Best Cheap Insurance for a Toyota 4Runner in Colorado

Finding affordable car insurance for a Toyota 4Runner in Colorado depends on a complex formula that considers things such as how you use your 4Runner, your geographic location, and if you have a history of accidents. Colorado drivers pay around $900 each year to buy Toyota 4Runner insurance, but that figure is an estimation calculated based on a 40-year-old married female that purchased both comprehensive and collision coverage and $500 policy deductibles.

More than likely, you’re not a 40-year-old female, possibly single instead of married, or maybe your driving record isn’t squeaky clean. Auto insurance requires individual risk assessment, so your best shot at finding cheap insurance rates for your Toyota is to do your own rate comparisons.

Find Cheaper Toyota 4Runner Insurance

The trim level of your vehicle impacts the yearly cost, so the price to insure a 4Runner Sport 2WD model will be $152 cheaper than the cost to insure the high end 4Runner Limited 4WD trim level, as shown in the chart below.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Estimates do not factor in zip code location which can impact insurance rates significantly.

Comparing rates for cheap auto insurance is not the easiest thing to do, and figuring out which companies offer the cheapest auto insurance rates for a Toyota 4Runner requires additional perseverance.

Each auto insurance company has their own unique process for determining rates, so let’s take a look at the auto insurance companies with the most affordable rates in Colorado. It’s a good idea to be aware that Colorado auto insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Turning one year older, increasing liability limits, or having an at-fault accident may cause policy rate changes that can cause some rates to be cheaper than others.

Best Car Insurance Prices for Your Toyota

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The Hartford generally has some of the best car insurance rates in Colorado at around $825 a year. Grange, USAA, Nationwide, and GEICO also qualify as some of the more affordable Colorado auto insurance companies.

In the above example, if you have coverage with Nationwide and switched to The Hartford, you may see savings of upwards of $296. Drivers with GEICO might save as much as $327 a year, and Auto-Owners customers might lower prices by $331 a year.

These premium estimates are averages for all drivers and vehicles and do not take into consideration a specific rate factor for a Toyota 4Runner. So the insurer that fits your age and vehicle best may not even be in the list of companies above. That underscores the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.

Poor driving habits will raise your auto insurance rates

The recommended way to earn the most affordable auto insurance prices for a 4Runner is to pay attention while driving and avoid traffic citations and accidents. The diagram below illustrates how speeding tickets and at-fault collisions can influence annual premium costs for each different age group. The costs are based on a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 3393,4149,4899],[‘Age 30’, 1803,2561,3311],[‘Age 40’, 1721,2479,3227],[‘Age 50’, 1567,2327,3075],[‘Age 60’, 1539,2299,3045],[‘Age 70’, 1747,2505,3251]]);var options = {title: ‘Impact of Tickets and Claims on Colorado Toyota 4Runner 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 4Runner in Colorado’,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 per year with no accidents and a clean driving record is $1,962. Add in two speeding tickets and the average cost increases to $2,720, an increase of $758 each year. Now include one accident along with the two speeding tickets and the yearly cost of auto insurance for a Toyota 4Runner goes up to an average of $3,468. That’s an increase of $1,506, or $126 per month, just for not keeping your driving record clean!

The example below highlights how deductible selection can increase or decrease insurance rates when quoting cheap insurance for a Toyota 4Runner. Data assumes a single female driver, full coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3163,2887,2581,2293],[‘Age 30’, 2233,2029,1795,1569],[‘Age 40’, 2057,1873,1663,1461],[‘Age 50’, 1803,1641,1457,1281],[‘Age 60’, 1737,1585,1407,1237],[‘Age 70’, 2005,1831,1635,1449]]);var options = {title: ‘Effect of Higher Deductibles on Toyota 4Runner Insurance Rates in Colorado’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota 4Runner’,minValue: 0,format: ‘$###,###’},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 cut expenses by $394 a year by increasing from a $100 deductible to a $500 deductible, or save $596 by using a $1,000 deductible. Younger drivers, like the 20-year-old, could potentially save $870 every year by selecting a higher deductible.

If you do raise deductibles, it will now be necessary to have plenty of savings on hand to be able to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.