Buying economical auto insurance for a Toyota RAV4 can be really easy, but it relies on lots of different rating factors such as the safety rating of your vehicle, if you have a tendency to file claims, and your policy deductibles. Drivers pay on average $929 a year for RAV4 insurance, but that amount is a projection calculated using a 40-year-old single male driver with full coverage and $250 deductibles.
When projecting a rate like this, the problem is that you may not be 40 years old (or even male), you might be married instead of single, or maybe you just want liability only. Having even a minor difference in rating variables or coverage information may result in significant differences in the cost of insuring your RAV4.
This illustrates why the only real way to find the most affordable coverage for your Toyota is to do your own rate comparisons.
Cheapest Toyota RAV4 Insurance Rates
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| RAV4 Sport 2WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| RAV4 4WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| RAV4 Limited 2WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| RAV4 Limited 4WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| RAV4 Limited 4WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| RAV4 Sport 4WD | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific Anchorage garaging location which can raise or lower premium rates substantially.
Finding a highly-rated auto insurance company can be a challenge considering how many companies are available to choose from in Alaska. The company ratings listed below could help you decide which car insurance providers you want to consider when buying insurance for a Toyota RAV4. These rankings include the largest companies in the United States, so companies that only write business in Alaska or surrounding areas are not factored into the list.
Top 10 Major Auto Insurance Providers in Anchorage Ranked by A.M. Best Rating
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- The General – A-
- AAA Insurance – A
- Liberty Mutual – A
Top 10 Major Auto Insurance Providers in Anchorage Ranked by Value
- USAA
- American Family
- The Hartford
- The General
- State Farm
- AAA Insurance
- Allstate
- Esurance
- Safeco
- 21st Century
The example below highlights how deductible selection can increase or decrease premium costs when trying to find cheap insurance for a Toyota RAV4. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could lower their car insurance rates by $222 a year by changing from a $100 deductible to a $500 deductible, or save $336 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could shave $552 or even more by choosing a higher deductible. When raising deductibles, it will now be necessary to have plenty of money set aside to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Full coverage or liability only
Buying cheaper insurance is important to most people, and one common way to find cheap insurance for a Toyota RAV4 is to not insure for full coverage. The diagram below shows the comparison of insurance premiums with full coverage compared to only the Alaska minimum liability coverage. The premiums assume no violations or claims, $100 deductibles, single marital status, and no discounts are applied.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs $1,856 per year over and above liability only. That is a significant amount which raises the question when is it safe to stop buying full coverage. There is no clear-cut rule of when to phase out physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
Why are you paying too much to insure your RAV4?
Alaska insurance rates are determined by lots of factors which can substantially change the cost of coverage. Improving your credit score, adding a teenager to your policy, or getting a reckless driving citation can trigger changes in premium resulting in some rates now being more affordable than others. Not only that, but insurance companies modify pricing as often as every three months to adjust for unexpected claims or profits. Heavier than normal losses can cause a rate increase, while profitable underwriting can cause lower-cost RAV4 insurance rates.
To help illustrate this point, the chart below shows the cheapest car insurance in Anchorage, AK for a 45-year-old male driver with no prior accidents, a clean driving record, and a good credit history. If we estimate rates based on his current rating profile, Umialik may have the lowest car insurance rates in Anchorage at $1,218 each year. This is $325 less than the average price paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO are also included in the cheapest Anchorage, AK auto insurance companies.
The example below compares rates after we give the driver from the first example a claim or two, bad credit, and a few traffic violations. Due to the fact that every auto insurer has their own guidelines to determine rates, comparing prices could now result in a substantially altered list of the cheapest companies as shown below.
USAA now has the cheapest car insurance in Anchorage with State Farm, Umialik, Progressive, and Safeco completing the list. This shows why it is critical to compare lots of rates when trying to find the most budget-friendly car insurance quotes for a Toyota RAV4. Car insurance prices are made up of many different factors and change dramatically, so the cheapest rate the last time you checked may now cost much more than other companies.
If you aren’t sure which coverage to buy and prefer to have a consultation when shopping for cheaper insurance for a RAV4, the agents listed below are a good start to provide answers to your questions and help you determine which is the best policy. To locate an Anchorage insurance agent using an interactive map, click the button link following the list or click here to compare prices now.
- Art Dorsey – State Farm Insurance Agent
9191 Old Seward Hwy #6 – Anchorage, AK 99515 – (907) 522-1231 - Curt Green, Jr. – State Farm Insurance Agent
836 E 15th Ave #1 – Anchorage, AK 99501 – (907) 272-2812 - Allstate Insurance: Stanley Tebow
8201 Old Seward Hwy a – Anchorage, AK 99518 – (907) 344-3301 - Allstate Insurance: Stan Tebow
3701 E Tudor Rd Ste 105 – Anchorage, AK 99507 – (907) 562-2645 - Stacey Allen – State Farm Insurance Agent
2203 W Dimond Blvd #100B – Anchorage, AK 99515 – (907) 277-2233
More Anchorage, AK insurance agents
How to find the cheapest auto insurance for a Toyota RAV4
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching solutions that can help Alaska drivers quote lower-cost car insurance.
- Drivers with good credit often pay less
- Raise deductibles to save money
- The safer your car, the less it costs to insure
- Avoid accidents and claims
- Assess whether full coverage is needed
- Avoid getting tickets or violations
- Compare rates once a year for cheaper prices
The last idea is remarkably valuable, as was stressed in the prior information. Insurance rates can be changed at any time, so don’t be tentative to buy a different policy if a cheaper price is available. We understand brand loyalty, but we do not recommend it if that inflexibility results in costing you hundreds of dollars year after year. It only take a few minutes to compare rates to find cheaper auto insurance for a Toyota RAV4 in Anchorage.