Do you want to save money by finding more competitive Toyota Venza insurance in Tulsa? Trying to find the cheapest insurance for a Toyota Venza in Oklahoma can turn out to be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to find auto insurance online and you need to know the best way to price shop coverage for a new or used Toyota and get the cheapest rates from both online companies and Tulsa agents.
You should take the time to get comparison quotes every six months since insurance prices go up and down regularly. Just because you had the best rates on Toyota Venza insurance in Tulsa on your last policy the chances are good that you can find a lower premium rate today. Block out anything you think you know about auto insurance because you’re going to get a crash course in the best way to save money, get proper coverage and the best rates.
Get cheaper Toyota Venza insurance in Tulsa with discounts
Some companies don’t always advertise every possible discount in an easy-to-find place, so the list below contains both the well known and the more hidden credits available to bring down your rates. If you are not receiving all the discounts you qualify for, you are not getting the best rate possible.
- Senior Citizen Rates – Seniors can get lower premium rates.
- Good Grades Discount – Performing well in school could provide a savings of up to 20% or more. Earning this discount can benefit you up until you turn 25.
- Driver Training Discounts – Taking time to complete a safe driver course could earn you a small percentage discount depending on where you live.
- Tulsa Homeowners Pay Less – Owning a house in Tulsa may trigger a policy discount on car insurance since home ownership is proof that your finances are in order.
- E-sign Discounts – A handful of insurance companies provide a small discount shop Tulsa car insurance online.
One thing to note about discounts is that some credits don’t apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. So even though you would think adding up those discounts means a free policy, you’re out of luck.
The illustration below compares Toyota Venza annual premium costs with and without some available policy discounts. The rate quotes are based on a male driver, a clean driving record, no at-fault accidents, Oklahoma state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, claim-free, safe-driver, and multi-policy discounts applied.
Larger car insurance companies and a partial list of their discounts are outlined below.
- Farm Bureau may offer discounts for safe driver, youthful driver, good student, driver training, renewal discount, multi-policy, and 55 and retired.
- State Farm may have discounts that include Steer Clear safe driver discount, good student, safe vehicle, accident-free, Drive Safe & Save, and multiple policy.
- Progressive offers discounts including multi-policy, multi-vehicle, homeowner, online signing, online quote discount, and continuous coverage.
- Allstate offers premium reductions for auto/life discount, anti-lock brakes, 55 and retired, premier discount, farm vehicle, and utility vehicle.
- Nationwide may include discounts for anti-theft, Farm Bureau membership, defensive driving, good student, and business or organization.
- MetLife offers discounts for good driver, defensive driver, claim-free, good student, accident-free, and multi-policy.
Before purchasing a policy, check with all companies you are considering to give you their best rates. A few discounts may not apply to policies in your state. If you would like to see a list of companies who offer free Toyota Venza insurance quotes in Tulsa, click here.
Ways to get Toyota Venza insurance quotes in Tulsa, OK
Cutting your Tulsa auto insurance rates doesn’t have to be difficult. Consumers just need to invest a few minutes comparing price quotes from some recommended companies.
The companies shown below are ready to provide free quotes in Tulsa, OK. If multiple companies are listed, we recommend you visit two to three different companies to find the lowest auto insurance rates.
Toyota Venza coverage analysis
The coverage information displayed below covers estimates of insurance premium costs for Toyota Venza models. Learning a little about how insurance prices are calculated can be useful when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $232 | $490 | $584 | $34 | $174 | $1,514 | $126 |
| Venza AWD 4-Dr | $232 | $490 | $584 | $34 | $174 | $1,514 | $126 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Information does not factor in vehicle location which can modify rates considerably.
Policy deductibles
One frequently asked question is how high should the physical damage deductibles be. The comparisons below can help illustrate the costs and benefits between low and high deductibles. The first data set uses a $100 deductible for physical damage and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $436 | $822 | $448 | $26 | $134 | $1,891 | $158 |
| Venza AWD 4-Dr | $436 | $822 | $448 | $26 | $134 | $1,891 | $158 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $318 | $554 | $448 | $26 | $134 | $1,480 | $123 |
| Venza AWD 4-Dr | $318 | $554 | $448 | $26 | $134 | $1,480 | $123 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price estimates do not factor in your specific Tulsa location which can decrease or increase insurance rates greatly.
Based on this data, using a $100 deductible costs about $35 more each month or $420 a year than requesting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 11 months between claims, you would probably be better off if you decide on a higher deductible. The numbers below show how you can make your own decision.
| Average monthly premium for $100 deductibles: | $158 |
| Average monthly premium for $500 deductibles (subtract): | – $123 |
| Monthly savings from raising deductible: | $35 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $35 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
An important sidenote is that increasing deductibles to lower your rates results in a higher out-of-pocket expense when you do file a claim. You should have some savings in the bank in the event you need to pay more to get your vehicle repaired.
Accidents and violations increase rates
The illustration below demonstrates how speeding tickets and at-fault fender-benders raise Toyota Venza insurance premiums for different categories of driver ages. The premiums assume a married male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.
Full coverage rates vs. liability-only
The diagram below illustrates the difference between Toyota Venza car insurance rates with full coverage compared to only the Oklahoma minimum liability coverage. The data is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no definitive rule that is best for determining when to drop full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
For example, let’s assume your Toyota Venza book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Can’t I compare rate quotes from local Tulsa car insurance agents?
