Cheap Insurance for a Toyota 4Runner in Tulsa

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Insurance for Toyota 4RunnerAre you tired of trying to find cheaper Toyota 4Runner insurance in Tulsa? Did budget coverage turn out to be an expensive car insurance policy? Believe me when I say many Tulsa consumers are in the same pinch.

Regrettably, a large majority of drivers kept their policy with the same company for well over three years, and almost 40% of drivers have never even shopped around for lower-cost coverage. Many consumers in Tulsa can save hundreds of dollars each year just by getting comparison quotes, but they just assume it takes a lot of time to compare other rate quotes.

Many insurance companies compete for your hard-earned dollar, so it can be very hard to choose a insurance company and get the best coverage at the lowest cost out there.

It's a great practice to compare premium rates before your next renewal due to the fact that insurance prices are constantly changing. Just because you found the best price on Toyota 4Runner insurance in Tulsa six months ago you will most likely find a better rate today. There are lots of tips to save on 4Runner insurance out there, but in a few minutes you can learn some excellent ideas to find cheap car insurance in Tulsa.

Analysis of coverages

The table below outlines different insurance coverage prices for Toyota 4Runner models. Learning a little about how insurance prices are figured can help guide drivers when making smart choices when selecting a coverage provider.

Toyota 4Runner Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $484 $704 $514 $30 $154 $1,886 $157
4Runner SR/5 2WD $484 $858 $514 $30 $154 $2,040 $170
4Runner Sport 4WD $484 $858 $514 $30 $154 $2,040 $170
4Runner SR/5 4WD $484 $858 $514 $30 $154 $2,040 $170
4Runner Trail Edition 4WD $538 $1010 $514 $30 $154 $2,246 $187
4Runner Limited 2WD $538 $1010 $514 $30 $154 $2,246 $187
4Runner Limited 4WD $538 $1010 $514 $30 $154 $2,246 $187
Get Your Own Custom Quote Go

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in specific Tulsa garaging location which can raise or lower auto insurance rates substantially.

Insurance deductibles

The hardest decision when buying coverage is where to set your physical damage deductibles. The comparisons below can help you understand the cost difference when you buy lower versus higher insurance deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.

Toyota 4Runner insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $392 $480 $382 $22 $114 $1,415 $118
4Runner SR/5 2WD $392 $584 $382 $22 $114 $1,519 $127
4Runner Sport 4WD $392 $584 $382 $22 $114 $1,519 $127
4Runner SR/5 4WD $392 $584 $382 $22 $114 $1,519 $127
4Runner Trail Edition 4WD $436 $688 $382 $22 $114 $1,667 $139
4Runner Limited 2WD $436 $688 $382 $22 $114 $1,667 $139
4Runner Limited 4WD $436 $688 $382 $22 $114 $1,667 $139
Get Your Own Custom Quote Go
Toyota 4Runner insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $318 $388 $382 $22 $114 $1,224 $102
4Runner SR/5 2WD $318 $472 $382 $22 $114 $1,308 $109
4Runner Sport 4WD $318 $472 $382 $22 $114 $1,308 $109
4Runner SR/5 4WD $318 $472 $382 $22 $114 $1,308 $109
4Runner Trail Edition 4WD $354 $554 $382 $22 $114 $1,426 $119
4Runner Limited 2WD $354 $554 $382 $22 $114 $1,426 $119
4Runner Limited 4WD $354 $554 $382 $22 $114 $1,426 $119
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Table data does not factor in specific location information which can modify coverage prices greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $19 more each month or $228 annually than buying the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 13 months between claim filings, you would save money going with the higher deductible.

The chart below shows how choosing a deductible and can affect Toyota 4Runner insurance rates for each different age group. The premiums are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

Impact of age and gender on insurance rates

The illustration below visualizes the comparison of Toyota 4Runner insurance premiums for male and female drivers. The price estimates are based on no claims or violations, comp and collision included, $100 deductibles, marital status is single, and no discounts are applied.

Comparison of full coverage and liability-only policies

The chart below shows the comparison of Toyota 4Runner insurance premiums with full coverage compared to only the Oklahoma minimum liability coverage. Data assumes a clean driving record, no claims, $100 deductibles, drivers are single, and no additional discounts are factored in.

Should you be buying full coverage?

There is no exact rule of when to eliminate physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's assume your Toyota 4Runner replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your deductible. If premium cost is more than $200 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Toyota 4Runner Insurance Cost Factors

Multiple criteria are considered when premium rates are determined. Some are obvious such as traffic violations, but others are not as apparent like your continuous coverage or your commute time.

  • Do thieves like your car? - Choosing to buy a car with a theft deterrent system can help lower your premiums. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder your car from being stolen.
  • Vocation and insurance prices - Did you know that where you work can have an impact on rates? Careers such as fire fighters, airline pilots, and miners usually pay higher premiums than the average policyholder due to high stress levels and lengthy work days. Other careers like scientists, historians and performers get better rates.
  • Expect high rates for teens - Beginning drivers in Oklahoma are statistically proven to be careless and easily distracted in a vehicle therefore auto insurance rates are much higher. If you've ever had to add a first-time driver to your policy can really hurt. Older insureds tend to be more responsible, tend to file fewer claims, and tend to be get fewer driving tickets.

    The following data uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • Save by driving vehicles with better crash test results - Cars with high safety ratings tend to have better insurance rates. Highly rated vehicles reduce occupant injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims and cheaper rates on your policy. If your Toyota is rated at a minimum four stars on Safercar.gov it may be receiving lower rates.
  • Only buy incidental coverages you need - Insurance companies have many extra add-on coverages that can add up on your 4Runner policy. Coverage for things like rental car coverage, high-cost glass coverage, and term life insurance could be just wasting money. These may sound like a good investment when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • How many miles do you drive? - The more you drive your Toyota each year the more you will pay for auto insurance. Many insurance companies calculate prices based on how the vehicle is used. Vehicles left parked in the garage can get a lower rate compared to those used for work or business. Ask your agent if your vehicle rating reflects the right rating data. A policy that improperly rates your 4Runner may be costing you.
  • Traffic violations cost more than a fine - Your driving citation history can have a huge impact on auto insurance premiums. Drivers with clean records have lower premiums compared to bad drivers. Just one citation can increase rates by as much as thirty percent. Drivers unfortunate enough to have dangerous violations like reckless driving or DUI may be required to prove financial responsibility to the state department of motor vehicles in order to keep their license.

    The example below illustrates how violations and at-fault accidents can increase Toyota 4Runner insurance costs for different categories of driver ages. The prices are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

  • Toyota 4Runner insurance loss probability - Companies factor in insurance loss information when they calculate premium rates for each model. Models that the statistics show to have a trend towards higher claims will cost more to insure. The table shown below demonstrates the insurance loss data for Toyota 4Runner vehicles.

    For each insurance policy coverage type, the loss probability for all vehicles as a whole is represented as 100. Values below 100 indicate better than average losses, while values that are above 100 show a trend for more claims or an increased probability of a larger loss.

    Toyota 4Runner Insurance Loss Statistics
    Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota 4Runner 4dr 2WD 75 92 83 76 66 75
    Toyota 4Runner 4dr 4WD 78 88 110 67 59 74
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

Ratings for Tulsa auto insurance companies

Selecting a high-quality insurance provider can be a challenge considering how many companies are available to choose from in Tulsa. The rank data below can help you choose which providers you want to consider purchasing coverage from.

Top 10 Tulsa Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. The Hartford - A+
  9. Allstate - A+
  10. Nationwide - A+

Top 10 Tulsa Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Persistence is the key to cheaper rates

When buying insurance coverage, do not skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced liability limits or collision coverage to discover at claim time that the savings was not a smart move. Your objective should be to buy the best coverage you can find for the lowest price but still have enough coverage for asset protection.

Budget-friendly insurance in Tulsa is available online and from local insurance agents, so you need to shop Tulsa auto insurance with both so you have a total pricing picture. There are still a few companies who may not offer the ability to get quotes online and most of the time these smaller providers prefer to sell through independent agents.

Steps to buying affordable Toyota 4Runner insurance in Tulsa

The best way to find discount car insurance rates in Tulsa is to make a habit of regularly comparing prices from insurers in Oklahoma. Prices can be compared by following these guidelines.

First, try to learn about how insurance companies determine prices and the measures you can control to prevent expensive coverage. Many factors that cause rate increases like speeding and a not-so-good credit history can be remedied by making minor changes to your lifestyle.

Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO and Allstate, while independent agencies can provide prices from many different companies.

Third, compare the new quotes to the premium of your current policy and see if you can save money. If you can save money and switch companies, verify that coverage does not lapse between policies.

Fourth, provide notification to your current company to cancel your current policy. Submit the signed application along with the required initial payment to the new company. Make sure you place the new proof of insurance paperwork with the vehicle registration.

A good tip to remember is that you use the same liability limits and deductibles on every price quote and and to compare as many auto insurance providers as possible. This guarantees the most accurate price comparison and many rates to choose from.

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