Cheapest Toyota 4Runner Insurance in Philadelphia

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Insurance quote for Toyota 4Runner in PhiladelphiaLocating low-cost insurance for a Toyota 4Runner in Pennsylvania can normally be difficult, but you can use the following methods to make it easier. There is a better way to compare insurance rates so you're going to learn the absolute fastest way to compare rates on a Toyota and get the lowest possible price from Philadelphia insurance agents and online providers.

It's an obvious conclusion that car insurance companies don't want you to compare rates. Consumers who shop for lower rates are very likely to buy a different policy because they stand a good chance of getting low-cost coverage. A survey found that consumers who make a habit of shopping around saved approximately $70 a month compared to people who never shopped for cheaper rates.

If finding the lowest price on insurance is your objective, then having some knowledge of how to quote and compare insurance rates can help simplify the process.

The companies shown below are ready to provide comparison quotes in Philadelphia, PA. If multiple providers are shown, we recommend you compare several of them to get the best price comparison.

Insurance is not optional in Pennsylvania

Even though it can be expensive, maintaining insurance is required by state law in Pennsylvania and it also provides benefits you may not be aware of.

  • Most states have minimum mandated liability insurance limits which means state laws require a specific level of liability protection if you want to drive legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your vehicle has a loan, almost every bank will stipulate that you buy insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender may have to buy a policy to insure your Toyota at a much higher premium rate and force you to pay for the much more expensive policy.
  • Insurance protects both your Toyota and your personal assets. It will also reimburse you for most medical and hospital costs incurred in an accident. Liability insurance will also pay to defend you if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of buying enough insurance definitely exceed the price paid, particularly for liability claims. On average, a vehicle owner in Philadelphia overpays more than $855 a year so you should quote and compare rates at every policy renewal to ensure rates are inline.

Analysis of Toyota 4Runner rates

The premium information shown next covers detailed analysis of coverage prices for Toyota 4Runner models. Being aware of how policy rates are formulated can help drivers make decisions when choosing a new policy provider.

Toyota 4Runner Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $202 $222 $366 $22 $110 $922 $77
4Runner SR/5 2WD $202 $270 $366 $22 $110 $970 $81
4Runner Sport 4WD $202 $270 $366 $22 $110 $970 $81
4Runner SR/5 4WD $202 $270 $366 $22 $110 $970 $81
4Runner Trail Edition 4WD $226 $318 $366 $22 $110 $1,042 $87
4Runner Limited 2WD $226 $318 $366 $22 $110 $1,042 $87
4Runner Limited 4WD $226 $318 $366 $22 $110 $1,042 $87
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium costs do not factor in vehicle location which can decrease or increase premium rates substantially.

Auto insurance deductibles

A question often asked by Philadelphia drivers is how high should the physical damage deductibles be. The premium rates below help summarize the rate differences when you choose different policy deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second rate chart uses a $500 deductible.

Toyota 4Runner insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $288 $352 $280 $16 $84 $1,045 $87
4Runner SR/5 2WD $288 $428 $280 $16 $84 $1,121 $93
4Runner Sport 4WD $288 $428 $280 $16 $84 $1,121 $93
4Runner SR/5 4WD $288 $428 $280 $16 $84 $1,121 $93
4Runner Trail Edition 4WD $320 $506 $280 $16 $84 $1,231 $103
4Runner Limited 2WD $320 $506 $280 $16 $84 $1,231 $103
4Runner Limited 4WD $320 $506 $280 $16 $84 $1,231 $103
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Toyota 4Runner insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $234 $284 $280 $16 $84 $898 $75
4Runner SR/5 2WD $234 $346 $280 $16 $84 $960 $80
4Runner Sport 4WD $234 $346 $280 $16 $84 $960 $80
4Runner SR/5 4WD $234 $346 $280 $16 $84 $960 $80
4Runner Trail Edition 4WD $260 $408 $280 $16 $84 $1,048 $87
4Runner Limited 2WD $260 $408 $280 $16 $84 $1,048 $87
4Runner Limited 4WD $260 $408 $280 $16 $84 $1,048 $87
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific location which can lower or raise premium rates significantly.

Based on these figures, using a $250 deductible costs about $14 more each month or $168 each year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average more than 18 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Does it make sense to buy full coverage?

The chart below visualizes the comparison of Toyota 4Runner premium costs with and without physical damage coverage. The premiums are based on a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.

Should you buy full coverage or liability only?

There is no definitive formula to stop buying physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's pretend your Toyota 4Runner replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after you pay the deductible. If you are paying in excess of $500 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are a few cases where only buying liability is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Do you qualify for discounts?

