Do you get confused by the wide range of insurance companies available to you? Consumers have such a vast assortment of companies available that it can quickly become a burden to compare prices on Toyota Rav4 insurance. Everyone knows that Denver is an awesome place to live, but expensive insurance can make it difficult for lots of drivers to make ends meet.
Sad but true, the vast majority of insurance customers have remained with the same insurance company for four years or more, and almost half have never shopped around. Consumers in Colorado can save 35% each year by just comparing quotes, but they don't invest the time required to compare rate quotes online.
The method we recommend to compare car insurance rates for Toyota Rav4 insurance in Denver is to know the trick most of the bigger providers provide online access to compare rate quotes. All consumers are required to do is give them some information like your education level, if a SR-22 is needed, daily mileage, and any included safety features. Your details is automatically sent to multiple different insurance companies and they provide comparison quotes instantly to find the best rate.
If you would like to start a quote now, click here and complete the quick form.
The companies shown below are ready to provide price quotes in Colorado. If the list has multiple companies, we suggest you compare several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$220||$368||$352||$20||$106||$1,066||$89|
|RAV4 Sport 2WD||$170||$306||$330||$20||$98||$924||$77|
|RAV4 Limited 4WD||$130||$238||$330||$20||$98||$816||$68|
|RAV4 Limited 2WD||$190||$362||$368||$22||$110||$1,052||$88|
|RAV4 Limited 2WD||$272||$458||$352||$20||$106||$1,208||$101|
|RAV4 Limited 2WD||$144||$282||$396||$24||$118||$964||$80|
|RAV4 Limited 4WD||$212||$416||$456||$28||$136||$1,248||$104|
|RAV4 Sport 4WD||$234||$448||$396||$24||$118||$1,220||$102|
|RAV4 Sport 4WD||$208||$380||$330||$20||$98||$1,036||$86|
|RAV4 Limited 4WD||$144||$296||$396||$24||$118||$978||$82|
|RAV4 Limited 4WD||$130||$238||$330||$20||$98||$816||$68|
|RAV4 Limited 2WD||$216||$424||$426||$26||$128||$1,220||$102|
|Get Your Own Custom Quote Go|
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Premium costs do not factor in vehicle location which can change coverage rates considerably.
An analysis of deductible level
The diagram below highlights how deductible selection and can influence Toyota Rav4 yearly insurance costs for different categories of driver ages. The information is based on a married male driver, comp and collision included, and no policy discounts are applied.
Toyota Rav4 liability rates compared to full coverage
The illustration below examines Toyota Rav4 auto insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims, a clean driving record, $100 deductibles, married female driver, and no discounts are taken into consideration.
Deciding between full coverage and liability only
There isn't a steadfast formula to delete comp and collision coverage, but there is a general convention. 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 Toyota Rav4 replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after paying the physical damage deductible. If you are paying more than $700 a year for physical damage coverage, then it might be time to buy liability only.
There are a few situations where dropping full coverage is not recommended. If you haven't paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Car insurance is an important decision
Even though Denver Rav4 insurance rates can get expensive, paying for car insurance is required by state law in Colorado and it also provides benefits you may not be aware of.
First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to get the vehicle licensed. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your vehicle has a lienholder, more than likely the lender will require you to carry insurance to guarantee loan repayment. If you do not keep the policy in force, the lender may have to buy a policy to insure your Toyota at a much higher rate and require you to fork over the higher premium.
Third, insurance safeguards not only your vehicle but also your assets. Insurance will also pay for medical bills incurred in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of having car insurance more than offset the price you pay, especially if you ever need it. Unknowingly, the average driver is overpaying more than $825 a year so it's recommended you shop around at every renewal to be sure current rates are still competitive.
Can you really save that much by switching?
Big name companies like GEICO, State Farm and Progressive regularly use ads on television and other media. They all seem to make an identical promise that you'll save big if you get a free Denver auto insurance quote and switch your coverage to them. How does every company make almost identical claims? It's all in the numbers.
Auto insurance companies require specific criteria for the right customer that earns them the highest profit. For example, this type of driver may need to be between 25 and 40, has few claims, and has a short commute. Any customer that fits those parameters will qualify for the lowest prices in Denver and most likely will save quite a bit of money when switching.
Consumers who fall short of these standards must pay more expensive rates and this results in business not being written. If you pay attention, the ads say "drivers that switch" not "all people who quote" save money. That's the way insurance companies can confidently state the savings.
Because of these techniques, you need to compare quotes as often as possible. Because you never know which company will have the best prices for your profile.
Discounts for cheaper insurance quotes
Insurance can be prohibitively expensive, but there are discounts available to help bring down the price. Certain reductions will be credited when you get a quote, but some discounts are required to be inquired about before being credited. If you're not getting every credit you qualify for, you are throwing money away.
- Employee of Federal Government - Active or former government employment can earn a discount up to 10% depending on your insurance provider.
- Data Collection Discounts - Denver drivers who agree to allow driving data collection to scrutinize driving manner remotely such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they have good driving habits.
- Anti-lock Brake System - Cars and trucks with anti-lock braking systems can stop better under adverse conditions and will save you 10% or more on Rav4 insurance in Denver.
- Good Students Pay Less - A discount for being a good student may save as much as 25% on a Denver auto insurance quote. Most companies allow this discount until age 25.
- Good Driver Discounts - Drivers who avoid accidents may save up to 50% more compared to accident prone drivers.
- Theft Deterrent - Cars optioned with advanced anti-theft systems are less likely to be stolen and will qualify for a discount on a Denver auto insurance quote.
