why insurance for 4runner is significantly higher than others?

Just wondering why I'm paying almost double the rate than my Jeep Wrangler 392 or F150 Raptor? The 4runner is a $40K value vehicle at the end of the day(good day)..
I even did some quote for the 2024 GX550 and its still less expensive than a 2021 ORP..Both liability and collision coverage....why? because 4runner owner are claiming more damage?

 

Yes I understands age sex location carrier coverage history and almost everything else matters. And that's not the point of this thread. But I just can't figure out why 4Runner, a reletively cheap vehicle not hard to repair and cost less to replace deserves a higher insurance premium across the board.

 

Are you comparing current rates?


https://www.cbsnews.com/news/car-insurance-rates-inflation-costs/

 

My 24 PRO is $100 less than my 21 Raptor was.

 

Uhh not really.

Insurance rates are a complicated. They are determined based on:
- Local loss rates - theft rates, natural disaster/weather loss rates, and driver behavior (do people tend to speed and drive recklessly)
- Your age (under 25 pays more)
- Your sex (men pay more)
- Your marital status (single pay more)
- Your personal driving record
- The value of the car (affects comp and collision, minimal effect on liability)
- The theft and loss rate of that particular car (GX may rate better because they tend to be driven by wealthier people that live in lower crime suburban areas)
- How much coverage you carry
- Your credit rating (if your state regulations allow that)
- State regulation of rates ( - edit to remove borderline statement - )


This graphic and article is very enlightening. Florida for example is a perfect storm where loss rates due to hurricanes, etc are extreme (many insurance companies wont even write policies there) + very minimal state regulation of rate structures.

Massachusetts on the other hand, in spite of its "high tax high cost" reputation is actually the opposite. Gov tightly regulates insurance rates and limits what factors they can consider and the theft/weather loss rates are very low. Im middle aged, married, perfect driving record, stellar credit and I drive a 2023 Pro that they value over $50k. I carry the maximum coverage they offer - 500,000 liability, 100,000 property damage, full replacement cost collision and comp, rental car coverage, etc. Ive been with same insurance company for 25 years and have all my policies (cars, home, life, umbrella) with them. What would you guess I pay?

I went and looked at my current policy to give you an exact number. $885 per year (73/mo). My wifes car on our policy is only $600 as she is lower risk.





https://www.marketwatch.com/guides/insurance-services/car-insurance-rates-by-state/

 

Toyota in general and 4Runner in particular have poor security and are easily stolen by modern tech-savvy car thieves. This results in significant premiums over brands that do much better job.

 

Another data point that hurts. Look at your policy there should be a list in there of vehicles that are on the high theft list.

This is mine. 4Runner is on the list though 2021. But the 22 and 23 are not. May also be a factor in your case.

FYI, Lexus GX460 is on that list as well but they don't have statistics for the 550 yet.

 

Maybe if they cut ALL their TV ads they would cut their advertising expense's & past that saving's onto their customers!! And all the prescription meds too!

 

Advertising money is all write offs and reduce the taxes they pay.

 

Traded in a 2017 GMC Terrain for my 2023 4Runner. My full coverage insurance only went up $30/year.

 

Not sure why you thought making a political statement was wise but the map you posted does not seem to support your assertion. Based on the colors on that map, there seems to be very little correlation to the political leanings of the state. And MA is in the second highest grouping...

 

This is one of the few good things about living in Massachusetts. Full coverage for me on a '23 4Runner and a '13 Camaro SS is about $1,200 for 12 months, including both cars.

 

That map hurts. Delaware used to be super cheap when I first started driving in the mid-1980s, but as half of New Jersey moved here in the past couple of decades, our insurance rates have been adjusted to account for their lack of skill, patience, and courtesy. I can't wait to move a couple of time zones west when I retire in four years.

 

I guess I missed the political statement.

 

My rates went down when I switched from my 2017 Taco to my 22 Runner. Then went way up when I added my 2 kid to the plan

 

I have 19 and 16 year old sons.

I also drink.

 

More 4R dbag bros than dbags driving gx?

insurance company has the data

 

But isn’t that what the government wants, us to divide ourselves?

honestly, I don’t see that as a political statement, it’s accurate.

 

It was unnecessary and, based on the map he posted, inaccurate. The way you stop dividing people is to...stop using labels that divide people.

It could easily have been framed as states with more regulatory control tend to have lower rates without mentioning "red".

 

I agree that the way to stop dividing is to stop labels. I guess it shows how comfortable some of us have become to the red and blue state labeling, as I didn’t even pick up on it. But I still agree with the statement.

 

I pay about $1400 on my 2019 4Runner a year, plus taxes every year here in CT. Yes i really like my 4Runner and am willing to pay.

Way too many variables for me to want to switch and figure it out.

 

Several reasons for increasing car insurance.
From: https://www.forbes.com/advisor/car-insurance/car-insurance-rates-up-again/

“Car insurance premiums have surged by 22.2% over the past year, according to March’s Consumer Price Index figures from the Bureau of Labor Statistics, far outpacing the current inflation rate of 3.5%. Over the same 12-month period, car repair costs increased 11.6%, with maintenance and repair costs up 8.2%.
Premium costs are accelerating, with March’s 2.6% month-over-month jump in car insurance costs almost three times the size of February’s 0.9% rise, and 12-month increases exceeding 20% over the past four months–the largest increases since the 1970s. A Forbes Advisor analysis found U.S. drivers pay an average of $2,150 a year for full coverage car insurance.”

 

2024 Off Road. Perfect driving history. $1,380 with high deductibles in Florida. High rates here are in part because, 1) People drive like idiots, 2) Texting while driving is the norm not the exception, 3) People do not have enough sense to avoid parking in low lying areas that flood during storms, and 4) Shops here are charging up to $250 per hour for labor now.

 

We pay $1k a year for insurance on the 4R.

its about 15% less than the rate on a 2023 Subaru ascent.

Wish we have usage based rate.. I put on 300 miles per month.

 

Checked mine and I am in North Carolina. $1356 a year.

 

If Toyota would quit adding all of these "features" that I don't want, that have to be repaired after an accident, we all would save money on insurance.

 

I just mailed today our 6 month premium $796.76 for my 2023 Pro & wife's 2023 BMW 230i. Hers was few hundred more then mine. Both clean driving records, work from home so no commutes garage kept, credit scores +830, Owned house built in 2020 paid off 2008 only payment is my 4Runner & will probably pay that off soon. Have Home, Harley, ATV, Vehicles & before sold it last year boat all W/Gieco well home I just sent today is Liberty.

 

I just quoted few vehicles for fun and surprised 4Runner is the cheapest so far with exact same details..


2024 Toyota 4Runner






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2024 Honda Pilot






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2024 Subaru Ascent



2024 Ford F150 Raptor



2024 Dodge Durango








2024 BMW X5





2024 Tesla Model 3




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