Finding cheaper insurance for a Toyota RAV4 is dependent upon an enormous amount of rating factors such as how many miles you drive each year, where your vehicle is garaged, and any driving offenses on your record. Nevada drivers will pay around $798 annually for RAV4 insurance, but that figure is based upon a 50-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.
This brings up the issue that more than likely you are not 50 and maybe not even a female, maybe you are single instead of married, and maybe you want different deductibles. Even a minor difference in rating criteria can make a large difference in the policy cost.
Not everyone needs the same coverages, so the best way to find cheap car insurance rates for your Toyota is to do a thorough rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$184||$334||$290||$18||$86||$912||$76|
|RAV4 Limited 2WD||$184||$334||$290||$18||$86||$912||$76|
|RAV4 Limited 4WD||$184||$334||$290||$18||$86||$912||$76|
|RAV4 Limited 4WD||$184||$334||$290||$18||$86||$912||$76|
|RAV4 Sport 4WD||$184||$334||$290||$18||$86||$912||$76|
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in garaging location in Nevada which can alter insurance rates considerably.
Ending up with a good quality auto insurance company is difficult considering how many choices drivers have in Nevada. The ranking data shown below can help you decide which car insurance companies you want to consider when comparing auto insurance rates for a Toyota RAV4. The rankings below include companies that insure vehicles nationwide, so smaller companies are not taken into consideration for these rankings.
Top 10 Large Auto Insurance Providers Overall in Nevada
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Top Companies for Toyota RAV4 Insurance in Nevada
How accidents and tickets impact rates
One of the best ways to score the most affordable insurance prices in Nevada for a RAV4 is to drive safely and maintain a clean driving record. The chart below shows how violations and accidents influence insurance rates for different ages of insureds. The costs are based on a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.
In the chart above, the average cost of car insurance in Nevada per year with no violations or accidents is $1,467. Factor in two speeding tickets and the average cost jumps to $2,019, an increase of $552 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of insurance for a Toyota RAV4 in Nevada increases to an average of $4,175. That's an increase of $2,707, or $226 per month, just for being a careless driver!
Difference between full coverage and liability only rates
Reducing premiums for insurance is important to the majority of vehicle owners, and a good way to find cheaper insurance for a Toyota RAV4 in Nevada is to buy only liability coverage. The diagram below compares annual premium costs when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no discounts are factored in.
If the expense is averaged for all age categories, full coverage on your policy costs $1,532 per year more than just buying liability only. That raises the question if it's worth it to buy full coverage. There is no written rule to eliminate full coverage, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
A good deal can quickly turn bad
Nevada insurance rates are determined by lots of factors that may substantially change the price you pay for coverage. Simply getting older, adding a teenager to your policy, or having a fender bender can cause premium changes resulting in some companies being cheaper in comparison to the competition.
Also, insurers file new rates every year to adjust for gains or losses. A period of increased losses may result in rate increases, while profitable underwriting may cause more affordable RAV4 insurance rates.
The graph below shows the company with the cheapest car insurance in Nevada for a 45-year-old male driver with a clean driving record, no accidents, and a good credit rating. Based on his personal profile, Travelers has the cheapest car insurance rates in Nevada at $930 annually. This is $644 less than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive are also included in the most affordable Nevada auto insurance companies.
Now we will give the driver in the first chart a claim surcharge, bad credit, and a couple of points charged on his driving record. Because each insurer has their own formula for determining rates in each state, comparing prices may now present a different ranking of cheap Nevada auto insurance companies as shown below.
GEICO now has the cheapest auto insurance in Nevada with USAA, Nationwide, Safeco, and Allied also having competitive pricing. This example demonstrates why Nevada drivers need to compare lots of rates when trying to get the best auto insurance quotes for a Toyota RAV4. Rates are impacted by many different factors and can decrease or increase without notice, so the most economical option when you last compared rates may now be quite expensive.
How to find budget-friendly car insurance for a Toyota RAV4
Lowering your rates is not difficult, and here are a few penny-pinching suggestions that can help drivers get low-cost coverage.
- Improve your credit rating
- Increase physical damage deductibles
- Pay less by remaining claim-free
- Assess whether full coverage is needed
- Drive safe vehicles
- Buying home and auto insurance together can earn discounts
- Shop around for lower rates once a year
The last item on the list is incredibly vital, as we noted in this article. Coverage prices change a lot, so drivers shouldn't be resistant to buy from a new company if you find a cheaper price.
Sticking with a specific company is fine, but it's not a good idea if that devotion results in you overpaying major coinage every year. Now is a great time to compare prices to find cheaper insurance for a Toyota RAV4.