Best Cheap Insurance Quotes for a Toyota RAV4 in Alaska

The likelihood of finding cheap coverage for a Toyota RAV4 in Alaska depends upon many rating factors like how long your commute is, whether or not you have prior claims, and your choice of deductibles. Drivers in Alaska pay on average $880 every 12 months to insure a RAV4, but that policy rate is an estimation based on cost data for a 40-year-old married female that included full coverage and $100 policy deductibles.

It’s more than likely that you are not 40 and maybe not even a female, single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Auto insurance requires individual risk assessment, so your best chance at finding cheap auto insurance rates for your Toyota is to put in the effort to do a thorough rate comparison. Comparing quotes is easy and you will receive rate quotes from the best companies that insure Toyota vehicles in Alaska.

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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can increase or decrease prices considerably.

Comparing quotes for budget car insurance is not easy, and figuring out which company quotes the lowest-priced insurance rates for a Toyota RAV4 will require more quotes for comparison.

Each insurance company has a proprietary formula for setting prices, so we’ll take a look at the overall cheapest insurance companies in Alaska. It’s important that you understand Alaska insurance rates are impacted by many factors that control the price of coverage. Simply turning a year older, moving to a new city, or getting a driving violation may prompt premium changes that can make some companies more expensive than before.

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Umialik normally has some of the most affordable car insurance rates in Alaska at around $865 annually. USAA, State Farm, Progressive, and GEICO also make the cut as some of the most economical Alaska insurance companies.

As shown in the rates above, if you have coverage with Progressive and switched to USAA, you could see annual savings of about $280. Customers with GEICO may save as much as $919 a year, and Allstate customers might lower prices by up to $1,336 a year.

To find out how your current rates compare, click here to get quotes or visit several of the following companies.

Be aware that those policy rates are averages for all insureds and vehicles and do not take into consideration a specific rating modification for a Toyota RAV4. So the company that can offer you the best price may not even be shown in the list above. That underscores the importance of why you need to get auto insurance quotes using your own driver and vehicle profiles.

Difference between full coverage and liability only rates

Finding the best cheap insurance for a Toyota RAV4 in Alaska should be important to most vehicle owners, and an easy way to pay less for insurance is to not pay for full coverage. The chart below illustrates the comparison of yearly insurance costs with and without physical damage coverage. Data assumes a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no discounts are factored in.

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Averaged for all age groups, physical damage coverage costs an extra $1,523 per year more than just buying liability only. Many drivers may wonder if buying full coverage is a good investment. There is no exact rule of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

The information below demonstrates how choosing different deductibles can raise or lower insurance premiums when researching cheap insurance for a Toyota RAV4. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3185,2899,2591,2301],[‘Age 30’, 1647,1515,1361,1213],[‘Age 40’, 1637,1495,1335,1183],[‘Age 50’, 1485,1361,1217,1083],[‘Age 60’, 1437,1317,1181,1051],[‘Age 70’, 1745,1605,1453,1309]]);var options = {title: ‘Impact of Higher Deductibles on Toyota RAV4 Insurance Rates in Alaska’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 50-year-old driver could cut expenses by $268 a year by increasing from a $100 deductible to a $500 deductible, or save $402 by using a $1,000 deductible. Younger drivers, like the Age 20 category, have the ability to save as much as $884 each year by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have additional funds squirreled away to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Progressive, State Farm, Allstate, or Geico: Which is best?

When comparing car insurance, the most popular companies are Progressive, State Farm, Allstate, and Geico. Each company has slightly different coverages and options that drivers can select from. The following table illustrates some of the different options and features that are available.