2002 Toyota Avalon Insurance Cost – 10 Savings Tips

Have you had enough of sacrificing other expenses to pay insurance each month? You have the same problem as the majority of other consumers. You have multiple car insurance companies to choose from, and even though it’s nice to be able to choose, it can be more difficult to compare company pricing.

Car insurance companies offer money-saving discounts

Car insurance companies don’t list every discount they offer in an easy-to-find place, so the next list breaks down some of the best known and the more hidden credits that may apply to you.

• Federal Government Employee – Employees or retirees of the government could provide a small rate reduction for Avalon coverage but check with your company.
• Accident Free – Claim-free drivers can save substantially when compared with frequent claim filers.
• Smart Student Discounts – Being a good student could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
• Homeowners Pay Less – Owning your own home or condo can earn you a little savings due to the fact that maintaining a home means you have a higher level of financial diligence.
• New Vehicle Savings – Insuring a new car can save you some money since newer vehicles are generally safer.
• Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of 25 to 30%.
• Driver Education Discount – Cut your cost by having your teen driver enroll and complete driver’s education if it’s offered in school.
• Early Switch Discount – A few insurance companies offer discounts for buying a policy before your current coverage expires. It’s a savings of about 10%.
• E-sign Discounts – Many car insurance companies give back up to $50 for buying your policy online.
• Waiver for an Accident – Not really a discount, but a few companies such as State Farm, Progressive and Geico allow you one accident without the usual rate increase as long as you don’t have any claims for a specific time period.

Please keep in mind that most discounts do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as comprehensive or collision. Just because you may think you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

Some companies that possibly offer some of the discounts shown above may include but are not limited to:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• Geico

When quoting, ask every prospective company what discounts are available to you. Some of the discounts discussed earlier may not apply in your area. For a list of car insurance companies with discount car insurance rates, follow this link.

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How to lower your insurance coverage cost

Performing a rate comparison can take time and effort if you aren’t aware of the most efficient way. You can waste a few hours (or days) talking to insurance companies in your area, or you could use the internet for quick rates.

Most car insurance companies belong to an insurance system that allows shoppers to submit their information once, and each company then returns a price quote based on the submitted data. This saves time by eliminating quotation requests for each company you want a rate for.

To submit your quote information now, click to open in new window.

The only downside to using this type of form is that you can’t choose the insurers to get quotes from. If you prefer to choose individual companies to compare, we put together a list of low cost insurance coverage companies in your area. Click here for list of insurance companies.

Whichever way you use, be sure to compare nearly identical quote data for each quote you get. If you use different deductibles then you won’t be able to determine which rate is truly the best.

Do I just need basic coverages?

When buying the right insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions might help in determining whether or not you might need professional guidance.

• What is the ISO rating for a 2002 Toyota Avalon?
• What happens if I owe more than my 2002 Toyota Avalon is worth?
• I have good health insurance, so how much medical payments coverage do I need?
• How does medical payments coverage work?
• Can I rent a car in Mexico?
• Is my teen driver covered when they drive my company car?
• Should I buy full coverage?
• Do I get a pro-rated refund if I cancel my policy early?
• Do I have coverage for damage caused while driving under the influence?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Car insurance coverage specifics

Learning about specific coverages of a car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types offered by car insurance companies.

Comprehensive protection

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hitting a deer, a broken windshield, theft and falling objects. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Toyota Avalon.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like surgery, nursing services and funeral costs. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This will pay to fix damage to your Avalon resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as backing into a parked car, hitting a parking meter, driving through your garage door and rolling your car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Coverage for liability

This can cover damage or injury you incur to other’s property or people by causing 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 policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like medical services, court costs, legal defense fees and attorney fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

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Money doesn’t grow on trees

In this article, we presented some good ideas how you can lower your 2002 Toyota Avalon insurance premium rates. The key thing to remember is the more quotes you get, the higher your chance of finding low cost insurance. Consumers could even find that the best price on car insurance is with a smaller regional carrier. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

Cheaper 2002 Toyota Avalon insurance is available online and also from your neighborhood agents, so you need to quote insurance with both in order to have the best price selection to choose from. Some insurance providers may not offer internet price quotes and these regional carriers sell through independent agents.

For more information, feel free to visit the articles below:

• Determing Auto Insurance Rates (Geico)
• Booster Seat Ratings (iihs.org)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Safety Belts FAQ (iihs.org)
• Teen Driving and Texting (State Farm)

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