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


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Depending on your age and model year, you may pay a higher or lower premium for Toyota Tacoma auto insurance.

For example, a 40-year-old driver pays $1,123 annually for a 2009 model and $1,441 a year for a 2022 model. But a 16-year-old’s rates are significantly more — $5,192 for a 2009 Toyota Tacoma and $6,545 for the 2022 model.

These are average rates for a full coverage policy.

MoneyGeek also found the best car insurance companies that balance affordability with service quality and claims experience.

Key Takeaways

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Insuring a Toyota Tacoma averages $1,123 per year or $93 per month. This cost is relatively cheap because it is a low-value vehicle with low repair costs and very good safety ratings.

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State Farm offers the cheapest full coverage for a Toyota Tacoma at $1,036 per year. The most expensive option is Farmers at $1,549 per year, a potential savings of $513.

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Insuring a 2009 Toyota Tacoma costs around $1,123 annually, while a 2022 model costs approximately $1,441 per year. Newer models generally have higher insurance costs due to their higher market value.

MoneyGeek Logo IconCar Insurance CostsToyota Tacoma
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Toyota Tacoma.

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These rates were updated to reflect the average cost of car insurance for a Toyota Tacoma as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Toyota Tacoma

Full coverage auto insurance for a Toyota Tacoma averages $1,293 per year, but your actual cost may differ greatly from one insurer to the next.

For a full coverage policy, State Farm is the lowest-priced provider nationwide, with an average yearly cost of $1,036, and Farmers is the most costly, charging about $1,549 yearly.

Toyota Tacoma owners interested in a minimum coverage policy can also find the most affordable insurance with State Farm, approximately $489 per year. Farmers is also the most expensive at around $753.

By shopping around, you can find the most affordable car insurance for a Toyota Tacoma and save money.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State Farm$1,036
GEICO$1,055
Travelers$1,160
Nationwide$1,257
Allstate$1,319
Progressive$1,422
Farmers$1,549

Is a Toyota Tacoma Expensive to Insure?

Insurance companies take into account factors like horsepower, purchase price, safety ratings and theft rate when calculating insurance rates for a car model. Vehicles with a high value and theft rate, for instance, have a higher cost of insurance.

From our research, a Toyota Tacoma is affordable to insure because it is a low-value vehicle with low repair costs and very good safety ratings. The truck’s lower horsepower may reduce the chances of getting involved in a major accident, and its theft rate is also relatively low compared to other models. These features contribute to its low insurance cost.

Best Companies for Insuring a Toyota Tacoma

Aside from the cost of car insurance, you should consider the customer satisfaction and claims experience of a company before purchasing a policy for a Toyota Tacoma. MoneyGeek found the best auto insurance for a Toyota Tacoma comes from:

  • State Farm: MoneyGeek score of 90 out of 100 ($1,036 per year)
  • GEICO: MoneyGeek score of 90 out of 100 ($1,055 per year)

Our top pick, State Farm, outshines other insurers in providing the lowest full coverage premium. The insurer also ranks well for customer satisfaction, meaning Toyota Tacoma drivers will not need to pay more to get quality service.

MoneyGeek Top Pick: State Farm

State Farm

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The most affordable full coverage insurer overall for a Toyota Tacoma

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Ranks well for customer service

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Has roadside assistance and rental car reimbursement add-on coverages

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cons

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Does not offer the best claims experience

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Lacks unique add-on coverage options like custom parts

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No gap insurance or accident forgiveness

COMPANY HIGHLIGHTS

When it comes to balancing cost and customer satisfaction, State Farm stands out from other auto insurance companies. Based on our scoring system, the insurer had the highest affordability and second-highest customer satisfaction score for a Toyota Tacoma.

Some beneficial add-on coverages for a Toyota Tacoma include roadside assistance and rental car and travel reimbursement coverage.

State Farm’s rental car and travel reimbursement pays for a car rental to your policy’s maximum limit if your car becomes unusable after a covered accident. It also includes up to a $500 reimbursement for meals, transportation and accommodation, plus up to $500 of the deductible amount if you are responsible for an accident in a rental car.

Roadside assistance is available to cover towing, locksmith services and the delivery of gas, oil and other items in case of truck troubles or an emergency.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

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Offers the second-lowest full coverage premium for a Toyota Tacoma

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Ranks third for customer satisfaction

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Has rental car reimbursement, accident forgiveness (where available) and mechanical breakdown insurance

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cons

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Ranks below average on claims experience

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Lacks new car replacement, deductible modification and gap insurance

COMPANY HIGHLIGHTS

GEICO is the second cheapest for Toyota Tacoma auto insurance and ranks third for customer service. Toyota Tacoma owners can benefit from the insurer’s unique add-on coverage options that include mechanical breakdown insurance (MBI), which is not a common benefit.

With MBI coverage from GEICO, you have coverage for all your car systems and parts at a lower cost than a manufacturer or dealer extended warranty. Mechanical breakdown insurance is available to drivers with cars less than 15 months old with less than 15,000 miles.

Rental car reimbursement from GEICO pays a predefined amount for renting a vehicle if your car is unusable for over 24 hours due to a covered accident. You may also purchase or earn accident forgiveness coverage to ensure your rate does not spike after your first at-fault accident. (Accident forgiveness is not available in California, Connecticut or Massachusetts.)

