Cheapest Insurance for a Toyota RAV4 in Minnesota

Our editors have a joke that when writing about car insurance, the word affordable should not appear anywhere in the article. It’s just reality that cheap auto insurance for a Toyota RAV4 does not exist. Don’t let that spoil your day, because we will show you how you can still get car insurance that is affordable.

The odds of finding the best cheap coverage for a Toyota RAV4 in Minnesota relies on an enormous amount of factors such as how safe your vehicle is, whether or not you are currently insured, and whether or not you are a good driver. Drivers on average pay approximately $780 each year for RAV4 insurance, but that figure is a ballpark figure based on rates for a 50-year-old single male driver that includes comprehensive and collision coverage and $1,000 deductibles.

But there is a good chance that you aren’t exactly 50 years old or even a male, maybe you are married instead of single, and you possibly have other drivers on your policy that need factored in. This illustrates why your best shot at finding cheap insurance prices for your Toyota is to shop your policy around at every renewal. In just a couple of minutes you will be able to compare rates from the cheapest companies around.

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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in zip code location which can raise or lower coverage rates substantially.

What is the best auto insurance company in Minnesota?

Ending up with the highest-rated insurance provider is difficult considering how many companies sell coverage in Minnesota. The company ratings shown next could help you analyze which providers to look at when comparing rates. The ratings below are for companies that write coverage in many states, so companies with more of a regional focus are not taken into consideration for the list.

The diagram below demonstrates how choosing different deductibles can change insurance costs when trying to find cheap insurance for a Toyota RAV4. The price estimates are based on a single male driver, full coverage, and no discounts are factored in.

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A 30-year-old driver could cut expenses by $350 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $530 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old example, have the ability to save $1,028 annually by choosing a larger deductible amount. When increasing deductibles, it is necessary to have emergency funds available to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

How to get discounts on Minnesota car insurance rates

Insurance providers that offer the cheapest insurance for a Toyota RAV4 in Minnesota could also offer premium discounts that may potentially lower prices by 25% or more if you can meet the requirements. A list of auto insurance companies and the discounts they provide are included below.

The chart below compares annual premium costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no claims or driving violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, vehicle safety, homeowner, safe-driver, defensive driving course, and multiple policy discounts applied. With discounts applied, the the amount saved on auto insurance for a Toyota RAV4 is 13% or $191.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 3019,2169],[‘Age 30’, 1583,1151],[‘Age 40’, 1553,1125],[‘Age 50’, 1415,1029],[‘Age 60’, 1371,995],[‘Age 70’, 1687,1217]]);var options = {title: ‘Insurance Rate Comparison for a Toyota RAV4’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota RAV4’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Find the cheapest insurance for a Toyota RAV4 in Minnesota

It’s not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help Minnesota drivers find more affordable auto insurance.

• Having at-fault accidents will increase rates
• Serious violations like DUI or reckless driving can increase rates dramatically
• Do not pay for comprehensive and collision coverage on older vehicles
• Safer vehicles cost less to insure
• Save money by bundling your home and auto policies
• Too many claims can make car insurance unaffordable
• Compare rates regularly to ensure the best deal

That final tip is remarkably valuable, as we pointed out in the prior article. Car insurance prices adjust often, so don’t be hesitant to switch companies if you find a cheaper price. Staying with the same car insurance company is fine, but it’s not a great idea if that faithfulness ends up costing you a lot of money. Now is a great time to compare prices to find cheaper insurance for a Toyota RAV4.

State Farm, Progressive, Allstate, and Geico compared

If you want the best insurance for a RAV4 in Minnesota, the first places to look would be State Farm, Progressive, Allstate, and Geico. Combined they insure almost half of all vehicles in the U.S.. Each company has a slightly different set of options and discounts that buyers can choose from. The table below breaks down pricing and service ratings, plus some optional coverages shoppers can find with each company.