24 $120 $1,326 $111
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Las Vegas which can raise or lower auto insurance rates noticeably.

Higher deductibles save money

One common question asked by Las Vegas drivers is which deductibles should you choose. The premium rates below can help you visualize the cost difference when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Toyota Venza insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $300 $564 $308 $18 $92 $1,307 $109
Venza AWD 4-Dr $300 $564 $308 $18 $92 $1,307 $109
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Toyota Venza insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Venza 2WD 4-Dr $218 $382 $308 $18 $92 $1,018 $85
Venza AWD 4-Dr $218 $382 $308 $18 $92 $1,018 $85
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate quotes do not factor in specific Las Vegas garaging location which can lower or raise prices noticeably.

Based on the data above, we can derive that using a $100 deductible costs an average of $24 more each month or $288 annually than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have more than 17 months between claims, you would save more money if you opt for a higher deductible.

The diagram below shows how choosing a deductible and can increase or decrease Toyota Venza premium costs for different age groups of insureds. The premiums are based on a married male driver, full coverage, and no additional discounts are factored in.

Insurance premiums for males and females

The illustration below visualizes the comparison of Toyota Venza insurance premiums for male and female drivers. The rates are based on a clean driving record, no claims, full coverage, $100 deductibles, single status, and no discounts are applied.

Smart Consumers Save More

A large part of saving on insurance is knowing the factors that aid in calculating the price you pay for insurance. If you understand what determines base rates, this helps enable you to make changes that can earn you much lower annual insurance costs. Many factors are used in the calculation when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, but other criteria are not as apparent like your vehicle usage or how safe your car is.

The factors shown below are some of the most rate-impacting factors utilized by car insurance companies to help set prices.

More people means more accidents – Having an address in less populated areas of the country is a good thing if you are looking for the lowest rates. Lower population corresponds to lower accident rates. Urban drivers tend to have much more traffic and a longer drive to work. More time behind the wheel translates into higher accident risk.

Save by driving less – Driving more miles each year the higher your rates will be. Many insurance companies calculate rates based upon how you use the vehicle. Autos used primarily for pleasure use can be on a lower rate level than vehicles that are driven to work every day. Having the wrong rating on your Venza is throwing money out the window. Verify your insurance policy is rated on the proper vehicle usage.

Do you know you’re credit score? – Having a good credit rating will be a significant factor in your rate calculation. Drivers who have excellent credit tend to be more responsible as compared to drivers with lower ratings. If your credit history can be improved, you could potentially save money when insuring your Toyota Venza if you improve your credit rating.

Vocation stress can make you pay more – Occupations such as lawyers, social workers, and financial analysts generally have higher average rates attributed to stressful work requirements and lengthy work days. Conversely, careers like scientists, students and the unemployed receive lower rates.

Toyota Venza insurance loss statistics – Car insurance companies take into consideration historical loss data for every vehicle when setting rates for each model. Vehicles that the data determines to have higher frequency or amount of claims will be charged more to insure.

The information below illustrates the actual insurance loss data for Toyota Venza vehicles. For each coverage category, the loss probability for all vehicles averaged together is set at 100. Numbers shown that are under 100 represent a good loss history, while numbers that are greater than 100 indicate more frequent losses or a tendency for losses to be larger than average.

Insurance Loss Ratings for Toyota Venza Vehicles
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

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance protects more than just your car

Despite the high insurance cost for a Toyota Venza in Las Vegas, insuring your vehicle serves an important purpose.

The benefits of insuring your car more than cancel out the cost, specifically if you ever have a liability claim. As of last year, the average driver in Nevada is overpaying over $820 a year so it’s recommended you shop around once a year at a minimum to save money.

Best auto insurance in Las Vegas

Finding a good quality insurance provider can be a challenge considering how many companies sell insurance in Nevada. The rank data shown next could help you select which providers to look at when shopping your coverage around.

Top 10 Las Vegas Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA Insurance – 91%
  4. Nationwide – 90%
  5. State Farm – 90%
  6. The Hartford – 89%
  7. GEICO – 89%
  8. 21st Century – 88%
  9. Liberty Mutual – 88%
  10. Allstate – 88%

Top 10 Las Vegas Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. GEICO – A++
  4. State Farm – A++
  5. The Hartford – A+
  6. Esurance – A+
  7. Nationwide – A+
  8. Allstate – A+
  9. Mercury Insurance – A+
  10. Titan Insurance – A+