No normal person enjoys paying for car insurance, especially when they know they could get a better deal.
It’s hard to believe, but almost 70% of drivers kept buying from the same company for a minimum of four years, and almost 40% of drivers have never compared rate quotes at all. Most drivers in Colorado could save nearly $610 every year just by shopping around, but they feel it’s too difficult to find affordable car insurance rates.
Many auto insurance companies compete for your business, so it can be very hard to choose a insurer and get the best coverage at the lowest price on Toyota 4Runner insurance in Denver.
It’s a good habit to compare prices before your next renewal because rates are usually higher with each renewal. Despite the fact that you may have had the best deal on Toyota 4Runner insurance in Denver last year there is a good chance you can find better prices now. Block out anything you think you know about car insurance because you’re going to get a crash course in how to use the internet to properly buy coverages and cut your premium.
If you’re already insured, you will surely be able to shop for the lowest rates using the tips covered below. Choosing the best rates in Denver is not rocket science. Nevertheless, Colorado vehicle owners can benefit from knowing the way insurance companies market on the web and use it to find better rates.
When price shopping your coverage, quoting more helps locate more affordable insurance. Not every company provides rate quotes online, so it’s recommended that you also compare price quotes on coverage from those companies, too.
The companies shown below offer quotes in Denver, CO. If multiple providers are shown, we suggest you visit several of them to get the cheapest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|4Runner Sport 2WD||$190||$236||$298||$18||$90||$832||$69|
|4Runner SR/5 2WD||$284||$368||$392||$24||$118||$1,186||$99|
|4Runner Sport 4WD||$214||$362||$338||$20||$102||$1,036||$86|
|4Runner SR/5 4WD||$262||$454||$280||$16||$84||$1,096||$91|
|4Runner Trail Edition 4WD||$182||$332||$338||$20||$102||$974||$81|
|4Runner Limited 2WD||$328||$608||$388||$22||$116||$1,462||$122|
|4Runner Limited 4WD||$266||$492||$388||$22||$116||$1,284||$107|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in specific Denver garaging location which can change auto insurance rates substantially.
Illustration showing the impact of accidents and violations
The example below demonstrates how speeding tickets and at-fault fender-benders can impact Toyota 4Runner auto insurance costs for different insured age categories. The data assumes a married male driver, full coverage, $250 deductibles, and no discounts are taken into consideration.
Gender-based car insurance premiums in Denver
The illustration below compares Toyota 4Runner auto insurance costs for male and female drivers. The data assumes no claims, a clean driving record, comp and collision included, $100 deductibles, drivers are single, and no discounts are factored in.
Car insurance does more than just protect your car
Even though Denver 4Runner insurance rates can get expensive, insuring your vehicle is required in Colorado but also provides important benefits.
- Most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a loan on your Toyota 4Runner, it’s guaranteed your bank will make it a condition of the loan that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Toyota at an extremely high rate and force you to pay a much higher amount than you were paying before.
- Car insurance protects your Toyota and your assets. Insurance will pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will pay to have it repaired.
The benefits of buying enough insurance more than cancel out the cost, particularly for liability claims. But the average American driver is overpaying over $865 each year so compare quotes from several companies once a year at a minimum to ensure rates are competitive.
Get discounts on Denver auto insurance
Car insurance can cost a lot, but discounts can save money and there are some available that could drop your premiums quite a bit. Certain discounts will be applied when you quote, but less common discounts must be inquired about prior to receiving the credit.
- Include Life Insurance and Save – Insurance carriers who offer life insurance give a lower price if you buy a life insurance policy as well.
- Sign Early and Save – A few insurance companies allow discounts for buying a new policy before your current 4Runner insurance policy expires. This discount can save up to 10%.
- Discounts for Multiple Vehicles – Having several vehicles on a single policy could earn a price break for each car.
- Discounts for Safe Drivers – Drivers who don’t get into accidents could pay up to 40% less compared to accident prone drivers.
