Cheapest Insurance Quotes for a Toyota RAV4 in Arkansas

The chances that you’ll find cheap insurance for a Toyota RAV4 in Arkansas depends upon a lot of rating criteria like your financial responsibility, your profession, and the deductible amount you use. Drivers in Arkansas pay an average of $1,060 each year for RAV4 insurance, but that policy rate is an approximation based on a 40-year-old single female driver that included full comprehensive and collision coverage and $500 policy deductibles.

More than likely, you are not exactly 40 years old and possibly not even female, you might be married instead of single, or maybe you just want different deductibles. What seems to be a minor change in policy rating data could end up in a significant change in the price of a policy.

Auto insurance requires individual risk assessment, so the most reliable method for finding the most affordable coverage for your Toyota is to just take the time to do a thorough rate comparison. Quotes only take a few minutes and you will be able to compare rates from top-rated companies that sell coverage in Arkansas.

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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in specific location information which can change price quotes substantially.

Establishing which company has the cheapest auto insurance rates for a Toyota RAV4 will require more work than just getting one or two price quotes.

Every insurance provider used slightly different criteria for filing rates in each state, so we’ll take a look at the auto insurance companies with the overall cheapest rates in Arkansas. It’s important that readers know that Arkansas auto insurance rates are influenced by many factors that can increase the cost of having a policy. Getting older, getting married, or getting a DUI can trigger price changes that can make some companies more affordable than others.

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USAA may have some of the most affordable car insurance rates in Arkansas at around $991 each year. Auto Club, Travelers, Southern Farm Bureau, and State Farm also make the cut as some of the more affordable Arkansas car insurance companies.

As shown in the rates above, if you currently have coverage with Auto Club and switched to USAA, you may see annual savings of around $44. Arkansas drivers with Travelers could save as much as $135 a year, and Southern Farm Bureau policyholders might see rate reductions of $222 a year.

To get a fast rate comparison, click here to start your free quote or visit any of the companies below.

It’s important to note that these policy rates are averages for all drivers and vehicles in Arkansas and and are not calculated with a specific rate factor for a Toyota RAV4. So the car insurance company that is best for you may not even be included in the chart above. That illustrates why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

The example below illustrates how your choice of deductibles can impact insurance prices when researching cheap insurance for a Toyota RAV4. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3965,3611,3229,2865],[‘Age 30’, 2049,1885,1693,1509],[‘Age 40’, 2033,1857,1657,1467],[‘Age 50’, 1847,1691,1513,1345],[‘Age 60’, 1785,1635,1465,1303],[‘Age 70’, 2167,1997,1805,1627]]);var options = {title: ‘Deductibles and Toyota RAV4 Insurance Rates in Arkansas’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4’,minValue: 0,format: ‘$###,###’},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 30-year-old driver could pocket $376 a year by changing from a $100 deductible up to a $500 deductible, or save $566 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could possibly save up to $1,100 each year by choosing a larger deductible amount.

When choosing a higher deductible, it is a good idea to have additional funds squirreled away to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Do you need full coverage?

Finding the cheapest insurance for a Toyota RAV4 in Arkansas is the goal of most drivers, and one of the easiest ways to find cheaper insurance is to only buy liability coverage. The information below compares car insurance rates with full coverage compared to only the Arkansas minimum liability coverage. The rate quotes are based on no violations or claims, $500 deductibles, single status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 3229,1205],[‘Age 30’, 1693,663],[‘Age 40’, 1657,613],[‘Age 50’, 1513,575],[‘Age 60’, 1465,565],[‘Age 70’, 1805,755]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4 in Arkansas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an overall average, full coverage costs $1,894 per year more than insuring for liability only. That is a large expense and it proposes the question if paying for full coverage is a waste of money. There is no definitive guideline to drop full coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after paying the physical damage deductible. If you are paying over $400 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

How to find the cheapest insurance for a Toyota RAV4 in Arkansas

Lowering your rates is not difficult, and here are some penny-pinching ideas that can help drivers find cheap auto insurance.

• Claim-free drivers earn discounts
• Avoid at-fault accidents and claims
• Buying home and auto insurance together can earn discounts
• The safer your car, the less it costs to insure
• Keep your driving record clean
• Compare prices frequently to find the best deal

That last idea is very necessary, as we discussed in this article. Prices charged by companies change frequently, so don’t hesitate to switch companies if a more affordable price is available. Brand loyalty is not necessarily bad, but it’s not a great idea if that dedication is costing a considerable chunk of change every month. It only take a few minutes to compare rates and find cheaper auto insurance for a Toyota RAV4.