Insurance rates Toyota 4Runner in Colorado SpringsNo one in their right mind looks forward to paying premiums for car insurance, especially when they are aware that they could get a better deal.

A recent study revealed that the vast majority of car insurance customers have stayed with the same insurance company for over three years, and almost half have never compared quotes from other companies. With the average premium in Colorado being $1,813, drivers could save an average of roughly $605 each year just by comparing rates, but they just don't understand how easy it is to do a rate comparison.

Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate increase brand awareness with ad campaigns and consumers find it hard to ignore the propaganda and find the best price available.

Keep in mind that comparing a large number of companies gives you a better chance of getting more affordable rates. Some smaller insurers do not give rate quotes online, so you need to compare quotes from those companies as well.

The companies shown below provide free quotes in Colorado Springs, CO. If more than one company is shown, it's highly recommended you visit two to three different companies in order to find the most affordable rates.

Toyota 4Runner Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $334 $516 $362 $22 $108 $1,342 $112
4Runner SR/5 2WD $278 $420 $308 $18 $92 $1,116 $93
4Runner Sport 4WD $214 $362 $338 $20 $102 $1,036 $86
4Runner SR/5 4WD $162 $282 $314 $18 $94 $870 $73
4Runner Trail Edition 4WD $216 $370 $286 $16 $86 $974 $81
4Runner Limited 2WD $252 $400 $308 $18 $92 $1,070 $89
4Runner Limited 4WD $308 $534 $404 $24 $120 $1,390 $116
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in vehicle location which can alter auto insurance rates greatly.

Choosing deductibles

One common question asked by Colorado Springs drivers is how high should the physical damage deductibles be. The following tables summarize the cost difference when you buy lower versus higher deductibles. The first data table uses a $100 deductible for comp and collision and the second rate table 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 $342 $448 $298 $18 $90 $1,221 $102
4Runner SR/5 2WD $342 $546 $298 $18 $90 $1,319 $110
4Runner Sport 4WD $342 $546 $298 $18 $90 $1,319 $110
4Runner SR/5 4WD $342 $546 $298 $18 $90 $1,319 $110
4Runner Trail Edition 4WD $380 $644 $298 $18 $90 $1,455 $121
4Runner Limited 2WD $380 $644 $298 $18 $90 $1,455 $121
4Runner Limited 4WD $380 $644 $298 $18 $90 $1,455 $121
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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 $250 $304 $298 $18 $90 $960 $80
4Runner SR/5 2WD $250 $368 $298 $18 $90 $1,024 $85
4Runner Sport 4WD $250 $368 $298 $18 $90 $1,024 $85
4Runner SR/5 4WD $250 $368 $298 $18 $90 $1,024 $85
4Runner Trail Edition 4WD $278 $434 $298 $18 $90 $1,118 $93
4Runner Limited 2WD $278 $434 $298 $18 $90 $1,118 $93
4Runner Limited 4WD $278 $434 $298 $18 $90 $1,118 $93
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price information does not factor in specific location which can revise coverage prices substantially.

We can derive from the above data that using a $100 deductible costs approximately $26 more each month or $312 for a full year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 15 months between claims, you would save money if you opt for a higher deductible.

Discounts can help lower premiums on Toyota 4Runner insurance in Colorado Springs

Insurance is neither fun to buy or cheap, but you can get discounts to help offset the cost. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be requested specifically prior to receiving the credit.Save money with discounts

One last thing about discounts, some of the credits will not apply to the entire cost. The majority will only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn't stay in business.

Some of the insurance companies who may offer some of the above discounts are:

If you want inexpensive Colorado Springs car insurance quotes, ask all companies you are considering to apply every possible discount. Some discounts listed above may not apply in Colorado Springs. For a list of insurance companies with the best Toyota 4Runner insurance discounts in Colorado, click here to view.

Find Toyota 4Runner Insurance Cheaper

Multiple criteria are part of the calculation when you get a price on insurance. Some factors are common sense like your driving record, but others are more obscure such as your marital status or your commute time. An important part of buying insurance is that you know some of the elements that go into determining your policy premiums. If you know what impacts premium levels, this enables informed choices that may reward you with lower premium levels.

Listed below are some of the things utilized by car insurance companies to help set your prices.

Pay more by driving carelessly - How you drive can have a huge impact on auto insurance premiums. Drivers with clean records receive lower rates compared to drivers with tickets. Just one moving violation may increase your cost substantially. Drivers who have severe tickets like DUI, reckless driving or excessive speeding may need to submit a SR-22 form to the state department of motor vehicles in order to continue driving.

Raise your deductibles for better rates - Protection for physical damage, also called comprehensive and collision insurance, insures against damage to your Toyota. A few examples of covered claims could be colliding with a building, hail damage, or theft. Your deductibles define the amount you are required to pay if a claim is determined to be covered. The higher the amount you have to pay, the better rate you will receive.

Liability coverage claims can be big - Liability coverage kicks in in the event that you are found to be at fault for causing personal injury or damage in an accident. It will provide for a legal defense to attempt to prove you were not liable. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.

