Toyota Land Cruiser Insurance Quotes in Scottsdale

Insurance for Toyota Land CruiserTruthfully, the best way to get budget Toyota Land Cruiser insurance is to compare prices annually from insurance carriers in Scottsdale.

The key thing to know about shopping around is to make sure you enter identical coverage information on every quote request and and to analyze every insurance company. Doing this enables a level playing field and a thorough selection of prices.

A study showed that most car insurance customers kept their policy with the same company for at least the last four years, and nearly the majority have never shopped around. Scottsdale insurance shoppers can cut their rates by approximately 50% a year just by getting comparison quotes, but most just don’t grasp the big savings they would realize if they switched to a more affordable policy.

Get Cheap Insurance Rates by Understanding These Factors

Lots of things are considered when premium rates are determined. Most are fairly basic such as your driving history, but other factors are more transparent like where you live or your commute time. Smart consumers have a good feel for the rating factors that come into play when calculating car insurance rates. When consumers understand what determines base rates, this empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

With age comes responsibility – Older drivers are more cautious drivers, cost insurance companies less in claims, and are safer drivers. Drivers with little experience are proven to be inattentive in a vehicle therefore car insurance rates are much higher.

The following chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

File insurance claims and pay more – Insurance companies in Arizona award discounts to people who only file infrequent claims. If you file a lot of claims you can look forward to increased rates or even have your policy non-renewed. Your car insurance is designed for more catastrophic claims.

Males pay higher costs – Over the last 50 years, statistics have shown women are more cautious behind the wheel. That doesn’t necessarily mean that females are better drivers. Women and men get in at-fault accidents at a similar rate, but guys cause more damage and cost insurance companies more money. Not only that, but men also get higher numbers of serious violations like driving under the influence (DUI).

The illustration below illustrates the difference between Toyota Land Cruiser premium costs for male and female drivers. The premium estimates are based on no claims or driving violations, full coverage, $250 deductibles, single status, and no discounts are taken into consideration.

Use one insurance company and save – Most companies will award a discount for people who carry more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, you may still want to get quotes from other companies to confirm you are receiving the best rates possible.

What’s your car’s NHTSA crash test rating? – Safe vehicles get lower rates. Vehicles engineered for safety reduce the chance of injuries and any reduction in injury severity means less claims paid and thus lower rates. If your Toyota Land Cruiser earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

More performance means higher rates – The performance level of the car or truck you need to insure makes a huge difference in determining your rates. Lower performance four cylinder passenger models normally have pretty low rates, but the cost you end up paying is determined by many additional factors.

The following data assumes a single female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It compares Toyota Land Cruiser car insurance rates compared to other makes and models that have different performances.

Lower rates for married couples – Walking down the aisle actually saves money on car insurance. Having a spouse means you’re more mature it has been statistically shown that drivers who are married are more cautious.

Low stress employer equals lower rates – Did you know your car insurance rates can be affected by your occupation? Careers such as military personnel, business owners, and dentists generally pay the highest average rates in part from job stress and incredibly demanding work hours. Conversely, careers such as farmers, students and performers pay the least.

Toyota Land Cruiser insurance loss statistics – Insurance companies take into consideration historical loss data for every vehicle in order to profitably underwrite each model. Models that tend to have a higher amount or frequency of claims will have higher rates for specific coverages.

The next table shows the collected loss data for Toyota Land Cruiser vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are below 100 suggest a positive loss record, while values that are 100 or greater show a trend for more claims or tendency to have higher losses.

Auto Insurance Loss Data for Toyota Land Cruiser Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Land Cruiser 4dr 4WD 94 88 171

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Rates and information analytics

The coverage table displayed below highlights different insurance policy prices for Toyota Land Cruiser models. Being able to understand how insurance policy rates are formulated is important to be able to make decisions when choosing a new policy provider.

Toyota Land Cruiser Insurance Rates in Scottsdale, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $400 $600 $392 $24 $118 $1,534 $128
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in specific location information which can raise or lower premium rates considerably.

Deductible comparison

When comparing car insurance rates, the most common question is how high should the physical damage deductibles be. The comparisons below may aid in understanding the differences in price between low and high comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second rate table uses a $500 deductible.

Toyota Land Cruiser insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $390 $716 $300 $18 $90 $1,539 $128
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Toyota Land Cruiser insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Land Cruiser $286 $484 $300 $18 $90 $1,178 $98
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in specific garaging location which can raise or lower coverage prices significantly.

Based on the data above, we can derive that using a $100 deductible will cost you about $30 more each month or $360 each year than quoting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average more than 13 months between claim filings, you would more than likely save some money going with the higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $128
Average monthly premium for $500 deductibles (subtract): – $98
Monthly savings from raising deductible: $30
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Insurance rate increases from tickets or accidents

The diagram below highlights how speeding tickets and accidents influence Toyota Land Cruiser insurance costs for different age groups. The premiums are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Full coverage rates vs. liability-only

The example below illustrates the comparison of Toyota Land Cruiser yearly insurance costs when comparing full coverage to state minimum liability only. The premiums are based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no clear-cut formula to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Toyota Land Cruiser book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after the deductible is paid. If premium cost is more than $400 annually for full coverage, then you may want to consider only buying liability coverage.

There are some conditions where buying only liability insurance is not advised. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Cheaper rates with these discounts on Toyota Land Cruiser insurance in Scottsdale

Companies do not list every discount in an easy-to-find place, so the following is a list of both the well known and the more hidden credits that you can use to lower your rates.Auto insurance discounts

A little disclaimer on discounts, many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like you would end up receiving a 100% discount, it just doesn’t work that way.

The chart below illustrates the comparison of Toyota Land Cruiser insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no violations or claims, Arizona state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, safe-driver, homeowner, and marriage discounts applied.

To find insurers with the best discounts in Arizona, click here.

Lower rates by being persistent

While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. There are too many instances where someone dropped liability limits or collision coverage only to find out that the small savings ended up costing them much more. The goal is to find the BEST coverage for the lowest price, but don’t skip important coverages to save money.

Low-cost Toyota Land Cruiser insurance in Scottsdale can be purchased online as well as from insurance agents, so get free Scottsdale auto insurance quotes from both of them to have the best selection. A few companies don’t offer online price quotes and many times these smaller providers only sell coverage through local independent agents.

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