Who Has the Cheapest Auto Insurance Quotes for a Toyota RAV4 in Colorado Springs?

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Buying cheaper car insurance for a Toyota RAV4 relies on a lot of different factors such as how many miles you drive each year, if you have prior claims, and whether or not you are a good driver. Drivers pay on average $926 annually for RAV4 insurance, but that is an estimation using a 50-year-old married male driver with full coverage and $250 deductibles.

It's highly likely you are not 50 and maybe not even a male, possibly single instead of married, or maybe you rent instead of own your home. Everone's needs are different, and this illustrates why the only way to find the most affordable coverage for your Toyota is to do the rate comparisons yourself.

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Toyota RAV4 Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $212 $388 $338 $20 $100 $1,058 $88
RAV4 Sport 2WD $212 $388 $338 $20 $100 $1,058 $88
RAV4 4WD $212 $388 $338 $20 $100 $1,058 $88
RAV4 Limited 2WD $212 $388 $338 $20 $100 $1,058 $88
RAV4 Limited 4WD $212 $388 $338 $20 $100 $1,058 $88
RAV4 Limited 4WD $212 $388 $338 $20 $100 $1,058 $88
RAV4 Sport 4WD $212 $388 $338 $20 $100 $1,058 $88
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rates do not factor in specific location which can impact price quotes significantly.

Buying low-cost insurance is not always easy, and determining which company quotes the most affordable auto insurance rates for a Toyota RAV4 may require additional perseverance.

Each auto insurance company has a proprietary method to set their prices, so let's begin by examining the auto insurance companies that tend to be cheaper in Colorado Springs, CO.

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Cheapest Colorado auto insurance companies
Rank Company Cost Per Year
1 The Hartford $850
2 Grange $958
3 USAA $999
4 Nationwide $1,109
5 GEICO $1,141
6 Auto-Owners $1,156
7 Travelers $1,183
8 State Farm $1,259
9 American Family $1,275
10 Progressive $1,376
11 Amica $1,381
12 California Casualty $1,488
13 Allied $1,497
14 Colorado Farm Bureau $1,592
15 Farmers $1,613
16 MetLife $1,811
17 Allstate $2,076
18 Encompass $2,231
19 Safeco $2,472
20 Titan $2,657
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The Hartford quotes some of the cheapest car insurance rates in Colorado Springs at around $850 annually. This is $728 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO would also make the list of some of the lowest-priced Colorado Springs, CO car insurance companies.

As depicted above, if you are currently insured with Grange and switched to The Hartford, you could see an annual premium reduction of in the neighborhood of $108. Policyholders with USAA could save as much as $149 a year, and Nationwide policyholders might reduce prices by as much as $259 a year.

It's important to note that these rates are averages for all insureds and vehicles and are not factoring in a specific vehicle garaging location for a Toyota RAV4. So the company that is best suited for you may not even be in the top 21 companies in the list above. That affirms the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.

Should you buy full coverage?

Reducing premiums for auto insurance is important to the majority of drivers, and one of the fastest ways to find cheaper insurance for a Toyota RAV4 is to not buy comprehensive and collision coverage. The illustration below shows the comparison of insurance rates with full physical damage coverage and with liability coverage only. The data assumes no violations or accidents, $500 deductibles, single marital status, and no discounts are factored in.

Averaged for all age groups, full coverage costs $1,960 per year more than just buying liability insurance. That is a significant amount which raises the question if buying full coverage is a waste of money. There is no clear-cut rule to stop buying physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let's say your vehicle's replacement value is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $4,500 after paying your deductible. If it's costing in excess of $450 annually for full coverage, then it could be time to drop full coverage.

Your low-price policy may be costing you money

Colorado auto insurance rates are impacted by many things which can substantially decrease or increase the price you have to pay for coverage. Improving your credit rating, buying a different home, or getting a reckless driving citation may cause policy rate changes that can now make some companies more affordable than before. Not only that, but companies change rates at least once a year in order to protect their financial rating. Unexpectedly high claims can result in higher rates, while lower claim levels may cause more affordable RAV4 insurance rates.

For example, the graph below shows the company with the cheapest car insurance in Colorado Springs, CO for a 35-year-old female driver with no violations or accidents, and a decent credit rating. If we look at prices based on her personal profile, The Hartford may offer the cheapest car insurance rates in Colorado Springs at $1,008 each year. This is $570 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO round out the rest of the cheapest Colorado Springs, CO auto insurance companies.

Let's now give the driver from the first set of rates an accident claim, a lower credit rating, and a traffic citation. Since every car insurance company has their own formula to set policy rates, analyzing rates most likely will result in a significantly different list of cheap Colorado Springs auto insurance companies as shown below.

Travelers now has the cheapest insurance rate in Colorado Springs with State Farm, American Family, Grange, and Progressive completing the list. This demonstrates why consumers need to compare as many rates as possible when trying to get cheap auto insurance quotes for a Toyota RAV4.

Rates are made up of many risk factors and can decrease or increase without notice, so the most affordable company the last time you compared rates may now be costing you a lot of money.

If you aren't clear which coverage you need and would like to get some professional input when buying car insurance for a RAV4, the agents below are willing to help you make a decision which coverages and limits you need. To find an agent close to you, click the link at the bottom.

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Ideas for buying the cheapest car insurance for a Toyota RAV4

Below you'll find some thrifty ideas that can help Colorado drivers buy low-cost coverage.

The final tip is incredibly vital, as was discussed in this piece. Car insurance rates can be adjusted at any time, so don't be unwilling to switch carriers if a better deal can be had. Loyalty to a specific company is fine, but it's not a good idea if that stubbornness costs you hundreds of dollars a year. In just a couple of minutes you could compare prices and find cheaper auto insurance for a Toyota RAV4 in Colorado Springs.