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.

The average insurance rates for a Toyota Tacoma are $1,316 a year including full coverage. Comprehensive insurance costs an estimated $282, collision costs $478, and liability coverage costs $398. Liability-only insurance costs as little as $460 a year, with high-risk driver insurance costing $2,836 or more. Teen drivers cost the most to insure at $4,924 a year or more.

Average premium for full coverage: $1,316

Policy rates broken down by type of insurance:

Comprehensive $282
Collision $478
Liability $398

Rate estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and for all Tacoma models.

Price Range Variability

For the average 40-year-old driver, Toyota Tacoma insurance rates go from the low end price of $460 for a discount liability-only rate to the much higher price of $2,836 for a driver who requires high-risk insurance.

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

Urban vs. Rural Price Range

Your location has a large influence on the price of auto insurance. More rural locations are shown to have lower incidents of comprehensive and collision claims than larger metro areas.

The example below illustrates the difference location can make on insurance prices.

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

The examples above highlight why everyone should compare rates for a targeted area, rather than using price 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.

Rates by State, City, and Model

The chart below breaks down estimated Toyota Tacoma insurance rates for other coverage scenarios.

  • The lowest rate with discounts is $765
  • Drivers who choose higher $1,000 deductibles will pay approximately $174 every year
  • The estimated price for a good driver age 40 who has $500 deductibles is $1,316
  • Choosing pricier low deductibles for comprehensive and collision insurance will cost an additional $332 each year
  • High-risk insureds with multiple violations and an at-fault accident could pay up to $2,836 or more
  • Policy cost that insures a teenage driver for full coverage can cost as much as $4,924 a year

View Chart as Image

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

Auto insurance rates for a Toyota Tacoma also range considerably based on the model of your Tacoma, your driving record and age, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you are likely paying $1,600 to $2,100 in extra premium every year, depending on your age. Toyota Tacoma insurance for high-risk drivers can cost around 43% to 136% more than average. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may only pay around $1,200 per year on average, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay at least $4,900 a year. View Rates by Age

Your home state makes a big difference in Toyota Tacoma insurance rates. A 40-year-old driver could pay as low as $1,010 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,880 on average in Louisiana, New York, and Michigan.

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

Choosing high deductibles could save up to $510 a year, whereas buying more liability protection will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $358 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to regularly compare rates and see how they stack up. Every company uses a different rate calculation, and quoted rates will be varied.

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 Best Toyota Tacoma Insurance

Finding cheaper rates on auto insurance not only requires not taking risks behind the wheel, but also maintaining a good credit score, paying for small claims out-of-pocket, and qualifying for all possible discounts. Shop around at every other renewal by getting rate quotes from direct car insurance companies, and also from your local car insurance providers.

The following is a brief recap of the concepts that were touched on in this article.

  • Drivers who tend to receive serious violations could be charged and average of $1,520 more annually for Tacoma insurance
  • Teens are the costliest to insure, with premiums being up to $410 each month if the policy includes full coverage
  • You may be able to save approximately $160 per year simply by quoting online well ahead of the renewal date
  • Increasing comprehensive and collision deductibles can save approximately $500 each year
  • You may be able to save approximately $160 per year simply by quoting online well ahead of the renewal date

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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