It’s easy to assume that insurance companies don’t want you quoting rates from other companies. Consumers who shop around once a year will presumably switch to a new company because they stand a good chance of finding good coverage at a lower price. A survey found that drivers who make a habit of shopping around saved an average of $3,400 over four years compared to other drivers who didn’t regularly shop around.
If finding the lowest price on Toyota Rav4 insurance is why you’re reading this, knowing how to choose a company and compare auto insurance can make it simple to find affordable coverage.
If you want to save the most money, the best way to find more affordable auto insurance rates in New Orleans is to start comparing prices yearly from different companies that sell auto insurance in Louisiana.
First, get a basic knowledge of how companies price auto insurance and the measures you can take to prevent high rates. Many things that cause rate increases like multiple speeding tickets and poor credit history can be improved by making small lifestyle or driving habit changes.
Second, request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like Progressive or Allstate, while independent agents can quote prices from multiple sources.
Third, compare the new quotes to the price on your current policy to see if a cheaper rate is available in New Orleans. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
Fourth, give notification to your agent or company of your intent to cancel your current coverage and submit a down payment and signed policy application to the new insurer. Don’t forget to place your new proof of insurance certificate along with the vehicle’s registration papers.
The critical component of shopping around is to make sure you’re comparing identical coverage information on each quote request and and to get rate quotes from as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and a thorough selection of prices.
If you have a current insurance policy or just want to save money, you can use this information to lower your rates without sacrificing coverage. Obtaining price quotes for more affordable protection in New Orleans is not as time-consuming as you think. Drivers just need to know the least time-consuming way to compare rate quotes from many different companies.
Best companies for Toyota Rav4 insurance
The companies in the list below provide free rate quotes in Louisiana. To buy the cheapest auto insurance in LA, we recommend you visit several of them in order to find the lowest rates.
Coverage information
The premium table below outlines estimates of coverage costs for Toyota Rav4 models. Having knowledge of how insurance prices are established can help you make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Sport 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Sport 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Sport 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Sport 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 4WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
| RAV4 Limited 2WD | $308 | $624 | $524 | $32 | $158 | $1,646 | $137 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate information does not factor in specific location which can lower or raise price quotes greatly.
Careless drivers pay higher rates
The information below demonstrates how speeding tickets and at-fault claims increase Toyota Rav4 car insurance costs for different age categories. The prices are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are factored in.
Cost difference between full coverage and liability
The illustration below shows the difference between Toyota Rav4 insurance costs when comparing full coverage to liability only. The rates are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There is no clear-cut formula of when to eliminate comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s say your Toyota Rav4 claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after you pay the deductible. If it’s costing in excess of $500 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where removing full coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Discounts can help lower rates on Toyota Rav4 insurance in New Orleans
Insurance can be prohibitively expensive, but there are discounts available that could help you make your next renewal payment. A few discounts will automatically apply when you complete an application, but some need to be manually applied in order for you to get them.
- New Vehicle Savings – Adding a new car to your policy can save you some money because new model year vehicles keep occupants safer.
- Bundle and Save – If you can combine your auto and home policy and insure them with the same company you could get a discount of at least 10 to 15 percent or more.
- Multi-line Discount – If the company offers life insurance, you could get a discounted rate on car insurance if you buy some life insurance too.
- Government Employees – Federal government employees can save as much as 8% with a few auto insurance companies.
- Student Discounts – A discount for being a good student could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
- Switch and Save Discount – Some companies provide a discount for renewing your policy prior to your current Rav4 insurance policy expiring. It’s a savings of about 10%.
- Discount for Home Ownership – Owning your own home or condo may trigger a policy discount on auto insurance since home ownership is proof that your finances are in order.
- Drive Safe and Save – Drivers who avoid accidents could pay up to 40% less than less cautious drivers.
- Seat Belt Discounts – Forcing all vehicle occupants to use their safety belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
- Theft Prevention Discount – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
One last thing about discounts, most discounts do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, you’re out of luck.
The information below compares Toyota Rav4 auto insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, a clean driving record, no claims, Louisiana state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, claim-free, safe-driver, and marriage discounts applied.
Large auto insurance companies and their offered discounts are included below.
- Progressive offers discounts for continuous coverage, online quote discount, multi-vehicle, homeowner, and multi-policy.
- SAFECO includes discounts for safe driver, teen safety rewards, anti-lock brakes, drive less, anti-theft, homeowner, and multi-car.
- American Family discounts include early bird, accident-free, TimeAway discount, Steer into Savings, good driver, mySafetyValet, and air bags.
- MetLife may offer discounts for accident-free, claim-free, defensive driver, good student, and good driver.
- GEICO has discounts for five-year accident-free, federal employee, seat belt use, emergency military deployment, driver training, anti-lock brakes, and multi-policy.
- The Hartford may have discounts that include defensive driver, vehicle fuel type, anti-theft, bundle, driver training, and air bag.
When comparing rates, check with each company or agent to apply every possible discount. Discounts may not be offered everywhere. If you would like to view insurance companies that offer the discounts shown above in Louisiana, click here.
When to get professional advice
When selecting the right insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. You are unique and your insurance should unique, too.
For example, these questions can help discover if your insurance needs might need an agent’s assistance.
- Why am I required to get a high-risk car insurance policy?
- When should I not buy collision coverage?
- How high should my uninsured/underinsured coverage be in Louisiana?
- How do I insure my teen driver?
- Should I rate my vehicle as business use?
- If my car is totaled with they pay enough to replace it?
- Is my teen driver covered when they drive my company car?
- What is PIP insurance?
- What is medical payments coverage?
- Will I be non-renewed for getting a DUI or other conviction?
If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Insurance agents near you
Many people still prefer to visit with an insurance agent and that can be a great decision Good insurance agents can help you choose the best coverages and help you file claims. The biggest benefit of getting online price quotes is that drivers can save money and get lower car insurance rates but also keep your business local. And providing support for local agencies is important especially in New Orleans.
For easy comparison, once you complete this simple form, the coverage information is submitted to local insurance agents who will gladly provide quotes for your insurance coverage. You won’t need to search for an agent since price quotes are sent immediately to you. If you need to compare prices from a specific insurance provider, don’t hesitate to search and find their rate quote page and fill out the quote form the provide.
If you prefer to buy insurance from a reliable insurance agent, it can be helpful to understand the types of insurance agents and how they work. New Orleans agents are either exclusive agents or independent agents. Both provide insurance policies, but it’s important to know the difference in the companies they write for because it may have an impact on buying decisions.
Independent Insurance Agencies or Brokers
Independent insurance agents are not required to write business for one company so they can write business with many different companies enabling the ability to shop coverage around. If you want to switch companies, your policy is moved internally which is easy for the insured.
When comparing insurance rates, it’s a good idea to include price quotes from several independent insurance agents for the best price selection. Many independent agencies also insure through smaller regional carriers that may have much lower rates than larger companies.
Shown below is a small list of independent agencies in New Orleans that can possibly get you cheap rate quotes.
- KTS Insurance Agency
3239 Bienville St – New Orleans, LA 70119 – (504) 371-5519 – View Map - Mid-City Auto Title and Insurance
3328 Bienville St # A – New Orleans, LA 70119 – (504) 827-1845 – View Map - USAgencies Insurance
6003 Bullard Ave #6 – New Orleans, LA 70128 – (504) 517-8884 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel can only place business with one company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive agents are usually well trained in insurance sales which can be an advantage. A lot of people use the same agent primarily because of high brand loyalty rather than having the cheapest rates.
Below is a short list of exclusive insurance agents in New Orleans that are able to give price quotes.
- Charles Hemmans – State Farm Insurance Agent
4611 S Carrollton Ave – New Orleans, LA 70119 – (504) 313-5498 – View Map - Allstate Insurance: John Carbo Jr.
621 Homedale St – New Orleans, LA 70124 – (504) 488-0070 – View Map - Randy Bordlee – State Farm Insurance Agent
4650 General De Gaulle Dr #102 – New Orleans, LA 70131 – (504) 392-9300 – View Map
Finding a good insurance agency requires more thought than just a cheap price quote. Ask your prospective agent these questions:
- Do they review policy coverages at every renewal?
- How experienced are they in personal risk management?
- Does the agent have a valid license to sell insurance in Louisiana?
- What companies can they write with?
- Will the company cover a rental car if your car is getting fixed?
What insurance coverages do you need?
Learning about specific coverages of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.
Auto liability insurance
This can cover damage or injury you incur to other people or property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 15/30/25 which stand for $15,000 in coverage for each person’s injuries, a per accident bodily injury limit of $30,000, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims like medical services, court costs, medical expenses and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible. Louisiana state law requires minimum liability limits of 15/30/25 but you should consider buying more liability than the minimum.
The next chart demonstrates why buying the state minimum limits may not be enough.
Comprehensive protection
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like hitting a deer, damage from a tornado or hurricane, damage from flooding, a tree branch falling on your vehicle and hail damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured or underinsured coverage
Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your Toyota Rav4.
Since a lot of drivers carry very low liability coverage limits (15/30/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages do not exceed the liability coverage limits.
Medical expense coverage
Med pay and PIP coverage kick in for short-term medical expenses like surgery, hospital visits, funeral costs and chiropractic care. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Coverage for collisions
Collision coverage will pay to fix damage to your Rav4 resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like damaging your car on a curb, sustaining damage from a pot hole and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also increase the deductible on your Rav4 to get cheaper collision coverage.
Final considerations
As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There are too many instances where an insured dropped liability limits or collision coverage to discover at claim time that the savings was not a smart move. Your objective should be to get the best coverage possible at a price you can afford, not the least amount of coverage.
You just read a lot of ways to reduce Toyota Rav4 insurance prices online in New Orleans. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding cheaper New Orleans car insurance quotes. You may even find the most savings is with the least-expected company. Regional companies may often insure only within specific states and give better rates as compared to the big name companies such as State Farm and Allstate.
More information is located below:
- Teen Driving Statistics (iihs.org)
- What Insurance is Cheapest for a Company Car in New Orleans? (FAQ)
- Who Has Cheap New Orleans Auto Insurance for High Mileage Drivers? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Drivers Over Age 60 in New Orleans? (FAQ)
- What Car Insurance is Cheapest for First-time Drivers in New Orleans? (FAQ)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)