How Much Does Insurance Cost for a Toyota 4Runner in Minnesota?

Our editors keep telling us that when writing about auto insurance, the word affordable shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. Notwithstanding, cheap car insurance for a Toyota 4Runner can be difficult to find. But don’t despair, because we will tell you how you can still find and buy car insurance that may not be cheap, but it is affordable.

Buying the best cheap coverage for a Toyota 4Runner in Minnesota is contingent on many factors like annual vehicle mileage, whether or not you are currently insured, and the level of deductible you choose. Drivers in Minnesota pay an average rate of $1,190 each year for 4Runner insurance, but that is calculated using a 40-year-old single male driver who needs full coverage including both comprehensive and collision and $100 deductibles.

It’s more than likely you may not be 40 years old (or even male), maybe you are married instead of single, or maybe you rent instead of own your home. What people think is a minor change in the criteria used to calculate rates can result in a large change in price quotes.

Each driver’s needs are different, and that demonstrates why your best chance at finding cheap insurance rates for your Toyota is to just compare rates yourself. It takes less than five minutes and you will receive prices from the best auto insurance companies around.

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The trim level of your 4Runner can impact the annual cost of coverage, so the rate you will pay to insure a 4Runner Sport 2WD trim level will be $236 less than the price to insure the higher-priced 4Runner Limited 4WD trim level, as demonstrated by the prices below.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in garaging location in Minnesota which can lower or raise prices substantially.

Finding affordable auto insurance is tough enough, and determining which companies offer the lowest-priced auto insurance rates for a Toyota 4Runner calls for even more diligence.

Every car insurance company uses different criteria for determining prices, so we’ll take a look at the auto insurance companies with the overall cheapest rates in Minnesota.

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Travelers may offer some of the best car insurance rates in Minnesota at around $641 annually. USAA, Farm Bureau Mutual, Western National, and The Hartford would also be considered some of the most economical Minnesota car insurance companies.

As shown in the rates above, if you currently buy coverage from The Hartford and switched to USAA, you might achieve savings of approxmiately $141. Insureds with West Bend Mutual could save as much as $149 a year, and Allied customers might realize rate reductions of up to $339 a year.

To find out how much you can save, click here to start a quote or visit any of the companies below.

Understand that those policy rates are averaged across all drivers and vehicles in Minnesota and are not factoring in a specific rate value for a Toyota 4Runner. So the auto insurance company that can offer the best rates for your situation may not even be featured in the rate chart shown above. That point stresses why you need to compare prices as often as possible using your own driver data and vehicle information.

Full coverage rates compared to liability only

Finding cheap insurance for a Toyota 4Runner in Minnesota should be important to the majority of drivers, and one easy way to save on the cost of insurance is to not buy full coverage. The information below shows the difference between insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an additional $1,384 per year more than buying just liability insurance. Lot’s of drivers question if you should buy full coverage. There isn’t a written rule for dropping physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.

There are some cases where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

The information below highlights how deductible choice can raise or lower annual premium costs when getting quotes for cheap insurance for a Toyota 4Runner. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

As shown above, a 30-year-old driver could lower their policy premium by $360 a year by switching from a $100 deductible to a $500 deductible, or save $548 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, can save as much as $772 every year by choosing a larger deductible amount. If you do make the decision to raise your deductibles, it is necessary to have enough in a savings account to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Is Geico, Progressive, Allstate, or State Farm cheaper?

When buying insurance for a 4Runner in Minnesota, the companies with the most market share are Geico, Progressive, Allstate, and State Farm. The next table rates ratings and policy coverage options that may be available in your state.