Buying cheap auto insurance for a Toyota 4Runner is pretty easy for most people to do, but it is dependent upon a pretty complex algorithm that uses a lot of factors such as the safety rating of your vehicle, if you have recent claims, and your policy deductibles. Drivers in Louisiana will pay around $1,356 each year to insure their 4Runner, but that figure is calculated based on a 40-year-old married female driver with full coverage and $250 deductibles.
There is a good probability you’re not a 40-year-old female, possibly single instead of married, and maybe your 4Runner just needs liability-only coverage. Having what appears to be a very minor change in rating criteria or coverage limits may result in a big change in policy price.
Car insurance coverage is unique to each driver, so this is why the only way to find cheap insurance rates for your Toyota is to compare as many rates as possible. Quotes are free and you can get rates from top-rated companies that offer coverage in Louisiana.
The trim level of your vehicle will most likely have an effect on the cost of insurance, so the price you will pay to insure a 4Runner Sport 2WD trim level will be $250 cheaper than the insurance cost for the higher-end 4Runner Limited 4WD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|4Runner Sport 2WD||$348||$488||$414||$24||$124||$1,398||$117|
|4Runner SR/5 2WD||$348||$592||$414||$24||$124||$1,502||$125|
|4Runner Sport 4WD||$348||$592||$414||$24||$124||$1,502||$125|
|4Runner SR/5 4WD||$348||$592||$414||$24||$124||$1,502||$125|
|4Runner Trail Edition 4WD||$388||$698||$414||$24||$124||$1,648||$137|
|4Runner Limited 2WD||$388||$698||$414||$24||$124||$1,648||$137|
|4Runner Limited 4WD||$388||$698||$414||$24||$124||$1,648||$137|
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Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can affect coverage prices noticeably.
Finding a high-quality insurance company can be rather challenging considering how many companies provide coverage in Louisiana. The information displayed below could help you analyze which coverage providers to look at when buying insurance for a Toyota 4Runner.
The rankings below are for insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Louisiana or surrounding areas are not included in the list. To compare prices from these top-rated insurers and more, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
How to get discounts on New Orleans auto insurance rates
Insurers that provide coverage for a Toyota 4Runner may provide special discounts that may potentially lower prices by as much as 30% if you meet eligibility requirements. Large car insurance companies and a selection of discounts can be read below.
- Farmers Insurance may include discounts for switch companies, mature driver, pay in full, distant student, and youthful driver.
- Esurance has savings for Switch & Save, renters, anti-lock brakes, safety device, good driver, and multi-policy.
- State Farm offers premium reductions for accident-free, multiple autos, safe vehicle, driver’s education, anti-theft, multiple policy, and student away at school.
- GEICO may have discounts that include federal employee, multi-vehicle, air bags, good student, and driver training.
- Allstate may offer discounts for resident student, good payer, teenSMART discount, auto/life discount, anti-lock brakes, and passive restraint.
The example below visualizes the comparison of insurance premiums with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents, no driving violations, Louisiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, claim-free, multiple vehicle, vehicle safety, homeowner, and defensive driving course discounts applied. When drivers qualify for the discounts, theamount saved on car insurance for a Toyota 4Runner is 28% or $639.
Last year’s bargain might be this year’s rip off
Louisiana car insurance rates are influenced by many factors which can significantly increase or decrease the price you pay. Getting older, filing a claim, or getting a couple of tickets can cause premium changes that can now make some companies cheaper than competitors.
And not only may your rating factors change, but auto insurance companies amend pricing without warning as an adjustment for underwriting gains or losses. Heavier than normal losses can result in a rate increase, while a better loss history can produce lower-priced 4Runner insurance rates.
To help illustrate this point, the graph below shows the cheapest car insurance in New Orleans, LA for a 45-year-old female driver with a clear driving record, no claims, and good financial standing. When quoting prices based on her personal profile, USAA quotes the most affordable car insurance rates in New Orleans at $2,926 each year. This is $512 more than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway also make the list of the cheapest New Orleans, LA auto insurance companies.
Now let’s give the driver from the first rate comparison a chargeable accident, poor credit, and an imperfect driving record. Because every insurance company uses their own calculation for determining rates, comparing insurance quotes may now result in a significantly different list of the cheapest companies as shown below.
Southern Farm Bureau now has the cheapest insurance rate in New Orleans, LA with State Farm, USAA, MetLife, and Safe Auto also having competitive pricing. This example proves why it is so important to compare many different companies when trying to get the best car insurance quotes for a Toyota 4Runner. Car insurance prices are influenced by many risk factors and can increase or decrease at any time, so the lowest-price company when you bought your policy may now be one of the higher cost companies.