Affordable Insurance for a Toyota 4Runner in Lubbock

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Insurance quote for Toyota 4Runner in LubbockA recent study revealed that the majority of drivers kept their coverage with the same car insurance company for four years or more, and nearly half have never even compared rates from other companies. Many consumers in Texas could save as much as 70% a year just by comparing rates, but most undervalue how much savings they would realize if they changed companies.

Really, the only way to get affordable Toyota 4Runner insurance in Lubbock is to make a habit of regularly comparing prices from different companies who provide car insurance in Texas.

Step 1: Read and learn about individual coverages and the measures you can control to keep rates down. Many risk factors that cause high rates such as traffic citations, accidents, and an unacceptable credit score can be remedied by making minor changes in your lifestyle. Keep reading for tips to find cheap rates and find discounts that may have been missed.

Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.

Step 3: Compare the new quotes to your existing rates to see if you can save by switching companies. If you find better rates and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Step 4: Provide notification to your current agent or company of your intention to cancel your current auto insurance policy and submit a completed application and payment for your new coverage. Once the application is submitted, put the certificate verifying proof of insurance with the vehicle registration.

One thing to point out is to make sure you're comparing the same coverage limits and deductibles on each price quote and and to look at as many carriers as you can. This enables a level playing field and a thorough selection of prices.

Companies offering Toyota 4Runner insurance in Texas

The following companies can provide comparison quotes in Lubbock, TX. To buy cheaper car insurance in Lubbock, TX, it's a good idea that you get rate quotes from several of them in order to find the cheapest rates.

Rates and statistics

The rate table below covers detailed analysis of policy rates for Toyota 4Runner models. Knowing how insurance prices are determined can help customers make informed decisions.

Toyota 4Runner Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $378 $408 $424 $26 $128 $1,364 $114
4Runner SR/5 2WD $378 $496 $424 $26 $128 $1,452 $121
4Runner Sport 4WD $378 $496 $424 $26 $128 $1,452 $121
4Runner SR/5 4WD $378 $496 $424 $26 $128 $1,452 $121
4Runner Trail Edition 4WD $422 $584 $424 $26 $128 $1,584 $132
4Runner Limited 2WD $422 $584 $424 $26 $128 $1,584 $132
4Runner Limited 4WD $422 $584 $424 $26 $128 $1,584 $132
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in your specific Lubbock location which can lower or raise price quotes greatly.

Physical damage deductibles: Should you raise them?

One of the most common auto insurance questions is at what level do you set your deductibles. The tables below may help to conceptualize the rate difference between high and low coverage deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Toyota 4Runner insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $370 $486 $324 $20 $96 $1,321 $110
4Runner SR/5 2WD $370 $592 $324 $20 $96 $1,427 $119
4Runner Sport 4WD $370 $592 $324 $20 $96 $1,427 $119
4Runner SR/5 4WD $370 $592 $324 $20 $96 $1,427 $119
4Runner Trail Edition 4WD $412 $698 $324 $20 $96 $1,575 $131
4Runner Limited 2WD $412 $698 $324 $20 $96 $1,575 $131
4Runner Limited 4WD $412 $698 $324 $20 $96 $1,575 $131
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Toyota 4Runner insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $270 $328 $324 $20 $96 $1,038 $87
4Runner SR/5 2WD $270 $400 $324 $20 $96 $1,110 $93
4Runner Sport 4WD $270 $400 $324 $20 $96 $1,110 $93
4Runner SR/5 4WD $270 $400 $324 $20 $96 $1,110 $93
4Runner Trail Edition 4WD $300 $472 $324 $20 $96 $1,212 $101
4Runner Limited 2WD $300 $472 $324 $20 $96 $1,212 $101
4Runner Limited 4WD $300 $472 $324 $20 $96 $1,212 $101
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Prices do not factor in your specific Lubbock location which can raise or lower prices substantially.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $27 more each month or $324 for a full year than choosing the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go more than 15 months between claims, you would save more money by selecting a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $123
Average monthly premium for $500 deductibles (subtract): - $96
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

An important sidenote is that raising deductibles to save money results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You need to have enough money put aside in order to pay the deductible.

The diagram below demonstrates how deductibles and can affect Toyota 4Runner yearly insurance costs for different insured age categories. The costs are based on a married male driver, comp and collision included, and no other discounts are factored in.

Yearly auto insurance costs for men versus women

The diagram below illustrates the difference between Toyota 4Runner insurance prices for male and female drivers. The premiums are based on no violations or accidents, full physical damage coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.

Cut Insurance Costs with These Tips

Consumers need to have an understanding of the factors that go into determining your policy premiums. If you have a feel for what influences your rates, this enables informed choices that may result in lower premium levels. Many factors are taken into consideration when you quote your car insurance policy. Some are obvious such as your driving record, although some other factors are less obvious such as your marital status or how safe your car is.

  • Long commutes cost more - The higher the miles on your Toyota each year the higher the price you pay to insure it. The majority of insurers apply a rate based on their usage. Cars and trucks left parked in the garage qualify for better rates than those that get driven frequently. It's a smart idea to ensure your car insurance declarations sheet properly reflects the proper vehicle usage, because improper ratings can cost you money. An improperly rated 4Runner can result in significantly higher rates.
  • Vocation stress can affect rates - Careers like lawyers, executives, and emergency personnel usually pay the highest rates due to job stress and long work days. On the flip side, jobs like scientists, athletes and the unemployed receive lower rates.
  • Combine policies and save money - Some car insurance companies apply discounts to customers who buy several policies from them, otherwise known as a multi-policy discount. Even if you're getting this discount you may still want to shop around to ensure the best deal.
  • High comp and collision deductibles equal low rates - Your deductibles define how much you are required to spend in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some examples of claims that would be covered would be collision with another vehicle, vandalism, and damage from wind. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
  • Liability coverage - Liability coverage will provide protection if ever a court rules you are at fault for causing personal injury or damage in an accident. Your liability coverage provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Buy a safe car and pay less - Vehicles with good safety scores cost less to insure. Safer cars reduce injuries and reduced instances of injuries means your insurance company pays less which can result in lower premiums. If your Toyota 4Runner scored better than four stars on or an "acceptable" rating on it is probably cheaper to insure.
  • Insurance loss probability for a Toyota 4Runner - Car insurance companies include the past claim trends for vehicles in order to profitably underwrite each model. Models that have a higher amount or frequency of claims will have a higher premium rate.

