If you want to find the absolute lowest rates, then the best way to find cheaper prices for Scion xD insurance in Miami is to begin comparing prices regularly from insurers that insure vehicles in Florida.
- Step 1: Read and learn about how your policy works and the factors you can control to prevent rate increases. Many risk factors that increase rates such as traffic tickets, fender benders, and a less-than-favorable credit score can be improved by improving your driving habits or financial responsibility. Read the full article for tips to help keep prices low and get additional discounts that may have been overlooked.
- Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of companies.
- Step 3: Compare the new rates to your existing rates and determine if cheaper xD coverage is available. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Provide proper notification to your current company to cancel the current policy and submit a completed application and payment to the new company. Immediately upon receiving it, put the new certificate verifying proof of insurance in your glove compartment.
The critical component of shopping around is that you’ll want to make sure you compare identical limits and deductibles on every quote and and to get rates from as many companies as you can. This guarantees the most accurate price comparison and a complete price analysis.
It’s safe to conclude that auto insurance companies don’t want you quoting rates from other companies. Drivers who shop around once a year are likely to move their business because there is a good chance of finding lower rate quotes. A recent survey discovered that consumers who routinely shopped around saved an average of $3,400 over four years compared to other drivers who never compared other company’s rates.
If finding the lowest price on insurance is your ultimate objective, then understanding how to choose a company and compare cheaper coverage can make it easier to find better rates.
Miami insurance discounts for a Scion xD
Some insurers don’t always publicize all their discounts in an easy-to-find place, so we break down a few of the more well known and the harder-to-find discounts that may be available.
- Switch and Save Discount – Select insurance companies give a discount for signing up before your current xD insurance policy expires. It can save you around 10%.
- Multiple Vehicles – Buying a policy with multiple vehicles on a single policy could earn a price break for each car.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and can earn a small discount on your policy.
- Student Driver Training – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education in high school.
- New Car Discount – Buying a new car instead of a used xD can get you a discount since new vehicles have better safety ratings.
- Life Insurance Discount – Larger insurance carriers have a small discount if you purchase some life insurance in addition to your auto policy.
- E-sign Discounts – Many car insurance companies give back up to $50 for buying your policy on their website.
While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, that’s just not realistic. But any discount will definitely lower your overall premium however.
The diagram below compares Scion xD insurance prices with and without policy discounts. The prices are based on a female driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-car, multi-policy, marriage, and homeowner discounts applied.
To choose insurance companies who offer cheap Scion xD insurance quotes in Miami in Florida, click this link.
The following companies have been selected to offer price quotes in Florida. If multiple companies are listed, we recommend you visit as many as you can in order to get a fair rate comparison.
The information displayed next highlights detailed analysis of rate quotes for Scion xD models. Having a good grasp of how insurance rates are calculated can be of help when making smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|XD 4-Dr Hatchback||$242||$560||$472||$28||$142||$1,444||$120|
|Get Your Own Custom Quote Go|
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in the specific area where the vehicle is garaged which can impact premiums significantly.
Insurance rate increases from tickets or accidents
The example below shows how violations and accident claims can increase Scion xD insurance rates for different categories of driver ages. The rates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
Do I need an insurance agent?
A small number of people still like to talk to a local agent and often times that is recommended Professional insurance agents are trained to spot inefficiencies and will help you if you have claims. A good thing about getting online price quotes is that you can obtain better rates and still have an agent to talk to. Buying insurance from neighborhood agents is important especially in Miami.
After filling out this short form, your insurance coverage information is sent to local insurance agents in Miami that can provide free Miami auto insurance quotes for your insurance coverage. You don’t have to search for an agent as quotes are delivered to your email. If you have a need to get a comparison quote from a specific company, you can always visit that company’s website and fill out their quote form.
What types of car insurance agents are in Miami?
If you want to use a good insurance agency, you need to know there are two different types of agencies that you can select. Agents in Miami may be either independent (non-exclusive) or exclusive. Both write policy coverage, but it’s worth learning the difference between them because it can factor into the type of agent you choose.
Independent Auto Insurance Agents (or Brokers)
These type of agents are not employed by one company and that enables them to quote your coverage through many companies and find you cheaper rates. If premiums increase, the agent simply finds a different carrier without you having to go to a different agency.
