Auto Insurance Quotes for a Toyota Land Cruiser in Columbus

Discount Toyota Land Cruiser insuranceThe best way we recommend to get budget Toyota Land Cruiser insurance is to regularly compare quotes from insurers in Columbus.

  1. Take a little time to learn about how insurance companies determine prices and the measures you can take to prevent rate increases. Many rating factors that drive up the price like traffic violations, accidents, and a less-than-favorable credit history can be remedied by making lifestyle changes or driving safer.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like GEICO and State Farm, while agents who are independent can quote rates from multiple sources. View insurance agents
  3. Compare the new rates to the price on your current policy to see if cheaper Land Cruiser coverage is available. If you find better rates, make sure coverage does not lapse between policies.
  4. Give proper notification to your current agent or company of your decision to cancel your existing policy. Submit any necessary down payment along with the completed application to the new company. Once the paperwork is finalized, place your new certificate verifying proof of insurance in an easily accessible location.

A good tip to remember is that you’ll want to make sure you compare the same level of coverage on every quote and and to get price quotes from as many companies as you can. Doing this guarantees the most accurate price comparison and a complete price analysis.

Unthinkable but true, most insurance policyholders in Ohio have purchased from the same company for at least the last four years, and almost half have never compared quotes from other companies. Many consumers in America could cut their rates by almost $860 a year by just shopping around, but they assume it’s a waste of time to save money by comparing rate quotes.

Most larger insurance companies like Allstate, GEICO and Progressive allow consumers to get coverage prices directly from their websites. Getting quotes for Toyota Land Cruiser insurance in Columbus can be done by anyone as you just enter your coverage information into the quote form. Behind the scenes, the system will order information on your driving record and credit history and returns pricing information. The ability to get online rates for Toyota Land Cruiser insurance in Columbus makes it a lot easier to compare rates and it’s very important to compare as many rates as possible if you are searching for the best rate on insurance.

To quickly fill out one form to compare multiple rates now, check out the insurance providers below. If you have a policy now, it’s recommended that you enter the coverage information just like they are on your policy. This guarantees you will receive comparison quotes for similar insurance coverage.

The providers in the list below are our best choices to provide comparison quotes in Columbus, OH. If several companies are displayed, we suggest you compare several of them to get the cheapest price.

Toyota Land Cruiser insurance analysis

The coverage table displayed next covers different insurance prices for Toyota Land Cruiser models. Understanding how car insurance premiums are figured can aid in making smart choices when purchasing an auto insurance policy.

Toyota Land Cruiser Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $186 $376 $256 $16 $76 $910 $76
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Estimates do not factor in specific location information which can modify prices noticeably.

Raise deductibles and save

One frequently asked question is which deductible level should you buy. The comparisons below may help to conceptualize the differences in price when you select higher and lower physical damage deductibles. The first table uses a $100 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Toyota Land Cruiser insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $296 $542 $226 $14 $68 $1,171 $98
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Toyota Land Cruiser insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $164 $286 $226 $14 $68 $758 $63
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in vehicle garaging location which can raise or lower auto insurance rates noticeably.

Based on the figures above, using a $100 deductible will cost you about $35 more each month or $420 annually than selecting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 26 months between claim filings, you would come out ahead going with the higher deductible. Below is the way you can make your own decision.

Average monthly premium for $100 deductibles: $98
Average monthly premium for $1,000 deductibles (subtract): – $63
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One important caveat is that a higher deductible level means you will have to pay more out-of-pocket when you have a physical damage claim. You need enough disposable income in the event you have to pay the deductible for vehicle repair.

Do you need full coverage?

The diagram below illustrates the difference between Toyota Land Cruiser annual premium costs when comparing full coverage to state minimum liability only. The premiums assume no violations or claims, $1,000 deductibles, single marital status, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no set guideline to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Toyota Land Cruiser replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after you pay the deductible. If you are paying over $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

You Can Change Your Insurance Premiums

Lots of things are part of the calculation when pricing auto insurance. Some are pretty understandable such as your driving record, although some other factors are more transparent such as whether you are married or your vehicle rating. Consumers need to have an understanding of the different types of things that help determine the level of your policy premiums. If you have some idea of what determines base rates, this allows you to make good choices that could result in big savings.

The list below includes just a few of the factors used by insurance companies to determine your rate level.

Your car’s features help determine prices – Buying a car that has a built-in theft deterrent system can get you a discount on your insurance. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft.

Having a spouse can save you money – Having a significant other can actually save you money when buying insurance. It generally demonstrates drivers are more financially stable and insurance companies reward insureds because being married results in fewer claims.

Rates increase with driving citations – A bad driving record has a big impact on rates. Having a single speeding ticket or other violation can increase rates forty percent or more. Good drivers pay lower auto insurance prices than their less careful counterparts. Drivers unfortunate enough to have multiple violations like DUI or willful reckless driving may be required to maintain a SR-22 with their state’s licensing department in order to prevent their license from being revoked.

The chart below demonstrates how speeding tickets and accident claims drive up Toyota Land Cruiser insurance costs for each different age category. The premium estimates are based on a single male driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

Rates may be higher where you live – Residing in a rural area can be a good thing when shopping for auto insurance. Lower population translates into fewer accident claims and also fewer theft and vandalism claims. City drivers have traffic congestion and more time behind the wheel. Spending more time driving means more chances of being involved in an auto accident.

Vehicles with better crash test results save money – Cars with high safety ratings are cheaper to insure. The safest vehicles have better occupant injury protection and reduced instances of injuries translates into fewer and smaller insurance claims and thus lower rates. If your Toyota earned at least four stars on or an “acceptable” rating on it may be receiving lower rates.

Insurance loss data for Toyota Land Cruiser vehicles – Car insurance companies analyze past claim statistics when setting rates for each model. Vehicles that have higher frequency or amount of claims will cost more for specific coverages. The next table illustrates the insurance loss data used by companies for Toyota Land Cruiser vehicles.

For each coverage category, the claim amount for all vehicles combined as an average is represented as 100. Percentage numbers below 100 indicate better than average losses, while values over 100 indicate a higher chance of having a claim or tendency to have larger claims.

Car Insurance Loss Data for Toyota Land Cruiser Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Land Cruiser 4dr 4WD 94 88 171

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Why you need insurance

Despite the fact that insurance is not cheap in Columbus, maintaining insurance is required in Ohio but it also protects you in many ways.

First, almost all states have mandatory liability insurance requirements which means the state requires a minimum amount of liability if you want to drive legally. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your vehicle, almost every bank will make it a condition of the loan that you carry insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may insure your Toyota at a much higher rate and require you to pay a much higher amount than you were paying before.

Third, insurance protects both your Toyota Land Cruiser and your personal assets. Insurance will pay for hospital and medical expenses that are the result of an accident. One policy coverage, liability insurance, will also pay attorney fees if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will cover the repair costs.

The benefits of insuring your Land Cruiser greatly outweigh the cost, particularly when you have a large claim. As of last year, the average driver in Ohio overpays as much as $865 each year so compare rates at every policy renewal to save money.