2018 Toyota Tacoma Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2018 Toyota Tacoma are $1,312 a year for full coverage. Comprehensive costs an estimated $272 each year, collision insurance costs $466, and liability costs $416. Buying a liability-only policy costs as little as $474 a year, and high-risk insurance costs around $2,832. Teenage drivers receive the highest rates at up to $4,948 a year.
Annual premium for full coverage: $1,312
Rate estimates for 2018 Toyota Tacoma Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2018 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 a driver in their 40's, prices range range from as low as $474 for a discount liability-only rate to a high rate of $2,832 for a driver who has had serious violations or accidents.
These differences show why all drivers should compare rates for a targeted area and risk profile, instead of using average rates.
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 2018 Toyota Tacoma Insurance
Trying to find the cheapest auto insurance rates? Buyers have many options when searching for the best price on Toyota Tacoma insurance. They can either waste time struggling with agents to get rate comparisons or utilize the internet to compare rates.
There are both good and bad ways to shop for auto insurance so we’re going to tell you the best way to price shop coverage on a Toyota and obtain the best price possible either online or from local insurance agents.
Lower your insurance rates
Many things are used in the calculation when premium rates are determined. Some of the criteria are obvious such as your driving record, but other criteria are more transparent such as your credit history or your financial responsibility.Part of the auto insurance buying process is learning some of the elements that help determine auto insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.
The factors shown below are just a few of the factors utilized by car insurance companies to help set your prices.
- Cheaper rates after marriage – Having a wife or husband can get you a discount when buying auto insurance. It translates into being more mature and it’s proven that drivers who are married file infrequent claims.
- High coverage deductibles equal low rates – Physical damage deductibles define the amount you are required to spend out-of-pocket before your auto insurance pays a claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some examples of covered claims are collision with another vehicle, fire damage, and having a roll-over accident. The higher the amount the insured is willing to pay, the less your auto insurance will be for Tacoma insurance.
- Experienced drivers pay less – Drivers with little experience are statistically proven to be inattentive and easily distracted in a vehicle therefore auto insurance rates are much higher. Older drivers are more responsible, file fewer claims and tend to be get fewer driving tickets.
- Reserve policy claims for larger damages – Auto insurance companies generally give cheaper rates to people who are not frequent claim filers. If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Your insurance policy is intended to be relied upon for more catestrophic claims.
- Demanding vocation may mean higher rates – Do you work in a high-stress field? Careers such as real estate brokers, social workers and emergency personnel generally pay higher premiums than the average policyholder due to intense work requirements and long work days. On the flip side, jobs like actors, students and performers generally pay rates lower than average for Tacoma insurance.
- Big cities have higher prices – Living in small towns and rural areas can be a good thing when shopping for auto insurance. Less people living in that area means fewer accidents in addition to fewer liability claims. Drivers in populated areas regularly have more traffic problems and longer commute times. The longer drive time statistically corresponds to a higher accident and claim rate.
The quickest method we recommend to compare car insurance company rates utilizes the fact almost all companies pay for the opportunity to provide you with free rate quotes. To begin a comparison, all you need to do is provide details such as how many miles driven, if your license is active, how your vehicles are used, and if the vehicle is leased. That rating data gets transmitted to many different companies and you will get price comparisons instantly to find the best rate.
If you would like to compare rates now, click here and enter your coverage details.
Lower rate quotes with these discounts
Auto insurance companies do not advertise all available discounts in a way that’s easy to find, so the following is a list of a few of the more common and the harder-to-find auto insurance savings.
- Own a Home – Being a homeowner can earn you a little savings since owning and maintaining a home shows financial diligence.
- Multiple Policy Discount – If you combine your homeowners and auto policies with one company you may save at least 10% off all policies.
- Early Switch Discount – Some insurance companies reward drivers for signing up prior to your current policy expiration. This discount can save up to 10%.
- Distant Student Discount – living away from home attending college and do not take a car to college could get you a discount.
- Life Insurance – Some insurance carriers give a small discount if you purchase life insurance from them.
- Sign Online – Many insurance companies will provide an incentive for buying a policy and signing up over the internet.
- Driving Data Discount – Drivers who agree to allow data collection to analyze driving patterns by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm may see discounts if they exhibit good driving behavior.
- Air Bags and Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of 25 to 30%.
A little note about advertised discounts, many deductions do not apply to the whole policy. Some only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like it’s possible to get free car insurance, it’s just not the way it works.
Car insurance companies that possibly offer some of the discounts shown above include:
If you need lower rates, check with every company which credits you are entitled to. A few discounts may not be available in your area. For a list of insurers with the best auto insurance discounts, enter your zip code here.
Insurance can be complex
When it comes to buying the right insurance coverage, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s.
For instance, these questions may help you determine whether you will benefit from professional help.
- Is extra glass coverage worth it?
- What if I total my 2018 Toyota Tacoma and owe more than it’s worth?
- Do I need roadside assistance coverage?
- Does my liability insurance cover pulling a trailer or camper?
- Am I covered if I wreck a rental car?
- Is my Toyota Tacoma covered if I use it for business?
If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and enter your zip code. It’s fast, free and can provide invaluable advice.
Having a good grasp of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring.
Auto collision coverage
Collision coverage covers damage to your Tacoma resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims like sustaining damage from a pot hole, backing into a parked car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to bring the cost down.
Liability car insurance
This provides protection from damage that occurs to other’s property or people. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as structural damage, medical expenses, pain and suffering and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Toyota Tacoma.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.
Comprehensive auto coverage
This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like theft, vandalism and fire damage. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments and PIP coverage
Med pay and PIP coverage pay for bills for things like hospital visits, chiropractic care, nursing services, dental work and pain medications. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible
Smart consumers save more
Drivers switch companies for many reasons like policy cancellation, delays in responding to claim requests, lack of trust in their agent or even policy non-renewal. No matter why you want to switch, finding a new insurance company can be pretty painless.
Throughout this article, we presented some good ideas how to reduce 2018 Toyota Tacoma insurance rates online. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. You may be surprised to find that the best price on insurance is with some of the lesser-known companies.
When buying insurance coverage, never reduce needed coverages to save money. There have been many situations where someone dropped full coverage and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at the best price, but don’t skip important coverages to save money.
Rates by U.S. City
|New York City, NY||$2,073|
|Los Angeles, CA||$2,241|
Need a specific model?
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$94|
|5-yr Claim Free||$84|
|Paid in Full/EFT||$58|
Discounts are estimated and may not be available from every company or in every state.