View 2002 Toyota 4Runner Insurance Cost

Searching for better insurance coverage rates for your Toyota 4Runner? Paying for high-priced Toyota 4Runner insurance can dwindle your personal savings and force you to make sacrifices. Comparison shopping is free and is an excellent way to help make ends meet.

Companies like Progressive, GEICO and Farmers Insurance increase brand awareness with ads and it can be hard to ignore the flying pigs and cute green geckos and find the best price available.

Consumers need to do rate comparisons quite often due to the fact that insurance rates are rarely the same from one policy term to another. If you had the lowest rates on 4Runner insurance six months ago there may be better deals available now. So just block out anything you think you know about insurance coverage because we’re going to show you the only way to lower your annual insurance bill.

If you have car insurance now, you should be able to cut costs considerably using these tips. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, car owners need to learn the way companies market insurance on the web and take advantage of how the system works.

The best way to compare insurance rates in your area takes advantage of the fact almost all companies participate in a system to compare rate quotes. To start a quote, the only thing you need to do is give the companies some data including coverage limits, if a SR-22 is needed, whether you are single or married, and whether the vehicles are used for commuting. Your information is then submitted to multiple companies and they return rate quotes with very little delay.

Policy discounts you shouldn’t miss

The price of auto insurance can be rather high, but you may find discounts to reduce the price significantly. Some discounts apply automatically when you complete an application, but some must be asked about before you get the savings.

  • Bundle and Save – If you have multiple policies with one company you could get a discount of approximately 10% to 15%.
  • Save over 55 – Older drivers may receive reduced rates on 4Runner insurance.
  • Federal Employees – Employees or retirees of the government can save as much as 8% on 4Runner insurance with a few car insurance companies.
  • Discount for Swiching Early – Some companies give discounts for switching to them before your current expiration date. The savings is around 10%.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on 4Runner insurance than drivers with accidents.
  • Lower Rates for Military – Having a family member in the military can result in better rates.
  • Own a Home – Owning a house can help you save on car insurance because owning a home demonstrates responsibility.
  • Discount for Good Grades – This discount can save 20 to 25%. The good student discount can last until age 25.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Drive Less and Save – Low mileage vehicles could qualify for lower rates on the low mileage vehicles.

Keep in mind that some of the credits will not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you could get a free car insurance policy, it doesn’t quite work that way. Any qualifying discounts will reduce your premiums.

Companies that may offer these money-saving discounts may include but are not limited to:

Before buying, ask each company how you can save money. Savings may not be available in your state.

Insurance agents can help

When it comes to buying the best insurance coverage coverage, there really is no one size fits all plan. Everyone’s needs are different so your insurance should reflect that For instance, these questions might help in determining if your situation could use an agent’s help.

  • What can I do if my company denied a claim?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What if I don’t agree with a claim settlement offer?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I benefit by insuring my home with the same company?
  • What companies insure drivers after a DUI or DWI?
  • Do I get a pro-rated refund if I cancel my policy early?
  • How can I get high-risk coverage after a DUI?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Factors that can influence Toyota 4Runner insurance rates

Consumers need to have an understanding of the rating factors that come into play when calculating the price you pay for insurance coverage. Knowing what impacts premium levels allows you to make educated decisions that could result in better insurance coverage rates.

  • Protect yourself with liability coverage – Liability coverage provides coverage in the event that you are found to be at fault for damages from an accident. Liability provides legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so do not skimp.
  • Do you work long hours in a high stress job? – Did you know your job can affect your rates? Jobs such as judges, business owners and dentists tend to pay the highest average rates due to stressful work requirements and lengthy work days. Other occupations like scientists, historians and performers have the lowest average rates on 4Runner insurance.
  • The more you drive the more you pay – The more you drive each year the higher your rates will be. The majority of insurers price each vehicle’s coverage based on how the vehicle is used. Cars used primarily for pleasure use receive lower rates compared to those used for work or business. If your policy improperly rates your 4Runner may be costing you. Double check that your insurance coverage policy is rated on the correct driver usage, because improper ratings can cost you money.
  • Younger drivers pay higher rates – Young drivers have a tendency to be careless and easily distracted behind the wheel so they pay higher insurance coverage rates. If you’ve ever had to add a young driver onto a policy can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and are safer drivers.
  • Do you need those extra coverages? – There are many extra bells and whistles that you can buy on your insurance coverage policy. Insurance for roadside assistance, towing coverage and additional equipment coverage are some examples. These coverages may sound good when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Sex matters – Statistics demonstrate that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. They both have accidents at about the same rate, but the males cause more damage. They also get more serious tickets like DUI and reckless driving. Youthful male drivers are the most expensive to insure and therefore have the most expensive insurance coverage rates.
  • Where you reside plays a part – Living in less populated areas can save you money when it comes to insurance coverage. Less people living in that area means fewer accidents as well as less vandalism and auto theft. Urban drivers have to deal with traffic congestion and much longer commute distances. More time on the road means higher likelihood of an accident.
  • Equipment add-ons that lower insurance coverage rates – Driving a car that has an advanced theft prevention system can save you a little every year. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.

Switch companies and save? Really?

Progressive, Allstate and GEICO continually stream ads on TV and radio. All the companies make an identical promise that you can save after switching to their company. How can each company claim to save you money?

All the different companies can use profiling for the type of customer that is profitable for them. A good example of a preferred risk could be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. Any driver that hits that “sweet spot” is entitled to the best price and most likely will pay quite a bit less when switching companies.

Potential insureds who don’t qualify for these standards must pay higher rates which leads to the driver buying from a lower-cost company. The ad wording is “customers who switch” but not “drivers who get quotes” save money. That’s why companies can truthfully advertise the savings.

This illustrates why you should get a wide range of price quotes. It’s not possible to predict which company will have the lowest Toyota 4Runner insurance rates.

What insurance coverages do you need?

Knowing the specifics of your insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as damaging your car on a curb, sideswiping another vehicle, crashing into a building, colliding with another moving vehicle and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive protection

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, a tree branch falling on your vehicle, hitting a bird and damage from flooding. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses such as EMT expenses, hospital visits, doctor visits and pain medications. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability auto insurance

Liability insurance protects you from damage or injury you incur to people or other property. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like medical expenses, funeral expenses, repair costs for stationary objects and legal defense fees. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Uninsured or underinsured coverage

This provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2002 Toyota 4Runner.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these limits are set the same as your liablity limits.

Get your money’s worth

We covered a lot of information how to save on 2002 Toyota 4Runner insurance. The key thing to remember is the more quotes you get, the better chance you’ll have of finding lower rates. You may even discover the best prices are with some of the lesser-known companies. Some small companies often have lower prices on specific markets as compared to the big name companies such as GEICO and State Farm.

Affordable insurance is possible online and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

Additional auto insurance information is located on the following sites: