Save on 1993 Toyota MR2 Car Insurance Rates

Finding lower rates for insurance is always hard for consumers new to comparison shopping online. Drivers have so many companies to choose from that it can turn into a challenge to locate the lowest price.

This article will introduce you to how to get online quotes. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. But vehicle owners must comprehend the way companies sell online and apply this information to your search.

Get lower rates on Toyota MR2 insurance

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to reduce the price significantly. Certain discounts will be applied when you purchase, but less common discounts must be asked about before they will apply.

  • Resident Student – Children who live away from home and do not have a car may qualify for this discount.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can get savings of 20% or more.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • No Claims – Drivers who don’t have accidents can save substantially when compared to bad drivers.
  • Bundle and Save – If you have multiple policies with the same company you may save up to 20% off your total premium.
  • Federal Employees – Active or retired federal employment may qualify you for a discount for MR2 insurance depending on your company.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts could cut 10% or more off the personal injury premium cost.

It’s important to note that many deductions do not apply to the entire cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates you could get a free auto insurance policy, auto insurance companies aren’t that generous. Any qualifying discounts will reduce the cost of coverage.

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

It’s a good idea to ask each company which discounts they offer. All car insurance discounts may not apply in your area.

Comprehensive Car Insurance Comparison

To find the best car insurance prices, there are several ways of comparing rate quotes from car insurance companies in your area. The quickest method to find the lowest 1993 Toyota MR2 rates is simply to get online rate quotes. It is quite easy and can be accomplished in a couple of different ways.

  • The best way consumers can make multiple comparisons would be an industry-wide quote request form click here to open form in new window. This method keeps you from doing repetitive form entry to each individual car insurance company. In just a few minutes this one form will return quotes instantly. Recommended for those who want to invest the least amount of time.
  • A slightly less efficient method to compare rate quotes is to manually visit each company website to complete their respective quote request forms. For instance, let’s assume you want to compare rates from Progressive, Safeco and Liberty Mutual. You would have to visit each site and enter your information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
  • The most time-consuming way to get comparison rates is to waste gas driving to insurance agents’ offices. Buying insurance online eliminates the need for an insurance agent unless you require the professional advice that only a license agent can provide. You can, however, get the lowest quotes online and still use a local agent and we’ll touch on that later.

Which method you use is up to you, but make absolute certain that you use apples-to-apples coverage limits and deductibles with each company. If the quotes have differing limits you will not be able to determine which rate is truly the best. Just a small difference in limits can make a big difference in price. Just keep in mind that more quotes will enable you to find a better price.

Factors determining your Toyota MR2 insurance premium

An important part of buying insurance is that you know some of the elements that help determine your auto insurance rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that could result in better auto insurance rates.

The following are a few of the “ingredients” used by your company to calculate premiums.

  • Do you know your deductibles? – Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Toyota. Some instances where coverage would apply would be collision with another vehicle, damage from fire, and rolling your vehicle. The deductibles are how much you are required to spend if you file a covered claim. The higher the amount you are required to pay out-of-pocket, the less your company will charge you for insurance for MR2 insurance.
  • Marriage brings a discount – Being married actually saves money when buying auto insurance. Having a significant other usually means you are more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
  • Younger drivers pay higher rates – Older insureds are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations. Young drivers tend to be less responsible when behind the wheel and because of this, their auto insurance rates are much higher.
  • Your location is important – Residing in a small town can save you money when it comes to auto insurance. Fewer drivers means reduced accidents. City drivers have to deal with traffic congestion and longer commute times. More time on the road means more change of being in an accident.

Tailor your coverage to you

When it comes to buying coverage for your personal vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions could help you determine if you might need an agent’s assistance.

  • Am I insured when driving a different vehicle?
  • What are the financial responsibility laws in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is there coverage for injuries to my pets?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Can I afford to pay high deductible claims out of pocket?
  • Is pleasure use cheaper than using my 1993 Toyota MR2 to commute?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form.

Insurance coverages 101

Having a good grasp of your policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.


Liability insurance provides protection from damage or injury you incur to other people or property by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like court costs, legal defense fees, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time these limits are identical to your policy’s liability coverage.

Comprehensive coverages

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, fire damage and damage from flooding. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for medical payments

Med pay and PIP coverage reimburse you for expenses for dental work, rehabilitation expenses, prosthetic devices, pain medications and nursing services. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as colliding with a tree, crashing into a ditch, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Saving money makes a lot of cents

We covered many ways to compare 1993 Toyota MR2 insurance prices online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may be surprised to find that the most savings is with the least-expected company.

Lower-priced insurance is possible from both online companies in addition to many insurance agents, and you need to price shop both to get a complete price analysis. A few companies do not provide online quoting and these small, regional companies work with independent agents.

Drivers leave their current company for a number of reasons such as poor customer service, policy non-renewal, denial of a claim and high rates after DUI convictions. Regardless of your reason, choosing a new company is pretty simple and you could end up saving a buck or two.

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