Vocation can influence rates - Occupations such as military generals, business owners and stock brokers generally pay higher rates than average because of high stress and lots of time spent at work. Conversely, careers like farmers, students and homemakers pay the least.

Toyota 4Runner insurance loss data - Insurers use claims history to help determine the price you pay. Models that the data determines to have higher losses will have higher premium rates.

The data below shows the actual insurance loss data for Toyota 4Runner vehicles. For each coverage type, the claim probability for all vehicles, regardless of make, model or trim level, is set at 100. Percentage values below 100 imply a favorable loss record, while numbers shown that are more than 100 show a trend for more claims or statistically larger losses.

Insurance Loss Ratings for Toyota 4Runner Vehicles

Specific Toyota 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

Car insurance quotes from local Colorado Springs insurance agents

Some consumers just prefer to talk to an insurance agent and doing that can be a smart decision One of the benefits of comparing rate quotes online is that you can find the lowest rates and still buy from a local agent. And supporting small agencies is definitely important in Colorado Springs.

Colorado Springs insurance agentsTo help locate an agent, after submitting this quick form, your insurance data is submitted to local insurance agents who want to provide quotes for your car insurance coverage. It makes it easy because there is no need to contact any insurance agencies because quoted prices will be sent to you instantly. You can most likely find cheaper rates and an insurance agent to talk to. If you wish to compare rates for a specific company, just go to their quote page and submit a quote form there.

Independent or Exclusive: It's your choice

If you want to use a good insurance agency, it's important to understand the different agency structures and how they differ in how they quote coverages. Car insurance agents in Colorado Springs can be described as either exclusive or independent.

Independent Agents

Agents of this type do not have single company limitations so they can write business with a variety of different insurance companies and find you cheaper rates. To move your coverage to a new company, they simply switch companies in-house which requires no work on your part. When searching for an agent, you need to include price quotes from a couple of independent agencies for maximum quote selection.

The following are independent agencies in Colorado Springs who may be able to give you pricing information.

2306 N Powers Blvd #120 - Colorado Springs, CO 80915 - (719) 591-4500 - View Map

2850 Serendipity Cir W #230 - Colorado Springs, CO 80917 - (719) 574-0082 - View Map

5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map

View more Colorado Springs agents

Exclusive Agencies

Exclusive agencies are contracted to one company and examples are Farmers Insurance and State Farm. These agents are not able to provide rate quotes from other companies so if the price isn't competitive there isn't much they can do. These agents are well trained in insurance sales which can be an advantage.

Shown below are exclusive agents in Colorado Springs that can give you comparison quotes.

5490 Powers Center Point #132 - Colorado Springs, CO 80920 - (719) 418-3377 - View Map

202 E Cheyenne Mountain Blvd k - Colorado Springs, CO 80906 - (719) 540-8400 - View Map

1806 Dominion Way Suite A - Colorado Springs, CO 80918 - (719) 630-1800 - View Map

View more Colorado Springs agents

Choosing an insurance agent needs to be determined by more than just the premium amount. Before buying a policy in Colorado Springs, get answers to these questions.

Don't assume everyone needs the same auto insurance coverage

When choosing adequate coverage for your vehicles, there isn't really a cookie cutter policy. Every situation is different.Safe vehicles cost less to insure

Here are some questions about coverages that can aid in determining if your situation may require specific advice.

If it's difficult to answer those questions then you might want to talk to an agent. If you don't have a local agent, take a second and complete this form.

But the ad said I'd save 15% in 15 minutes!

Well-known car insurance companies like Progressive, GEICO, Allstate and State Farm seem to constantly run television, radio, and online ads. They all seem to state the claim of big savings if you move to them. How does every company sell you cheaper insurance coverage? You have to listen carefully.

All the different companies have specific characteristics for the type of driver that will most likely be profitable. One example of a profitable customer should be over the age of 45, has no tickets, and drives less than 5,000 miles a year. A customer getting a price quote who matches that profile will qualify for the lowest rates in Colorado Springs and therefore will save when they switch companies.

Insureds who do not fit these stringent criteria may be required to pay higher prices and the customer not purchasing. The ad wording is "drivers that switch" but not "all drivers who get quotes" save that much money. That is how insurance companies can make those claims.

Because of these techniques, you need to compare rate quotes every year. It is impossible to predict which car insurance company will have the best prices at this point in time.

Quote. Compare. Save.

Consumers leave their current company for a number of reasons such as an unsatisfactory settlement offer, being labeled a high risk driver, questionable increases in premium or poor customer service. No matter why you want to switch, finding a new auto insurance company is not as difficult as it may seem.

There are still a few companies who do not offer price quotes online and most of the time these small, regional companies only sell through independent insurance agencies. Cheaper auto insurance in Colorado Springs can be purchased on the web in addition to many Colorado Springs insurance agents, and you should be comparing both to get a complete price analysis.

Throughout this article, we presented a lot of ways to find cheaper Toyota 4Runner insurance in Colorado Springs. It's most important to understand that the more times you quote, the better likelihood of getting low cost Colorado Springs car insurance quotes. You may even be surprised to find that the best price on auto insurance is with a smaller regional carrier.

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