View 2006 Toyota Land Cruiser Insurance Cost

Looking for cheaper insurance coverage rates for your Toyota Land Cruiser? I can’t think of anyone who likes having to buy insurance coverage, especially knowing their premiums are through the roof.

Insurance companies such as Geico, Farmers Insurance and State Farm continually hit you with advertising and consumers find it hard to see past the corporate glitz and find the best price available.

If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this information. Buying car insurance is quite easy. But vehicle owners must know how big insurance companies price online insurance.

Why your Toyota Land Cruiser insurance rates may be high

An important part of buying insurance is that you know the factors that come into play when calculating your auto insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that could result in much lower annual insurance costs.

The list below includes some of the items companies use to determine premiums.

  • Big city or small town – Being located in a rural area has it’s advantages when buying auto insurance. City drivers tend to have congested traffic and longer commutes to work. Fewer people means fewer accidents and also fewer theft and vandalism claims.
  • Car features impact rates – Purchasing a vehicle with a theft deterrent system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping car theft.
  • Increase deductibles and save – Your deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of covered claims would be running into the backend of another car, vandalism, or theft. The higher the amount you’re willing to pay, the lower your rates will be on Land Cruiser insurance.
  • Discounts for married couples – Having a wife or husband helps lower the price on your auto insurance policy. Marriage usually means you are more mature and responsible it has been statistically shown that drivers who are married are more cautious.

Companies offer discounts so take them!

Car insurance companies don’t always advertise all their discounts very well, so we researched both well-publicized as well as the least known discounts you could be receiving.

  • Auto/Life Discount – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
  • Multi-car Discount – Having more than one vehicle with the same company can get a discount on all vehicles.
  • Student in College – Kids in college who live away from home and do not have access to a covered vehicle may qualify for this discount.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can get savings up to 30%.
  • Auto/Home Discount – When you have multiple policies with one company you may earn 10% to 20% off each policy.
  • New Car Discount – Insuring a new car can save up to 30% compared to insuring an older model.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.

Keep in mind that many deductions do not apply the the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

Companies that may offer these money-saving discounts may include but are not limited to:

Double check with every prospective company how you can save money. Discounts may not be available in your state.

Save $411 a year? Really?

Auto insurance companies such as Progressive, Allstate and Geico consistently run ads on television and other media. They all seem to say the same thing that you can save if you change your coverage to them. How do they all make the same claim?

Different companies can use profiling for the right customer that makes them money. For instance, a profitable customer might be profiled as between 25 and 40, has no tickets, and has a short commute. A customer that hits that “sweet spot” gets the lowest rates and as a result will probably save quite a bit of money when switching.

Drivers who don’t meet the “perfect” profile must pay higher rates and this can result in business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save money. That’s the way companies can advertise the savings. This illustrates why it is so important to get as many comparisons as possible. Because you never know which company will give you the biggest savings on Toyota Land Cruiser insurance.

Do I just need basic coverages?

When buying coverage for your vehicles, there is no cookie cutter policy. Every insured’s situation is different and your policy should reflect that. These are some specific questions could help you determine if you might need an agent’s assistance.

  • Does my 2006 Toyota Land Cruiser need full coverage?
  • Is my Toyota Land Cruiser covered if I use it for business?
  • Should I get collision insurance on every vehicle?
  • Does having multiple vehicles earn me a discount?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered if I wreck a rental car?
  • At what point should I drop full coverage?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Coverages available on your policy

Understanding the coverages of a insurance policy helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages available from insurance companies.

Auto collision coverage

This coverage covers damage to your Land Cruiser resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like backing into a parked car, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive protection

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like hitting a deer, damage from flooding and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability insurance

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for things such as repair costs for stationary objects, legal defense fees and medical expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage

This provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Toyota Land Cruiser.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as nursing services, pain medications, EMT expenses and ambulance fees. They are used in conjunction with a health insurance program or if there is no health insurance coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Pennies from heaven

We just covered a lot of ways to save on 2006 Toyota Land Cruiser insurance. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. You may even discover the biggest savings come from an unexpected company. These companies may have significantly lower rates on certain market segments compared to the large companies like State Farm and Allstate.

Low-cost insurance is definitely available on the web as well as from independent agents, so you should compare both to have the best chance of lowering rates. A few companies don’t offer online price quotes and most of the time these small insurance companies sell through independent agents.

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