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Worried about finding the right kind of insurance for your Toyota? Look no further. We have plenty of information on Toyota insurance rates, discounts, and forms of coverage that will put your worries at ease.
Although Toyota has a stellar reputation for producing safe and high-quality cars, the past few years have not been the best for the company. The financial crisis of 2008 led to some of the worst financial losses in the company’s history. In 2009, a series of accelerator malfunctions and other safety concerns caused the car company to issue massive recalls, tarnishing their reputation for producing safe automobiles. Most recently, the tragic tsunami and earthquake that hit Japan produced massive disruptions to the Toyota supply chain.
Despite all of these recent setbacks, finding cheap Toyota car insurance is not as difficult as you would think. Shopping around online for the most affordable insurance quote is a good place to start, but you can continue reading to discover other ways to save money on your Toyota car insurance.
Despite safety concerns and massive recalls, 2009 Toyota auto insurance rates were down almost 7% on their most popular models. These include the Camary, the Yaris, the Scion, and the Corolla. On average, drivers were paying somewhere around $2,400-$3,000/year for their Toyota car insurance premiums. This flies in the face of conventional car insurance wisdom since the sticker price for these vehicles tends to run a little higher than comparable models, and more expensive cars tend to carry higher premiums. Clearly, safety is an important factor when shopping around for cheap Toyota car insurance.
Finding an online quote for your car insurance policy is a quick and easy way to start looking for the best deal. Keep in mind that when providing information for these quotes, you may need to purchase more or less coverage depending and several different factors. If you plan on financing your Toyota, the bank which holds your loan may require you to purchase comprehensive coverage in order to protect the investment. Liability only covers your Toyota if you are found to be at fault in an accident, but cannot protect you from weather, theft, or an accident which was not your fault. While purchasing the bare minimum amount of coverage will save you money every month, unforeseen circumstances may leave you with a large bill you didn’t budget for.
IF you already have insurance on your home, you can check to see if they offer discounts when you bundle your Toyota car insurance. But don’t forget to compare their quote online to make sure you’re getting the best deal.