1991 Toyota MR2 Insurance Rates

Trying to find the cheapest auto insurance rates for your Toyota MR2? Sick and tired of paying out the nose each month for auto insurance? You are no different than most other consumers.

Multiple auto insurance companies compete for your insurance dollar, so it’s not easy to compare every insurance company to find the absolute best price available.

You need to check auto insurance prices at least once a year because auto insurance rates are constantly changing. Even if you think you had the best deal on MR2 insurance a few years ago a different company probably has better prices today. Ignore everything you know about auto insurance because you’re about to find out one of the best ways to find better coverage at a better price.

The fastest way that we advise to compare insurance rates from multiple companies takes advantage of the fact car insurance companies actually pay money for the chance to compare rate quotes. The only thing you need to do is provide details such as daily mileage, if the vehicle is leased, types of safety features, and if you went to college. Your information is submitted instantly to many of the top insurers and they return quotes instantly to find the best rate.

Do you qualify for discounts?

Insurance coverage is not cheap nor is it fun to buy but you may find discounts that can drop the cost substantially. A few discounts will automatically apply when you get a quote, but some must be specially asked for before you will receive the discount. If you don’t get every credit available, you are not getting the best rate possible.

  • Good Drivers – Insureds without accidents may receive a discount up to 45% on MR2 insurance than less cautious drivers.
  • Government Employees – Having worked for a branch of the government could qualify for a slight premium decrease on MR2 insurance with certain companies.
  • Passive Restraints and Air Bags – Factory options such as air bags and/or automatic seat belt systems can qualify for discounts as much as 30%.
  • Good Students Pay Less – Performing well in school may save you up to 25%. Most companies allow this discount up until you turn 25.
  • Bundled Policy Discount – If you insure your home and vehicles and insure them with the same company you may save 10% to 20% off each policy.
  • 55 and Retired – If you qualify as a senior citizen, you can get a slight reduction on a car insurance quote on MR2 insurance.
  • Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts can save a little on the premium charged for medical payments and/or PIP.
  • Low Miles Discount – Maintaining low annual mileage can earn lower prices due to less chance of an accident.
  • Early Signing – Some insurance companies reward drivers for buying a new policy prior to your current policy expiring. You can save around 10% with this discount.
  • E-sign Discounts</strong – Many companies give back up to $50 shop car insurance on the web.

A quick disclaimer, some of the credits will not apply the the whole policy. Some only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like it’s possible to get free car insurance, it’s just not the way it works.

For a list of insurers who offer insurance coverage discounts, click this link.

Don’t assume everyone needs the same car insurance coverage

When it comes to buying proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions could help you determine whether you would benefit from an agent’s advice.

  • Why am I required to buy high-risk coverage?
  • Am I missing any policy discounts?
  • I don’t drive much so do I pay less?
  • Am I covered if I break a side mirror?
  • Can I afford to buy a different vehicle if my 1991 Toyota MR2 is totaled?
  • Are all vehicle passengers covered by medical payments coverage?
  • Are rental cars covered under my policy?
  • Will filing a claim cost me more?
  • If my pet gets injured in an accident are they covered?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average insurance policy.

Collision coverage – This covers damage to your MR2 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like hitting a parking meter, scraping a guard rail, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like prosthetic devices, ambulance fees, rehabilitation expenses and EMT expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Auto liability – Liability insurance can cover damage or injury you incur to a person or their property. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as loss of income, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.

UM/UIM Coverage – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Toyota MR2.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive or Other Than Collision – This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as falling objects, theft, damage from getting keyed, hail damage and vandalism. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Comments About 1991 Toyota MR2 Insurance

  1. Hortense Stephenson

    From Davenport, IA. Compared quite a few companies. Saved roughly $20 a month. Progressive was the best choice for me. Have an at-fault accident tho.

  2. Dawn Herrera

    I live on the east side of Bismarck, ND. Quoted with State Farm, Auto-Owners, Eastwood, and Hanover for my MR2 and cut my rates about $80 a year. Insured with American Family before. When should I drop full coverage?

  3. Wan Compton

    I live just outside Idaho Falls, ID. Got quotes from Mercury, Esurance, State Farm, and AIG Insurance for my MR2 and am saving around $90 a year. Was with Western Auto Insurance. Switched homeowners coverage too. I quoted rates online then called them. When should I drop full coverage?

  4. Davida Molina

    All companies are crooks. I’m in the east part of Paterson, NJ. Quoted quotes from Liberty Mutual, American Family, MetLife, and a couple others for my MR2 and saved about $90 a year. Insured with Auto-Owners before. Not sure if rates are cheaper online or through an agent.

  5. Shanita Downs

    Hope my rates come down. From a town just southwest of Grand Forks, ND. Quoted with State Farm, Erie, and The General for my Toyota and saved just over $80 a year. Got better coverage too. It never hurts to quote around.

  6. Abigail Holcomb

    Enjoyed the article. From northwest of Albuquerque, NM. I quoted with Allstate, Hartford, and Eastwood for my 1991 Toyota MR2 and cut my rates about $100 a year. Was with Hartford. Just liability coverage since it’s getting old.

  7. Hattie Riddle

    I’m from Colorado Springs, CO. Got car insurance prices from Hartford, American Family, MetLife, and a couple others for my 1991 Toyota MR2 and saved $72 a year. Switched homeowners coverage too.

  8. Randa Mayer

    I found pretty cheap rate quotes for a 1991 Toyota MR2 in Fairbanks, Alaska. Ended up at roughly $90 every six months with AIG Insurance. Teenage drivers are expensive! I recommend comparing lots of rates.

  9. Shanita Byrd

    Just my two cents. I’m in the west part of Huntington, WV. Got car insurance prices from Auto-Owners, Esurance, and Nationwide for my Toyota and saved around $110 a year. Have a couple speeding tickets too. Not sure if rates are cheaper online or not. Anyone else drop full coverage?