Yahoo Autos RAV4 Insurance Cost: Everything You Need to Know
How Much Is Toyota RAV4 Insurance?
A relatively safe crossover, the Toyota RAV4 offers affordable insurance rates. Expect to pay about $1324 annually in insurance for a 2020 model or $110 per month for full coverage. This is about $195 less annually compared to the national average. Liability-only coverage is about $531 annually or $44 each month. Monthly insurance for the RAV4 hybrid is $96.
What Factors Affect RAV4 Insurance?
Two important factors that play a part in your Toyota RAV4 insurance costs involve your location and your vehicle's trim level. The vehicle's age also factors into the price, as rates are higher for newer models. As mentioned, according to BuyAutoInsurance.com, the average annual rate for a 2020 RAV4 is $1324, but a 2010 RAV4 is $1104, which is a difference of $220. Examine the full-coverage rates of the RAV4 over the past 10 years:
2020 Toyota RAV4: $1324
2019 Toyota RAV4: $1310
2018 Toyota RAV4: $1304
2017 Toyota RAV4: $1300
2016 Toyota RAV4: $1284
2015 Toyota RAV4: $1268
2014 Toyota RAV4: $1238
2013 Toyota RAV4: $1208
2012 Toyota RAV4: $1166
2011 Toyota RAV4: $1124
2010 Toyota RAV4: $1104
Your age is another consideration, as younger drivers will pay more since they're considered high-risk drivers. According to BuyAutoInsurance.com, a 20-year-old driver will pay about $1620 more each year compared to a 30-year-old driver. Teenage drivers pay about $4839 annually.
Your location has an impact, as drivers in a more populous area will pay more than those in rural spots. A driving record affects the rates, and teens and those in their 20s experience the highest jump in their rates if they have violations. BuyAutoInsurance.com states that good drivers can save about $546 annually from policy discounts based on their driving behavior.
RAV4 safety features can also help you lower your costs as the 2020 models have some of the following safety features:
Air bags
Blind-spot monitor
Brake assist
Cross-traffic alert
Daytime running lights
Electronic stability control
Four-wheel anti-lock brake system
Lane departure warning
Traction control
What Insurers Offer Some of the Best Rates for the RAV4?
Although dozens of insurers offer car insurance for the RAV4, the following companies are ones you might want to consider:
GEICO: As the second-largest insurer in the country, GEICO boasts some of the best customer service and rates in the industry. The company offers emergency roadside service, accident forgiveness, and ride-sharing insurance if you drive for Uber or Lyft.
Erie: Even though it's only offered in 12 states, this is a strong option as it offers a variety of customer perks, including accident forgiveness, glass repair, travel expense coverage, and locksmith service.
Progressive: This company offers numerous discounts and add-ons that make it a solid choice. Although it's not usually the cheapest option, Progressive makes up for it with a huge list of benefits, such as gap insurance, pet injury protection, and a program where you can opt in to reduce your deductible over time.
How Can You Lower Your RAV4 Insurance?
To reduce the cost of your insurance on your RAV4, consider doing some of the following:
Purchase an older RAV4. As mentioned, older vehicles have cheaper rates.
Pay your car insurance bill upfront. Some insurers give you a discount for paying your six-month or annual premium in full.
Ask about discounts. Similarly, ask your agent if you might qualify for other discounts. For instance, if your new RAV4 has advanced safety features, such as blind-spot monitors or collision avoidance, you might receive discounts through safety programs issued by your insurer.
Practice safe driving. This one might seem obvious, but insurers tend to increase costs if you've been an at-fault driver in an accident.
