Save Money on Toyota 4Runner Insurance in Jacksonville

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Toyota 4Runner insurance cost
Toyota 4Runner insurance cost image courtesy of QuoteInspector.com

It's an obvious statement that car insurance companies want to keep you from comparing rates. People who get price comparisons are likely to switch to a new company because there is a good chance of getting low-cost coverage. A study discovered that consumers who compared rate quotes regularly saved on average $850 each year compared to those who never compared rates.

If finding the best price on car insurance is your ultimate goal, understanding the best way to shop and compare insurance rates can make the process more efficient.

Discount Toyota 4Runner insuranceIf you want to find the absolute lowest rates, then the best way to get low-cost Toyota 4Runner insurance is to annually compare prices from companies who provide auto insurance in Jacksonville.

  1. Take a few minutes and learn about how car insurance works and the things you can change to prevent high rates. Many factors that result in higher rates such as at-fault accidents and poor credit can be eliminated by paying attention to minor details. This article provides more information to help prevent high rates and find hidden discounts.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO or Allstate, while independent agencies can quote prices for a wide range of insurance providers. Compare rates
  3. Compare the new rate quotes to your existing rates to see if a cheaper price is available. If you can save some money and decide to switch, make sure there is no lapse in coverage.
  4. Provide notification to your current agent or company of your intent to cancel your current policy and submit a down payment and signed policy application to the new company. As soon as you have the new policy, put the proof of insurance paperwork in your vehicle's glove compartment or console.

A key point to remember is that you'll want to compare identical coverage information on every quote and and to get quotes from as many carriers as you can. Doing this provides a fair rate comparison and a thorough selection of prices.

All the larger car insurance companies make it easy to get price estimates direct online. Getting quotes for Toyota 4Runner insurance in Jacksonville is fairly simple as you just type in the coverage amounts you desire into the quote form. When complete, the quote system obtains credit information and your driving record and generates pricing information based on these factors.

Getting online rates for Toyota 4Runner insurance in Jacksonville makes it simple to compare prices and it's necessary to do this if you want to get cheap rates.

To use this form to compare rates, take a look at the companies shown below. If you have your current policy handy, we recommend you replicate deductibles and limits just like they are on your policy. This makes sure you will have a fair comparison using the same coverage and limits.

The companies shown below are our best choices to provide price quotes in Jacksonville, FL. If more than one company is shown, we suggest you visit several of them to get a more complete price comparison.

Choosing 4Runner insurance is an important decision

Even though Jacksonville 4Runner insurance rates can get expensive, paying for car insurance is most likely required but also gives you several important benefits.

  • Just about all states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage if you don't want to risk a ticket. 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.
  • If you have a lien on your Toyota, it's guaranteed your bank will require that you buy full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your Toyota at a more expensive rate and require you to reimburse them the higher price.
  • Insurance protects both your Toyota and your assets. It will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If you have damage to your Toyota as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of having car insurance outweigh the cost, particularly for liability claims. The average driver in America is overpaying more than $865 each year so compare rates once a year at a minimum to ensure rates are competitive.

Facts and figures for Toyota 4Runner insurance

The rate table below showcases different insurance coverage prices for Toyota 4Runner models. Having a better idea how rate quotes are figured can be of help when making informed decisions.

Toyota 4Runner Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $368 $490 $366 $22 $110 $1,356 $113
4Runner SR/5 2WD $368 $596 $366 $22 $110 $1,462 $122
4Runner Sport 4WD $368 $596 $366 $22 $110 $1,462 $122
4Runner SR/5 4WD $368 $596 $366 $22 $110 $1,462 $122
4Runner Trail Edition 4WD $410 $702 $366 $22 $110 $1,610 $134
4Runner Limited 2WD $410 $702 $366 $22 $110 $1,610 $134
4Runner Limited 4WD $410 $702 $366 $22 $110 $1,610 $134
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Rate quotes do not factor in specific zip code location which can revise price quotes noticeably.

Can higher deductibles save money?

When shopping for insurance, a common question is how high should your deductibles be. The rates shown below can help show the cost difference between high and low deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Toyota 4Runner insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $364 $446 $354 $20 $106 $1,315 $110
4Runner SR/5 2WD $364 $544 $354 $20 $106 $1,413 $118
4Runner Sport 4WD $364 $544 $354 $20 $106 $1,413 $118
4Runner SR/5 4WD $364 $544 $354 $20 $106 $1,413 $118
4Runner Trail Edition 4WD $406 $640 $354 $20 $106 $1,551 $129
4Runner Limited 2WD $406 $640 $354 $20 $106 $1,551 $129
4Runner Limited 4WD $406 $640 $354 $20 $106 $1,551 $129
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Toyota 4Runner insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $296 $360 $354 $20 $106 $1,136 $95
4Runner SR/5 2WD $296 $438 $354 $20 $106 $1,214 $101
4Runner Sport 4WD $296 $438 $354 $20 $106 $1,214 $101
4Runner SR/5 4WD $296 $438 $354 $20 $106 $1,214 $101
4Runner Trail Edition 4WD $330 $516 $354 $20 $106 $1,326 $111
4Runner Limited 2WD $330 $516 $354 $20 $106 $1,326 $111
4Runner Limited 4WD $330 $516 $354 $20 $106 $1,326 $111
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in specific zip code location which can raise or lower coverage prices noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $18 more each month or $216 a year than opting for the higher $500 deductible. Because you would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have more than 14 months between claims, you would save more money if you opt for a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $122
Average monthly premium for $500 deductibles (subtract): - $104
Monthly savings from raising deductible: $18
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

An important thing to remember is that raising deductibles to save money results in more money out-of-pocket when you have a comprehensive or collision claim. That will necessitate a higher level of savings in order to pay the higher deductible.

