Buying the cheapest coverage for a Toyota RAV4 hinges on a complicated rating formula that uses factors such as whether you are a homeower, your residence address, and blemishes on your driving record. Drivers in Texas will pay on average $1,230 per year to insure their RAV4, but that cost is calculated using a 40-year-old married female driver with full coverage and $100 deductibles.
It’s highly likely you are not 40 and maybe not even a female, you might be single instead of married, and maybe you have sub-par credit that needs to be factored in. Just a minor difference in the criteria used to calculate rates may result in significant differences in the price of coverage.
Auto insurance is unique to each driver, so the best way to find the most affordable coverage for your Toyota is to do your own rate comparisons.
Compare Toyota RAV4 Insurance Rates
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| RAV4 Sport 2WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| RAV4 4WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| RAV4 Limited 2WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| RAV4 Limited 4WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| RAV4 Limited 4WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| RAV4 Sport 4WD | $282 | $580 | $400 | $24 | $120 | $1,406 | $117 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific Austin garaging location which can lower or raise prices noticeably.
Comparing quotes for budget car insurance is tough enough, and deciding which insurers offer the most affordable insurance rates for a Toyota RAV4 will require even more work.
Every car insurance company uses a slightly different approach to establish rates, so let’s take a look at the insurance companies that tend to be cheaper in Austin, TX.
Best Auto Insurance Prices for Your Toyota
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,521 |
| 9 | Safe Auto | $1,565 |
| 10 | Nationwide | $1,600 |
| 11 | Allstate | $1,650 |
| 12 | Progressive | $1,698 |
| 13 | Amica | $1,705 |
| 14 | Home State | $2,134 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,161 |
| 17 | Encompass | $2,324 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,646 |
| Get a Custom Quote Go | ||
Travelers offers some of the lowest car insurance rates in Austin at around $1,041 annually. This is $863 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the best Austin, TX car insurance companies.
In the above rates, if you currently have coverage with Germania Mutual and switched to Travelers, you could see a yearly price reduction of roughly $215. Customers with Esurance could save as much as $366 a year, and California Casualty policyholders might lower prices by up to $397 a year.
Bear in mind that those rates are averages for all types of insureds and vehicles and and are not figured with a specific location for a Toyota RAV4. So the car insurance company that is best suited for you may not even be in the top 23 companies shown above. That point stresses why you need to get car insurance quotes using your own individual information.
Full coverage rates compared to liability-only
Paying a lower price for insurance is important to the majority of vehicle owners, and one of the easiest ways to save on the cost of insurance for a Toyota RAV4 is to buy liability only. The information below illustrates the comparison of car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no violations or claims, $250 deductibles, single status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage coverage costs $2,370 per year more than just buying liability only. A very common question is if physical damage coverage is worth the money. There isn’t a steadfast formula for excluding physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s say your vehicle’s replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after paying your policy deductible. If you are paying over $500 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
Low rates can quickly become overpriced
Austin, TX insurance rates are impacted by many factors that control the policy premium. Improving your credit score, buying another vehicle, or getting a DUI may generate price changes that can cause some rates to be cheaper than competitors. Additionally, insurers change premium rates multiple times each year to adjust for unexpected claims or profits. A period of increased losses may cause additional premium costs, while profitable underwriting may produce lower-cost RAV4 insurance rates.
The bar chart below shows the company with the cheapest car insurance in Austin, TX for a 30-year-old male driver with no prior accidents, a clean driving record, and good credit. Based on his current risk factors, Travelers may have the most affordable car insurance rates in Austin at $1,164 a year. This is $740 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also make the list of the cheapest Austin, TX auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim or two, poor credit, and a traffic citation. Because each company has their own process to set their prices, comparing quotes may now show a new list of affordable companies as shown below.
Mercury now has the cheapest auto insurance in Austin, TX with State Farm, USAA, Nationwide, and Safe Auto now being in the top five. This example demonstrates why consumers need to spend some time comparing rates when trying to get the cheapest car insurance rates for a Toyota RAV4.
Insurance prices are impacted by many things and can change substantially, so the lowest-price company the last time you compared rates may now be quite expensive.
The Austin, TX, insurance agents below can help you make a decision which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to get some help when comparing insurance rates for a Toyota RAV4. It can be time-consuming to find the best policy on your own, and getting advice from a licensed Texas insurance agent can give peace of mind knowing you have sufficient coverage for your assets. To find an agent near you, click the link at the bottom.
- Dean Davis Insurance Agency
7950 Anderson Square Suite 101 – Austin, TX 78757 – (512) 454-4511 - Allstate Insurance: Homero Escobar
730 W Stassney Ln Ste 230 – Austin, TX 78745 – (512) 443-9598 - J B Ruebsahm – State Farm Insurance Agent
1901 W William Cannon Dr #131 – Austin, TX 78745 – (512) 444-1845 - Larry Evins – State Farm Insurance Agent
4534 West Gate Blvd #202 – Austin, TX 78745 – (512) 327-0303