Trying to find better insurance prices for a Scion xB in Massachusetts can turn out to be an all-consuming task, but you can learn our insurance buying tips and make it easy.
There are both good and bad ways to find insurance online and you need to know the quickest way to get price quotes for your Scion and obtain the lowest price either online or from Boston insurance agents.
You need to do rate comparisons on a regular basis since insurance prices are constantly changing. Just because you had the best price on Scion xB insurance in Boston two years ago other companies may now be cheaper. There is too much inaccurate information about xB insurance on the internet, but I’m going to show you some proven techniques to slash your insurance rates in Boston.
Scion xB insurance rates and statistics
The information shown below outlines detailed analysis of coverage prices for Scion xB models. Being more informed about how rates are formulated can help customers make smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rate information does not factor in garaging location in Boston which can change coverage rates greatly.
Driving violations and accidents
The information below illustrates how violations and at-fault accidents can affect Scion xB auto insurance rates for different age groups. The costs are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
Premiums by gender and age
The illustration below shows the difference between Scion xB insurance costs for male and female drivers. The rates are based on no claims or driving citations, comp and collision included, $500 deductibles, single marital status, and no discounts are applied.
How much more does full coverage cost in Boston?
The illustration below compares Scion xB car insurance rates with full coverage compared to only the Massachusetts minimum liability coverage. The premiums assume no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are applied.
Deciding between full coverage and liability only
There is no clear-cut formula of when to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let’s say your Scion xB replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If you are currently paying more than $800 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some conditions where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Get Cheaper Insurance Costs by Understanding These Factors
An important part of buying insurance is that you know the factors that aid in calculating the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that can help you get cheaper rates.
High deductibles lower costs – Physical damage deductibles define the amount you are willing to pay if a covered claim is submitted. Insurance for physical damage to your car, also called ‘full coverage’, protects your car from damage. Some instances where coverage would apply would be a windshield broken by a bird, hail damage, and damage caused by road hazards. The more expense you choose to pay out-of-pocket, the lower your rates will be.
Rates are impacted by vehicle performance – The type of car you are buying insurance for makes a huge difference in your car insurance bill. Low performance passenger vehicles normally have pretty low rates, but the cost you end up paying is determined by many additional factors.
The chart below assumes a married male driver age 20, full coverage with $500 deductibles, and no discounts or violations. The chart compares Scion xB policy rates compared to other makes and models that have a range of performances.
Auto insurance rates and age – Older insureds are more cautious drivers, file fewer claims, and usually have better credit. Young drivers are known to be less responsible behind the wheel and because of this, their auto insurance rates are much higher.
The next chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
Use one insurance company and save – Most companies will give discounts to customers who consolidate policies with them in the form of a multi-policy discount. The amount of the discounts can be ten percent or more. Even though this discount sounds good, it’s in your best interest to compare other Boston xB insurance rates to guarantee you are still saving the most. Consumers may save money by insuring with multiple companies.
Liability insurance safeguards assets – Liability insurance is the coverage that protects you in the event that a jury decides you are liable for causing personal injury or damage in an accident. It will provide for a legal defense which can cost thousands of dollars. Liability insurance is pretty cheap compared to comp and collision, so do not cut corners here.
Alarm systems save money – Choosing to buy a car that has a built-in theft deterrent system can save you a little every year. Theft prevention devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder auto theft and help lower rates.
Pay less with a high IIHS safety rating – Cars with five star safety ratings can get you lower premiums. Highly rated vehicles result in less severe injuries and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If the Scion xB scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Scion xB insurance loss statistics – Insurance companies use historical loss data to help calculate premium rates. Vehicles that tend to have higher frequency or amount of claims will have a higher premium rate.
The data below shows the collected loss data for Scion xB vehicles. For each policy coverage, the claim probability for all vehicles compiled together is a value of 100. Percentage values below 100 indicate a favorable loss history, while values over 100 indicate more frequent losses or an increased probability of a larger loss.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
One last thing to lower rates
Insureds leave their current company for a variety of reasons including not issuing a premium refund, policy non-renewal, extreme rates for teen drivers or even denial of a claim. Whatever your reason, choosing a new company is pretty easy and you might even save some money in the process.
We just covered some good ideas how you can lower your Scion xB insurance auto insurance rates in Boston. It’s most important to understand that the more times you quote, the better your comparison will be. Drivers may even discover the best auto insurance rates are with a lesser-known regional company.
Some companies don’t offer the ability to get a quote online and usually these regional carriers provide coverage only through independent insurance agencies. Lower-priced Scion xB insurance in Boston is definitely available on the web and with local Boston insurance agents, and you should compare price quotes from both so you have a total pricing picture.
How to find affordable Scion xB insurance in Boston
To save the most money, the best way to get cheaper Scion xB insurance is to annually compare prices from companies who can sell car insurance in Boston.
- Step 1: Gain an understanding of individual coverages and the measures you can control to keep rates down. Many policy risk factors that result in higher rates such as inattentive driving and a negative credit score can be improved by making minor changes in your lifestyle.
- Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from many different companies.
- Step 3: Compare the new rate quotes to your existing coverage and see if there is a cheaper rate in Boston. If you can save money, ensure coverage does not lapse between policies.
- Step 4: Provide written notification to your current company of your decision to cancel your current auto insurance policy and submit payment and a completed application to the new insurer. When you receive it, put the new certificate verifying coverage in an easily accessible location in your vehicle.
The most important part of shopping around is to use identical coverage information on every quote and to quote with every insurance company. This provides a level playing field and a complete price analysis.
Additional car insurance information is available at the links below
- Side Impact Crash Tests (iihs.org)
- Who Has Cheap Boston Auto Insurance for Drivers Under 25? (FAQ)
- How Much are Auto Insurance Rates for a Toyota Camry in Boston? (FAQ)
- Who Has the Cheapest Auto Insurance for a Ford Explorer in Boston? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Prom Night Tips for Teen Drivers (State Farm)
- Choosing a Car for Your Teen (State Farm)