2006 Toyota Land Cruiser Insurance Rates

Are you a victim of an underperforming, overpriced car insurance policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out.

With so many options when it comes to car insurance, it can be impossible to pick the right insurer.

Verify you’re getting all your discounts

Companies offering auto insurance don’t necessarily list all their discounts in a way that’s easy to find, so the following is a list of some of the best known and also the lesser-known discounts you could be receiving.

  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Organization Discounts – Participating in a civic or occupational organization could trigger savings when buying insurance coverage on Land Cruiser insurance.
  • Student Driver Training – Have your child complete a driver education course if it’s offered in school.
  • Homeowners Discount – Being a homeowner can help you save on insurance coverage because maintaining a house requires personal responsibility.
  • Multi-policy Discount – If you insure your home and vehicles with one company you could get a discount of up to 20% off your total premium.
  • Resident Student – Kids in college who live away from home and do not have a car may qualify for this discount.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it just doesn’t work that way.

To see a list of companies who offer insurance coverage discounts, click this link.

Toyota Land Cruiser rates are in the details

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for car insurance. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that will entitle you to big savings.

The list below includes some of the factors used by your company to calculate prices.

  • Better credit scores mean better rates – A driver’s credit score is a important factor in determining what you pay for car insurance. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit is low, you could be paying less to insure your 2006 Toyota Land Cruiser by repairing your credit.
  • Rates may be higher depending on your occupation – Careers like doctors, executives and stock brokers are shown to have the highest rates attributed to job stress and long work hours. On the other hand, occupations such as actors, students and the unemployed pay the least on Land Cruiser insurance.
  • Multiple policies with one company can save – Many car insurance companies give discounts to people who consolidate policies with them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to shop around to confirm you are receiving the best rates possible. You may still find better rates by insuring with multiple companies.
  • Don’t buy coverages you don’t need – There are a lot of additional coverages that you can buy on your 2006 Land Cruiser policy. Coverages for personal injury protection, towing coverage and motor club memberships may be wasting your money. These may sound like a good investment initially, but if you don’t need them eliminate them to save money.
  • Don’t skimp on liability – Liability coverage will protect you if you are found to be at fault for damages caused by your negligence. It provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • Traffic citations inflate rates – Your driving record has a lot to do with how much you pay for insurance. Careful drivers receive lower rates than bad drivers. Only having one speeding ticket can boost insurance rates forty percent or more. Drivers who get serious violations like reckless driving, hit and run or driving under the influence may be required to submit a SR-22 form with their state motor vehicle department in order to continue driving.
  • Males pay more for insurance – Statistics show women are more cautious behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Women and men cause accidents in similar numbers, but the male of the species tend to have more serious accidents. Men also tend to get cited for more serious violations like reckless driving and DUI.
  • No coverage gaps is important – Driving without insurance is a misdemeanor and as a result your rates will increase for letting your insurance lapse. Not only will rates go up, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license.You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.

When should I talk to an agent?

When it comes to buying the best car insurance coverage for your personal vehicles, there is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help you determine if your situation may require specific advice.

  • Who is covered when they drive my 2006 Toyota Land Cruiser?
  • How do I buy GAP insurance?
  • Should I get collision insurance on every vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What if I owe more than I can insure my car for?
  • Does coverage extend to a rental car in a foreign country?
  • What is no-fault insurance?
  • What if I don’t agree with a claim settlement offer?
  • What is an SR-22 filing?
  • Are all vehicle passengers covered by medical payments coverage?

If it’s difficult to answer those questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Parts of your insurance policy

Knowing the specifics of insurance aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverages offered by insurance companies.

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for expenses such as X-ray expenses, nursing services, doctor visits and EMT expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as scraping a guard rail, backing into a parked car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, fire damage, rock chips in glass and theft. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Auto liability – Liability coverage can cover damages or injuries you inflict on people or other property in an accident. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as pain and suffering, repair costs for stationary objects, medical services and court costs. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

A tidy conclusion

When trying to cut insurance costs, you should never buy poor coverage just to save money. There are many occasions where someone dropped comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your strategy should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.

Cheap 2006 Toyota Land Cruiser insurance is available online and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies may not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

More detailed insurance information is available in the articles below: