Best Insurance for a Toyota Land Cruiser in Oklahoma City

It’s safe to assume that insurance companies don’t want you to compare rates. Drivers who shop around for the cheapest rate will most likely switch to a new company because of the good chance of finding a more affordable policy premium. A recent auto insurance study revealed that consumers who routinely shopped around saved an average of $850 each year as compared to drivers who never shopped for cheaper rates.

If finding budget-friendly rates on Toyota Land Cruiser insurance is the reason for your visit, then having a grasp of how to find companies and compare insurance rates can make it easier to shop your coverage around.

Really, the only way to get the cheapest car insurance rates is to start comparing prices yearly from insurers who sell insurance in Oklahoma City. You can shop around by following these guidelines.

• Step 1: Gain an understanding of policy coverages and the measures you can control to prevent expensive coverage. Many rating criteria that increase rates like at-fault accidents, speeding tickets, and a negative credit history can be remedied by being financially responsible and driving safely. Read the full article for information to help prevent high rates and find overlooked discounts.
• Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO and State Farm, while independent agents can quote prices from many different companies.
• Step 3: Compare the new quotes to the price on your current policy and determine if cheaper Land Cruiser coverage is available in Oklahoma City. If you find a lower rate and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Give proper notification to your current agent or company to cancel your current car insurance policy and submit payment along with a signed and completed policy application to your new carrier. Immediately put the new proof of insurance paperwork with the vehicle registration.

One thing to remember is that you’ll want to compare identical coverages on every price quote and to quote with as many companies as you can. This enables an accurate price comparison and plenty of rates choose from.

Buying the cheapest auto insurance in Oklahoma City is quite easy. If you’re already insured, you will surely be able to cut your premiums using the ideas covered in this article. Vehicle owners just need to know the most efficient way to compare insurance rates using one simple form.

Buy More Affordable Car Insurance with These Tips

Many factors are part of the calculation when you get a price on insurance. Some factors are common sense such as your driving history, but some are less obvious such as whether you are married or how safe your car is. One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that play a part in calculating your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this helps enable you to make changes that can help you get big savings.

• Raising coverage deductibles saves money – Insurance for physical damage to your car, also called ‘full coverage’, protects your Toyota from damage. A few examples of covered claims are a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. Your deductibles define how much you are willing to pay before a claim is paid by your company. The more expense you choose to pay out-of-pocket, the less money you will pay for car insurance.
• Occupation and insurance premiums – Do you have a high-stress occupation? Occupations such as real estate brokers, executives, and dentists have the highest rates due to high stress and long work hours. Conversely, occupations like farmers, athletes and retirees get better rates.

• Obey driving laws and save – Only having one driving citation can bump up the cost forty percent or more. Good drivers have lower premiums than people who have multiple driving citations. Drivers who have careless tickets like DUI or reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with their state in order to prevent a license revocation.

  The information below illustrates how traffic citations and at-fault collisions can drive up Toyota Land Cruiser car insurance costs for different categories of driver ages. The premiums are based on a married female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

• Save miles and save money – Driving a lot of miles every year the higher your rate. Most insurance companies calculate prices based upon how you use the vehicle. Cars that do not get driven very much receive better premium rates as compared to vehicles used primarily for driving to work. Double check that your car insurance coverage reflects the proper vehicle usage. A policy that improperly rates your Land Cruiser can cost quite a bit.
• Maintain car insurance coverage – Having an insurance coverage lapse can be a quick way to increase your rates. In addition to paying higher rates, failure to provide proof of insurance can result in fines or a revoked license. You may need to submit proof of financial responsibility or a SR-22 with the Oklahoma department of motor vehicles.
• More policies can equal more savings – Some car insurance companies afford lower prices to buyers that buy multiple policies in the form of a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you qualify for this discount already, it’s still a good idea to shop around to confirm you are receiving the best rates possible. You may still be able to save money even if you insure with multiple companies

• Toyota Land Cruiser insurance claim data – Insurers analyze past claim statistics to help determine costs. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will have a higher premium rate. The information below illustrates the historical loss data for Toyota Land Cruiser vehicles.

  For each policy coverage, the claim probability for all vehicles averaged together equals 100. Numbers that are below 100 mean the vehicle has better than average losses, while percentage numbers above 100 point to more frequent losses or larger claims.

  
  

  Insurance Loss Ratings for Toyota Land Cruiser Vehicles

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Land Cruiser 4dr 4WD	94	88	171

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

All the larger insurance companies such as 21st Century, Allstate and State Farm allow consumers to get coverage prices online. This process doesn’t take a lot of time as you simply enter your coverage information as requested by the quote form. Behind the scenes, the quote system automatically orders credit information and your driving record and gives you a price quote based on the data you entered.

