How Much Does 2001 Toyota RAV4 Insurance Cost?

Trying to come up with a payment for high-priced car insurance can draw down your personal savings and maybe even restrict other spending. Doing a rate analysis can save money and help to make ends meet.

Vehicle owners have multiple insurance companies to pick from, and although it’s a good thing to have a choice, too many choices makes it more difficult to compare rates.

The best way we recommend to compare policy rates is to know the fact most insurance companies participate in a system to give free rates quotes. All you need to do is give the companies some data such as if it has an anti-theft system, an estimate of your credit level, how you use your vehicles, and if a SR-22 is needed. The rating information is submitted instantly to insurance companies and they return quotes quickly.

Take advantage of every auto insurance discount

Auto insurance companies do not advertise their entire list of discounts in an easy-to-find place, so the following list contains both the well known and also the lesser-known credits available to you.

  • Lower Rates for Military – Being on active deployment in the military could qualify you for better rates.
  • Distant College Student Discount – Older children who are enrolled in higher education away from home and do not have access to a covered vehicle can receive lower rates.
  • Drive Less and Save – Driving less can qualify you for discounted auto insurancerates on garaged vehicles.
  • Theft Deterent – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and that can save you a little bit as well.
  • Professional Organizations – Affiliation with certain professional organizations is a good way to get lower rates on your policy.
  • Early Signing – A few larger companies give discounts for signing up before your current coverage expires. You can save around 10% with this discount.
  • Student Driver Training – Teen drivers should participate in a local driver’s education class as it can save substantially.

As a sidenote, some credits don’t apply to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, companies don’t profit that way. But all discounts will positively reduce your auto insurance premiums.

Companies that possibly offer these discounts include:

When comparing rates, check with all companies you are considering which discounts can lower your rates. A few discounts may not apply to policyholders in your area. To choose insurers who offer cheap auto insurance quotes, click this link.

How to know if you need help

When buying coverage for your vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions might point out if you may require specific advice.

  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Where can I get insurance after a DUI in my state?
  • What companies insure drivers after a DUI or DWI?
  • At what point should I drop full coverage?
  • What exactly is covered by my policy?
  • Do I benefit by insuring my home with the same company?
  • Do I pay less for low miles?
  • Does coverage extend to Mexico or Canada?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverages 101

Understanding the coverages of a auto insurance policy helps when choosing the right coverages for your vehicles. Auto insurance terms can be confusing and reading a policy is terribly boring. These are typical coverages found on most auto insurance policies.

Collision protection

Collision insurance will pay to fix damage to your RAV4 resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with another moving vehicle, backing into a parked car, colliding with a tree and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as falling objects, hitting a deer and vandalism. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for X-ray expenses, dental work, nursing services, chiropractic care and funeral costs. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Coverage for liability

This can cover damage that occurs to people or other property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims like medical expenses, emergency aid and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your Toyota RAV4.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.