Cheapest Insurance Quotes for a Toyota RAV4 in Vermont

The chances of buying the cheapest coverage for a Toyota RAV4 in Vermont depends on a lot of factors like whether you are a homeower, the size of your vehicle, and if you have any chargeable driving offenses. Drivers in Vermont will pay on average $540 a year for RAV4 insurance, but that figure is an estimate calculated using a 40-year-old married male driver who requires full comprehensive and collision coverage and $1,000 policy deductibles.

Chances are that rate is not what you would pay, because most likely you are not 40 and possibly not even male, you might be single instead of married, and maybe you want higher deductibles. Each driver’s needs are different, and that demonstrates why the only way to find cheap auto insurance rates for your Toyota is to just take the time to compare rates yourself. It only takes a few minutes and you will get price quotes from some of the cheapest companies in Vermont.

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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Vermont minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate information does not factor in specific Vermont garaging location which can modify premium rates significantly.

Deciphering which companies offer the most affordable car insurance rates for a Toyota RAV4 will take a little more effort than just getting one or two price quotes. Each insurer uses different criteria to determine premium rates, so let’s rank the car insurance companies with the overall cheapest rates in Vermont.

It’s a good idea to know that Vermont car insurance rates are impacted by many factors that control the policy price. Simply turning a year older, increasing deductibles, or having an at-fault accident may prompt premium changes that can make some companies cheaper in comparison to the competition.

Cheap Insurance Rates for Your Toyota

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Safeco offers some of the cheapest car insurance rates in Vermont at around $467 each year. California Casualty, The Hartford, USAA, and Travelers also qualify as some of the lowest-priced Vermont insurance companies.

In the above example, if you buy coverage from California Casualty and switched to Safeco, you could realize a yearly price reduction of roughly $37. Customers with The Hartford may save as much as $153 a year, and USAA policyholders might reduce rates by $178 a year.

Bear in mind that those rates are averaged across all ages of drivers and types of vehicles and are not factoring in a specific rating modification for a Toyota RAV4. So the auto insurance company that is best suited for you may not even be shown in the chart above. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Liability-only versus full coverage

Finding the cheapest insurance for a Toyota RAV4 in Vermont is probably important to most people, and one of the best ways to pay less for insurance is to not pay for full coverage. The information below compares car insurance costs with full coverage and liability only. The premium estimates are based on no violations or claims, $250 deductibles, single marital status, and no other discounts are factored in.

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If we average all the age groups together, comprehensive and collision coverage on your policy costs $1,487 per year over and above liability only. At some point, about every driver wonders if full coverage is worth the money. There is no definitive rule for excluding full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your vehicle’s settlement value is $7,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $6,500 after paying your deductible. If you are paying over $650 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are a few cases where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Geico vs State Farm vs Progressive vs Allstate

When comparing rates for insurance for a RAV4, four companies to definitely compare rates with are Geico, State Farm, Progressive, and Allstate. If you add them together, they insure about 50% of the entire U.S. market share. All four can cover your vehicle for liability and physical damage, but each one has somewhat different options that can influence your buying decision. The data below ranks pricing and service ratings, plus some optional coverages that are available.