Finding competitive auto insurance for a Toyota 4Runner in Hawaii is pretty simple for most people to do, but it is dependent upon a large number of rating criteria such as whether you are a homeower, whether you are claim-free, and your motor vehicle report. Drivers pay approximately $761 each year for 4Runner insurance, but that cost is an estimate calculated based on a 40-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.
It’s highly likely you are not 40 years old and maybe not even male, maybe you are single instead of married, or maybe you have a speeding ticket that needs to be factored in. Different coverage needs are the reason why the only real way to find the cheapest rates for your Toyota is to do the rate comparisons yourself. Compare rate quotes now and you can get prices from some of the best insurers in Hawaii.
Your Toyota’s trim level tends to impact the insurance rate, so the price you will pay to insure a 4Runner Sport 2WD model will be $138 lower than the cost to insure the higher-end 4Runner Limited 4WD model, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|4Runner Sport 2WD||$210||$260||$232||$14||$70||$786||$66|
|4Runner SR/5 2WD||$210||$318||$232||$14||$70||$844||$70|
|4Runner Sport 4WD||$210||$318||$232||$14||$70||$844||$70|
|4Runner SR/5 4WD||$210||$318||$232||$14||$70||$844||$70|
|4Runner Trail Edition 4WD||$234||$374||$232||$14||$70||$924||$77|
|4Runner Limited 2WD||$234||$374||$232||$14||$70||$924||$77|
|4Runner Limited 4WD||$234||$374||$232||$14||$70||$924||$77|
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in Honolulu location which can raise or lower premiums greatly.
Insuring your vehicle with the highest-rated insurer can be difficult considering how many choices you have in Hawaii. The ranking information below could help you pick which coverage providers you want to consider comparing price quotes from. These ratings are for large insurance companies, so smaller companies are not factored into these rankings.
Top 10 Major Auto Insurance Companies in Honolulu Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- Farmers Insurance
Top 10 Major Auto Insurance Companies in Honolulu Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- Liberty Mutual – 88%
- Allstate – 88%
- Esurance – 87%
- Progressive – 87%
How careless driving impacts Honolulu auto insurance rates
The ideal way to snag cheap auto insurance prices in Honolulu for a 4Runner is to drive cautiously and avoid accidents and keep your driving record clean. The diagram below illustrates how speeding tickets and at-fault fender-benders can drive up car insurance rates for different age groups of insureds. The data is based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of a car insurance policy in Honolulu per year with no accidents and a clean driving record is $1,798. Receive two speeding tickets and the average cost rises to $2,431, an increase of $633 each year. Next add two accidents along with the two speeding tickets and the annual cost of auto insurance for a Toyota 4Runner increases to an average of $4,460. That’s an increase of $2,662, or $222 per month, just for not driving safely!
How to get discounts on Honolulu car insurance
Insurance providers that provide coverage for a Toyota 4Runner could also offer policy discounts that can lower rates by as much as 35% or more if you are eligible to receive them. Companies and their possible discounts are shown below.
- GEICO has savings for good student, defensive driver, five-year accident-free, driver training, and anti-lock brakes.
- MetLife has discounts for claim-free, multi-policy, accident-free, defensive driver, and good driver.
- State Farm may include discounts for accident-free, anti-theft, multiple autos, passive restraint, defensive driving training, and Drive Safe & Save.
- Progressive offers premium reductions for online signing, online quote discount, continuous coverage, homeowner, multi-policy, multi-vehicle, and good student.
- Mercury Insurance policyholders can earn discounts including ease of repair, annual mileage, accident-free, good driver, age of vehicle, and location of vehicle.
- 21st Century may have discounts that include 55 and older, defensive driver, teen driver, good student, automatic seat belts, and student driver.
- Allstate offers discounts including good student, senior citizen, EZ pay plan discount, anti-lock brakes, defensive driver, and auto/life discount.
The chart below illustrates the comparison of auto insurance costs with and without some available policy discounts. The price estimates are based on a male driver, no accidents, no driving violations, Hawaii state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with defensive driving course, multiple vehicle, multiple policy, homeowner, safe-driver, and claim-free discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for a Toyota 4Runner is 27% or $415.
Cost difference between full coverage and liability
Reducing the cost of auto insurance is important to the majority of drivers, and one great way to buy cheaper insurance for a Toyota 4Runner is to buy liability only. The diagram below shows the comparison of premium costs with full coverage and liability only. The rate quotes are based on no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no other discounts are factored in.
As an overall average, full coverage costs an extra $1,903 per year more than carrying just liability coverage. At some point, almost every driver questions when is it safe to stop buying full coverage. There isn’t a written rule of when to exclude physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is about 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 vehicle’s replacement value is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,500 after you pay the deductible. If you are currently paying more than $650 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some cases where removing full coverage is not a good plan. If you haven’t satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should maintain full coverage.