Buying economical auto insurance for a Toyota 4Runner in California is fairly simple, but it is dependent upon many factors such as how you use your 4Runner, where your vehicle is garaged, and any prior driving offenses. Drivers in California will pay around $1,292 each year to insure their 4Runner, but that is an approximation calculated using a 40-year-old married female driver with full physical damage coverage and $250 deductibles.
If we were betting, you may not be 40 years old (or even female), you might be single instead of married, or you just want cheap liability insurance instead of full coverage. Even a slight difference in rating criteria could end up with a large change in the price of coverage.
Not everyone needs the same coverages, so the best way to find the cheapest rates for your Toyota is to just compare rates yourself.
Vehicle trim level will influence the yearly cost, so the price you will pay to insure a 4Runner Sport 2WD will cost $238 less than the price to insure the high end 4Runner Limited 4WD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|4Runner Sport 2WD||$332||$464||$394||$24||$118||$1,332||$111|
|4Runner SR/5 2WD||$332||$564||$394||$24||$118||$1,432||$119|
|4Runner Sport 4WD||$332||$564||$394||$24||$118||$1,432||$119|
|4Runner SR/5 4WD||$332||$564||$394||$24||$118||$1,432||$119|
|4Runner Trail Edition 4WD||$370||$664||$394||$24||$118||$1,570||$131|
|4Runner Limited 2WD||$370||$664||$394||$24||$118||$1,570||$131|
|4Runner Limited 4WD||$370||$664||$394||$24||$118||$1,570||$131|
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in specific Oakland garaging location which can alter premium rates substantially.
Comparing rates for cheap auto insurance is not the easiest thing to do, and determining which companies quote the cheapest car insurance rates for a Toyota 4Runner calls for more quotes for comparison. Every insurance provider uses a slightly different approach for establishing rates, so we’ll take a look at the most affordable car insurance companies in Oakland.
We do need to point out that California car insurance rates are determined by lots of factors that will increase or decrease the price you have to pay. This price fluctuation is why consumers need to take the time to perform a complete rate comparison when trying to get cheap car insurance rates for a Toyota 4Runner. Prices are influenced by many different factors and can decrease or increase without notice, so the cheapest rate when you bought your policy may now be quite expensive.
Cheap Insurance Rates for Your Toyota
|Rank||Company||Cost Per Year|
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USAA normally has some of the cheapest car insurance rates in Oakland at around $1,143 annually. Wawanesa, CSAA, Century National, and Nationwide also qualify as some of the more affordable Oakland, CA car insurance companies.
As depicted above, if you are a customer of Century National and switched to USAA, you may realize an annual savings of upwards of $83. Customers with Nationwide may save as much as $120 a year, and 21st Century customers might lower prices by up to $236 a year.
Be aware that those rates are averaged for all types of insureds and vehicles and and are not figured with a specific location for a Toyota 4Runner. So the car insurance company that can offer you the best rate may not even be in the top 24 companies shown above. That emphasizes why you need to get car insurance quotes using your own specific driver and vehicle information.
The example below shows how different deductible levels can increase or decrease insurance rates when searching for cheap insurance for a Toyota 4Runner. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
A 40-year-old driver could lower their car insurance rates by $382 a year by increasing from a $100 deductible up to a $500 deductible, or save $578 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, could shave as much as $1,266 annually by using higher deductibles when buying full coverage.
If you do raise deductibles, it is important to have plenty of discretionary funds to be able to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
How accidents and tickets impact rates
The common sense way to enjoy cheap car insurance prices for a 4Runner is to be a safe driver and avoid accidents and violations. The diagram below illustrates how traffic citations and accident claims can increase insurance costs for each different age group. The rates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of auto insurance per year with no violations or accidents is $2,984. Add in two speeding tickets and the average cost hikes up to $4,040, an increase of $1,057 each year. Now include two accidents along with the two speeding tickets and the annual cost of car insurance for a Toyota 4Runner jumps again to an average of $7,428. That’s an increase of $4,445, or $370 per month, just for not driving safely!
How to get discounts on Oakland car insurance rates
Auto insurance companies that offer quotes for a Toyota 4Runner may provide rate discounts that may potentially lower prices by as much as 40% or more if you meet certain criteria. Larger car insurance companies and their possible discounts can be read below.
- State Farm offers discounts for good driver, Steer Clear safe driver discount, accident-free, multiple autos, and good student.
- GEICO has savings for seat belt use, anti-lock brakes, air bags, anti-theft, and membership and employees.
- Progressive offers discounts including good student, online signing, homeowner, continuous coverage, multi-vehicle, online quote discount, and multi-policy.
- 21st Century may offer discounts for anti-lock brakes, early bird, student driver, air bags, and driver training.
- American Family policyholders can earn discounts including air bags, bundled insurance, Steer into Savings, multi-vehicle, good student, good driver, and TimeAway discount.
- The Hartford may include discounts for anti-theft, bundle, good student, driver training, vehicle fuel type, and defensive driver.
- AAA discounts include multi-policy, AAA membership discount, pay-in-full, good driver, anti-theft, education and occupation, and good student.
The example below illustrates the difference between premium costs with and without discounts being applied to the rates. The costs are based on a male driver, no accidents, no driving violations, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple policy, multiple vehicle, passive restraint, defensive driving course, accident-free, and anti-theft discounts applied. When these discounts are applied, theaverage amount saved on car insurance for a Toyota 4Runner is 27% or $867.