Toyota Tacoma insurance image courtesy of QuoteInspector.com
Finding cheaper auto insurance for a Toyota Tacoma hinges on a pretty complex algorithm that uses a lot of factors such as how far you drive to work, your geographic location, and driving violations and tickets. Drivers pay on average $1,125 per year for Tacoma insurance, but that is an approximation using a 50-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.
It's highly likely you are not 50 and maybe not even a male, possibly married instead of single, or maybe your Tacoma is old enough that it doesn't require full coverage. The different assumptions illustrate why the only way to find the most affordable coverage for your Toyota is to do the rate comparisons yourself.
Cheapest Toyota Tacoma Insurance Rates
Your Toyota's trim level tends to impact the yearly cost, so the price you pay to insure a Tacoma 2WD model will be $62 lower than the cost to insure the higher-priced Tacoma Double Cab TRD Sport Package 4WD model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $212 | $528 | $372 | $22 | $112 | $1,246 | $104 |
| Tacoma 4WD | $244 | $434 | $372 | $22 | $112 | $1,184 | $99 |
| Tacoma Double Cab 4WD | $244 | $528 | $372 | $22 | $112 | $1,278 | $107 |
| Tacoma X-Runner 2WD | $244 | $620 | $372 | $22 | $112 | $1,370 | $114 |
| Tacoma Double Cab 4WD | $274 | $528 | $372 | $22 | $112 | $1,308 | $109 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $274 | $528 | $372 | $22 | $112 | $1,308 | $109 |
| Tacoma Double Cab TRD Sport Package 4WD | $274 | $528 | $372 | $22 | $112 | $1,308 | $109 |
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in zip code location which can influence premiums significantly.
Trying to find low-cost insurance is not always easy, and deciding which insurers offer the lowest-priced auto insurance rates for a Toyota Tacoma requires even more perseverance. Every insurance provider has a different process for establishing rates, so we need to take a look at the auto insurance companies with the overall best prices in Philadelphia, PA.
It's a good idea to know that Pennsylvania auto insurance rates are influenced by many factors that can increase the price of your policy. This price variability is why it is critical to compare lots of rates to find the most affordable car insurance quotes for a Toyota Tacoma. Insurance rates can be determined by many different factors and can change substantially, so the most economical option three years ago may now be an over-priced policy.
Cheapest Insurance Rates for Your Tacoma
General Casualty has some of the most affordable car insurance rates in Philadelphia at around $718 per year. Travelers, Erie, USAA, and Penn National also are some of the lowest-priced Philadelphia, PA car insurance companies.
As shown in the rates above, if you are a customer of USAA and switched to Travelers, you might see a yearly savings of in the neighborhood of $22. Drivers with Penn National might save as much as $45 a year, and Auto-Owners policyholders might lower prices by up to $176 a year.
To find out how your current rates compare, click here to start a quote or feel free to get quotes from the companies below.
Bear in mind that those estimates are averages across all types of drivers and the different vehicles they drive and are not factoring in a specific location for a Toyota Tacoma. So the insurer that fits your situation best may not even be in the list above. That affirms the importance of why you need to get quotes using your own driver information and specific vehicle type.
Discounts on Philadelphia insurance
Insurance companies that offer quotes for a Toyota Tacoma may additionally offer discounts that could potentially reduce rates by as much as 40% or more if you meet eligibility requirements. Larger auto insurance companies and some of the premium reductions they offer can be read below.
- American Family discounts include TimeAway discount, mySafetyValet, early bird, accident-free, and multi-vehicle.
- State Farm may have discounts that include multiple autos, anti-theft, good driver, Steer Clear safe driver discount, driver's education, multiple policy, and good student.
- 21st Century offers discounts including automatic seat belts, student driver, air bags, homeowners, early bird, and teen driver.
- Travelers offers premium reductions for hybrid/electric vehicle, continuous insurance, IntelliDrive, save driver, payment discounts, multi-car, and student away at school.
- GEICO has savings for daytime running lights, seat belt use, air bags, emergency military deployment, driver training, multi-vehicle, and multi-policy.
