Affordable Toyota Matrix Insurance in Bakersfield

Are you irritated from paying out the nose to pay car insurance each month? You are in the same boat as many other drivers in California.

Discount Toyota Matrix insuranceA recent car insurance study revealed that nearly 70% of consumers kept their policy with the same company for well over three years, and nearly 40% of drivers have never quoted rates to find cheaper coverage. California insurance shoppers could save an average of approximately $469 each year by just comparing quotes, but they underestimate the amount of money they would save if they switched to a cheaper policy.

Steps to saving on Toyota Matrix insurance in Bakersfield

The easiest way to get the cheapest car insurance rates is to do an annual price comparison from insurance carriers that sell auto insurance in Bakersfield. Price quotes can be compared by following these guidelines.

  1. It will benefit you to learn about the coverage provided by your policy and the modifications you can make to lower rates. Many rating criteria that cause rate increases like traffic citations, accidents, and a low credit score can be improved by making minor changes to your lifestyle. Later in this article we will cover additional tips to get lower rates and get discounts that may be overlooked.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like GEICO and Allstate, while agents who are independent can provide price quotes from multiple companies. Begin your rate comparison
  3. Compare the new rate quotes to your current policy and determine if cheaper Matrix coverage is available in Bakersfield. If you find a lower rate and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Give notification to your current company of your intent to cancel the current policy and submit payment and a signed application for your new coverage. Once the application is submitted, put the certificate verifying coverage in an accessible location in your vehicle.

A valuable tip to remember is that you use identical coverages on every quote and to quote with every insurance company. This guarantees a fair price comparison and the best price selection.

There is such a variety of car insurance companies to buy insurance from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to find the lowest rates for Toyota Matrix insurance in Bakersfield.

Finding the cheapest car insurance coverage in Bakersfield can initially seem challenging. If you currently have car insurance, you will be able to reduce premiums using the concepts covered in this article. Comparison shoppers just have to know the proper way to compare price quotes using one simple form.

Informed Consumers Can Cut Their Insurance Premiums

Many different elements are part of the calculation when you get a price on insurance. Some factors are common sense like your driving record, although others are less obvious such as your credit history and annual miles driven.

The following companies can provide price quotes in Bakersfield, CA. If multiple companies are listed, it’s a good idea that you visit as many as you can to get the best price comparison.

Rate information and statistics

The information displayed below outlines different rate quotes for Toyota Matrix models. Understanding more about how rate quotes are calculated is important for making smart choices when selecting a policy.

Toyota Matrix Insurance Rates in Bakersfield, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $232 $490 $424 $26 $126 $1,298 $108
Matrix S 2WD $266 $576 $424 $26 $126 $1,418 $118
Matrix S AWD $266 $576 $424 $26 $126 $1,418 $118
Matrix XRS 2WD $266 $576 $424 $26 $126 $1,418 $118
Get Your Own Custom Quote Go

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Information does not factor in specific location which can change coverage prices noticeably.

Higher deductibles lower rates

When comparing car insurance rates, the most common question is where should you set your physical damage deductibles. The comparisons below determine the rate fluctuation between low and high comp and collision deductibles. The first set of rates uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.

Toyota Matrix insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $332 $686 $442 $26 $132 $1,643 $137
Matrix S 2WD $380 $810 $442 $26 $132 $1,815 $151
Matrix S AWD $380 $810 $442 $26 $132 $1,815 $151
Matrix XRS 2WD $380 $810 $442 $26 $132 $1,815 $151
Get Your Own Custom Quote Go

Toyota Matrix insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Matrix 2WD $184 $362 $442 $26 $132 $1,146 $96
Matrix S 2WD $210 $426 $442 $26 $132 $1,236 $103
Matrix S AWD $210 $426 $442 $26 $132 $1,236 $103
Matrix XRS 2WD $210 $426 $442 $26 $132 $1,236 $103
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in Bakersfield location which can lower or raise premium rates greatly.

Based on this data, using a $100 deductible costs roughly $47 more each month or $564 a year than choosing the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 19 months between claim filings, you would probably save some money if you elect the higher deductible. Below is how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $148
Average monthly premium for $1,000 deductibles (subtract): – $101
Monthly savings from raising deductible: $47
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $47
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important sidenote is that increasing deductibles to save money means you will have to pay more of your own money when you file a claim. It will be required that you have some extra savings in the event you need to pay the deductible.

How much more does full coverage cost?

The diagram below compares Toyota Matrix annual premium costs with and without full coverage. The information is based on no claims or violations, $250 deductibles, single marital status, and no discounts are applied to the premium.

When to drop comp and collision

There isn’t a steadfast formula of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Toyota Matrix replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying the physical damage deductible. If you are currently paying more than $700 annually for full coverage, then you may need to consider dropping full coverage.

There are some situations where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage.

Why do I need car insurance?

Despite the high cost, maintaining insurance serves several important purposes.

The benefits of insuring your car definitely exceed the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $800 each year so compare quotes from several companies every year to help ensure money is not being wasted.

