Finding economical insurance for a Toyota RAV4 doesn’t take a ton of time, but it is dependent upon a complicated rating formula that uses factors such as age of the driver, whether or not you have filed claims in the past, and citations or violations on your driving record. Drivers in Texas pay on average $1,451 per year to insure their RAV4, but that price is a valuation based on a 40-year-old single female driver with full physical damage coverage and $100 deductibles.
There’s a good chance you aren’t exactly 40 years old or even a female, possibly married instead of single, or maybe your RAV4 is old enough that it doesn’t require full coverage. Even a slight difference in rating variables or coverage information can result in a big discrepancy in the cost of a policy.
Auto insurance is not the same for everyone, so the only real way to find cheap insurance prices for your Toyota is to do the rate comparisons yourself.
Cheapest Toyota RAV4 Insurance Rates
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
| RAV4 Sport 2WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
| RAV4 4WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
| RAV4 Limited 2WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
| RAV4 Limited 4WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
| RAV4 Limited 4WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
| RAV4 Sport 4WD | $314 | $670 | $496 | $30 | $148 | $1,658 | $138 |
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can alter auto insurance rates noticeably.
Deciding which companies quote the best auto insurance rates for a Toyota RAV4 will involve more time in order to find the lowest price quote.
Each auto insurance company has their own process for determining rates, so we’ll take a look at the auto insurance companies with the overall cheapest rates in San Antonio, TX. It’s important that you understand San Antonio auto insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Simply getting older, buying higher coverage limits, or getting caught speeding can cause premium changes that can make some companies much cheaper than others.
Find the Best Cheap Insurance for Your Toyota
Travelers may offer some of the lowest car insurance rates in San Antonio at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also some of the cheapest San Antonio, TX auto insurance companies.
As depicted above, if you are currently insured with Germania Mutual and switched to Travelers, you may realize an annual premium reduction of upwards of $192. Customers with California Casualty may save as much as $344 a year, and Esurance customers might see rate reductions of $369 a year.
To find out how your current rates compare, click here to start your free quote or quote rates from the companies below.
Understand that those policy prices are averaged across all drivers and vehicles and do not take into consideration an exact zip code location for a Toyota RAV4. So the auto insurance company that is most affordable for your situation may not even be in the list above. That’s why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
How careless driving impacts San Antonio auto insurance rates
The easiest way to receive good auto insurance rates for a RAV4 is to drive carefully and avoid tickets and accidents. The example below shows how speeding tickets and at-fault collisions raise premium costs for different age categories. The rates are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied.
In the previous chart, the average cost of a car insurance policy in Texas per year with a clean driving record and no accidents is $2,370. Add in one speeding ticket and the average cost surges to $2,670, an increase of $300 each year. Now include two accidents along with the one speeding ticket and the 12-month cost of auto insurance for a Toyota RAV4 jumps again to an average of $5,262. That’s an increase of $2,892, or $241 per month, just for not paying attention while driving!
Rate comparison of full coverage and liability-only
Paying a lower price for auto insurance is probably important to most people, and one great way to buy cheaper insurance for a Toyota RAV4 is to only buy liability coverage. The chart below shows the difference between car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The costs are based on no claims, a clean driving record, $250 deductibles, single marital status, and no additional discounts are factored in.
If all age groups are averaged, comprehensive and collision coverage on your policy costs $2,370 per year over liability only. Lot’s of drivers question if full coverage is worth the money. There is no definitive rule to stop buying full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after you pay the deductible. If you are paying over $200 a year for physical damage coverage, then you might want to think about dropping full coverage.
There are a few situations where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.
Low rates today, overpriced tomorrow
Texas auto insurance rates are calculated based on many things that control the price you pay. Improving your credit rating, increasing deductibles, or getting a ticket for careless driving can trigger changes in premium that can cause some rates to be affordable when they were higher priced. In addition to those changes, auto insurance companies modify rates at least once a year to adjust for heavy claims or excess profits. Higher than normal claim frequency or severity can result in additional price hikes, while a better loss history can produce lower-priced RAV4 insurance rates.
For example, the graph below shows which companies have the cheapest car insurance in San Antonio, TX for a 40-year-old male driver with a clear driving record, no claims, and great credit. When quoting prices based on his current risk profile, Travelers offers the most affordable car insurance rates in San Antonio at $1,172 each year. This is $732 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining most affordable San Antonio, TX auto insurance companies.
Now let’s give the driver from the first rate comparison an at-fault accident, a lower credit score, and a few blemishes on his driving record. Due to the fact that every auto insurer has a different formula to set premium rates, analyzing rate quotes may result in a different list of the cheapest car insurance companies in San Antonio as shown below.
Mercury now has the cheapest rate in San Antonio with State Farm, Nationwide, USAA, and Safe Auto now rounding out the top five. This demonstrates why it is crucial to perform a complete rate comparison to get the cheapest insurance rates for a Toyota RAV4.
Auto insurance prices are calculated by many different factors and change dramatically, so the best price the last time you checked may now be costing you a lot of money.
How to find more affordable insurance for a Toyota RAV4
The list below summarizes some money-saving suggestions that can help you quote low-cost auto insurance.
- At-fault accidents can raise rates significantly
- Buy a vehicle with excellent safety ratings
- Clean up your credit rating
- Avoid filing excessive claims
- Serious violations like DUI or reckless driving can increase rates dramatically
- Shop around for cheaper prices often
The last suggestion is particularly vital, as was noted in the prior article. Auto insurance rates can be modified anytime, so don’t hesitate to switch companies if you find a cheaper price.
Loyalty to a specific company is fine, but is isn’t recommended if it’s costing you a lot of money. Take a couple minutes and compare prices and find cheaper insurance for a Toyota RAV4 in San Antonio.