Affordable Insurance for a Toyota FJ Cruiser in Greensboro

It’s an obvious conclusion that auto insurance companies don’t want policyholders to compare prices from other companies. Consumers who shop around for a cheaper policy are inclined to switch car insurance companies because there is a high probability of getting low-cost coverage. A survey found that drivers who regularly compared rates saved approximately $865 annually compared to policyholders who don’t regularly compare prices.

If finding discount rates on Toyota FJ Cruiser insurance is your intention, understanding how to shop for insurance rates can make the process more efficient.

Discount Toyota FJ Cruiser insuranceIf you want to save money, the best way to get the cheapest Toyota FJ Cruiser insurance in Greensboro is to regularly compare prices from companies who provide auto insurance in North Carolina.

  1. Take a few minutes and learn about individual coverages and the factors you can control to prevent high rates. Many rating factors that result in higher prices such as speeding tickets, accidents and a not-so-good credit rating can be amended by being financially responsible and driving safely.
  2. Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO or Allstate, while independent agents can quote prices from multiple insurance companies.
  3. Compare the new rate quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.
  4. Notify your company or agent of your intent to cancel the current policy. Submit a down payment along with a signed application for the new coverage. Once the paperwork is finalized, put the new proof of insurance certificate along with the vehicle’s registration papers.

An important bit of advice to remember is that you use identical coverages on each price quote and and to get quotes from as many different insurance providers as possible. This provides an apples-to-apples comparison and many rates to choose from.

Most major insurance companies like Progressive, GEICO, Allstate and State Farm allow you to get coverage prices on the web. Comparing Toyota FJ Cruiser insurance rates online is fairly simple as you simply type in your required coverages into a form. Behind the scenes, their rating system orders your driving record and credit report and generates a price. Getting online price quotes for Toyota FJ Cruiser insurance in Greensboro streamlines rate comparisons, and it is imperative to do this if you want to find the best rate possible.

To quickly find out what other companies charge, compare rate quotes from the providers shown below. If you have coverage now, it’s recommended you input the limits and deductibles as close as possible to your current policy. Doing this assures you will have comparison quotes based on identical coverages.

The following companies are our best choices to provide comparison quotes in Greensboro, NC. If you want to find cheap car insurance in NC, it’s highly recommended you get prices from several of them to get the most affordable price.

Cheaper Toyota FJ Cruiser insurance rates in Greensboro

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that can drop the cost substantially. Many discounts should be triggered when you quote, but some may not be applied and must be manually applied before you will receive the discount.Cheaper insurance with discounts

Keep in mind that many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, it’s just not the way it works.

The diagram below illustrates the difference between Toyota FJ Cruiser yearly insurance costs with and without policy discounts. The rates are based on a male driver, no claims or driving citations, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, homeowner, safe-driver, and multi-policy discounts applied.

Companies who may offer most of the discounts above possibly include:

If you want low cost Greensboro car insurance quotes, ask all companies you are considering how many discounts you can get. Some of the discounts discussed earlier may not be offered in Greensboro.

Rates and detailed analysis

The price information displayed next showcases detailed analysis of insurance premium costs for Toyota FJ Cruiser models. Being aware of how policy rates are established can help guide drivers when making smart choices when purchasing an auto insurance policy.

Toyota FJ Cruiser Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $172 $210 $254 $16 $76 $728 $61
FJ Cruiser 4WD $190 $210 $254 $16 $76 $746 $62
Get Your Own Custom Quote Go

Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in vehicle garaging location which can affect rates noticeably.

Physical damage deductibles: Should you raise them?

One frequently asked question is what deductibles to buy. The rates below may help to conceptualize the premium difference between low and high policy deductibles. The first rate estimation uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.

Toyota FJ Cruiser insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $242 $318 $250 $14 $74 $923 $77
FJ Cruiser 4WD $270 $318 $250 $14 $74 $951 $79
Get Your Own Custom Quote Go

Toyota FJ Cruiser insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
FJ Cruiser 2WD $134 $168 $250 $14 $74 $640 $53
FJ Cruiser 4WD $150 $168 $250 $14 $74 $656 $55
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in garaging location in Greensboro which can affect auto insurance rates significantly.

We can derive from the above data that using a $100 deductible costs about $24 more each month or $288 each year averaged for all FJ Cruiser models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 38 months between claims, you would save money if you decide on a higher deductible. The illustration below shows a better example of how you can make your own decision.

Average monthly premium for $100 deductibles: $78
Average monthly premium for $1,000 deductibles (subtract): – $54
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

The example below demonstrates how choosing different deductibles and can increase or decrease Toyota FJ Cruiser premium costs for different insured age categories. The prices are based on a married male driver, full coverage, and no discounts are applied to the premium.

Do you need full coverage?

The chart below shows the difference between Toyota FJ Cruiser premium costs with full physical damage coverage and with liability coverage only. The data assumes no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied to the premium.

Guidelines for eliminating full coverage

There isn’t a written rule to delete physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Toyota FJ Cruiser replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after paying your policy deductible. If premium cost is more than $600 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

How Insurance Providers Determine Toyota FJ Cruiser Insurance Premiums

Consumers need to have an understanding of some of the factors that go into determining the rates you pay for auto insurance. If you understand what determines base rates, this allows you to make educated decisions that may result in lower premium levels. Lots of things are part of the equation when quoting car insurance. Some of the criteria are obvious such as traffic violations, but some are not quite as obvious such as your credit history and annual miles driven.