How to Save on Anchorage Toyota Rav4 Insurance

Are you kicking yourself for buying overpriced Toyota Rav4 insurance in Anchorage? Believe me when I say many Anchorage consumers feel financially strained by their auto insurance policy.

A recent auto insurance study discovered that the vast majority of consumers have been with the same company for a minimum of four years, and almost 40% of drivers have never shopped around. Many consumers in Alaska can cut their rates by 35% a year, but they underestimate how much money they would save if they switched to a cheaper policy. There is such a variety of insurance companies to insure vehicles with, and although it’s nice to have a choice, it makes it harder to find the best rates for your vehicles.

Our goal in writing this article instruct you on the best methods to compare rates and how you can save the most money. If you have car insurance now, you will be able to buy cheaper car insurance using the following tips. Smart shoppers just need to use the most time-saving way to find the lowest price over the internet.

The quickest way to get policy rate comparisons for Toyota Rav4 insurance in Anchorage is to realize most insurance companies provide online access to provide you with a free rate quote. The only thing you need to do is take a few minutes to give details like your job, coverage limits, distance driven, and if it has an alarm system. The rating information is then submitted to many of the top insurers and you get price estimates instantly.

To start a rate quote now, click here and enter your coverage details.

The car insurance companies shown below can provide free quotes in Alaska. To find cheaper car insurance in Alaska, it’s highly recommended you compare several of them to find the lowest car insurance rates.

Rates and data analysis

The table displayed below highlights different insurance coverage prices for Toyota Rav4 models. Having a good understanding how car insurance prices are figured is important for making informed decisions when comparing rates.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can modify prices noticeably.

Car insurance deductibles

One common question asked by Anchorage drivers is at what level do you set your deductibles. The tables below illustrate the price difference when you select higher and lower policy deductibles. The first price estimate table uses a $250 deductible and the second rate table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in specific location which can affect rates considerably.

Based on these figures, using a $250 deductible costs roughly $20 more each month or $240 for a full year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 38 months between claims, you would save more money if you decide on a higher deductible.

The chart below shows how choosing a deductible and can raise or lower Toyota Rav4 insurance costs for different ages of insureds. Data assumes a single female driver, full physical damage coverage, and no discounts are taken into consideration.

Should you buy full coverage?

The information below shows the difference between Toyota Rav4 car insurance rates with and without physical damage coverage. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are factored in.

Guidelines for dropping full coverage

There is no set guideline to delete comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Toyota Rav4 replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after paying the physical damage deductible. If premium cost is more than $200 a year for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some scenarios 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 savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Why do I need car insurance?

Despite the high cost, insuring your vehicle serves several important purposes.

First, almost all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability insurance if you don’t want to risk a ticket. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your vehicle has a loan, almost all lenders will require you to have insurance to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may insure your Toyota for a much higher rate and make you pay much more than you were paying before.

Third, insurance protects both your Toyota and your personal assets. It will also provide coverage for most medical and hospital costs incurred in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to repair the damage.

The benefits of buying enough insurance are without a doubt worth the cost, especially with large liability claims. The average driver in Alaska overpays more than $800 each year so you should quote rates every year to ensure rates are competitive.

Why Smart Consumers Pay Less for Toyota Rav4 Insurance

Lots of factors are taken into consideration when premium rates are determined. Some factors are common sense like an MVR report, but others are less apparent such as whether you are married or how financially stable you are. Consumers need to have an understanding of some of the factors that are used to determine your policy premiums. When you understand what controls the rates you pay, this enables you to make decisions that could help you find lower rates.

• What type of car do you drive? – The performance of the car you are trying to find cheaper insurance for makes a big difference in the rate you pay. The most favorable rates will normally be found when insuring the lowest performance passenger cars, but other factors influence the final cost greatly.

  The following chart uses these variables: married female driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares Toyota Rav4 car insurance rates compared to other makes and models that have a range of risk factors.

• Guys pay higher premiums – Over the last 30 years, statistics show that women are safer drivers than men. It does not mean women are better drivers. Females and males cause at-fault accidents at about the same rate, but guys have costlier accidents. They also get cited for more serious violations like driving under the influence (DUI). Males from age 16 to 21 are the most expensive to insure and are penalized with high car insurance rates.

  The chart below illustrates the difference between Toyota Rav4 annual premium costs for male and female drivers. The rates are based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in.

• Your age impacts your costs – Older drivers are proven to be safer behind the wheel, tend to file fewer claims, and are generally more financially stable. Inexperience drivers are statistically proven to be inattentive when driving therefore car insurance rates are much higher.

