Toyota Tacoma Insurance Rates

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UPDATED: Apr 28, 2024

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Toyota Tacoma insurance
Are Tacomas expensive to insure compared to other vehicles? The average Toyota Tacoma insurance rates are $1,338 a year, or $111 a month. Read on to learn more about Toyota Tacoma car insurance rates and what you can do to save.

To start shopping for the cheapest Toyota Tacoma insurance rates in your area, enter your ZIP code in our free tool above.

U.S. average insurance rates for a Toyota Tacoma are $1,316 a year for full coverage insurance. Comprehensive costs on average $282, collision costs $478, and liability is $398. Liability-only coverage costs around $460 a year, with high-risk coverage costing around $2,836. 16-year-old drivers pay the highest rates at $4,924 a year or more.

Average premium for full coverage: $1,316

Price estimates by individual coverage:

Comprehensive $282
Collision $478
Liability $398

Includes $500 physical damage insurance deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 states and for different Tacoma trim levels.

Price Range from Low to High

For a 40-year-old driver, Toyota Tacoma insurance prices go from as low as $460 for your basic liability-only policy to a much higher rate of $2,836 for a driver required to buy high-risk insurance.

Liability Only $460
Full Coverage $1,316
High Risk $2,836

Geographic Price Range

Choosing to live in a large city can make a big difference on insurance rates. Rural areas have a lower frequency of physical damage claims than congested cities.

The price range example below illustrates how your location can change car insurance rates.

Rural Areas $987
Small Cities $1,382
Large Cities $1,777

The ranges above illustrate why anyone shopping for car insurance should compare rates quotes based on a specific location and risk profile, instead of making a decision based on rate averages.

Use the form below to get customized rates for your location.

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

More Rate Information

The chart below illustrates estimated Toyota Tacoma insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $765
  • Raising to $1,000 deductibles will save around $174 each year
  • The average rate for the average middle-age driver with $500 deductibles is $1,316
  • Buying more expensive low deductibles will increase the cost to $1,648
  • Drivers with multiple tickets or accidents could pay upwards of $2,836 or more
  • The price for full coverage for a 16-year-old driver with full coverage may cost $4,924

View Chart as Image

Toyota Tacoma insurance cost comparison chart
Column chart showing full coverage Toyota Tacoma insurance rates range from $765 to $4,924

Auto insurance prices for a Toyota Tacoma are also quite variable based on your driving record, the model year and trim level, and policy deductibles and limits.

An older driver with a good driving record and high deductibles may pay as low as $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay upwards of $4,900 a year. View Rates by Age

The state you live in also has a big influence on Toyota Tacoma insurance prices. A middle-age driver might find prices as low as $860 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,780 on average in Michigan, New York, and Florida.

Toyota Tacoma Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,190 -$126 -9.6%
Alaska $1,010 -$306 -23.3%
Arizona $1,092 -$224 -17.0%
Arkansas $1,316 -$0 0.0%
California $1,500 $184 14.0%
Colorado $1,256 -$60 -4.6%
Connecticut $1,354 $38 2.9%
Delaware $1,488 $172 13.1%
Florida $1,646 $330 25.1%
Georgia $1,214 -$102 -7.8%
Hawaii $944 -$372 -28.3%
Idaho $890 -$426 -32.4%
Illinois $982 -$334 -25.4%
Indiana $990 -$326 -24.8%
Iowa $888 -$428 -32.5%
Kansas $1,252 -$64 -4.9%
Kentucky $1,796 $480 36.5%
Louisiana $1,946 $630 47.9%
Maine $812 -$504 -38.3%
Maryland $1,084 -$232 -17.6%
Massachusetts $1,054 -$262 -19.9%
Michigan $2,286 $970 73.7%
Minnesota $1,102 -$214 -16.3%
Mississippi $1,578 $262 19.9%
Missouri $1,168 -$148 -11.2%
Montana $1,412 $96 7.3%
Nebraska $1,038 -$278 -21.1%
Nevada $1,578 $262 19.9%
New Hampshire $948 -$368 -28.0%
New Jersey $1,472 $156 11.9%
New Mexico $1,166 -$150 -11.4%
New York $1,386 $70 5.3%
North Carolina $758 -$558 -42.4%
North Dakota $1,076 -$240 -18.2%
Ohio $910 -$406 -30.9%
Oklahoma $1,352 $36 2.7%
Oregon $1,206 -$110 -8.4%
Pennsylvania $1,256 -$60 -4.6%
Rhode Island $1,756 $440 33.4%
South Carolina $1,194 -$122 -9.3%
South Dakota $1,110 -$206 -15.7%
Tennessee $1,152 -$164 -12.5%
Texas $1,586 $270 20.5%
Utah $974 -$342 -26.0%
Vermont $900 -$416 -31.6%
Virginia $786 -$530 -40.3%
Washington $1,018 -$298 -22.6%
West Virginia $1,206 -$110 -8.4%
Wisconsin $910 -$406 -30.9%
Wyoming $1,170 -$146 -11.1%

View Chart as Image

Toyota Tacoma insurance rates by U.S. city

Opting for high physical damage deductibles can reduce prices by up to $510 annually, while increasing your policy's liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $358 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying at a minimum $1,600 to $2,100 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost from 43% to 136% more than the average rate. View High Risk Driver Rates

Since prices can be so different, the only way to figure out exactly what you will pay is to compare prices from multiple companies. Every auto insurance company utilizes a different rate formula, and quoted prices may be quite different from one company to the next.

