If your goal is the lowest price, then the best way to save on Scion xB insurance is to begin comparing prices regularly from insurance carriers who provide auto insurance in Tampa.
Step 1: Spend some time learning about coverages and the measures you can control to drop your rates. Many factors that are responsible for high rates like traffic citations, accidents, and poor credit can be amended by making minor driving habit or lifestyle changes.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple sources.
Step 3: Compare the new rate quotes to your existing policy and determine if there is any savings. If you find better rates and change companies, make sure there is no coverage gap between policies.
Step 4: Provide notification to your current agent or company of your intention to cancel your current car insurance policy and submit the application along with any required down payment to the new insurer. Once the application is submitted, safely store the certificate verifying proof of insurance in an easily accessible location.
An important note is that you’ll want to make sure you compare the same level of coverage on each quote and and to get price estimates from every insurance company. Doing this provides a level playing field and plenty of rates choose from.
It’s a fact that auto insurance companies want to keep you from comparing prices. Consumers who get comparison quotes once a year will, in all likelihood, switch to a new company because there is a good chance of finding discount prices. A recent survey discovered that drivers who shopped around annually saved about $70 a month compared to other drivers who never shopped around for lower prices.
If finding budget-friendly car insurance is your ultimate target, then having an understanding of how to get rate quotes and compare insurance premiums can save time, money, and frustration.
If you already have coverage, you will be able to find better prices using the concepts you’re about to learn. Finding the cheapest car insurance coverage in Tampa is easy if you know what you’re doing. Nevertheless, Florida drivers do need to learn how companies set your policy premium and use it to find better rates.
Just keep in mind that quoting more provides better odds of finding better pricing. Some companies don’t provide rate quotes online, so you need to compare prices from those companies as well.
The providers in the list below provide quotes in Tampa, FL. To buy the cheapest car insurance in FL, we recommend you click on several of them in order to find the most affordable rates.
Why car insurance is not optional
Despite the high cost of buying insurance for a Scion xB in Tampa, car insurance may be required and benefits you in several ways.
First, just about all states have minimum liability requirements which means the state requires a specific level of liability insurance coverage in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a loan, it’s guaranteed your bank will stipulate that you buy full coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Scion at a much higher rate and force you to reimburse them much more than you were paying before.
Third, insurance protects both your vehicle and your assets. It also can pay for most medical and hospital costs for yourself as well as anyone injured by you. As part of your policy, liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of carrying enough insurance more than offset the price you pay, especially with large liability claims. According to a recent study, the average American driver is overpaying over $820 a year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are competitive.
Premium rates and analysis
The coverage information shown next covers a range of rate quotes for Scion xB models. Being aware of how auto insurance policy rates are established can help guide drivers when making decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Prices do not factor in your specific Tampa location which can alter premium rates substantially.
How accidents and violations affect rates
The example below shows how traffic citations and at-fault collisions can influence Scion xB auto insurance rates for each age group. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Difference between liability only and full coverage rates
The chart below visualizes the comparison of Scion xB premium costs with liability coverage only compared to full coverage. The prices are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are factored in.
Should you pay for full coverage or liability only?
There isn’t a steadfast formula to drop physical damage coverage, but there is a broad guideline. If the annual cost of coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Scion xB settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,000 after paying your deductible. If premium cost is more than $300 annually for full coverage, then it may be the right time to buy liability only.
There are a few cases where removing full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should maintain full coverage.
Companies offer lots of discounts on Scion xB insurance in Tampa
Some insurance providers don’t necessarily list every available discount very clearly, so the list below gives a summary of some of the best known as well as the least known discounts you could be receiving when you buy Tampa auto insurance online.
- Savings for New Vehicles – Insuring a new xB can save up to 30% since new model year vehicles have better safety ratings.
- Active Military Service – Being deployed with a military unit may lower your car insurance rates slightly.
- Discount for Life Insurance – Larger car insurance companies have a lower rate if you buy life insurance from them.
- 55 and Retired – If you qualify as a senior citizen, you could receive a small discount on rates.
- Paperless Signup – Some of the larger companies will give a small break get Tampa auto insurance on your computer.
- Seat Belts Save – Forcing all vehicle occupants to buckle up could save 15% off the medical payments premium.
- Good Student – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
- Early Signing – A few companies allow discounts for signing up early. It can save you around 10%.
We need to note that some credits don’t apply to the whole policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. So even though you would think adding up those discounts means a free policy, company stockholders wouldn’t be very happy. But all discounts will lower the cost of coverage.
The example below shows the difference between Scion xB annual premium costs with and without some available policy discounts. The price estimates are based on a female driver, no claims or driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, marriage, multi-car, and safe-driver discounts applied.
Some of the insurance companies that may have most of these discounts possibly include:
When quoting, ask each insurance company how many discounts you can get. Some discounts listed above may not apply in your area. To view providers that offer discounts in Florida, follow this link.
Your situation helps dictate your coverage
Always remember that when buying proper insurance coverage, there really is no “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply.
Here are some questions about coverages that may help you determine if your situation might need an agent’s assistance.
- When should I buy a commercial auto policy?
- Is my ex-spouse still covered by my policy?
- Is my nanny covered when transporting my kids?
- Is water damage covered by my policy?
- Does liability extend to a camper or trailer?
- Do I need PIP coverage since I have good health insurance?
- What is the minimum liability in Florida?
If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.
Tampa car insurance companies ranked
Picking the highest-rated insurer is hard considering how many different companies sell coverage in Florida. The ranking data in the next section can help you choose which coverage providers to look at when shopping your coverage around.
Top 10 Tampa Car Insurance Companies Overall
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance