The words “low-priced” and “insurance” probably shouldn’t be used in the same sentence, specifically when shopping around for the best insurance rates for a Toyota 4Runner. In an attempt to save some money, let’s open your eyes to some things that help determine insurance premiums, and figure out some ideas to cut the cost of the next policy you buy.
The vehicle requiring insurance is one of the largest considerations when shopping for the most economical coverage for a Toyota 4Runner. Vehicles with reasonable performance levels, a great safety record, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models. The next list shows insurance rates for a number of the cheapest vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 4WD||$1,195|
|Ford Explorer XLT AWD||$1,236|
|Chevrolet Impala LT||$1,305|
|Toyota RAV4 Sport 4WD||$1,313|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,329|
|Chevrolet Malibu LT||$1,339|
|Honda CR-V LX 4WD||$1,355|
|Honda Odyssey EX-L W/Rear Entertainment||$1,371|
|Toyota Corolla S||$1,377|
|GMC Sierra SLE Regular Cab 4WD||$1,395|
|Jeep Grand Cherokee SRT-8 4WD||$1,405|
|Chevrolet Silverado LT Regular Cab 2WD||$1,400|
|Ford F-150 Lariat Crew Cab Harley 4WD||$1,422|
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Table data does not factor in specific garaging location which can decrease or increase rates considerably.
Looking at the data, models like the Ford Escape, Ford Explorer, Chevrolet Impala, Toyota RAV4, and Toyota Tacoma will be some of the most economical vehicles to insure for a 4Runner.
Finding good, affordable insurance is not the easiest thing to do, and finding out which companies have the cheapest insurance rates for a Toyota 4Runner calls for additional perseverance. Each insurance company uses slightly different criteria for determining prices, so let’s begin by taking a look at the most budget-friendly insurance companies in Tulsa.
It’s important that you understand Oklahoma insurance rates are influenced by many factors which can substantially decrease or increase the price of coverage. Things like having a birthday, buying a different vehicle, or having an at-fault accident may prompt premium changes resulting in some rates now being more affordable than before.
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Oklahoma Farmers Union offers some of the most affordable car insurance rates in Tulsa at around $1,154 a year. USAA, The Hartford, Safe Auto, and GEICO would also be considered some of the best Tulsa, OK auto insurance companies.
As illustrated above, if you are currently insured with Safe Auto and switched to USAA, you may see a yearly savings of approximately $181. Policyholders with GEICO might save as much as $198 a year, and Farmers customers might lower prices by $226 a year.
To find cheaper insurance rates for your vehicle, click here to start a quote or quote prices from the following companies.
Be aware that those policy rates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a specific vehicle garaging location for a Toyota 4Runner. So the company that can offer you the best rate may not even be in the list above. That illustrates why you need to compare rates from multiple companies using your own specific driver information and vehicle.
For a 4Runner, one of the more important things that are looked at to determine the annual cost of car insurance is where you normally keep your vehicle. Areas with more people or higher crime rates likely pay more, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The next table lists the priciest cities in Oklahoma for a Toyota 4Runner to buy auto insurance in. Tulsa shows up at #3 with an annual rate of $2,215 for the average policy, which is about $185 each month.
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Price information shown is approximated as the specific Tulsa residence address can modify coverage rates substantially.
Discounts on Tulsa insurance
Insurance providers that offer coverage for a Toyota 4Runner may provide price discounts that can lower rates by 35% or more if you qualify. A list of companies and a selection of discounts include:
- State Farm discounts include multiple policy, multiple autos, accident-free, anti-theft, Drive Safe & Save, and passive restraint.
- American Family offers discounts for TimeAway discount, good student, accident-free, early bird, mySafetyValet, and bundled insurance.
- AAA policyholders can earn discounts including anti-theft, multi-policy, good student, multi-car, education and occupation, good driver, and AAA membership discount.
- GEICO may offer discounts for defensive driver, emergency military deployment, driver training, good student, anti-theft, multi-vehicle, and daytime running lights.
