Save Money on Toyota Sienna Insurance in Denver

How long has it been since you shopped around for low-cost Toyota Sienna insurance in Denver? Shopping for more affordable Denver Toyota Sienna insurance quotes can be challenging for beginners to buying their auto insurance over the internet. With such a large choice of insurers to choose from, how can you even start to compare them all to find cheaper auto insurance prices?

Insurance quote for Toyota Sienna in DenverRegrettably, the majority of drivers kept their policy with the same company for four years or more, and about 40% of consumers have never compared auto insurance rates at all. Most drivers in Colorado could cut their rates by as much as 35% a year by just shopping around, but they don’t know how much they could save if they switch to a new company.

It’s a good idea to price shop coverage at least once a year because insurance prices go up and down regularly. Just because you had the best rate on Toyota Sienna insurance in Denver on your last policy there may be better deals available now. You can find a lot of misleading information regarding Sienna insurance online, but in this article, you’re going to get some of the best techniques to lower your auto insurance rates in Denver.

Cheapest companies for Toyota Sienna insurance in Colorado

The companies in the list below provide free rate quotes in Denver, CO. If multiple companies are shown, we recommend you compare several of them to get the best price comparison.

Toyota Sienna Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $228 $516 $456 $28 $136 $1,364 $114
Sienna LE $190 $362 $368 $22 $110 $1,052 $88
Sienna LE AWD $160 $326 $456 $28 $136 $1,106 $92
Sienna XLE $260 $562 $396 $24 $118 $1,360 $113
Sienna XLE AWD $232 $534 $330 $20 $98 $1,214 $101
Sienna Limited $238 $458 $338 $20 $100 $1,154 $96
Sienna Limited AWD $190 $340 $352 $20 $106 $1,008 $84
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can affect premium rates substantially.

Impact of violations and accidents on rates in Denver

The information below shows how speeding tickets and at-fault claims influence Toyota Sienna insurance costs for each different age group. The information is based on a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Should you raise deductibles?

One of the most common car insurance questions is how low should you set your deductibles. The comparison tables below can help you understand how much more you’ll pay of buying low and high physical damage deductibles. The first table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Toyota Sienna insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $264 $546 $352 $20 $106 $1,313 $109
Sienna LE $302 $546 $352 $20 $106 $1,351 $113
Sienna LE AWD $302 $546 $352 $20 $106 $1,351 $113
Sienna XLE $302 $546 $352 $20 $106 $1,351 $113
Sienna XLE AWD $302 $644 $352 $20 $106 $1,449 $121
Sienna Limited $342 $644 $352 $20 $106 $1,489 $124
Sienna Limited AWD $342 $644 $352 $20 $106 $1,489 $124
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Toyota Sienna insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sienna CE $146 $288 $352 $20 $106 $912 $76
Sienna LE $168 $288 $352 $20 $106 $934 $78
Sienna LE AWD $168 $288 $352 $20 $106 $934 $78
Sienna XLE $168 $288 $352 $20 $106 $934 $78
Sienna XLE AWD $168 $340 $352 $20 $106 $986 $82
Sienna Limited $190 $340 $352 $20 $106 $1,008 $84
Sienna Limited AWD $190 $340 $352 $20 $106 $1,008 $84
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in vehicle garaging location which can affect prices noticeably.

Based on this data, using a $100 deductible will cost you about $37 more each month or $444 each year than selecting the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 24 months between claims, you would probably be better off by selecting a higher deductible.

Deductible comparison

The diagram below demonstrates how choosing different deductibles and can influence Toyota Sienna insurance prices for different ages of insureds. The costs are based on a married male driver, comp and collision included, and no other discounts are factored in.

Slash rates with these money saving discounts

Insuring your fleet can be pricey, but you may find discounts that could help you make your next renewal payment. A few discounts will automatically apply when you get a quote, but occasionally some discounts must be specially asked for before you will receive the discount.Save money with discounts

Keep in mind that many deductions do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you could get a free car insurance policy, companies wouldn’t make money that way.

If you would like to see a list of insurance companies with the best discounts in Denver, click here to view.

How Your Sienna Insurance Costs are Determined

Lots of things are used when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but others are less apparent like your continuous coverage or your commute time.

The factors shown below are most of the major factors utilized by car insurance companies to help set rates.

Marriage reduces risk – Having a wife or husband may save some money on car insurance. Having a spouse means you’re more mature and responsible and it’s proven that married drivers tend to have fewer serious accidents.

Gaps in coverage mean higher car insurance rates – Driving without insurance coverage in place is against the law and as a result your rates will increase for letting your insurance expire. Not only will you pay higher rates, not being able to provide proof of insurance could earn you a fine, jail time, or a revoked license. You could then be forced to prove you have insurance by filing a SR-22 with the Colorado motor vehicle department.