A small number of people just prefer to sit down with an agent and often times that is recommended Licensed agents can help you choose the best coverages and help you file claims. One of the great benefits of comparing insurance prices online is you can get the best rates and still buy from a local agent.
To find an agent, once you fill out this short form, your information is immediately sent to companies in Tulsa who will return price quotes for your business. It simplifies rate comparisons since you won’t have to leave your house because quoted prices will be sent directly to you. If you want to get a rate quote from a particular provider, you just need to go to their quote page to submit a rate quote request.
Finding the right provider should include more criteria than just a cheap price. Any agent in Tulsa should be forthright in answering these questions:
- Do the coverages you’re quoting properly cover your vehicle?
- How many companies do they write for?
- Is there a local claims center in Tulsa?
- Do they carry Errors and Omissions coverage?
- Do they regularly work with personal auto policies in Tulsa?
- Can you use your own choice of collision repair facility?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Is their price quote a firm figure or are their hidden costs?
The following is a list of auto insurance companies in Tulsa that are able to give price quotes for Toyota Venza insurance in Tulsa.
- Janine Billings – State Farm Insurance Agent
4401 S Peoria Ave A – Tulsa, OK 74105 – (918) 747-9555 – View Map - Elonda Wicks – State Farm Insurance Agent
5807 S Garnett Rd g – Tulsa, OK 74146 – (918) 252-3313 – View Map - Louis Blosch Agency
9726 E 42nd St #210 – Tulsa, OK 74146 – (918) 664-7100 – View Map - Cathy Warren – State Farm Insurance Agent
6119 E 91st St Ste 100 – Tulsa, OK 74137 – (918) 481-6655 – View Map
Three main reasons to buy auto insurance
Even though Tulsa Venza insurance rates can get expensive, paying for auto insurance may be required and benefits you in several ways.
- Just about all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability insurance coverage in order to drive the car legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Toyota Venza has a lienholder, it’s most likely the lender will make it a condition of the loan that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may insure your Toyota for a lot more money and force you to pay for it.
- Insurance safeguards not only your Toyota Venza but also your financial assets. It will also pay for many types of medical costs that are the result of an accident. Liability coverage will also pay attorney fees if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to repair the damage.
The benefits of insuring your Venza are without a doubt worth the cost, especially with large liability claims. Today the average American driver overpays more than $865 each year so it’s important to compare rates at least once a year to save money.
Car insurance policy specifics
Learning about specific coverages of car insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.
Coverage for medical payments
Coverage for medical payments and/or PIP pay for immediate expenses for things like prosthetic devices, EMT expenses and rehabilitation expenses. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since many Oklahoma drivers have only the minimum liability required by law (25/50/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Collision protection
Collision coverage pays to fix your vehicle from damage resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like crashing into a building, sideswiping another vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible on your Venza to get cheaper collision coverage.
Comprehensive coverages
This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like fire damage, vandalism, theft, damage from getting keyed and falling objects. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Liability car insurance
This provides protection from injuries or damage you cause to people or other property. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability coverage protects against things like repair costs for stationary objects, medical expenses and attorney fees. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford. Oklahoma state law requires minimum liability limits of 25/50/25 but you should think about purchasing higher limits.
The next chart demonstrates why low liability limits may not be adequate.
Shop around and save
People leave their current company for a number of reasons such as high rates after DUI convictions, poor customer service, questionable increases in premium and unfair underwriting practices. No matter why you want to switch, switching companies is actually quite simple.
We just showed you a lot of tips how to save on Toyota Venza insurance in Tulsa. It’s most important to understand that the more times you quote, the better likelihood of getting low cost Tulsa car insurance quotes. You may even find the lowest prices are with a small mutual company.
Lower-priced auto insurance in Tulsa can be purchased both online and with local Tulsa insurance agents, so you need to quote Tulsa car insurance with both to have the best chance of lowering rates. There are still a few companies who may not have online rate quotes and these smaller providers provide coverage only through independent agencies.
How to find cheaper quotes for Toyota Venza insurance in Tulsa
Really, the only way to get budget auto insurance rates in Tulsa is to regularly compare quotes from insurance carriers who sell insurance in Oklahoma. You can compare rates by completing these steps.
First, spend a few minutes and learn about how companies set rates and the things you can change to drop your rates. Many things that drive up the price such as your driving record and a negative credit history can be rectified by making minor driving habit or lifestyle changes.
Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO and State Farm, while independent agents can provide rate quotes from multiple companies. View prices
Third, compare the new rate quotes to the price on your current policy to see if cheaper Venza coverage is available in Tulsa. If you find a better price and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
One key aspect when comparing rates is to try to compare similar deductibles and liability limits on each quote and and to get quotes from as many companies as possible. This guarantees the most accurate price comparison and the best price quote selection.
Additional detailed information is available by following these links:
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Who Has the Cheapest Tulsa Car Insurance for a Toyota 4Runner? (FAQ)
- What Insurance is Cheapest for a Toyota Highlander in Tulsa? (FAQ)
- How Much are Auto Insurance Quotes for Drivers with a DUI in Tulsa? (FAQ)
- Who Has Affordable Tulsa Auto Insurance Rates for Inexperienced Drivers? (FAQ)
- What Auto Insurance is Cheapest for Drivers with a Bad Driving Record in Tulsa? (FAQ)
- Who Has Affordable Tulsa Car Insurance Quotes for Good Students? (FAQ)
- Vehicle Insurance (Wikipedia)
- Collision Coverage (Liberty Mutual)
- How do I File a Claim? (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)