How Much Does 2004 Toyota RAV4 Insurance Cost?

I can’t think of anyone who looks forward to buying auto insurance, especially knowing their premiums are through the roof. Companies like Allstate, Progressive and Geico all promote huge savings with ad campaigns and consumers find it hard to ignore the propoganda and do the work needed to find the best deal.

If you have a policy now or are looking for a new policy, you can follow these tips to reduce the price you pay and still get good coverage. Finding affordable coverage is not that difficult. Drivers just need to know how to find the lowest price on the web.

Insurance Prices Online

Most companies such as Geico, State Farm and Progressive allow you to get insurance quotes on their websites. The process is pretty easy as you just type in the coverage amounts you desire as detailed in the form. Upon sending the form, their system orders your credit score and driving record and returns a price quote. Online quotes makes comparing rates easy, but having to visit different websites and complete many quote forms is monotonous and tiresome. But it’s absolutely necessary to perform this step in order to find better insurance pricing.

The easiest way to compare rates makes use of a single form that gets prices from many companies. The form is fast, requires much less work on your part, and makes comparison shopping a lot less work. Immediately after you send the form, it is quoted and you can select any of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. The entire process can be completed in less than 10 minutes and you will find out if you’re overpaying now.

In order to find out if lower rates are available, click here to open in a new tab and begin entering your coverage information. If you have your current policy handy, we recommend you input the insurance coverages as close as possible to your current policy. This ensures you will be getting comparison quotes based on identical coverages.

Take discounts and save

Companies that sell car insurance don’t always list every discount in a way that’s easy to find, so we break down some of the best known and also the lesser-known discounts you could be receiving. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Organization Discounts – Being a member of a civic or occupational organization could qualify you for a break on your policy for RAV4 coverage.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase life insurance from them.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Pay Upfront and Save – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you may earn approximately 10% to 15%.
  • Service Members Pay Less – Being on active duty in the military could mean lower rates.

It’s important to understand that most discounts do not apply the the whole policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, you’re out of luck.

Insurance companies that possibly offer some of the above discounts may include but are not limited to:

It’s a good idea to ask each company what discounts are available to you. Discounts may not apply in every state.

Factors that can influence insurance rates for a Toyota RAV4

Smart consumers have a good feel for the rating factors that go into determining your car insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that can help you get lower car insurance prices.

Listed below are some of the items that factor into your rates.

  • Extra add-on coverages are wasting money – There are quite a few extra coverages that you can buy if you aren’t careful. Coverages like personal injury protection, towing coverage and additional equipment coverage may be costing you every month. They may seem like a good idea when talking to your agent, but now you might not need them so get rid of them and save.
  • Too many car insurance claims drive up costs – If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Auto insurance companies give better rates to people who do not file claims often. Car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Sex matters – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Men and women are in accidents in similar percentages, but the males have costlier accidents. They also receive more costly citations like reckless driving and DUI. Teenage male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Where you live can impact rates – Residing in less populated areas can be a good thing when buying car insurance. City drivers have to deal with much more traffic and longer commute times. Less people living in that area means reduced accidents as well as less vandalism and auto theft.
  • Equipment add-ons that lower car insurance rates – Driving a car with an alarm system can help bring down rates. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
  • How many coverages with the same company – Most insurance companies give discounts to policyholders who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, you still need to compare other company rates to make sure you are getting the best deal. You may still be able to find a better deal by buying car insurance from a different company.

Which policy gives me the best coverage?

When buying adequate coverage, there really is not a one size fits all plan. Everyone’s situation is unique so your insurance should reflect that For instance, these questions can help discover whether you would benefit from professional advice.

  • What is roadside assistance coverage?
  • What is the ISO rating for a 2004 Toyota RAV4?
  • What is no-fault insurance?
  • Can I get a multi-policy discount?
  • Does my medical payments coverage pay my health insurance deductible?
  • Am I covered when delivering products for my home-based business?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It is quick, free and can help protect your family.

Beware of misleading insurance coverage ads

Drivers can’t ignore all the ads for the lowest price auto insurance by Geico, State Farm and Progressive. They all make the same claim about savings if you switch to their company.

How does each company say the same thing? It’s all in the numbers.

Different companies are able to cherry pick for the driver that is profitable for them. An example of a profitable customer might be between the ages of 40 and 55, insures multiple vehicles, and chooses high deductibles. A driver that hits that “sweet spot” will qualify for the lowest rates and therefore will save when switching.

Drivers who don’t measure up to the requirements will be charged a higher premium which leads to business going elsewhere. The ads say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way companies can make the claims of big savings. That is why you absolutely need to get quotes from several different companies. It’s impossible to know the company that will give you the biggest savings on Toyota RAV4 insurance.

Insurance coverage options for a 2004 Toyota RAV4

Knowing the specifics of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages found on the average insurance policy.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Toyota RAV4.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive or Other Than Collision – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as rock chips in glass, hitting a bird, hitting a deer, a broken windshield and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical costs insurance – Coverage for medical payments and/or PIP pay for expenses for dental work, rehabilitation expenses, EMT expenses, doctor visits and hospital visits. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Coverage for liability – Liability coverage provides protection from injuries or damage you cause to other’s property or people. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims such as repair costs for stationary objects, medical expenses and attorney fees. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as rolling your car, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Save for a rainy day

You just read a lot of tips how to save on 2004 Toyota RAV4 insurance. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the best price on insurance is with an unexpected company. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Progressive and Geico.

When buying insurance coverage, it’s not a good idea to buy poor coverage just to save money. There have been many situations where consumers will sacrifice uninsured motorist or liability limits only to find out they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at a price you can afford.

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