Cheaper 1992 Toyota MR2 Insurance Quotes

Want cheaper insurance rates for your Toyota MR2? Nobody that owns a car likes buying insurance, in particular when they could find better rates elsewhere.

You have so many auto insurance companies to purchase coverage from, and though it is a good thing to be able to choose, more options can take longer to find the lowest rates.

You should make it a habit to do price comparisons quite often because prices are usually higher with each renewal. Just because you found the best deal for MR2 insurance a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because it’s time to teach you the fastest way to remove unneeded coverages and save money.

Choosing the best insurance company for you is not that difficult. If you are paying for car insurance now, you will be able to reduce your rates substantially using this strategy. But vehicle owners must know the way insurance companies compete online and take advantage of how the system works.

Car Insurance Discounts

Car insurance companies do not list all possible discounts very well, so the list below gives a summary of a few of the more common as well as some of the hidden savings tricks you should be using when you buy auto insurance online.

  • Passive Restraints – Cars that have air bags may get savings of more than 20%.
  • Sign Online – A few larger online companies will provide an incentive shop auto insurance over the internet.
  • Federal Employees – Active or former government employment may qualify for a discount when you quote auto insurance for MR2 insurance depending on your company.
  • Multi-car Discount – Drivers who insure multiple vehicles on a single policy can get a discount for every vehicle.
  • Homeowners Pay Less – Owning a house can save a few bucks because maintaining a house means you have a higher level of financial diligence.
  • Sign Early and Save – A few larger companies offer discounts for buying a policy early. It can save you around 10%.

Discounts lower rates, but most credits do not apply the the whole policy. A few only apply to specific coverage prices like comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, companies wouldn’t make money that way.

The best car insurance companies and some of their more popular discounts are included below.

  • Travelers offers discounts including save driver, home ownership, early quote, payment discounts, and IntelliDrive.
  • 21st Century has savings for student driver, good student, teen driver, driver training, anti-lock brakes, homeowners, and automatic seat belts.
  • State Farm offers premium reductions for student away at school, defensive driving training, Drive Safe & Save, safe vehicle, passive restraint, driver’s education, and anti-theft.
  • GEICO policyholders can earn discounts including emergency military deployment, federal employee, membership and employees, anti-theft, defensive driver, five-year accident-free, and driver training.
  • SAFECO offers discounts for homeowner, anti-theft, safe driver, bundle discounts, accident prevention training, and multi-car.
  • AAA may include discounts for multi-policy, anti-theft, education and occupation, multi-car, good student, good driver, and pay-in-full.

When quoting, ask every company to apply every possible discount. Some of the earlier mentioned discounts might not be available to policyholders in your state. To see insurers with discount car insurance rates, follow this link.

First Step: Get free insurance quotes

When shopping for insurance there are multiple ways to obtain and compare prices from different insurance companies. The recommended way to find competitive 1992 Toyota MR2 insurance rates is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

  1. If you’re in a hurry, the quickest way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This easy form saves time by eliminating separate forms for each company. Taking the time to complete one form will get you rate comparisons from insurance companies with the best prices.
  2. A more time consuming way to get comparison quotes is spending the time to visit each individual company website and fill out a new quote form. For sake of this example, we’ll assume you need rates from Allstate, Safeco and Farmers. In order to get each rate, you would have to go to every website to enter the same coverage data repeatedly, which explains why we recommend starting with the first method.

    For a list of links to insurance companies in your area, click here.

  3. Even if you have time, the least recommended method to do your price quoting is going to and from local insurance agencies. Buying insurance online eliminates the middleman unless you prefer the trained guidance of a licensed agent. It is possible with some companies find lower rates online and still use a local agent.

It’s your choice how you get your quotes, but ensure you’re using equivalent deductibles and coverage limits for each price quote. If you use different coverage information it’s impossible to get a fair rate comparison. Quoting even small variations in coverages could mean much higher rates. Just remember that getting more free quotes helps improve the odds of finding more affordable insurance. Not every company allows you to get prices over the internet, so you also need to get quotes on coverage from those companies, too.

Learn how to get insurance for less

One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that come into play when calculating the level of your policy premiums. If you have some idea of what determines premiums, this allows you to make educated decisions that can earn you lower insurance prices. Lots of factors are part of the calculation when quoting car insurance. Some factors are common sense like an MVR report, but other criteria are not quite as obvious like your continuous coverage or your financial responsibility.

The itemized list below are a few of the things used by companies to determine your rates.

  • Do you save by driving less? – The more you drive your Toyota annually the more you’ll pay to insure your vehicle. The majority of insurers charge rates based upon how you use the vehicle. Cars that sit idle most of the time receive lower rates than vehicles that are driven to work every day. It’s always a good idea to double check that your declarations sheet reflects the correct usage, because it can save money. An improperly rated MR2 may be costing you higher rates.
  • Lower rates for cars with good safety ratings – Vehicles with high crash test scores get lower rates. Safer cars have better occupant injury protection and lower injury rates translates into savings for insurance companies passed on to you as lower rates. If the Toyota MR2 scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
  • High credit saves on insurance – Credit history is a large factor in your rate calculation. So if your credit is low, you could save money insuring your 1992 Toyota MR2 by repairing your credit. People that have high credit ratings tend to be less risk to insure than those with poor credit scores.
  • Liability is critical – Liability insurance is the coverage that protects you when you are responsible for personal injury or accident damage. Your policy’s liability insurance provides for a legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Rates also based on gender – Statistics have proven women are more cautious behind the wheel. It does not mean men are WORSE drivers than women. Males and females cause fender benders at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Not only that, but men also get ticketed for serious violations like driving under the influence (DUI).
  • Youthful driver insurance rates – Beginning drivers are statistically proven to be more careless when driving with friends so they pay higher insurance rates. Adding a youthful driver to your policy can cause a big jump in price. Older, more experienced drivers tend to be more responsible, cause fewer claims and accidents and are safer drivers.

Tailor your insurance coverage to you

When it comes to buying coverage for your vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might point out whether you might need professional guidance.

  • What is covered by UM/UIM coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Do I need replacement cost coverage on my 1992 Toyota MR2?
  • Does having multiple vehicles earn me a discount?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Does medical payments coverage apply to all occupants?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.

But the ad said I’d save 15% in 15 minutes!

Popular insurance coverage providers such as State Farm, Allstate and GEICO endlessly run television and radio advertisements. They all have a common claim that you can save if you get a free auto insurance quote and switch your insurance coverage coverage to their company. How is it possible that every company can make almost identical claims? Just pay attention to how they say it.

Insurance providers can use profiling for the type of driver that is profitable for them. One example of a desirable risk may need to be over age 30, is a homeowner, and does not commute to work. Any new insured who matches those parameters gets the lowest premium rates and most likely will save when they switch companies.

People who may not quite match these criteria will be charged higher premiums and ends up with the prospect going elsewhere. If you pay attention, the ads say “people who switch” not “everybody who quotes” save the amount stated. This is how insurance companies can confidently state the savings. Each company has different criteria, so drivers should compare as many free auto insurance quotes as you can. It’s impossible to know which company will give you lower rates than your current company.

Auto insurance coverage basics

Learning about specific coverages of your auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are the normal coverages found on the average auto insurance policy.

Medical expense insurance

Med pay and PIP coverage provide coverage for bills for things like prosthetic devices, chiropractic care, funeral costs, X-ray expenses and nursing services. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision)

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hail damage, hitting a deer and rock chips in glass. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for collisions

Collision insurance covers damage to your MR2 caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like crashing into a building, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Auto liability insurance

This coverage provides protection from damage or injury you incur to other people or property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as structural damage, attorney fees, bail bonds, medical services and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and damage to your 1992 Toyota MR2.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Spend less. Save more.

We’ve covered many ideas to reduce 1992 Toyota MR2 insurance car insurance rates online. It’s most important to understand that the more you quote auto insurance, the more likely it is that you will get a better rate. You may be surprised to find that the lowest car insurance rates are with a company that doesn’t do a lot of advertising. Smaller companies may only write in your state and offer lower premium rates compared to the large companies like GEICO and State Farm.

The cheapest 1992 Toyota MR2 insurance is definitely available both online and from local agencies, and you need to comparison shop both to have the best rate selection. Some companies do not offer online quoting and many times these regional carriers only sell coverage through local independent agents.

Additional detailed information can be found in these articles:

Comments About 1992 Toyota MR2 Insurance

  1. Lupe Bowers

    I got a good deal I think. I’m in the north part of Birmingham, AL. Received quotes with 21st Century, GMAC, and Erie for my 1992 Toyota MR2 and I’m now saving $13 a month. I get multi-vehicle and multi-policy discounts. Next renewal I’ll just do liability.

  2. Shelby Nguyen

    This is too expensive. I’m in the east part of Portland, ME. I got free prices from Amica, Mercury, and USAA for my 1992 Toyota MR2 and I think I am saving around $30 each month. Not worth enough to pay for comprehensive and collision.

  3. Darron Myers

    For me, 21st Century was by far the cheapest in Portland, OR.

  4. Guadalupe Ramos

    I live just outside Salem, Oregon. I got free rates from Allstate, Eastwood, and The General for my 1992 Toyota MR2 and I think I saved about $20 each month. Left Sentry to switch. Thankfully I’m not a high risk driver.

  5. Rodger Simpson

    I’m in the west part of Rapid City, South Dakota. Quoted rates from GEICO, Amica, and Encompass for my 1992 Toyota MR2 and am saving around $90 a year. Insured with Progressive before. You can get a rate quote online. I don’t insure for physical damage though.

  6. Matha Gonzales

    I was with Liberty Mutual last year but switched to Allstate. Live in the northern part of Allentown, Pennsylvania. I get multi-vehicle and multi-policy discounts. I recommend comparing lots of rates. It’s only liability tho.

  7. Kelle Henderson

    I’ve had State Farm for years. I’m in Aurora, CO.

  8. Sheryll Molina

    I’ve had Progressive for years. I’m in Jersey City, NJ.

  9. Noella Kelley

    Do I have to have car insurance in New Mexico?

  10. Joesph Merritt

    Does Progressive have low rates for teen drivers?

  11. Marquita Holman

    Hope my rates come down. I live just to the east of Portland, ME. Quoted a bunch of companies. Saved darn near $20 a month. GEICO was the most affordable for me. I get multi-vehicle and multi-policy discounts. They were helpful in switching over.