How Much Does 2007 Toyota RAV4 Insurance Cost?

Are you baffled by the wide range of insurance companies? Vehicle owners have so many companies available that it is a difficult situation to find a more affordable company.

Learn how to get auto insurance at a discount

Part of the auto insurance buying process is learning the factors that are used to determine the rates you pay for auto insurance. When you know what positively or negatively positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with cheaper rates. Lots of things are used when pricing auto insurance. Some are obvious such as your driving history, but other factors are less apparent such as whether you are married or how financially stable you are.

• Policy claims cost money – If you are the type of insured that files lots of claims you can definitely plan on either policy cancellation or increased premiums. Car insurance companies give the best rates to people who only file infrequent claims. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
• Having a spouse pays dividends – Having a significant other may save some money compared to being single. It may mean you are more mature and responsible and insurance companies reward insureds because drivers who are married file infrequent claims.
• Traffic violations hurt – Being a careful driver influences premium rates substantially. Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Having just one speeding ticket or other violation could increase your next policy renewal substantially. People who have flagrant violations like DUI or reckless driving may find that they have to to complete a SR-22 with their state’s department of motor vehicles in order to drive a vehicle legally.
• Always keep your auto insurance in place – Letting your insurance expire is a sure-fire way to trigger a rate increase. Not only will you pay more, getting caught without coverage will get you fines and jail time.
• See if your company offers a multi-policy discount – The majority of companies provide discounts to policyholders that have more than one policy in the form of a multi-policy discount. Even if you already get this discount, consumers should still get quotes from other companies to guarantee you are still saving the most.
• Don’t buy extra coverages you don’t use – Insurance policies have a lot of additional coverages that you can get tricked into buying on your 2007 RAV4 policy. Coverages for rental car coverage, towing coverage, and membership fees are some examples. You may think they are a good idea initially, but your needs may have changed so think about removing them and cutting costs.
• Lower premiums for safer cars – Vehicles with high crash test scores are cheaper to insure. Safer cars reduce the chance of injuries and fewer injuries means less money paid by your insurance company and lower rates for you. If your Toyota has at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

Lower rates by qualifying for discounts

Some companies do not list all possible discounts very clearly, so we break down both the well known and the more hidden ways to save on auto insurance.

• Anti-lock Brake System – Cars with ABS braking systems or traction control prevent accidents and earn discounts up to 10%.
• Drive Less and Save – Low annual miles could earn cheaper premium rates.
• Claim Free – Drivers who stay claim-free pay much less in comparison with drivers who are more careless.
• Waiver for an Accident – This one is not really a discount per se, but some insurance companies will allow you to have one accident without the usual rate increase if your claims history is clear for a set time period.
• Home Ownership Discount – Just owning your own home can help you save on auto insurance since home ownership requires a higher level of personal finance.
• Buy New and Save – Buying a new car instead of a used car can be considerably cheaper compared to insuring an older model.
• Early Renewal Discounts – Some companies provide a discount for signing up before your current policy expires. Ten percent is about the average savings.
• Auto/Life Discount – Select auto insurance companies reward you with a lower premium rate if you buy some life insurance in addition to your auto policy.
• Discounts for Good Drivers – Drivers without accidents could pay up to 40% less on RAV4 coverage than drivers with accident claims.
• Organization Discounts – Joining a qualifying organization could earn you a nice discount on your bill.

It’s important to note that most discount credits are not given to the overall cost of the policy. The majority will only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, it just doesn’t work that way. Any amount of discount will bring down the premium cost.

A few of the larger companies and a selection of discounts are shown below.

• Geico may have discounts that include multi-vehicle, air bags, multi-policy, emergency military deployment, five-year accident-free, and anti-lock brakes.
• Travelers includes discounts for payment discounts, hybrid/electric vehicle, new car, early quote, and continuous insurance.
• Nationwide may offer discounts for accident-free, Farm Bureau membership, multi-policy, anti-theft, family plan, good student, and easy pay.
• Farmers Insurance policyholders can earn discounts including teen driver, electronic funds transfer, homeowner, switch companies, and good student.
• Esurance discounts include claim free, anti-theft, online shopper, paid-in-full, Switch & Save, and good student.
• State Farm offers premium reductions for safe vehicle, accident-free, passive restraint, good driver, and Drive Safe & Save.
• Progressive may include discounts for multi-policy, good student, homeowner, continuous coverage, online signing, and multi-vehicle.
• Mercury Insurance offers discounts including age of vehicle, accident-free, location of vehicle, low natural disaster claims, type of vehicle, ease of repair, and good driver.

It’s a good idea to ask every insurance company which credits you are entitled to. A few discounts may not be available in every state. To see providers who offer auto insurance discounts, click here.

Auto insurance is unique, just like you

When it comes to buying coverage for your vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions could help you determine if your insurance needs could use an agent’s help.

• Can I afford to buy a different vehicle if my 2007 Toyota RAV4 is totaled?
• Am I covered if I drive in a foreign country?
• Am I covered when pulling a rental trailer?
• How high should deductibles be on a 2007 Toyota RAV4?
• If I drive on a suspended license am I covered?
• Does medical payments coverage apply to all occupants?
• Should I have a commercial auto policy?
• Is rental equipment covered for theft or damage?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Auto insurance 101

Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be confusing and reading a policy is terribly boring.

Coverage for collisions

Collision coverage covers damage to your RAV4 resulting from a collision 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 coverage pays for things such as colliding with another moving vehicle, colliding with a tree, hitting a mailbox, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as pain medications, chiropractic care and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Auto liability

Liability insurance will cover damage that occurs to a person or their property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like medical expenses, legal defense fees, bail bonds, repair bills for other people’s vehicles and attorney fees. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your 2007 Toyota RAV4.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverage (or Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as theft, hitting a bird, damage from a tornado or hurricane, rock chips in glass and a broken windshield. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Shop around and save

As you shop your coverage around, never reduce coverage to reduce premium. There are many occasions where an insured cut physical damage coverage only to find out that it was a big error on their part. Your goal is to purchase a proper amount of coverage at the best price, but do not sacrifice coverage to save money.

Throughout this article, we presented many ideas to shop for 2007 Toyota RAV4 insurance online. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your prices. Consumers could even find that the lowest premium rates are with a lesser-known regional company.

People switch companies for many reasons like being labeled a high risk driver, denial of a claim, an unsatisfactory settlement offer or even lack of trust in their agent. Regardless of your reason, finding a new insurance company can be less work than you think.

More information

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• Auto Theft Statistics (Insurance Information Insitute)
• State Car Insurance Guides (Geico)