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.
While the annual cost to insure an average car model is $1,427, it drops to $1,181 for Toyota Tacoma.
The average Toyota Tacoma insurance cost can vary by up to $479 depending on the insurance provider you select.
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.
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.
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.
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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.
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:
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.
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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.
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.
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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.
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.
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.
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.
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