How Much is Auto Insurance for a Toyota RAV4 in Buffalo?

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Toyota Rav4 insurance cost
Toyota Rav4 insurance cost image courtesy of QuoteInspector.com

Buying economical auto insurance for a Toyota RAV4 in New York is pretty simple, but it hinges on a whole bunch of factors such as annual miles driven, if you have prior claims, and violations on your driving record. New York drivers will pay on average $599 annually for RAV4 insurance, but that is a valuation based upon a 40-year-old married male driver with full physical damage coverage and $1,000 deductibles.

The problem with using this number is the good chance you are not 40 and maybe not even a male, maybe you are single instead of married, and you don't want the same coverages and limits as the example. Have just a small change in rating criteria can make a big difference in the cost of insuring your RAV4.

There is no perfect policy for every driver, so the best way to find cheap insurance rates for your Toyota is to compare rates from as many companies as possible.

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Toyota RAV4 Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RAV4 2WD $114 $200 $272 $16 $82 $684 $57
RAV4 Sport 2WD $114 $200 $272 $16 $82 $684 $57
RAV4 4WD $114 $200 $272 $16 $82 $684 $57
RAV4 Limited 2WD $114 $200 $272 $16 $82 $684 $57
RAV4 Limited 4WD $114 $200 $272 $16 $82 $684 $57
RAV4 Limited 4WD $114 $200 $272 $16 $82 $684 $57
RAV4 Sport 4WD $114 $200 $272 $16 $82 $684 $57
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Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Information does not factor in vehicle garaging location which can increase or decrease insurance rates significantly.

Best insurance company in New York

Finding a high-quality insurance company is difficult considering how many choices you have in Buffalo. The company ratings below may help you pick which insurers to look at to insure your vehicles. These rankings are only comprised of the largest companies in the United States, so smaller companies are not included in these rankings.

Best Insurance Companies for a Toyota RAV4 in Buffalo
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Erie Insurance 92 90 82 88% A+ 88.5
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

Impact of speeding/accidents on Buffalo insurance rates

The recommended way to obtain the best insurance rates for a RAV4 is to be a good driver and have a clean driving record. The illustration below highlights how speeding tickets and accidents can drive up auto insurance rates for each age group. The premium estimates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of a car insurance policy in Buffalo per year with no accidents or violations is $1,654. Receive one speeding ticket and the average cost hikes up to $1,863, an increase of $209 each year. Now get one accident along with the one speeding ticket and the annual cost of insurance for a Toyota RAV4 increases to an average of $2,448. That's an increase of $794, or $66 per month, just for being a little careless behind the wheel!

Full coverage rates vs. liability-only

Saving on insurance is important to the majority of drivers, and one good way to save on the cost of insurance for a Toyota RAV4 is to buy liability only. The diagram below visualizes the comparison of insurance prices with full physical damage coverage compared to only buying liability only. The costs are based on no accidents or driving violations, $100 deductibles, single marital status, and no discounts are taken into consideration.

As an overall average, full coverage on your policy costs an extra $1,806 per year more than carrying just liability coverage. That is a large expense which might make you wonder when is the right time to remove full coverage. There isn't a steadfast formula to stop buying comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

The chart below shows how choosing a deductible can raise or lower insurance prices when searching for cheap insurance for a Toyota RAV4. The price estimates are based on a married male driver, full coverage, and no policy discounts are applied.

In the chart above, a 40-year-old driver could lower their policy premium by $220 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $334 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, could shave $736 or more just by choosing larger deductibles. If you do decide to increase your deductibles, it will be necessary to have enough savings set aside to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.