Cheap Insurance for a Toyota RAV4 in Florida

When writing about car insurance, the words “cheap” or “affordable” shouldn’t be used anywhere in the article as a descriptor for car insurance rates. The fact is, cheap auto insurance for a Toyota RAV4 is pretty hard to find. Don’t let that get you down, though, because we will tell you how you can still find and buy auto insurance that is easier on your budget.

Your ability to find affordable coverage for a Toyota RAV4 in Florida hinges on many factors such as how many miles you drive each year, your credit rating, and your policy deductibles. Drivers in Florida on average pay approximately $970 every 12 months to insure their RAV4, but that policy rate is an estimation based on cost data for a 30-year-old married male driver that includes full physical damage coverage and $1,000 deductibles.

There is a good possibility you aren’t exactly 30 years old or even a male, possibly single instead of married, or maybe you just want liability only. Having different needs demonstrates why your best chance at finding affordable rates for your Toyota is to compare as many rates as possible.

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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific location information which can influence auto insurance rates considerably.

Determining which companies quote the cheapest insurance rates for a Toyota RAV4 calls for a little more work in order to find the lowest price. Every auto insurer has their own unique process for setting prices, so let’s take a look at the most competitive insurance companies in Florida.

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USAA offers some of the cheapest car insurance rates in Florida at around $957 annually. Electric, Amica, Progressive, and Travelers would also be considered some of the more affordable Florida car insurance companies.

As shown above, if you currently buy coverage from Electric and switched to USAA, you may see yearly savings of in the vicinity of $807. Policyholders with Amica could save as much as $807 a year, and Progressive customers might realize rate reductions of up to $890 a year.

To compare your rates to other Florida insurance companies, click here to begin a quote or quote rates from the companies below.

These estimates are averaged across all drivers and vehicles in Florida and and are not calculated with a specific rate factor for a Toyota RAV4. So the car insurance company that fits your age and vehicle best may not even be included in the company chart above. That point stresses why you need to get auto insurance quotes using your own individual information.

The information below illustrates how choosing a deductible can impact insurance prices when searching for cheap insurance for a Toyota RAV4. The data is based on a married female driver, comp and collision included, and no discounts are taken into consideration.

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A 40-year-old driver could lower their policy premium by $340 a year by changing from a $100 deductible to a $500 deductible, or save $514 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could drop their prices up to $848 annually by choosing a larger deductible amount.

If you do decide to increase your deductibles, it will be necessary to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Cost of full coverage

Finding cheap insurance for a Toyota RAV4 in Florida is probably important to the majority of people, and one way to find cheaper insurance is to not buy full coverage. The information below illustrates the comparison of insurance premiums with liability coverage only compared to full coverage. The information is based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no policy discounts are applied.

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Averaged out for all age groups, full coverage on your policy costs an additional $2,066 per year over and above liability only. That proposes the question if buying full coverage is a good investment. There is no set guideline of when to stop paying for physical damage coverage, but there is a general convention. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after paying your deductible. If premium cost is more than $600 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some cases where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Who has the cheapest Toyota RAV4 insurance quotes?

Due to technology, there are many ways to quote insurance rates in Florida, but the three most common are through an exclusive insurance agent like Allstate or Auto-Owners, an independent insurance agent, or buying direct from a company like Progressive or Geico.

Each way has the same basic process, but they are slightly different in how they give price quotes.

Independent agencies are appointed by several companies and can get policy pricing from each one. They do not work for one specific company and can provide you with more rate quotes, which can help you get a better chance of saving money. If your agent finds better pricing, your agent can just switch to a different company without you having to go to a different agency.

Exclusive agents are restricted to quoting rates for just one company, two popular examples being an Auto-Owners or Allstate agent. Exclusive agents are unable to quote rates from more than one company, which does not give you the best rate comparison.

The final way is buying direct, which means you bypass local agents and instead buy buying direct from a company like Progressive or Geico. Shopping for insurance direct may be a decent choice consumers who do not need complex risk management and have an above average understanding of what is covered and what is not.

Which way works best for finding cheap insurance for a Toyota RAV4 in Florida? It would be premature to say buying from a direct company saves money because there are no middleman commissions, but that generally is not the case. We could also say that an independent agency results in the cheapest rates since they can quote with many companies, but that assumption is not true either. In some circumstances, exclusive agents have very competitive rates that are the lowest in Florida.

Since insurance prices are based on many different factors, the guaranteed way to get the cheapest rates is to do a thorough rate comparison. Take some time and get rate quotes from all three in order to be able to find the lowest price. For a list of companies with cheap rates in Florida, click here to view.

How to get cheap insurance for a Toyota RAV4 in Florida

Lowering your rates is not difficult, and here are a few thrifty suggestions that can help you find lower-cost auto insurance.

• Do not pay for comprehensive and collision coverage on older vehicles
• Buying home and auto insurance together can earn discounts
• Earn a discount by not filing claims
• Be a cautious driver
• Drive vehicles with five-star safety ratings
• At-fault accidents will increase rates
• Keep rates low by shopping around frequently

That last tip is extraordinarily significant, as we noted in this piece. Coverage prices in Florida change constantly, so drivers shouldn’t hesitate to switch companies if a more affordable rate is found. Brand loyalty is not necessarily bad, but is isn’t recommended if that dedication is costing lots of money. It only takes a couple minutes to compare prices to find cheaper insurance for a Toyota RAV4.

State Farm, Geico, Allstate, and Progressive: Who is cheapest?

When researching insurance for a RAV4 in Florida, the most popular companies are State Farm, Geico, Allstate, and Progressive. The next table compares and contrasts some of the different features shoppers can find with each company.