Are you trying to find lower-priced Toyota Land Cruiser insurance in Austin? Finding low-cost Austin Toyota Land Cruiser insurance quotes over the internet may seem to be challenging for vehicle owners that are not comfortable with quoting and online price comparisons. With such a large choice of online companies available, how are vehicle owners able to have the ability to compare each option to find the cheapest rates?
A recent insurance study revealed that the vast majority of consumers in Texas have remained with the same insurance company for well over three years, and nearly half have never shopped around. American drivers could save themselves approximately $860 a year just by shopping around, but they don’t want to take the time to find affordable rates by getting comparison quotes.
If you have car insurance now, you stand a good chance to be able to buy cheaper car insurance using this information. Our objective in writing this article is to teach you the most effective way to quote insurance and how you can save the most money. But Texas car owners should learn how insurance companies determine what you pay because rates fluctuate considerably.
When price shopping your coverage, getting more free quotes helps you find the best price. Not every company does Austin Land Cruiser insurance quotes over the internet, so it’s important to also get price quotes from them as well.
The companies shown below have been selected to offer quotes in Austin, TX. If multiple companies are shown, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in garaging location in Austin which can raise or lower rates noticeably.
Difference between full coverage and liability only rates
The chart below visualizes the comparison of Toyota Land Cruiser insurance prices when comparing full coverage to liability only. The premium estimates are based on no claims or driving citations, $100 deductibles, single female driver, and no discounts are applied.
When to stop buying physical damage coverage
There is no written rule for phasing out physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s say your Toyota Land Cruiser book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after the deductible is paid. If premium cost is more than $600 annually for physical damage coverage, then you might consider buying liability only.
There are some conditions where dropping physical damage coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Tickets and at-fault accidents raise rates
The diagram below highlights how traffic violations and at-fault collisions can influence Toyota Land Cruiser auto insurance rates for each age group. Data assumes a married male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
Choosing vehicle insurance is an important decision
Despite the high insurance cost for a Toyota Land Cruiser in Austin, buying car insurance serves several important purposes.
- Just about all states have mandatory insurance requirements which means state laws require a minimum amount of liability insurance coverage if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your Land Cruiser, it’s guaranteed your bank will require that you have physical damage coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Toyota at a more expensive rate and make you pay a much higher amount than you were paying before.
- Insurance safeguards not only your Toyota Land Cruiser but also your assets. It will also provide coverage for medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of insuring your car definitely exceed the cost, specifically if you ever have a liability claim. Unknowingly, the average driver overpays more than $750 every year so compare quotes from several companies at every renewal to help ensure money is not being wasted.
Toyota Land Cruiser insurance discounts in Austin
Auto insurance companies do not list their entire list of discounts in a way that’s easy to find, so here is a list a few of the more common and also the more inconspicuous discounts that you may qualify for. If you aren’t receiving every discount available, it’s possible you qualify for a lower rate.
- Distant Student Discount – Older children who are enrolled in a college that is more than 100 miles from Austin and don’t have a car may be able to be covered for less.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy a life policy as well.
- Military Rewards – Being on active duty in the military can result in better rates.
- No Charge for an Accident – Not necessarily a discount, but certain companies will let one accident slide without the usual rate increase if you are claim-free before the accident.
- No Claims – Claim-free drivers have much lower rates when compared to drivers with a long claim history.
- Discounts for Seat Belt Usage – Drivers who require all occupants to use their safety belts can save a little on medical payment and PIP coverage.
As is typical with insurance, most discount credits are not given to the entire policy premium. Most only apply to the cost of specific coverages such as comp or med pay. If you do the math and it seems like you could get a free insurance policy, company stockholders wouldn’t be very happy. But any discount will definitely lower your overall premium however.
Auto insurance companies that may offer quotes with these money-saving discounts include:
When comparing rates, check with each company which discounts they offer. Some credits might not be available to policyholders in Austin.
When to contact an insurance agency
Many drivers prefer to go talk to an agent and that is OK! A nice benefit of getting online price quotes is that drivers can save money and get better rates and still buy from a local agent.
After filling out this simple form, your information is emailed to local insurance agents in Austin who can give free rate quotes for your car insurance coverage. You don’t have to contact an agency due to the fact that quote results will go immediately to your email address. Get lower rates without requiring a lot of work. If you have a need to compare rates from a specific insurance company, you can always navigate to their website to submit a rate quote request.
Finding a good insurer is decision based upon more than just the price. Any good agent in Austin should know the answers to these questions.
- Which insurance companies are they affiliated with?
- Do they make recommendations based only on price?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Will they make sure you get an adequate claim settlement?
- How often do they review policy coverages?
- What kind of financial rating does the company have?
- What is the agency’s Better Business Bureau rating?
- Does the company allow you to choose your own collision repair facility?
Types of car insurance agents in Austin
When searching for a reputable insurance agent or broker, it can be helpful to understand the different types of agents and how they are distinctly different. Car insurance agencies can be described as either independent agents or exclusive agents.
Exclusive agents have only one company to place business with like Allstate, State Farm and Farmers Insurance. These agents are not able to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are usually well trained on sales techniques and that can be a competitive advantage. Drivers often buy insurance from these agents primarily because of the brand name and the convenience of having a single billing for all their coverages.
Below are exclusive insurance agents in Austin that are able to give comparison quotes.
- David Simmons – State Farm Insurance Agent
1910 W Braker Ln #400 – Austin, TX 78758 – (512) 837-8825 – View Map
- State Farm: Charlie Anderson
12710 Research Blvd #210 – Austin, TX 78759 – (512) 258-2231 – View Map
- Carmina Eaton – State Farm Insurance Agent
4201 W Parmer Ln b170 – Austin, TX 78727 – (512) 244-6641 – View Map
Independent Agents (or Brokers)
Agents that choose to be independent are not limited to a single company so they can write business with many different companies and find the cheapest car insurance rates. If your premiums go up, an independent agent can move your coverage and you don’t have to switch agencies. When comparing rates, we recommend you include price quotes from several independent agencies so that you have a good selection of quotes to compare. Most also have access to different regional companies that many times have cheaper rates.
Shown below are Austin independent agencies who can help you get comparison quotes.
- EZ Insurance Agency – North
7600 N Lamar Blvd # E – Austin, TX 78752 – (512) 445-2700 – View Map
- Higginbotham/William Gammon Insurance
1221 S MoPac Expy – Austin, TX 78746 – (512) 477-6745 – View Map
- Independent Insurance Agents
1115 San Jacinto Blvd – Austin, TX 78701 – (512) 476-6281 – View Map
If you feel you receive positive feedback to any questions you may have and cheaper Land Cruiser insurance quotes, it’s possible that you found an insurance agent that can be trusted to properly insure your vehicles.
Information about specific coverages
Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and nobody wants to actually read their policy.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many Texas drivers have only the minimum liability required by law (30/60/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Liability insurance – This coverage will cover damage that occurs to a person or their property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 30/60/25 that translate to $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims like legal defense fees, loss of income, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but buy as large an amount as possible. Texas requires minimum liability limits of 30/60/25 but it’s recommended drivers buy better liability coverage.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for immediate expenses for things like chiropractic care, nursing services, hospital visits, funeral costs and X-ray expenses. They are utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Collision coverage – Collision insurance will pay to fix damage to your Land Cruiser resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as crashing into a ditch, colliding with a tree, colliding with another moving vehicle, crashing into a building and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also choose a higher deductible on your Land Cruiser to get cheaper collision coverage.
Comprehensive auto coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as fire damage, hitting a bird, damage from a tornado or hurricane and damage from flooding. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Shop around and save
We just presented a lot of information how to find cheap Toyota Land Cruiser insurance in Austin. It’s most important to understand that the more price quotes you have, the better likelihood of getting low cost Austin car insurance quotes. You may even discover the best premium rates are with a small local company.
Cost effective Toyota Land Cruiser insurance is attainable online as well as from independent agents in Austin, so you should be comparing quotes from both to have the best selection. Some insurance companies don’t offer price quotes online and usually these regional insurance providers work with independent agents.
As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. There are many occasions where drivers have reduced liability coverage limits only to discover later that it was a big mistake. Your focus should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- How Much are Auto Insurance Quotes for a Company Car in Austin? (FAQ)
- Who Has the Cheapest Austin Car Insurance for Drivers with Accidents? (FAQ)
- How Much are Auto Insurance Rates for High School Students in Austin? (FAQ)
- Who Has Cheap Austin Car Insurance Rates for Uninsured Drivers? (FAQ)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)
- Anti-Lock Brake FAQ (iihs.org)