Rate comparison of males versus females

The diagram below shows the difference between Toyota 4Runner premium costs for male and female drivers. The prices are based on no driving violations, no at-fault accidents, full coverage, $1,000 deductibles, single status, and no policy discounts are applied.

Does it make sense to buy full coverage?

The information below visualizes the comparison of Toyota 4Runner car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The prices are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no set rule to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your Toyota 4Runner replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $5,000 after you pay the deductible. If premiums are more than $500 a year for full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Get affordable Toyota 4Runner insurance in Jacksonville with discounts

Some companies do not list all their discounts in a way that's easy to find, so here is a list some of the more common and the harder-to-find credits available to you.Cheaper car insurance with discounts

  • Professional Memberships - Being a member of a qualifying organization is a good way to get lower rates on your bill.
  • Save over 55 - Drivers over the age of 55 can get reduced rates.
  • ABS Braking Discount - Vehicles with anti-lock braking systems are much safer to drive so you can save 10 percent or more.
  • Telematics Data Discounts - Insureds who allow their car insurance company to look at driving patterns through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if their driving habits are good.
  • Multi-policy Discount - If you can combine your homeowners and auto policy and insure them with the same company you may save 10% to 20% off each policy.
  • Active Service Discounts - Being on active duty in the military may qualify for rate reductions.
  • Passenger Safety Discount - Vehicles equipped with air bags or motorized seat belts can qualify for discounts of more than 20%.
  • New Vehicle Savings - Buying a new car instead of a used 4Runner is cheaper compared to insuring an older model.
  • Accident Forgiveness Coverage - Not a discount per se, but a handful of insurance companies allow you one accident before your rates go up if you have no claims for a specific time period.

You can save money using discounts, but most discounts do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates all the discounts add up to a free policy, it doesn't quite work that way.

The illustration below shows the comparison of Toyota 4Runner annual premium costs with and without discounts. Data assumes a male driver, no claims or driving citations, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, marriage, safe-driver, and multi-policy discounts applied.

A few popular companies and some of the discounts are:

  • State Farm offers premium reductions for defensive driving training, multiple autos, accident-free, safe vehicle, driver's education, student away at school, and Steer Clear safe driver discount.
  • American Family discounts include good driver, air bags, early bird, multi-vehicle, defensive driver, bundled insurance, and TimeAway discount.
  • GEICO may have discounts that include five-year accident-free, military active duty, multi-vehicle, good student, anti-theft, and seat belt use.
  • 21st Century includes discounts for student driver, anti-lock brakes, 55 and older, early bird, and air bags.
  • Progressive may include discounts for continuous coverage, online quote discount, online signing, homeowner, multi-vehicle, and good student.

When comparing rates, check with every prospective company which discounts can lower your rates. All car insurance discounts may not apply to policies in Jacksonville. To see a list of insurers offering car insurance discounts in Florida, click this link.

Should I contact a local insurance agent?

Many people still like to talk to a local agent and that is not a bad decision Most agents will help you protect your assets and help you file claims. The biggest benefit of comparing car insurance online is that you can find the lowest rates but still work with a licensed agent. Supporting local agencies is definitely important in Jacksonville.

After filling out this form (opens in new window), your insurance coverage information gets sent to local insurance agents who will give you bids for your car insurance coverage. It's much easier because you don't need to contact any insurance agencies because quoted prices will be sent to the email address you provide. If you need to get a comparison quote from a specific car insurance provider, feel free to go to their quote page and give them your coverage information.

Picking an insurance company requires more thought than just the bottom line cost. The questions below may impact your decision as well.

  • Is insurance their full-time profession?
  • Will your rates increase after a single accident?
  • Will the agent or a CSR service your policy?
  • What is the agency's Better Business Bureau rating?
  • Can you choose the body shop in case repairs are needed?

Smart consumers save more

While you're price shopping online, it's a bad idea to skimp on critical coverages to save a buck or two. In many instances, an insured cut physical damage coverage and discovered at claim time that it was a big error on their part. The ultimate goal is to get the best coverage possible at the best cost, but do not skimp to save money.

You just learned a lot of ways to shop for Toyota 4Runner insurance online. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the biggest savings come from a company that doesn't do a lot of advertising.

Consumers change insurance companies for a variety of reasons including poor customer service, delays in responding to claim requests, being labeled a high risk driver or high rates after DUI convictions. Whatever your reason, finding the right auto insurance provider is not as hard as you think.

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