2016 Toyota Land Cruiser Insurance Cost – 7 Ways to Save

Searching for the cheapest car insurance rates for your Toyota Land Cruiser? Finding low cost coverage rates on car insurance is always quite difficult for beginners to shopping for insurance online. With such a large number of agents and companies competing online, it can easily become a real hassle to find the perfect company for you.

Insurance Coverage Discounts

Companies that sell car insurance don’t always publicize all disounts in an easy-to-find place, so the list below gives a summary of both the well known as well as the least known credits that you can use to lower your rates.

  • Drivers Ed for Students – Have your child take driver’s ed class if it’s offered in school.
  • Low Miles Discount – Fewer annual miles on your Toyota can earn better premium rates on cars that stay parked.
  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Drive Safe and Save – Accident-free drivers may save up to 50% more on Land Cruiser insurance than drivers with accident claims.
  • Multi-Vehicle Discounts – Insuring multiple cars or trucks on one policy can reduce rates for all insured vehicles.
  • Defensive Driver Discount – Taking part in a safe driver course could cut 5% off your bill if you qualify.
  • Accident Forgiveness – but companies like Liberty Mutual, Allstate and State Farm allow you one accident without the usual rate increase with the catch being you have to be claim-free for a certain period of time.

You can save money using discounts, but most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, insurance coverage companies aren’t that generous.

A few of the larger companies and a partial list of their discounts are outlined below.

  • State Farm policyholders can earn discounts including Drive Safe & Save, Steer Clear safe driver discount, good student, accident-free, driver’s education, passive restraint, and good driver.
  • Esurance includes discounts for Switch & Save, safety device, renters, multi-policy, claim free, good driver, and homeowner.
  • Progressive offers discounts for online signing, multi-policy, continuous coverage, homeowner, multi-vehicle, and online quote discount.
  • Liberty Mutual may have discounts that include new graduate, preferred payment discount, exclusive group savings, newly retired, multi-car, and good student.
  • Auto-Owners Insurance offers premium reductions for anti-theft, paperless, multiple vehicles, safe vehicle, and paid in full.
  • Geico may offer discounts for five-year accident-free, good student, emergency military deployment, air bags, and federal employee.

Before buying, ask every insurance company which discounts can lower your rates. Some credits might not be offered on policies everywhere. To locate providers that offer many of these discounts, click this link.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage, there is no one size fits all plan. Everyone’s situation is a little different.

Here are some questions about coverages that can help discover if your situation will benefit from professional help.

  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What are the financial responsibility laws in my state?
  • Which is better, split liability limits or combined limits?
  • Am I covered if hit by an uninsured driver?
  • Do I have coverage when using my vehicle for my home business?
  • Is my nanny covered when driving my vehicle?
  • Am I covered when delivering products for my home-based business?
  • Will my rates increase for filing one claim?
  • Do I have coverage if my license is suspended?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Insurance specifics

Knowing the specifics of a insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like fire damage, vandalism, falling objects and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance – Liability insurance protects you from damage or injury you incur to other’s property or people by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like court costs, loss of income, legal defense fees and structural damage. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Collision coverage – Collision insurance will pay to fix damage to your Land Cruiser resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like colliding with another moving vehicle, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like surgery, dental work and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Shop Smart and Save

Lower-priced insurance coverage is possible on the web and with local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance coverage companies may not offer rates over the internet and usually these regional carriers only sell through local independent agents.

Consumers who switch companies do it for a number of reasons such as extreme rates for teen drivers, being labeled a high risk driver, an unsatisfactory settlement offer and high prices. Regardless of your reason for switching companies, finding a great new company is pretty simple and you could end up saving a buck or two.

We’ve covered many ways to lower your 2016 Toyota Land Cruiser insurance rates. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the lowest rates come from a lesser-known regional company.

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