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Toyota MR2 Insurance Rates

Buying car insurance through online rate quotes can be fast and easy, in addition you can save money. The most important part is getting rates from all companies in order to accurately compare the cheapest rate quotes.

If you're new to shopping for car insurance online, you may be confused by the hoards of companies offering insurance. There are several ways to get quotes from different insurance companies. The recommended way to find the cheapest Toyota MR2 insurance cost is to get quotes online. This is very easy and can be done by getting a quick quote here.

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Criteria which help determine Toyota insurance rates

Car insurance premiums on a Toyota MR2 can be significantly different depending on several factors. A few of these criteria are:

  • A clean driving record keeps rates low
  • Better credit means lower rates
  • Men typically pay more than women
  • The deductible you choose
  • NTSB crash rating for your vehicle
  • Your occupation
  • The level of coverage
  • Owning a home can lower rates

An additional factor that helps determine Toyota MR2 insurance rates is the year of the vehicle. Older models have a much lower replacement value than newer models so the cost to replace them may result in lower rates. Conversely, more recent Toyota vehicles may have safety features such as dual-stage airbags, all-wheel drive, blind-spot warning system, and tire pressure monitors that may help help offset higher rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Auto liability - This coverage will cover injuries or damage you cause to people or other property in an accident. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so you should buy as large an amount as possible.

Collision coverage - Collision insurance will pay to fix damage to your Toyota resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in. Collision coverage for your Toyota MR2 can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive auto coverage - This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage. The highest amount a car 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 it's not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage - This coverage provides protection from other drivers when they are uninsured or don't have enough coverage. Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Medical payments and PIP coverage - Personal Injury Protection (PIP) and medical payments coverage pay for bills such as ambulance fees, surgery, and doctor visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Personal Injury Protection is only offered in select states and may carry a deductible.

How Much are Toyota MR2 Insurance Rates?