How Much is Insurance for a Toyota 4Runner in Hawaii?

When writing about shopping for auto insurance, the word “cheap” really shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. It’s a simple fact that cheap auto insurance for a Toyota 4Runner is almost non-existent. We’ll try to make it up to you, because we are going to tell you how you can find car insurance that is cheaper than your current policy.

The chances of buying affordable auto insurance for a Toyota 4Runner in Hawaii depends on lots of different rating factors like whether you own a home, whether or not you garage your vehicle, and violations on your driving record. Hawaii drivers will pay around $710 a year to buy insurance for a Toyota 4Runner, but that is an estimate based on a 50-year-old single male that purchased full physical damage coverage and $500 policy deductibles.

It’s more than likely you may not be 50 years old (or even male), maybe you are married instead of single, and maybe your 4Runner is older and does not require full coverage. Every policy is rated specifically for the driver, so the most reliable way to find cheap insurance prices for your Toyota is to take your time and compare rates from as many companies as possible.

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The trim level of your vehicle will have an impact the cost of insurance, so the rate you pay to insure a 4Runner Sport 2WD model will be $120 less than the price to insure the higher-end 4Runner Limited 4WD trim level, as shown by the rates below.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in garaging location in Hawaii which can change insurance rates significantly.

Determining which company quotes the lowest-priced car insurance rates for a Toyota 4Runner calls for a bit more effort in order to find coverage that fits your buget.

Every car insurance company uses a different method for filing rates in each state, so we’ll go over the most affordable car insurance companies in Hawaii. It’s a good idea to be aware that Hawaii car insurance rates are calculated based on many things that will increase or decrease the cost of a policy. Getting older, buying a home, or getting a ticket for careless driving can trigger rate changes resulting in some companies being affordable when they were higher priced.

Best Auto Insurance Prices for Your Toyota

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USAA generally has some of the cheapest car insurance rates in Hawaii at around $936 each year. State Farm, GEICO, Liberty Mutual, and Progressive also are some of the cheaper Hawaii insurance companies.

In the above rates, if you are currently insured with Liberty Mutual and switched to State Farm, you might see savings of upwards of $329. Drivers with Progressive might save as much as $488 a year, and First of Hawaii policyholders might reduce rates by $808 a year.

If you want to see how much you could save, click here to get a free quote or feel free to get quotes from the companies below.

It’s important to note that these premium estimates are averages for all types of insureds and vehicles and do not take into consideration a specific rating modification for a Toyota 4Runner. So the company that is best for you may not even be shown in the list of companies shown earlier. That points out the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Do you need full coverage?

Finding cheap insurance for a Toyota 4Runner in Hawaii is the goal of most drivers, and one good way to find cheap insurance is to not insure for full coverage. The information below visualizes the comparison of insurance costs with and without physical damage coverage. The data is based on no claims or violations, $250 deductibles, single status, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 2679,807],[‘Age 30’, 1413,447],[‘Age 40’, 1393,415],[‘Age 50’, 1269,389],[‘Age 60’, 1225,383],[‘Age 70’, 1469,509]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota 4Runner in Hawaii’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

If all age groups are averaged, comprehensive and collision coverage on your policy costs an extra $1,575 per year more than just buying liability insurance. That is a large expense which might make you wonder if buying full coverage is worth the money. There isn’t a steadfast formula of when to eliminate physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your vehicle’s settlement value is $10,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $9,000 after you pay the deductible. If it’s costing you more than $900 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some circumstances where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not buy liability only.

How accidents and tickets impact rates

The obvious way to get cheap insurance for a Toyota 4Runner in Hawaii is to drive safely and avoid accidents and keep your driving record clean. The diagram below illustrates how traffic citations and at-fault collisions impact insurance costs for each age group. The premiums are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2183,2381,4005],[‘Age 30’, 1535,1731,3357],[‘Age 40’, 1419,1615,3239],[‘Age 50’, 1245,1441,3067],[‘Age 60’, 1199,1395,3023],[‘Age 70’, 1385,1583,3207]]);var options = {title: ‘Accidents, Violations, and Hawaii Toyota 4Runner Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota 4Runner in Hawaii’,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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the prior example, the average cost of an auto insurance policy per year with no violations or accidents is $1,494. Get written up for one speeding ticket and the average cost jumps to $1,691, an increase of $197 each year. Then add in two accidents along with the one speeding ticket and the annual cost of car insurance for a Toyota 4Runner jumps again to an average of $3,316. That’s an increase of $1,822, or $152 per month, just for not driving carefully!

Who has the cheapest Toyota 4Runner insurance quotes?

There are a variety of different ways to shop around for car insurance in Hawaii, but the most popular are from a non-exclusive or independent agent, an exclusive insurance agency such as Allstate or State Farm, or direct from companies such as Progressive or Geico.

Each way has the same basic process, but buyers should know the differences in how they work.

Independent agencies work with multiple companies and can get rate quotes from all of them. These types of agencies do not work for one specific company and can give you a larger rate selection, which may give you a better overall rate comparison. If you want to switch companies, your policy can be moved and you won’t have to switch agencies.

A captive, or exclusive, agent is only able to write with one company, two of the more popular are a Farmers or Allstate agent. Exclusive agents cannot compare rates from other companies, so keep that in mind.

Choosing to buy car insurance direct means you bypass an independent or exclusive agent and instead buy from a direct company like Geico. Buying car insurance direct may be good for consumers who do not have a need for a risk management assessment and have some degree of understanding of what coverage options they need.

What is the best way to find cheap insurance for a Toyota 4Runner in Hawaii? We’d like to say shopping direct saves money since that prevents the need to pay agent commissions, but in reality, that is not true. A good argument could also be made that an independent agent guarantees the best prices since there are more companies to choose from, but again, it’s not necessarily true. And occasionally, exclusive agents have coverage prices that cannot be met by either independent or direct companies.

Because it’s impossible to say who has the best car insurance rates, the best method to ensure you are not overpaying is to obtain price quotes and compare them. It’s recommended that drivers get price quotes from independent, exclusive, and direct in order to find the best price. For a list of companies offering online discounts, click here to view.