The illustration below shows the comparison of insurance rates with and without discounts being applied to the rates. The premiums are based on a male driver, no violations or claims, Pennsylvania state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with accident-free, passive restraint, safe-driver, multiple policy, anti-theft, and multiple vehicle discounts applied. When drivers qualify for the discounts, the average savings per year on auto insurance for a Toyota Tacoma is 28% or $517.
The information below illustrates how your choice of deductibles can influence premium costs when researching cheap insurance for a Toyota Tacoma. The data is based on a single male driver, comp and collision included, and no additional discounts are factored in.
The data above shows that a 50-year-old driver could save $284 a year by switching from a $100 deductible to a $500 deductible, or save $428 by using a $1,000 deductible. Youthful drivers, like the 20-year-old example, can cut $914 every year just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it's a good idea to have plenty of money set aside to allow you to cover the extra out-of-pocket expense associated with higher deductibles.
Who has the cheapest Tacoma insurance?
Pennsylvania auto insurance rates are influenced by many factors which can significantly increase or decrease the cost of having a policy. Simply turning a year older, marrying your spouse, or getting a few speeding tickets can trigger price changes that can now make some companies more affordable than before.
Not only may your situation change, but car insurance companies change premium rates at least once a year as an adjustment for underwriting gains or losses. A period of increased losses can result in high rates, while a lower level of claims can produce cheaper Tacoma insurance rates.
As an example, the graph below demonstrates which company has the cheapest car insurance in Philadelphia, PA for a 35-year-old female driver with a clear driving record, no claims, and a good credit history. If we compare prices based on her current risk factors, General Casualty might quote the most affordable car insurance rates in Philadelphia at $1,667 per year. This is $10 more than the average rate paid by Pennsylvania drivers of $1,657. Travelers, USAA, Erie, and Penn National are the remaining best Philadelphia, PA auto insurance companies.
Now we will give the driver from the above example a chargeable accident, a little lower credit rating, and a speeding ticket. Because each insurer uses their own calculation for establishing rates, getting updated rate quotes could result in a slightly different list of cheap Philadelphia auto insurance companies as shown below.
Auto-Owners now has the best auto insurance rate in Philadelphia, PA with Atlantic States, Donegal Mutual, USAA, and Travelers now rounding out the top five. This example illustrates why Pennsylvania drivers need to take the time to shop around when trying to get the cheapest car insurance rates for a Toyota Tacoma. Rates can be altered by many factors and change dramatically, so the most economical company when you last compared rates may now cost much more than other companies.
How to find cheaper car insurance for a Toyota Tacoma
Here are some of the better penny-pinching solutions that can help you locate lower-cost coverage.
- Do not get into accidents that are your fault
- Do not pay for comprehensive and collision coverage on older vehicles
- Bundle home and auto and earn a discount
- Improve your credit
- Safer vehicles generally have cheaper insurance rates
- Ensure you have the best deal by shopping around regularly
That last tip is highly crucial, as we pointed out in the prior information. Car insurance rates in Philadelphia vary considerably, so drivers shouldn't hesitate to switch carriers if you can find a cheaper rate. Having a favorite company is fine, but is isn't recommended if that dedication is costing hundreds of dollars a year. Take a couple minutes and compare rates and find cheaper car insurance for a Toyota Tacoma.
If you like to have professional advice when shopping for cheaper insurance for a Toyota Tacoma, the agents listed below can probably help you decide which car insurance company is the best fit. To find a Philadelphia insurance agent in your neighborhood, click the link at the bottom.
- Nationwide Insurance: Ferullo Insurance Agencies LLC
1636 S Front St - Philadelphia, PA 19148 - (215) 468-4116 - Steven Breinlinger - State Farm Insurance Agent
7904 Germantown Ave - Philadelphia, PA 19118 - (267) 323-2923 - HandM Insurance Agency
5829 Rising Sun Ave - Philadelphia, PA 19120 - (215) 745-8001 - State Farm - Philadelphia - Thanh Pham
254 S 10th St - Philadelphia, PA 19107 - (215) 238-7400