When searching for an agent, it’s a good idea to get insurance quotes from a couple of independent agencies to have the most options to choose from. Most also have access to less well-known companies that may have much lower rates than larger companies.
Shown below is a small list of independent agencies in Miami that may be able to give free auto insurance rate quotes.
- Del Toro Insurance
3819 NW 7th St – Miami, FL 33126 – (305) 335-8676 – View Map
- JVS Insurance Agency
9600 SW 8th St #27 – Miami, FL 33174 – (305) 552-5250 – View Map
- Latin American Association-Insurance Agency
2550 NW 72nd Ave #318 – Miami, FL 33122 – (305) 477-1442 – View Map
These agents are contracted to one company and examples are State Farm, Allstate, or Farmers Insurance. They usually cannot shop your coverage around so always compare other rates. Exclusive agents receive extensive training on their products and sales techniques which helps offset the inability to provide other markets. Consumers often buy from the same agent for years mainly due to the brand and solid financial strength.
Listed below is a short list of exclusive insurance agencies in Miami who can help you get comparison quotes.
- Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2 – Miami, FL 33133 – (305) 860-0616 – View Map
- Mario Obregon – State Farm Insurance Agent
6701 Sunset Dr #115 – South Miami, FL 33143 – (305) 661-7667 – View Map
- Rick Gonzalez – State Farm Insurance Agent
8830 Coral Way – Miami, FL 33165 – (305) 226-3412 – View Map
Finding the right car insurance agent requires more thought than just a cheap quote. Below are some questions you should ask.
- Do the companies they represent have a solid financial rating?
- Are they in the agency full-time?
- Does the agency provide any after hours assistance?
- Do they have a Better Business Bureau rating in Miami?
- Do you work with a CSR or direct with the agent?
- What discounts might you be missing?
Best reasons to buy insurance in Florida
Even though it can be expensive, insurance may not be optional for several reasons.
First, just about all states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount 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 xD has a loan, almost all lenders will require you to have insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may buy a policy for your Scion at a significantly higher premium and require you to pay a much higher amount than you were paying before.
Third, insurance safeguards not only your car but also your assets. Insurance will pay for many types of medical costs that are the result of an accident. One policy coverage, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, your policy will pay to repair the damage minus the deductible amount.
The benefits of buying insurance more than cancel out the cost, particularly if you ever have a claim. According to a 2015 survey, the average American driver is overpaying over $869 every year so it’s important to compare rates at every renewal to ensure rates are competitive.
Coverages available on your policy
Understanding the coverages of your auto insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.
Collision coverage protection
This coverage pays for damage to your xD resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as colliding with another moving vehicle, sustaining damage from a pot hole, crashing into a building and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible on your xD in order to get cheaper collision rates.
Comprehensive or Other Than Collision
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for things like damage from getting keyed, damage from a tornado or hurricane and theft. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
This coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your Scion xD.
Since a lot of drivers only purchase the least amount of liability that is required (10/20/10), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are similar to your liability insurance amounts.
Medical costs insurance
Med pay and PIP coverage provide coverage for bills like ambulance fees, chiropractic care, dental work, nursing services and prosthetic devices. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible
This can cover damage or injury you incur to people or other property. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 10/20/10 that means you have $10,000 in coverage for each person’s injuries, $20,000 for the entire accident, and $10,000 of coverage for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.
Liability insurance covers things like court costs, emergency aid, medical expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible. Florida state minimum liability requirements are 10/20/10 but you should consider buying higher limits.
The next chart demonstrates why the minimum limit may not be enough coverage.
Keep this in mind when shopping around
You just learned some good ideas how you can shop for Scion xD insurance online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding low cost Miami auto insurance quotes. You may even discover the lowest priced auto insurance comes from the smaller companies.
Low-cost Scion xD insurance in Miami can be purchased from both online companies as well as from insurance agents, so you need to shop Miami auto insurance with both to get a complete price analysis. Some insurance providers do not offer online price quotes and these regional carriers provide coverage only through local independent agencies.
As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. There are many occasions where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy enough coverage at an affordable rate while still protecting your assets.
More information is available at the links below
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Who Has Affordable Auto Insurance for a School Permit in Miami? (FAQ)
- Choosing a Car for Your Teen (State Farm)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Auto Theft Statistics (Insurance Information Institute)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)