How Much Does 2006 Toyota RAV4 Insurance Cost?

Consumers have options when looking for the best price on Toyota RAV4 insurance. They can either waste time driving around getting price quotes or leverage the internet to compare rates. There is a right way and a wrong way to compare insurance rates so you’re going to learn the absolute fastest way to get price quotes on a Toyota and get the best price possible.

Do you qualify for discounts?

Companies that sell car insurance do not list all available discounts very well, so we took the time to find both the well known as well as the least known ways to save on insurance. If you don’t get every credit possible, you are throwing money away.

  • Safe Driver Discount – Insureds without accidents may receive a discount up to 45% less for RAV4 coverage than less cautious drivers.
  • Safety Course Discount – Taking a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Low Mileage – Keeping the miles down on your Toyota could qualify for a substantially lower rate.
  • Discount for Swiching Early – Some companies give discounts for switching policies prior to your current policy expiration. The savings is around 10%.
  • College Student – Youth drivers who attend school more than 100 miles from home and don’t have a car may qualify for this discount.
  • Senior Discount – Mature drivers can possibly qualify for a discount up to 10% for RAV4 coverage.
  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
  • Own a Home – Being a homeowner can save you money because owning a home requires personal responsibility.
  • Memberships – Participating in certain professional organizations could qualify you for a break on your policy for RAV4 coverage.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class in school.

It’s important to understand that many deductions do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, you won’t be that lucky.

For a list of providers offering insurance discounts, click here.

Toyota RAV4 insurance premiums are calculated by many factors

It’s important that you understand the different types of things that play a part in calculating your insurance rates. Knowing what determines base rates allows you to make educated decisions that will entitle you to lower insurance prices.

Shown below are a partial list of the pieces companies use to determine prices.

  • Bump up deductibles to save – The deductibles represent how much money you are willing to pay if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of covered claims are colliding with a building, collision with an animal, and windstorm damage. The more you’re willing to pay, the bigger discount you will receive for RAV4 coverage.
  • Where you live – Living in small towns and rural areas is a positive aspect when insuring your vehicles. Lower population translates into fewer accidents and a lower car theft rate. Urban drivers regularly have more traffic problems and longer commutes to work. Higher commute times means more change of being in an accident.
  • Add-on coverages can add up – There are a ton of additional coverages you can purchase on your 2006 RAV4 policy. Insurance for vanishing deductibles, better glass coverage and additional equipment coverage are examples of these. They may seem like a good idea at first, but now you might not need them so eliminate the coverages to reduce your premium.
  • No coverage gaps is important – Letting your insurance expire is a quick way to increase your insurance rates. Not only will you pay more, but not being able to provide proof of insurance will get you a steep fine or even jail time.

Don’t assume everyone needs the same coverage

When buying adequate coverage, there is no “best” method to buy coverage. Every situation is different.

For instance, these questions might point out whether your personal situation might need an agent’s assistance.

  • What should my uninsured motorist coverage limits be in my state?
  • Which companies will insure high-risk drivers?
  • Do I need replacement cost coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered if I hit my neighbor’s mailbox?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is there coverage for injuries to my pets?
  • What happens if I owe more than my 2006 Toyota RAV4 is worth?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.

How can 21st Century, Allstate and State Farm save drivers who switch?

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all have a common claim about savings after switching your policy.

How do they all make almost identical claims?

All companies have a certain “appetite” for the type of customer that is profitable for them. For instance, a driver they prefer could be between 25 and 40, is a homeowner, and has a short commute. A driver that hits that “sweet spot” will get very good rates and most likely will cut their rates substantially.

Consumers who do not match these standards will be quoted a more expensive rate and ends up with business going elsewhere. The ads state “drivers who switch” not “people who quote” save money. That is how insurance companies can confidently advertise the savings. This emphasizes why drivers should get a wide range of price quotes. Because you never know which company will provide you with the cheapest Toyota RAV4 insurance rates.

Specific coverages for a 2006 Toyota RAV4

Learning about specific coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Auto liability

Liability insurance provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as loss of income, bail bonds, funeral expenses and structural damage. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hail damage, hitting a bird, a broken windshield and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Toyota RAV4.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage

This pays for damage to your RAV4 from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as scraping a guard rail, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for expenses for things like prosthetic devices, hospital visits and dental work. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

A penny earned…

People who switch companies do it for many reasons like policy non-renewal, delays in paying claims, poor customer service and even denial of a claim. No matter why you want to switch, finding the right insurance provider is easier than you think.

Lower-priced 2006 Toyota RAV4 insurance is possible on the web and also from your neighborhood agents, so you should compare both to have the best selection. A few companies may not provide the ability to get a quote online and these smaller companies work with independent agents.

You just learned many tips how you can compare insurance prices online. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. Consumers could even find that the biggest savings come from the least-expected company.

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