Toyota 4Runner insurance image courtesy of QuoteInspector.com
Getting discount Baltimore Toyota 4Runner insurance quotes is overwhelming for consumers not familiar with comparing prices on the web. With so many options of companies competing online, how can consumers even start to compare each option to find cheaper insurance prices?
Astonishing but true according to a recent study, a large majority of drivers have been with the same company for well over three years, and nearly the majority have never quoted insurance rates at all. Baltimore drivers could cut their rates by about $750 a year, but they think it's difficult to shop their coverage around.
Smart consumers take time to do rate comparisons before your policy renews because insurance rates are adjusted regularly by insurance companies. Even if you got the best rate on Toyota 4Runner insurance in Baltimore on your last policy you can probably find a lower rate today. There are a lot of ways to save on 4Runner insurance on the web, but by reading this article, you're going to learn a bunch of ideas how to quit paying high insurance rates in Baltimore.
Cheapest Toyota insurance rates in Baltimore
The car insurance companies shown below have been selected to offer free quotes in Baltimore, MD. If you want to find cheaper car insurance in MD, we suggest you compare several of them to find the cheapest car insurance rates.
Toyota 4Runner insurance statistics and information
The coverage table displayed below outlines different insurance costs for Toyota 4Runner models. Learning how insurance policy premiums are calculated can help guide drivers when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 4Runner Sport 2WD | $170 | $232 | $332 | $20 | $100 | $854 | $71 |
| 4Runner SR/5 2WD | $170 | $282 | $332 | $20 | $100 | $904 | $75 |
| 4Runner Sport 4WD | $170 | $282 | $332 | $20 | $100 | $904 | $75 |
| 4Runner SR/5 4WD | $170 | $282 | $332 | $20 | $100 | $904 | $75 |
| 4Runner Trail Edition 4WD | $190 | $334 | $332 | $20 | $100 | $976 | $81 |
| 4Runner Limited 2WD | $190 | $334 | $332 | $20 | $100 | $976 | $81 |
| 4Runner Limited 4WD | $190 | $334 | $332 | $20 | $100 | $976 | $81 |
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Information does not factor in specific location information which can raise or lower rates greatly.
Choosing deductibles
When shopping for auto insurance, a common question is which comprehensive and collision deductibles to buy. The rates shown below illustrate the rate difference when you select higher and lower deductibles. The first rate quote example uses a $250 physical damage deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 4Runner Sport 2WD | $354 | $434 | $346 | $20 | $104 | $1,283 | $107 |
| 4Runner SR/5 2WD | $354 | $528 | $346 | $20 | $104 | $1,377 | $115 |
| 4Runner Sport 4WD | $354 | $528 | $346 | $20 | $104 | $1,377 | $115 |
| 4Runner SR/5 4WD | $354 | $528 | $346 | $20 | $104 | $1,377 | $115 |
| 4Runner Trail Edition 4WD | $394 | $624 | $346 | $20 | $104 | $1,513 | $126 |
| 4Runner Limited 2WD | $394 | $624 | $346 | $20 | $104 | $1,513 | $126 |
| 4Runner Limited 4WD | $394 | $624 | $346 | $20 | $104 | $1,513 | $126 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 4Runner Sport 2WD | $288 | $350 | $346 | $20 | $104 | $1,108 | $92 |
| 4Runner SR/5 2WD | $288 | $426 | $346 | $20 | $104 | $1,184 | $99 |
| 4Runner Sport 4WD | $288 | $426 | $346 | $20 | $104 | $1,184 | $99 |
| 4Runner SR/5 4WD | $288 | $426 | $346 | $20 | $104 | $1,184 | $99 |
| 4Runner Trail Edition 4WD | $320 | $502 | $346 | $20 | $104 | $1,292 | $108 |
| 4Runner Limited 2WD | $320 | $502 | $346 | $20 | $104 | $1,292 | $108 |
| 4Runner Limited 4WD | $320 | $502 | $346 | $20 | $104 | $1,292 | $108 |
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in Baltimore location which can decrease or increase coverage rates noticeably.
Based on these figures, using a $250 deductible will cost you approximately $17 more each month or $204 for a full year than opting for the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 15 months between claims, you would probably come out ahead if you opt for a higher deductible.
The illustration below shows how choosing a deductible and can affect Toyota 4Runner premium costs for different categories of driver ages. The costs are based on a married female driver, full coverage, and no other discounts are factored in.
Cautious drivers save money
The information below shows how speeding tickets and at-fault accidents drive up Toyota 4Runner premium costs for each different age category. The premiums are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
Rate comparison of full coverage and liability-only
The chart below visualizes the comparison of Toyota 4Runner car insurance costs with full physical damage coverage and with liability coverage only. The data assumes no accidents or driving violations, $100 deductibles, single status, and no additional discounts are factored in.
Guidelines for eliminating full coverage
There is no definitive formula that is best for determining when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.
For example, let's say your Toyota 4Runner settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If you are paying more than $600 a year to have full coverage, then it might be time to buy liability only.
