Finding competitive auto insurance for a Toyota RAV4 depends on lots of different rating factors such as how safe your vehicle is, if you have prior claims, and your choice of deductibles. Drivers in Minnesota pay around $1,076 each year for RAV4 insurance, but that cost is an approximation based upon a 50-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
It’s more than likely you’re not a 50-year-old male, married instead of single, or maybe you are just looking for cheap liability insurance. Having just a slight change in the rating criteria used to formulate rates can result in a massive change in the price of a policy.
There is no one cookie-cutter policy that works for everyone, so the way we recommend to find the cheapest coverage for your Toyota is to do a thorough rate comparison. It only takes a few minutes and you will receive price comparisons from the best companies that insure Toyota vehicles in Minnesota.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$234||$508||$358||$22||$108||$1,230||$103|
|RAV4 Limited 2WD||$234||$508||$358||$22||$108||$1,230||$103|
|RAV4 Limited 4WD||$234||$508||$358||$22||$108||$1,230||$103|
|RAV4 Limited 4WD||$234||$508||$358||$22||$108||$1,230||$103|
|RAV4 Sport 4WD||$234||$508||$358||$22||$108||$1,230||$103|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in specific location which can revise auto insurance rates greatly.
Determining which insurers offer the cheapest insurance rates for a Toyota RAV4 involves a little more sweat than just picking a company at random. Every insurance company used slightly different criteria for filing rates in each state, so let’s take a look at the most budget-friendly insurance companies in Minneapolis, MN.
We do need to point out that Minneapolis insurance rates are calculated based on many things which can substantially change the policy premium. Improving your credit rating, buying higher coverage limits, or getting a reckless driving citation can trigger price changes resulting in some rates now being cheaper than competitors.
Best Auto Insurance Prices for Your Toyota
|Rank||Company||Cost Per Year|
|3||Farm Bureau Mutual||$837|
|6||West Bend Mutual||$981|
|13||Auto Club Group||$1,352|
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Travelers offers some of the lowest car insurance rates in Minneapolis at around $667 each year. USAA, Farm Bureau Mutual, The Hartford, and Western National also qualify as some of the best Minneapolis, MN insurance companies.
As shown above, if you are insured with Western National and switched to USAA, you might achieve a yearly price reduction of roughly $106. Insureds with West Bend Mutual could save as much as $150 a year, and Allied policyholders might cut rates by $379 a year.
Remember that these premiums are averaged for all drivers and vehicles in Minnesota and are not factoring in an exact zip code location for a Toyota RAV4. So the insurer that fits your needs best may not even be in the top 24 companies in the list above. That illustrates why you need to compare prices as often as possible using your own individual information.
Get discount Minneapolis car insurance rates
Car insurance companies that offer coverage for a Toyota RAV4 may also give you discounts that could reduce prices by as much as 40% or more if you meet specific criteria. A few of the larger companies and some of their more popular discounts are:
- GEICO offers discounts including daytime running lights, air bags, federal employee, multi-policy, and anti-lock brakes.
- Auto-Owners Insurance offers discounts for safe driver, anti-theft, anti-lock brakes, multiple vehicles, teen driver, paperless, and safe vehicle.
- American Family policyholders can earn discounts including Steer into Savings, early bird, defensive driver, accident-free, bundled insurance, and good driver.
- Esurance offers premium reductions for online shopper, online quote, defensive driver, emergency road assistance, homeowner, safety device, and Pac-12 alumni.
- Progressive has savings for homeowner, continuous coverage, multi-policy, good student, online signing, and multi-vehicle.
- State Farm includes discounts for multiple policy, good driver, Steer Clear safe driver discount, student away at school, and Drive Safe & Save.
- AAA may offer discounts for AAA membership discount, good driver, multi-policy, multi-car, pay-in-full, and anti-theft.
The diagram below shows the difference between insurance costs with and without discounts applied to the policy premium. The premiums assume a male driver, a clean driving record, no at-fault accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, marriage, multiple policy, claim-free, passive restraint, and accident-free discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on insurance for a Toyota RAV4 is 28% or $598.
Why you should be shopping around
Minneapolis, MN insurance rates are based on many factors that can increase the cost of having a policy. Simply getting older, increasing liability limits, or getting a few speeding tickets may cause policy rate changes resulting in some rates now being more affordable than the competition. Not only may your situation change, but auto insurance companies modify pricing every year or even multiple times each year in order to be able to pay unexpected claims. A period of increased losses may cause higher priced premiums, while a better loss history can result in lower-priced RAV4 insurance rates.
The chart below shows a variety of companies that have the cheapest car insurance in Minneapolis, MN for a 45-year-old male driver with no prior claims, no tickets, and good credit. Based on his personal risk profile, Travelers may have the best car insurance rates in Minneapolis at $931 annually. This is $490 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford are the remaining best Minneapolis, MN auto insurance companies.
The next chart shows rates after we give the driver from above a couple of claims, bad credit, and an imperfect driving record. Since each auto insurance company uses their own calculation to set premium rates, analyzing rate quotes will most likely result in a completely different list of the cheapest companies as shown below.
Farm Bureau Mutual now has the cheapest price in Minneapolis with Allied, USAA, Western National, and State Farm now being in the top five. This example proves why drivers need to perform a complete rate comparison to find the most economical auto insurance rates for a Toyota RAV4.
Auto insurance prices are determined by many different factors and can decrease or increase without notice, so the cheapest company the last time you checked may now be an over-priced policy.
How to find more affordable car insurance for a Toyota RAV4
Below you’ll find some of the recommended thrifty suggestions that can help Minnesota drivers locate lower-cost auto insurance.
- If possible, pay for small claims out-of-pocket
- Avoid accidents
- Get cheaper liability coverage by choosing a safer vehicle
- Drive safely
- Save money by bundling your home and auto policies
- Comparison shop at least every other year
That final tip is extraordinarily important, as we emphasized in this article. Rates fluctuate constantly, so don’t be unwilling to switch companies if a lower price can be found.
Being loyal to a particular company is commendable, but it’s not a good idea if that loyalty ends up costing money that could be spent on other things. If you have a few minutes, now is a great time to compare rates to find cheaper insurance for a Toyota RAV4 in Minneapolis.
The agents listed below are a good start to aid you in deciding which policy fits your needs best, as some people prefer to get some professional input when buying car insurance for a RAV4. It can be complicated to find the cheapest car insurance policy, and insurance agents licensed in the state of Minnesota can provide you peace of mind knowing your policy gives you enough protection. To locate a Minneapolis insurance agent in your neighborhood, click the link after the list or click here to compare prices now.
Bernie Glover Insurance Agency
2520 Lowry Ave N – Minneapolis, MN 55411 – (612) 522-6531
John Arens – State Farm Insurance Agent
3259 Johnson St NE – Minneapolis, MN 55418 – (612) 781-3454
Criterion Insurance Agency
3300 Fernbrook Ln N #170 – Minneapolis, MN 55447 – (800) 701-5909
Allstate Insurance: Lois A. Castaneda
127 W Grant St, # C – Minneapolis, MN 55403 – (612) 871-6830
Allstate Insurance: Ed Scislow
5208 Bloomington Ave – Minneapolis, MN 55417 – (612) 353-5410