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a Toyota Tacoma by Model Year

The average cost of car insurance for a 2009 Toyota Tacoma is $1,121 per year for full coverage, while a 2022 model costs $1,441 yearly.

As your car’s value decreases over time, its insurance cost may decrease as well. In this case, an older Tacoma may cost approximately $320 a year less than a newer model year.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022$1,441
2021$1,408
2020$1,359
2019$1,361
2018$1,340
2017$1,279
2016$1,270
2015$1,236
2014$1,184
2013$1,183
2012$1,158
2011$1,120
2010$1,134
2009$1,123

The average annual cost of auto insurance varies based on the insurer and the model year of a car. According to MoneyGeek’s findings, State Farm is the most affordable company for a 2009 Toyota Tacoma, costing an average of $880 per year for full coverage. For drivers with a 2022 model, GEICO is the cheapest provider, with a full coverage yearly average cost of $1,144.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
GEICO$1,144
State Farm$1,179
Travelers$1,302
Nationwide$1,338
Progressive$1,576
Allstate$1,684
Farmers$1,859

Cost of Insuring a Toyota Tacoma for 16- to 25-Year-Olds

Insurers consider your age when calculating an auto insurance premium. Policies cost more for teens and young drivers in their 20s due to inexperience and a higher likelihood of moving violations. For example, the average annual Toyota Tacoma full coverage policy rate for a 16-year-old is $5,770. Meanwhile, the same coverage costs around $1,257 a year for a 40-year-old.

Teen car insurance costs tend to decrease each year and become steady once they reach their twenties.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16$5,770
17$4,685
18$4,114
19$2,847
20$2,578
21$1,979
22$1,830
23$1,701
24$1,616
25$1,459

Teens can save on auto insurance by being included on their parent’s policy. And in most cases, a teen cannot legally purchase car insurance if they are under 18 without a parent or guardian to co-sign.

You can find the cheapest teen car insurance for an individual policy or as part of a family policy by comparing quotes from various insurance providers. We found a Toyota Tacoma’s cheapest full coverage for a 16-year-old with their own policy comes from State Farm, costing around $3,305 per year, while the most expensive insurer is Farmers, costing roughly $8,073 yearly.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State Farm$3,781
Travelers$5,166
GEICO$5,273
Nationwide$5,334
Allstate$7,813
Progressive$8,353
Farmers$9,516

How Does Location Affect the Cost of Toyota Tacoma Insurance?

Although insurers consider factors like age, model type and year when determining your premium for a Toyota Tacoma, where you live may also influence your costs significantly.

Each state features a different average cost for Toyota Tacoma auto insurance, with Idaho having the lowest premium and New York charging the highest average annual rate.

As you compare insurance costs for a Toyota Tacoma, it is helpful to get quotes from the average cheapest insurers in your state.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaNationwide$709$59
AlaskaState Farm$699$58
ArizonaRoot Insurance Company$682$57
ArkansasState Farm$629$52
CaliforniaAAA California$1,001$83
ColoradoAmerican National P&C$541$45
ConnecticutGEICO$693$58
DelawareState Farm$881$73
District of ColumbiaGEICO$662$55
FloridaState Farm$1,058$88
GeorgiaCountry Financial$665$55
HawaiiGEICO$565$47
IdahoAmerican National P&C$299$25
IllinoisCountry Financial$663$55
IndianaAmerican Family$555$46
IowaState Farm$509$42
KansasNationwide$670$56
KentuckyNationwide$790$66
LouisianaLouisiana Farm Bureau$1,048$87
MaineConcord Group$521$43
MarylandProgressive$938$78
MassachusettsState Farm$483$40
MichiganGEICO$898$75
MinnesotaState Farm$797$66
MississippiDirect General Insurance$723$60
MissouriNationwide$909$76
MontanaProgressive$437$36
NebraskaAmerican National P&C$405$34
NevadaCSAA$940$78
New HampshireState Farm$540$45
New JerseyPlymouth Rock Assurance$895$75
New MexicoState Farm$644$54
New YorkKemper$781$65
North CarolinaErie$630$52
North DakotaAmerican Family$616$51
OhioNationwide$485$40
OklahomaState Farm$662$55
OregonState Farm$706$59
PennsylvaniaNationwide$580$48
Rhode IslandState Farm$700$58
South CarolinaAmerican National P&C$463$39
South DakotaAllstate$746$62
TennesseeState Farm$579$48
TexasState Farm$699$58
UtahNationwide$725$60
VermontState Farm$493$41
VirginiaAmerican Family$601$50
WashingtonPEMCO$534$44
West VirginiaErie$784$65
WisconsinGEICO$556$46
WyomingState Farm$745$62

Frequently Asked Questions About Toyota Tacoma Insurance

Toyota Tacoma car insurance buyers are often concerned about the cost of coverage and service quality. MoneyGeek answered common questions about insuring this truck to help you select the best policy.

What company has the cheapest car insurance for a Toyota Tacoma?

What company offers the best car insurance for a Toyota Tacoma?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.