Cheap 2003 Toyota Land Cruiser Insurance Rates

Want cheaper car insurance rates for your Toyota Land Cruiser? Trying to find cheaper insurance for a Toyota Land Cruiser can normally be a lot of work, but you can learn these tips to make it easier.

There are more efficient ways to find car insurance online and you need to know the proper way to quote coverages for a Toyota and obtain the lowest possible price from both online companies and local agents.

Shopping for the lowest cost auto insurance coverage can be fairly easy. If you are insured now or are just looking to switch companies, you can learn to get lower rates while maximizing coverage. Drivers only need an understanding of the most efficient way to compare company rates online.

Are you getting every discount?

Some providers don’t necessarily list all their discounts very clearly, so the list below gives a summary of some of the best known as well as some of the hidden credits that you can use to lower your rates.

  • Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen so companies will give you a small discount.
  • Discount for New Cars – Buying a new car instead of a used car can save you some money since newer vehicles have better safety ratings.
  • Early Switch Discount – A few insurance companies allow discounts for signing up before your current coverage expires. This discount can save up to 10%.
  • Payment Method – By paying your entire bill at once instead of paying each month you can avoid the installment charge.
  • Paperwork-free – A few companies will provide an incentive just for signing your application online.
  • Policy Bundle Discount – When you have multiple policies and insure them both with the same insurance company you may earn at least 10 to 15 percent or more.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that having all the discounts means you get insurance for free, companies wouldn’t make money that way.

To locate insurers with the best discounts, click here.

Low cost insurance prices

Reducing your 2003 Toyota Land Cruiser insurance rates is actually easier than you may think. The only thing you need to do is take a couple of minutes to compare free car insurance quotes to discover which company has inexpensive car insurance quotes. Insurance prices can be quoted by following the guidelines below.

Probably the best way to compare a lot of rates at once is an all-inclusive rate comparison (click to open form in new window). This quick form prevents you from having to do boring form submissions for every company. Completing one form will get you price quotes from several companies. Just one form and you’re done.

A less efficient way to find better pricing is going to each individual company website and complete a new quote form. For sake of this example, let’s say you want rates from Progressive, Allstate and GMAC. You would have to take the time to go to each site and enter your policy data, which can take a lot of time. For a list of companies in your area, click here.

The least efficient way to do your price quoting is driving around to and from local insurance agencies. The ability to quote online eliminates this option unless your situation requires the professional assistance that can only be provided by a licensed insurance agent. Some companies do allow you to get prices online and still use a local agent.

You can use whichever method you prefer to find lower rates, just make sure you compare equivalent quote information for every company. If you are comparing different liability limits it will be nearly impossible to determine the lowest rate for your Toyota Land Cruiser.

Insurance costs are influenced by these factors

Multiple criteria are taken into consideration when pricing auto insurance. Some are obvious such as traffic violations, but other factors are less obvious such as your credit history and annual miles driven.

Listed below are some of the factors companies use to determine your prices.

