View 2002 Toyota RAV4 Insurance Rates

Trying to find cheaper insurance coverage rates for your Toyota RAV4? Nobody likes paying for insurance coverage, in particular when their premiums are through the roof.

Because there are so many choices, it’s difficult to pick the lowest cost car insurance company.

You probably qualify for some discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to help bring down the price. Some discounts apply automatically when you quote, but a few must be asked about before they will apply.

  • Accident Waiver – Some insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts could save 15% off your PIP or medical payments premium.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you may save at least 10% off all policies.
  • 55 and Retired – Older drivers may qualify for better car insurance rates on RAV4 insurance.
  • Homeowners Discount – Being a homeowner may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Good Student – This discount can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.
  • E-sign – A few companies will give a small break for buying a policy and signing up online.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like you can get free auto insurance, companies don’t profit that way. But all discounts will bring down the cost of coverage.

To see a list of insurers with discount car insurance rates, follow this link.

Complexity of Toyota RAV4 insurance rates

Smart consumers have a good feel for the rating factors that go into determining your insurance coverage rates. Understanding what determines base rates allows you to make educated decisions that can help you get lower insurance coverage prices.

Listed below are a few of the “ingredients” companies use to determine your rates.

  • Multi-policy discounts can save money – Most insurance companies provide better rates to people who consolidate policies with them in the form of a multi-policy discount. Even though this discount sounds good, you may still want to compare other company rates to make sure you are getting the best deal.
  • More people means more accidents – Choosing to live in a rural area is a positive aspect when it comes to insurance coverage. Urban drivers have to deal with more traffic problems and a longer drive to work. Lower population means reduced accidents and a lower car theft rate.
  • Protect yourself with liability coverage – Your policy’s liability coverage is the protection in the event that you are found liable for personal injury or accident damage. Liability insurance provides for a legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • How your age affects price – Older drivers tend to be more responsible, statistically cause fewer accidents and tend to be better behind the wheel. Young drivers have a tendency to be less responsible behind the wheel and because of this, their insurance coverage rates are much higher.
  • Always keep insurance in force – Driving with no insurance is against the law and insurance coverage companies will penalize you for letting your insurance expire. Not only will you pay more, getting caught without coverage might get you a revoked license or a big fine.
  • Pay less if you’re married – Getting married can get you a discount when buying insurance coverage. Having a spouse means you’re more mature and statistics show married couples file fewer claims.

There’s no such thing as the perfect policy

When buying the right insurance coverage, there is no best way to insure your cars. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether or not you would benefit from professional advice.

  • Are split liability limits better than a combined single limit?
  • Do I need rental car coverage?
  • Will my insurance pay for OEM parts?
  • Do I need motorclub coverage?
  • Should I get collision insurance on every vehicle?
  • What should my uninsured motorist coverage limits be in my state?
  • What is medical payments coverage?
  • Does my insurance cover my expensive audio equipment?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Do auto insurance companies bend the truth?

Allstate, Geico and Progressive constantly bombard you with ads on television and other media. All the companies make an identical promise about savings if you switch your coverage to them. But how can every company make almost identical claims? This is how they do it.

All the different companies can use profiling for the right customer they prefer to insure. An example of a desirable insured could be between 30 and 50, has no tickets, and drives less than 10,000 miles a year. A customer who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Drivers who don’t measure up to the “perfect” profile will be charged higher premiums which leads to business going elsewhere. The ads say “customers that switch” not “people who quote” save money. That’s the way insurance companies can confidently advertise the savings.

That is why drivers must get as many comparisons as possible. It is impossible to predict which company will give you the biggest savings on Toyota RAV4 insurance.

Auto insurance policy coverages for a 2002 Toyota RAV4

Learning about specific coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by auto insurance companies.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for liability – This will cover damage or injury you incur to a person or their property. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like court costs, funeral expenses and emergency aid. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like fire damage, falling objects and a broken windshield. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for expenses like prosthetic devices, nursing services, EMT expenses, rehabilitation expenses and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision – Collision insurance pays for damage to your RAV4 resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as driving through your garage door, crashing into a building, backing into a parked car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Get your money’s worth

When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. Too many times, drivers have reduced uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. Your goal should be to buy the best coverage you can find for the lowest price.

In this article, we presented a lot of information how to reduce 2002 Toyota RAV4 insurance prices online. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers may even find the most savings is with a small local company. They may have significantly lower rates on certain market segments than their larger competitors like Allstate or State Farm.

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