1990 Toyota Supra Insurance Cost – 6 Discounts for Cheaper Prices

Want the cheapest auto insurance rates for your Toyota Supra? Have you had enough of paying out the nose to insure your Toyota every month? You’re in the same situation as many other consumers. With so many different company options, it is hard for the average consumer to pick the most affordable car insurance company.

How to Get Cheap Insurance Coverage

There are a lot of ways you can shop for insurance coverage but one way is less labor-intensive and much quicker. You could spend your day talking to insurance companies in your area, or you could use online quoting to accomplish the same thing much quicker.

Most of the larger companies participate in an industry program where prospective buyers enter their policy data once, and each company then returns a price quote based on that data. This saves time by eliminating form submissions to every company. To find out how much you can save on insurance coverage click here (opens in new window).

The single downside to getting quotes like this is you can’t choose which carriers you want to price. If you would rather choose specific insurance companies for rate comparison, we have a listing of the cheapest insurance coverage companies in your area. Click to view list.

However you get your quotes, compare apples-to-apples quote information for each comparison quote. If your comparisons have differing limits it will be impossible to determine the lowest rate for your Toyota Supra.

Companies offer discounts so take them!

The price of auto insurance can be rather high, but there are discounts available that you may not even be aware of. Larger premium reductions will be automatically applied at the time of purchase, but a few need to be inquired about before you get the savings. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Good Student Discount – This discount can get you a discount of up to 25%. This discount can apply up to age 25.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • Government Employees – Being employed by or retired from a federal job may qualify you for a discount for Supra insurance with certain companies.
  • Multiple Vehicles – Having multiple vehicles on one policy can get a discount on all vehicles.
  • New Car Discount – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Supra insurance than drivers with accidents.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce specific coverage prices like comprehensive or collision. So even though it sounds like having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will bring down the amount you have to pay.

For a list of insurers with discount auto insurance rates, follow this link.

Do I just need basic coverages?

When buying coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.

  • Am I covered when driving on a suspended license?
  • Do I need roadside assistance coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered when delivering products for my home-based business?
  • Should I carry comprehensive and collision coverage?
  • Am I covered if I wreck a rental car?
  • Am I getting all the discounts available?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Information about specific coverages

Learning about specific coverages of a insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages offered by insurance companies.

Liability car insurance – This coverage protects you from damage that occurs to people or other property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like loss of income, repair costs for stationary objects, emergency aid, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as rehabilitation expenses, chiropractic care, nursing services, funeral costs and prosthetic devices. They can be used in conjunction with a health insurance program or if you do not have health coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Collision coverages – This coverage covers damage to your Supra resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, backing into a parked car, crashing into a ditch, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a broken windshield, hitting a deer and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Toyota Supra.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually these limits are set the same as your liablity limits.

Final considerations

Affordable 1990 Toyota Supra insurance is possible online and with local insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

As you restructure your insurance plan, don’t be tempted to buy poor coverage just to save money. In too many instances, drivers have reduced uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. The ultimate goal is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Additional detailed information can be found by following these links: