Cheapest Insurance for a Toyota 4Runner in Austin

Insurance quote for Toyota 4Runner in AustinAre you regretting the purchase of high-priced Toyota 4Runner insurance in Austin? Don’t sweat it because you’re not the only one.

Unfortunately, nearly 70% of customers kept buying from the same company for a minimum of four years, and just short of a majority have never quoted auto insurance rates at all. The average driver in Austin could save $1,800 a year by just comparing rate quotes, but they don’t believe the rate savings if they switched to a more affordable policy. You have so many auto insurance companies to insure vehicles with, and though it is a good thing to have a selection, more choices can make it harder to find the best rates for Toyota 4Runner insurance in Austin.

Why You Might Pay Lower Rates in Austin

Many different elements are considered when you quote your car insurance policy. Most are fairly basic like your driving record, but other factors are less obvious like your vehicle usage or how safe your car is.

Shown below are a partial list of the pieces companies use to determine your premiums.

Lowering your car insurance rates is not rocket science. The only requirement is to take time getting comparison quotes to find the company with cheaper Austin car insurance quotes.

Comparison shopping rate quotes online is easy and it makes it obsolete to spend your day driving to and from local Austin insurance agencies. The fact that you can get quotes online makes this process obsolete unless you want the trained advice of a local Austin agent. It is possible to get prices online and get advice from an agent in your area.

The following companies offer free quotes in Texas. If several companies are displayed, we suggest you get price quotes from several of them to find the lowest auto insurance rates.

Toyota 4Runner Insurance Costs in Austin, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $262 $322 $330 $20 $98 $1,032 $86
4Runner SR/5 2WD $370 $592 $324 $20 $96 $1,402 $117
4Runner Sport 4WD $232 $392 $340 $20 $102 $1,086 $91
4Runner SR/5 4WD $286 $512 $366 $22 $110 $1,296 $108
4Runner Trail Edition 4WD $322 $594 $310 $18 $94 $1,338 $112
4Runner Limited 2WD $222 $360 $330 $20 $98 $1,030 $86
4Runner Limited 4WD $288 $496 $310 $18 $94 $1,206 $101
Get Your Own Custom Quote Go

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify prices substantially.

Full coverage or liability only

The information below illustrates the comparison of Toyota 4Runner car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The premiums are based on no violations or claims, $100 deductibles, married male driver, and no discounts are applied.

Should you buy full coverage or liability only?

There is no exact formula for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Toyota 4Runner settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying the physical damage deductible. If you are paying over $600 a year for full coverage, then you may need to consider dropping full coverage.

There are a few cases where eliminating full coverage is not a good idea. 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 your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage.

Truth in car insurance advertising

Consumers can’t avoid all the ads that claim the cheapest rates from companies such as State Farm, GEICO and Progressive. They all seem to seem to make the promise that you’ll save big if you change your car insurance policy to them.

It sounds good, but how can they all have lower policy pricing?

Car insurance companies offer their best rates for a prospective insured that will not have excessive claims. For instance, a desirable insured might be a female over age 40, has other policies, and drives less than 5,000 miles a year. Anyone that fits those parameters will get a cheap rate quote in Austin and have a good chance to pay quite a bit less when switching companies.

Drivers who may not quite match this stringent profile will probably have to pay a higher premium which results in the driver buying from a lower-cost company. The trick is to say “drivers who switch” but not “everyone who gets a quote” save that much. That’s why companies can truthfully lure you into getting a quote.

Different companies use different criteria so drivers should get as many free Austin car insurance quotes as possible. It is impossible to predict which company will fit your personal profile best.

Car insurance does more than just repair your car

Despite the potentially high cost of Toyota 4Runner insurance, paying for car insurance is required for several reasons.

First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability 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.

Second, if your vehicle has a lien holder, it’s most likely the lender will have a requirement that you buy full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank may insure your Toyota for a lot more money and require you to fork over much more than you were paying before.