  The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Choose high crash test ratings and save – Cars with high safety ratings tend to have better insurance rates. Safer cars reduce injuries and better occupant protection means less money paid by your insurance company which can result in lower premiums. If the Toyota Rav4 earned at least four stars on Safercar.gov you are probably receiving a discount.
• Put fewer miles on your vehicle – Driving more miles in a year’s time the more it will cost to insure it. Many insurance companies calculate prices determined by how the vehicle is used. Autos that have low annual miles can be on a lower rate level compared to those used for work or business. A policy that improperly rates your Rav4 may be wasting your money. Ask your agent if your policy properly reflects annual mileage, because it can save money.
• Increase physical damage deductibles to save – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, helps pay for damage to your vehicle. Some examples of claims that would be covered are a broken side mirror, flood damage, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles tell how much the insured will be required to pay if a covered claim is submitted. The larger the amount the insured has to pay upfront, the better rate you will receive.

Do I need special coverages?

When it comes to the right insurance coverage, there isn’t really a perfect coverage plan. Your situation is unique so this has to be addressed.
Here are some questions about coverages that might help in determining if your situation could use an agent’s help.

• Can I still get insurance after a DUI?
• Can I afford to pay high deductible claims out of pocket?
• Are rental cars covered under my policy?
• What is no-fault insurance?
• Why does it cost so much to insure a teen driver in Anchorage?
• Can I afford to buy a different vehicle if my Toyota Rav4 is totaled?
• Do I need medical payments coverage since I have good health insurance?

If it’s difficult to answer those questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, free and you can get the answers you need.

Best car insurance in Alaska

Insuring your vehicle with the highest-rated auto insurance provider can be rather challenging considering how many different companies there are to choose from in Alaska. The ranking information displayed below could help you analyze which car insurance companies to look at comparing prices from.

Top 10 Anchorage Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 94%
2. AAA Insurance – 91%
3. State Farm – 90%
4. GEICO – 89%
5. The Hartford – 89%
6. The General – 88%
7. 21st Century – 88%
8. Allstate – 88%
9. Liberty Mutual – 88%
10. Esurance – 87%

Be persistent and save

Some companies may not have online quoting and most of the time these smaller companies only sell through independent agents. Lower-priced car insurance in Anchorage is attainable on the web and with local Anchorage insurance agents, and you should be comparing both in order to have the best price selection to choose from.

We just covered quite a bit of information on how to save on Toyota Rav4 insurance in Anchorage. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with the smaller companies. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.

Steps to finding more affordable Toyota Rav4 insurance in Anchorage

The best way to find discount Toyota Rav4 insurance in Anchorage is to compare prices at least once a year from insurance carriers in Alaska.

First, read and learn about how companies price auto insurance and the measures you can control to keep rates low. Many rating criteria that cause rate increases such as traffic tickets, fender benders, and a bad credit rating can be eliminated by making lifestyle changes or driving safer.

Second, request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple companies. View rates

Third, compare the new rate quotes to your existing rates to see if a cheaper price is available. If you find a better price and change companies, verify that coverage does not lapse between policies.

Fourth, notify your agent or company of your intention to cancel your current coverage. Submit a down payment along with a signed application to the new company. Once the paperwork is finalized, store the certificate verifying coverage with your vehicle’s registration.

One key aspect when comparing rates is that you use identical coverages on each quote and and to analyze as many different insurance providers as possible. Doing this provides an accurate price comparison and maximum price selection.

More tips and info about car insurance can be found by following these links:

• Bodily Injury Coverage (Liberty Mutual)
• Who Has Affordable Anchorage Auto Insurance Rates for a Nissan Altima? (FAQ)
• What Auto Insurance is Cheapest for First-time Drivers in Anchorage? (FAQ)
• Who Has Cheap Auto Insurance for a Dodge Grand Caravan in Anchorage? (FAQ)
• Who Has Affordable Auto Insurance for a Ford Escape in Anchorage? (FAQ)
• Who Has Affordable Car Insurance Rates for a Ford F-150 in Anchorage? (FAQ)
• Who Has Cheap Auto Insurance for Low Mileage Drivers in Anchorage? (FAQ)
• What Car Insurance is Cheapest for Active Military in Anchorage? (FAQ)
• What if I Can’t Find Coverage? (Insurance Information Institute)
• Keeping Children Safe in Crashes Video (iihs.org)
• New head restraint design cuts injuries (Insurance Institute for Highway Safety)
• Distracted Driving Statistics (Insurance Information Institute)