Lower Your 2001 Toyota RAV4 Insurance Cost

Perplexed by the dozens of insurance companies? Many other consumers are too. You have so many choices that it can easily become a real hassle to compare prices.

It’s a good idea to shop coverage around occasionally because rates are rarely the same from one policy term to another. Despite the fact that you may have had the best price on RAV4 insurance last year you can probably find a lower rate today. So just ignore everything you know about insurance because we’re going to show you the right way to properly buy coverages and cut your premium.

More discounts equal less premium

The cost of insuring your cars can be expensive, but you may find discounts that many people don’t even know exist. A few discounts will automatically apply when you complete an application, but some may not be applied and must be requested specifically before they will apply.

  • Seat Belt Usage – Requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Save with a New Car – Putting insurance coverage on a new car is cheaper due to better safety requirements for new cars.
  • Senior Discount – If you qualify as a senior citizen, you may be able to get reduced rates on RAV4 insurance.
  • Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates on RAV4 insurance than less cautious drivers.
  • Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Life Insurance – Companies who offer life insurance give a break if you buy life insurance.
  • Pay Now and Pay Less – If you pay your bill all at once instead of paying each month you could save 5% or more.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. Most only apply to individual premiums such as medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will bring down the cost of coverage.

Insurance companies that may have these discounts are:

It’s a good idea to ask each insurance company how you can save money. Some discounts may not be available in your area.

Quick Insurance Coverage Quotes

All major insurance coverage companies such as Progressive, Allstate and GEICO give coverage price quotes online. Obtaining pricing is fairly simple as you simply type in the amount of coverage you want into a form. After you complete the form, the company’s rating system obtains reports for credit and driving violations and returns a price quote.

Online quotes makes comparing rates easy, but having to visit several different sites and enter the same data into a form is monotonous and tiresome. But it’s very important to do this if you are searching for the lowest insurance coverage rates.

The better way to compare rates

The preferred way to lower your insurance coverage bill makes use of a single form that analyzes rates from a bunch of companies at once. It saves time, eliminates repetitive work, and makes rate comparisons much more efficient. As soon as you send your information, it gets priced and you can select any one of the pricing results.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. It only takes a few minutes and you will know how your current rates stack up.

To compare rates now, click here to open in new window and begin entering your coverage information. If you have a policy now, it’s recommended that you enter your coverages exactly as shown on your declarations page. This makes sure you are getting a price comparison using the same coverage and limits.

It’s not one size fits all

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For example, these questions might point out whether your personal situation will benefit from professional help.

  • When would I need rental car insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • What are the best liability limits?
  • Is my Toyota RAV4 covered if I use it for business?
  • Should I buy full coverage?
  • Who is covered when they drive my 2001 Toyota RAV4?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Specifics of your insurance policy

Having a good grasp of your policy aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Collision insurance

Collision insurance pays for damage to your RAV4 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sideswiping another vehicle, hitting a parking meter and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

Auto liability insurance

Liability insurance can cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like repair bills for other people’s vehicles, loss of income, attorney fees and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Toyota RAV4.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages do not exceed the liability coverage limits.

Comprehensive insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, rock chips in glass and a broken windshield. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like rehabilitation expenses, chiropractic care and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Power to the consumer

As you shop your coverage around, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where someone dropped uninsured motorist or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

Drivers who switch companies do it for many reasons like denial of a claim, high rates after DUI convictions, high prices or delays in responding to claim requests. Regardless of your reason, finding the right insurance coverage provider can be less work than you think.

You just learned some good ideas how you can compare 2001 Toyota RAV4 insurance prices online. The key concept to understand is the more times you quote, the better your chances of lowering your rates. Consumers may even find the lowest rates come from the least-expected company.

Much more information about insurance coverage can be read on the following sites: