Finding the best cheap insurance for a Toyota 4Runner in Colorado relies on a large number of rating criteria such as how you use your vehicle, whether or not you have filed claims in the past, and your policy deductibles. Drivers in Colorado pay around $886 per year to insure their 4Runner, but that is calculated based on a 40-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
But there is a good chance that you're not a 40-year-old male, you might be single instead of married, or maybe you just want liability only instead of full coverage. Even a minor difference in rating variables can make a large difference in the policy cost.
Auto insurance is not the same for everyone, so the only real way to find cheap insurance rates for your Toyota is to compare as many rates as you can.
Vehicle trim level will be a contributing factor to the cost of insurance, so the price to insure a 4Runner Sport 2WD trim level will be $148 cheaper than the price to insure the more costly 4Runner Limited 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|4Runner Sport 2WD||$226||$278||$308||$18||$92||$922||$77|
|4Runner SR/5 2WD||$226||$340||$308||$18||$92||$984||$82|
|4Runner Sport 4WD||$226||$340||$308||$18||$92||$984||$82|
|4Runner SR/5 4WD||$226||$340||$308||$18||$92||$984||$82|
|4Runner Trail Edition 4WD||$252||$400||$308||$18||$92||$1,070||$89|
|4Runner Limited 2WD||$252||$400||$308||$18||$92||$1,070||$89|
|4Runner Limited 4WD||$252||$400||$308||$18||$92||$1,070||$89|
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in vehicle location which can raise or lower auto insurance rates substantially.
Finding reliable, cheap insurance is tough enough, and finding out which companies offer the cheapest car insurance rates for a Toyota 4Runner will take additional perseverance. Each auto insurer has their own unique process for establishing rates, so first let's look at the rankings for the car insurance companies with the overall cheapest rates in Colorado Springs.
Keep in mind that Colorado car insurance rates are influenced by many factors that can increase the policy price. Simply improving your credit, moving across town, or getting a few speeding tickets can produce rate changes resulting in some companies being cheaper than competitors.
Cheapest Insurance Rates for Your Toyota
The Hartford offers some of the cheapest car insurance rates in Colorado Springs at around $825 annually. This is $753 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also are some of the cheapest Colorado Springs, CO insurance companies.
As shown in the rates above, if you are currently insured with Grange and switched to The Hartford, you might achieve savings of in the vicinity of $153. Policyholders with USAA might save as much as $184 a year, and Nationwide policyholders might reduce prices by as much as $296 a year.
Be aware that those estimates are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location for a Toyota 4Runner. So the company that has the cheapest price for you may not even be in the top 21 companies shown above. That's why you need to compare prices as often as possible using your own personal information and vehicle type.
Reckless driving habits raise car insurance rates
The easiest way to enjoy good car insurance rates in Colorado for a 4Runner is to drive attentively and have a clean driving record. The chart below highlights how speeding tickets and at-fault fender-benders raise insurance rates for different age groups. The rates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of a car insurance policy per year with no violations or accidents is $1,250. Add in two speeding tickets and the average cost hikes up to $1,768, an increase of $519 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for a Toyota 4Runner jumps again to an average of $3,813. That's an increase of $2,563, or $214 per month, just for not driving safely!
Discount Colorado Springs auto insurance
Insurance providers that offer cheap quotes for a Toyota 4Runner may also offer policy discounts that can lower rates by 40% or more if you are eligible to receive them. A list of car insurance companies and some of the premium reductions they offer include:
- State Farm policyholders can earn discounts including good student, safe vehicle, Steer Clear safe driver discount, multiple autos, anti-theft, multiple policy, and driver's education.
- GEICO may include discounts for multi-policy, membership and employees, driver training, emergency military deployment, air bags, and good student.
- Progressive offers discounts for multi-vehicle, online quote discount, good student, homeowner, multi-policy, online signing, and continuous coverage.
- 21st Century may have discounts that include theft prevention, air bags, 55 and older, good student, teen driver, automatic seat belts, and anti-lock brakes.
- American Family has savings for Steer into Savings, accident-free, mySafetyValet, bundled insurance, early bird, and defensive driver.
- The Hartford offers discounts including vehicle fuel type, good student, air bag, bundle, and anti-theft.
- AAA may offer discounts for multi-policy, anti-theft, good driver, AAA membership discount, pay-in-full, and multi-car.
The illustration below compares insurance costs with and without discounts applied to the policy rates. The premiums assume a female driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with marriage, claim-free, safe-driver, homeowner, anti-theft, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on car insurance for a Toyota 4Runner is 28% or $459.
Ideas for finding low-cost auto insurance for a Toyota 4Runner
It is possible to find better rates, and here are a few thrifty suggestions that can help Colorado drivers locate cheap coverage.
- Increase your deductibles
- Drive vehicles with five-star safety ratings
- Bundle home and auto and earn a discount
- Earn a discount by not filing claims
- On older vehicles, drop full coverage
- Improve your credit rating
- Keep rates low by shopping around frequently
The last tip is especially valuable, as we pointed out in this piece. Prices charged by car insurance companies can change significantly in a year, so don't be unwilling to buy from a new company if a better rate can be found.
Many drivers prefer to stick with one company, but it's not a good idea if that loyalty ends up costing hundreds every year. In just a few minutes you could compare rates to find cheaper auto insurance for a Toyota 4Runner in Colorado Springs.