Cheapest Rate Quotes for Toyota Rav4 Insurance in Laredo

  1. Home
  2. >
  3. Laredo Auto Insurance
  4. >
  5. Toyota Rav4

It's safe to conclude that auto insurance companies want to keep you from comparing prices. Insureds who shop around for cheaper price quotes are inclined to buy a new policy because they stand a good chance of finding a lower rate. A recent car insurance study discovered that people who compared rates regularly saved as much as $860 a year as compared to drivers who never compared rates.

If finding budget-friendly Toyota Rav4 insurance in Laredo is your goal, then having some insight into how to get free comparison quotes and analyze coverage rates can make it simple to find affordable coverage.

Insurance rates Toyota Rav4 in LaredoThe preferred way to get discount Toyota Rav4 insurance is to make a habit of regularly comparing prices from different companies that sell auto insurance in Laredo. Drivers can shop around by completing these steps.

First, try to learn a little about coverages and the changes you can make to prevent high rates. Many things that result in higher prices like at-fault accidents, speeding tickets, and poor credit history can be remedied by making minor driving habit or lifestyle changes.

Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agents can quote prices from multiple insurance companies.

Third, compare the new rate quotes to the price on your current policy and determine if cheaper Rav4 coverage is available. If you find a lower rate quote and switch companies, make sure there is no lapse in coverage.

Fourth, provide written notification to your current company of your intent to cancel the current policy and submit the signed application along with the required initial payment to your new company or agent. Don't forget to put the certificate of insurance somewhere easily accessible.

The most important part of this process is to make sure you're comparing identical coverages on each price quote and and to compare as many companies as you can. This guarantees a level playing field and the best rate selection.

If you're already insured, you will most likely be able to find better prices using these methods. We hope to introduce you to how to get online quotes and some tricks to saving. But Texas vehicle owners must learn how companies determine premium rates because rates fluctuate considerably.

To get affordable Laredo auto insurance quotes, there a variety of ways to compare rate quotes from many different Texas insurance companies. The best way to lower the rate you pay for Toyota Rav4 insurance is to use the internet to compare rates. It's important to know that comparing all the rates in your area increases your odds of finding the best price.

The companies shown below have been selected to offer free rate quotes in Laredo, TX. If you wish to find cheap car insurance in TX, we suggest you click on several of them to get the best price comparison.

Choosing Rav4 insurance is an important decision

Despite the high cost, paying for insurance may be mandatory for several reasons.

  • The majority of states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability insurance if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a loan on your Toyota Rav4, it's most likely the lender will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Toyota at an extremely high rate and require you to fork over for the much more expensive policy.
  • Insurance protects both your vehicle and your personal assets. It also can pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance will also pay to defend you if you are sued as the result of your driving. If your Toyota gets damaged, collision and comprehensive coverages will pay to repair the damage.

The benefits of carrying adequate insurance are without a doubt worth the cost, particularly if you ever have a claim. On average, a vehicle owner in Laredo is overpaying over $850 per year so you should quote rates at least once a year to save money.

Car insurance analysis for a Toyota Rav4

The table below outlines estimates of insurance prices for Toyota Rav4 models. Having insight into how insurance policy premiums are formulated can be valuable when making smart choices when selecting a policy.

Toyota Rav4 Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $182 $312 $382 $22 $114 $1,012 $84
RAV4 Sport 2WD $182 $312 $382 $22 $114 $1,012 $84
RAV4 4WD $182 $312 $382 $22 $114 $1,012 $84
RAV4 Limited 2WD $182 $312 $382 $22 $114 $1,012 $84
RAV4 Limited 4WD $182 $312 $382 $22 $114 $1,012 $84
RAV4 Limited 4WD $182 $312 $382 $22 $114 $1,012 $84
RAV4 Sport 4WD $182 $312 $382 $22 $114 $1,012 $84
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rates do not factor in specific Laredo garaging location which can change coverage rates considerably.

Analysis of deductible levels

One of the hardest decisions when shopping for car insurance is what deductibles to buy. The figures shown below may help to conceptualize the premium difference when you buy lower versus higher physical damage deductibles. The first set of prices uses a $250 deductible and the second price chart uses a $500 deductible.

