How many times have you told yourself it's time to shop around for more affordable Toyota Rav4 insurance in Las Cruces? Finding cheaper insurance for your Toyota Rav4 in New Mexico could be difficult, but you can learn the following methods and make it easy. There are both good and bad ways to shop for insurance and we'll show you the proper way to quote coverages on a Toyota and find the lowest price either online or from Las Cruces insurance agents.
Choosing the most cost-effective auto insurance policy in Las Cruces is actually quite easy if you know where to start. If you're already insured or just want cheaper coverage, follow these tips to find the best rates while maximizing coverage. Smart buyers just need to learn the quickest way to shop for auto insurance online.
Getting a more affordable price on Toyota Rav4 insurance doesn't have to be difficult. Consumers just need to take the time to compare rate quotes to see which company has inexpensive Las Cruces car insurance quotes.
The providers in the list below are ready to provide price quotes in New Mexico. If multiple providers are shown, we recommend you compare several of them in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RAV4 Sport 2WD||$132||$258||$338||$20||$102||$850||$71|
|RAV4 Sport 2WD||$150||$258||$328||$20||$98||$854||$71|
|RAV4 Limited 4WD||$308||$616||$434||$26||$130||$1,514||$126|
|RAV4 Limited 2WD||$214||$416||$302||$18||$90||$1,040||$87|
|RAV4 Limited 2WD||$150||$258||$328||$20||$98||$854||$71|
|RAV4 Limited 2WD||$176||$264||$422||$24||$126||$1,012||$84|
|RAV4 Limited 4WD||$118||$220||$302||$18||$90||$748||$62|
|RAV4 Sport 4WD||$150||$258||$328||$20||$98||$854||$71|
|RAV4 Sport 4WD||$248||$420||$322||$20||$96||$1,106||$92|
|RAV4 Limited 4WD||$140||$242||$332||$20||$100||$834||$70|
|RAV4 Limited 4WD||$278||$500||$322||$20||$96||$1,216||$101|
|RAV4 Limited 2WD||$216||$426||$310||$18||$92||$1,062||$89|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific zip code location which can impact premium rates substantially.
How much more does full coverage cost?
The example below shows the difference between Toyota Rav4 car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in New Mexico. The premiums assume no violations or accidents, $500 deductibles, married female driver, and no policy discounts are applied.
When to drop comp and collision
There is no exact formula for phasing out full coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let's say your Toyota Rav4 replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after the policy deductible has been paid. If premium cost is more than $200 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Physical damage deductibles
The chart below shows how different deductible levels and can affect Toyota Rav4 insurance costs for different age groups of insureds. The data assumes a single male driver, full physical damage coverage, and no other discounts are factored in.
Auto insurance is not optional but you don't have to overpay
Even though it can be expensive, auto insurance is required by state law in New Mexico and it also provides benefits you may not be aware of.
First, most states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to drive the car. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your Toyota Rav4, it's guaranteed your bank will force you to have comprehensive coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Toyota at a much higher rate and require you to pay the higher price.
Third, insurance safeguards not only your Toyota but also your financial assets. It will also cover most medical and hospital costs for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of having insurance are definitely more than the cost, especially with large liability claims. On average, a vehicle owner in Las Cruces is overpaying over $825 a year so you should quote your policy with other companies at least once a year to ensure rates are competitive.
The auto insurance bait and switch
Consumers constantly see and hear ads that promise big savings for switching from companies such as GEICO, State Farm and Progressive. All the companies advertise the message of big savings just by switching to their company.
How can each company charge less that you're paying now?
Auto insurance companies have underwriting criteria for the type of insured that is profitable for them. An example of a desirable insured should be over the age of 40, has other policies, and drives a lower-performance vehicle. A propective insured who matches those parameters gets the lowest rates and will probably save quite a bit of money when switching.
Consumers who fall short of these stringent criteria will be charged higher premium rates which leads to the customer not buying. The trick is to say "customers that switch" but not "all drivers who get quotes" save that kind of money. That's why insurance companies can confidently make the claims of big savings. Different companies use different criteria so you really need to do a quote comparison often. Because you cannot predict which auto insurance company will have the best prices for your profile.
Auto insurance policy discounts you can't miss
Some companies do not list every possible discount very clearly, so the following list contains some of the best known and also the more inconspicuous discounts that you may qualify for.
- Pay Now and Pay Less - By making one initial payment instead of paying each month you could save 5% or more.
- Multiple Policy Discount - When you have multiple policies and insure them with the same company you may earn at least 10 to 15 percent or more.
- Sign Early and Save - Some larger companies reward drivers for switching companies before your current Rav4 insurance policy expires. The savings is around 10%.
- Air Bag Discount - Options like air bags can qualify for discounts of 25 to 30%.
- Anti-theft System - Cars and trucks that have factory anti-theft systems prevent vehicle theft and that can save you a little bit as well.
