Buying the cheapest car insurance for a Toyota 4Runner is normally pretty easy, but it relies on an enormous amount of rating factors such as your gender, your geographic location, and your choice of physical damage deductibles. Florida drivers will pay around $1,413 each year to insure their 4Runner, but that figure is a valuation using a 40-year-old single male driver with full comprehensive and collision coverage and $250 deductibles.
Odds are that you are not 40 and maybe not even a male, possibly married instead of single, or maybe you just want liability only instead of full coverage. Have just a small change in the criteria used to calculate rates could end up with a large change in how much insurance for a Toyota 4Runner costs.
Not every driver requires the same auto insurance coverages, so the only real way to find affordable rates for your Toyota is to compare as many rates as possible. In less than five minutes you will receive price comparisons from some of the most affordable companies that offer coverage in Florida.
The trim level of your vehicle tends to impact the insurance rate, so the price you will pay to insure a 4Runner Sport 2WD model will be $264 less than the insurance cost for the high end 4Runner Limited 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|4Runner Sport 2WD||$356||$514||$430||$26||$128||$1,454||$121|
|4Runner SR/5 2WD||$356||$624||$430||$26||$128||$1,564||$130|
|4Runner Sport 4WD||$356||$624||$430||$26||$128||$1,564||$130|
|4Runner SR/5 4WD||$356||$624||$430||$26||$128||$1,564||$130|
|4Runner Trail Edition 4WD||$398||$736||$430||$26||$128||$1,718||$143|
|4Runner Limited 2WD||$398||$736||$430||$26||$128||$1,718||$143|
|4Runner Limited 4WD||$398||$736||$430||$26||$128||$1,718||$143|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rates do not factor in vehicle location which can decrease or increase premiums substantially.
Comparing quotes for cost effective auto insurance is tough enough, and finding out which insurers offer the lowest-priced insurance rates for a Toyota 4Runner in Florida requires even more rate comparisons. Every auto insurer has their own process for setting prices, so first let's look at the rankings for the overall cheapest insurance companies in Florida.
It's a good idea to know that Florida insurance rates are influenced by many factors that will increase or decrease the price you have to pay for coverage. Simply improving your credit, increasing liability limits, or getting a few speeding tickets may generate price changes that can cause some rates to be less affordable than competitors.
Best Cheap Insurance Rates for Your Toyota
|Rank||Company||Cost Per Year|
|Quote Your Rates Go|
USAA quotes some of the best car insurance rates in Florida at around $977 annually. Electric, Amica, Progressive, and Mercury would also make the list of some of the cheaper Florida insurance companies.
As shown above, if you buy coverage from Progressive and switched to USAA, you could realize an annual savings of roughly $798. Customers with Mercury may save as much as $937 a year, and Travelers policyholders might reduce prices by as much as $968 a year.
Understand that those premiums are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific rate value for a Toyota 4Runner. So the insurer that has the cheapest price for you may not even be in the top 21 companies in the list above. That helps illustrate why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
The example below demonstrates how deductible levels can increase or decrease premium costs when trying to find cheap insurance for a Toyota 4Runner in Florida. Data assumes a single male driver, comp and collision included, and no policy discounts are applied.
As shown above, a 30-year-old driver could lower their car insurance rates by $476 a year by switching from a $100 deductible to a $500 deductible, or save $720 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could potentially save as much as $1,386 or even more by using a higher deductible. If you make the decision to raise deductibles, it is essential to have plenty of money set aside to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Rate difference between full and liability-only coverage
Finding the cheapest insurance is the goal of most drivers, and an easy way to pay less for insurance for a Toyota 4Runner in Florida is to only pay for liability coverage. The illustration below shows the comparison of insurance costs with liability coverage only compared to full coverage. Data assumes no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Averaged for all age groups, full coverage on your policy costs an extra $2,189 per year more than insuring for liability only. At some point, almost every driver questions if paying for full coverage is a waste of money. There is no set rule to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
There are some scenarios where removing full coverage is not financially feasible. If you haven't satisfied your loan, you have to keep full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
How to find economical auto insurance for a Toyota 4Runner
Below you'll find many penny-pinching suggestions that can help drivers buy cheaper coverage.
- At-fault accidents will increase rates
- Buy your homeowners policy from the same company as your auto insurance
- Clean up your credit
- Remove physical damage coverage on older vehicles
- Safe vehicles generally have lower rates
- Shop around and save
The final tip is extraordinarily valuable, as was stressed in the article above. Prices can be adjusted at any time, so drivers shouldn't hesitate to switch companies if a better rate can be found.
Staying with the same company for years is fine, but it's not recommended if your bullheadedness ends up costing you money that could be going to better use. If you have a few minutes, now is a great time to shop around and find cheaper auto insurance for a Toyota 4Runner.