Insurance Rates by Trim Level and Model Year

Toyota Tacoma Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Tacoma 2WD $1,278 $107
Toyota Tacoma 4WD $1,244 $104
Toyota Tacoma Double Cab 4WD $1,286 $107
Toyota Tacoma X-Runner 2WD $1,404 $117
Toyota Tacoma Double Cab 4WD $1,328 $111
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,368 $114
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,368 $114

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Toyota Tacoma Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Toyota Tacoma $294 $482 $390 $1,324
2023 Toyota Tacoma $282 $478 $398 $1,316
2022 Toyota Tacoma $272 $466 $416 $1,312
2021 Toyota Tacoma $262 $446 $430 $1,296
2020 Toyota Tacoma $248 $430 $442 $1,278
2019 Toyota Tacoma $238 $400 $452 $1,248
2018 Toyota Tacoma $230 $376 $456 $1,220
2017 Toyota Tacoma $220 $338 $460 $1,176
2016 Toyota Tacoma $206 $310 $460 $1,134
2015 Toyota Tacoma $198 $292 $464 $1,112
2014 Toyota Tacoma $194 $272 $474 $1,098
2013 Toyota Tacoma $180 $252 $474 $1,064
2012 Toyota Tacoma $174 $228 $478 $1,038
2010 Toyota Tacoma $152 $190 $474 $974
2009 Toyota Tacoma $148 $170 $468 $944
2008 Toyota Tacoma $146 $166 $460 $930
2007 Toyota Tacoma $144 $160 $452 $914
2006 Toyota Tacoma $132 $152 $446 $888
2005 Toyota Tacoma $126 $144 $442 $870

Rates are averaged for all Toyota Tacoma models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Cheapest Toyota Tacoma Insurance

Getting lower rates on insurance for a Toyota Tacoma consists of being a low-risk driver, having good credit, not filing small claims, and taking advantage of discounts. Invest the time to shop around at every policy renewal by getting quotes from direct insurance companies like Progressive and GEICO, and also from local independent and exclusive agents.

The items below are a recap of the data illustrated above.

  • Insureds who require more liability coverage will pay around $440 annually to raise from a low limit to 250/500 limits
  • It is possible to save as much as $160 per year simply by shopping early and online
  • Increasing physical damage deductibles can save around $500 each year
  • Teen drivers are charged the highest prices, as much as $410 a month if they have full coverage

Whether you are buying 2020 Tacoma insurance or insurance for a used Toyota Tacoma, remember that shopping for insurance quotes will help you save. Use our free tool below to find the best Tacoma insurance costs in your area.

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What are the safety ratings of the Toyota Tacoma?

Not only do good safety features and ratings help keep you safe, but they will also help lower your car insurance rates. The Toyota Tacoma has some great safety features. In addition to a multiple airbag system, it has brake assist, traction control, lane departure warning, and more.

The 2020 Toyota Tacoma’s safety ratings from the Insurance Institute of Highway Safety (IIHS) are also good. Take a look at the ratings for various IIHS crash tests below.

  • Small overlap front (driver-side): Good
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

Good is the best rating from the IIHS, so most insurers should provide a small discount for the Toyota Tacoma’s safety features and ratings. If you would like to see how the IIHS tests vehicles, watch the video below to see what these ratings are based on.

Toyota Tacoma Compared Against Other Vehicles in the Same Class

The Toyota Tacoma is a small pickup. The IIHS has rated the Toyota Tacoma’s bodily injury and property damage liability losses as average, which means the Toyota Tacoma’s liability rates should be normal.

To see how the Toyota Tacoma’s insurance rates compare to other small pickups’ insurance rates, take a look at the list of vehicles below.

Are you ready to start shopping for Toyota Tacoma insurance rates? Enter your ZIP code in our free rate comparison tool.

References:

  1. https://www.iihs.org/ratings/vehicle/Toyota/tacoma-extended-cab-pickup/2020

Rates by Driver Age

Toyota Tacoma Insurance Rates by Driver Age
Driver Age Premium
16 $4,924
20 $3,024
30 $1,370
40 $1,316
50 $1,202
60 $1,178

Full coverage, $500 deductibles

Rates by Deductible

Toyota Tacoma Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,648
$250 $1,494
$500 $1,316
$1,000 $1,142

Full coverage, driver age 40

Rates by Liability Limit

Toyota Tacoma Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,316
50/100 $1,448
100/300 $1,547
250/500 $1,806
100 CSL $1,487
300 CSL $1,706
500 CSL $1,866

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Tacoma Insurance Rates for High Risk Drivers
Age Premium
16 $7,012
20 $4,806
30 $2,894
40 $2,836
50 $2,706
60 $2,682

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 $180

Potential Rate Discounts

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

Discount Savings
Multi-policy $69
Multi-vehicle $68
Homeowner $20
5-yr Accident Free $94
5-yr Claim Free $84
Paid in Full/EFT $59
Advance Quote $64
Online Quote $93
Total Discounts $551
Rate after discounts $765

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

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