Who Has the Cheapest Insurance Quotes for a Toyota 4Runner in Ohio?

The odds of finding cheaper insurance for a Toyota 4Runner in Ohio relies on a large number of rating criteria such as the mileage of your daily commute, where you live, and if you had any at-fault accidents in the last few years. Ohio drivers will pay on average $610 every 12 months to buy Toyota 4Runner insurance, but that price is using rate data for a 50-year-old single male who requires full comprehensive and collision coverage and $500 deductibles.

But there is a high probability that you may not be 50 years old (or even male), maybe you are married instead of single, or maybe you prefer to not insure for full coverage. What seems to be a minor change in rating variables or coverage information can make a huge difference in the policy rate.

Auto insurance is not the same for everyone, so your best chance at finding cheap auto insurance rates for your Toyota is to just take the time to compare rates yourself. Comparing quotes is easy and you can get rates from some of the best companies in Ohio.

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The trim level of your 4Runner will be a contributing factor to the cost of insurance, so the price you will pay to insure a 4Runner Sport 2WD model will be $104 less expensive the price to insure the more well-appointed 4Runner Limited 4WD version, as shown in the chart below.

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Table data does not factor in specific Ohio garaging location which can raise or lower coverage prices significantly.

Deciding which companies quote the most affordable auto insurance rates for a Toyota 4Runner may require a little more sweat than just comparing rates from one or two companies. Every insurance company has their own formula for establishing rates, so let’s rank the auto insurance companies with the overall cheapest rates in Ohio.

Keep in mind that Ohio auto insurance rates are impacted by many things that control the cost of having a policy. Simply having a birthday, filing a claim, or having a fender bender may generate price changes that can cause some rates to be cheaper in comparison to the competition.

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Utica National may have some of the best car insurance rates in Ohio at around $628 each year. Erie, Frankenmuth, Allied, and Travelers also make the cut as some of the cheaper Ohio insurance companies.

As depicted above, if you are a policyholder with Frankenmuth and switched to Utica National, you might see an annual savings of in the vicinity of $59. Drivers with Allied may save as much as $62 a year, and Travelers insureds might reduce prices by as much as $77 a year.

If you want to find out if you’re overpaying, click here to begin a quote or quote prices from the following companies.

Be aware that those policy prices are averaged across all types of insureds and vehicles and do not factor in a specific rating modification for a Toyota 4Runner. So the insurer that has the cheapest price for you may not even be included in the above list. That is why you need to quote rates from as many companies as possible using your own individual information.

Rate difference between full and liability-only coverage

Finding the cheapest insurance for a Toyota 4Runner in Ohio is important to most people, and an easy way to reduce the cost of insurance is to only buy liability insurance. The illustration below compares annual premium costs with full phyical damage coverage and with liability coverage only. The data assumes no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

If we average all the age groups together, comp and collision coverage costs an additional $1,487 per year more than buying just liability insurance. Many drivers will wonder when is the right time to remove full coverage. There is no clear-cut rule for eliminating comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

There are some cases where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, 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 totaled, you should keep full coverage.

How accidents and tickets impact rates

In a perfect world, the ideal way to find affordable auto insurance prices in Ohio for a 4Runner is to be an attentive driver and not have accidents or get tickets. The information below demonstrates how citations and at-fault fender-benders can drive up insurance costs for each age group. The information is based on a single male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

In the previous example, the average cost of a car insurance policy in Ohio per year with a clean driving record and no accidents is $1,353. Receive two speeding tickets and the average cost swells to $1,795, an increase of $443 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Toyota 4Runner jumps again to an average of $2,230. That’s an increase of $878, or $73 per month, just for not maintaining a clean driving record!