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2016 Toyota Tacoma Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 23, 2017

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Average insurance rates for a 2016 Toyota Tacoma are $1,278 a year for full coverage. Comprehensive costs an estimated $248 a year, collision insurance costs $430, and liability coverage costs $442. Buying a liability-only policy costs as little as $496 a year, and high-risk insurance costs around $2,770. Teen drivers receive the highest rates at up to $4,900 a year.

Annual premium for full coverage: $1,278

Rate estimates for 2016 Toyota Tacoma Insurance

Comprehensive $248
Collision $430
Liability $442

Rate data is compiled from all 50 U.S. states and averaged for all 2016 Toyota Tacoma models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For the average driver, prices range range from as low as $496 for the bare minimum liability coverage to a high of $2,770 for a driver that may need high-risk insurance.

Liability Only $496
Full Coverage $1,278
High Risk $2,770

View Chart as Image

2016 Toyota Tacoma insurance rates compared
Column chart showing 2016 Toyota Tacoma insurance prices range from $745 to $4,900 for full coverage

These differences show why it is important for drivers to compare rates for a targeted area and risk profile, rather than using price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2016 Toyota Tacoma Insurance

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Want better car insurance rates for your Toyota Tacoma? Expensive car insurance can drain your bank account and put a big crunch on your finances. Comparison shopping is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.

Since consumers have many different company options, it can be challenging to pick the right provider.

It’s a good habit to compare prices yearly since insurance rates change regularly. Even if you think you had the best price on Tacoma coverage a few years ago you may be paying too much now. Starting now, block out anything you think you know about car insurance because it’s time to teach you the quickest way to reduce your cost while increasing coverage.

The purpose of this article is to introduce you to the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. But drivers do need to know how insurance companies sell insurance online and apply this information to your search.

Compare the Market for Car Insurance

There are several ways to compare quotes from local car insurance companies. The fastest way to find the cheapest 2016 Toyota Tacoma insurance rates consists of obtaining rate quotes online. It is quite easy and can be accomplished in a couple of different ways.

  1. The best way to find low rates would be an industry-wide quote request form click here to open form in new window. This easy form saves time by eliminating boring form submissions for every car insurance company. A single form gets rate comparisons instantly.
  2. A different way to get comparison quotes consists of going to the website for every company you want to comare to complete their respective quote request forms. For instance, we’ll assume you want rates from Liberty Mutual, Farmers and Allstate. To get each rate you have to spend time on each company’s site and enter your information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The most time-consuming way to compare rates is driving to different agent offices. Shopping for car insurance online eliminates the need for an insurance agent unless you have a need for the personal advice of a licensed agent. However, consumers can compare the best prices online and still use a local agent. We’ll cover that shortly.

It’s up to you which method you use, but be sure to compare the exact same information for each price quote. If your comparisons have higher or lower deductibles then you won’t be able to determine the lowest rate for your Toyota Tacoma. Having just a slight variation in coverages could mean much higher rates. And when quoting car insurance, remember that getting more free quotes gives you a better chance of getting the best offered rates.

Do you qualify for a discount?

The cost of insuring your cars can be expensive, but there are discounts available that you may not know about. Some discounts apply automatically at the time you complete a quote, but some may not be applied and must be requested specifically before you get the savings.

  • Early Signing – Some companies give discounts for switching policies before your current expiration date. This can save 10% or more.
  • Discounts for Safe Drivers – Insureds without accidents may receive a discount up to 45% less on Tacoma coverage than less cautious drivers.
  • Seat Belts Save – Buckling up and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Payment Method – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Homeowners Pay Less – Being a homeowner may earn you a small savings because of the fact that having a home shows financial diligence.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.

Drivers should understand that most of the big mark downs will not be given to the entire cost. Most only cut specific coverage prices like comp or med pay. Even though it may seem like you could get a free car insurance policy, car insurance companies aren’t that generous. Any qualifying discounts will cut your premiums.

For a list of insurers who offer car insurance discounts, click here to view.

What coverages do I need?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions might point out whether you would benefit from an agent’s advice.

  • Do I need medical payments coverage since I have good health insurance?
  • Can I afford to buy a different vehicle if my 2016 Toyota Tacoma is totaled?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can I rate high risk drivers on liability-only vehicles?
  • If I drive on a suspended license am I covered?
  • When should I buy a commercial auto policy?
  • Is my 2016 Toyota Tacoma covered for smoke damage?
  • Do I need PIP coverage since I have good health insurance?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Parts of your auto insurance policy

Having a good grasp of your auto insurance policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Listed below are typical coverage types offered by auto insurance companies.

Liability insurance

Liability coverage can cover damage or injury you incur to people or other property that is your fault. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like attorney fees, emergency aid, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Coverage for collisions

Collision coverage pays for damage to your Tacoma from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like hitting a parking meter, crashing into a ditch, colliding with a tree, hitting a mailbox and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive coverages

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like fire damage, rock chips in glass and a broken windshield. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like doctor visits, surgery and dental work. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Rates by U.S. City

2016 Toyota Tacoma Insurance Rates by City
City Premium
New York City, NY $2,025
Los Angeles, CA $2,184
Philadelphia, PA $1,708
Jacksonville, FL $1,856
Phoenix, AZ $1,490
Chicago, IL $1,714
Houston, TX $2,002
Seattle, WA $1,247
Columbus, OH $1,072
Indianapolis, IN $1,089

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2016 Toyota Tacoma Insurance Rates by Driver Age
Driver Age Premium
16 $4,900
20 $2,952
30 $1,324
40 $1,278
50 $1,170
60 $1,148

Full coverage, $500 deductibles

Rates by Deductible

2016 Toyota Tacoma Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,578
$250 $1,440
$500 $1,278
$1,000 $1,124

Full coverage, driver age 40

Rates by Liability Limit

Toyota Tacoma Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,278
50/100 $1,366
100/300 $1,477
250/500 $1,764
100 CSL $1,411
300 CSL $1,654
500 CSL $1,831

Full coverage, driver age 40

Rates for High Risk Drivers

2016 Toyota Tacoma Insurance Rates for High Risk Drivers
Age Premium
16 $6,966
20 $4,702
30 $2,818
40 $2,770
50 $2,646
60 $2,622

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $177

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $67
Multi-vehicle $68
Homeowner $20
5-yr Accident Free $90
5-yr Claim Free $82
Paid in Full/EFT $55
Advance Quote $61
Online Quote $90
Total Discounts $533
Rate after discounts $745

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2016 Toyota Tacoma Insurance Rates by State
State Premium
Alabama $1,158
Alaska $982
Arizona $1,064
Arkansas $1,278
California $1,456
Colorado $1,224
Connecticut $1,316
Delaware $1,448
Florida $1,600
Georgia $1,182
Hawaii $920
Idaho $866
Illinois $952
Indiana $964
Iowa $862
Kansas $1,216
Kentucky $1,746
Louisiana $1,896
Maine $790
Maryland $1,056
Massachusetts $1,024
Michigan $2,224
Minnesota $1,070
Mississippi $1,534
Missouri $1,134
Montana $1,374
Nebraska $1,010
Nevada $1,534
New Hampshire $920
New Jersey $1,432
New Mexico $1,134
New York $1,350
North Carolina $736
North Dakota $1,048
Ohio $886
Oklahoma $1,314
Oregon $1,172
Pennsylvania $1,220
Rhode Island $1,708
South Carolina $1,158
South Dakota $1,082
Tennessee $1,122
Texas $1,540
Utah $948
Vermont $876
Virginia $766
Washington $990
West Virginia $1,172
Wisconsin $886
Wyoming $1,142

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