Getting online quotes for Toyota Land Cruiser insurance in Oklahoma City makes comparing rates easy, and it is important to compare as many rates as possible if you are searching for lower-cost insurance pricing.

If you want to find out how much you can save on insurance, compare rates from the companies below. If you have your current policy handy, we recommend you replicate your coverages as shown on your current policy. Using the same limits helps guarantee you will be getting a price comparison based on the exact same insurance coverage.

The car insurance companies shown below are our best choices to provide comparison quotes in Oklahoma. If multiple providers are shown, it’s highly recommended you visit several of them to get a more complete price comparison.

Insurance coverage analysis

The premium table shown below showcases different insurance rates for Toyota Land Cruiser models. Being more informed about how auto insurance premiums are formulated can be useful when making smart buying decisions.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Prices do not factor in vehicle garaging location which can impact coverage rates noticeably.

Policy deductible comparison

When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The rates below may help to illustrate how much more rates are when you buy lower versus higher physical damage coverage deductibles. The first rate quote example uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rates do not factor in vehicle garaging location which can modify auto insurance rates noticeably.

Based on the data above, we can derive that using a $250 deductible will cost you roughly $25 more each month or $300 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 10 months between claims, you would probably save some money if you choose a higher deductible. Below is a better example of how this decision is made.

One thing to be aware of is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a claim. That will require enough savings in the event you need to pay the deductible.

The information below demonstrates how deductibles and can impact Toyota Land Cruiser insurance prices for different ages of insureds. The price estimates are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Comparison of auto insurance rates by gender

The example below illustrates the comparison of Toyota Land Cruiser auto insurance rates for male and female drivers. The rates are based on no violations or accidents, comp and collision included, $1,000 deductibles, drivers are single, and no other discounts are factored in.

Does full coverage make sense?

The diagram below illustrates the comparison of Toyota Land Cruiser insurance prices with full physical damage coverage and with liability coverage only. The information is based on no claims or driving citations, $1,000 deductibles, single status, and no discounts are factored in.

Deciding between full coverage and liability only

There is no clear-cut rule to stop paying for physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s assume your Toyota Land Cruiser claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying your policy deductible. If premium cost is more than $700 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where buying only liability insurance is not a good idea. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not drop full coverage.

Protect your vehicle and other assets

Despite the high cost, buying car insurance may be required for several reasons.

• Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Toyota Land Cruiser, almost every bank will stipulate that you buy full coverage to guarantee loan repayment. If you do not keep the policy in force, the bank or lender will purchase a policy for your Toyota at a much higher premium rate and make you pay a much higher amount than you were paying before.
• Insurance safeguards not only your Toyota Land Cruiser but also your assets. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of an accident. If your Toyota gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance definitely exceed the cost, specifically if you ever have a liability claim. Unknowingly, the average driver is wasting up to $820 a year so you should quote and compare rates every year to help ensure money is not being wasted.

Toyota Land Cruiser insurance discounts in Oklahoma City

Car insurance is not an enjoyable expense, but you might already qualify for some discounts to cut the cost considerably. A few discounts will automatically apply at quote time, but a few must be manually applied in order for you to get them.

• Discount for Swiching Early – A few companies allow discounts for buying a policy prior to the expiration date on your current Land Cruiser insurance policy. This can save 10% or more.
• Pay Now and Pay Less – If paying your policy premium upfront as opposed to paying monthly you may reduce your total bill.
• Service Members Pay Less – Having a deployed family member could trigger a small discount.
• Discount for Good Grades – A discount for being a good student may save you up to 25%. Most companies allow this discount up to age 25.
• Air Bags and Passive Restraints – Cars that have air bags and/or automatic seat belt systems could see savings of 20 to 30 percent.
• Multiple Vehicles – Buying a policy with multiple cars or trucks with one company can reduce rates for all insured vehicles.
• Defensive Driver – Completing a class that teaches defensive driving techniques may get you a small discount and easily pay for the cost of the class.
• Resident Student – Older children who are enrolled in higher education away from home and do not have access to a covered vehicle can receive lower rates.

A little disclaimer on discounts, some credits don’t apply to the whole policy. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, that’s just not realistic.

The information below shows the comparison of Toyota Land Cruiser car insurance rates with and without policy discounts. The premiums are based on a male driver, no accidents, no driving violations, Oklahoma state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, safe-driver, marriage, and homeowner discounts applied.

Car insurance companies that possibly offer these discounts may include but are not limited to:

• American Family
• Farm Bureau
• State Farm
• Travelers
• The Hartford
• GEICO
• Progressive

If you want affordable Oklahoma City auto insurance quotes, ask each company which discounts you may be entitled to. Discounts may not be offered in your state. For a list of insurers offering car insurance discounts in Oklahoma, follow this link.

