Want to know how to find the cheapest car insurance rates in Dallas, TX? Dallas consumers have lots of choices when looking for the lowest priced Toyota Yaris insurance. You can either spend your time struggling with agents trying to get quotes or save time using the internet to compare rates.
There is a right way and a wrong way to shop for car insurance so you’re going to learn the best way to compare rates on a Toyota and locate the lowest possible price.
First Step: Get free Toyota Yaris insurance quotes
Most larger insurance companies like Progressive, Allstate and GEICO provide coverage price quotes from their websites. Getting quotes for Toyota Yaris insurance in Dallas doesn’t take a lot of time as you just enter the coverages you want into a form. Once you submit the form, the quote system sends out for your driving and credit reports and quotes a price based on these and other factors.
This simplifies rate comparisons, and it’s very important to have as many quotes as possible if you are searching for the best rate on auto insurance.
To quickly compare pricing, compare rate quotes from the providers shown below. To compare your current rates, we recommend you replicate coverages and limits as close as possible to your current policy. This ensures you will have rate quotes based on identical coverages.
The companies in the list below offer price quotes in Dallas, TX. If the list has multiple companies, it’s a good idea that you visit several of them to find the lowest car insurance rates.
Toyota Yaris insurance rates and statistics
The coverage table shown next covers a range of insurance coverage prices for Toyota Yaris models. Learning as much as possible about how auto insurance policy rates are formulated can be of help when making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $136 | $322 | $486 | $28 | $146 | $1,118 | $93 |
| Yaris 4-Dr Hatchback | $136 | $322 | $430 | $26 | $128 | $1,042 | $87 |
| Yaris 4-Dr Sedan | $136 | $322 | $430 | $26 | $128 | $1,042 | $87 |
| Yaris S 2-Dr Hatchback | $156 | $322 | $486 | $28 | $146 | $1,138 | $95 |
| Yaris S 4-Dr Hatchback | $156 | $322 | $430 | $26 | $128 | $1,062 | $89 |
| Yaris S 4-Dr Sedan | $156 | $322 | $430 | $26 | $128 | $1,062 | $89 |
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in garaging location in Dallas which can raise or lower prices significantly.
The example below illustrates how choosing a deductible and can affect Toyota Yaris premium costs for each age group. The data assumes a single male driver, full physical damage coverage, and no other discounts are factored in.
Comparison of full coverage and liability-only policies
The example below shows the comparison of Toyota Yaris yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There is no set guideline of when to exclude full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Toyota Yaris replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $5,000 after the deductible is paid. If you are paying more than $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
You may qualify for discounts for Toyota Yaris insurance in Dallas
Car insurance companies don’t always list every available discount in a way that’s easy to find, so the following list contains both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.
- College Student Discount – Older children who are attending college and won’t have access to an insured vehicle may be insured at a cheaper rate.
- Good Student – Excelling in school could provide a savings of up to 20% or more. Many companies even apply the discount to college students up until you turn 25.
- Early Renewal Discounts – Some insurance companies provide a discount for signing up before your current coverage expires. Ten percent is about the average savings.
- Safety Course Discount – Completing a defensive driving class is a good idea and can lower rates if your company offers it.
- One Accident Forgiven – This one isn’t a discount, but a handful of insurance companies will forgive one accident without getting socked with a rate hike so long as you are claim-free for a set time period.
As a footnote on discounts, many deductions do not apply to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way.
The diagram below shows the difference between Toyota Yaris insurance costs with and without discounts applied to the premium. The rates are based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, multi-policy, multi-car, and safe-driver discounts applied.
To find companies that offer many of these discounts in Texas, click here.
Why you need to buy auto insurance
Despite the high cost of buying insurance for a Toyota Yaris in Dallas, maintaining insurance serves a purpose in several ways.
First, the majority of states have mandatory liability insurance requirements which means state laws require a specific minimum amount of liability in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your vehicle, it’s guaranteed your bank will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank will be required to insure your Toyota for a much higher rate and force you to pay for it.
Third, auto insurance protects not only your Toyota but also your financial assets. It will also reimburse you for many types of medical costs incurred in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will cover the repair costs.
The benefits of insuring your Yaris are without a doubt worth the cost, specifically if you ever have a liability claim. As of last year, the average driver in Texas overpays as much as $830 a year so it’s recommended you shop around each time the policy renews to make sure the price is not too high.
When should I talk to an agent?
A small number of people would rather talk to an insurance agent and there is nothing wrong with that. Professional insurance agents are highly skilled in risk management and help you file claims. The biggest benefit of price shopping on the web is you may find better rates and still have a local agent. And buying from neighborhood insurance agencies is especially important in Dallas.
Upon completion of this form (opens in new window), your insurance coverage information is sent to agents in your area who will give you quotes for your coverage. There is no need to find an agent because prices are sent to the email address you provide. If you need to compare prices from one company in particular, you can always go to their quote page to submit a rate quote request.
Insurance agent types
If you need to find local Dallas agents, you should know the different types of agencies that differ in how they can insure your vehicles. Insurance agencies in Dallas are considered either independent or exclusive. Both types can handle insurance, but it’s important to know the differences since it may influence which type of agent you select.
Independent Agents
Independent agencies are not required to write business for one company and that allows them to write policies with lots of companies and find the cheapest rate. To transfer your coverage to a different company, your policy is moved internally and that require little work on your part.
If you are comparing rate quotes, it’s a good idea to check rates from at a minimum one independent agency for maximum quote selection. A lot of them also have access to lesser-known insurance companies which may have better rates.
The following is a short list of independent insurance agencies in Dallas who can help you get free insurance quotes.
- Frederiksen and Frederiksen Insurance
12900 Preston Rd #500 – Dallas, TX 75230 – (972) 387-8646 – View Map - Calema Insurance Agency
3021 Lombardy Ln #101 – Dallas, TX 75220 – (469) 341-7831 – View Map - Bankhead Insurance Agency LLC
10935 Estate Ln #380 – Dallas, TX 75238 – (214) 343-1333 – View Map
Exclusive Insurance Agents
Agents that elect to be exclusive generally can only insure with one company and examples are Farmers Insurance and State Farm. These agents are not able to place coverage with different providers so you need to shop around if the rates are high. Exclusive agencies are very knowledgeable in insurance sales which helps offset the inability to provide other markets. A lot of people buy from exclusive agents mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.
The following are exclusive insurance agents in Dallas willing to provide price quote information.
- John Hall – State Farm Insurance Agent
3110 Webb Ave #205 – Dallas, TX 75205 – (972) 807-2051 – View Map - Phil Maxey – State Farm Insurance Agent
17304 Preston Rd Ste 125 – Dallas, TX 75252 – (972) 233-2222 – View Map - Larry Sandlin – State Farm Insurance Agent
4560 W Mockingbird Ln #120 – Dallas, TX 75209 – (214) 526-5227 – View Map
Finding a good insurance agency requires more thought than just a cheap price. Here are some questions you should ask.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How much training do they have in personal risk management?
- Can you get a list of referrals?
- Are there any extra charges for paying monthly?
- Is assistance available after office hours?
- Can you use your own choice of collision repair facility?
- By raising physical damage deductibles, how much would you save?
- Where would your vehicle be repaired?