How Much Does 2002 Toyota RAV4 Insurance Cost?

Trying to find cheaper insurance for your Toyota RAV4 can normally be difficult, but you can follow the following methods to save time. There is a right way and a wrong way to buy insurance and you need to know the absolute fastest way to quote coverages on a Toyota and find the cheapest rates.

Finding the best rates is quite easy. If you are insured now or are shopping for new coverage, you can follow these tips to shop for the lowest rates while maintaining coverages. Drivers just need to know how to shop their coverage around over the internet.

Slash your insurance coverage rates with discounts

Companies don’t always list every policy discount in an easy-to-find place, so the list below details a few of the more well known in addition to some of the lesser obvious credits that may apply to you. If you check and find you aren’t receiving every discount you qualify for, you could be getting lower rates.

  • Claim Free – Insureds who avoid accidents and claims can save substantially as opposed to policyholders that have many claims.
  • Accident Forgiveness Coverage – Not a discount per se, but a handful of insurance companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a particular time prior to the accident.
  • Early Switch Discount – Some companies reward drivers for switching to them prior to your current policy expiration. This discount can save up to 10%.
  • Theft Deterent System – Anti-theft and alarm system equipped vehicles are stolen less frequently and will save you 10% or more.
  • Air Bags and Passive Restraints – Options like air bags or automatic seat belts may qualify for discounts of more than 20%.
  • Distant College Student Discount – College-age children who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Good Driver Discount – Insureds who avoid accidents can get discounts for up to 45% lower rates on RAV4 insurance than drivers with accident claims.
  • Discount for Life Insurance – Larger insurance carriers have a break if you buy a life insurance policy as well.

Remember that many deductions do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears you can get free auto insurance, company stockholders wouldn’t be very happy.

A partial list of companies that have some of the discounts shown above include:

If you want inexpensive insurance coverage quotes, ask every company which discounts you qualify for. Savings might not be available to policyholders in your area. To see insurers with discount rates, click here to view.

The Toyota RAV4 insurance rate equation

Part of the auto insurance buying process is learning the different types of things that come into play when calculating your policy premiums. If you have some idea of what controls the rates you pay, this enables informed choices that may result in big savings.

Listed below are most of the major factors used by companies to determine your rates.

  • Commute or pleasure use – Driving more miles in a year’s time the higher your rates will be. Almost all companies charge to insure your cars based on how the vehicle is used. Cars that have low annual miles cost less to insure than those used for commuting. Ask your agent if your policy properly reflects the correct usage for each vehicle. Improper usage on your RAV4 may be costing you.
  • Females tend to be lower risk – Over time, data shows women are more cautious behind the wheel. However, don’t assume that women are better drivers. Both genders cause fender benders in similar numbers, but guys have accidents that have higher claims. Not only are claims higher, but men have more aggressive citations such as reckless driving. Young males have the highest risk to insure and therefore have the most expensive auto insurance rates.
  • What are your physical damage deductibles? – Physical damage coverage, aka comp and collision, covers damage that occurs to your Toyota. Examples of covered claims are a broken side mirror, damage from fire, and having your car stolen. Comp and collision deductibles define the amount the insured will be required to pay if a claim is determined to be covered. The more expense you are required to pay out-of-pocket, the lower your rates will be on RAV4 insurance.
  • Location can influence price – Having an address in less populated areas of the country may provide you with better prices if you are looking for the lowest rates. Drivers who live in large cities regularly have more aggressive driving styles and more time behind the wheel. Fewer people translates into fewer accident claims as well as less vandalism and auto theft.
  • Cars with good safety ratings means cheaper auto insurance rates – Vehicles with high crash test scores tend to have lower insurance rates. The safest vehicles reduce injuries and any reduction in injury severity translates into savings for insurance companies and cheaper rates on your policy.

You are unique and your insurance should be too

When buying adequate coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

For instance, these questions might point out if your situation might need an agent’s assistance.

  • How high should my uninsured/underinsured coverage be in my state?
  • I have health insurance so do I need medical payments coverage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Is my custom paint covered by insurance?
  • Are rock chip repairs covered?
  • Why does it cost so much to insure a teen driver?

If you don’t know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

Switch companies and save? Really?

Drivers can’t get away from ads that claim the best premium rates from companies such as 21st Century, Allstate and State Farm. They all seem to have a common claim about savings if you move your coverage.

How is it possible that every company can sell you cheaper insurance coverage? This is the way they can do it.

Different companies give the best rates for a prospective insured that is profitable for them. An example of a desirable insured might be described as over the age of 35, has never had a claim, and has a short commute. A customer getting a price quote that meets those criteria will probably get cheap auto insurance rates as well as pay quite a bit less when switching companies.

Consumers who cannot meet this stringent profile may receive a higher premium and this can result in business going elsewhere. The trick is to say “people that switch” but not “everyone who gets a quote” save the amount stated. That’s why insurance companies can confidently advertise the way they do. This emphasizes why drivers should get as many free insurance coverage quotes as possible. It’s not possible to predict which car insurance company will be your best fit.

Car insurance policy specifics

Learning about specific coverages of car insurance can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Coverage for medical payments

Med pay and PIP coverage provide coverage for immediate expenses such as hospital visits, pain medications and doctor visits. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability car insurance

Liability coverage protects you from damage that occurs to a person or their property that is your fault. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like medical expenses, court costs, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Auto collision coverage

This coverage covers damage to your RAV4 caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as damaging your car on a curb, backing into a parked car, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, a broken windshield and vandalism. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured and underinsured coverage

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Cheaper insurance is a realistic goal

When trying to cut insurance costs, you should never reduce coverage to reduce premium. There are a lot of situations where an insured cut liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy enough coverage at the best possible price and still be able to protect your assets.

Some companies do not provide internet price quotes small insurance companies work with independent agents. Budget-conscious 2002 Toyota RAV4 insurance is possible on the web as well as from independent agents, so compare prices from both to have the best selection.

People who switch companies do it for a variety of reasons including policy non-renewal, denial of a claim, delays in responding to claim requests and even an unsatisfactory settlement offer. It doesn’t matter why you want to switch choosing a new company can be easier than you think.

Additional car insurance information can be found at the links below