View 2002 Toyota MR2 Spyder Car Insurance Cost

Looking for the cheapest insurance rates for your Toyota MR2 Spyder? Finding lower rates for insurance can seem to be challenging for beginners to comparing rates online. Consumers have so many companies to choose from that it can be a ton of work to find the best price.

It’s a good habit to check insurance prices periodically since insurance rates are rarely the same from one policy term to another. Just because you had the lowest price on MR2 Spyder insurance a couple years back you can probably find a better price now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the easiest way to get good coverage at a lower rate.

Save money by taking advantage of these discounts

Auto insurance companies don’t list every available discount very well, so we took the time to find some of the more common and the more hidden discounts you could be receiving.

  • Save over 55 – If you qualify as a senior citizen, you may receive a small decrease in premiums on MR2 Spyder insurance.
  • Bundle and Save – If you have multiple policies with the same company you may earn at least 10% off all policies.
  • Club Memberships – Belonging to a civic or occupational organization could trigger savings on your policy on MR2 Spyder insurance.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy qualifies for this discount.
  • Homeowners Discount – Owning a home may trigger a auto insurance policy discount because owning a home requires personal responsibility.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more off your medical payments premium.
  • Safety Course Discount – Taking part in a driver safety course could possibly earn you a 5% discount depending on where you live.
  • Student in College – Any of your kids living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more on MR2 Spyder insurance than drivers with accidents.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.

It’s important to understand that most discount credits are not given to the entire cost. Most cut individual premiums such as collision or personal injury protection. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

Insurance companies that may have these discounts are:

Double check with all companies you are considering what discounts are available to you. Savings might not apply in every state.

Where Can I Get Cheap Car Insurance?

Most companies give insurance quotes on the web. Getting quotes doesn’t take a lot of time as you just type in your personal and coverage information as detailed in the form. Upon sending the form, their rating system sends out for reports for credit and driving violations and generates a price determined by many factors.

This helps simplify price comparisons, but having to visit several different sites and type in the same information is monotonous and tiresome. But it is imperative to perform this step in order to find the lowest car insurance rates.

There is a better way to compare rates

A quicker way to find cheaper rates uses one form that gets prices from a lot of companies. It saves time, requires less work, and makes online price comparison much more enjoyable and efficient. Once the form is submitted, it is rated and you can select any one of the returned quotes. If a lower price is quoted, it’s easy to complete the application and buy the new coverage. The entire process takes just a few minutes to complete and could lower your rates considerably.

To compare rates now, simply click here to open in new window and begin entering your coverage information. To compare your current rates, we recommend you type in coverages and limits identical to your current policy. Using the same limits helps guarantee you will be getting a price comparison for similar coverage.

When should I use an insurance agent?

When buying adequate coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from an agent’s advice.

  • What is medical payments coverage?
  • Does car insurance cover theft of personal property?
  • Can I get a multi-policy discount?
  • Do all my vehicles need collision coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • Is my babysitter covered when using my vehicle?
  • When can my company non-renew my policy?
  • When should I not file a claim?
  • Am I covered if I hit a deer?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form.

Auto insurance coverages explained

Learning about specific coverages of a auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Medical expense coverage – Med pay and PIP coverage provide coverage for immediate expenses for things like hospital visits, surgery, prosthetic devices, chiropractic care and EMT expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive protection – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, damage from getting keyed, fire damage and hitting a bird. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – Collision insurance covers damage to your MR2 Spyder caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, colliding with another moving vehicle and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability coverages – This coverage will cover damages or injuries you inflict on other people or property that is your fault. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as funeral expenses, emergency aid and court costs. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Uninsured or underinsured coverage – This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Toyota MR2 Spyder.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Keep this in mind

Low-cost 2002 Toyota MR2 Spyder insurance can be found on the web and with local insurance agents, and you should be comparing both to get a complete price analysis. There are still a few companies who do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

You just learned many ways to save on insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may even discover the most savings is with some of the lesser-known companies.

Insureds switch companies for any number of reasons including high prices, questionable increases in premium, policy cancellation or extreme rates for teen drivers. No matter why you want to switch, choosing a new insurance company can be easier than you think.

Additional information