2014 Toyota RAV4 EV Insurance Cost

Want lower insurance rates for your Toyota RAV4 EV? Trying to find low-cost insurance for your Toyota RAV4 EV can normally be difficult, but you can learn the following methods to save time. There are both good and bad ways to compare insurance rates and you need to know the proper way to compare rates on a Toyota and find the cheapest rates either online or from local insurance agents.

If you are insured now or are shopping for new coverage, you can follow these tips to find better prices and possibly find even better coverage. Buying affordable coverage can be fairly easy. Drivers only need an understanding of the best way to buy auto insurance online.

The fastest way that we advise to compare car insurance company rates is to know the fact most insurance companies participate in a system to compare their rates. To start a quote, the only thing you need to do is provide a small amount of information such as how old drivers are, whether or not you need a SR-22, the make and model of your vehicles, and if your license is active. Your insurance information is submitted instantly to multiple top-rated companies and they provide comparison quotes with very little delay.

Do you qualify for discounts?

Companies that sell car insurance don’t always publicize every policy discount very clearly, so the list below contains a few of the more common in addition to some of the lesser obvious savings tricks you should be using when you buy auto insurance online.

  • No Claim Discounts – Claim-free drivers pay less in comparison with insureds who have frequent claims or accidents.
  • Good Students Pay Less – Being a good student can earn a discount of 20% or more. Most companies allow this discount up to age 25.
  • ABS Braking Discount – Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents so companies give up to a 10% discount.
  • New Car Discount – Buying a new car model can save up to 30% because newer vehicles are generally safer.
  • Discounts for Cautious Drivers – Safe drivers may save up to 50% more on RAV4 EV coverage as compared to drivers with claims.
  • Passive Restraints – Factory options such as air bags may qualify for discounts as much as 30%.
  • Defensive Driver – Taking part in a defensive driver course could save 5% or more and easily recoup the cost of the course.
  • Professional Memberships – Joining specific professional or occupational memberships or organizations could trigger savings on car insurance.

Don’t be surprised that many deductions do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Despite the appearance that all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

To see providers with significant discounts, click this link.

Don’t assume everyone needs the same auto insurance coverage

When it comes to choosing adequate coverage, there really is no perfect coverage plan. Everyone’s needs are different.

For instance, these questions might point out if you may require specific advice.

  • Should I carry comprehensive and collision coverage?
  • Does car insurance cover theft of personal property?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How much liability do I need to cover my assets?
  • Why am I required to buy high-risk coverage?
  • Should I buy more coverage than the required minimum liability coverage?
  • Can I rate high risk drivers on liability-only vehicles?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form. It is quick, free and can provide invaluable advice.

Insurance cost influencing factors

Many different elements are used when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other factors are more transparent such as your marital status or your commute time.

  • Too many insurance claims drive up prices – If you file a lot of claims you can expect either policy cancellation or increased premiums. Car insurance companies award cheaper rates to insureds who are claim-free. Your insurance policy is intended for more catestrophic claims.
  • Avoid tickets and save – Even one moving violation may increase your cost to the point where it’s not affordable. Attentive drivers get better prices as compared to careless drivers. People who have license-revoking citations such as reckless driving, hit and run or driving under the influence may find that they have to to submit a SR-22 form with the DMV in their state in order to keep their license.
  • Liability limits are a factor – A critical coverage on your policy, liability insurance will afford coverage if ever a court rules you are at fault for causing personal injury or damage in an accident. Liability provides legal defense up to the limits shown on your policy. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Extra coverages are wasting money – There are many optional add-on coverages that can waste your money if you aren’t careful. Insurance for rental car reimbursement, death and dismemberment, and term life insurance could be just wasting money. These coverages may sound good when buying your policy, but if you have no use for them think about removing them and cutting costs.
  • Is your vehicle theft-ready? – Driving a car with a theft deterrent system can help lower your rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • Multiple policies with one company – Lots of companies apply discounts to buyers who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, consumers should still comparison shop to help ensure you have the lowest rates.
  • Decrease prices by maintaining coverage – Having a gap between insurance policy dates is a quick way to increase your rates. Not only will you pay higher rates, not being able to provide proof of insurance can result in a revoked license or a big fine. You may then have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Do you know you’re credit history? – Having a bad credit score is a big factor in determining your rates. If your credit score can be improved, you may save money insuring your 2014 Toyota RAV4 EV by taking the time to improve your credit score. Insureds with excellent credit tend to be better drivers and file fewer claims than those with lower credit ratings.