- Discounts for Safe Drivers - Drivers who avoid accidents can save up to 40% or more on their Las Cruces car insurance quote than their less cautious counterparts.
- Home Ownership Discount - Owning a home in Las Cruces can get you a discount because of the fact that having a home is proof that your finances are in order.
Don't be shocked that some of the credits will not apply to the entire cost. Most cut individual premiums such as liability and collision coverage. Just because you may think it's possible to get free car insurance, insurance companies wouldn't stay in business.
Insurance companies who might offer these money-saving discounts include:
When quoting, ask every company which credits you are entitled to. Depending on the company, some discounts might not apply in your area. To view insurance companies that provide some of the discounts listed above in New Mexico, click here.
Are insurance agents obsolete?
A lot of people just prefer to visit with an insurance agent. Licensed agents can help you choose the best coverages and help submit paperwork. One of the best bonuses of price shopping on the web is the fact that you can find the best rates and still have a local agent.
To find an agent, once you fill out this form (opens in new window), the coverage information is transmitted to insurance agents in Las Cruces that can provide free Las Cruces car insurance quotes for your insurance coverage. It's much easier because you don't need to contact any agents as quotes are delivered to the email address you provide. If you want to get a comparison quote from a specific insurance company, you can always find their quoting web page and complete a quote there.
Choosing an provider needs to be determined by more than just a cheap quote. The questions below may impact your decision as well.
- How is replacement cost determined on your vehicle?
- Will high miles depreciate repair valuations?
- Will the agent or a CSR service your policy?
- Are they able to provide referrals?
- Will the company cover a rental car if your car is getting fixed?
If you prefer to buy insurance from a good Las Cruces insurance agent, it can be helpful to understand the types of agencies and how they can service your needs differently. Insurance agencies in Las Cruces are either independent agents or exclusive agents depending on their employer. Either one can provide insurance policies, but it is important to understand the differences because it can factor into your selection of an agent.
Exclusive Insurance Agents
Agents in the exclusive channel write business for a single company and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide rate quotes from other companies so if the price isn't competitive there isn't much they can do. Exclusive agencies are highly trained on their company's products which helps them compete with independent agents. Drivers often purchase coverage from exclusives mostly because of the prominence of the brand rather than having low rates.
Below is a list of exclusive agents in Las Cruces who can help you get price quote information.
- Allstate Insurance: Dawna Vince
2990 N Main St #2a - Las Cruces, NM 88001 - (575) 523-5500 - View Map
- Progressive Southwest Insurance
301 N Solano Dr # 1 - Las Cruces, NM 88001 - (575) 527-5001 - View Map
- Ben Trujillo - State Farm Insurance Agent
1151 Heather Ave - Las Cruces, NM 88005 - (575) 382-3636 - View Map
Independent Insurance Agents
Agents that choose to be independent do not have single company limitations so they can insure your vehicles through many different insurance companies and get the cheapest rates. If they find a cheaper price, your policy is moved internally and you don't have to do anything. If you need lower rates, you should always contact at least one independent agent to have the most options to choose from. Many independent agencies also insure through smaller regional carriers which may have better rates.
Listed below are Las Cruces independent agencies that can give you rate quotes.
- Rio Grande Insurance Services
6770 Cordova Cir - Las Cruces, NM 88007 - (575) 524-1677 - View Map
- Ed Helsel Insurance
2211 N Main St #4 - Las Cruces, NM 88001 - (575) 523-2505 - View Map
- Fred Loya Insurance
2507 N Main St - Las Cruces, NM 88005 - (575) 527-0300 - View Map
Cheaper car insurance is out there
When buying insurance coverage, never skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced physical damage coverage and learned later that the small savings ended up costing them much more. Your objective should be to get the best coverage possible at the best price.
Discount Toyota Rav4 insurance in Las Cruces can be found on the web and from local insurance agents, so get free Las Cruces car insurance quotes from both of them so you have a total pricing picture. Some insurance companies may not provide the ability to get quotes online and most of the time these small insurance companies prefer to sell through local independent agencies.
In this article, we presented many ways to lower your Toyota Rav4 insurance rates in Las Cruces. The key thing to remember is the more you quote Las Cruces car insurance, the better likelihood of getting affordable Las Cruces car insurance quotes. You may even discover the lowest rates come from the least-expected company.
To learn more, take a look at the following helpful articles:
- Prom Night Tips for Teen Drivers (State Farm)
- What is the Cheapest Car Insurance in South Valley, New Mexico? (FAQ)
- How Much is New Mexico Auto Insurance for a Nissan Rogue? (FAQ)
- Who Has Cheap Car Insurance Rates for a Hyundai Sonata in New Mexico? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Bad Credit in New Mexico? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a 20 Year Old Female in New Mexico? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Under 21 in New Mexico? (FAQ)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Preventing Carjacking and Theft (Insurance Information Institute)