Who Has the Cheapest Insurance Quotes for a Toyota RAV4 in Delaware?

When the topic is car insurance, the words cheap or affordable should not be used anywhere in the article as a descriptor for auto insurance rates. Notwithstanding, cheap car insurance for a Toyota RAV4 can be hard to find. Don’t let that bother you, though, because there may be ways you can quote and buy car insurance that works with your budget.

The chances of finding cheap auto insurance for a Toyota RAV4 in Delaware hinges on a lot of rating factors like how you use your vehicle, if you are currently insured, and the level of deductible you choose. Drivers on average pay around $1,260 every 12 months to insure a RAV4, but that is an estimate using cost data for a 40-year-old single female driver who needs full physical damage coverage and $500 physical damage deductibles.

It’s highly likely you’re not a 40-year-old female, you might be married instead of single, or you just want cheap liability insurance instead of full coverage. What seems to be a minor change in price quote data can cause big differences in the price of coverage.

This shows why the only real way to find cheap insurance rates for your Toyota is to make a habit of comparing rates at every renewal. Quotes only take a few minutes and you will receive rate quotes from the best auto insurance companies that insure Toyota vehicles in Delaware.

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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Table data does not factor in zip code location which can change coverage rates considerably.

Finding a highly-rated auto insurance company can be a challenge considering how many companies sell insurance in Delaware. The rank data shown below can help you decide which car insurance companies to look at purchasing a policy from.

These rankings only include the companies with a significant amount of written premium nationwide, so smaller companies that only insure vehicles in Delaware will not be included in this list. To compare rates from these and other competitive companies, just click here.

Top 10 Large Auto Insurers in Delaware Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top Companies for Toyota RAV4 Insurance in Delaware

Liability only or full coverage

Finding the cheapest insurance for a Toyota RAV4 in Delaware is the goal of most drivers, and one of the fastest ways to find cheaper insurance is to only pay for liability coverage. The example below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Delaware. The rates are based on no violations or claims, $250 deductibles, drivers are single, and no discounts are applied to the premium.

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As an average for all age groups, full coverage on your policy costs an extra $2,519 per year more than just insuring for liability. Many drivers will wonder when is it safe to stop buying full coverage. There is no definitive formula to delete physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after paying the physical damage deductible. If it’s costing in excess of $600 a year for full coverage, then it might be time to consider dropping full coverage.

The information below shows how choosing a deductible can affect annual premium costs when getting quotes for cheap insurance for a Toyota RAV4. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3843,3531,3189,2865],[‘Age 30’, 2661,2435,2175,1925],[‘Age 40’, 2467,2261,2027,1803],[‘Age 50’, 2159,1979,1773,1577],[‘Age 60’, 2085,1911,1713,1525],[‘Age 70’, 2427,2229,2011,1805]]);var options = {title: ‘Impact of Deductible Levels on Toyota RAV4 Insurance Rates in Delaware’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 30-year-old driver could save $440 a year by increasing from a $100 deductible to a $500 deductible, or save $664 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old, could potentially save $978 annually by selecting a higher deductible.

When raising deductibles, it will be required to have enough funds in savings to allow you to pay the extra out-of-pocket expense associated with higher deductibles.

Geico vs State Farm vs Allstate vs Progressive

When comparing insurance for a RAV4, four of the larger companies to compare rates for are Geico, State Farm, Allstate, and Progressive. Combined they make up nearly half of all vehicles in the U.S.. The table below points out pricing and service ratings, as well as optional policy coverages offered by each company.