1991 Toyota MR2 Insurance Rates

Looking for cheaper insurance rates for your Toyota MR2? Nobody I know likes having to buy insurance, especially when the cost is too high. There is such a variety of car insurance companies to purchase coverage from, and although it’s nice to have a choice, it makes it harder to compare rates.

It’s a great practice to take a look at other company’s rates on a regular basis because insurance rates are adjusted regularly by insurance companies. Just because you found the best rates on MR2 coverage a couple years back there may be better deals available now. You can find a lot of misleading information regarding insurance online but we’re going to give you some good information on how to reduce your insurance bill.

Finding the best rates is quite easy. If you have car insurance now, you should be able to reduce your rates substantially using this strategy. Vehicle owners only need an understanding of how to compare company rates online.

Finding Insurance Coverage Deals

Getting a lower price on 1991 Toyota MR2 insurance can be quick and easy. You just need to spend a few minutes on the computer comparing rates online from several insurance companies. This can be accomplished in several different ways.

  1. The single most time-saving way to get the best comparison quotes is to use a rate comparison form click here to open form in new window. This method eliminates the need for repetitive form submissions for each company you want a rate for. One form submission gets you coverage quotes from several companies.
  2. A more time consuming way to find lower rates requires a visit to each company website and complete a new quote form. For example, we’ll assume you want rates from Farmers, Progressive and Allstate. You would have to go to every website and enter your information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

  3. The least recommended way to compare rates is driving around to and from local insurance agencies. The internet has reduced the need for local agents unless you want the professional advice only provided by licensed agents. It is possible to compare the best prices online but still have the advice of a local agent.

Which method you use is up to you, but ensure you’re using exactly the same information with each company. If you use different liability limits it’s not possible to determine the lowest rate for your Toyota MR2.

Cut your premium with discounts

Auto insurance companies don’t always list every available discount in a way that’s easy to find, so we researched some of the more common as well as the least known ways to save on auto insurance. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Own a Home – Simply owning a home can save you money because maintaining a house demonstrates responsibility.
  • No Charge for an Accident – Certain companies will allow you to have one accident before raising your premiums if your claims history is clear for a set time period.
  • Air Bag Discount – Cars that have air bags or motorized seat belts can get savings of more than 20%.
  • Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
  • Paperwork-free – Certain companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Drive Less and Save – Keeping the miles down on your Toyota could qualify for discounted rates on garaged vehicles.
  • Defensive Driver – Completing a driver safety course can save you 5% or more if your company offers it.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. The good student discount can last up to age 25.
  • Federal Employees – Employees or retirees of the government could cut as much as 10% off on MR2 coverage with a few auto insurance companies.

A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. A few only apply to specific coverage prices like physical damage coverage or medical payments. Just because it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

Insurance companies that may offer these money-saving discounts are:

It’s a good idea to ask each insurance company which discounts they offer. Some discounts might not apply in every state.

What is the best insurance coverage?

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s needs are different so this has to be addressed. For example, these questions might point out if your situation will benefit from professional help.

  • Is my custom paint covered by insurance?
  • What is the ISO rating for a 1991 Toyota MR2?
  • Where can I find DUI or SR-22 insurance?
  • Can my babysitter drive my car?
  • Am I covered if I wreck a rental car?
  • What happens if I owe more than my 1991 Toyota MR2 is worth?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • If my 1991 Toyota MR2 is totaled, can I afford another vehicle?
  • What is covered by UM/UIM coverage?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and can help protect your family.

Complexity of Toyota MR2 insurance rates

Smart consumers have a good feel for some of the elements that help determine your car insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that will entitle you to better car insurance rates.

The following are some of the factors used by your company to calculate prices.

  • Credit scores impact car insurance rates – Credit score is a important factor in your rate calculation. So if your credit score is lower than you’d like, you could be paying less to insure your 1991 Toyota MR2 by repairing your credit. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Pay less if you’re married – Having a wife or husband actually saves money on car insurance. Having a spouse means you’re more mature and it’s statistically proven that being married results in fewer claims.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores get lower rates. Safer cars have better occupant injury protection and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders. If your Toyota scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Car features impact rates – Owning a car with anti-theft technology or alarm system can save you a little every year. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.

Car insurance coverages explained

Having a good grasp of a car insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types available from car insurance companies.

Collision coverages – This will pay to fix damage to your MR2 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a parking meter, crashing into a ditch and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Liability car insurance – This coverage can cover injuries or damage you cause to people or other property. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as pain and suffering, structural damage, emergency aid and funeral expenses. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, fire damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for bills for surgery, prosthetic devices and chiropractic care. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible

Don’t break the bank

While you’re price shopping online, do not buy less coverage just to save a little money. Too many times, an insured cut liability coverage limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at the best price, not the least amount of coverage.

In this article, we presented a lot of tips how to compare 1991 Toyota MR2 insurance prices online. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may discover the most savings is with a small mutual company. Regional companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

Additional information