How Much Does 1998 Toyota 4Runner Insurance Cost?

Want better insurance rates for your Toyota 4Runner? Trying to come up with a payment for pricey insurance can dwindle your monthly budget and make it hard to pay other bills. Performing a rate comparison is free and is an excellent way to make ends meet.

Since you have so many insurance providers from which to choose, it’s nearly impossible to locate the right insurance company.

Finding affordable coverage is easy if you know what you’re doing. If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these methods. Drivers only need to know the proper way to get comparison quotes over the internet.

Shop auto insurance online

There are a variety of methods to compare auto insurance quotes, but some are more efficient than others. You can waste a lot of time driving to insurance companies in your area, or you can stay home and use the internet to quickly compare rates.

Many of the larger companies enroll in a system where prospective buyers submit their information once, and every company provides a quote for coverage. This system prevents you from having to do repetitive form submissions to each individual auto insurance company.

To participate in this free quote system, click here (opens in new window).

The one downside to pricing coverage this way is that consumers can’t choose the providers to receive prices from. So if you want to select specific insurance companies to compare prices, we have a listing of auto insurance companies in your area. Click here to view list.

It’s your choice how you get your quotes, but double check that you are using exactly the same information on every quote. If you are comparing differing limits you will not be able to make a fair comparison for your Toyota 4Runner.

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Lower your insurance costs

When buying insurance it’s important to understand some of the factors that help determine the rates you pay for insurance. When you understand what impacts premium levels, this allows you to make educated decisions that may reward you with better insurance rates.

• Incidental coverages are wasting money – There are a ton of optional add-on coverages that sound like a good idea at the time when buying insurance. Coverage for things like roadside assistance, towing coverage, and motor club memberships are probably not needed. The coverages may be enticing at first, but now you might not need them so think about removing them and cutting costs.
• Stay claim-free and save – Car insurance companies generally give better rates to insureds who are claim-free. If you are the type of insured that files lots of claims you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance is designed for major claims that would cause financial hardship.
• Getting married can save you money – Having a wife or husband can get you a discount when shopping for insurance. Marriage demonstrates that you tend to be more mature and responsible and insurance companies reward insureds because drivers who are married are more cautious.
• Always keep your policy in place – Allowing your insurance policy to lapse will be a sure-fire way to drive up your policy premiums. And not only will your rates increase, not being able to provide proof of insurance could earn you a revoked license or a big fine. You may then have to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
• Can a thief steal your car? – Buying a car with an alarm system can save you a little every year. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent vehicle theft.
• Older drivers pay less – Teen drivers are known to be careless and easily distracted when driving with friends and because of this, their insurance rates are much higher. More mature drivers are more cautious drivers, cost insurance companies less in claims .
• Liability protection – Liability coverage will provide protection when you are found to be at fault for damages from an accident. This coverage provides legal defense coverage starting from day one. Liability insurance is pretty cheap compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
• Battle of the sexes – Statistics have proven women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. They both cause accidents in similar numbers, but the males tend to have more serious accidents. Not only are claims higher, but men get higher numbers of serious violations like DUI and reckless driving. Teenage male drivers cause the most accidents and thus pay the highest rates.

Insurance coverage discounts help cut rates

Buying insurance coverage is not cheap, but you can get discounts that many people don’t even know exist. Certain credits will be shown at the time you complete a quote, but once in a while a discount must be specially asked for before they will apply. If you don’t get every credit possible, you’re just leaving money on the table.

• Defensive Driver – Passing a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
• Student Discount for Driver Training – It’s a good idea to have your young drivers sucessfully take a drivers education course in school.
• College Student – Any of your kids living away from home attending college and won’t have access to an insured vehicle may be insured at a cheaper rate.
• New Vehicle Savings – Insuring a new car may earn a small discount because new model year vehicles are generally safer.
• Federal Government Employee – Active or retired federal employment could cut as much as 10% off on 4Runner insurance with certain companies.
• Bundled Policy Discount – When you have multiple policies with the same company you could save approximately 10% to 15%.

A little note about advertised discounts, most credits do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though you would think you would end up receiving a 100% discount, it just doesn’t work that way. But all discounts will positively reduce your overall premium however.

To find providers who offer discounts, click this link.

Which is the best insurance?

When it comes to choosing proper insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that could help you determine if you would benefit from professional advice.

• Does liability extend to a camper or trailer?
• Do I have coverage when using my vehicle for my home business?
• Why am I required to get a high-risk car insurance policy?
• Am I covered when driving someone else’s vehicle?
• Is my teen driver covered when they drive my company car?
• Should I have a commercial auto policy?
• What is no-fault insurance?
• Should I drop comprehensive coverage on older vehicles?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

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Insurance coverage specifics

Understanding the coverages of a insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types available from insurance companies.

Auto liability insurance – Liability coverage protects you from damage or injury you incur to other people or property in an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for things such as legal defense fees, structural damage, court costs and medical expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 1998 Toyota 4Runner.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Collision coverage – This pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a ditch, sideswiping another vehicle, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as rehabilitation expenses, nursing services and hospital visits. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hail damage, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from flooding. The most your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

In Summary

As you prepare to switch companies, you should never reduce coverage to reduce premium. There have been many situations where an insured dropped comprehensive coverage or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your aim should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

There are still a few companies who may not have the ability to get a quote online and usually these regional carriers only sell through independent agencies. Low-cost 1998 Toyota 4Runner insurance can be bought online as well as from independent agents, and you should be comparing both to have the best selection.

We covered many ways to save on 1998 Toyota 4Runner insurance. The most important thing to understand is the more price quotes you have, the better likelihood of getting the cheapest auto insurance. You may even find the biggest savings come from an unexpected company. They may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm or Progressive.

More tips and info about insurance coverage can be found in these articles:

• Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
• Credit Impacts Car Insurance Rates (State Farm)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)

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