Third, insurance protects not only your car but also your assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Toyota as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of insuring your 4Runner outweigh the cost, especially for larger claims. Today the average American driver is wasting up to $830 a year so smart consumers compare quotes at every policy renewal to help ensure money is not being wasted.

Cheaper rates with these discounts

Insurance can be pricey, but you may find discounts to help offset the cost. Certain credits will be shown at the time you complete a quote, but occasionally some discounts must be inquired about before you will receive the discount. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.Cheaper insurance with discounts

Just know that some credits don’t apply to the entire cost. Most only cut individual premiums such as comp or med pay. So when the math indicates having all the discounts means you get insurance for free, it doesn’t quite work that way.

A few popular companies and a summarized list of policyholder discounts include:

Double check with each company which discounts they offer. Discounts might not apply in your area. To see a list of insurance companies who offer discounts in Texas, click this link.

Get rate quotes but work with a local Austin insurance agency

Some consumers just want to go talk to an agent and that is not a bad decision Good agents can make sure you are properly covered and help in the event of a claim. One of the best bonuses of getting online price quotes is the fact that you can find cheap rate quotes and still have a local agent. Buying from and supporting neighborhood insurance agencies is still important in Austin.

Find insurance agent in AustinOnce you complete this short form, your insurance data is instantly submitted to companies in Austin who will give you bids for your business. You don’t have to leave your house as quotes are delivered straight to your inbox. If you want to get a price quote for a specific company, don’t hesitate to go to their quote page to submit a rate quote request.

Exclusive or Independent: There is a difference

If you are searching for a reputable agency, it can be helpful to understand the types of agencies that you can select. Insurance policy providers are considered either independent agents or exclusive agents. Either one can provide insurance policies, but it’s good to learn how they are different because it can influence your selection of an agent.

Independent Agencies or Brokers

Independent insurance agents are not limited to a single company so as a result can place your coverage through many companies and find the cheapest rate. If they find a cheaper price, they simply move your policy to a different company which requires no work on your part.

When comparing rate quotes, we recommend you get several quotes from at a minimum one independent agency in order to compare the most rates.

Below is a partial list of independent agencies in Austin who may be able to give you free rate quotes.

6000 N Lamar BlvdAustin, TX 78752(512) 451-6551View Map

8030 N Mopac ExpyAustin, TX 78759(512) 343-0280View Map

4502 S Congress AveAustin, TX 78745(512) 444-4040View Map

More Austin agents

Exclusive Insurance Agencies

These agents normally can only provide a single company’s rates like American Family, State Farm, and Allstate. Exclusive agents are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agents are very knowledgeable on their products and sales techniques which helps them sell on service rather than price.

Shown below are exclusive agents in Austin willing to provide comparison quotes.

730 W Stassney Ln Ste 230Austin, TX 78745(512) 443-9598View Map

4201 W Parmer Ln b170Austin, TX 78727(512) 244-6641View Map

1200 W Howard Ln fAustin, TX 78753(512) 837-8818View Map

More Austin agents

Picking an insurance agency should include more criteria than just a cheap price. Any agent in Austin should be willing to answer these questions.

Once you have received reasonable responses to all your questions and a low price estimate, you’ve probably found a car insurance agent that meets the requirements to adequately provide insurance.

Persistent drivers can save

We just showed you many tips how you can get a better price on Toyota 4Runner insurance in Austin. It’s most important to understand that the more providers you compare, the higher your chance of finding affordable Austin car insurance quotes. You may even discover the best auto insurance rates are with some of the lesser-known companies. Regional companies can often provide lower premium rates in certain areas compared to the large companies like State Farm and Allstate.

When buying insurance coverage, it’s a bad idea to buy poor coverage just to save money. There are too many instances where an insured dropped collision coverage to discover at claim time they didn’t purchase enough coverage. Your goal should be to purchase a proper amount of coverage at a price you can afford and still be able to protect your assets.

More information can be found on the following sites: