How Much Does 2016 Toyota Land Cruiser Insurance Cost?

No car owner fancies paying their premiums for insurance coverage, especially when they know their premiums are too high.

Consumers have so many insurance companies to pick from, and although it’s a good thing to have multiple companies, more options can take longer to find the lowest cost provider.

Lower rates by qualifying for discounts

Some providers don’t list the entire discount list in a way that’s easy to find, so the below list has a few of the more well known and the more hidden credits that may apply to you.

  • Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle up can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
  • Driver Training Discounts – Participating in a course that instructs on driving safety could save 5% or more depending on where you live.
  • Renewal Discounts – Some car insurance companies provide a discount for switching policies early. You may see this discount when you get auto insurance quotes online.
  • Multi-car Discount – Buying coverage for more than one vehicle on the same car insurance policy can reduce the rates for all insured vehicles.
  • Homeowners Savings – Just owning your own home may trigger a policy discount on car insurance because it requires a higher level of personal finance.
  • E-sign – A few companies will give a small break shop auto insurance over the internet.
  • Accident Forgiveness – This one is not really a discount per se, but companies like Geico and Allstate will allow you to have one accident without raising rates so long as you are claim-free prior to being involved in the accident.
  • Accident Free – Insureds with no claims or accidents can earn big discounts in comparison to frequent claim filers.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted rate on car insurance if you buy a life insurance policy as well.

Don’t be surprised that most discounts do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way.

A list of companies and their possible discounts are:

  • 21st Century has savings for homeowners, early bird, 55 and older, defensive driver, driver training, and anti-lock brakes.
  • State Farm offers premium reductions for student away at school, defensive driving training, multiple autos, good student, multiple policy, and driver’s education.
  • AAA offers discounts including good student, anti-theft, multi-car, good driver, multi-policy, and education and occupation.
  • Liberty Mutual may have discounts that include hybrid vehicle, multi-car, new graduate, multi-policy, new vehicle discount, newly married, and preferred payment discount.
  • Progressive includes discounts for online quote discount, multi-policy, online signing, multi-vehicle, continuous coverage, homeowner, and good student.

Check with all companies you are considering to give you their best rates. Some of the earlier mentioned discounts may not apply in your state. For a list of providers who offer free car insurance quotes, click here to view.

Low cost insurance coverage quotes online

Most larger insurance companies such as Allstate, Geico and Progressive provide coverage price quotes online. Comparing rates online can be done by anyone because it’s just a matter of typing in the coverages you want into the form. Upon sending the form, their quoting system gets your credit score and driving record and quotes a price determined by many factors. Online price quotes makes comparing rates easy, but the time it takes to visit several different sites and type in the same data is repetitive and time-consuming. But it is imperative to compare as many rates as possible in order to find better insurance coverage pricing.

The easiest way to find lower prices uses one simple form that analyzes rates from several companies at one time. This type of form saves time, reduces the work, and makes online shopping much easier. After sending the form, it is quoted and you can select any of the pricing results. If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. It can be completed in less than 10 minutes and may result in a nice savings.

To save time and use this form to compare rates, click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend you copy the coverages as shown on your current policy. Doing this guarantees you’re receiving comparison quotes using the exact same coverages.

Informed drivers save money

Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic such as traffic violations, but other criteria are more transparent such as whether you are married or your financial responsibility.

The following are most of the major factors auto insurance companies consider when setting your premiums.

  • Better rates on cars with good safety ratings – Safer cars get lower rates. Safer cars have better occupant injury protection and fewer serious injuries translates into savings for insurance companies and lower rates for you. If your Toyota scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Don’t skimp on liability coverage – Your policy’s liability coverage will provide protection when you are found to be at fault for damages from an accident. Your liability coverage provides legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • Stress out and pay more – Did you know your auto insurance rates can be affected by your occupation? Jobs such as real estate brokers, social workers and medical professionals tend to pay higher premiums than the average policyholder because of high stress levels and lots of time spent at work. On the other hand, professions such as professors, students and homemakers pay the least for Land Cruiser insurance.
  • Drive lots and pay more – The more you drive annually the more you’ll pay to insure it. A lot of companies calculate rates based on how the vehicle is used. Vehicles not used for work or commuting can be on a lower rate level as compared to vehicles used primarily for driving to work. Make sure your vehicle rating is rated on the correct usage. Improper usage on your Land Cruiser can cost quite a bit.
  • Raise comp and collision deductibles and save – Insurance for physical damage to your car, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some instances where coverage would apply are a broken windshield, damage from fire, and windstorm damage. Comp and collision deductibles represent how much money the insured will be required to pay before a claim is paid by your company. The more the insured has to pay upfront, the lower your rates will be for Land Cruiser insurance.

Car insurance is unique, just like you

When buying coverage for your personal vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help highlight whether your personal situation would benefit from an agent’s advice.

  • What vehicles should carry emergency assistance coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What companies insure drivers after a DUI or DWI?
  • What discounts do I qualify for?
  • When can my company non-renew my policy?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area.

Parts of your insurance policy

Having a good grasp of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages available from insurance companies.

Collision coverage – Collision coverage pays for damage to your Land Cruiser resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like sideswiping another vehicle, hitting a mailbox, colliding with a tree and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Toyota Land Cruiser.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as rock chips in glass, hitting a deer and hail damage. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability car insurance – Liability coverage provides protection from injuries or damage you cause to a person or their property in an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like bail bonds, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for expenses for things like nursing services, ambulance fees and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

You can do this!

As you restructure your insurance plan, you should never skimp on coverage in order to save money. In too many instances, an insured dropped liability limits or collision coverage only to regret that the few dollars in savings costed them thousands. Your strategy should be to find the BEST coverage at an affordable rate, not the least amount of coverage.

We just covered quite a bit of information on how to lower your 2016 Toyota Land Cruiser insurance rates. The key thing to remember is the more times you quote, the better likelihood of getting cheaper auto insurance. Drivers may discover the biggest savings come from a small local company. They often have lower auto insurance rates on specific markets compared to the large companies like Allstate and Progressive.

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