Who Has Affordable Lincoln Auto Insurance for a Toyota RAV4?

Buying the cheapest insurance for a Toyota RAV4 can be pretty simple, but it is dependent upon an enormous amount of rating factors such as driver age, your credit rating, and citations or violations on your driving record. Nebraska drivers pay on average $774 per year for RAV4 insurance, but that amount is an estimate calculated based on a 50-year-old married female driver with full comprehensive and collision coverage and $250 deductibles.

But there is a high likelihood that you may not be 50 years old (or even female), possibly single instead of married, or maybe you’re a renter instead of a homeowner. Even a minor difference in rating criteria or coverage limits may result in significant differences in policy price.

Everone’s needs are different, and this illustrates why the best way to find affordable rates for your Toyota is to put in the effort to do a thorough rate comparison. Quotes are free and easy and you will get price quotes from the best companies available.

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Toyota RAV4 Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $178 $324 $282 $16 $84 $884 $74
RAV4 Sport 2WD $178 $324 $282 $16 $84 $884 $74
RAV4 4WD $178 $324 $282 $16 $84 $884 $74
RAV4 Limited 2WD $178 $324 $282 $16 $84 $884 $74
RAV4 Limited 4WD $178 $324 $282 $16 $84 $884 $74
RAV4 Limited 4WD $178 $324 $282 $16 $84 $884 $74
RAV4 Sport 4WD $178 $324 $282 $16 $84 $884 $74
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Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Table data does not factor in specific zip code location which can modify auto insurance rates significantly.

Selecting the top auto insurance provider is difficult considering how many companies there are to choose from in Nebraska. The company rank data below can help you decide which coverage providers you want to consider comparing rate quotes with. The rankings below are for the companies with a significant amount of written premium nationwide, so smaller companies are not factored into this list.

Top Ten Insurance Companies for a Toyota RAV4 in Lincoln, NE
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
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Data Source: Insure.com Best Car Insurance Companies

The illustration below illustrates how your deductible choice can affect insurance rates when searching for cheap insurance for a Toyota RAV4. The rates are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

The data above shows that a 50-year-old driver could lower rates by $286 a year by increasing from a $100 deductible to a $500 deductible, or save $430 by selecting a $1,000 deductible. Even younger drivers, such as the Age 20 example, could drop their prices up to $724 or more by using higher deductibles when buying full coverage.

If you do make the decision to raise your deductibles, it will now be necessary to have enough savings set aside to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Liability rates compared to full coverage

Saving on insurance should be important to the majority of people, and one common way to find cheap insurance for a Toyota RAV4 is to only buy liability coverage. The diagram below visualizes the comparison of premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no claims or driving citations, $250 deductibles, drivers are not married, and no other discounts are factored in.

If we average the cost for ages 20 through 70, comp and collision coverage costs $1,870 per year more than just buying liability only. Many people question if you should buy full coverage. There isn’t a written rule to delete physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your vehicle’s replacement cost is $6,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,500 after the policy deductible has been paid. If you are paying in excess of $550 annually for physical damage coverage, then you may need to consider dropping full coverage.

You may be paying too much for RAV4 insurance

Lincoln, NE insurance rates are influenced by many factors that may substantially change the price you have to pay. Simply having a birthday, becoming a homeowner, or getting a speeding ticket can cause premium changes that can make some companies more affordable than competitors. Additionally, insurance companies amend pricing at least once a year to help ensure profitability. A period of increased losses may result in price increases, while a better loss history can cause more affordable RAV4 insurance rates.

To illustrate this example, the data below shows rates for the cheapest car insurance in Lincoln, NE for a 40-year-old male driver with no prior accidents, a clean driving record, and good credit. When comparing rates based on his current rating profile, Safeco may offer the most affordable car insurance rates in Lincoln at $788 each year. This is $528 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual also make the list of the best Lincoln, NE auto insurance companies.

Let’s now give the driver from above a chargeable claim, slightly worse credit, and a speeding citation. Due to the fact that every insurance company has their own guidelines to set their prices, analyzing rates will most likely result in a substantially altered list of affordable companies as shown below.

Farmers Mutual of Nebraska now has the best price in Lincoln with American National, State Farm, General Casualty, and USAA now being in the top five. This example proves why consumers need to take the time to compare lots of rates when trying to get the most budget-friendly auto insurance rates for a Toyota RAV4.

Prices can be determined by many risk factors and change substantially, so the best company the last time you shopped your coverage around may now be wasting a lot of money.

Ideas for finding low-cost auto insurance for a Toyota RAV4

Here are many money-saving ideas that can help you locate cheap coverage.

The last suggestion is extraordinarily important, as we stressed in the article above. Prices charged by car insurance companies adjust frequently, so don’t be afraid to buy from a new company if a better deal can be had. Brand loyalty is not necessarily bad, but it isn’t a good idea if that loyalty results in overpaying a small fortune. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for a Toyota RAV4 in Lincoln.

The Lincoln car insurance agencies listed below can probably help you decide which coverages are best, since many people would rather get help from a professional when shopping for the best coverage for a RAV4. It’s not always easy to find the cheapest rate yourself, so agents can bring comfort knowing your coverage gives you adequate protection.

To locate a Lincoln car insurance agency close to where you live, click the button after the list or click here to compare price quotes now.

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