Who Has the Cheapest Auto Insurance for a Toyota 4Runner in Indianapolis?

Finding competitive car insurance for a Toyota 4Runner hinges on an enormous amount of rating factors such as your financial responsibility, your address, and any driving offenses on your record. Drivers in Indiana pay approximately $720 a year to insure their 4Runner, but that price is a projection based on a 50-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.

It’s more than likely you’re not a 50-year-old female, single instead of married, and you may just want the cheapest liability coverage you can find. Just a slight change in the criteria used to calculate rates can result in a massive change in rates.

Having different needs demonstrates why the only real way to find affordable rates for your Toyota is to compare as many rates as you can.

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The specific trim level will have an impact the cost of insurance, so the price you will pay to insure a 4Runner Sport 2WD model will be $130 cheaper than the insurance cost for the more expensive 4Runner Limited 4WD trim level, as shown by the rates below.

Toyota 4Runner Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
4Runner Sport 2WD $188 $250 $224 $14 $68 $744 $62
4Runner SR/5 2WD $188 $304 $224 $14 $68 $798 $67
4Runner Sport 4WD $188 $304 $224 $14 $68 $798 $67
4Runner SR/5 4WD $188 $304 $224 $14 $68 $798 $67
4Runner Trail Edition 4WD $210 $358 $224 $14 $68 $874 $73
4Runner Limited 2WD $210 $358 $224 $14 $68 $874 $73
4Runner Limited 4WD $210 $358 $224 $14 $68 $874 $73
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Prices do not factor in vehicle location which can raise or lower coverage rates significantly.

Buying low-cost car insurance is not easy, and figuring out which companies quote the cheapest auto insurance rates for a Toyota 4Runner calls for additional perseverance. Each insurance company has a proprietary method for determining rates in each state, so let’s take a look at the most budget-friendly auto insurance companies in Indiana.

Best Car Insurance Prices for Your Toyota

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Cheapest insurance companies in Indiana
Rank Company Cost Per Year
1 Travelers $620
2 Cincinnati Insurance $664
3 USAA $667
4 Erie $705
5 Western Reserve $838
6 The Hartford $863
7 Indiana Farmers Mutual $867
8 Auto-Owners $879
9 Utica National $956
10 Nationwide $968
11 Safeco $983
12 Motorists Mutual $996
13 State Farm $997
14 Hastings Mutual $1,003
15 Farmers $1,022
16 Westfield $1,072
17 State Auto $1,087
18 Wolverine Mutual $1,094
19 GEICO $1,122
20 Progressive $1,139
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Travelers normally has some of the most affordable car insurance rates in Indianapolis at around $620 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve also are some of the lowest-priced Indianapolis, IN car insurance companies.

As the example above demonstrates, if you buy coverage from Erie and switched to Travelers, you could realize annual savings of in the neighborhood of $85. Indiana drivers with Western Reserve might save as much as $218 a year, and The Hartford customers might lower prices by up to $243 a year.

To find cheaper insurance rates for your vehicle, click here to begin a quote or quote prices from the following companies.

Remember that these rates are averaged across all insureds and vehicles and do not take into consideration an exact zip code location for a Toyota 4Runner. So the company that fits your age and vehicle best may not even be in the top 36 companies shown above. That points out the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.

Drive responsibly or pay higher rates

A great way to get the most affordable auto insurance rates in Indiana for a 4Runner is to be a safe driver and avoid accidents and traffic violations. The illustration below demonstrates how speeding tickets and at-fault fender-benders can raise insurance costs for different insured age categories. The price estimates are based on a single male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

The data in the chart shows the average cost of auto insurance in Indianapolis per year with a clean driving record and no accidents is $1,835. Factor in two speeding tickets and the average cost jumps to $2,440, an increase of $605 each year. Now include two accidents along with the two speeding tickets and the annual cost of auto insurance for a Toyota 4Runner jumps again to an average of $4,454. That’s an increase of $2,619, or $218 per month, just for not paying attention while driving!

Low rates today, overpriced tomorrow

Indianapolis auto insurance rates are based on many factors which can substantially decrease or increase the policy premium. Getting older, moving to a different location, or getting a couple of tickets can trigger price changes resulting in some rates now being much cheaper than others.

Also, insurers modify rates at least once a year to adjust for unexpected claims or profits. A period of increased losses may result in more expensive prices, while less frequent claims can produce lower-cost 4Runner insurance rates.

To illustrate this point, the data below demonstrates which company has the cheapest car insurance in Indianapolis, IN for a 40-year-old female driver with no prior accidents, a clean driving record, and good credit. If we compare prices based on her personal risk profile, Travelers may offer the best car insurance rates in Indianapolis at $710 annually. This is $530 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also on the list of the best Indianapolis, IN auto insurance companies.

The chart below compares rates after we give the driver from the first rate comparison some claims, a lower credit rating, and a speeding citation. Because each company has their own formula for determining prices, comparing rates may now result in a significantly different list of the cheapest car insurance companies in Indianapolis as shown below.

Indiana Farmers Mutual now has the best price on car insurance in Indianapolis, IN with Auto-Owners, Cincinnati Insurance, USAA, and Nationwide completing the list. This example demonstrates why drivers need to compare many different companies to get the best car insurance quotes for a Toyota 4Runner. Auto insurance prices are calculated by many different factors and can increase or decrease at any time, so the cheapest rate three years ago may now cost much more than other companies.

How to find budget-friendly car insurance for a Toyota 4Runner

It’s not impossible to find cheaper rates, and here are some of the recommended penny-pinching suggestions that can help drivers quote more affordable auto insurance.

The last idea is particularly vital, as we discussed in this article. Rates can be adjusted at any time, so don’t be hesitant to buy a different policy if you can save money.

Having a favorite company is fine, but it isn’t a good idea if that loyalty results in overpaying potentially thousands of dollars a year. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for a Toyota 4Runner in Indianapolis.