- Smart Student Discounts – A discount for being a good student may save as much as 25% on a Denver auto insurance quote. You can use this discount normally until age 25.
- Low Mileage Discounts – Driving less could qualify for slightly better premium rates than normal.
Don’t be surprised that some of the credits will not apply to the whole policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, you’re out of luck.
If you would like to view auto insurance companies who offer free Toyota 4Runner insurance quotes in Colorado, follow this link.
Exclusive or independent auto insurance agents
Certain consumers still prefer to sit down with an agent. The best thing about comparing insurance prices online is that drivers can save money and get the lowest rates but still work with a licensed agent. And buying from local insurance agencies is important especially in Denver.
Upon completion of this quick form, your coverage information is transmitted to local insurance agents in Denver who will return price quotes and help you find cheaper coverage. There is no need to contact any insurance agencies because quoted prices will be sent to you. You can find the lowest rates and an insurance agent to talk to. If you have a need to get a rate quote for a specific company, just jump over to their website and give them your coverage information.
If you are wanting to find a local Denver insurance agency, it’s important to understand the types of agencies and how they can quote your rates. Insurance agencies can be described as either independent agents or exclusive agents depending on their employer.
Independent Insurance Agents (or Brokers)
Agents of this type can sell policies from many different companies so they have the ability to put coverage through many companies and find the cheapest rate. To transfer your coverage to a different company, they can switch companies in-house and you stay with the same agent.
When comparing insurance rates, you should always get insurance quotes from several independent agencies to have the most options to choose from.
Listed below is a small list of independent agencies in Denver that may be able to give free price quotes.
Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel can only write with one company such as State Farm, Allstate and AAA. They are unable to place coverage with different providers so keep that in mind. Exclusive insurance agents are very knowledgeable on sales techniques which helps offset the inability to provide other markets.
Below is a list of exclusive agencies in Denver willing to provide rate quotes.
Bao Ngoc Nguyen – State Farm Insurance Agent
1699 S Federal Blvd b – Denver, CO 80219 – (303) 975-1100 – View Map
Selecting an insurance agent needs to be determined by more than just a cheap price quote. Any agent in Denver should have no problem answering these questions:
- Are they giving you every discount you deserve?
- Which members of your family are coverage by the policy?
- Do they offer accident forgiveness?
- Can they give you a list of client referrals?
- Are they able to influence company decisions when a claim is filed?
- Does the agent recommend any additional coverage?
Upon getting good responses for all questions you ask and locked in a price quote, you may have just found an auto insurance agent that will adequately provide insurance.
Auto insurance 101
Understanding the coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverages found on the average car insurance policy.
Collision coverages – This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like sustaining damage from a pot hole, colliding with a tree, crashing into a building, rolling your car and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also bump up the deductible on your 4Runner to bring the cost down.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for bills for things like prosthetic devices, pain medications and rehabilitation expenses. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive coverages – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as theft, hitting a deer and hitting a bird. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured and underinsured coverage – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (Colorado limits are 25/50/15), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these coverages do not exceed the liability coverage limits.
Liability insurance – This coverage protects you from damage that occurs to a person or their property by causing an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/15 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things like court costs, structural damage, repair costs for stationary objects, bail bonds and pain and suffering. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but drivers should carry better liability coverage.
Quote more and you will save more
Cheaper auto insurance in Denver can be found on the web and from local agencies, and you need to comparison shop both to have the best rate selection. Some insurance providers don’t offer price quotes online and many times these regional insurance providers provide coverage only through independent agents.
As you prepare to switch companies, never skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced physical damage coverage and found out when filing a claim that the savings was not a smart move. The ultimate goal is to buy enough coverage for the lowest price but still have enough coverage for asset protection.
Even more information can be found by following these links:
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance Rates After a Speeding Ticket in Denver? (FAQ)
- Who Has Cheap Car Insurance for Retired Military in Denver? (FAQ)
- Electronic Stability Control FAQ (iihs.org)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Side Impact Crash Tests (iihs.org)
- Neck Injury FAQ (iihs.org)