Finding the cheapest coverage for a Toyota RAV4 is normally pretty easy, but it hinges on many rating criteria such as how many miles you drive each year, if you have prior claims, and driving violations. Drivers pay on average $686 annually to insure their RAV4, but that cost is an estimation based upon a 30-year-old married female driver with full physical damage coverage and $250 deductibles.
When estimating a car insurance rate like we just did, the issue is that you aren’t exactly 30 years old or even a female, single instead of married, or you just prefer to insure for liability only. Even a minor change in rating criteria or coverage limits could end up with a large change in the cost of insurance.
Having different needs demonstrates why the only real way to find cheap insurance rates for your Toyota is to do the rate comparisons yourself. Quotes are free and easy and you will receive rate quotes from some of the cheapest companies that offer coverage in Wisconsin.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$172||$294||$234||$14||$70||$784||$65|
|RAV4 Limited 2WD||$172||$294||$234||$14||$70||$784||$65|
|RAV4 Limited 4WD||$172||$294||$234||$14||$70||$784||$65|
|RAV4 Limited 4WD||$172||$294||$234||$14||$70||$784||$65|
|RAV4 Sport 4WD||$172||$294||$234||$14||$70||$784||$65|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in specific location information which can affect price quotes substantially.
Ending up with the right insurer can be a challenge considering how many companies sell coverage in Wisconsin. The company information below could help you decide which car insurance providers to look at when comparing rates.
The ratings below include large, nationwide insurance companies, so companies that only write business in Wisconsin or surrounding areas will not be included in the list. If you wish to compare prices from these and other competitive companies, just click here.
Top 10 Major Car Insurance Companies Overall in Madison
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
How to get discounts on Madison auto insurance
Insurance companies that provide policies for a Toyota RAV4 may additionally offer policy discounts that may potentially lower prices by as much as 35% if you meet specific eligibility requirements. A few of the larger companies and their possible discounts are:
- Progressive has savings for online signing, good student, online quote discount, multi-policy, homeowner, multi-vehicle, and continuous coverage.
- SAFECO may offer discounts for accident prevention training, teen safety rewards, teen safe driver, anti-theft, and homeowner.
- American Family may include discounts for early bird, Steer into Savings, good student, good driver, and defensive driver.
- MetLife policyholders can earn discounts including defensive driver, good driver, multi-policy, claim-free, good student, accident-free
- GEICO may have discounts that include multi-vehicle, five-year accident-free, federal employee, defensive driver, and air bags.
- The Hartford offers discounts including good student, defensive driver, bundle, vehicle fuel type, and air bag.
The chart below compares insurance premiums with and without discounts being applied to the rates. The rate quotes are based on a female driver, no tickets, no at-fault accidents, Wisconsin state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, vehicle safety, homeowner, multiple policy, accident-free, and defensive driving course discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for a Toyota RAV4 is 28% or $340.
The example below highlights how deductible choice can impact insurance prices when researching cheap insurance for a Toyota RAV4. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could reduce rates by $216 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $328 by changing to a $1,000 deductible. Younger drivers, like the Age 20 chart data, have the ability to save up to $552 or more just by choosing higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it will be necessary to have emergency funds available to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
The Madison, WI, insurance agents below are a good start to help you make a decision which auto insurance policy would work best for you, as lots of drivers aren’t clear which coverage they need and would like to have a professional recommendation when shopping for the best coverage for a RAV4. It can be difficult to find coverage yourself, so a professional agent can add satisfaction knowing you have adequate protection in case of an accident or claim. To find a Madison insurance agency using an interactive map, click the button at the bottom of the list.
American Family Insurance – Vicki Wagener Agency LLC
1633 Thierer Rd – Madison, WI 53704 – (608) 249-2184
Farmers Insurance – Allen Maxwell
2980 Cahill Main #205 – Madison, WI 53711 – (608) 630-9776
Independent Insurance Services Inc.
2960 Triverton Pike Dr Suite 101 – Madison, WI 53711 – (608) 273-3325
Wisconsin Insurance Security Fund
2820 Walton Cmns W # 135 – Madison, WI 53718 – (608) 242-9473
American Family Insurance – Leah Salter
5025 Old Middleton Rd – Madison, WI 53705 – (608) 273-8555
How to find low-cost insurance for a Toyota RAV4
Here are many thrifty solutions that can help drivers quote more affordable coverage.
- Bundle car and home insurance and save money
- Better credit scores save money
- Save money by insuring older vehicles for liability only
- Safe vehicles generally have lower rates
- If possible, do not file small claims
- Increase deductibles to save money
- Shop around and save
That last idea is extraordinarily vital, as was pointed out in this write-up. Coverage rates go up and down frequently, so don’t be afraid to switch carriers if a cheaper rate is available. We understand brand loyalty, but it’s not a good idea if that loyalty results in overpaying lots of hard earned cash every month. Now is a great time to shop around and find cheaper insurance for a Toyota RAV4 in Madison.