Finding affordable car insurance for a Toyota 4Runner in Tennessee is fairly simple, but it depends on a lot of factors such as how old the 4Runner is, the condition of your credit, and whether or not you are a good driver. Tennessee drivers will pay on average $766 annually to insure their 4Runner, but that price is an approximation based on a 50-year-old single female driver with full coverage and $500 deductibles.
But there is a high likelihood that you’re not a 50-year-old female, married instead of single, or maybe you have a teen driver on your policy that needs to be considered. Insurance is an individual thing, so the best way to find the cheapest rates for your Toyota is to do the rate comparisons yourself.
Vehicle trim level has an effect on price, so the rate you will pay to insure a 4Runner Sport 2WD will be $126 less than the cost to insure the more expensive 4Runner Limited 4WD trim level, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 4Runner Sport 2WD | $176 | $244 | $278 | $16 | $84 | $798 | $67 |
| 4Runner SR/5 2WD | $176 | $298 | $278 | $16 | $84 | $852 | $71 |
| 4Runner Sport 4WD | $176 | $298 | $278 | $16 | $84 | $852 | $71 |
| 4Runner SR/5 4WD | $176 | $298 | $278 | $16 | $84 | $852 | $71 |
| 4Runner Trail Edition 4WD | $196 | $350 | $278 | $16 | $84 | $924 | $77 |
| 4Runner Limited 2WD | $196 | $350 | $278 | $16 | $84 | $924 | $77 |
| 4Runner Limited 4WD | $196 | $350 | $278 | $16 | $84 | $924 | $77 |
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can decrease or increase insurance rates significantly.
Insurance company ratings
Finding the best insurance provider can be rather challenging considering how many different companies sell coverage in Nashville. The ranking information in the lists below can help you select which car insurance companies you want to consider when comparing rate quotes.
The rankings below are only made up of the largest auto insurers in America, so smaller regional companies are not taken into consideration for the list. If you’d like to compare prices from these companies and more, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Full coverage or liability only
Paying a lower price for insurance is probably important to most drivers, and one of the easiest ways to pay less for insurance for a Toyota 4Runner is to buy liability only. The diagram below shows the comparison of insurance costs with full coverage and liability only. Data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no other discounts are factored in.
If we average the cost for all age groups, full coverage on your policy costs an extra $1,438 per year more than carrying just liability coverage. Many of you may wonder when is it a good idea to stop buying full coverage. There is no set rule that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s replacement value is $4,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $3,500 after the deductible is paid. If you are paying over $350 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are some cases where removing full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
The importance of shopping around
Tennessee insurance rates are calculated based on many things that control the price of coverage. Simply having another birthday, buying a new vehicle, or getting into an accident may cause policy rate changes that can make some companies cheaper than competitors. Not only may things change on your end, but insurers file new rates every year in order to offset underwriting gains or losses. Higher than normal claim frequency or severity may result in increased rates, while long-term profits may cause lower-priced 4Runner insurance rates.
The graph below shows which company has the cheapest car insurance in Nashville, TN for a 40-year-old female driver with no accidents or violations, and good credit. When comparing rates based on her current rating profile, Utica National might offer the lowest car insurance rates in Nashville at $867 a year. This is $461 less than the average policy premium paid by Tennessee drivers of $1,328. Cincinnati Insurance, Auto-Owners, Penn National, and Tennessee Farmers also make the list of the cheapest Nashville, TN auto insurance companies.
In the next rate comparison, we’ll give the driver from above an accident surcharge, poor credit, and a speeding citation. Because every insurance company has a unique approach for determining rates, getting updated rate quotes may now show a slightly different list of the cheapest Nashville car insurance companies as shown below.
Erie now has the best price on car insurance in Nashville with Nationwide, Allied, Westfield, and GEICO also having competitive pricing. This demonstrates why drivers need to compare lots of rates to get the best car insurance quotes for a Toyota 4Runner. Insurance rates are influenced by many different factors and can increase or decrease at any time, so the cheapest option the last time you shopped around may now cost much more than other companies.
The agencies below are a good start to help you determine which insurance coverage will be best for you, since many people would rather have professional advice when trying to find the best insurance rates for a 4Runner. It’s not always simple to find the cheapest rates, so getting advice from a licensed Tennessee insurance agent can provide you peace of mind knowing you have sufficient coverage at claim time. To find a Nashville insurance agency in your neighborhood, click the button link following the list.
- Sid Neuhoff – State Farm Insurance Agent
4544 Harding Pike #216 – Nashville, TN 37205 – (615) 298-3276 - MJC Insurance Group
1506 Church St Suite 2 – Nashville, TN 37203 – (615) 873-1988 - Charles Sargent – State Farm Insurance Agent
4094 Hillsboro Pike #202 – Nashville, TN 37215 – (615) 385-1700