Cheapest 2002 Toyota 4Runner Insurance Rates in 2023

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 20, 2022

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Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Unfortunately, many consumers feel financially strained by their car insurance policy, and if that’s the case, we’re here to help.

Multiple auto insurance companies compete for your hard-earned dollars, so it can be difficult to choose an insurer on top of trying to find the absolute best price available. If you’re looking to minimize your Toyota 4Runner insurance cost, or the cost of any other vehicle policy, we’re here to help by offering some solutions.

If you currently have an auto insurance policy, or you’re looking for better insurance on a Toyota 4Runner, you will be able to reduce your rates substantially using this information. Choosing the best insurance company for you will hopefully be much easier going forward.

Want to compare auto insurance companies to find the best rates? Just enter your ZIP code into our free comparison tool to get started.

Different Ways to Shop for Auto Insurance on a Toyota 4Runner

When shopping for insurance, there are multiple ways of comparing rates from insurance companies in your area. The simplest method to find the cheapest 2002 Toyota 4Runner insurance rates involves getting comparison quotes online. Though this isn’t limited to any one sort of vehicle. No matter the make and model, you can go online to do your comparison shopping. This can be accomplished in a couple of different ways.

The best way to compare a lot of rates at once is to use a rate comparison form. This method keeps you from doing boring form submissions for each company you want a rate for. Filling out one form will get you rate comparisons direct from many companies. There are quite a few companies who will subscribe to this type of form. The only downside is that you may get quotes from companies you’re not interested in working with.

A harder way to compare prices consists of going to the website of each company and filling out their individual quote form. For example, let’s say you want rates from Liberty Mutual, Safeco, and Farmers. To get quotes you would need to spend time on each company’s site to input your insurance information, which is why the first method is quicker.

The final way to find competitive rates on your insurance policy would be to speak directly to an agent. There are some benefits to speaking with an agent, primarily if you can’t have your questions answered via online services.

It’s your choice how you get your quotes, but be sure to compare the exact same coverage information for every company. If you are comparing different deductibles, it won’t be possible to decipher which rate is best. Just a small difference in insurance coverages may result in large price differences. Keep in mind that comparing a large number of companies helps you find a lower rate.

What are some discounts that can save you money on your car insurance?

Insuring your personal fleet can be pricey, but you may qualify for discounts to help offset higher costs. Certain discounts will be applied when you get a quote, but a few must be specifically requested before you get the savings.

  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount on 4Runner coverage depending on your company.
  • Accident Free – Claim-free drivers can save substantially compared to accident-prone drivers.
  • Life Insurance – Companies who offer life insurance give lower rates if you buy a life insurance policy as well. Sometimes this can be called a multi-policy discount.
  • Discount for New CarsInsuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Discount for Switching Early – Some insurance companies reward drivers for switching policies prior to your current policy expiration. The savings is around 10%.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates on 4Runner coverage than drivers with accident claims.

It’s important to note that most credits do not apply to your overall policy total. Most cut specific coverage prices, such as medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way. However, any discount will cut down on what you pay, so it could still be considered a financial win.

Companies who might offer these money-saving discounts include:

  • State Farm
  • Liberty Mutual
  • The Hartford
  • MetLife
  • Progressive

Double check with each company which discounts they offer. Each car insurance company will have their own offered set of discounts, and those could change depending on your location.

Don’t Forget to Ask Questions When Buying Auto Insurance

When it comes to buying coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different, and your insurance should reflect that. For example, the insurance on a Toyota 4Runner that has low miles and is in good shape will no doubt net a better price than a 4Runner that has a lot of miles and rust.

Each driver has a different situation, and sometimes this means there are questions. Never be shy about asking for help, whether online or with an agent.

These questions might point out whether your personal situation would benefit from professional advice:

  • Why do I only qualify for high-risk insurance?
  • What is the rate difference between pleasure use and commuting?
  • When should I buy a commercial auto policy?
  • Does coverage extend to a rental car in a foreign country?
  • Does medical payments coverage apply to all occupants?
  • Do I need motorclub coverage?
  • Do I need higher collision deductibles?

If you can’t answer these questions or find the answers online, you might want to talk to a licensed agent.

What coverage impacts Toyota 4Runner insurance costs?

Knowing the specifics of your insurance policy aids in choosing which coverages you need, as well as what the proper limits and deductibles should be. The terms used in a policy can be confusing, and even agents have difficulty translating policy wording sometimes.

Plus, as mentioned above, each driver is going to want different levels of coverage depending on their personal situations. You may want your Toyota 4Runner insurance cost to include full coverage, and you don’t mind that you pay extra each month. Someone else may want their cost as low as possible, and may drop something like comprehensive coverage.

Shown below are some typical coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for expenses like dental work, nursing services and ambulance fees. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Liability Insurance

This protects you from damages or injuries you inflict on other property or people by causing an accident. This insurance protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as repair bills for other people’s vehicles, court costs and legal defense fees. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Collision Coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like rolling your car, crashing into a ditch, crashing into a building, driving through your garage door and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive Coverage

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, a broken windshield, damage from a tornado or hurricane and fire damage. The most an insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Why should you compare insurance costs for a Toyota 4Runner?

Finding the best deal is usually a priority when you’re looking at insurance. There are plenty of deals, ads, and companies to research, and sometimes it can be overwhelming. However, the more work you put into comparing prices, the better you’ll feel when you choose a policy.

This is true for any vehicle, and that includes a Toyota 4Runner should it be your designated vehicle of choice. No matter what, remember that you have options, and play to the market.

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