Finding economical auto insurance for a Toyota RAV4 is pretty easy to do, but it is dependent upon many different factors such as whether you are married, your credit score, and any prior driving offenses you have. Wisconsin drivers pay on average $534 each year for RAV4 insurance, but that figure is a projection based upon a 30-year-old married male driver with full coverage and $1,000 deductibles.
It’s more than likely you are not 30 years old and maybe not even male, single instead of married, or maybe you just want liability only instead of full coverage. Just a minor difference in the criteria used to calculate rates can make a big difference in the cost of insurance.
Auto insurance requires individual risk assessment, so the way we recommend to find the cheapest rates for your Toyota is to compare rates from as many companies as possible. It takes less than five minutes and you will receive price comparisons from the cheapest companies that insure vehicles in Wisconsin.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| RAV4 Sport 2WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| RAV4 4WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| RAV4 Limited 2WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| RAV4 Limited 4WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| RAV4 Limited 4WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| RAV4 Sport 4WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Information does not factor in specific garaging location which can lower or raise insurance rates noticeably.
Establishing which company has the lowest-priced auto insurance rates for a Toyota RAV4 takes a little more work than just quoting one company’s rates. Every auto insurer has a unique formula to set policy rates, so let’s look at the rankings for the most competitive auto insurance companies in Wisconsin.
We do need to point out that Milwaukee auto insurance rates are influenced by many factors that can increase the policy premium. Getting older, buying a different home, or getting a reckless driving citation can trigger changes in premium that can cause some rates to be cheaper than before.
Best Car Insurance Prices for Your Toyota
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $580 |
| 2 | Partners Mutual | $614 |
| 3 | Erie | $724 |
| 4 | Rockford Mutual | $732 |
| 5 | Rural Mutual Insurance | $756 |
| 6 | Nationwide | $768 |
| 7 | Pekin Insurance | $775 |
| 8 | Integrity Mutual | $786 |
| 9 | Western National | $801 |
| 10 | Travelers | $820 |
| 11 | West Bend Mutual | $899 |
| 12 | The Hartford | $922 |
| 13 | State Farm | $923 |
| 14 | General Casualty | $964 |
| 15 | Auto Club Group | $977 |
| 16 | Progressive | $1,118 |
| 17 | American Family | $1,159 |
| 18 | Auto-Owners | $1,160 |
| 19 | Farmers | $1,176 |
| 20 | GEICO | $1,202 |
| Quote Your Rates Go | ||
USAA may offer some of the best car insurance rates in Milwaukee at around $580 annually. This is $581 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance also make the cut as some of the more affordable Milwaukee, WI auto insurance companies.
As illustrated above, if you currently have a policy with Erie and switched to USAA, you could realize an annual premium reduction of about $144. Insureds with Rockford Mutual may save as much as $152 a year, and Rural Mutual Insurance insureds might lower prices by up to $176 a year.
To see if you’re overpaying, click here to get a free quote or feel free to get quotes from the companies below.
It’s important to note that these estimates are averaged across all types of insureds and vehicles and and are not figured with a vehicle location for a Toyota RAV4. So the company that can offer you the lowest price may not even be in the list above. That’s why you need to quote rates from many companies using your own driver information and specific vehicle type.
Do you need full coverage?
Saving on auto insurance is the goal of most people, and an easy way to save on the cost of insurance for a Toyota RAV4 is to not buy comprehensive and collision coverage. The illustration below illustrates the difference between annual premium costs with and without full coverage. The information is based on no claims, a clean driving record, $500 deductibles, marital status is single, and no policy discounts are applied.
On average, comprehensive and collision coverage on your policy costs $1,291 per year over liability only. At some point, every insured wonders if physical damage coverage is worth the money. There isn’t a written rule of when to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
Types of discounts on Milwaukee auto insurance
Insurance companies that offer cheap quotes for a Toyota RAV4 may also provide rate discounts that can lower rates by as much as 25% or more if you meet specific eligibility requirements. Popular auto insurance companies and some of their more popular discounts are included below.
- State Farm offers premium reductions for multiple policy, good student, driver’s education, defensive driving training, multiple autos, Drive Safe & Save, and anti-theft.
- Nationwide offers discounts including defensive driving, Farm Bureau membership, multi-policy, family plan, and business or organization.
- GEICO offers discounts for five-year accident-free, multi-vehicle, daytime running lights, federal employee, good student, military active duty, and driver training.
- AAA has discounts for anti-theft, education and occupation, pay-in-full, good driver, multi-policy, and multi-car.
- 21st Century may include discounts for early bird, automatic seat belts, theft prevention, driver training, and student driver.
- The Hartford has savings for driver training, vehicle fuel type, bundle, good student, defensive driver, and air bag.
The illustration below compares auto insurance rates with and without discounts applied to the policy premium. The premiums assume a male driver, a clean driving record, no at-fault accidents, Wisconsin state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, homeowner, safe-driver, passive restraint, defensive driving course, and claim-free discounts applied. When discounts are factored in, theamount saved on auto insurance for a Toyota RAV4 is 27% or $432.
Here’s why you should compare rates often
Milwaukee, WI auto insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay for coverage. Turning one year older, buying another vehicle, or getting a couple of tickets can trigger price changes that can cause some rates to be cheaper than others.
And not only may your rating factors change, but insurance companies amend premium rates at least once a year in order to maintain liquidity for claims. A period of higher than normal claims may cause more expensive premiums, while lower claim expenses can cause lower-priced RAV4 insurance rates.
For instance, the bar chart below shows rates for the cheapest car insurance in Milwaukee, WI for a 40-year-old male driver with a clean driving record, no accidents, and great credit. When quoting prices based on his current situation, USAA may offer the cheapest car insurance rates in Milwaukee at $874 per year. This is $287 less than the average price paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are the remaining top five cheapest Milwaukee, WI auto insurance companies.
Now we will pretend the driver from above a chargeable accident, a lower credit score, and a stop sign violation. Because each company uses their own method for determining prices, comparing insurance quotes most likely will result in a new list of the cheapest car insurance companies in Milwaukee as shown below.
Western National now has the best auto insurance rate in Milwaukee with Rural Mutual Insurance, Integrity Mutual, Travelers, and Partners Mutual now rounding out the top five. This example demonstrates why drivers need to perform an extensive rate comparison to get affordable auto insurance rates for a Toyota RAV4. Prices consist of many things and change dramatically, so the cheapest company the last time you shopped your coverage around may now be wasting a lot of money.
How to find low-cost car insurance for a Toyota RAV4
Below you’ll find some money-saving ideas that can help you buy cheaper car insurance.
- Too many claims can make car insurance unaffordable
- Increase deductibles to save money
- Buy your homeowners policy from the same company as your auto insurance
- Increase your credit score
- Full coverage is expensive so only insure older vehicles for liability only
- Buy a safer vehicle
- Compare rate quotes frequently
The last item on the list is particularly critical, as was noted in this piece. Car insurance rates in Milwaukee vary considerably, so drivers shouldn’t hesitate to switch carriers if a cheaper price is available. Many consumers stick with the same company and that’s fine, but it’s not a good idea if that loyalty results in overpaying hundreds of dollars year after year. In just a couple of minutes you could compare rates to find cheaper insurance for a Toyota RAV4.