1993 Toyota MR2 Car Insurance Rates – 10 Tricks for Cheaper Quotes

Looking for lower insurance rates? Shoppers have a choice when shopping for the lowest priced Toyota MR2 insurance. They can either waste time struggling with agents getting price quotes or use the internet to make rate comparisons.

There are more efficient ways to compare insurance rates and we’ll show you the best way to compare rates for a new or used Toyota and find the best price possible from both online companies and local agents.

It’s a good habit to price shop coverage occasionally since insurance rates are constantly changing. Even if you got the best deal on MR2 coverage six months ago you will most likely find a better rate today. There is a lot of bad advice regarding insurance on the web, but by reading this article, you’re going to learn some excellent ideas to reduce your insurance bill.

Cheap Car Insurance Comparisons

There are a variety of methods you can shop for 1993 Toyota MR2 car insurance but one way is less time-consuming than others. You can spend your afternoon discussing policy coverages with agents in your area, or you could use online quoting to get prices fast.

Many popular insurance companies belong to an insurance system where insurance shoppers enter their coverage request one time, and at least one company can give them a price based on that information. This system prevents you from having to do form submissions for each company you want a rate for.

To compare 1993 Toyota MR2 rates using this form now click here to start a free quote.

One minor caviat to getting quotes like this is that consumers can’t choose the insurers you will receive quotes from. If you wish to select specific providers for rate comparison, we have assembled a list of car insurance companies in your area. Click here to view list.

However you get your quotes, compare apples-to-apples coverage limits and deductibles for every quote you compare. If your comparisons have different deductibles then you won’t be able to make an equal comparison.

Cut your insurance rates with these ten discounts

Car insurance can cost a lot, buy you may qualify for discounts that you may not even be aware of. A few discounts will automatically apply when you get a quote, but some must be specially asked for before they will apply. If they aren’t giving you every credit possible, you’re paying more than you need to.

Defensive Driving Course – Taking a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
New Car Discount – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
Sign Early and Save – Select companies give a discount for switching to them prior to your current policy expiration. It can save you around 10%.
Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class if it’s offered in school.
Resident Student – Children living away from home attending college and don’t have a car can receive lower rates.
Life Insurance – Larger companies have lower rates if you buy life insurance.
E-sign – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
Drive Less and Save – Low mileage vehicles can qualify you for discounted rates on garaged vehicles.
Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount will bring down your overall premium however.

Car insurance companies who might offer these money-saving discounts include:

It’s a good idea to ask each insurance company what discounts are available to you. Savings may not apply everywhere.

You are unique and your car insurance should be too

When choosing the best car insurance coverage, there is no “best” method to buy coverage. Each situation is unique.

For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

When does my teenage driver need to be added to my policy?
Is my babysitter covered when using my vehicle?
Why am I required to get a high-risk car insurance policy?
What if I total my 1993 Toyota MR2 and owe more than it’s worth?
Will my rates increase for filing one claim?
Does my personal policy cover me when driving out-of-state?

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, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage options for a 1993 Toyota MR2

Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, backing into a parked car and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

UM/UIM Coverage

This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Toyota MR2.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for expenses like surgery, rehabilitation expenses, nursing services and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability insurance will cover damage or injury you incur to a person or their property. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like attorney fees, medical services and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive or Other Than Collision

This coverage pays for 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 things like hitting a bird, damage from a tornado or hurricane and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.