  • Which gender costs less? – Statistics show that females take fewer risks when driving. However, this does not mean males are worse at driving than females. Women and men have auto accidents at a similar rate, but the male of the species have accidents that have higher claims. Men also statistically get cited for more serious violations like DWI (DUI) or reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive car insurance rates.
  • Keep rates low by being claim-free – If you’re an insured who likes to file claims you can pretty much guarantee higher premiums or even policy non-renewal. Car insurance companies generally give better rates to policyholders who file claims infrequently. Auto insurance is designed for claims that pose a financial burden.
  • Getting married reduces risk – Having a significant other actually saves money on your policy. It may mean you are less irresponsible and insurance companies like that married couples file fewer claims.
  • More traffic equals higher costs – Choosing to live in a small town can save you money when it comes to car insurance. City drivers have more road rage incidents and longer commutes to work. Lower population means reduced accidents and a lower car theft rate.
  • You may save more by combining policies – Many car insurance companies allow a discount to buyers that buy multiple policies such as combining an auto and homeowners policy. Even though this discount sounds good, it’s always a smart idea to compare rates to ensure the best deal. You may still be able to save even more than the discount by insuring with multiple companies.
  • Do you know you’re credit history? – Your credit history factor in determining what you pay. People with high credit ratings tend to be more responsible and file fewer claims as compared to drivers with poor credit. Therefore, if your credit could use some work, you could be paying less to insure your 2003 Toyota Land Cruiser by improving your rating.
  • Keep the miles off and save – The higher the mileage driven each year the higher your rates will be. Most insurance companies apply a rate based on their usage. Cars and trucks not used for work or commuting receive lower rates than vehicles that have high annual mileage. It’s always a good idea to double check that your car insurance policy is rated on annual mileage. A policy that improperly rates your Land Cruiser is just wasting money.
  • Add-on coverages that aren’t used – There are many additional coverages that may not really be needed if you aren’t diligent. Insurance for rental car reimbursement, towing, and Farm Bureau memberships may be costing you every month. They may seem like a good idea when you first buy your policy, but your needs may have changed so consider taking them off your policy.

When in doubt talk to an agent

When choosing coverage, there really is not a “perfect” insurance plan. Every situation is different.

For instance, these questions can help discover if your insurance needs will benefit from professional help.

  • Do I need to file an SR-22 for a DUI in my state?
  • Are rock chip repairs covered?
  • Who is covered when they drive my 2003 Toyota Land Cruiser?
  • Which companies will insure high-risk drivers?
  • I don’t drive much so do I pay less?
  • Does insurance cover damages from a DUI accident?
  • Is my cargo covered for damage or theft?
  • Does my 2003 Toyota Land Cruiser qualify for pleasure use?
  • When should I buy a commercial auto policy?
  • Should I drop comprehensive coverage on older vehicles?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Do car insurance companies bend the truth?

Drivers can’t escape the ads for the lowest price car insurance by companies like State Farm, Geico and Progressive. They all state the claim about saving some big amount if you just switch your policy.

That’s great but how can every company make almost identical claims?

All the different companies require specific criteria for a prospective insured that earns them the most money. A good example of a profitable customer may be between the ages of 30 and 45, has a clear driving record, and drives a safe vehicle. Anybody who matches that profile may get the lowest rates and will probably pay quite a bit less when switching companies.

People who do not meet these criteria must pay higher prices and ends up with the customer not purchasing. The wording the ads use say “drivers who switch” not “all people who quote” will save that much if they switch. That’s the way insurance companies can lure you into getting a quote.

This really emphasizes why drivers must compare quotes as often as possible. It’s not possible to predict with any certainty which company will have the lowest rate quotes.

Learn about insurance coverages for a 2003 Toyota Land Cruiser

Having a good grasp of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like surgery, nursing services and hospital visits. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as theft, damage from a tornado or hurricane, a broken windshield, a tree branch falling on your vehicle and fire damage. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Toyota Land Cruiser.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision insurance

This covers damage to your Land Cruiser resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as scraping a guard rail, backing into a parked car, damaging your car on a curb, rolling your car and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability car insurance

This coverage can cover injuries or damage you cause to other people or property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like medical services, attorney fees and funeral expenses. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Compare but don’t skimp

We covered a lot of ways to get a better price on 2003 Toyota Land Cruiser insurance. It’s most important to understand that the more providers you compare, the better likelihood of getting cheaper car insurance. Drivers may discover the best premium rates are with some of the smallest insurance companies.

Budget-conscious 2003 Toyota Land Cruiser insurance is available on the web and with local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance coverage companies do not offer internet price quotes and many times these smaller companies sell through local independent agencies.

Insureds change insurance companies for a variety of reasons including poor customer service, unfair underwriting practices, questionable increases in premium or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new insurance company is not as hard as you think.

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