- College Student Discount - Older children who live away from home at college without a vehicle on campus can receive lower rates.
- Senior Citizens - If you're over the age of 55, you could receive a small decrease in premiums.
- Passive Restraint Discount - Vehicles equipped with air bags or automatic seat belts could see savings of up to 25% or more.
Don't be surprised that some credits don't apply to the entire cost. Most only reduce individual premiums such as physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, you won't be that lucky.
Some of the larger companies that may offer quotes with these benefits possibly include:
If you need cheaper Denver auto insurance quotes, ask each company which discounts you qualify for. Depending on the company, some discounts may not apply to policies everywhere. To see insurance companies that can offer you the previously mentioned discounts in Denver, click this link.
Neighborhood agents and auto insurance
Some consumers still prefer to buy from a licensed agent and that can be a great decision One of the benefits of price shopping on the web is you may find better rates but also keep your business local. Putting coverage with neighborhood agents is especially important in Denver.
After completing this quick form, your insurance data is sent to local insurance agents in Denver who will gladly provide quotes for your insurance coverage. It's much easier because you don't need to even leave your home since price quotes are sent to you instantly. You'll get the best rates without a big time investment. If you want to compare prices from a specific insurance company, you would need to visit that company's website and submit a quote form there.
When looking for local Denver agents, there are a couple of different types of agents that you can choose from. Auto insurance policy providers may be either exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agencies or Brokers
Agents that choose to be independent are not required to write business for one company and that is an advantage because they can write policies with lots of companies and find the cheapest auto insurance rates. To transfer your coverage to a different company, your agent can just switch to a different company and you stay with the same agent.
If you are comparing auto insurance prices, you will want to check rates from a couple of independent agencies so that you have a good selection of quotes to compare. Most can insure with mutual insurance companies that many times have cheaper rates.
The following is a partial list of independent agents in Denver that may be able to provide free rate quotes.
- Longevity Insurance Brokers
100 Fillmore St - Denver, CO 80206 - (720) 209-4598 - View Map
- Premier Group Insurance
1777 W 38th Ave #102 - Denver, CO 80211 - (303) 477-0505 - View Map
- FUSA Insurance Agency
7900 E Union Ave #200 - Denver, CO 80237 - (303) 752-5806 - View Map
Exclusive Auto Insurance Agencies
Agents in the exclusive channel can only provide one company's prices like State Farm or Allstate. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive agents are highly trained on the products they sell and that can be a competitive advantage. Consumers sometimes buy from the same agent for years partially due to loyalty to the company and the convenience of having all coverages with one company.
The following are exclusive insurance agents in Denver who can help you get comparison quotes.
- American Family Insurance - Abbie Davis Tanner Agency Inc
2855 Speer Blvd Suite D - Denver, CO 80211 - (303) 333-0205 - View Map
- Jack Sunahara - State Farm Insurance Agent
3525 S Tamarac Dr #160 - Denver, CO 80237 - (303) 779-4848 - View Map
- Hiram Licea - State Farm Insurance Agent
3600 Morrison Rd - Denver, CO 80219 - (303) 935-7475 - View Map
Choosing the best car insurance agent requires you to look at more than just the bottom line cost. A good agent in Denver will have answers to these questions.
- What kind of financial rating does the company have?
- Is the agent properly licensed in Colorado?
- Will high miles depreciate repair valuations?
- Is the agency covered by Errors and Omissions coverage?
- Which family members are covered?
- Is assistance available after office hours?
- Will your rates increase after a single accident?
After getting good feedback to all your questions and an affordable coverage quote, most likely you have located an insurance agent that meets the requirements to properly insure your vehicles.
The best insurance company isn't always the cheapest
Drivers leave their current company for many reasons like policy cancellation, an unsatisfactory settlement offer, questionable increases in premium or being labeled a high risk driver. It doesn't matter why you want to switch choosing a new company is actually quite simple.
When trying to cut insurance costs, don't be tempted to reduce needed coverages to save money. There are too many instances where an insured dropped collision coverage to discover at claim time they didn't purchase enough coverage. Your aim should be to purchase a proper amount of coverage at the lowest possible cost, but do not skimp to save money.
Low-cost Toyota Rav4 insurance in Denver is definitely available online in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. Some insurance providers don't offer online price quotes and usually these small insurance companies only sell coverage through independent insurance agencies.
Helpful learning opportunities
- Tread Depth and Tire Safety (State Farm)
- Who Has Affordable Colorado Car Insurance for a Hyundai Sonata? (FAQ)
- What Auto Insurance is Cheapest for Handicapped Drivers in Colorado? (FAQ)
- Who Has Affordable Auto Insurance for High Risk Drivers in Colorado? (FAQ)
- Who Has Affordable Auto Insurance for Active Military in Colorado? (FAQ)
- Who Has Cheap Car Insurance for a Nissan Sentra in Colorado? (FAQ)
- What is the Cheapest Auto Insurance in Castle Rock, Colorado? (FAQ)
- What is the Best Cheap Auto Insurance in Ken Caryl, Colorado? (FAQ)
- Who Has Affordable Auto Insurance for Teenagers in Colorado? (FAQ)
- How Much are Colorado Car Insurance Quotes for a Toyota Highlander? (FAQ)
- How Much are Colorado Car Insurance Quotes After a Speeding Ticket? (FAQ)
- What Auto Insurance is Cheapest in Security-Widefield, Colorado? (FAQ)
- How Much is Colorado Auto Insurance for High School Students? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Booster Seat Ratings (iihs.org)
- Auto Crash Statistics (Insurance Information Institute)
- What is Covered by GAP Insurance? (Allstate)