Toyota Rav4 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $294 $496 $382 $22 $114 $1,333 $111
RAV4 Sport 2WD $294 $496 $382 $22 $114 $1,333 $111
RAV4 4WD $294 $496 $382 $22 $114 $1,333 $111
RAV4 Limited 2WD $294 $496 $382 $22 $114 $1,333 $111
RAV4 Limited 4WD $294 $496 $382 $22 $114 $1,333 $111
RAV4 Limited 4WD $294 $496 $382 $22 $114 $1,333 $111
RAV4 Sport 4WD $294 $496 $382 $22 $114 $1,333 $111
Get Your Own Custom Quote Go
Toyota Rav4 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $240 $400 $382 $22 $114 $1,158 $97
RAV4 Sport 2WD $240 $400 $382 $22 $114 $1,158 $97
RAV4 4WD $240 $400 $382 $22 $114 $1,158 $97
RAV4 Limited 2WD $240 $400 $382 $22 $114 $1,158 $97
RAV4 Limited 4WD $240 $400 $382 $22 $114 $1,158 $97
RAV4 Limited 4WD $240 $400 $382 $22 $114 $1,158 $97
RAV4 Sport 4WD $240 $400 $382 $22 $114 $1,158 $97
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can change auto insurance rates greatly.

Based on these figures, using a $250 deductible will cost you about $14 more each month or $168 each year across all Toyota Rav4 models than buying the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 18 months between claim filings, you would save more money by selecting a higher deductible.

Gender differences in car insurance premiums

The chart below compares Toyota Rav4 car insurance costs for male and female drivers. Data assumes no tickets, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no other discounts are factored in.

Rate comparison of full coverage and liability-only

The diagram below illustrates the comparison of Toyota Rav4 insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Should you buy full coverage or liability only?

There is no specific rule for phasing out full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Toyota Rav4 claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $2,000 after paying the physical damage deductible. If it's costing you more than $200 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Toyota Rav4 insurance discounts in Laredo

The price of auto insurance can be rather high, but you may qualify for discounts to cut the cost considerably. Many of these discounts will be applied automatically when you get a quote, but some need to be inquired about prior to getting the savings.Save money with discounts

  • Discount for Good Grades - Performing well in school could provide a savings of up to 20% or more. The discount lasts well after school through age 25.
  • Include Life Insurance and Save - Select insurance companies reward you with a lower auto insurance rate if you buy a life policy as well.
  • Full Payment Discount - By paying your policy upfront as opposed to paying monthly you may reduce your total bill.
  • Early Switch Discount - Some insurance companies give discounts for switching policies early. This can save 10% or more.
  • Anti-lock Brake System - Cars that have anti-lock braking systems are safer to drive so companies give up to a 10% discount.
  • Senior Citizens - Mature drivers can get lower premium rates.
  • Defensive Driving Course - Successfully completing a class that teaches defensive driver techniques could cut 5% off your bill and easily pay for the cost of the class.

You should keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce individual premiums such as liability, collision or medical payments. Despite the fact that it seems like you can get free auto insurance, nobody gets a free ride.

The information below shows the difference between Toyota Rav4 insurance costs with and without discounts applied to the policy rates. The premiums are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, claim-free, multi-car, marriage, and homeowner discounts applied.

Popular auto insurance companies and a selection of discounts are included below.

  • State Farm may offer discounts for defensive driving training, good driver, multiple policy, Steer Clear safe driver discount, anti-theft, and driver's education.
  • GEICO has savings for five-year accident-free, air bags, good student, anti-lock brakes, and seat belt use.
  • Allstate may have discounts that include farm vehicle, passive restraint, EZ pay plan discount, premier plus, and utility vehicle.
  • SAFECO has discounts for teen safe driver, bundle discounts, homeowner, drive less, safe driver, and teen safety rewards.
  • Farm Bureau policyholders can earn discounts including renewal discount, multi-vehicle, driver training, good student, safe driver, and 55 and retired.
  • Progressive includes discounts for online quote discount, good student, homeowner, multi-vehicle, and online signing.
  • AAA may include discounts for multi-car, pay-in-full, anti-theft, good driver, good student, AAA membership discount, and multi-policy.

Before purchasing a policy, check with each company how many discounts you can get. Discounts may not apply in your area.