Tricks in insurance coverage advertising

Drivers can’t get away from all the ads for cheaper insurance coverage from the likes of 21st Century, Allstate and State Farm. They all seem to make an identical promise that you’ll save big if you move your insurance coverage coverage to their company.

That’s great but how can every company give you a better price? It’s all in the numbers.

Insurance coverage companies look for specific characteristics for the type of customer that makes them money. An example of this type of insured may be married and over the age of 30, is a homeowner, and chooses high deductibles. Anybody that meets those criteria will get low premium rates and will most likely cut their rates if they switch.

Insureds who cannot meet those standards will see more expensive rates which usually ends up with the customer buying from a different company. If you pay attention, the ads say “people who switch” not “all people who quote” can get the lowest rates when switching. That’s the way companies can truthfully make the claims of big savings. Because of the profiling, drivers must compare rate quotes every year. It is impossible to guess which company will have the lowest rates.

Insurance policy coverages for a Toyota RAV4 EV

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive protection

This coverage pays to fix your vehicle from 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 protects against claims like fire damage, falling objects, rock chips in glass, theft and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage

This pays for damage to your RAV4 EV from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sustaining damage from a pot hole, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as prosthetic devices, chiropractic care, EMT expenses and rehabilitation expenses. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for liability

This will cover injuries or damage you cause to people or other property. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like loss of income, court costs, medical expenses and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Be a penny pincher

When you buy auto insurance online, it’s a bad idea to reduce coverage to reduce premium. In too many instances, an insured dropped physical damage coverage only to discover later that the few dollars in savings costed them thousands. The goal is to find the BEST coverage at the best price and still be able to protect your assets.

Throughout this article, we presented many ways to shop for 2014 Toyota RAV4 EV insurance online. The key concept to understand is the more you quote auto insurance, the better your chances of lowering your premium rates. You may even find the biggest savings come from some of the smallest insurance companies.

Drivers who switch companies do it for many reasons like high prices, not issuing a premium refund, being labeled a high risk driver and even delays in paying claims. Regardless of your reason for switching companies, finding a new company is easier than you think.

Additional detailed information can be read at these sites:

Comments About 2014 Toyota RAV4 EV Insurance

  1. Sharen Todd

    In Norman, OK, Allstate auto insurance rates for my 2014 Toyota RAV4 EV were good. Hopefully won’t need it.

  2. Alfred Quinn

    Located in Montgomery, AL and for me State Farm had the lowest quote. Left Sentry to switch. I have a teen driver too. Just waiting to see how claims go.

  3. Mack Cortez

    All insurance companies are crooks.

  4. Celsa Barry

    Does Progressive insure teenage drivers?

  5. Joann Sims

    Does GEICO offer good discounts?

  6. Iris Castillo

    I think I’m paying too much. Got a quote with State Farm for my RAV4 EV and saved around $550 a year. Was with Hanover. Even increased coverage a bit. It’s easy to compare rates online now.

  7. Mamie Buckley

    Cheap is not always the best policy. I live in a small town just outside of Green Bay, WI. Quoted with Travelers, Amica, The General, and Nationwide for my RAV4 EV and I think I saved about $40 each month. Still almost need a second mortgage.

  8. Deloise Harrison

    21st Century is decent in Mesa, AZ.

  9. Tena Lane

    Live in the northern part of Detroit, MI. Received quotes with Hanover, Amica, Sentry, and a couple others for my RAV4 EV and I’m now saving $24 a month. BTW speeding tickets are not good.

  10. Tressa Osborn

    Anyone know of any company in Columbus, OH that will insure high risk drivers?