How Much Does 2004 Toyota RAV4 Insurance Cost?

Looking for the cheapest auto insurance rates for your Toyota RAV4? Are you drained from wondering where the money will come from to insure your Toyota every month? You are no different than millions of other consumers.

Many insurance companies vie for your business, so it’s not easy to compare every insurance company to get the best price available.

It’s a good habit to get comparison quotes quite often due to the fact that insurance rates fluctuate regularly. Despite the fact that you may have had the lowest premium rates on RAV4 insurance last year other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re about to find out how to use the internet to eliminate unnecessary coverages and save money.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these tips. Finding the best rates is not rocket science. But consumers can benefit from knowing the methods companies use to compete online and apply this information to your search.

How to lower your insurance prices

The best way to find cheaper insurance coverage is to take a look at the rating factors that help calculate insurance coverage rates. When you understand what determines base rates, this allows you to make good choices that may reward you with big savings.

The list below includes most of the major factors used by your company to calculate your rate level.

  • Your career may increase insurance coverage rates – Did you know your insurance coverage rates can be affected by your occupation? Jobs such as military personnel, executives and emergency personnel usually pay higher average rates because of high stress and extremely grueling work hours. On the other hand, jobs like actors, engineers and the unemployed get better rates on RAV4 insurance.
  • Insurance is expensive for teenage drivers – Older people are viewed as being more responsible, cause fewer claims and accidents and are safer drivers.Beginning drivers are statistically shown to be inattentive when driving therefore insurance coverage rates are much higher.
  • Multiple policies with one company – The majority of insurance companies provide better rates for people who have multiple policies with them, otherwise known as a multi-policy discount. The discount can be ten or even up to twenty percent in some cases. Even with this discount, it’s in your best interest to get quotes from other companies to help guarantee you have the best rates.
  • Are females or males drivers cheaper? – Statistics demonstrate that females tend to be a little less risky than males. Now that doesn’t mean women are BETTER drivers than men. Both genders tend to get into auto accidents at about the same rate, but males have accidents that have higher claims. Men also tend to receive more major tickets such as DWI and reckless driving. Male drivers age 16 to 19 have the highest risk to insure and therefore are the most expensive to insure.

The most recommended method to compare policy rates is to take advantage of the fact auto insurance companies participate in online systems to give rate comparisons. The only thing you need to do is take a few minutes to give details like if it has an anti-theft system, your job, which vehicles you own, and if a SR-22 is needed. That rating data gets sent immediately to multiple top-rated companies and you should receive rate quotes almost instantly.

To check Toyota RAV4 insurance prices now, click here and enter your zip code.

But they said I’d save $414 a year!

Car insurance companies such as State Farm, Allstate and GEICO continually stream ads on TV and radio. All the companies advertise the message about savings if you just switch to them. How does every company cost less than your current company? It’s all in the wording.

Many companies have specific guidelines for the type of customer that will generate a profit. For instance, a driver they prefer might have to be a married female, has had continuous coverage, and has a high credit rating. Anybody who meets those qualifications is entitled to the best price and will most likely save a lot of money.

Drivers who do not fit these stringent criteria will be charged a higher premium and this can result in business going elsewhere. If you pay close attention to the ads, they say “customers who switch” not “all people who quote” save the amount stated. That is how insurance companies can make those statements.

Because every company is different, it’s extremely important to compare price quotes frequently. It is impossible to guess with any certainty which company will provide the lowest rates.

Save money with these discounts

Insurance is easily one of your largest bills, but you can get discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically at the time of quoting, but some must be specifically requested in order for you to get them.

  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Life Insurance Discount – Larger insurance companies have a discounted insurance rate on car insurance if you buy a life insurance policy as well.
  • Accident Waiver – but companies like Allstate, Progressive, and GEICO will forgive one accident before hitting you with a surcharge if you have no claims for a certain period of time.
  • Drivers Ed for Students – It’s a good idea to have your young drivers enroll and complete driver’s education in high school.
  • Discount for Good Grades – Getting good grades could provide a savings of up to 20% or more. The discount lasts up until you turn 25.
  • Multiple Vehicles – Buying insurance for multiple cars with the same insurance company may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings – Low annual miles can qualify you for lower insurancerates due to less chance of an accident.

Discounts lower rates, but most credits do not apply to all coverage premiums. Most only cut individual premiums such as medical payments or collision. Just because you may think you can get free auto insurance, you aren’t that lucky. But all discounts will lower your policy premium.

The best insurance companies and a summarized list of policyholder discounts are outlined below.

