Buying the cheapest auto insurance for a Toyota RAV4 doesn’t take a ton of time, but it hinges on many rating factors such as annual miles driven, if you are a frequent claim filer, and the level of deductible you choose. Oklahoma drivers will pay around $1,174 each year to insure their RAV4, but that price is an approximation based on a 40-year-old married female driver with both comprehensive and collision coverage and $500 deductibles.
If we were betting, you are not 40 and maybe not even a female, maybe you are single instead of married, or maybe you prefer higher deductibles. There is no one cookie-cutter policy that works for everyone, so the best way to find affordable rates for your Toyota is to do a thorough rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$242||$462||$470||$28||$140||$1,342||$112|
|RAV4 Limited 2WD||$242||$462||$470||$28||$140||$1,342||$112|
|RAV4 Limited 4WD||$242||$462||$470||$28||$140||$1,342||$112|
|RAV4 Limited 4WD||$242||$462||$470||$28||$140||$1,342||$112|
|RAV4 Sport 4WD||$242||$462||$470||$28||$140||$1,342||$112|
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in specific Oklahoma City garaging location which can change auto insurance rates considerably.
Establishing which company offers the most affordable auto insurance rates for a Toyota RAV4 will involve a tad more effort in order to find the most economical policy. Every insurance company has a different formula to set policy rates, so let’s take a look at the auto insurance companies that tend to be cheaper in Oklahoma.
It’s a good idea to be aware that Oklahoma City, OK auto insurance rates are impacted by many things which can substantially change the cost of coverage. Simply getting older, buying another vehicle, or getting a couple of tickets may prompt premium changes that can now make some companies cheaper than competitors.
Best Car Insurance Prices for Your Toyota
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,154|
|11||OK Farm Bureau||$1,997|
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Oklahoma Farmers Union has some of the cheapest car insurance rates in Oklahoma City at around $1,154 per year. USAA, The Hartford, GEICO, and Farmers would also be considered some of the more affordable Oklahoma City, OK auto insurance companies.
As the rates illustrate above, if you have coverage with GEICO and switched to USAA, you could realize a yearly savings of about $179. Oklahoma drivers with Farmers may save as much as $233 a year, and Safe Auto customers might realize rate reductions of up to $258 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or quote prices from the following companies.
Bear in mind that those policy rates are averaged for all drivers and vehicles and do not take into consideration an exact vehicle garaging location for a Toyota RAV4. So the company that has the lowest price for you may not even be in the top 17 companies in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Careless driving habits raise auto insurance rates
The easiest method to maintain good auto insurance rates for a RAV4 is to drive carefully and not have accidents or get tickets. The chart below illustrates how violations and accident claims increase auto insurance costs for each different age category. The premiums assume a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of a car insurance policy in Oklahoma per year with no violations or accidents is $2,882. Receive two speeding tickets and the average cost surges to $3,883, an increase of $1,001 each year. Then throw in two accidents along with the two speeding tickets and the yearly cost of auto insurance for a Toyota RAV4 increases to an average of $7,428. That’s an increase of $4,546, or $379 per month, just for a couple of infractions!
The illustration below illustrates how your choice of deductibles can affect yearly insurance costs when researching cheap insurance for a Toyota RAV4. The data is based on a single female driver, comp and collision included, and no discounts are factored in.
In the chart above, a 50-year-old driver could lower their car insurance rates by $426 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $644 by using a $1,000 deductible. Youthful drivers, like the Age 20 category, can save as much as $1,082 each year by choosing larger deductibles on their policy.
If you do make the decision to raise your deductibles, it will now be necessary to have enough in a savings account to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
How to find budget-friendly insurance for a Toyota RAV4
Here are some of the recommended money-saving solutions that can help Oklahoma drivers buy cheaper coverage.
- Buy vehicles with good safety ratings
- Buy your homeowners policy from the same company as your auto insurance
- Avoid having at-fault accidents
- Assess whether full coverage is needed
- Maintaining good credit helps earn cheaper rates
- Compare rates often to find the best deal
The final tip is highly critical, as was noted in this article. Car insurance rates vary greatly, so don’t be hesitant to change to a new company if a more affordable rate is found.
We understand brand loyalty, but it isn’t a good idea if that inflexibility results in costing you a lot of money every month. Now is a great time to compare prices and find cheaper auto insurance for a Toyota RAV4 in Oklahoma City.
If you would rather get help from a professional when shopping for the best coverage for a Toyota RAV4, the agents below can aid you in deciding which auto insurance policy would work best for you.
To locate an agency close to you, click the button link following the list.
Insurance Center Agency Inc
Union Plaza, 5600 N May Ave #300 – Oklahoma City, OK 73112 – (405) 843-0793
State Auto Insurance
4030 NW 10th St – Oklahoma City, OK 73107 – (405) 943-5575
Oklahoma Insurance Center Inc
538 E Memorial Rd – Oklahoma City, OK 73114 – (405) 608-4422
Charles Reagan – State Farm Insurance Agent
5001 N Pennsylvania Ave #305 – Oklahoma City, OK 73112 – (405) 840-3731