Cheap Insurance for a Toyota Land Cruiser in Lincoln

A recent survey discovered that about 70% of customers renewed their policy with the same company for at least the last four years, and about 40% of consumers have never compared rates with other companies. Lincoln consumers could pocket up to $400 a year by just shopping around, but most just don’t grasp the rate savings if they bought a different policy.

If your goal is the lowest price, then the best way to find affordable car insurance rates in Lincoln is to regularly compare prices from companies in Nebraska. You can compare rates by following these steps.

• First, read about how companies price auto insurance and the measures you can control to drop your rates. Many rating factors that result in higher rates such as traffic violations, accidents, and an unfavorable credit rating can be eliminated by making minor driving habit or lifestyle changes.
• Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like GEICO and Allstate, while agents who are independent can provide price quotes from many different companies.
• Third, compare the new rates to your current policy to determine if switching companies saves money. If you find a better price and switch companies, make sure there is no lapse in coverage.
• Fourth, tell your current agent or company to cancel your current coverage and submit a down payment along with a signed application to the new insurer. As soon as coverage is bound, put the new certificate verifying proof of insurance somewhere easily accessible.

The key thing to know about shopping around is to use the same level of coverage on each quote request and and to get quotes from as many auto insurance providers as possible. This provides the most accurate price comparison and and a good selection of different prices.

Toyota Land Cruiser Insurance Premium Factors

The best way to find cheaper auto insurance is to take a look at the factors that go into determining the level of your policy premiums. When consumers understand what impacts premium levels, this enables informed choices that may reward you with much lower annual insurance costs. Many factors are used in the calculation when pricing auto insurance. Some are pretty understandable like an MVR report, although some other factors are less obvious such as your marital status or how safe your car is.

Marriage reduces risk – Having a significant other may earn you lower rates on your auto insurance policy. It translates into being more mature and responsible and statistics prove being married results in fewer claims.

Discounts for GPS tracking and theft deterrents – Selecting a car model that has a built-in theft deterrent system can help lower your premiums. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.

Lower miles driven equals lower premium – The higher the mileage driven annually the higher your rate. Many insurance companies calculate prices determined by how the vehicle is used. Cars left parked in the garage receive better premium rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Land Cruiser can cost quite a bit. Double check that your auto insurance policy states the proper vehicle usage.

Guys tend to take more risk – Over time, data shows females are less aggressive when driving. This data doesn’t prove that females are better drivers. Males and females are in auto accidents in similar numbers, but the men tend to have more serious accidents. They also get cited for more serious violations like reckless driving and DUI.

The illustration below shows the comparison of Toyota Land Cruiser insurance premiums for male and female drivers. The rate quotes are based on no claims or driving violations, full coverage, $1,000 deductibles, drivers are not married, and no discounts are applied.

Physical damage deductibles – Physical damage protection, aka comp and collision, is used to repair damage to your vehicle. Some examples of claims that would be covered are colliding with a building, hitting a deer, or theft. Comprehensive and collision coverage deductibles are the amount of money you are willing to pay out-of-pocket if the claim is covered. The more money you are required to pay out-of-pocket, the lower your rates will be.

Small claims can cost you – Auto insurance companies in Nebraska award lower rates to drivers who are not frequent claim filers. If you’re an insured who likes to file claims you can look forward to higher premiums or even policy non-renewal. Your insurance policy is designed for major claims that would cause financial hardship.

Safety ratings are a factor – Vehicles with high crash test scores get lower rates. Highly rated vehicles reduce the chance of injuries and lower rates of occupant injuries means lower claim amounts and more competitive rates for policyholders. If your Toyota has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.

Toyota Land Cruiser claim probability – Companies analyze historical claim data to determine a rate that will be profitable for them. Models that the data shows to have higher frequency or amount of claims will cost more for specific coverages. The table below illustrates the historical insurance loss data for Toyota Land Cruiser vehicles.

For each coverage category, the claim probability for all vehicles, regardless of manufacturer or model, is a value of 100. Values under 100 suggest a better than average loss history, while percentage numbers above 100 indicate frequent claims or larger claims.

Most of the larger companies allow consumers to get prices for coverage directly from their websites. Doing online price comparisons for Toyota Land Cruiser insurance in Lincoln is quite simple as you just enter your coverage preferences into the quote form. Behind the scenes, their system automatically retrieves your driving and credit reports and returns a price.

This streamlines rate comparisons, and it’s also necessary to get many rate quotes if you are searching for a better rate.

To find out how much you can save on auto insurance, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you copy your coverages identical to your current policy. This guarantees you will have a rate comparison for similar insurance coverage.

The providers in the list below are our best choices to provide free quotes in Lincoln, NE. If you want the best cheap auto insurance in NE, it’s a good idea that you visit two to three different companies to get the cheapest price.

