Finding the cheapest car insurance for a Toyota RAV4 in Florida hinges on many rating criteria such as driver age, where your vehicle is garaged, and any past driving violations you may have had. Florida drivers will pay around $1,005 a year for RAV4 insurance, but that price is an approximation based on a 50-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.
If we were betting, you are not 50 years old and maybe not even female, maybe you are married instead of single, or maybe you have a speeding ticket or two that will increase rates. Have just a small change in rating criteria could end up in a significant change in the policy rate.
Having different needs demonstrates why the way we recommend to find cheap insurance rates for your Toyota is to compare rates from as many companies as possible. To start saving now, get free quotes and you will get price quotes from some of the cheapest companies that insure Toyota vehicles in Florida.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$172||$334||$472||$28||$142||$1,148||$96|
|RAV4 Limited 2WD||$172||$334||$472||$28||$142||$1,148||$96|
|RAV4 Limited 4WD||$172||$334||$472||$28||$142||$1,148||$96|
|RAV4 Limited 4WD||$172||$334||$472||$28||$142||$1,148||$96|
|RAV4 Sport 4WD||$172||$334||$472||$28||$142||$1,148||$96|
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in specific Orlando garaging location which can increase or decrease price quotes substantially.
Comparing rates for budget insurance is confusing at best, and finding out which companies offer the cheapest car insurance rates for a Toyota RAV4 will require more quotes for comparison. Each auto insurer uses a slightly different approach to set policy rates, so let’s begin by examining the overall cheapest car insurance companies in Orlando, FL.
It’s important to understand that Orlando car insurance rates are determined by lots of factors which can substantially change the cost of coverage. Things like getting older, increasing deductibles, or getting a couple of tickets can trigger price changes that may make certain companies much higher than others.
Find the Cheapest Car Insurance for Your Toyota
USAA may offer some of the best car insurance rates in Orlando at around $957 a year. This is $1,491 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the cut as some of the best Orlando, FL insurance companies.
As shown in the rates above, if you have coverage with Amica and switched to USAA, you could see a yearly price reduction of approximately $789. Customers with Progressive might save as much as $872 a year, and Travelers policyholders might lower prices by $912 a year.
If you would like to find cheaper car insurance rates, click here or visit any of the low-priced companies below.
Understand that those estimates are averaged for all drivers and vehicles in Florida and do not factor in a vehicle location for a Toyota RAV4. So the auto insurance company that is best suited for you may not even be in the list above. That point stresses why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Liability rates compared to full coverage
Saving on car insurance is probably important to most vehicle owners, and one common way to pay lower rates for insurance for a Toyota RAV4 is to only buy liability insurance. The example below visualizes the comparison of annual premium costs with and without physical damage coverage. The information is based on no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are taken into consideration.
On average, full coverage costs $2,592 per year more than insuring for liability only. That may make you wonder when is the right time to remove full coverage. There is no clear-cut rule for excluding physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
There are a few situations where removing full coverage is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not drop full coverage.
The information below demonstrates how choosing different deductibles can increase or decrease premium costs when quoting cheap insurance for a Toyota RAV4. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
In the chart above, a 30-year-old driver could lower their policy premium by $394 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $596 by changing to a $1,000 deductible. Young drivers, like the Age 20 category, could possibly save up to $848 or more by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will now be necessary to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Discounts on Orlando insurance
Auto insurance companies that offer coverage for a Toyota RAV4 may provide premium discounts that may potentially lower prices by 40% or more if you are eligible to receive them. Popular car insurance companies and their offered discounts are shown below.
- State Farm offers discounts including multiple autos, driver’s education, accident-free, anti-theft, student away at school, good driver, and safe vehicle.
- Esurance offers premium reductions for claim free, DriveSense, paid-in-full, renters, and good driver.
- Progressive may have discounts that include multi-vehicle, online quote discount, good student, multi-policy, continuous coverage, and online signing.
- Liberty Mutual may offer discounts for newly married, new graduate, preferred payment discount, new move discount, and newly retired.
- Auto-Owners Insurance has savings for safe driver, good student, multiple vehicles, safe vehicle, group or association, anti-lock brakes, and company car.
- GEICO may include discounts for seat belt use, military active duty, good student, membership and employees, and daytime running lights.
The illustration below illustrates the comparison of insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no claims or driving citations, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with homeowner, accident-free, safe-driver, multiple vehicle, marriage, and multiple policy discounts applied. In this example, the average savings per year on car insurance for a Toyota RAV4 is 28% or $682.
If you aren’t sure which coverage to buy and prefer to have a professional recommendation when trying to find the best insurance rates for a Toyota RAV4, the insurance agencies listed below can probably aid you in deciding which policy is best. To find an Orlando insurance agency near you, click the link after the list or click here to get price quotes now.
Rocco English – State Farm Insurance Agent
7536 Dr Phillips Blvd #320 – Orlando, FL 32819 – (407) 351-5353
Floridian Insurance Agency
7316 E Colonial Dr – Orlando, FL 32807 – (407) 207-1616
Chris Vella – State Farm Insurance Agent
992 N Semoran Blvd – Orlando, FL 32807 – (407) 898-8836
Rick Fowler – State Farm Insurance Agent
2700 Corrine Dr – Orlando, FL 32803 – (407) 897-8100
J Meyers Insurance Agency
5003 Old Cheney Hwy – Orlando, FL 32807 – (407) 273-0230