It’s astonishing, but the vast majority of consumers have stayed with the same insurance company for a minimum of four years, and roughly 40% of drivers have never even compared quotes to find cheaper rates. Baltimore drivers could save themselves approximately 55% a year, but they don’t invest the time required to compare rates online.
The best way we recommend to save money on Toyota Rav4 insurance is to start comparing prices yearly from providers that insure vehicles in Baltimore.
- First, get a basic knowledge of the different coverages in a policy and the things you can change to keep rates down. Many rating criteria that cause high rates such as accidents, careless driving, and poor credit history can be improved by making minor changes to your lifestyle. Continue reading for ideas to prevent high rates and get discounts that may be overlooked.
- Second, compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple companies.
- Third, compare the new rates to the premium of your current policy to see if cheaper Rav4 coverage is available. If you find better rates and decide to switch, make sure coverage is continuous and does not lapse.
The key thing to know about shopping around is to try to use identical deductibles and limits on each quote and to quote with as many different insurance providers as possible. Doing this provides an apples-to-apples comparison and a thorough selection of prices.
The companies in the list below are our best choices to provide free rate quotes in Baltimore, MD. To buy the best cheap auto insurance in MD, it’s a good idea that you get rate quotes from several of them in order to find the most competitive rates.
Insurance rate breakdown
The coverage information shown below showcases estimates of coverage prices for Toyota Rav4 models. Being aware of how auto insurance prices are calculated can help guide drivers when making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Sport 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Sport 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Sport 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Sport 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 4WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
| RAV4 Limited 2WD | $188 | $326 | $414 | $24 | $124 | $1,076 | $90 |
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in your specific Baltimore location which can raise or lower prices greatly.
How careless driving impacts insurance rates
The example below shows how violations and at-fault fender-benders increase Toyota Rav4 auto insurance costs for each age group. The premium estimates are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.
Why you need quality insurance for your Toyota Rav4
Even though it’s not necessarily cheap to insure a Toyota in Baltimore, paying for car insurance is required in Maryland but it also protects you in many ways.
- The majority of states have mandatory insurance requirements which means the state requires a specific minimum amount of liability coverage in order to drive the car. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your Toyota Rav4, most banks will force you to have full coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Toyota at a more expensive rate and force you to pay much more than you were paying before.
- Insurance protects both your assets and your Toyota. Insurance will pay for many types of medical costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of an accident. If your car is damaged in a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying car insurance definitely exceed the price paid, specifically if you ever have a liability claim. But the average driver in Maryland is currently overpaying as much as $700 annually so compare rates at every renewal to help ensure money is not being wasted.
Five factors that determine insurance costs
Many factors are considered when quoting car insurance. Some are pretty understandable such as your driving history, but some are more obscure like your vehicle usage and annual miles driven. Smart consumers have a good feel for the rating factors that play a part in calculating the rates you pay for car insurance. When you know what positively or negatively influences your rates, this enables informed choices that will entitle you to much lower annual insurance costs.
Listed below are some of the major factors car insurance companies consider when setting your prices.
- Is your vehicle theft-ready? – Buying a car that has a built-in theft deterrent system can help lower your rates. Theft deterrent systems such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder car theft and help bring rates down.
- Buy a safe car and pay less – Cars with high safety ratings tend to have better insurance rates. Vehicles built for safety reduce injuries and fewer injuries means lower claim amounts which can mean better rates for you. If your Toyota Rav4 scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
- Continuous coverage saves money – Allowing your coverage to lapse can be a fast way to drive up your policy premiums. And not only will your rates increase, getting caught without coverage may earn you fines and jail time. You may have to file a SR-22 with the Maryland motor vehicle department.
- More stress means more cost – Careers like military personnel, police officers, and medical professionals tend to have higher premiums than the average policyholder attributed to stressful work requirements and lengthy work days. Conversely, professions such as actors, students and homemakers pay the least.
- Consider raising deductibles – Comprehensive and collision coverage deductibles define the amount you are willing to pay out-of-pocket before a claim is paid by your company. Coverage for physical damage, also called comprehensive and collision insurance, insures against damage to your car. Some instances where coverage would apply could be collision with another vehicle, damage caused by hail, and damage caused by road hazards. The more of the claim you pay before a claim is paid (deductible), the less your car insurance will be.
Find affordable rates by comparing often
Low-cost Toyota Rav4 insurance in Baltimore can be sourced online and also from your neighborhood Baltimore agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some auto insurance companies may not have rates over the internet and usually these smaller providers work with local independent agencies.
We just covered some good ideas how you can find affordable Toyota Rav4 insurance in Baltimore. The key thing to remember is the more rate comparisons you have, the higher your chance of finding low cost Baltimore car insurance quotes. You may even be surprised to find that the best rates are with a small mutual company.
When buying insurance coverage, make sure you don’t reduce needed coverages to save money. There are too many instances where drivers have reduced physical damage coverage only to regret at claim time that the savings was not a smart move. The goal is to purchase a proper amount of coverage for the lowest price while still protecting your assets.
Much more information about auto insurance in Maryland is available at the links below
- Event Data Recorders FAQ (iihs.org)
- Who Has Cheap Auto Insurance for Teenage Males in Baltimore? (FAQ)
- What Insurance is Cheapest for a Honda Civic in Baltimore? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Active Military in Baltimore? (FAQ)
- Who Has Cheap Auto Insurance for Good Students in Baltimore? (FAQ)
- Who Has Cheap Baltimore Auto Insurance Rates for Hybrid Vehicles? (FAQ)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Child Safety FAQ (iihs.org)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)