Annual mileage impacts prices – Driving more miles each year the higher the price you pay to insure it. Many insurance companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that do not get driven very much qualify for better rates than cars that get driven a lot. Improper usage on your Sienna is just wasting money. It’s a smart idea to ensure your car insurance coverage properly reflects annual mileage.

Pay more for higher performance vehicles – The make and model of the car you need insurance for makes a huge difference in your premium level. The most favorable rates are usually found on smaller low performance passenger cars, but other factors influence the final cost greatly. Because the Toyota Sienna is classified as a van and minivan, insuring your vehicle will cost similar in price as compared to the average rate in Denver.

Adjust comp and collision deductibles and save – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Toyota. Some examples of covered claims would be collision with another vehicle, collision with an animal, and damage caused by flying debris. Deductibles for physical damage state the amount of money you are willing to pay if a covered claim is submitted. The larger the amount the insured has to pay upfront, the better rate you will receive.

File insurance claims and pay more – If you’re an insured who likes to file claims you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Car insurance companies in Colorado provide discounts to people who do not rely on their insurance for small claims. Your insurance policy is intended for major claims that would cause financial hardship.

Insurance loss statistics a Toyota Sienna – Companies use past insurance losses to determine a rate that will be profitable for them. Vehicles that statistically have higher claim amounts or frequency will be charged more to insure.

The table below illustrates the insurance loss data used by companies for Toyota Sienna vehicles. For each coverage category, the claim amount for all vehicles as a whole is set at 100. Percentage numbers below 100 indicate better than average losses, while values that are above 100 indicate higher probability of having a loss or a tendency for losses to be larger than average.

Auto Insurance Loss Data for Toyota Sienna Models

Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Sienna 2WD 99 88 99 94 98 85
Toyota Sienna 4WD 106 94 102 75 65 73

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

Getting quotes from local Denver insurance agencies

Many drivers would prefer to buy from a licensed agent and often times that is recommended A nice benefit of price shopping on the web is the fact that drivers can get lower car insurance rates and also buy local.

Insurance agency in DenverTo help locate an agent, after submitting this quick form, your information is sent to insurance agents in Denver who can give free rate quotes for your business. You don’t have to contact any agents as quotes are delivered to you instantly. You can find lower rates without a big time investment. If you need to compare prices from one company in particular, you can always jump over to their website to submit a rate quote request.

Picking an insurance company requires more thought than just a cheap price. Any agent in Denver should have no problem answering these questions:

What types of car insurance agents are in Denver?

When looking for a local agent, there are a couple of different types of agents and how they differ in how they quote coverages. Insurance agencies can be described as either exclusive or independent (non-exclusive).

Exclusive Agencies

Agents that choose to be exclusive can only quote rates from one company and some examples include State Farm or Allstate. Exclusive agents cannot give you multiple price quotes so they really need to provide good service. Exclusive agents are usually quite knowledgeable on their company’s products which can be an advantage. Some consumers prefer to use the same exclusive agent mostly because of the brand legacy and solid financial strength.

The following is a list of exclusive agencies in Denver willing to provide price quotes.

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Independent Agencies or Brokers

These type of agents are appointed with more than one company so as a result can place your coverage through lots of different companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, they simply move the coverage in-house and that require little work on your part.

If you need lower rates, we recommend you contact at a minimum one independent agency for maximum quote selection. They also have the ability to place coverage with companies that do not advertise much which may have better rates.

Shown below is a short list of independent agencies in Denver who can help you get price quotes.

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The largest companies are not always cheapest

Well-known auto insurance companies like Progressive, GEICO, Allstate and State Farm seem to constantly run television, radio, and online ads. They all have a common claim that drivers can save some big amount just by switching your auto insurance policy to them. Is it even possible that every company can make the same claim? It’s all in the numbers.

All companies quote their best rates for the type of driver that earns them a profit. One example of a profitable customer might be between the ages of 30 and 50, has never had a claim, and has a high credit rating. Someone that hits that “sweet spot” will get a cheap rate quote in Denver and will pay quite a bit less when switching companies.

Drivers who are not a match for those criteria will see higher premium rates with the end result being the customer not buying. The ads say “drivers who switch” not “everybody who quotes” save that much money. That is how insurance companies can confidently make claims like that. This illustrates why it’s extremely important to get Denver auto insurance quotes as often as possible. Because you cannot predict which insurance companies will fit you best based on your risk profile.

Don’t give up on affordable coverage

When buying insurance coverage, do not reduce needed coverages to save money. There are too many instances where consumers will sacrifice full coverage only to regret that the few dollars in savings costed them thousands. The ultimate goal is to buy the best coverage you can find for the lowest cost while still protecting your assets.

People who switch companies do it for a number of reasons such as lack of trust in their agent, delays in paying claims, being labeled a high risk driver and policy non-renewal. Whatever your reason, finding a new company is less work than it seems.

In this article, we presented a lot of techniques to reduce Toyota Sienna insurance prices online in Denver. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. Consumers may even find the biggest savings come from a small local company.

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