Pip insurance

Discussion in 'Toyota Prius Plug-in' started by bvoyles, Apr 9, 2012.

  1. bvoyles

    bvoyles Junior Member

    Joined:
    Nov 23, 2011
    20
    7
    San Diego
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    I added the Prius Plug In to my auto insurance when I picked it up last week. The premium is about $400 per year more than my other vehicle (a Lexus which actually cost more when purchased than my PIP basic) but the exact same coverage. I called my agent at State Farm to make sure they applied all the normal discounts (good driver, multi car, etc.). He said yes, but could not explain why the PIP was so much more than the Lexus. Just curious - is insurance for the PIP more than regular vehicles of similar cost? Anyone else experience this? Looks like I'm going to be shopping for insurance quotes.
     
  2. crewdog

    crewdog AARPrius User

    Joined:
    Jul 23, 2009
    319
    104
    Woodstock, GA
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Advanced
    I have State Farm as well, and my premium only increased $35 for the 6 month period ending 6/21. That is over what I was already paying for a 2006 Prius. I got the same deductibles and multi-line, and multi-vehicle discounts as I was paying before.

    The agent did advise me during the pre-order process to put insurance coverage on old Prius "on suspension" until the new PiP arrives. She said that would save me some accumulated discounts etc since i was replacing Prius with a Prius.

    The next full renewal will tell for sure.
     
    2 people like this.
  3. denali

    denali Junior Member

    Joined:
    Jan 3, 2012
    17
    8
    CA
    Vehicle:
    2012 Prius Plug-in
    My insurance went down by about $30 a year coming from a late model Civic to the PiP even though it's a much more expensive vehicle. Something seems fishy here.
     
    1 person likes this.
  4. ultraseven

    ultraseven New Member

    Joined:
    Mar 6, 2012
    47
    2
    SF Bay Area
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Not really as the cost of premium depends on a number of factors, the primary being your sex, age, and vehicle type.

    As an example when I moved from a 2000 Prelude to a 2004 Mercedes C class AMG (equivalent to a M3) my insurance for 6 months went up by a mere $120 even though the car is 3 times the price.

    Civics and Preludes are classified as high risk/theft vehicles and therefore carry a higher premium. Though in mind a car with about 150 more hp should be higher risk :p

    For reference my new Prius Plug In is adding about $230/6 months over my existing premium to cover *2* cars instead of 1. Pretty much in line with what I expected.
     
    1 person likes this.
  5. UCBRUINS

    UCBRUINS Member

    Joined:
    Mar 25, 2011
    89
    41
    LA
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Advanced
    $40 more for a 6 month period when adding to my other two vehicles.
     
    1 person likes this.
  6. LenP

    LenP Member

    Joined:
    Oct 17, 2011
    257
    67
    Morris County, NJ
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    I have Liberty Mutual and got a $400 increase also. It depends on the state your in. NJ is way higher then say PA and they are next to each other.
     
    1 person likes this.
  7. Paradox

    Paradox Prius Enthusiast / Moderator
    Staff Member

    Joined:
    Sep 22, 2005
    17,796
    4,582
    USA
    Vehicle:
    2014 Prius v wagon
    Model:
    Five
    I have USAA and going from my 2010 Prius V with AT to my 2012 PiP Advanced my insurance went up about $200 for the 6 month policy. So similar to crewdog...
     
    1 person likes this.
  8. rogerv

    rogerv Senior Member

    Joined:
    Dec 10, 2008
    1,631
    302
    Simi Valley, California
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    My premium increased by $234 over my '06 Prius for the remaining 9 months of my Auto Club policy, with the same rating criteria, discounts, etc. So on an annual basis, I would expect it to be a $312 increase.
     
    1 person likes this.
  9. andyprius

    andyprius Senior Member

    Joined:
    Feb 21, 2005
    2,212
    163
    Sacramento, California.
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    What company are you with ?
     
  10. Biking Maniac

    Biking Maniac Junior Member

    Joined:
    Nov 18, 2011
    55
    19
    Menomonie Wisconsin
    Vehicle:
    2001 Prius
    Model:
    N/A
    State Farm. $108 for 6 months coverage @250k/500k/100k when added to my other 3 Prius.
     
  11. devprius

    devprius /dev/geek

    Joined:
    Jan 2, 2006
    877
    219
    San Francisco Bay Area, CA
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    We actually saw a reduction in our overall monthly payment when I added the PiP as a 5th car to the policy. We're with State Farm as well, which carries our homeowners policy & personal umbrella policy, so we're in for tons of discounts...
     
  12. priuskitty

    priuskitty PIP FAN

    Joined:
    Nov 18, 2011
    2,260
    312
    Clawson, Michigan
    Vehicle:
    2015 Prius Plug-in
    Model:
    Plug-in Base
    I switched from AAA to Allstate and saved $16.00 a month, plus AAA doesn't have vanishing deductible, Allstate does.
     
  13. ukr2

    ukr2 Active Member

    Joined:
    Feb 5, 2007
    888
    157
    Victor, NY
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Allstate for my 2007 Prius was $339.70 / 6 months and now my 2012 PIP is $358.70 / 6 months or $38 more per year for the newer car.

    My wife's 2012 Camaro Convertable 6 cyl 6-speed is $390.70 / 6 months.
    So I'm saving gas and insurance !!!
     
  14. sjblee

    sjblee Junior Member

    Joined:
    Dec 16, 2009
    14
    3
    San Jose, CA
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Advanced
    I have State Farm and with 250/500/100 & 500 deductible policy cost $351.84 for 6 months.
     
  15. SCDrJ

    SCDrJ New Member

    Joined:
    Jun 18, 2006
    120
    20
    Orange County, CA
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Geico - $90 more for 6 months compared to removed 2011 Prius III, 100 comp deductible, 500 collision deductible. Increase was mainly in the comp/collision, liability remained the same.
     
  16. denali

    denali Junior Member

    Joined:
    Jan 3, 2012
    17
    8
    CA
    Vehicle:
    2012 Prius Plug-in
    aaa.
     
  17. Sandiegomom

    Sandiegomom New Member

    Joined:
    Nov 25, 2011
    109
    28
    San Diego
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Mine increased $40/mo from my 2006 Accord. I increased my deductibles both to $500 and that brought it down by $20, but geez. They said the Accord was group 16 and the PiP is group 24. So... I will be shopping around for some new quotes.

    This is State Farm.
     
  18. cheeseguy

    cheeseguy Junior Member

    Joined:
    Mar 26, 2012
    38
    5
    Yorba Linda
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Advanced
    Might be time to start shopping, My prius comes in in a couple of weeks.
     
  19. Sandiegomom

    Sandiegomom New Member

    Joined:
    Nov 25, 2011
    109
    28
    San Diego
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Ugh. I just did a bunch of online quotes and what I have is the cheapest ($600/6 mo, 100/300/50 + uninsured motorist, $500/500 ded, w/ multiline for homeowners, no claims, no accidents, loyalty discount).

    I don't get it!
     
  20. bvoyles

    bvoyles Junior Member

    Joined:
    Nov 23, 2011
    20
    7
    San Diego
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Sandiegomom,
    Your increase sounds just about what mine is. I'm also with State Farm. The clerk could not explain why the big increase on the phone. I'm going to see the agent next week and ask him why the big increase just because it's a PIP. Heck, these cars are not exactly high performance sports cars! I also do not think they are very high on the stolen vehicle frequency list. I just don't get the reason for the increase.