What Car Insurance is Cheapest for a Toyota 4Runner in Madison?

Buying cheap coverage for a Toyota 4Runner relies on many rating factors such as your birth date, your credit score, and your choice of deductibles. Drivers will pay around $503 annually for 4Runner insurance, but that figure is an estimation based on a 40-year-old married male driver with full physical damage coverage and $1,000 deductibles.

If we were betting, you aren’t exactly 40 years old or even a male, single instead of married, and maybe you want higher deductibles. Even a minor change in rating criteria or coverage limits could end up in a significant change in the cost of a policy.

Having different needs demonstrates why the best way to find cheap insurance rates for your Toyota is to just compare rates yourself.

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The specific model of 4Runner will have an impact the cost of coverage, so the cost to insure a 4Runner Sport 2WD trim level will be $76 less than the insurance cost for the more costly 4Runner Limited 4WD version, as shown below.

Toyota 4Runner Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $112 $142 $202 $12 $60 $528 $44
4Runner SR/5 2WD $112 $174 $202 $12 $60 $560 $47
4Runner Sport 4WD $112 $174 $202 $12 $60 $560 $47
4Runner SR/5 4WD $112 $174 $202 $12 $60 $560 $47
4Runner Trail Edition 4WD $126 $204 $202 $12 $60 $604 $50
4Runner Limited 2WD $126 $204 $202 $12 $60 $604 $50
4Runner Limited 4WD $126 $204 $202 $12 $60 $604 $50
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Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in specific location which can influence price quotes substantially.

Deciphering which companies offer the lowest-priced insurance rates for a Toyota 4Runner calls for a tad more effort in order to find a policy that fits your budget.

Every car insurance company uses a slightly different approach to set policy rates, so we’ll take a look at the most budget-friendly insurance companies in Madison. It’s a good idea to know that Madison insurance rates are impacted by many factors that can increase the cost of a policy. Improving your credit rating, buying a different home, or having an at-fault accident can trigger rate changes resulting in some companies being more affordable than others.

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Cheapest auto insurance in Wisconsin ranked by cost per year
Rank Company Cost Per Year
1 USAA $604
2 Partners Mutual $626
3 Erie $717
4 Rockford Mutual $746
5 Nationwide $768
6 Pekin Insurance $768
7 Western National $777
8 Rural Mutual Insurance $779
9 Integrity Mutual $794
10 Travelers $796
11 State Farm $896
12 West Bend Mutual $926
13 General Casualty $936
14 The Hartford $940
15 Auto Club Group $948
16 Farmers $1,130
17 Auto-Owners $1,148
18 American Family $1,159
19 Progressive $1,164
20 GEICO $1,190
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USAA may offer some of the most affordable car insurance rates in Madison at around $604 each year. This is $557 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Nationwide also are some of the most economical Madison, WI insurance companies.

As the example above demonstrates, if you are a policyholder with Erie and switched to USAA, you could see a yearly savings of approximately $113. Policyholders with Rockford Mutual may save as much as $142 a year, and Nationwide customers might reduce prices by as much as $164 a year.

To find cheaper insurance rates for your vehicle, click here to get quotes or feel free to get quotes from the companies below.

These estimates are averages across all drivers and vehicles and and are not calculated with an exact location for a Toyota 4Runner. So the car insurance company that can offer the best rates for your situation may not even be in the top 30 companies in the list above. That point stresses why you need to get auto insurance quotes using your own individual information.

Drive responsibly or pay higher rates

In a perfect world, the ideal way to maintain affordable insurance rates in Madison for a 4Runner is to be an attentive driver and maintain a clean driving record. The information below demonstrates how speeding tickets and at-fault collisions increase insurance premiums for each different age category. Data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

The data above shows the average cost of auto insurance in Wisconsin per year with no accidents or violations is $1,044. Get written up for two speeding tickets and the average cost surges to $1,435, an increase of $391 each year. Next add one accident along with the two speeding tickets and the annual cost of insurance for a Toyota 4Runner increases to an average of $1,823. That’s an increase of $779, or $65 per month, just for not maintaining a clean driving record!

You are probably paying too much for 4Runner insurance

Wisconsin insurance rates are based on many factors that control the policy price. Simply getting older, increasing deductibles, or getting into an accident can trigger rate changes that can cause some rates to be much cheaper than others. Not only may your risk profile change, but car insurance companies file new rates without warning to adjust for unexpected claims or profits. An unexpected high level of claims can cause higher prices, while better underwriting may cause lower-priced 4Runner insurance rates.

To illustrate this example, the data below shows which companies have the cheapest car insurance in Madison, WI for a 40-year-old female driver with no violations or accidents, and good financial standing. When comparing rates based on her personal profile, USAA offers the lowest car insurance rates in Madison at $693 per year. This is $468 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Pekin Insurance, and Nationwide also make the list of the cheapest Madison, WI auto insurance companies.

The next chart shows rates after we give the driver in the first example a claim, a lower credit score, and a traffic ticket or two. Since each auto insurer has a different process for determining rates in each state, comparing insurance quotes could result in a different ranking of the cheapest car insurance companies in Madison as shown below.

Rural Mutual Insurance now has the best price on car insurance in Madison, WI with Integrity Mutual, Western National, Travelers, and Partners Mutual also having competitive pricing. This demonstrates why consumers need to take the time to shop around with many companies when trying to find the cheapest car insurance rates for a Toyota 4Runner.

Insurance prices can be determined by many different factors and can change without notice, so the cheapest option the last time you shopped around may now be quite expensive.