How Much Does Insurance Cost for a Toyota RAV4 in New York?

Finding cheaper coverage for a Toyota RAV4 in New York depends upon a pretty complex algorithm that uses a lot of factors such as how safe your vehicle is, your credit score, and any past driving violations you may have had. Drivers pay around $760 every 12 months to insure a RAV4, but that amount is a ballpark figure based upon a 40-year-old married male driver that includes full coverage and $250 deductibles.

There’s a high likelihood you are not 40 and maybe not even a male, you might be single instead of married, and maybe your credit level is not the same as what was rated. Using even a minor difference in the rating criteria used to formulate rates can result in a big discrepancy in the coverage rate.

Every driver has different characteristics, so the best method for finding the most affordable coverage for your Toyota is to put in the effort to do a thorough rate comparison.

Save Now on RAV4 Insurance

Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in New York location which can raise or lower premium rates noticeably.

Shopping around for budget insurance is easier said than done, and finding out which insurers offer the cheapest insurance rates for a Toyota RAV4 will take a little more work. Each auto insurer uses their own formula for filing rates in each state, so let’s begin by examining the insurance companies with the overall cheapest rates in New York.

Best Car Insurance Prices for Your Toyota

Compare Rates Today

USAA may have some of the cheapest car insurance rates in New York at around $1,187 each year. Erie, Utica National, Progressive, and Allstate also qualify as some of the lowest-priced New York auto insurance companies.

In this example, if you have coverage with Allstate and switched to Erie, you could realize a yearly savings of in the vicinity of $314. Customers with Travelers might save as much as $333 a year, and Amica policyholders might cut rates by $354 a year.

Bear in mind that those policy prices are averaged for all drivers and vehicles in New York and do not factor in a specific rating modification for a Toyota RAV4. So the auto insurance company that has the cheapest price for you may not even be included in the chart above. That points out the importance of why you need to get quotes using your own specific driver and vehicle information.

Reckless driving habits raise New York insurance rates

The recommended way to find the most affordable insurance premiums for a RAV4 is to be an attentive driver and have a clean driving record. The information below illustrates how traffic citations and at-fault fender-benders can increase yearly insurance costs for different age groups of insureds. The premiums assume a single male driver, full coverage, $500 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2523,2713,4401],[‘Age 30’, 1327,1515,3207],[‘Age 40’, 1299,1489,3179],[‘Age 50’, 1187,1377,3067],[‘Age 60’, 1149,1337,3031],[‘Age 70’, 1413,1601,3295]]);var options = {title: ‘Impact of Violations and Accidents on New York Toyota RAV4 Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4 in New York’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data charted above shows the average cost of car insurance in New York per year with no accidents and a clean driving record is $1,483. Receive one speeding ticket and the average cost hikes up to $1,672, an increase of $189 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for a Toyota RAV4 jumps again to an average of $3,363. That’s an increase of $1,880, or $157 per month, just for not paying attention while driving!

Comparison of full coverage and liability-only policies

Finding cheap insurance for a Toyota RAV4 in New York is probably important to the majority of people, and a good way to buy cheaper insurance is to only pay for liability coverage. The example below illustrates the difference between yearly insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no tickets, no at-fault accidents, $100 deductibles, single status, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3097,945],[‘Age 30’, 1603,523],[‘Age 40’, 1593,485],[‘Age 50’, 1447,453],[‘Age 60’, 1399,447],[‘Age 70’, 1695,595]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4 in New York’,minValue: 0,format: ‘$###,###’},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 average for all age groups, comp and collision coverage costs $1,806 per year over and above liability only. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no clear-cut rule that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

There are some circumstances where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.

State Farm, Geico, Allstate, or Progressive: Who is best?

If you want reliable insurance for a RAV4, the four most popular companies are State Farm, Geico, Allstate, and Progressive. If you add them together, they insure about 50% of all auto insurance written. The next table breaks down ratings for price and service, as well as some optional coverages you can expect with each one.