Your 3rd gen insurance rates rising?

[BostonJon]

We just renewed our insurance on the 4runner and it's 95ish bucks for 6 months (Statefarm, liability only). It hasn't changed in the few years that I've had it.

My Camry has gone up a couple times and they basically told me the same BS answer.

Almost the same here. Paying $100/6 months for liability only.

 

[TonyB66]

I sent-off a couple emails last night requesting quotes, starting first with our residence (homeowner's insurance).

BostonJon - Curious, are you paying that in Boston, or Boston area?

 

[BostonJon]

I sent-off a couple emails last night requesting quotes, starting first with our residence (homeowner's insurance).

BostonJon - Curious, are you paying that in Boston, or Boston area?

Nope - we keep the 4R at some rural property we have in OH.

 

[PoshSnoop]

nope, not yet. Progressive, and dropping price slightly as we age. 3 miles from work in a small town in the PNW. $486 for 6 months for full coverage on Prius, liability on T4R.

 

[prcGTI]

Ok, it's not just me then. 2001 SR5 here in Northern Cal and my rates went way up too. My wife is asking me wtf happened with the auto insurance.

I just aquired it last year in March and adding it on back then wasn't even a blip on our auto policy. This year's renewal ....totally different story and it's gone up > $700 for the year...whoa there Skippy! Me and my agent are going to have a heart to heart.

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[westdiablo]

Liability and collision coverage for the 4runner costs more than on my 2014 228i.

eSurance



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[TonyB66]

After a few months on full coverage upon ownership, I went liability only too. The trend (6 month coverage periods):

$164 -> $180 -> $238 (due in July)

Quite a big difference, but I'm in the south Bay Area of California. Of note, I have mine on minimal mileage, I think not to exceed 2,500 a year. I do maybe half of that now...

Started this thread about a year ago, and unfortunately it happened again. Now - $334. So:

$164 -> $180 -> $238 - $324

In about two years of being liability only, I've seen stepped increases of: 10%, 32%, and 36%. Nearly a 100% gain from when it was $164 in 2018.

I might need to have a different company for auto insurance, unfortunately...

 

[JZiggy]

Started this thread about a year ago, and unfortunately it happened again. Now - $334. So:

$164 -> $180 -> $238 - $324

In about two years of being liability only, I've seen stepped increases of: 10%, 32%, and 36%. Nearly a 100% gain from when it was $164 in 2018.

I might need to have a different company for auto insurance, unfortunately...

Tony,

My 6-mo premium is about where you are now and has been like that for the last few years. It didn't even change when moving from CA to GA.

We also have a CRV of similar vintage and it's always like $50 less than the 4Runner (maybe because it has ABS!)

 

[LittleCaesar]

Tony,

My 6-mo premium is about where you are now and has been like that for the last few years. It didn't even change when moving from CA to GA.

We also have a CRV of similar vintage and it's always like $50 less than the 4Runner (maybe because it has ABS!)

My two cents when it comes to all types of insurance: shop around with every company out there, leave nothing to chance.

I shopped around for home owners insurance just last year in South Carolina and received a much more comprehensive coverage plan that before while still managing to save over $900 from the previous year.

Paying less than $40 monthly from my Good Neighbor insurance company on the 4Runner, liability only, with coverage up to $750k. :artist:

 

[Sarki]

If your 4TR is a second vehicle and you have another vehicle that is a daily driver you may want to look into a specialty insurer such as Hagerty.
I have my 02 year 4TR insured with Hagerty, full coverage, $100 collision deductible, $0 comprehensive deductible, $8500 stated value.
I have no mileage restrictions and can drive anywhere I desire at any time.
I imagine if I started putting 10K+ miles annually they would want an explanation as this is not currently insured as my daily driver.
I have other vehicles so mileage is usually no more than 5K annually.
I pay $160 annually for above coverage in NYS.

 

[beklemmung]

I also have liability only (with Geico) and am currently paying $198 per 6 months. Coverage is $300k person / $500k occurrence and property liability limit of $100k. I do have a second vehicle and a $1m umbrella policy with Geico as well, but no homeowners since I'm a renter. This is in LA.

 

[Satter]

Just scheduled payments with my insurance company (State Farm) and noticed yet another increase for the 3rd gen. Up about 45% from two payments earlier.

I inquired with my agent and got this response:

It’s so weird, certain vehicles sustain or cause more damage in an accident. The popular 4 Runner is one of them.

We see that trend too where as your DD didn’t change in premium. Has nothing to do with your household driving record; rather the rating of that individual vehicle in claim occurrences across the board.

So, you also then?

It’s a bullsh!t answer. Insurance companies will come up with any excuse to raise rates.

 

[96RedRunner]

I also have liability only (with Geico) and am currently paying $198 per 6 months. Coverage is $300k person / $500k occurrence and property liability limit of $100k. I do have a second vehicle and a $1m umbrella policy with Geico as well, but no homeowners since I'm a renter. This is in LA.

Location location, LA nough said, agent explination is the formula.
I get full coverage same limits $1k deductable $225/6 months, 3.15 million state population.

 

[sugjavier]

Thanks to the MI Auto Insurance Reform, my dad, brother and I were able to save a thousands of money in coverage.

Before I used to pay 1200 a year for liability only.

Now it's gonna be a very low cost of $268 a YEAR.

I can actually get full coverage for like $700 a year but chose not to do that for 2021 since limited travels and working from home. Also I don't think it's worth it because they won't cover any upgrades I made so isn't it smarter to just save the money for repairs and maintenance vs the insurance?

What do you guys think, what if I get totalled etc?
How's the details on my insurance compared to yours?

 

[buratinos]

Just scheduled payments with my insurance company (State Farm) and noticed yet another increase for the 3rd gen. Up about 45% from two payments earlier.

I inquired with my agent and got this response:

It’s so weird, certain vehicles sustain or cause more damage in an accident. The popular 4 Runner is one of them.

We see that trend too where as your DD didn’t change in premium. Has nothing to do with your household driving record; rather the rating of that individual vehicle in claim occurrences across the board.

So, you also then?

Yes, especially this year, the price per month keeps going up by some percentage for many reasons according to my insurance company. Full coverage $300 per month.

I cross referenced with a few mates to see the difference. Used toyota car insurance is significantly less expensive than brand new. Obviously. But I didn't think that the difference is that much.

The average payment for used is between $1200 and $1450 per year with general liability (Plumbing Insurance - Cost & Coverage (2021))

For brand new car owners I'm thinking about starting to bounce around insurance companies to keep the rates lower. This sucks I know but what else can we do?

 

[FD7683]

Mine increased to $35 dollars this year. This is possibly due to people wrecking them which increased the insurance rate. I have progressive.

 

[brillo_76]

I believe we are going to see rate increases in everything due to inflation. Alot of people will bounce around insurance companies trying to keep their rates lower.



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[FD7683]

I believe we are going to see rate increases in everything due to inflation. Alot of people will bounce around insurance companies trying to keep their rates lower.



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Very true. I've seen that everything has been slowly getting more expensive as time progresses by. It sucks but it is what it is.

 

[Dom8706]

Wow I pay almost 600 per six months for just liability... Time to get some quotes.

 

[3bears]

my rates for my 2001 is $116 a year higher than they were for my 2000. Same coverage and the 2000 had 40k less miles. But i bet it had something to do with me totaling out my 2000 a few months ago. Single car accident, slid it in ice.