Cheapest 1998 Toyota RAV4 Insurance Rates in 2023
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Jun 3, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
Looking for cheaper insurance coverage rates for your Toyota RAV4? Shopping online for insurance coverage can be complicated if you have never used quoting online. But don’t be discouraged because it’s actually quite easy.
You need to compare rates on a regular basis due to the fact that insurance rates are constantly changing. Despite the fact that you may have had the lowest price on RAV4 insurance on your last policy there is a good chance you can find better rates now. Starting now, forget all the misinformation about insurance coverage because I’m going to teach you the tricks you need to know to find lower rates on insurance coverage.
The purpose of this article is to tell you how car insurance quotes work and some tricks to saving. If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. Although consumers do need to understand the way companies compete online because it can help you find the best coverage.
Discounts are available to cut your rates
Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but less common discounts must be specially asked for before they will apply.
- Anti-lock Brakes – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
- Sign Early and Save – Select companies give a discount for signing up prior to your current policy expiring. It can save you around 10%.
- Good Student Discount – This discount can get you a discount of up to 25%. This discount can apply well after school through age 25.
- No Charge for an Accident – Certain companies will forgive one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
- Student in College – Any of your kids living away from home attending college and do not have a car can be insured at a reduced rate.
- Anti-theft System – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
- No Accidents – Good drivers with no accidents pay less when compared with bad drivers.
Keep in mind that most discounts do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. But all discounts will bring down your overall premium however.
For a list of providers with discount auto insurance rates, click here.
The fastest way that we advise to get rate comparisons is to take advantage of the fact auto insurance companies provide online access to compare rate quotes. The only thing you need to do is give the companies some data including daily mileage, what your job is, your credit rating estimate, and how old drivers are. Your information is instantly provided to many different companies and they provide comparison quotes quickly.
Everyone needs different coverages
When it comes to buying coverage for your personal vehicles, there really is no one size fits all plan. Every insured’s situation is different.
For example, these questions can help discover whether your personal situation might need an agent’s assistance.
- When does my teenage driver need to be added to my policy?
- What is no-fault insurance?
- Is a blown tire covered by insurance?
- How does medical payments coverage work?
- Do I pay less if my vehicle is kept in my garage?
- Where can I find high-risk insurance?
- How much liability coverage do I need in my state?
- When can I cancel my policy?
If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form.
Insurance coverage specifics
Learning about specific coverages of your policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally these coverages are identical to your policy’s liability coverage.
This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like hail damage, damage from getting keyed, rock chips in glass and hitting a deer. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Coverage for liability
Liability coverage provides protection from damage that occurs to other people or property. It protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things like pain and suffering, court costs, attorney fees and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.
Collision coverage protection
Collision insurance will pay to fix damage to your RAV4 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for things like crashing into a ditch, backing into a parked car and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage reimburse you for expenses like dental work, nursing services, chiropractic care, X-ray expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
The bottom line
Discount 1998 Toyota RAV4 insurance can be purchased on the web and also from your neighborhood agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers may not provide online quoting and many times these small, regional companies only sell through independent insurance agents.
You just learned a lot of ways to save on insurance. It’s most important to understand that the more quotes you get, the better your chances of lowering your rates. Consumers may even find the lowest premiums are with the least-expected company.
While you’re price shopping online, you should never buy less coverage just to save a little money. There have been many situations where someone sacrificed liability coverage limits to discover at claim time they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.
Even more information can be read at these sites:
- Booster Seat Ratings (iihs.org)
- Teen Driving and Texting (State Farm)
- What is Full Coverage? (Allstate)
- Medical Payments Coverage (Liberty Mutual)
Frequently Asked Questions
How can I find the cheapest insurance for my 1998 Toyota RAV4?
To find the cheapest insurance for your 1998 Toyota RAV4, you can follow these steps:
- Shop around: Obtain quotes from multiple insurance providers to compare prices and coverage options.
- Increase your deductible: Opting for a higher deductible can lower your insurance premium. However, be sure to choose a deductible that you can comfortably afford to pay in the event of a claim.
- Maintain a clean driving record: Having a history of safe driving without accidents or traffic violations can qualify you for lower insurance rates.
- Consider bundling policies: If you have other insurance needs, such as home or renter’s insurance, bundling them with your auto insurance can often result in discounted rates.
- Explore discounts: Inquire about any available discounts from insurance providers, such as safe driver discounts, multi-policy discounts, or discounts for safety features in your vehicle.
Does the age of my 1998 Toyota RAV4 affect insurance rates?
Yes, the age of your vehicle can impact insurance rates. Generally, older vehicles like the 1998 Toyota RAV4 tend to have lower insurance premiums compared to newer models. This is because older vehicles typically have lower market values, which means the insurance company would pay out less in the event of a total loss. However, insurance rates are also influenced by other factors such as your driving record, location, and coverage options, so it’s essential to consider these factors as well.
Are there specific insurance coverages I should consider for my 1998 Toyota RAV4?
While the specific insurance coverages you choose may depend on your individual needs and circumstances, here are some common coverage options to consider for a 1998 Toyota RAV4:
- Liability coverage: This is typically required by law and helps cover costs if you’re at fault in an accident that causes injury or property damage to others.
- Collision coverage: This coverage pays for damages to your vehicle resulting from a collision with another vehicle or object.
- Comprehensive coverage: This coverage helps protect against non-collision-related damages, such as theft, vandalism, or damage from natural disasters.
- Uninsured/underinsured motorist coverage: This coverage can help cover costs if you’re involved in an accident with a driver who doesn’t have insurance or has insufficient coverage.
- Personal injury protection (PIP) or medical payments coverage: These coverages can help pay for medical expenses resulting from an accident, regardless of who is at fault.
Are there any specific factors that can affect insurance rates for a 1998 Toyota RAV4?
Yes, several factors can influence insurance rates for a 1998 Toyota RAV4, including:
- Location: Insurance rates can vary depending on where you live due to factors like population density, crime rates, and local accident statistics.
- Driving record: A history of accidents, traffic violations, or DUI convictions can increase your insurance rates.
- Age and gender: Younger drivers generally face higher insurance rates, as they are statistically more likely to be involved in accidents. Additionally, gender can also affect rates, as some studies suggest that male drivers may have higher accident risks.
- Annual mileage: The more you drive, the higher the potential risk for accidents, which can impact your insurance rates.
Credit history: In some states, insurance companies may consider credit history as a factor in determining rates, as studies have shown a correlation between credit scores and insurance claims.
Frequently Asked Questions
- What is a named operator policy?
- Will Geico insure a car not in my name?
- What Is Covered in a Jeep Powertrain Warranty? 2023
- Cheapest Jeep Insurance Rates in 2023
- Do trucks cost more to insure?
- How long does a DUI stay on your record?
- Does the Porsche Club of America offer car insurance?
- View All Coverage Questions
Popular Rate Quotes
- Chevrolet Malibu Insurance
- Toyota Rav4 Insurance
- Toyota Camry Insurance
- Honda Accord Insurance
- Toyota Sienna Insurance
- Honda Civic Insurance
- Ford F-150 Insurance
- Nissan Rogue Insurance
- Ford Edge Insurance
Compare Rates and Save
Find companies with the cheapest rates in your area