- Mercury Insurance may have discounts that include anti-theft, professional/association, accident-free, ease of repair, annual mileage, location of vehicle, and low natural disaster claims.
- Farmers Insurance offers premium reductions for early shopping, teen driver, multi-car, alternative fuel, homeowner, and bundle discounts.
- Progressive has discounts for good student, continuous coverage, online quote discount, multi-policy, multi-vehicle, and homeowner.
The chart below visualizes the comparison of insurance costs with and without discounts applied to the premium. The costs are based on a male driver, no claims, a clean driving record, Oklahoma state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with homeowner, multiple vehicle, claim-free, vehicle safety, passive restraint, and accident-free discounts applied. With discounts applied, theaverage yearly reduction on insurance for a Toyota 4Runner is 28% or $585.
How violations and accidents impact rates
The recommended way to score low insurance prices in Tulsa for a 4Runner is to pay attention while driving and avoid tickets and accidents. The information below demonstrates how speeding tickets and at-fault fender-benders can impact premium costs for different ages of insureds. The data assumes a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of auto insurance in Tulsa per year with no accidents or violations is $1,878. Add in two speeding tickets and the average cost surges to $2,470, an increase of $592 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance for a Toyota 4Runner jumps again to an average of $3,074. That’s an increase of $1,196, or $100 per month, just for not being more responsible behind the wheel!
Why you should be shopping around
Tulsa, OK insurance rates are impacted by many things which can substantially decrease or increase the policy premium. Simply improving your credit, getting divorced, or having an at-fault accident can cause premium changes that can now make some companies more affordable than before. Additionally, car insurance companies file new rates as needed in order to remain profitable. Larger than normal claims may cause more expensive prices, while a better claims history may cause cheaper Tulsa car insurance rates.
For example, the data below shows which company has the cheapest car insurance in Tulsa, OK for a 45-year-old male driver with a clear driving record, no claims, and a decent credit rating. If we estimate rates based on his current risk profile, USAA has the cheapest car insurance rates in Tulsa at $1,385 per year. This is $582 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are also on the list of the top five cheapest Tulsa, OK auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates an accident claim, less-than-perfect credit, and a traffic citation. Because each company has a different formula to set premium rates, analyzing rates most likely will result in a different set of cheap Tulsa auto insurance companies as shown below.
State Farm now has the lowest car insurance rate in Tulsa, OK with Oklahoma Farmers Union, The Hartford, GEICO, and Travelers also being competitive. This example proves why it is critical to compare as many rates as possible when trying to get the best insurance quotes for a Toyota 4Runner. Insurance rates can be determined by many risk factors and change dramatically, so the best company six months ago may now not even be in the top five.
How to find economical car insurance for a Toyota 4Runner
It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help Oklahoma drivers find cheaper coverage.
- At-fault accidents will increase rates
- Do not get tickets
- Too many claims can make car insurance unaffordable
- Vehicles with good safety ratings have lower liability rates
- Good credit scores may lower your rates
- Shop around once a year for cheaper rates
The last suggestion is incredibly valuable, as we discussed in this piece. Insurance prices fluctuate constantly, so don’t be afraid to buy a different policy if a more affordable price is available. Being loyal to a particular company is commendable, but it’s not a great idea if that devotion results in you overpaying money that could be going to better use. Take a couple minutes and compare rates to find cheaper auto insurance for a Toyota 4Runner in Tulsa.
If you have coverage questions and would like to have a little guidance when trying to find lower insurance rates for a Toyota 4Runner, the professional agents shown below are a good start to help you determine which auto insurance coverages would be the best in your situation.
To find an agent by location nearest to you, click the button link following the list.
GDK Insurance Agency, Inc.
3908 E 31st St – Tulsa, OK 74135 – (918) 742-5861
Stacy Sweeten – State Farm Insurance Agent
4130 S Harvard Ave, Ste A2 – Tulsa, OK 74135 – (918) 743-8700
1825 S Garnett Rd – Tulsa, OK 74128 – (918) 234-0022
Tulsa Insurance Gu
427 South Boston Avenue, 518 – Tulsa, OK 74103 – (918) 574-6262