2003 Toyota Land Cruiser Insurance Rates – 8 Tricks for Best Quotes

Looking for the cheapest auto insurance rates for your Toyota Land Cruiser? Are you sick and tired of not being able to afford to insure your Toyota every month? You are in the same boat as the majority of other car owners.

Lots of auto insurance companies contend to insure your vehicles, so it can be very hard to choose a insurer and get the definite lowest rate

Do you qualify for these eight discounts?

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time you complete a quote, but lesser-known reductions have to be specifically requested prior to receiving the credit.

  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off your PIP or medical payments premium.
  • Clubs and Organizations – Affiliation with a qualifying organization may earn a discount on auto insurance for Land Cruiser coverage.
  • Own a Home – Being a homeowner may earn you a small savings because of the fact that having a home shows financial diligence.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • New Vehicle Savings – Insuring a new car can save up to 30% compared to insuring an older model.
  • Drivers Education – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Safety Course Discount – Taking a driver safety course can save you 5% or more depending on where you live.

It’s important to understand that some of the credits will not apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. But all discounts will help reduce your premiums.

Companies who might offer these discounts may include but are not limited to:

Before buying, ask every prospective company how you can save money. Some discounts might not apply in your area.

Finding Insurance Coverage

To find the best insurance coverage prices, there are several ways to compare rate quotes from local insurance coverage companies. The simplest method to find competitive 2003 Toyota Land Cruiser insurance rates consists of shopping online. This can be done in several different ways.

  • The fastest way to find low rates is a comparison rater form like this one (opens in new window). This form saves time by eliminating a different quote for each company you want a rate for. One form submission gets you price quotes from several companies.
  • A harder way to get comparison quotes consists of going to the website for each individual company and complete a new quote form. For instance, let’s say you want to compare rates from Geico, Farmers and GMAC. To get each rate you have to take the time to go to each site to enter your coverage information, which is why the first method is more popular. To view a list of companies in your area, click here.

It’s your choice how you get your quotes, but make sure you use the exact same coverages and limits on every quote. If each company quotes mixed coverages it will be very difficult to decipher which rate is best. Having just a slight variation in coverages may result in a large different in cost. Just remember that more quotes will increase your chances of finding lower pricing.

Don’t assume everyone needs the same coverage

When it comes to buying proper insurance coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that can help discover whether you might need an agent’s assistance.

  • Do all my vehicles need collision coverage?
  • When can I cancel my policy?
  • Should I buy full coverage?
  • Do I need rental car coverage?
  • Does coverage extend to Mexico or Canada?
  • What is the difference between comprehensive and collision coverage?
  • Why am I required to buy high-risk coverage?
  • Can I afford to buy a different vehicle if my 2003 Toyota Land Cruiser is totaled?
  • Will my rates increase for filing one claim?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Insurance coverage breakdown

Knowing the specifics of a insurance policy helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.

UM/UIM Coverage

This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your 2003 Toyota Land Cruiser.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

This 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 coverage pays for claims like a broken windshield, a tree branch falling on your vehicle, hail damage, fire damage and falling objects. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Auto collision coverage

This pays to fix your vehicle from damage resulting from a collision 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 can pay for claims such as sustaining damage from a pot hole, sideswiping another vehicle, scraping a guard rail and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Coverage for liability

Liability coverage will cover damage or injury you incur to people or other property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like funeral expenses, medical services, repair bills for other people’s vehicles and court costs. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for expenses such as funeral costs, EMT expenses, dental work and nursing services. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Online plus local equals savings

We just showed you a lot of information how to compare 2003 Toyota Land Cruiser insurance prices online. The key thing to remember is the more quotes you get, the better your comparison will be. You may even discover the lowest rates come from a lesser-known regional company. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive or Geico.

Low-cost insurance can be sourced on the web as well as from independent agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who don’t offer online price quotes and these smaller companies work with independent agents.

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