Rates and statistics

The price information displayed below highlights a range of coverage costs for Toyota Land Cruiser models. Having a good understanding how insurance policy rates are calculated is important for making smart buying decisions.

Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium costs do not factor in vehicle garaging location which can affect insurance rates greatly.

Higher deductibles save money

When buying insurance, a common question is where to set your physical damage deductibles. The rates below show the differences in premium rates between high and low deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in specific garaging location which can increase or decrease premiums significantly.

Based on these figures, using a $100 deductible costs an average of $30 more each month or $360 each year averaged for all Land Cruiser models than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 13 months between claim filings, you would save more money going with the higher deductible.

One thing to note is that raising deductibles to get cheaper rates means you pay more out-of-pocket when you have a physical damage claim. That will force you to have enough money put aside in the event you need to pay more for the deductible.

Insurance rate increases from tickets or accidents

The diagram below highlights how traffic violations and accident claims influence Toyota Land Cruiser car insurance costs for each age group. The costs are based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Toyota Land Cruiser liability rates compared to full coverage

The diagram below illustrates the difference between Toyota Land Cruiser insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The costs are based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop paying for full coverage

There is no exact formula to stop buying full coverage, but there is a general convention. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Toyota Land Cruiser replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after you pay the deductible. If you are paying over $400 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not financially feasible. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Insuring your Land Cruiser just makes sense

Despite the high cost, buying insurance is a good idea for several reasons.

• Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection in order to license the vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Toyota Land Cruiser, it’s most likely the lender will require that you have full coverage to protect their interest in the vehicle. If the policy lapses, the lender may insure your Toyota at a much higher rate and make you pay a much higher amount than you were paying before.
• Insurance protects both your assets and your Toyota Land Cruiser. Insurance will also pay for medical bills for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay attorney fees if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of having insurance more than offset the price you pay, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is overpaying more than $700 annually so you should quote rates every year to make sure the price is not too high.

Discount Lincoln auto insurance rates

Some companies don’t always advertise their entire list of discounts very well, so the list below details some of the best known and the more hidden auto insurance savings.

• Early Switch Discount – A few larger companies offer discounts for buying a new policy before your current coverage expires. This can save 10% or more.
• Discounts for Multiple Vehicles – Buying a policy with all your vehicles with one company qualifies for this discount.
• Driver’s Education for Students – Have your child complete a driver education course as it can save substantially.
• E-sign – Certain insurance companies will discount your bill up to fifty bucks for buying your policy digitally online.
• Multi-policy Discount – If you combine your auto and homeowners policies with the same company you could get a discount of at least 10% off all policies.
• Low Mileage – Driving less can qualify you for discounted prices on garaged vehicles.
• Own a Home and Save – Just owning your own home can get you a discount because it shows financial diligence.
• Waiver for an Accident – This one is not really a discount per se, but some insurance companies will turn a blind eye to one accident before your rates go up with the catch being you have to be claim-free for a particular time prior to the accident.
• Military Rewards – Being deployed in the military can result in better auto insurance rates.
• Professional Organizations – Joining qualifying employment or professional organizations can get you a small discount when shopping for auto insurance.

While discounts sound great, it’s important to understand that most discounts do not apply to the overall cost of the policy. Most only apply to individual premiums such as medical payments or collision. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

The illustration below visualizes the comparison of Toyota Land Cruiser yearly insurance costs with and without discounts. The prices are based on a male driver, no tickets, no at-fault accidents, Nebraska 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 homeowner, marriage, safe-driver, claim-free, multi-car, and multi-policy discounts applied.

A list of auto insurance companies and some of their more popular discounts are:

• Esurance may offer discounts for emergency road assistance, Pac-12 alumni, anti-theft, online shopper, and good student.
• The Hartford may include discounts for bundle, defensive driver, air bag, anti-theft, and driver training.
• AAA has savings for good student, good driver, multi-policy, anti-theft, AAA membership discount, multi-car, and pay-in-full.
• GEICO policyholders can earn discounts including driver training, emergency military deployment, federal employee, anti-lock brakes, and anti-theft.
• State Farm may have discounts that include Drive Safe & Save, student away at school, multiple policy, Steer Clear safe driver discount, good driver, and good student.

If you need lower rates, check with each company or agent to apply every possible discount. Some discounts may not apply to policies everywhere. To locate insurers with the best Toyota Land Cruiser insurance discounts in Nebraska, click here to view.

Local neighborhood Lincoln car insurance agents

A small number of people just prefer to visit with an insurance agent and that is a smart decision Agents can answer important questions and help file insurance claims. One of the best bonuses of getting online price quotes is the fact that drivers can get the best rates but also keep your business local.

