Best Cheap Insurance Quotes for a Toyota RAV4 in Illinois

Best Cheap Insurance Quotes for a Toyota RAV4 in Illinois

Your chances of buying the best cheap auto insurance for a Toyota RAV4 in Illinois depends upon factors like your financial responsibility, the likelihood of vehicle theft, and citations on your driving record. Drivers in Illinois will pay on average $610 each year to insure a RAV4, but that is an estimation based on rates for a 50-year-old married male driver with comprehensive and collision coverage and $500 physical damage deductibles.

There’s a high likelihood you are not 50 and possibly not even male, you might be single instead of married, or maybe you have a speeding ticket or two that will increase rates. There is no one cookie-cutter policy that works for everyone, so the most reliable method for finding the cheapest insurance price for your Toyota is to shop around at every renewal for lower rates.

Cheapest Toyota RAV4 Insurance Rates

Toyota RAV4 Insurance Rates in Illinois
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $128 $232 $250 $14 $76 $700 $58
RAV4 Sport 2WD $128 $232 $250 $14 $76 $700 $58
RAV4 4WD $128 $232 $250 $14 $76 $700 $58
RAV4 Limited 2WD $128 $232 $250 $14 $76 $700 $58
RAV4 Limited 4WD $128 $232 $250 $14 $76 $700 $58
RAV4 Limited 4WD $128 $232 $250 $14 $76 $700 $58
RAV4 Sport 4WD $128 $232 $250 $14 $76 $700 $58
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rates do not factor in garaging location in Illinois which can affect insurance rates greatly.

Selecting a highly-rated insurance provider is hard considering how many companies are available to choose from in Illinois. The ranking data shown below could help you select which providers to look at when shopping car insurance rates for a Toyota RAV4. The ratings below only include the companies with a significant amount of written premium nationwide, so companies that only write business in Illinois or surrounding areas will not be included in these rankings.

Top Car Insurance Companies in Illinois
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
Mercury Insurance 87 95 87 84% A+ 88.3
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies

Does it make sense to buy full coverage?

Finding the best cheap insurance for a Toyota RAV4 in Illinois is important to most vehicle owners, and one of the best ways to save on the cost of insurance is to not pay for full coverage. The illustration below illustrates the difference between insurance rates with full phyical damage coverage and with liability coverage only. The rate quotes are based on no claims or violations, $250 deductibles, marital status is single, and no discounts are factored in.

If we average all the age groups together, physical damage coverage on your policy costs an additional $1,630 per year more than just insuring for liability. That is a large expense which might make you wonder if you should buy full coverage. There isn’t a written rule of when to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s replacement cost is $10,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $9,000 after paying your deductible. If premiums are more than $900 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some conditions where dropping full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Which major car insurance company is best?

When it comes to insurance for a RAV4 in Illinois, probably the best companies to start with are State Farm, Progressive, Geico, and Allstate. When combined, they have about half of all policies written. The table below compares some of the ratings and options that are available for customers.

Largest Car Insurance Companies Compared
State Farm Progressive Geico Allstate
Claims Rank 2nd 4th 3rd 1st
Price Ranking 2nd 3rd 1st 4th
Customer Satisfaction 4th 3rd 1st 2nd
Discounts Offered 3rd 4th 2nd 1st
Market share percentage 18.3% 8.8% 11.4% 10%
Rating from A.M. Best A++ A+ A++ A+
S&P financial rating AA AA AA+ AA-
Accident forgiveness coverage No Yes Yes Yes
Mechnical breakdown No Yes Yes No
Emergency roadside assistance Yes Yes Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
New car replacement coverage No No No Yes
Usage-based insurance Yes Yes No Yes
Offered in Illinois Yes Yes Yes Yes
Insurance Agents Only from State Farm agents Buy online or from an independent agent From a Geico agent or online Only buy from Allstate agents
Number of agents 18,000+ 30,000+ 150+ 11,000+
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Who has the cheapest Toyota RAV4 insurance quotes?

Drivers have a lot of different ways to shop for and buy car insurance in Illinois, but the most frequently used methods are from a captive (or exclusive) agent such as Liberty Mutual or Allstate, an independent insurance agent, or from a direct company like Progressive.

You can use whichever method you prefer, but they are slightly different in how they work.

Independent insurance agents have contracts with many companies and can provide price quotes from every one. These types of agencies are not employed by one specific company and can compare multiple rates, which may provide you with the best shot at cutting your rates. If you want to switch companies, they can switch companies in-house without having to get a different agent.

Exclusive agents are only able to quote your policy with one company, two of the more popular are Allstate and Liberty Mutual agents. Exclusive agents are unable to shop your coverage around, so you might not find the best rates.

Choosing to buy car insurance direct means you forego either of the other two types of agents and instead shop from a direct company like Progressive. This car insurance option is good for drivers who have fewer assets and have a good understanding of the limitations of their policy.

Out of those three methods, which one works best to buy the best cheap insurance for a Toyota RAV4 in Illinois? The quick answer would be shopping direct saves the most money because there isn’t an agent involved, but that is not always the case. And we’d like to say an independent agent can save the most money since they can quote with many companies, but that’s not always true, either. And occasionally, exclusive agents have price quotes that cannot be met by either independent or direct companies.

Due to that fact that car insurance uses so many rating variables, the one way to ensure you are not overpaying is to get rate quotes and compare. If you have the time, get rate quotes from all three to have a good selection of rates to choose from. For a list of companies with cheap rates in Illinois, click here to view.