Who Has Cheap Insurance for a Toyota RAV4 in Oklahoma?

Because the topic is car insurance, the word affordable really shouldn’t be used anywhere in the article to describe car insurance prices. Notwithstanding, cheap car insurance for a Toyota RAV4 is almost non-existent. Don’t let that ruin your day, because we are going to show you some ways you can get auto insurance that won’t break the bank.

Finding cheap auto insurance for a Toyota RAV4 in Oklahoma relies on a complex formula that considers things like how old the vehicle is, if you have ever had a gap in coverage, and citations or violations on your driving record. Oklahoma drivers will pay around $1,170 each year to insure a Toyota RAV4, but that amount is a valuation using cost data for a 40-year-old married female driver that has full coverage and $500 physical damage deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not 40 and maybe not even a female, single instead of married, and you may just want the cheapest liability coverage you can find. This shows why the only real way to find the cheapest insurance price for your Toyota is to comparison shop your policy at each renewal.

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Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in vehicle location which can modify insurance rates greatly.

Finding out which company quotes the most affordable insurance rates for a Toyota RAV4 takes more work in order to find the best policy. Every insurance company has their own process to set their prices, so let’s take a look at the most competitive insurance companies in Oklahoma.

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Oklahoma Farmers Union normally has some of the most affordable car insurance rates in Oklahoma at around $1,166 per year. USAA, GEICO, The Hartford, and Safe Auto are also some of the most economical Oklahoma auto insurance companies.

In the above rates, if you currently have a policy with The Hartford and switched to USAA, you might achieve an annual savings of about $163. Customers with Safe Auto could save as much as $209 a year, and Farmers insureds might realize rate reductions of up to $226 a year.

To see how much you can save, click here to start your free quote or quote rates from the companies below.

Be aware that those estimates are averages for all drivers and vehicles and do not take into consideration a specific rate factor for a Toyota RAV4. So the insurer that fits you best may not even be included in the chart above. That’s why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

The diagram below illustrates how your choice of deductibles can affect insurance prices when quoting cheap insurance for a Toyota RAV4. The data is based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

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The data above shows that a 30-year-old driver could reduce rates by $426 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $644 by using a $1,000 deductible. Younger drivers, such as the Age 20 example, could shave as much as $910 every year by using a higher deductible.

When using a larger deductible, it will be necessary to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to find economical car insurance for a Toyota RAV4

The list below shows a few penny-pinching solutions that can help you get cheaper coverage.

• Increase your physical damage deductibles
• Being accident-free can lower rates significantly
• Earn a discount by not filing claims
• Bundle car and home insurance and save money
• Good credit can help you save money
• Do not get tickets
• Shop around for cheaper rates regularly

The last item on the list is remarkably valuable, as we emphasized in this write-up. Car insurance prices change frequently, so you should be ready to buy a policy from a new company if a cheaper rate is available.

Having brand loyalty is commendable, but it isn’t a good idea if that dedication is costing a lot of money. It only take a few minutes to compare prices and find cheaper insurance for a Toyota RAV4.

Cheapest Toyota RAV4 insurance quotes

Thanks to the internet, there are a lot of ways to buy insurance in Oklahoma, but the most prevalent ways are through an exlusive agent like State Farm or Allstate, an independent agent, or direct from companies such as Geico or Progressive. Each way has the same basic steps, but they are slightly different in how they provide price quotes.

Independent insurance agencies work with multiple companies and can do rate comparisons with all of them. These agents do not sell for just one brand and can give you more rate choices, which may provide you with a better chance of finding cheaper coverage. If a cheaper price is found, your agent can just switch to a different company and you can keep the same agent.

A captive or exclusive agent is ‘exlusive’ to just one company, examples being a State Farm or Farmers agent. This type of agents cannot quote prices from more than a single company, which necessitates shopping around.

Opting to purchase insurance direct means you bypass either of the other two types of agents and buy from a direct company like Progressive. This option may be the best choice families who have little risk and know more than average about what coverages they need.

So which of those three methods works best for finding cheap insurance for a Toyota RAV4 in Oklahoma? The quick answer would be shopping direct yields the cheapest rates since there isn’t an agent involved, but in reality, that is not the case. It could also be said an independent agent results in the cheapest rates since they have more companies to choose from, but again, that’s not accurate. In many circumstances, exclusive agencies may have prices that are the lowest in Oklahoma.

Because it’s impossible to say who has the best insurance rates, the only true way to buy the cheapest policy is to get rate quotes and compare. Put in the effort to get rate quotes from all three to get a good idea who is cheapest. To see some of the cheapest online companies available, click here to view.