Cheap Insurance for Toyota RAV-4 in 2020

  • Chris Teague
  • 8/18/2020

The Toyota RAV4 is a safe and efficient crossover, making it one of the easier vehicles to insure at a decent price.

Who has the cheapest insurance for the Toyota RAV4?

GEICO is generally your best bet. But it pays to shop around.

We sampled information from a number of sources and developed a range of what insurance should cost for your Toyota RAV4. That said, it’s important to note that insurance data can take a while to make its way to the public, so the rates we’re listing here are for a 2018 RAV4. Rates should be quite similar to what you’ll see to insure a 2020 model, but be aware that there may be some differences. Also, remember that insurance rates vary wildly from place to place and from driver to driver, so what you see here should only be used as a guide, not as a way to find your exact insurance rates.

Also note that our research focused on the cheapest insurance, which is different from factoring in customer service and other considerations.

DISCLAIMER: There are many factors that determine insurance rates for your Toyota RAV4.

Who has the best cheap insurance for my Toyota RAV4?

  • Cheapest Large Insurance Carrier: GEICO - The insurance giant’s rates for the Toyota RAV4 undercut the closest national competition by well over $100.
  • Best Overall: Erie - The insurance company’s coverage area is large and growing, but if you don’t live in one of the 12 states it covers, you’re out of luck.
  • Best Insurance in All 50 States: If you can get it, Erie’s a great choice. Outside of its coverage area, it’s GEICO’s world.

How much does insurance for my RAV4 cost?

We worked to get quotes from all major insurers, but some do not provide public rates without going through the quote process. The rates you see below represent the most recent and most available public rates for the Toyota RAV4.

Rates we found
GEICO$529
Erie*$711
USAA*$529
Progressive$740

(*)Regional or specialty carrier that may not offer service in all areas or to all applicants.

Who are the nation’s best insurers for the Toyota RAV4?

  • GEICO - GEICO is the second largest insurer in the United States, and for good reason. The auto insurance giant offers some of the best rates and customer service in the business. GEICO policies can be upgraded in a number of ways, including emergency roadside service, rental car reimbursement, mechanical breakdown insurance, accident forgiveness, and a program that can cover your RAV4 if you use it for a ridesharing service like Lyft or Uber.

  • Erie - Though it only covers 12 states, Erie insurance is a strong choice for auto insurance, and deserves a spot on our list. Drivers in Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia can enjoy Erie’s excellent coverage and service. The company offers all sorts of benefits for its customers, including accident forgiveness, travel expense coverage, pet injury coverage, glass repair, locksmith service, and coverage of personal items.

  • USAA - If your a current member of the military, a veteran, or a family member, USAA offers solid coverage at a great price. The company offers discounts for nearly everything under the sun, from safe driver discounts to multi-vehicle discounts, to good student discounts.

  • Progressive - The house that Flo built offers good coverage with a wide variety of discounts and add-ons that makes them a compelling choice for any driver. They’re not the cheapest, but they make up for it with benefits like gap insurance, coverage for custom parts and equipment, pet injury protection, and an opt-in program to reduce your deductible over time.

How can you get discounts on insurance for your Toyota RAV4?

Fortunately, there are a million discounts that you can apply to drop your insurance cost significantly. When we got quotes, we didn’t select any of these, but they were all questions on the quote engine that would impact the overall insurance rate:

  • Pay in full - Not every insurer offers this, but if you can afford to pay in advance for either a six-month or annual premium, some companies will offer a small discount.

  • Safety Features - If your new RAV4 comes with advanced safety features such as blind spot monitors, radar cruise control, or collision avoidance, you might be eligible for discounts through your insurer’s safety programs. It always pays to bring it up to your agent to find out.

  • Clean Driving Record - This one’s easy, right? Not so fast. You can only control yourself, so wrecks and other hazards may be out of your control. Insurers tend to increase wrecks for at-fault accidents, so be sure to stay on your toes and drive carefully.

  • Maintain Good Credit - Yes, insurers may take a look at your credit score to determine how much you should be paying for car insurance. Try your hardest to make payments on time and stay on top of your financial life to get the best insurance rates.

FAQ

Is the Toyota RAV4 or Honda CRV cheaper to insure?

It really doesn’t matter. You’ll see some difference in trim levels on older vehicles, but that’s often because they don’t have the same levels of advanced safety equipment. All RAV4s and CRVs regardless of trim have technology like automatic emergency braking, and therefore are on pretty equal footing in terms of insurance cost.

Why are my insurance rates so high?

The short answer is that you probably live in what your insurance company considers to be a high-risk area, like a large city. Otherwise, insurers consider a long list of factors to determine your rates, from your driving record to your credit history, so it’s important that you understand what you’re being charged for and how you might be able to fix it.

How can I get super cheap insurance for my Toyota RAV4?

You’re not going to get full coverage insurance for a much better price than what GEICO’s offering. The other way to get super cheap insurance is to opt for minimum coverage, which will vary depending on your state. This can save you a ton of money, but may lead to some real financial pain if you get in a wreck. If you opt for the bare minimum, make sure you’re able to deal with repairing or replacing your RAV4 out of pocket.

Are older Toyota RAV4s cheaper to insure?

Yes and no. Rates may be cheaper for an older RAV4 because they’re typically cheaper to buy. On the flip side, older models may be missing many of the advanced features that insurers look for when doling out discounts and rate reductions.

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