There are some situations where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
Baltimore insurance discounts for a Toyota 4Runner
Insurance is easily one of your largest bills, but there's a good chance there are discounts to cut the cost considerably. Some trigger automatically at the time of purchase, but a few must be requested specifically before being credited. If you're not getting every credit available, you're just leaving money on the table.
- Switch and Save Discount - Some companies reward drivers for switching to them before your current 4Runner insurance policy expires. This discount can save up to 10%.
- E-sign - Many insurance companies will give you a small discount for buying your policy over the internet.
- ABS and Traction Control Discounts - Vehicles that have anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
- Theft Deterrent - Vehicles optioned with advanced anti-theft systems can help prevent theft and will save you 10% or more on 4Runner insurance in Baltimore.
- Pay Early and Save - By paying your entire bill at once as opposed to paying monthly you may have a lower total premium amount.
- Responsible Driver Discount - Insureds without accidents can save up to 40% or more on their Baltimore auto insurance quote compared to rates paid by drivers with frequent claims.
- Fewer Miles Equal More Savings - Fewer annual miles on your Toyota can qualify you for lower insurance rates on the low mileage vehicles.
- Claim Free - Insureds who avoid accidents and claims pay much less in comparison to policyholders that have many claims.
- Discounts for Federal Employees - Active or retired federal employment could provide a small rate reduction with a few insurance companies.
- Waiver for an Accident - Not a discount per se, but companies like GEICO and Allstate will let one accident slide before they charge you more for coverage so long as you haven't had any claims prior to being involved in the accident.
Discounts save money, but please remember that some credits don't apply to the whole policy. Some only apply to the cost of specific coverages such as comp or med pay. So when the math indicates all those discounts means the company will pay you, nobody gets a free ride. Any amount of discount will help reduce the premium cost.
The chart below visualizes the comparison of Toyota 4Runner insurance premiums with and without some available policy discounts. The prices are based on a female driver, no claims or violations, Maryland state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, claim-free, multi-car, and homeowner discounts applied.
Auto insurance companies that possibly offer some of the above discounts include:
When getting free Baltimore auto insurance quotes, it's a good idea to each company or agent which discounts you may be entitled to. Some discounts listed above may not apply to policyholders in Baltimore.
Compare prices but buy from a local Baltimore insurance agent
A lot of people just want to sit down with an agent. A good thing about getting free rate quotes online is the fact that drivers can get the best rates but also keep your business local.
Once you complete this simple form, the coverage information is instantly submitted to insurance agents in Baltimore that can give you free Baltimore auto insurance quotes for your coverage. It's much easier because you don't need to find an agent on your own since price quotes are sent to you directly. You can find the lowest rates AND an agent nearby. If you need to get a comparison quote from a specific company, feel free to navigate to their website and fill out the quote form the provide.
Choosing the best company needs to be determined by more than just a cheap price quote. These are some valid questions you should ask.
- What kind of financial rating does the company have?
- How does the company pay claims for a total loss?
- Does the agent recommend any additional coverage?
- Do they prorate repair cost based on vehicle mileage?
- Can they provide you with a list of referrals?
- How often do they review coverages?
- Does the quote include credit and driving reports?
After you get answers to your satisfaction to any questions you have and locked in a price quote, it's a good possibility that you have found an insurer that meets your needs to insure your vehicles.
Persistence pays off
Throughout this article, we presented many ways to reduce Toyota 4Runner insurance rates online in Baltimore. The most important thing to understand is the more you quote Baltimore auto insurance, the higher the chance of saving money. You may even discover the best price on auto insurance is with a lesser-known regional company.
A few companies do not provide the ability to get quotes online and these regional carriers sell through independent agents. Cheap Toyota 4Runner insurance in Baltimore can be sourced on the web and with local Baltimore insurance agents, and you need to comparison shop both to get a complete price analysis.
Consumers change insurance companies for a number of reasons such as delays in paying claims, denial of a claim, not issuing a premium refund or even unfair underwriting practices. Whatever your reason, choosing a new company is easier than you think.
How to find low-cost rates for Toyota 4Runner insurance in Baltimore
Truthfully, the best way to find cheaper quotes for car insurance rates is to start comparing prices yearly from insurers in Baltimore. You can compare prices by following these steps.
Step 1: Take a few minutes and learn about what is in your policy and the modifications you can make to prevent high rates. Many rating factors that drive up the price like getting speeding tickets and a lousy credit rating can be improved by making small lifestyle or driving habit changes.
Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple companies.
Step 3: Compare the new rate quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
One thing to point out is that you use the same amount of coverage on each quote and and to get prices from as many car insurance companies as possible. This guarantees a fair price comparison and many rates to choose from.
Much more information about auto insurance in Maryland can be read below:
- Cellphones, Texting and Driving (iihs.org)
- Who Has Cheap Auto Insurance for Uninsured Drivers in Baltimore? (FAQ)
- How Much is Baltimore Car Insurance for a Company Car? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Retired Military in Baltimore? (FAQ)
- Who Has Cheap Car Insurance for Welfare Recipients in Baltimore? (FAQ)
- Who Has the Cheapest Baltimore Auto Insurance Quotes for a Nissan Altima? (FAQ)
- Auto Insurance 101 (About.com)
- Choosing an Insurance Company (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)