Toyota Rav4 insurance rates image courtesy of QuoteInspector.com
Buying cheap insurance for a Toyota RAV4 in Louisiana is fairly simple, but it hinges on an enormous amount of factors such as how many years you have been driving, your geographic location, and your choice of physical damage deductibles. Louisiana drivers pay on average $1,225 annually to insure their RAV4, but that figure is an estimation using a 50-year-old married male driver with full physical damage coverage and $250 deductibles.
The issue that arises when projecting rates is that it's very likely that you aren't exactly 50 years old or even a male, possibly single instead of married, and you don't want the same coverages and limits as the example. The different assumptions illustrate why the best method for finding affordable rates for your Toyota is to compare as many rates as you can. Rate quotes are easy and you will be able to see rates from top-rated car insurance companies available.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RAV4 2WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
| RAV4 Sport 2WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
| RAV4 4WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
| RAV4 Limited 2WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
| RAV4 Limited 4WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
| RAV4 Limited 4WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
| RAV4 Sport 4WD | $280 | $514 | $446 | $26 | $134 | $1,400 | $117 |
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in vehicle location which can revise insurance rates considerably.
Which car insurance company is best in New Orleans?
Selecting the top insurance provider is difficult considering how many companies sell insurance in Louisiana. The information below may help you decide which car insurance providers to look at when trying to find the cheapest insurance for a Toyota RAV4.
These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Louisiana or surrounding areas are not taken into consideration for these rankings. To compare price quotes from these top insurers and more, simply click here.
Top 10 Major Auto Insurers in New Orleans Ranked by A.M. Best Rating
- USAA - A++
- State Farm - A++
- GEICO - A++
- Esurance - A+
- Allstate - A+
- The Hartford - A+
- Progressive - A+
- The General - A-
- Liberty Mutual - A
- 21st Century - A
Top 10 Major Auto Insurers in New Orleans Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
- The Hartford - 87%
- GEICO - 87%
- 21st Century - 84%
The diagram below shows how different deductible levels can raise or lower insurance costs when trying to find cheap insurance for a Toyota RAV4. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
A 30-year-old driver could reduce rates by $442 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $666 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could shave as much as $942 every year just by choosing higher deductibles.
If you do decide to increase your deductibles, it will be important to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Here's why price comparisons are so important
New Orleans, LA car insurance rates are impacted by many things that control the cost of coverage. Turning one year older, becoming a homeowner, or having a fender bender may prompt premium changes that can cause some rates to be more affordable than the competition. In addition to those changes, car insurance companies file new Louisiana auto insurance rates multiple times each year in order to be able to pay unexpected claims. Higher than normal claims can result in high rates, while less frequent claims may cause cheaper RAV4 insurance rates.
The bar chart below shows which companies have the cheapest car insurance in New Orleans, LA for a 30-year-old male driver with a clean driving record, no accidents, and a high credit rating. Based on his personal risk profile, USAA offers the most affordable car insurance rates in New Orleans at $2,755 a year. This is $341 more than the average premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also included in the top five cheapest New Orleans, LA auto insurance companies.
The next chart shows rates after we give the driver in the first example a claim or two, a lower credit rating, and a few traffic violations. Because each company has their own unique process for determining rates in each state, analyzing rates may now show a significantly different list of the cheapest New Orleans car insurance companies as shown below.
Southern Farm Bureau now has the best price in New Orleans with State Farm, MetLife, Safe Auto, and USAA also being competitive. This example proves why it is critical to shop around to find the most economical insurance rates for a Toyota RAV4.
Auto insurance prices are made up of many risk factors and can decrease or increase without notice, so the cheapest rate the last time you checked may now be quite expensive.
If you aren't sure which coverage you need and prefer to get some guidance when buying car insurance for a Toyota RAV4, the insurance agencies listed below are a good start to help you determine which coverage meets your needs best.
To locate a New Orleans auto insurance agent nearest to you, click the button at the bottom of the list or click here to get price quotes now.
- Martin Insurance Agency, Inc
4700 Orleans Ave - New Orleans, LA 70119 - (504) 486-6133 - Daul Insurance
94 Westbank Expressway Trail - Gretna, LA 70053 - (504) 362-0667 - Dan Burghardt Insurance Agency
5741 Crowder Blvd - New Orleans, LA 70127 - (504) 241-7283