Cheaper 1998 Toyota RAV4 Insurance Cost

Having to pay for overpriced auto insurance can drain your personal savings and make it impossible to make ends meet. Doing a price comparison is free and is an excellent way to reduce premiums and put more money in your pocket.

Insurance companies such as Geico and Progressive all claim big savings with ads and it can be hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

Comparison of Auto Insurance

There are a lot of ways to shop for auto insurance, but one way is less labor-intensive and much quicker. You could waste time talking about coverages with insurance agencies in your area, or you could save time and use online quoting to quickly compare rates.

Many of the larger companies participate in an industry program that allows shoppers to submit their information once, and every company returns a competitive quote for coverage. This saves time by eliminating quote forms to each individual auto insurance company.

To find out what other companies charge for 1998 Toyota RAV4 insurance click to open in new window.

The one disadvantage to pricing coverage this way is that consumers can’t choose which companies you will receive quotes from. If you prefer to choose specific insurance companies to receive pricing from, we have a page of companies who write auto insurance in your area. Click to view list.

It’s up to you how you get prices quotes, just ensure you’re using the exact same coverage information with every price quote. If you are comparing unequal deductibles or liability limits you can’t possibly make an equal comparison. Just a small difference in coverages may result in a large different in cost. Keep in mind that getting more free quotes gives you a better chance of getting a better price.

Tailor your coverage to you

When choosing the best insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions might help in determining if your situation might need an agent’s assistance.

  • Do I need PIP coverage since I have good health insurance?
  • When should I not file a claim?
  • Does coverage extend to a rental car in a foreign country?
  • Do I need replacement cost coverage?
  • I don’t drive much so do I pay less?
  • Am I covered when using my vehicle for business?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Insurance coverages explained

Understanding the coverages of a insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by insurance companies.

Collision coverage

Collision insurance pays for damage to your RAV4 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as colliding with another moving vehicle, crashing into a ditch, hitting a mailbox, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for expenses for surgery, dental work, rehabilitation expenses and pain medications. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability insurance

Liability insurance can cover damage that occurs to a person or their property. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like repair bills for other people’s vehicles, medical services, legal defense fees and repair costs for stationary objects. How much coverage you buy is your choice, but buy as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like fire damage, hail damage, damage from flooding and a broken windshield. The maximum payout your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 1998 Toyota RAV4.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these limits are similar to your liability insurance amounts.