Toyota Rav4 insurance rates image courtesy of QuoteInspector.com
Buying cheap insurance for a Toyota RAV4 in New Jersey depends on a complex formula that considers things such as how you use your RAV4, the condition of your credit, and the deductible amount you use. New Jersey drivers pay around $1,799 each year for RAV4 insurance, but that figure is an estimation calculated using a 40-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
It's highly likely you are not 40 and maybe not even a male, maybe you are married instead of single, or maybe you don't qualify for the same discounts. Having what appears to be a very minor change in policy rating criteria or coverages could end up in a significant change in rates.
Each driver's needs are different, and that demonstrates why the only real way to find cheap car insurance rates for your Toyota is to put in the effort to do a thorough rate comparison. Comparing quotes is easy and you will get price quotes from the cheapest companies that insure Toyota vehicles in New Jersey.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$406||$860||$582||$34||$174||$2,056||$171|
|RAV4 Limited 2WD||$406||$860||$582||$34||$174||$2,056||$171|
|RAV4 Limited 4WD||$406||$860||$582||$34||$174||$2,056||$171|
|RAV4 Limited 4WD||$406||$860||$582||$34||$174||$2,056||$171|
|RAV4 Sport 4WD||$406||$860||$582||$34||$174||$2,056||$171|
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium amounts do not factor in specific location which can affect premiums significantly.
Deciphering which insurers offer the cheapest car insurance rates for a Toyota RAV4 may require more work than just comparing rates from one or two companies. Each insurance company has a proprietary method for setting rates, so we'll take a look at the car insurance companies that tend to be cheaper in New Jersey.
It's a good idea to be aware that New Jersey car insurance rates are based on many factors that control your annual premium. Turning one year older, getting divorced, or getting a ticket for running a stop sign can trigger rate changes that may make certain companies cheaper in comparison to the competition.
Compare Cheap Insurance Quotes for Your Toyota
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,297|
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21st Century may have some of the cheapest car insurance rates in Jersey City at around $1,100 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also rank well as some of the cheapest Jersey City, NJ insurance companies.
In the above example, if you are a policyholder with New Jersey Manufacturers and switched to 21st Century, you might achieve a yearly savings of in the vicinity of $197. Policyholders with Penn National could save as much as $266 a year, and Palisades insureds might lower prices by $282 a year.
To find cheaper insurance rates for your vehicle, click here to get a free quote or feel free to get quotes from the companies below.
Bear in mind that those premium estimates are averaged across all insureds and vehicles and and are not calculated with an exact vehicle garaging location for a Toyota RAV4. So the company that fits you best may not even be in the list above. That helps illustrate why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
Discounts on Jersey City insurance
Insurers that provide policies for a Toyota RAV4 may have rate discounts that can lower rates by as much as 40% or more if you can meet the requirements. A list of companies and a selection of discounts are:
- GEICO discounts include good student, defensive driver, federal employee, five-year accident-free, membership and employees, seat belt use, and anti-lock brakes.
- MetLife may offer discounts for accident-free, defensive driver, good driver, good student, multi-policy, and claim-free.
- State Farm may have discounts that include Drive Safe & Save, multiple policy, multiple autos, Steer Clear safe driver discount, good driver, accident-free, and defensive driving training.
- Progressive offers discounts for multi-vehicle, multi-policy, online signing, homeowner, online quote discount, and continuous coverage.
- Mercury Insurance includes discounts for annual mileage, professional/association, multi-policy, ease of repair, and multi-car.
- 21st Century has discounts for good student, driver training, air bags, theft prevention, and 55 and older.
- Allstate may include discounts for resident student, multi-policy, economy car, 55 and retired, defensive driver, and safe driver.
The example below illustrates the difference between auto insurance rates with and without discounts being applied to the rates. The premiums assume a female driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with defensive driving course, marriage, safe-driver, homeowner, multiple vehicle, and anti-theft discounts applied. With discounts applied, theamount saved on car insurance for a Toyota RAV4 is 28% or $710.
Why you should compare rates
New Jersey car insurance rates are influenced by many factors that may substantially change your annual premium. Simply having another birthday, increasing liability limits, or getting a couple of tickets may cause policy rate changes that can now make some companies cheaper than before. Not only may things change on your end, but companies amend pricing every year to adjust for heavy claims or excess profits. Significantly higher claims can result in more expensive premiums, while a better loss history can produce lower-priced RAV4 insurance rates.
To illustrate this example, the data below analyzes the cheapest car insurance in Jersey City, NJ for a 40-year-old male driver with no violations or accidents, and solid credit. If we look at prices based on his current rating profile, 21st Century quotes the cheapest car insurance rates in Jersey City at $1,423 annually. This is $429 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National also make the list of the cheapest Jersey City, NJ auto insurance companies.
The chart below compares rates after we give the driver from above an at-fault accident, a lower credit rating, and a stop sign violation. Since every insurance provider has a proprietary formula to set their prices, comparing quotes may now result in a different list of affordable companies as shown below.
Allstate now has the cheapest rate in Jersey City, NJ with The Hartford, Travelers, USAA, and Mercury completing the list. This demonstrates why consumers need to take the time to do a thorough rate comparison when trying to find the most economical insurance quotes for a Toyota RAV4. Auto insurance prices can be altered by many factors and change frequently, so the most economical company the last time you shopped your coverage around may now be quite expensive.
How to find economical car insurance for a Toyota RAV4
The list below details some of the recommended penny-pinching ideas that can help drivers get more affordable car insurance.
- Safer vehicles generally have cheaper insurance rates
- Earn a discount by not filing claims
- Be a safe driver
- Do not pay for full coverage if not needed
- Prevent rate increases by staying accident-free
- Buying home and auto together can help save money
- Shop your coverage around for the best deal
The last item on the list is extraordinarily crucial, as was affirmed in the prior article. Car insurance rates can change in a short period of time, so don't be unwilling to buy a different policy if a cheaper rate is available. Many consumers stick with the same company and that's fine, but is isn't recommended if your bullheadedness ends up costing you lots of money. Now is a great time to compare rates to find cheaper car insurance for a Toyota RAV4 in Jersey City.
If you prefer to have some professional guidance when buying car insurance for a RAV4, the agents listed below are a good start to answer your questions and help you decide which insurance coverage will be best for you.
To locate a Jersey City car insurance agency closest to you, click the button link following the list or click here to compare prices now.
- Preferred Choice Insurance Agency
225 Newark Ave - Jersey City, NJ 07302 - (201) 616-7644
- Farmers Insurance - Mofalc Meinga
447 Central Ave - Jersey City, NJ 07307 - (201) 435-1616
- Joe Nachbaur - State Farm Insurance Agent
505 Central Ave - Jersey City, NJ 07307 - (201) 222-8866