Compare the Cost of Toyota Tundra Insurance by Model Year and Company
Toyota Tundra insurance costs $1,453 yearly, making it a moderately pricey car to insure. GEICO offers the lowest average premium for full coverage, but your rate may differ due to the driver's age and the car's model year.
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The cost of insurance for a Toyota Tundra can vary depending on the age of the driver, the model year and the insurer. On a full coverage policy, a 16-year-old will pay an average of $5,508 a year for a 2009 Toyota Tundra, while a 40-year-old driver's average premium would be $1,182. For the 2022 model year, a 16-year-old's average insurance rate is $7,151, and a 40-year-old driver's is $1,592.
MoneyGeek scored the best insurers based on their affordability, customer service and claims experience.
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Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Toyota Tundra.
These rates were updated to reflect the average cost of car insurance for a Toyota Tundra as of 2023.
Average Cost and Cheapest Companies for Insuring a Toyota Tundra
The average cost of insuring a Toyota Tundra is $1,438 annually, but your rates may vary depending on your chosen company. GEICO is the most affordable option for a full coverage policy, offering an average annual rate of $1,139, while Farmers is the most expensive at $1,717. If you opt for minimum coverage, State Farm is the cheapest option at $482 per year on average, and Farmers is the most expensive at $800.
Is a Toyota Tundra Expensive to Insure?
Insurance rates for a Toyota Tundra can fluctuate depending on the driver's age, driving record and the car's registered location. Certain models, however, may be more expensive to cover due to their value, repair costs or likelihood of being stolen. The cost of insuring a Toyota Tundra is moderate compared to other car models due to its relative safety and fair purchase price.
Best Companies for Insuring a Toyota Tundra
Our research showed that the best auto insurance providers prioritize cost, claims management and customer experience. Based on our rankings, we found that the best companies to insure your Toyota Tundra are:
- State Farm: MoneyGeek score 90 out of 100 ($1,154 per year)
- GEICO: MoneyGeek score 90 out of 100 ($1,139 per year)
State Farm offered the best combination of affordability and customer satisfaction of the seven insurers we reviewed. These scores translate to quality service for a great price.
MoneyGeek Top Pick: State Farm
Offers affordable rates for your Toyota Tundra at $1,154 per year
Ranks highly in customer satisfaction
Low score in claims management
Limited add-on coverage options
State Farm's auto insurance provides quality service at an affordable rate for your Toyota Tundra. Its additional coverage options may be limited, but they can benefit most drivers.
With State Farm's Car Rental and Travel Expenses coverage, you'll be compensated for a rental car if your car needs repairs after a covered loss. In the event of an accident in a rental car, State Farm will pay up to $500 of your deductible and up to $500 for meals, accommodations and transportation if the incident occurs more than 50 miles from your home. The company will simplify the process by paying an in-network rental agency directly, but if you choose an out-of-network rental company, you'll receive up to $16 per day or $400 per incident.
MoneyGeek Runner-Up: GEICO
Offers the most affordable policy for a Toyota Tundra at $1,139 per year
Ranks highly in customer satisfaction
Offers Mechanical Breakdown Insurance and Roadside Assistance coverage
Low claims management score
Doesn't offer Original Equipment Manufacturer (OEM) coverage
GEICO scored 90 out of 100 to tie with State Farm but ranked second due to its lower customer satisfaction score. With a broad range of coverage options at affordable rates, GEICO is an excellent choice of insurer for your Toyota Tundra. The company offers valuable add-ons, including Mechanical Breakdown Insurance (MBI), Accident Forgiveness and Roadside Assistance Coverage.
MBI covers all parts and systems on your vehicle, unlike dealer-extended warranties that are typically limited to specific services. This coverage is available for vehicles that are 15 months old or newer and have fewer than 15,000 miles driven. Accident Forgiveness ensures your premiums won't increase after your first at-fault accident, although this add-on coverage is unavailable in California, Connecticut and Massachusetts. Roadside Assistance coverage helps cover the cost of flat tire changes, towing and lockout services.
Cost of Insuring a Toyota Tundra by Model Year
A full coverage policy for a 2009 Toyota Tundra is about $1,182 annually, while the same policy for a 2022 model costs an average of $1,592 per year. The average cost of car insurance for a Toyota Tundra will depend on the model year. Newer vehicles are typically more expensive to insure than older models since cars decrease in value with age.
Your average car insurance rates will depend on the provider and the car’s model year. For a 2009 Toyota Tundra, State Farm is the most affordable insurer, with an annual rate of $928 for a full coverage policy. GEICO is the cheapest option for the 2022 model, with an average yearly rate of $1,275.
Cost of Insuring a Toyota Tundra for 16- to 25-Year-Olds
Providers will consider the driver's age when setting insurance rates for a Toyota Tundra. Auto insurance costs for drivers in their teens and early 20s are generally much more expensive than for drivers in their 30s and 40s. The average rate for comprehensive coverage on a Toyota Tundra for a 16-year-old is approximately $6,378, while a 40-year-old would pay around $1,395 for the same policy. As teen drivers age, their premiums tend to decrease until they reach their 20s, at which point their rates become more stable.
To find the most affordable premiums, teen drivers should join a family plan instead of choosing an expensive individual plan. State Farm offers full coverage on a 2022 Toyota Tundra for a 16-year-old driver at an annual rate of $4,360, while Farmers’ rate is $10,174 for the same policy. These figures are for individual policies, but joining a family policy could significantly reduce these costs. Shopping around and comparing quotes is the best way for teen drivers to find an inexpensive insurer.