Compare the Cost of Toyota Tacoma Insurance by Model Year and Company

MoneyGeek found that the average annual cost of insuring a Toyota Tacoma is $1,181, which is lower than the general average. Compared to other cars, the Toyota Tacoma is fairly inexpensive to insure. The rate you get might vary depending on the age of your vehicle and the insurance company you select.

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If you plan to get insurance for your Toyota Tacoma, comparing your options is important; insurance rates tend to vary based on different companies as well as the model you own. Your driver profile also plays a role in the rates you receive.

Key Takeaways

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While the annual cost to insure an average car model is $1,427, it drops to $1,181 for Toyota Tacoma.

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The average Toyota Tacoma insurance cost can vary by up to $479 depending on the insurance provider you select.

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The cost of your Toyota Tacoma insurance can change by as much as $244 based on the age of your car, with older cars getting cheaper rates.

How Much It Costs to Insure a Toyota Tacoma and the Cheapest Company

The insurance company you select can have an impact on whether you find expensive or cheap car insurance for your Toyota Tacoma. While the average insurance cost for Toyota Tacoma stands at $1,181, rates tend to vary from one service provider to the next.

Coverage through Allied averages out to $1,455 per year and is at the upper end of the spectrum. GEICO, at the opposite end, has average annual rates of $976. That’s a saving of close to $480 based on the service provider you select.

The Average Annual Cost of Toyota Tacoma Insurance by Company

MoneyGeek used a sample driver profile to collect information about rates of different insurance companies. In this case, the driver has 100/300/100 liability insurance with comprehensive and collision cover.

The Average Cost to Insure a Toyota Tacoma by Company

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Is a Toyota Tacoma Expensive to Insure?

Insurance providers take various factors into account when coming up with car insurance costs. Some of these include purchase price, horsepower and theft rate ranking.

A Toyota Tacoma is typically inexpensive to insure is because it is viewed as low value, which means that repair costs are low. Additionally, its low horsepower translates into a reduced likelihood of it getting involved in a major accident. These factors contribute toward the typically low insurance rates of Toyota Tacoma.

The Best Car Insurance Company for a Toyota Tacoma

Selecting the best car insurance company for your Toyota Tacoma requires that you look beyond the price. You should try to choose an insurer that provides a good overall experience.

After taking into account aspects such as customer satisfaction, complaints, financial stability and affordability, MoneyGeek’s rating system found:

  • USAA is the best service provider for Toyota Tacoma car insurance. However, the company is only available to military members and their families.
  • GEICO takes the second spot.

1
USAA
Score:96

4.8/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:90

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:82

4.3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:80

4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Toyota Tacoma by Model Year

Typically, the older your vehicle, the cheaper it is to insure: the value of your car depreciates with time, making it less expensive to insure.

The average annual cost of insuring a 2005 Tacoma is $992. Annual premiums increase to an average of $1,266 for a 2020 model. That’s a difference of up to $274.

The cost of insuring a Toyota Tacoma from any particular year can also vary based on different service providers. USAA offers the cheapest insurance for a 2020 Toyota Tacoma at an average of $1,032 per year.

Use the table below to see much it costs to insure your vehicle’s year through different auto insurance companies.

The Average Cost to Insure a Toyota Tacoma by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,041
    $1,012
    $1,083
    $999
    $978
    $895
    $822
  • 2.
    $1,032
    $1,044
    $1,166
    $1,084
    $1,048
    $901
    $841
  • 3.
    $1,217
    $1,215
    $1,179
    $1,164
    $1,149
    $1,026
    $977
  • 4.
    $1,326
    $1,304
    $1,276
    $1,254
    $1,224
    $1,063
    $949
  • 5.
    $1,220
    $1,338
    $1,232
    $1,404
    $1,367
    $1,176
    $1,172

How Expensive Is It to Insure a Toyota Tacoma Compared to Other Cars?

Owning a Toyota Tacoma is fairly inexpensive when it comes to car insurance, especially when compared to other vehicles. The average annual cost of insuring a Toyota Tacoma is $1,181, which is $247 less than the national average.

How Much It Costs to Insure a Toyota Tacoma for 16- to 25-Year-Olds

Young Toyota Tacoma drivers can end up paying considerably more to insure their pickups because of their inexperience on the road. While the average annual cost of insuring a Toyota Tacoma as a 40-year-old is $1,181, it increases to an average of $3,853 for an 18-year-old.

Teenagers may keep this cost down if their parents are willing to add them to their policy. It is more expensive for teens to buy their own policy.

You can find the cost of car insurance for young drivers ages 16 to 25 below.

The Average Cost to Insure a Toyota Tacoma by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $4,940
  • 17
    $4,376
  • 18
    $3,853
  • 19
    $2,760
  • 20
    $2,463
  • 21
    $1,950
  • 22
    $1,796
  • 23
    $1,643
  • 24
    $1,543
  • 25
    $1,400
  • 40
    $1,181

How Does Location Affect the Cost of Toyota Tacoma Insurance?

Insurance costs provided on this page are national averages. Where you live also plays a role in your Toyota Tacoma’s insurance cost. To learn more about how car insurance costs vary in different states, consider going through our state page analysis.

FAQs About Toyota Tacoma Insurance

The model of your car can have a big impact on your insurance rates, but that it’s one of many factors insurers consider when calculating prices. Learn more about Toyota Tacoma insurance from these frequently asked questions.

Read More About Car Insurance

Methodology

MoneyGeek collected information about Toyota Tacoma insurance rates offered by different service providers across several years. The sample driver profile belongs to a 40-year-old male driver who wishes to purchase a full coverage policy along with these covers.

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

Rates provided here are representative of averages and may give you an indication of what to expect. These are not the exact rates you will pay.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.