Save Money on Toyota FJ Cruiser Insurance in Orlando

Discount Toyota FJ Cruiser insuranceInconceivable but true, nearly 70% of consumers have purchased from the same company for over three years, and almost half have never compared auto insurance rates at all. Most drivers in the United States could save roughly 47% every year by just comparing quotes, but they feel it’s too difficult to find cheaper insurance by shopping around.

The recommended way to save money on Toyota FJ Cruiser insurance is to compare prices at least once a year from different companies in Orlando.

A good tip to remember is that you’ll want to compare the same level of coverage on every quote request and and to get quotes from as many companies as you can. Doing this ensures a fair price comparison and a thorough price selection.

All the larger auto insurance companies like 21st Century, Allstate and State Farm make it easy to get prices direct online. Getting Toyota FJ Cruiser insurance prices online is possible for anyone as you simply enter your personal and coverage information on the page. When complete, their quoting system gets credit information and your driving record and returns a price based on many factors. Being able to quote online for Toyota FJ Cruiser insurance in Orlando makes it a lot easier to compare rates and it is important to compare as many rates as possible if you want to get the most affordable premium.

To use this form to compare rates, compare rates now from the companies shown below. If you currently have coverage, we recommend you copy the coverages identical to your current policy. This makes sure you will have rate quotes based on the exact same insurance coverage.

The car insurance companies shown below are our best choices to provide free rate quotes in Florida. To find the cheapest car insurance in Orlando, FL, it’s highly recommended you click on several of them to get a more complete price comparison.

Auto insurance statistics for a Toyota FJ Cruiser

The data table displayed next highlights detailed analysis of insurance policy prices for Toyota FJ Cruiser models. Understanding how rates are formulated is important to be able to make smart choices when buying a policy.

Toyota FJ Cruiser Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $284 $406 $542 $32 $162 $1,426 $119
FJ Cruiser 4WD $316 $406 $542 $32 $162 $1,458 $122
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Prices do not factor in garaging location in Orlando which can raise or lower insurance rates substantially.

Comparison of policy deductibles

One of the hardest decisions when shopping for auto insurance is at what level do you set your deductibles. The comparisons below can help illustrate the rate differences when you select higher and lower policy deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Toyota FJ Cruiser insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $364 $446 $418 $24 $124 $1,401 $117
FJ Cruiser 4WD $406 $446 $418 $24 $124 $1,443 $120
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Toyota FJ Cruiser insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $296 $360 $418 $24 $124 $1,222 $102
FJ Cruiser 4WD $330 $360 $418 $24 $124 $1,256 $105
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in zip code location which can impact coverage rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $15 more each month or $180 every year averaged for all FJ Cruiser models than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 17 months between claim filings, you would come out ahead if you opt for a higher deductible. The table below illustrates a better example of how you can make your own decision.

Average monthly premium for $250 deductibles: $119
Average monthly premium for $500 deductibles (subtract): – $104
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One important note is that increasing deductibles to lower your rates means you pay more out-of-pocket when you file a claim. That will force you to have some savings in the bank in the event you need to pay more to get your vehicle repaired.

The illustration below shows how choosing a deductible and can raise or lower Toyota FJ Cruiser insurance prices for each different age group. The premiums assume a married male driver, comp and collision included, and no policy discounts are applied.

Rate comparison of males versus females

The illustration below compares Toyota FJ Cruiser insurance costs for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, comp and collision included, $500 deductibles, single marital status, and no discounts are applied to the premium.

Cost difference between full coverage and liability

The chart below illustrates the comparison of Toyota FJ Cruiser auto insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $500 deductibles, marital status is single, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no definitive rule of when to phase out full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Toyota FJ Cruiser replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after paying the physical damage deductible. If you are currently paying more than $500 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Cut Insurance Costs with These Tips

An important part of buying insurance is that you know some of the things that help calculate your premiums. When consumers understand what controls the rates you pay, this allows you to make educated decisions that can earn you lower rates. Many different elements are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but others are more obscure like your vehicle usage or how financially stable you are.

Shown below are some of the most rate-impacting factors used by your company to calculate prices.

Lower mileage equals lower premium – The more you drive your Toyota in a year the higher your rate. Most insurance companies calculate prices partially by how you use the vehicle. Cars and trucks that are left in the garage get more affordable rates than vehicles that have high annual mileage. An incorrectly rated FJ Cruiser is just wasting money. Make sure your car insurance coverage is rated on how each vehicle is driven.

How’s your driving record? – Your driving record has a big impact on rates. Even a single speeding ticket or other violation can boost insurance rates forty percent or more. Drivers with clean records pay less for auto insurance as compared to careless drivers. People who have multiple tickets such as DUI, reckless driving or excessive speeding may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to prevent their license from being revoked.

The diagram below shows how violations and fender-benders drive up Toyota FJ Cruiser insurance rates for different insured age categories. The costs are based on a married male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

Insurance companies don’t like frequent insurance claims – If you file a lot of claims you can expect either policy cancellation or increased premiums. Car insurance companies in Florida award cheaper rates to policyholders who do not rely on their insurance for small claims. Auto insurance is meant to be used in the event of more catastrophic claims.

Policy add-ons could be costing you – There are quite a few additional extra coverages that sound like a good idea at the time but may not be useful. Add-on coverages like rental car coverage, high-cost glass coverage, and additional equipment coverage may be wasting your money. These coverages may sound good when discussing your needs, but your needs may have changed so eliminate them to save money.

Auto insurance protects more than just your car

Despite the high cost of buying insurance for a Toyota FJ Cruiser in Orlando, maintaining insurance is most likely required but also gives you several important benefits.

First, most states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your car, it’s most likely the lender will force you to buy insurance to guarantee loan repayment. If you let the policy lapse, the bank or lender will purchase a policy for your Toyota at a much higher rate and make you pay the higher price.

Third, insurance safeguards both your car and your personal assets. It will also cover hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance definitely exceed the price paid, especially when you need to use it. As of last year, the average driver in Florida is overpaying more than $800 each year so smart consumers compare quotes every year to help ensure money is not being wasted.