Insurance policy discounts for Toyota Matrix insurance in Bakersfield

Some insurers do not advertise every discount in a way that’s easy to find, so the list below contains both the well known and also the more inconspicuous insurance savings. If they aren’t giving you every credit possible, you may be paying too high a price.Insurance discounts

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky. But any discount will definitely lower your policy premiums.

The diagram below compares Toyota Matrix insurance prices with and without discounts applied to the premium. The prices are based on a male driver, no claims, a clean driving record, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, multi-car, claim-free, and safe-driver discounts applied.

Large insurance companies and the discounts they provide are:

If you need affordable Bakersfield auto insurance quotes, ask every company what discounts are available to you. Some discounts listed above might not be offered on policies in Bakersfield. To view companies that offer discounts in California, click here.

Do I need an insurance agency?

Many drivers still prefer to sit down and talk to an agent and that can be a smart move Agents are trained risk managers and help submit paperwork. The best thing about price shopping on the web is that you can obtain lower rates and still buy from a local agent.

Find insurance agent in BakersfieldFor easy comparison, once you complete this simple form, the coverage information is emailed to agents in your area that can provide free Bakersfield auto insurance quotes to get your business. There is no need to find an agent since rate quotes are delivered directly to your email. If you want to quote rates from a specific company, feel free to go to their quote page and submit a quote form there.

Choosing the best company should depend on more than just a cheap quote. Any agent in Bakersfield should be willing to answer these questions.

When researching local Bakersfield agents, there are a couple of types of agencies and how they work. Insurance agents can either be independent or exclusive. Either one can write insurance policies, but it is important to understand the difference in the companies they write for because it may have an impact on your selection of an agent.

Exclusive Agencies

Exclusive insurance agents are contracted to one company and some examples include Allstate, State Farm and Farm Bureau. Exclusive agents cannot give you multiple price quotes so they have no alternatives for high prices. These agents are usually quite knowledgeable on sales techniques and that can be a competitive advantage.

The following is a list of exclusive agencies in Bakersfield that can give you price quote information.

Jim Windes – State Farm Insurance Agent
3512 Coffee Rd dBakersfield, CA 93308(661) 588-1001View Map

5550 California Ave #101Bakersfield, CA 93309(661) 431-1780View Map

3721 Columbus StBakersfield, CA 93306(661) 872-7770View Map

More insurance agents

Independent Insurance Agents

These agents are not locked into one company so they have the ability to put coverage with any number of different companies and potentially find a lower price. If they quote lower rates, they simply move your policy to a different company and you don’t have to find a new agent. If you need cheaper insurance rates, we recommend you include rate quotes from multiple independent agents to maximize your price options.

Shown below is a list of independent insurance agencies in Bakersfield willing to provide price quote information.

42 Bernard StBakersfield, CA 93305(661) 322-2023View Map

2100 F St # 200Bakersfield, CA 93301(661) 327-9731View Map

4200 Truxtun Ave # 102Bakersfield, CA 93309(661) 327-8010View Map

More insurance agents

Upon getting positive feedback to these questions and a low price estimate, you have narrowed it down to an auto insurance agent that is reputable and can service your policy.

Best auto insurance company in California

Selecting the top auto insurance provider can be a challenge considering how many companies there are to choose from in California. The company rank data displayed below can help you choose which coverage providers you want to consider comparing prices from.

Top Auto Insurance Companies in Bakersfield
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
Compare Rates Now Go

Data Source: Best Car Insurance Companies

How to know if you need help

When buying proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s and your auto insurance should be unique as well.Higher deductibles save money
These are some specific questions may help highlight if your situation would benefit from an agent’s advice.

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Cheaper auto insurance is a realistic goal

In this article, we presented some good ideas how to shop for Toyota Matrix insurance online. The key concept to understand is the more times you quote, the better likelihood of getting inexpensive Bakersfield auto insurance quotes. You may even be surprised to find that the biggest savings come from a small local company. Regional companies can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

While you’re price shopping online, it’s a bad idea to sacrifice coverage to reduce premiums. There are many occasions where consumers will sacrifice uninsured motorist or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy enough coverage at the best possible price, not the least amount of coverage.

Lower-priced auto insurance in Bakersfield can be found from both online companies and from local insurance agents, so you need to shop Bakersfield auto insurance with both to have the best rate selection. A few companies do not provide online price quotes and usually these small insurance companies work with independent agencies.

Steps to finding the cheapest rates for Toyota Matrix insurance in Bakersfield

Really, the only way to find more affordable Toyota Matrix insurance is to start doing an annual price comparison from providers who provide car insurance in Bakersfield.

  1. It will benefit you to learn about how car insurance works and the things you can change to prevent expensive coverage. Many things that result in higher prices such as inattentive driving and a lousy credit rating can be rectified by making minor driving habit or lifestyle changes.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like Progressive or Allstate, while independent agencies can give you price quotes from many different companies.
  3. Compare the new rates to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote and switch companies, make sure there is no coverage gap between policies.

One tip to remember is to use identical coverages on each quote and and to get prices from as many different companies as possible. Doing this guarantees an apples-to-apples comparison and many rates to choose from.

More articles