Finding cheap insurance for a Toyota RAV4 doesn't take a lot of effort, but it is dependent upon a large number of factors such as how old the vehicle is, your profession, and any driving offenses on your record. South Carolina drivers will pay on average $928 a year for RAV4 insurance, but that price is an estimate calculated using a 50-year-old single female driver with full comprehensive and collision coverage and $500 deductibles.
When estimating a car insurance rate like we just did, the issue is that you aren't exactly 50 years old or even a female, possibly married instead of single, or maybe you rent instead of own your home. Even a minor difference in the rating criteria used to formulate rates can result in a big discrepancy in the cost of a policy.
Having different needs demonstrates why the only real way to find cheap car insurance rates for your Toyota is to just compare rates yourself. It only takes a few minutes and you will receive prices from some of the best companies that sell coverage in South Carolina.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$184||$352||$386||$22||$116||$1,060||$88|
|RAV4 Limited 2WD||$184||$352||$386||$22||$116||$1,060||$88|
|RAV4 Limited 4WD||$184||$352||$386||$22||$116||$1,060||$88|
|RAV4 Limited 4WD||$184||$352||$386||$22||$116||$1,060||$88|
|RAV4 Sport 4WD||$184||$352||$386||$22||$116||$1,060||$88|
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in vehicle garaging location which can lower or raise price quotes considerably.
Finding dependable, reasonably-priced car insurance is not always easy, and determining which companies quote the best car insurance rates for a Toyota RAV4 in South Carolina may require a little more work.
Every auto insurer has a unique approach for determining rates in each state, so let's begin by examining the car insurance companies with the overall cheapest rates in South Carolina.
Lowest Insurance Price Quotes for Your Toyota
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,286|
|6||Southern Farm Bureau||$1,298|
|7||National Grange Mutual||$1,321|
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The Hartford quotes some of the most affordable car insurance rates in South Carolina at around $745 annually. USAA, Auto-Owners, State Auto, and SC Farm Bureau Mutual are also some of the cheaper South Carolina car insurance companies.
As shown in the rates above, if you currently have a policy with State Auto and switched to The Hartford, you could realize an annual savings of roughly $382. Policyholders with SC Farm Bureau Mutual could save as much as $541 a year, and Southern Farm Bureau customers might see rate reductions of $553 a year.
To find out how your current rates compare, click here to start your custom quote or click through to the companies below.
Understand that those policy prices are averages for all drivers and vehicles in South Carolina and and are not figured with a specific rate value for a Toyota RAV4. So the car insurance company that fits your needs best may not even be in the top 18 companies in the list above. That points out the importance of why you need to get rate quotes from many companies using your own individual information.
Cost comparison with and without full coverage
Reducing premiums for car insurance should be important to most people, and one of the quickest ways to find cheap insurance for a Toyota RAV4 in South Carolina is to only pay for liability coverage. The example below visualizes the comparison of premium costs with full coverage compared to only the South Carolina minimum liability coverage. The price estimates are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are taken into consideration.
If averaged out across all ages, physical damage coverage costs $1,905 per year more than just buying liability only. A very common question is when is it a good idea to stop buying full coverage. There is no set guideline for eliminating comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let's assume your vehicle's book value is $9,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,500 after the deductible is paid. If it's costing you more than $850 annually to have full coverage, then you might want to think about dropping full coverage.
There are some cases where only buying liability is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Get discount South Carolina car insurance rates
Insurance companies that offer quotes for a Toyota RAV4 may have premium discounts that could reduce prices by 30% or more if you meet specific criteria. Companies and some of the premium reductions they offer are outlined below.
- GEICO discounts include air bags, daytime running lights, good student, seat belt use, and multi-vehicle.
- Travelers offers discounts including student away at school, multi-policy, payment discounts, early quote, home ownership, hybrid/electric vehicle, and save driver.
- Nationwide may include discounts for business or organization, defensive driving, multi-policy, family plan, accident-free, easy pay, and Farm Bureau membership.
- Farmers Insurance includes discounts for electronic funds transfer, mature driver, bundle discounts, homeowner, multi-car, and pay in full.
- Esurance offers discounts for multi-policy, online quote, multi-car, defensive driver, good driver, and DriveSense.
- State Farm policyholders can earn discounts including student away at school, multiple autos, good driver, good student, Steer Clear safe driver discount, and safe vehicle.
- Progressive offers premium reductions for multi-vehicle, online signing, good student, online quote discount, multi-policy, homeowner, and continuous coverage.
- Mercury Insurance has discounts for professional/association, type of vehicle, age of vehicle, accident-free, and low natural disaster claims.
The example below shows the comparison of car insurance costs with and without discounts. The costs are based on a male driver, no violations or claims, South Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, marriage, passive restraint, and defensive driving course discounts applied. When drivers take advantage of discounts, theamount saved on car insurance for a Toyota RAV4 is 28% or $588.
The example below illustrates how choosing a deductible can affect insurance rates when trying to find cheap insurance for a Toyota RAV4 in South Carolina. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are factored in.
A 40-year-old driver could lower their car insurance rates by $334 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $506 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could drop their prices as much as $1,106 each year just by choosing higher deductibles. When using a larger deductible, it will be necessary to have enough savings set aside to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.