Not too many consumers would say insurance is affordable, but you might be missing out on some discounts to help bring down the price. Certain credits will be shown when you purchase, but lesser-known reductions have to be manually applied before you get the savings.Cheaper insurance with discounts

  • Discount for Life Insurance - Select insurance companies reward you with a discounted insurance rate on car insurance if you buy life insurance from them.
  • No Claims - Claim-free drivers pay much less as opposed to insureds who have frequent claims or accidents.
  • Own a Home - Owning a house in Philadelphia can save a few bucks since owning and maintaining a home demonstrates responsibility.
  • Membership in Organizations - Being a member of qualifying employment or professional organizations could earn you a nice discount on insurance.
  • Air Bag Discount - Options like air bags or automatic seat belts can get savings of 20 to 30 percent.
  • Drivers Education - Require your teen driver to take driver's ed class if it's offered in school.
  • ABS and Traction Control Discounts - Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Theft Deterrent System - Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will qualify for a discount on a Philadelphia car insurance quote.
  • Good Grades Discount - Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.

Drivers should understand that many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. So even though it sounds like it's possible to get free car insurance, insurance companies aren't that generous.

The illustration below compares Toyota 4Runner insurance prices with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no violations or accidents, Pennsylvania state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, multi-car, claim-free, and homeowner discounts applied.

Companies and some of the discounts can be found below.

  • State Farm may offer discounts for driver's education, good driver, anti-theft, Steer Clear safe driver discount, safe vehicle, Drive Safe & Save, and defensive driving training.
  • GEICO has discounts for air bags, defensive driver, anti-lock brakes, multi-vehicle, and driver training.
  • Liberty Mutual offers discounts for newly retired, new move discount, multi-policy, hybrid vehicle, new graduate, newly married, and exclusive group savings.
  • The Hartford policyholders can earn discounts including defensive driver, good student, vehicle fuel type, bundle, and air bag.
  • MetLife may include discounts for defensive driver, multi-policy, accident-free, good driver, good student, claim-free
  • Progressive offers premium reductions for online quote discount, continuous coverage, homeowner, online signing, and good student.

When quoting, ask all companies you are considering the best way to save money. A few discounts may not apply in your state. If you would like to see a list of insurers that offer the discounts shown above in Philadelphia, click this link.

Can't I compare rates from local Philadelphia insurance agents?

Some people still prefer to buy from a licensed agent and that is a smart decision Most agents can answer important questions and help you file claims. A nice benefit of comparing rate quotes online is the fact that you can find the lowest rates and still choose a local agent.

Insurance agents in PhiladelphiaTo help locate an agent, after submitting this quick form, your insurance data is submitted to participating agents in Philadelphia that can give you free Philadelphia car insurance quotes for your insurance coverage. You never need to contact an agency because prices are sent straight to your inbox. If you have a need to get a price quote for a specific company, you would need to find their quoting web page and fill out the quote form the provide.

Finding the right company requires more thought than just a cheap price quote. Ask your prospective agent these questions:

  • Are they properly licensed to sell insurance in Pennsylvania?
  • Are there any discounts for paying up front?
  • Where are claims handled?
  • Will you work with the agent or an assistant?
  • Do they assist clients in filing claims?
  • Is the agency active in community causes in Philadelphia?
  • Who is covered by the car insurance policy?
  • Do they have 24-hour customer assistance?

When looking for a local Philadelphia insurance agent, there are two types of insurance agents that you can choose from. Agents in Philadelphia are either exclusive or independent agents depending on their company appointments. Either one can provide auto insurance policies, but it's important to know how they differ since it may influence your agent selection.

Exclusive Auto Insurance Agents

These agents can only provide pricing for a single company and some examples include State Farm, AAA, Farmers Insurance or Allstate. They usually cannot compare other company's rates so keep that in mind. Exclusive insurance agents are highly trained on their company's products which helps them compete with independent agents. Consumers frequently choose to use a exclusive agent mainly due to the prominence of the brand and the convenience of having a single billing for all their coverages.

Below is a list of exclusive insurance agencies in Philadelphia willing to provide comparison quotes.

View more Philadelphia agents

Independent Auto Insurance Agents

These agents are not employed by any specific company so they can insure your vehicles with multiple insurance companies and potentially find a lower price. To move your coverage to a new company, they simply move the coverage in-house and you won't have to switch agencies.

When searching for an agent, we highly recommend that you include several independent insurance agents for the best price selection. Many can place coverage with smaller companies that can offer cheaper rates than bigger companies.

Shown below are Philadelphia independent agents that can give you price quote information.

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Compare. Compare. Compare.

As you prepare to switch companies, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

Lower-priced auto insurance in Philadelphia can be found both online as well as from independent agents in Philadelphia, and you need to comparison shop both in order to have the best chance of saving money. A few companies may not provide the ability to get a quote online and usually these smaller companies work with independent agents.

Insureds change insurance companies for a variety of reasons including extreme rates for teen drivers, not issuing a premium refund, an unsatisfactory settlement offer or even being labeled a high risk driver. No matter why you want to switch, finding the right auto insurance provider can be easy and end up saving you some money.

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