Who Has Cheap Insurance Quotes for a Toyota 4Runner in Arkansas?

When the topic is car insurance, the word cheap should not appear as a descriptor for car insurance rates. Nonetheless, cheap car insurance for a Toyota 4Runner is just plain contradictory. Don’t let that get you down, though, because we will tell you how you can get coverage that won’t break your budget.

The odds of finding cheap auto insurance for a Toyota 4Runner in Arkansas hinges on lots of different rating factors like when you were born, the insurance company you are currently insured with, and your motor vehicle report. Arkansas drivers pay approximately $900 every 12 months to insure a 4Runner, but that policy rate is an approximation based on cost data for a 30-year-old single male that has full physical damage coverage and $1,000 deductibles.

It’s more than likely that you are not 30 and maybe not even a male, possibly married instead of single, or possibly you just want cheap liability coverage. Even a very minor difference in rating variables or coverage information can induce significant differences in the cost of coverage for a Toyota 4Runner.

Insurance is an individual thing, so the way we recommend to find cheap insurance prices for your Toyota is to start the habit of comparing rates at least once a year. It’s really quite easy you will get price quotes from some of the cheapest companies in Arkansas.

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Vehicle trim level will be a contributing factor to price, so the cost to insure a 4Runner Sport 2WD trim level will be $124 lower than the insurance cost for the more well-appointed 4Runner Limited 4WD version, as demonstrated by the prices below.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arkansas minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in vehicle location which can revise premium rates substantially.

Insurance company ratings

Ending up with the highest-rated car insurance provider can be a challenge considering how many companies there are in Arkansas. The ranking data shown below could help you select which insurers to look at when comparing rates. The rankings below are only comprised of large, nationwide insurance companies, so smaller regional companies are not taken into consideration for this list.

Top 10 Major Auto Insurance Companies in Arkansas Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. American Family
6. GEICO
7. Liberty Mutual
8. Esurance
9. AAA Insurance
10. The Hartford

Top 10 Major Auto Insurance Companies Overall in Arkansas

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Top Companies for Toyota 4Runner Insurance in Arkansas

Does full coverage make sense?

Finding cheap insurance for a Toyota 4Runner in Arkansas is probably important to most drivers, and one good way to buy cheap insurance is to buy only liability coverage. The example below illustrates the difference between insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Arkansas. The rates are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Averaged out for all age groups, physical damage coverage on your policy costs an extra $1,569 per year more than carrying just liability coverage. That raises the question if buying full coverage is worth the expense. There isn’t a written rule of when to stop paying for full coverage, but there is a general school of thought. If the yearly cost of full 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 settlement value is $5,500 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $4,500 after the deductible is paid. If premiums are more than $450 a year to have full coverage, then you may want to consider only buying liability coverage.

There are some situations where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Impact of violations and accidents on rates

The common sense way to obtain the cheapest insurance prices in Arkansas for a 4Runner is to drive safe and avoid accidents and keep your driving record clean. The diagram below demonstrates how traffic citations and at-fault fender-benders influence insurance costs for different age groups. The premium estimates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.

In the previous chart, the average cost of an auto insurance policy in Arkansas per year with no accidents or violations is $1,569. Get two speeding tickets and the average cost hikes up to $2,069, an increase of $500 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of insurance for a Toyota 4Runner increases to an average of $4,044. That’s an increase of $2,475, or $206 per month, just for not keeping your driving record clean!

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

If you are looking for the best car insurance, the four most popular companies are State Farm, Allstate, Geico, and Progressive. The table below breaks down ratings for price, service, and claims, in additional to some of the optional coverages offered by each company.