Comparing prices from local Oklahoma City auto insurance agents

Some people would rather have an agent’s advice and that is a personal choice. Licensed agents are very good at helping people manage risk and help file insurance claims. The best thing about comparing insurance prices online is that drivers can save money and get the best rates and still have a local agent.

Once you complete this short form, your insurance data is sent to insurance agents in Oklahoma City who can give free rate quotes and help you find cheaper coverage. There is no reason to visit any agencies because quoted prices will be sent to you. In the event you want to get a comparison quote from a specific auto insurance provider, you just need to visit that company’s website and give them your coverage information.

Finding the right insurer requires you to look at more than just a low price. Get answers to these questions too.

• Do they offer rental car reimbursement?
• Will high miles depreciate repair valuations?
• What will you get paid if your car is a total loss? How is that amount determined?
• Do the agents have professional certifications like CPCU or CIC?
• Is the agent properly licensed in Oklahoma?

Exclusive and independent Oklahoma City car insurance agents

If you want a reputable agency, there are a couple of different types of agents that you can choose from. Auto insurance policy providers can be described as either independent or exclusive. Both types can sell affordable auto insurance policies, but it’s important to know the subtle differences since it could factor into which type of agent you select.

Exclusive Insurance Agents

Exclusive agencies can only provide one company’s prices and some examples include Farmers Insurance and State Farm. Exclusive agencies are unable to place coverage with different providers so they have no alternatives for high prices. Exclusive insurance agents are highly trained on sales techniques which helps them sell on service rather than price. Drivers often use the same exclusive agent primarily because of the brand name rather than having low rates.

Shown below are exclusive insurance agencies in Oklahoma City willing to provide comparison quotes.

• Mike Earles – State Farm Insurance Agent
  12220 S Western Ave – Oklahoma City, OK 73170 – (405) 691-1115 – View Map
• Becky Stevens – State Farm Insurance Agent
  7105 W Hefner Rd – Oklahoma City, OK 73162 – (405) 722-0004 – View Map
• Jim Hoffhines – State Farm Insurance Agent
  3838 NW 36th St #160 – Oklahoma City, OK 73112 – (405) 948-8881 – View Map

More Oklahoma City agents

Independent Auto Insurance Agencies

These agents often have affiliation with several companies and that gives them the ability to insure with lots of companies and find the cheapest auto insurance rates. If prices rise, they can switch companies in-house and that require little work on your part.

When shopping rates, it’s a good idea to get insurance quotes from at a minimum one independent agency to have the best price comparison. Most also write with smaller companies which may have better rates.

Listed below is a short list of independent insurance agencies in Oklahoma City that can give you comparison quotes.

• Action Plus Insurance Agency
  9005 S May Ave – Oklahoma City, OK 73159 – (405) 631-9009 – View Map
• Premier Insurance
  3232 W Britton Rd # 150 – Oklahoma City, OK 73120 – (405) 285-4040 – View Map
• Perimeter Insurance
  4200 Perimeter Center Dr – Oklahoma City, OK 73112 – (405) 778-8880 – View Map

More Oklahoma City agents

If you get good answers as well as an affordable premium quote, you’ve probably found an insurance agency that can service your policy.

It’s not one size fits all

When it comes to choosing coverage for your personal vehicles, there really is not a cookie cutter policy. Your situation is unique so your insurance needs to address that.
Here are some questions about coverages that might help in determining if you would benefit from professional advice.

• Do I really need UM/UIM coverage?
• What can I do if my company won’t pay a claim?
• Am I better off with higher deductibles on my Toyota Land Cruiser?
• Do I have any recourse if my insurance company denies a claim?
• Does every company file a SR-22 automatically?
• What is high-risk coverage and where do I buy it?
• Do I need replacement cost coverage?

If you’re not sure about those questions, you may need to chat with 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 It’s fast, doesn’t cost anything and can help protect your family.

In Summary

Throughout this article, we presented a lot of ways to lower your Toyota Land Cruiser insurance prices in Oklahoma City. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding cheaper Oklahoma City auto insurance quotes. Drivers may even discover the best prices are with a smaller regional carrier. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Progressive and GEICO.

When shopping online for car insurance, never buy poor coverage just to save money. In many cases, an insured dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. Your objective should be to buy enough coverage at a price you can afford while still protecting your assets.

Other articles

• Car Insurance: When not to Skimp (BankRate.com)
• What Insurance is Cheapest for a 20 Year Old Female in Oklahoma City? (FAQ)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Your Car has been Stolen: Now What? (Allstate)
• Rollover Crash FAQ (iihs.org)