How Much Does 2004 Toyota RAV4 Car Insurance Cost?

Want better car insurance rates for your Toyota RAV4? Overpriced Toyota RAV4 insurance can empty your bank account and make it hard to pay other bills. Comparing price quotes is a smart way to reduce premiums and put more money in your pocket.

Because you have many companies to choose from, it can be hard to locate the cheapest insurer.

Choosing the best insurance company for you is not that difficult. In a nutshell, every vehicle owner who carries car insurance will be able to save money. Nevertheless, drivers should learn how companies price online insurance because it can help you find the best coverage.

Insurance Prices

Effectively comparing insurance prices can be exhausting if you aren’t aware of the most efficient way to do it. You can waste a lot of time talking to insurance agencies in your area, or you can stay home and use online quotes for quick rates.

All the larger companies belong to an insurance system where prospective buyers enter their policy data once, and at least one company provides a quote for coverage. This eliminates the need for repetitive form submissions for every insurance company.

To find out how much you can save on insurance click here (opens in new window).

The only downside to getting quotes like this is that consumers can’t choose the providers to get quotes from. If you prefer to choose specific providers to compare prices, we have a listing of companies who write insurance in your area. Click here to view list.

It’s your choice how you get your quotes, but double check that you are using the exact same coverages for every company. If your comparisons have differing limits it will be impossible to make a fair comparison for your Toyota RAV4. Just a small difference in coverages may result in large price differences. And when comparing insurance rates, know that getting more free quotes will improve the odds of getting the best offered rates.

Save $495 a year. For real?

Insurance companies such as State Farm and Allstate constantly bombard you with ads on television and other media. They all seem to make an identical promise that you can save if you switch your coverage to them. But how can every company make the same claim? It’s all in the numbers.

All companies can use profiling for the type of driver that earns them a profit. For example, a profitable customer could possibly be over the age of 40, owns a home, and has great credit. Any new insured who meets those qualifications receives the best rates and most likely will save quite a bit of money when switching.

Potential insureds who fall outside these standards will have to pay higher rates and this can result in business going elsewhere. The ad wording is “people who switch” not “people who quote” save that much. That’s why insurance companies can confidently make the claims of big savings. Because of the profiling, you absolutely need to compare many company’s rates. It’s not possible to predict which insurance companies will fit your personal profile best.

Toyota RAV4 insurance rates can be determined by these details

Consumers need to have an understanding of the factors that come into play when calculating your insurance coverage rates. Knowing what determines base rates enables informed choices that may reward you with big savings.

  • How credit affects insurance coverage rates – A driver’s credit score is a big factor in determining your rates. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit scores. Therefore, if your credit score is low, you could pay less to insure your 2004 Toyota RAV4 by spending a little time repairing your credit.
  • One company can mean more discounts – The majority of companies give discounts to policyholders who carry more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to compare other company rates to make sure you are getting the best deal. Consumers may find a better deal by buying insurance from more than one company.
  • Do you have enough liability coverage? – Your policy’s liability coverage provides coverage in the event that a court rules you are at fault for damages caused by your negligence. Liability insurance provides for a legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so do not cut corners here.
  • Little extras can really add up – There are a ton of add-on coverages that you can get tricked into buying on your insurance coverage policy. Coverages for personal injury protection, accidental death and motor club memberships may be wasting your money. They may seem good initially, but if you don’t need them eliminate them to save money.
  • Always keep insurance in force – Allowing your coverage to lapse is a sure-fire way to increase your insurance coverage rates. And not only will your rates increase, but being ticketed for driving with no insurance can result in a steep fine or even jail time.Then you may be required to file a SR-22 with your state DMV.
  • Low deductibles can be expensive – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Toyota. Some instances where coverage would apply are collision with another vehicle, damage caused by hail, or theft. The deductibles are how much you are required to spend out-of-pocket before your insurance coverage pays a claim. The more money you are required to pay out-of-pocket, the less your insurance coverage will be on RAV4 insurance.
  • Discounts for married couples – Having a wife or husband can get you a discount on insurance coverage. Marriage translates into being more mature and responsible and it’s proven that married couples file fewer claims.

Don’t pay full price with these discounts

Auto insurance companies don’t always advertise all available discounts in an easy-to-find place, so the following is a list of some of the more common as well as the least known savings tricks you should be using.

  • E-sign – Some insurance companies will discount your bill up to fifty bucks simply for signing online.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less on RAV4 insurance than their less cautious counterparts.
  • Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could save 15% off the personal injury premium cost.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase life insurance from them.
  • Save with a New Car – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Multi-policy Discount – If you insure your home and vehicles with the same insurance company you may save 10% to 20% off each policy.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Save over 55 – If you’re over the age of 55, you may receive reduced rates on RAV4 insurance.

It’s important to note that most credits do not apply to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like all those discounts means the company will pay you, you won’t be that lucky.

Car insurance companies that may offer these discounts may include but are not limited to:

Before buying, ask each insurance company which discounts they offer. All car insurance discounts may not be available everywhere.

Your personal situation dictates your coverage

When it comes to buying adequate coverage, there is no best way to insure your cars. Every insured’s situation is different so this has to be addressed. For instance, these questions can aid in determining if your insurance needs will benefit from professional help.

  • Should I sign the liability waiver when renting a car?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is my custom paint covered by insurance?
  • I have health insurance so do I need medical payments coverage?
  • Can I still get insurance after a DUI?
  • What exactly is covered by my policy?
  • Is motorclub coverage worth it?
  • What is the difference between comprehensive and collision coverage?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance coverage breakdown

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on the average insurance policy.

Medical payments and PIP coverage – Med pay and PIP coverage reimburse you for bills such as hospital visits, pain medications and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage – 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 and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like colliding with a tree, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

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

Comprehensive coverage protects against things like falling objects, a tree branch falling on your vehicle, fire damage, hitting a bird and theft. The highest amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverages – Liability insurance can cover damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for things such as attorney fees, loss of income, repair bills for other people’s vehicles, court costs and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

In conclusion

When trying to cut insurance costs, do not buy poor coverage just to save money. There have been many situations where an insured cut liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at an affordable rate.

Discount 2004 Toyota RAV4 insurance can be sourced on the web and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies do not offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

Additional insurance information can be read on the following sites: