Finding economical insurance for a Toyota RAV4 is fairly simple, but it depends on many different factors such as whether you are a homeower, the size of your vehicle, and whether or not you are a good driver. Drivers will pay on average $747 each year to insure their RAV4, but that price is a valuation based upon a 50-year-old married female driver with full coverage and $250 deductibles.
This brings up the issue that more than likely you aren’t exactly 50 years old or even a female, possibly single instead of married, or maybe you have a teenager that needs to be on your policy. This example demonstrates why the best method for finding cheap auto insurance rates for your Toyota is to do a thorough rate comparison.
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
| RAV4 Sport 2WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
| RAV4 4WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
| RAV4 Limited 2WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
| RAV4 Limited 4WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
| RAV4 Limited 4WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
| RAV4 Sport 4WD | $172 | $312 | $272 | $16 | $82 | $854 | $71 |
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Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in specific Nashville garaging location which can impact price quotes considerably.
Finding decent, budget auto insurance is challenging, and finding out which companies quote the cheapest insurance rates for a Toyota RAV4 may require even more rate comparisons. Each auto insurer has a unique approach for establishing rates, so to begin we’ll rank the insurance companies that tend to be cheaper in Nashville, TN.
Lowest Insurance Price Quotes for Your Toyota
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $767 |
| 2 | Auto-Owners | $827 |
| 3 | Cincinnati Insurance | $884 |
| 4 | USAA | $919 |
| 5 | Tennessee Farmers | $933 |
| 6 | Penn National | $935 |
| 7 | Erie | $987 |
| 8 | Nationwide | $1,002 |
| 9 | Westfield | $1,037 |
| 10 | Allied | $1,060 |
| 11 | GEICO | $1,144 |
| 12 | Travelers | $1,165 |
| 13 | State Farm | $1,201 |
| 14 | The Hartford | $1,208 |
| 15 | Progressive | $1,214 |
| 16 | Shelter | $1,235 |
| 17 | State Auto | $1,241 |
| 18 | Direct General | $1,251 |
| 19 | 21st Century | $1,261 |
| 20 | Chubb | $1,277 |
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Utica National normally has some of the best car insurance rates in Nashville at around $767 annually. Auto-Owners, Cincinnati Insurance, USAA, and Tennessee Farmers also make the cut as some of the cheaper Nashville, TN car insurance companies.
In the rate table above, if you are currently insured with Cincinnati Insurance and switched to Utica National, you may realize savings of upwards of $117. Insureds with USAA could save as much as $152 a year, and Tennessee Farmers policyholders might reduce rates by $166 a year.
Bear in mind that those premium estimates are averages for all insureds and vehicles and and are not calculated with an exact vehicle garaging location for a Toyota RAV4. So the car insurance company that can offer you the best price may not even be in the top 30 companies shown above. That is why you need to get car insurance quotes using your own specific driver information and vehicle.
Insurance rates are higher with tickets and accidents
The best way to earn affordable insurance premiums in Tennessee for a RAV4 is to be a safe driver and avoid at-fault accidents and violations. The chart below shows how traffic citations and accidents can influence car insurance costs for different age groups of insureds. The premium estimates are based on a single male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of auto insurance in Tennessee per year with no violations or accidents is $1,967. Factor in two speeding tickets and the average cost surges to $2,612, an increase of $644 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of insurance for a Toyota RAV4 jumps again to an average of $4,893. That’s an increase of $2,926, or $244 per month, just for not maintaining a clean driving record!
Why you should compare rates
Nashville, TN insurance rates are impacted by many factors which can significantly increase or decrease the cost of a policy. Getting older, having a teenage driver, or having an at-fault accident can trigger rate changes resulting in some companies being cheaper than competitors. Not only may your risk profile change, but insurance companies file new Tennessee car insurance rates every year or even multiple times each year in order to protect their financial rating. Higher than normal claims may result in increased policy costs, while less frequent claims may produce more affordable RAV4 insurance rates.
The data below shows the cheapest car insurance in Nashville, TN for a 35-year-old female driver with no accidents or violations, and excellent credit. If we look at prices based on her personal risk profile, Utica National may have the most affordable car insurance rates in Nashville at $850 a year. This is $478 less than the average price paid by Tennessee drivers of $1,328. Auto-Owners, Cincinnati Insurance, USAA, and Tennessee Farmers also make the list of the best Nashville, TN auto insurance companies.
The example below compares rates after we give the driver from the above example a claim surcharge, less-than-perfect credit, and a speeding citation. Since every insurance provider has their own process for determining prices, analyzing rates may now present a different set of the cheapest car insurance companies in Nashville as shown below.
Erie now has the best auto insurance rate in Nashville, TN with Nationwide, Allied, Westfield, and GEICO also being competitive. This demonstrates why consumers need to compare many different companies to find the best insurance rates for a Toyota RAV4. Rates are made up of many risk factors and can change without notice, so the cheapest option two years ago may now be one of the higher cost companies.
How to find the cheapest car insurance for a Toyota RAV4
It is possible to find better rates, and here are some of the better money-saving suggestions that can help drivers locate lower-cost car insurance.
- Save money by staying claim-free
- Increase the comprehensive and collision deductibles on your policy
- Buying car and homeowners insurance together can save money
- Get cheaper liability coverage by choosing a safer vehicle
- Drop full coverage on older vehicles
- Pay lower rates with good credit
- Compare prices as often as possible
That final tip is particularly significant, as we pointed out in the prior information. Auto insurance prices can change considerably based on profitability, so drivers shouldn’t hesitate to buy a different policy if you find a cheaper price.
Brand loyalty is great, but we do not recommend it if that inflexibility results in costing you several hundred dollars every year. In just a couple of minutes you could shop around to find cheaper insurance for a Toyota RAV4 in Nashville.
If you aren’t sure which coverage you need and prefer to have a little guidance when shopping for the best coverage for a Toyota RAV4, the agents listed below can help you decide which policy fits your needs best. To find an agent nearest to you, click the button at the bottom.
- Zander Insurance Group
6213 Charlotte Pike – Nashville, TN 37209 – (615) 356-1700 - Eric Jans Insurance Agency
1805 Ordway Pl – Nashville, TN 37206 – (615) 478-7146 - Eric Osborne – State Farm Insurance Agent
2301 21st Ave S #350 – Nashville, TN 37212 – (615) 837-9000 - Marc Gant – State Farm Insurance Agent
6601 Sugar Valley Dr #114 – Nashville, TN 37211 – (615) 941-7094 - Fridrich, Pinson and Associates Insurance Agency
3825 Bedford Ave #203 – Nashville, TN 37215 – (615) 327-0105