  • Progressive has discounts for continuous coverage, good student, online quote discount, multi-vehicle, and multi-policy.
  • MetLife has savings for accident-free, claim-free, defensive driver, good driver, good student, multi-policy
  • Mercury Insurance discounts include multi-policy, annual mileage, good driver, multi-car, ease of repair, low natural disaster claims, and type of vehicle.
  • Nationwide may have discounts that include good student, Farm Bureau membership, defensive driving, business or organization, and accident-free.
  • GEICO includes discounts for defensive driver, emergency military deployment, daytime running lights, membership and employees, and seat belt use.
  • AAA offers discounts for multi-car, multi-policy, AAA membership discount, pay-in-full, anti-theft, good driver, and education and occupation.

If you want inexpensive insurance coverage quotes, ask every insurance company which discounts can lower your rates. Some discounts listed above might not be offered on policies in your area.

Insurance can be complex

When buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Everyone’s needs are different so this has to be addressed. These are some specific questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Should I rate my 2004 Toyota RAV4 as pleasure use or commute?
  • Does my car insurance cover rental cars?
  • Is my Toyota RAV4 covered if I use it for business?
  • Is my nanny covered when driving my vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • Does my insurance cover my expensive audio equipment?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Auto insurance coverages

Understanding the coverages of a insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are the usual coverages available from insurance companies.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for dental work, rehabilitation expenses, prosthetic devices, hospital visits and nursing services. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision coverage pays for damage to your RAV4 from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like colliding with another moving vehicle, sustaining damage from a pot hole, backing into a parked car and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a bird, damage from getting keyed, hitting a deer, a tree branch falling on your vehicle and fire damage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability auto insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as attorney fees, court costs, structural damage, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is your choice, but consider buying as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Toyota RAV4.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.

Best coverage at the best price

When shopping online for insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced liability coverage limits only to find out that the small savings ended up costing them much more. The proper strategy is to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

In this article, we covered a lot of techniques to lower your 2004 Toyota RAV4 insurance prices. The key concept to understand is the more times you quote, the better your chances of lowering your rates. You may even discover the lowest prices are with a lesser-known regional company. Regional companies may often insure only within specific states and give getter rates than their larger competitors like State Farm and Allstate.

More tips and info about insurance coverage can be read in these articles:

Comments About 2004 Toyota RAV4 Insurance

  1. Sherrell Rowe

    $100 to anyone who understands their policy.

  2. Pat Best

    Cheapest quote for my 2004 Toyota RAV4 was with Farmers.

  3. Tanya Randall

    If you have a good history and live near Juneau, AK, check out State Farm. You might save some money. Was with AIG Insurance. Switched homeowners coverage too. I dropped full coverage awhile back.

  4. Margeret Cain

    I got quite a few price quotes for a 2004 Toyota RAV4 in Allentown, PA. Ended up at right around $100 every six months with Auto-Owners. I don’t insure for physical damage though.

  5. Jeni Macdonald

    If you’re a decent driver and live in the vicinity of Philadelphia, PA, check out Allstate. You might save some money. Insured with Erie before. My new agent seems to be really good.

  6. Carolann Haley

    I live on the west side of New Haven, CT. I quoted with The General, AIG Insurance, Mercury, and a couple others for my RAV4 and cut my rates about $80 a year. I got a quote from their website.

  7. Andrew Pope

    Like your site, BTW. Checking in from Portland, ME. Got quotes from 21st Century, Encompass, and Liberty Mutual for my 2004 Toyota RAV4 and saved $115 a year. Left USAA to switch.

  8. Carmine Hendricks

    I got a good deal I think. From Rutland, Vermont. Quoted prices online for a 2004 Toyota RAV4. Ended up at about $80 savings annually. Went with Allstate. Left USAA to switch. They offer free online rate quotes. I don’t insure for physical damage though.

  9. Evelina Hess

    Not sure what I should be paying. Live in the southern part of San Jose, California. Got car insurance prices from American Family, Sentry, and a few others for my 2004 Toyota RAV4 and saved $101 a year. Was with Liberty Mutual. They have a lot of discounts available. Still almost need a second mortgage.

  10. Tina Foster

    Proud to be from Seattle, Washington. I compared lots of rates. Saved roughly $10 a month. 21st Century was the most affordable for me. Switched homeowners coverage too.

  11. Gregory Slater

    This is too expensive. Went with USAA for my Toyota and saved about $110 a year. Get lots of quotes to find the best rate. Only insure liability on my RAV4.

  12. Thanh Hogan

    Mine is so expensive. Found cheapest coverage with Eastwood for my Toyota and am saving around $100 a year. Insured with The General before. I only have liability coverage on it.