    The table below demonstrates the loss history for Toyota 4Runner vehicles. For each type of coverage, the claim amount for all vehicles, as an average, is represented as 100. Numbers shown that are under 100 suggest a better than average loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.

    Car Insurance Loss Data for Toyota 4Runner Models
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota 4Runner 4dr 2WD 75 92 83 76 66 75
    Toyota 4Runner 4dr 4WD 78 88 110 67 59 74

    Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Auto insurance policy discounts you can't miss

Some insurers do not list every policy discount in a way that's easy to find, so we took the time to find both the well known and the harder-to-find ways to save on auto insurance. If they aren't giving you every credit possible, you are not getting the best rate possible.Discount auto insurance

  • Multiple Policy Discount - If you can combine your auto and homeowners policy with the same insurance company they may give you a discount of approximately 10% to 15%.
  • Claim Free - Insureds with no claims or accidents get the best auto insurance rates in comparison to frequent claim filers.
  • Discount for Home Ownership - Owning a home in Lubbock can save you money because it is proof of financial responsibility.
  • Anti-theft System - Cars and trucks equipped with anti-theft or alarm systems have a lower chance of being stolen and earn discounts up to 10% off your Lubbock car insurance quote.
  • Save over 55 - If you're over the age of 55, you are able to get a discount up to 10%.

It's important to note that some credits don't apply to the entire cost. Some only reduce specific coverage prices like medical payments or collision. If you do the math and it seems like all those discounts means the company will pay you, you're out of luck.

The illustration below illustrates the difference between Toyota 4Runner annual premium costs with and without discounts applied to the policy rates. The data is based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, safe-driver, multi-policy, and marriage discounts applied.

A partial list of companies that may offer quotes with these benefits include:

When comparing rates, check with each insurance company to apply every possible discount. Savings may not apply to policyholders in your area.

Independent versus exclusive insurance agents

Some people just prefer to go talk to an agent and that is OK! A nice benefit of comparing car insurance online is that you can obtain cheap car insurance rates but also keep your business local. Supporting neighborhood agents is important particularly in Lubbock.

To help locate an agent, after submitting this short form, your information is immediately sent to local insurance agents in Lubbock that give free quotes for your business. It makes it easy because there is no need to find an agent as quotes are delivered directly to you. You can most likely find cheaper rates without the usual hassles of price shopping. If you want to compare prices from a particular provider, you would need to search and find their rate quote page and complete a quote there.

If you need to find a good Lubbock insurance agent, it's helpful to know the types of insurance agents and how they differ in how they can insure your vehicles. Agencies in Lubbock can be categorized as either independent or exclusive depending on the company they work for.

Independent Car Insurance Agents

These type of agents do not have single company limitations so they have the ability to put coverage amongst many companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your agent can just switch to a different company which requires no work on your part.

If you need cheaper car insurance rates, you should always include rate quotes from a couple of independent agencies for the best price selection. Most also write with different regional companies which could offer lower prices.

The following are Lubbock independent insurance agencies that may be able to give you free car insurance rate quotes.

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Exclusive Car Insurance Agencies

Exclusive agencies are contracted to one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. They generally cannot shop your coverage around so they really need to provide good service. These agents are well trained on their products and sales techniques and that enables them to sell even at higher rates. Consumers often choose to use an exclusive agent mostly because of loyalty to the company instead of buying on price only.

Shown below are Lubbock exclusive insurance agencies willing to provide price quote information.

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Picking the best car insurance agent should include more criteria than just the bottom line cost. Before buying a policy in Lubbock, get answers to these questions.

  • Can you contact them at any time?
  • Are there any discounts for paying up front?
  • How often do they review coverages?
  • Is vehicle damage repaired with OEM or aftermarket parts?
  • Will they give you a referral list?
  • By raising physical damage deductibles, how much would you save?
  • Will they take your side in the event of a claim?
  • Are all drivers listed on the coverage quote?

Everyone needs different insurance coverages

When buying your policy for your personal vehicles, there really isn't a perfect coverage plan. Every insured's situation is different so your insurance needs to address that.Drive safe and save Here are some questions about coverages that can help discover if your situation will benefit from professional help.

  • Exactly who is provided coverage by my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • At what point should I drop full coverage?
  • Are my custom wheels covered?
  • Can I rate high risk drivers on liability-only vehicles?
  • What is GAP insurance?
  • Do I need more liability coverage?
  • I don't drive much so do I pay less?
  • Should I have combined single limit or split liability limits?
  • If my Toyota 4Runner is totaled, can I afford another vehicle?

If you're not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

The best rates come from being thorough

Some insurance companies may not have the ability to get a quote online and most of the time these small insurance companies only sell coverage through independent insurance agents. Cheaper insurance in Lubbock can be purchased both online and from local agencies, and you should compare price quotes from both to have the best rate selection.

When getting Lubbock car insurance quotes online, never sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal is to purchase plenty of coverage at the best possible price while still protecting your assets.

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