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

The odds of finding the best cheap car insurance for a Toyota 4Runner in Montana is dependent upon a whole bunch of factors like whether you use your 4Runner for business use, your credit status, and if you have tickets or violations. Drivers in Montana pay on average $1,530 each year for 4Runner insurance, but that price is using rate data for a 40-year-old single female driver who requires both comprehensive and collision coverage and $1,000 physical damage deductibles.

There’s a high likelihood you may not be 40 years old (or even female), married instead of single, and you probably do not live in the same zip code as the example. Even a slight change in the factors used in pricing a policy can cause big differences in the coverage rate.

This demonstrates why the most reliable method for finding cheap car insurance rates for your Toyota is to take your time and compare rates from as many companies as possible.

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Your Toyota’s trim level tends to have a direct impact on the insurance rate, so the price you will pay to insure a 4Runner Sport 2WD model will be $226 less expensive the price to insure the more well-appointed 4Runner Limited 4WD model, as demonstrated by the prices below.

Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Montana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in zip code location which can modify premium rates noticeably.

Deciphering which companies have the cheapest car insurance rates for a Toyota 4Runner may require a bit more work in order to find the lowest price. Each auto insurance company uses different criteria to determine rates, so let’s take a look at the most competitive car insurance companies in Montana.

It’s important that readers know that Montana car insurance rates are influenced by many factors which can significantly increase or decrease the price you pay for coverage. Simply having another birthday, buying a home instead of renting, or getting a reckless driving citation can trigger changes in premium that can cause some rates to be more affordable than others.

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Safeco offers some of the lowest car insurance rates in Montana at around $828 annually. Progressive, USAA, State Farm, and MetLife are also some of the most economical Montana insurance companies.

As illustrated above, if you have coverage with State Farm and switched to Progressive, you may see annual savings of upwards of $78. Policyholders with MetLife may save as much as $171 a year, and National Farmers Union insureds might reduce prices by as much as $212 a year.

These estimates are averaged for all types of insureds and vehicles and and are not calculated with a specific rate value for a Toyota 4Runner. So the auto insurance company that is best for you may not even be featured in the rate chart shown above. That helps illustrate why you need to quote rates from many companies using your own specific driver and vehicle information.

Full coverage versus liability only rates

Finding cheap insurance for a Toyota 4Runner in Montana is probably important to most people, and one great way to lower the cost of insurance is to not pay for full coverage. The information below compares insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Montana. The premiums are based on no violations or accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.

If averaged for all ages, comprehensive and collision coverage on your policy costs $2,663 per year more than buying just liability insurance. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no specific rule for excluding physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If premium cost is more than $500 a year to have full coverage, then it could be time to drop full coverage.

Get discount Montana insurance rates

Auto insurance companies that offer cheap insurance for a Toyota 4Runner in Montana may also give you policy discounts that could potentially reduce rates by as much as 35% or more if you are eligible for them. A list of companies and some of their more popular discounts are:

The illustration below illustrates the comparison of auto insurance rates with and without discounts being applied to the rates. The costs are based on a female driver, no violations or accidents, Montana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple vehicle, anti-theft, defensive driving course, accident-free, multiple policy, and passive restraint discounts applied. With discounts applied, the the average yearly reduction on car insurance for a Toyota 4Runner is 33% or $498.

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

When shopping around for insurance for a 4Runner in Montana, four of the best places to start are Allstate, State Farm, Progressive, and Geico. When combined, they make up over 48% of all vehicles in the U.S.. The following table compares and contrasts some of the ratings and options .