Toyota Tacoma Insurance Rates

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.

The average auto insurance rates for a Toyota Tacoma are $1,316 annually including full coverage. Comprehensive insurance costs approximately $282 a year, collision insurance costs $478, and liability is $398. Liability-only coverage costs around $460 a year, and high-risk coverage costs $2,836 or more. Teenage drivers cost the most to insure at up to $4,924 a year.

Average premium for full coverage: $1,316

Policy rates by type of insurance:

Prices include $500 policy deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and Tacoma trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can have significant affects on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than densely populated cities. The diagram below illustrates the difference location can make on auto insurance prices.

The examples above highlight why it is important to compare rates quotes using their specific location and their own personal driving habits, instead of using average rates.

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

Rates by State, City, and Model

The chart below breaks down average Toyota Tacoma insurance rates for additional coverage and risk scenarios.

• The best discount rate is $765
• Raising to $1,000 deductibles will save $1,142 every year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,316
• Using low $100 deductibles costs an additional $332 every year
• At-risk drivers who are prone to accidents and violations could pay around $2,836
• Policy cost with full coverage for a teen driver can cost $4,924

View Chart as Image

Insurance rates for a Toyota Tacoma also range considerably based on the model year and trim level, your driving characteristics, and physical damage deductibles and liability limits.

Older drivers with no violations or accidents and high physical damage deductibles may pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they should be prepared to pay in the ballpark of $4,900 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $1,600 to $2,100 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 136% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can reduce rates by up to $510 every year, while buying higher liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $358 more each year. View Rates by Deductible or Liability Limit

Your home state also has a big influence on Toyota Tacoma insurance prices. A middle-age driver might find rates as low as $1,010 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,880 on average in Louisiana, New York, and Michigan.

View Chart as Image

Insurance Rates by Trim Level and Model Year

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.

How to Buy the Right Toyota Tacoma Insurance

Finding cheaper rates on car insurance consists of being safe and accident-free, having good credit, paying for small claims out-of-pocket, and consideration of higher deductibles. Make time to compare rates every couple of years by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below you'll find a quick rundown of the material that was touched on in this article.

• Policyholders who purchase more liability protection will pay an extra $440 per year to raise from a 30/60 limit to higher 250/500 limits
• Youthful drivers are the costliest to insure, with premiums being up to $410 each month if they have full coverage
• Higher risk drivers with reckless driving or DUI convictions may have to pay on average $1,520 more per year than a low-risk driver
• Increasing comprehensive and collision deductibles could save up to $500 each year

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.

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.

• Chevrolet Colorado Insurance Rates
• GMC Canyon Insurance Rates
• Honda Ridgeline Insurance Rates

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