Upon completion of this quick form, your information is immediately sent to agents in your area that give free quotes for your insurance coverage. You won’t need to search for any insurance agencies since price quotes are sent immediately to your email address. If you want to compare rates from one company in particular, don’t hesitate to visit that company’s website and give them your coverage information.

Deciding on an insurer should depend on more than just the bottom line cost. Ask your prospective agent these questions:

• Are there any hidden costs in their price quote and does it include driving and credit history?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Are they actively involved in the community?
• Do they offer accident forgiveness?
• If your car is totaled, how to they determine the replacement cost?

When finding an insurance agent, there are a couple of types of agencies and how they operate. Agents in Lincoln are classified as either exclusive or independent agents depending on their company appointments. Both can properly insure your vehicles, but it is a good idea to know the difference in the companies they write for because it can impact the selection process.

Exclusive Insurance Agencies

These agents write business for a single company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They are unable to give you multiple price quotes so they have no alternatives for high prices. These agents are very knowledgeable on their products and sales techniques which aids in selling service over price. Some people will only buy from the same agent for years primarily because of the brand legacy and the convenience of having all coverages with one company.

Shown below are exclusive insurance agents in Lincoln that can give you comparison quotes.

• Allstate Insurance: Earnest and Associates, Inc
  4221 O St – Lincoln, NE 68510 – (402) 488-0955 – View Map
• State Farm: Shawn Kreifels
  570 Fallbrook Blvd #111 – Lincoln, NE 68521 – (402) 435-2250 – View Map
• Nicole Simon – State Farm Insurance Agent
  4400 S 70th St #130 – Lincoln, NE 68516 – (402) 483-4441 – View Map

View more agents

Independent Agents (or Brokers)

Independent agents are appointed with more than one company so they can insure your vehicles through lots of different companies and find you the best rates. If they quote lower rates, the agent simply finds a different carrier and you don’t have to find a new agent. When comparing rates, we recommend you get several quotes from at least one independent agent for maximum quote selection. A lot of them also have access to smaller regional carriers which could offer lower prices.

The following is a short list of independent agencies in Lincoln that are able to give price quotes.

• Mittelstadt Agency LLC
  1701 K St – Lincoln, NE 68508 – (402) 434-3990 – View Map
• Midwest Insurance Group
  4333 S 48th St – Lincoln, NE 68516 – (402) 489-9595 – View Map
• Buethe and Associates Insurance Agency
  2337 S 13th St – Lincoln, NE 68542 – (402) 474-2063 – View Map

View more agents

Upon receiving reasonable responses to any questions you may have and a good coverage price, you may have found an insurance agent that will properly insure your vehicles. But keep in mind consumers can cancel your coverage any time you want so never feel that you are permanently stuck with any specific company for a certain time period.

Insurance agents can help

When selecting the best car insurance coverage for your vehicles, there is no “perfect” insurance plan. Your financial needs are unique.

For instance, these questions can aid in determining whether you could use an agent’s help.

• Do I need special coverage while pulling a rented trailer?
• Should I sign the liability waiver when renting a car?
• Does coverage extend to my business vehicle?
• Should I buy only the required Nebraska minimum liability coverage?
• Can I get by with minimal medical coverage if I have good health insurance?
• What if I owe more than I can insure my car for?
• Is pleasure use cheaper than using my Toyota Land Cruiser to commute?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Affordable car insurance is out there

Drivers change insurance companies for a variety of reasons including questionable increases in premium, poor customer service, high rates after DUI convictions or delays in responding to claim requests. It doesn’t matter what your reason, finding a new company is pretty easy and you might even save some money in the process.

In this article, we presented some good ideas how to compare Toyota Land Cruiser insurance auto insurance rates in Lincoln. The most important thing to understand is the more providers you compare, the higher the chance of saving money. You may even find the lowest auto insurance rates come from a small local company.

While you’re price shopping online, do not reduce needed coverages to save money. There are a lot of situations where someone dropped uninsured motorist or liability limits to discover at claim time they didn’t purchase enough coverage. The aim is to find the BEST coverage at the best cost while not skimping on critical coverages.

Helpful resources

• Distracted Driving Statistics (Insurance Information Institute)
• How Much are Car Insurance Quotes for 17 Year Olds in Lincoln? (FAQ)
• Who Has Affordable Lincoln Auto Insurance for Uninsured Drivers? (FAQ)
• Who Has Affordable Car Insurance Quotes for Drivers Over Age 70 in Lincoln? (FAQ)
• How Much is Lincoln Auto Insurance for a Chevrolet Silverado? (FAQ)
• Who Has Cheap Lincoln Auto Insurance Quotes for Veterans? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for a Ford F-150 in Lincoln? (FAQ)
• Neck Injury FAQ (iihs.org)
• Top Signs Your Brakes are Giving Out (State Farm)