Best Cheap Insurance for a Toyota RAV4 in North Carolina

When discussing auto insurance, the words cheap or affordable should not be used anywhere in the article as a descriptor for car insurance rates. Notwithstanding, cheap auto insurance for a Toyota RAV4 is not easy to find. But fear not, because we are going to tell you how you can get auto insurance that is considered budget-friendly.

Your odds of finding cheap insurance for a Toyota RAV4 in North Carolina depends on lots of different factors like how you use your RAV4, your current insurance company, and your motor vehicle report. North Carolina drivers will pay on average $820 a year to insure a Toyota RAV4, but that cost is an estimate based on a 30-year-old married female driver that included full comprehensive and collision coverage and $100 deductibles.

But there is a high likelihood that you are not 30 years old and maybe not even female, possibly single instead of married, and you might want liability-only or different deductibles. Even a minor difference in price quote data can precipitate large changes in rate quotes.

Every policy is rated specifically for the driver, so your best chance at finding the cheapest insurance price for your Toyota is to take your time and compare rates from as many companies as possible.

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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can influence premium rates noticeably.

Comparing quotes for reasonably-priced insurance is not most people’s favorite thing to do, and figuring out which insurers offer the most affordable auto insurance rates for a Toyota RAV4 will involve more quotes for comparison.

Every car insurance company has a different formula for setting prices, so let’s rank the auto insurance companies that tend to have lower prices in North Carolina. It’s a good idea to be aware that North Carolina auto insurance rates are impacted by many factors which can substantially decrease or increase the price you pay. Turning one year older, moving across town, or having an accident may generate price changes that can cause some rates to be cheaper than competitors.

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Progressive may have some of the most affordable car insurance rates in North Carolina at around $658 per year. Utica National, Liberty Mutual, GEICO, and Titan are also some of the lowest-priced North Carolina insurance companies.

In this example, if you are a customer of GEICO and switched to Progressive, you might realize an annual premium reduction of around $62. Drivers with Titan might save as much as $71 a year, and NC Farm Bureau insureds might see rate reductions of $79 a year.

To compare your rates to other North Carolina insurance companies, click here to start your free quote or feel free to get quotes from the companies below.

Bear in mind that those premium estimates are averages across all ages of drivers and types of vehicles and are not factoring in a specific rating modification for a Toyota RAV4. So the insurer that fits your needs best may not even be included in the above rate chart. That point stresses why you need to compare prices as often as possible using your own driver and vehicle profiles.

Does it make sense to buy full coverage?

Finding the best cheap insurance for a Toyota RAV4 in North Carolina is the goal of the majority of vehicle owners, and an easy way to find cheaper insurance is to buy liability only. The example below illustrates the difference between car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no policy discounts are applied.

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If averaged out across all ages, physical damage insurance costs $1,557 per year more than just buying liability only. At some point, every insured wonders if physical damage coverage is worth the money. There is no set rule to stop buying comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s say your vehicle’s book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your policy deductible. If premiums are more than $700 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some cases where buying only liability insurance is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Find the best cheap insurance for a Toyota RAV4 in North Carolina

It is possible to find better rates, and here are many thrifty solutions that can help you locate lower-cost coverage.

• Be a cautious driver
• Clean up your credit rating
• Prevent rate increases by staying accident-free
• Frequent claims may make car insurance unaffordable
• Vehicles with safetly features generally cost less to insure
• Compare prices frequently to find the best deal

The last item on the list is extremely valuable, as was pointed out in the article above. Insurance rates can change considerably in a year, so don’t be afraid to switch companies if you find a better deal.

Having a favorite company is fine, but we do not recommend it if that faithfulness ends up costing you a small fortune. It takes less than five minutes to compare prices to find cheaper car insurance for a Toyota RAV4.