Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Dec 30, 2017

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Looking for lower insurance coverage rates for your Toyota Supra? Do you get overwhelmed by the number of insurance coverage choices in your area? There are such a large number of options that it can easily become a chore to locate the lowest premium rates.

It’s a good habit to get comparison quotes before your policy renews because prices are usually higher with each renewal. If you had the best price on Supra insurance a couple years back you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about insurance coverage online but you can learn the easiest ways to stop overpaying for insurance.

First Step: Get free insurance quotes

There are several ways to obtain and compare prices from companies that offer insurance in your state. By far the easiest way to find the lowest 1994 Toyota Supra rates is to get quotes online. This can be done in a couple of different ways.

The simplest way to get quotes for comparison is an all-inclusive rate comparison (click to open form in new window). This form keeps you from doing separate quote forms for every insurance company. A single form gets prices estimates instantly. It’s the fastest way to compare.

A different way to analyze rates requires a visit to each company’s website and fill out their own quote form. For instance, let’s say you are doing a rate comparison from Liberty Mutual, State Farm and Allstate. You would have to go to every website and repeatedly enter your information, which is not fast way to get rate quotes. For a list of companies in your area, click here.

It doesn’t matter which method you choose, just make sure you use apples-to-apples information for each comparison quote. If each company quotes different coverage information it will be impossible to determine which company has the best rates. Just slight variations in coverage limits can make a big difference in price. Keep in mind that comparing all the rates in your area will enable you to find more affordable rates.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Auto insurance ads are enticing

State Farm and Allstate endlessly run ads on television and other media. They all make the point that you’ll save big if you just switch your policy. Is it even possible that every company can claim to save you money?

Auto insurance companies quote their best rates for the type of driver that is profitable for them. An example of a preferred risk may be a married female, has few claims, and chooses high deductibles. Someone who matches that profile will get low rates and will cut their rates substantially.

Potential customers who don’t measure up to these standards will be charged a higher rate which translates to the customer buying from a different company. The trick companies use is to say “customers who switch” not “everyone that quotes” save that kind of money. This is how companies can lure you into getting a quote.

Because every company is different, it’s extremely important to get price quotes at each policy renewal. Because without a comparison, you cannot know the company that will give you lower premium rates than your current company.

Five discounts for affordable car insurance rates

Properly insuring your vehicles can get expensive, but you might be missing out on some discounts that you may not know about. A few discounts will be applied at the time of quoting, but some may not be applied and must be specially asked for prior to getting the savings.

  • Anti-lock Brake System – Cars that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Good Student Discount – Being a good student may save as much as 25% on a car insurance quote. This discount can apply up until you turn 25.
  • Military Rewards – Having a family member in the military can result in better car insurance rates.
  • Cautious Drivers – Accident-free drivers can pay as much as 50% less on Supra insurance than their less cautious counterparts.
  • Multiple Policy Discount – If you combine your homeowners and auto policies and insure them both with the same insurance company you may earn as much as 10 to 15 percent.

Drivers should understand that many deductions do not apply to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, that’s just not realistic.

A list of car insurance companies and some of the discounts are detailed below.

  • Farm Bureau has discounts for safe driver, multi-policy, youthful driver, 55 and retired, renewal discount, driver training, and multi-vehicle.
  • State Farm includes discounts for safe vehicle, accident-free, anti-theft, defensive driving training, and Steer Clear safe driver discount.
  • Progressive may offer discounts for online quote discount, multi-vehicle, homeowner, online signing, and continuous coverage.
  • Allstate may include discounts for FullPay discount, utility vehicle, new car, safe driver, anti-lock brakes, passive restraint, and premier discount.
  • Nationwide may have discounts that include easy pay, Farm Bureau membership, anti-theft, accident-free, multi-policy, defensive driving, and good student.
  • MetLife offers discounts including good student, accident-free, multi-policy, defensive driver, good driver, claim-free

If you are trying to find low cost car insurance quotes, ask every insurance company how many discounts you can get. Some discounts may not apply in your area. If you would like to choose from a list of insurance companies with discount car insurance rates, click this link.

Tailor your insurance coverage to you

When choosing the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Every insured’s situation is different.

These are some specific questions might point out whether or not you would benefit from professional advice.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can my babysitter drive my car?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my camper covered by my car insurance policy?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered if my car is in a flood?
  • Where can I get insurance after a DUI in my state?

If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Car insurance policy specifics

Learning about specific coverages of car insurance can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive or Other Than Collision – Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as falling objects, vandalism and a tree branch falling on your vehicle. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance – Coverage for medical payments and/or PIP reimburse you for bills for things like hospital visits, rehabilitation expenses, funeral costs, nursing services and chiropractic care. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverages – Collision insurance will pay to fix damage to your Supra resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with a tree, scraping a guard rail and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are set the same as your liablity limits.

Liability – Liability insurance protects you from damage that occurs to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims like legal defense fees, medical expenses, structural damage and bail bonds. How much coverage you buy is up to you, but you should buy higher limits if possible.

Better coverage you can count on

Consumers who switch companies do it for any number of reasons including delays in responding to claim requests, high rates after DUI convictions, not issuing a premium refund and even an unsatisfactory settlement offer. Regardless of your reason, finding a new company is less work than it seems.

We just covered some good ideas how to shop for 1994 Toyota Supra insurance online. The most important thing to understand is the more price quotes you have, the better likelihood of getting cheaper car insurance. Drivers may discover the lowest premium rates come from the smaller companies.

As you prepare to switch companies, make sure you don’t reduce needed coverages to save money. There have been many situations where an accident victim reduced liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. Your strategy should be to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.

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