Expensive auto insurance can take a big chunk out of your personal savings and put the squeeze on your family’s finances. Comparing price quotes is a great way to help make ends meet. Big companies like Progressive, State Farm and GEICO all claim big savings with advertising and consumers find it hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.
Factors that might impact rates for a Toyota Land Cruiser
Consumers need to have an understanding of some of the elements that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to lower auto insurance prices.
- Drive a safer car and pay less – Vehicles with high crash test scores get lower rates. These vehicles reduce injuries and lower injury rates translates into savings for insurance companies and thus lower rates. If your Toyota has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
- More miles equals more premium – The more miles you rack up on your Toyota in a year’s time the more you will pay for auto insurance. Most companies charge to insure your cars based on how the vehicle is used. Cars and trucks that are left in the garage get more affordable rates compared to those used for work or business. An improperly rated Land Cruiser can cost quite a bit. Verify your auto insurance policy is rated on how each vehicle is driven.
- Type of vehicle determines base rates – The type of vehicle you drive makes a huge difference in determining your rates. The most favorable rates are generally reserved for economy passenger models, but there are many factors that impact the final cost. Since the Toyota Land Cruiser is considered a standard SUV, insurance will be slighty more compared to average rates.
- Never go without insurance – Driving without insurance is against the law and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, failure to provide proof of insurance will get you a revoked license or a big fine.Then you may be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
- Car features impact rates – Choosing a vehicle with an alarm system can help lower your rates. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.
- You might want pay the small claims yourself – If you file claims often, you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance companies generally give discounts to policyholders who file claims infrequently. Auto insurance is meant to be used in the event of the large, substantial claims.
- Credit scores impact auto insurance rates – Having a bad credit score is a big factor in calculating your auto insurance rates. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers who have poor credit. So if your credit score is low, you could save money insuring your Toyota Land Cruiser by improving your credit score.
Comparison of Auto Insurance
Shopping for lower auto insurance rates is a ton of work if you aren’t aware of the best way to get rate quotes. You could spend the better part of a day driving to agents in your area, or you could use the internet to get prices fast.
Most car insurance companies belong to a marketplace where insurance shoppers send in one quote, and every company can give them a price. This eliminates the need for quote requests for every auto insurance company.
To find out how much you’re overpaying now click here to start a free quote.
The only drawback to using this type of form is that consumers can’t choose the insurers to get quotes from. So if you want to select specific insurance companies for rate comparison, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.
It’s your choice how you get your quotes, but make sure you use apples-to-apples information for every quote you compare. If you are comparing different deductibles it’s not possible to find the best deal for your Toyota Land Cruiser.
Misconceptions in auto insurance advertisements
Consumers get pounded daily by advertisements for car insurance savings by 21st Century, Allstate and State Farm. All the ads make an identical promise that you can save if you move to their company.
How do they all make almost identical claims?
All the different companies are able to cherry pick for the type of customer they prefer to insure. For example, a driver they prefer could possibly be over the age of 40, has no tickets, and has excellent credit. Any new insured who matches those parameters receives the best rates and therefore will save when they switch companies.
Potential insureds who don’t qualify for this ideal profile will be quoted more money which usually ends up with the driver buying from a lower-cost company. The ads state “customers that switch” not “everybody who quotes” save money. That’s why companies can truthfully advertise the savings. This emphasizes why it’s extremely important to get as many comparisons as possible. It’s just too difficult to predict which company will give you the biggest savings.
Be sure to get all your discounts
Car insurance companies don’t always publicize every discount very well, so we researched some of the best known as well as the least known auto insurance savings. If you don’t get every credit you qualify for, you are paying more than you should be.
- Drive Safe and Save – Drivers who avoid accidents can get discounts for up to 45% lower rates for Land Cruiser insurance than drivers with accident claims.
- Accident Free – Drivers who don’t have accidents can save substantially when compared to bad drivers.
- Discount for Good Grades – A discount for being a good student can save 20 to 25%. The good student discount can last until age 25.
- Distant Student – Kids in college who attend school more than 100 miles from home and don’t have a car can receive lower rates.
- Multi-car Discount – Buying coverage for more than one vehicle on the same auto insurance policy could earn a price break for each car.
It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most cut individual premiums such as liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, you’re out of luck.
To see a list of companies with the best auto insurance discounts, follow this link.
How do I know if I need professional advice?
When it comes to choosing proper insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. For instance, these questions could help you determine whether your personal situation would benefit from an agent’s advice.
- Are my friends covered when driving my Toyota Land Cruiser?
- How do I file an SR-22 for a DUI in my state?
- Does having multiple vehicles earn me a discount?
- I don’t drive much so do I pay less?
- Are my tools covered if they get stolen from my vehicle?
- Do I need added coverage for expensive stereo equipment?
If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.
More comparisons equals lower rates
In this article, we presented a lot of ways to shop for Toyota Land Cruiser insurance online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even find the best price on auto insurance is with a small local company. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm or Progressive.
The cheapest Toyota Land Cruiser insurance is definitely available on the web in addition to many insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance providers do not provide online quoting and these small insurance companies work with independent agents.
