Buying cheap car insurance for a Toyota RAV4 in Indiana relies on a lot of rating factors such as whether you are male or female, whether or not you have prior claims, and any prior driving offenses. Drivers in Indiana pay on average $751 annually to insure their RAV4, but that price is an estimate based on a 40-year-old single male driver with full coverage and $1,000 deductibles.
There’s a good chance you are not 40 years old and maybe not even male, maybe you are married instead of single, or maybe you have a teenager that needs to be on your policy. Even a slight change in rating factors or requested coverage amount may result in a big change in the cost of insurance for a Toyota RAV4.
Car insurance coverage is unique to each driver, so this is why the only way to find the cheapest coverage for your Toyota is to just compare rates yourself. Quotes only take a few minutes and you will receive price comparisons from the best auto insurance companies that insure Toyota vehicles in Indiana.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| RAV4 Sport 2WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| RAV4 4WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| RAV4 Limited 2WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| RAV4 Limited 4WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| RAV4 Limited 4WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| RAV4 Sport 4WD | $132 | $264 | $340 | $20 | $102 | $858 | $72 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates greatly.
Finding decent, cheap auto insurance is not easy, and figuring out which company quotes the most affordable car insurance rates for a Toyota RAV4 may require even more diligence. Each auto insurance company uses a little different formula for determining rates, so first let’s look at the rankings for the car insurance companies with the most affordable rates in Indiana.
Cheap Insurance Rates for Your Toyota
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $602 |
| 2 | Cincinnati Insurance | $658 |
| 3 | USAA | $681 |
| 4 | Erie | $712 |
| 5 | Indiana Farmers Mutual | $849 |
| 6 | Western Reserve | $872 |
| 7 | The Hartford | $889 |
| 8 | Auto-Owners | $906 |
| 9 | Nationwide | $930 |
| 10 | Utica National | $956 |
| 11 | Hastings Mutual | $983 |
| 12 | Motorists Mutual | $996 |
| 13 | State Farm | $997 |
| 14 | Safeco | $1,003 |
| 15 | Farmers | $1,022 |
| 16 | GEICO | $1,089 |
| 17 | Westfield | $1,094 |
| 18 | Wolverine Mutual | $1,105 |
| 19 | Progressive | $1,128 |
| 20 | State Auto | $1,131 |
| Find Your Rate Go | ||
Travelers offers some of the cheapest car insurance rates in Indianapolis at around $602 per year. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also make the cut as some of the cheapest Indianapolis, IN auto insurance companies.
As shown in the rates above, if you buy coverage from Erie and switched to Travelers, you could see savings of roughly $110. Insureds with Indiana Farmers Mutual may save as much as $247 a year, and Western Reserve insureds might lower prices by up to $270 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or click several companies below for low rates.
It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and and are not calculated with a specific vehicle garaging location for a Toyota RAV4. So the insurer that has the cheapest price for you may not even be in the top 36 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.
Full coverage versus liability-only in Indianapolis
Finding the cheapest car insurance is probably important to the majority of drivers, and one of the easiest ways to pay lower rates for insurance for a Toyota RAV4 is to buy only liability coverage. The diagram below compares car insurance rates when comparing full coverage to liability only. The premiums assume no violations or claims, $100 deductibles, single marital status, and no discounts are taken into consideration.
If averaged out across all ages, full coverage costs an extra $1,914 per year over liability only. Lot’s of drivers question if buying full coverage is worth the expense. There is no definitive formula to stop buying physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
There are some situations where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Get discounts on Indianapolis insurance rates
Insurance companies that offer quotes for a Toyota RAV4 may provide policy discounts that can lower rates by 35% or more if you meet specific eligibility requirements. Companies and their possible discounts include:
- The Hartford may offer discounts for bundle, vehicle fuel type, driver training, air bag, and defensive driver.
- American Family may include discounts for early bird, multi-vehicle, Steer into Savings, defensive driver, good driver, and mySafetyValet.
- Progressive policyholders can earn discounts including continuous coverage, online signing, multi-vehicle, multi-policy, homeowner, online quote discount, and good student.
- Travelers includes discounts for multi-policy, IntelliDrive, driver training, multi-car, save driver, new car, and student away at school.
- Farmers Insurance has discounts for pay in full, early shopping, good student, electronic funds transfer, and bundle discounts.
- USAA offers discounts for safe driver, family discount, military installation, loyalty savings, new vehicle, and good student.
- Liberty Mutual may have discounts that include teen driver discount, exclusive group savings, hybrid vehicle, newly married, newly retired, and safety features.
The information below illustrates the difference between premium costs with and without discounts applied to the policy rates. The information is based on a male driver, no claims or violations, Indiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, vehicle safety, multiple vehicle, homeowner, accident-free, and defensive driving course discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for a Toyota RAV4 is 28% or $388.
The Indianapolis auto insurance agencies shown below are willing to help you determine which coverages you need, as lots of drivers aren’t clear which coverage they need and would like to have the advice of a professional agent when trying to find the best insurance rates for a Toyota RAV4. It’s not always easy to find the best coverage on your own, and getting advice from a licensed Indiana insurance agent can give satisfaction knowing your coverage gives you suitable coverage if you have an accident.
To find an agent close to where you live, click the button below the list or click here to compare price quotes now.
Indiana State Agency
2425 N Meridian St – Indianapolis, IN 46208 – (317) 923-7722
Allstate Insurance: Donald Oldham
303 N Alabama St #360 – Indianapolis, IN 46204 – (317) 687-0777
McGowan Insurance Group, Inc.
355 Indiana Ave – Indianapolis, IN 46204 – (317) 464-5000
Find an Indianapolis, IN insurance agent near you
How to find more affordable auto insurance for a Toyota RAV4
Here are a few thrifty ideas that can help drivers get low-cost auto insurance.
- Increase your comprehensive and collision deductibles
- Drop full coverage on older vehicles
- Too many claims can make car insurance unaffordable
- Drivers with good credit ratings often pay less
- Buy vehicles with five-star safety ratings
- Save money by bundling your home and auto policies
- Compare quotes from other companies often
That last piece of advice is incredibly vital, as we discussed in the article above. Car insurance prices in Indianapolis adjust frequently, so don’t be unwilling to change insurance companies if a lower-cost policy is available. Being loyal to a particular company is commendable, but it’s not a good idea if your bullheadedness ends up costing you several hundred dollars every year. In just a few minutes you could compare rates to find cheaper auto insurance for a Toyota RAV4.