Buying cheap car insurance for a Toyota Tacoma is normally pretty easy, but it is dependent upon a lot of factors such as your age, whether or not you garage your vehicle, and your driving record. Drivers pay around $760 a year to insure their Tacoma, but that price is a projection based upon a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
But there is a high likelihood that you are not 50 and maybe not even a female, maybe you are married instead of single, and maybe your Tacoma just needs liability-only coverage. Even a slight change in the factors used in pricing a policy may result in a big change in how much insurance for a Toyota Tacoma costs.
Each driver’s needs are different, and that demonstrates why the way we recommend to find cheap auto insurance rates for your Toyota is to compare as many rates as possible. Price quotes are quick and you can get prices from top-rated car insurance companies available.
View Toyota Tacoma Insurance Rates
The trim level of your Toyota tends to have a direct impact on the yearly cost, so the price you will be charged to insure a Tacoma 2WD model will be $44 lower than the cost to insure the high end Tacoma Double Cab TRD Sport Package 4WD model, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $146 | $346 | $256 | $16 | $76 | $840 | $70 |
| Tacoma 4WD | $168 | $284 | $256 | $16 | $76 | $800 | $67 |
| Tacoma Double Cab 4WD | $168 | $346 | $256 | $16 | $76 | $862 | $72 |
| Tacoma X-Runner 2WD | $168 | $408 | $256 | $16 | $76 | $924 | $77 |
| Tacoma Double Cab 4WD | $190 | $346 | $256 | $16 | $76 | $884 | $74 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $190 | $346 | $256 | $16 | $76 | $884 | $74 |
| Tacoma Double Cab TRD Sport Package 4WD | $190 | $346 | $256 | $16 | $76 | $884 | $74 |
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in specific Cleveland garaging location which can affect auto insurance rates greatly.
Buying budget insurance is confusing at best, and finding out which companies have the most affordable car insurance rates for a Toyota Tacoma will involve even more rate comparisons. Every auto insurer has a proprietary method for setting rates, so we need to take a look at the car insurance companies with the overall cheapest rates in Ohio.
It’s important to understand that Cleveland car insurance rates are calculated based on many things which can substantially decrease or increase the cost of a policy. That is why it is so important to take the time to shop around to find affordable car insurance rates for a Toyota Tacoma. Rates are made up of many risk factors and change substantially, so the cheapest rate a year ago may now not even be in the top five.
Cheap Insurance Rates for Your Tacoma
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $654 |
| 2 | Allied | $669 |
| 3 | Erie | $687 |
| 4 | Frankenmuth | $701 |
| 5 | Travelers | $705 |
| 6 | USAA | $733 |
| 7 | Cincinnati Insurance | $749 |
| 8 | Merchants Insurance Group | $771 |
| 9 | Motorists Mutual | $792 |
| 10 | Grange Mutual | $828 |
| 11 | General Casualty | $837 |
| 12 | State Farm | $858 |
| 13 | Central Mutual | $866 |
| 14 | Hastings Mutual | $884 |
| 15 | Atlantic States | $931 |
| 16 | Westfield | $946 |
| 17 | Western Reserve | $961 |
| 18 | Progressive | $982 |
| 19 | Nationwide | $988 |
| 20 | Auto-Owners | $988 |
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Utica National quotes some of the most affordable car insurance rates in Cleveland at around $654 a year. Allied, Erie, Frankenmuth, and Travelers also qualify as some of the more affordable Cleveland, OH insurance companies.
As shown in the rates above, if you currently buy coverage from Allied and switched to Utica National, you could see a yearly price reduction of in the neighborhood of $15. Policyholders with Erie might save as much as $33 a year, and Frankenmuth insureds might realize rate reductions of up to $47 a year.
Understand that those premiums are averages for all ages of drivers and types of vehicles and do not factor in a specific location for a Toyota Tacoma. So the company that has the cheapest rates for you may not even be in the top 33 companies in the list above. That affirms the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.
The example below illustrates how your choice of deductibles can raise or lower insurance costs when getting quotes for cheap insurance for a Toyota Tacoma. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
As shown above, a 40-year-old driver could pocket $210 a year by changing from a $100 deductible to a $500 deductible, or save $316 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old category, have the ability to save as much as $516 or more by choosing a higher deductible. If you do make the decision to raise your deductibles, it’s a good idea to have enough savings to enable you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Impact of violations and accidents on rates
The easiest way to score good car insurance premiums for a Tacoma is to be a careful driver and not receive tickets or have accidents. The example below demonstrates how speeding tickets and at-fault collisions increase insurance premiums for each different age category. The data assumes a single female driver, full coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of auto insurance per year with no accidents and a clean driving record is $1,500. Get one speeding ticket and the average cost surges to $1,698, an increase of $197 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of car insurance for a Toyota Tacoma increases to an average of $2,255. That’s an increase of $755, or $63 per month, just for being a little careless behind the wheel!
Types of discounts on Cleveland auto insurance rates
Car insurance companies that provide coverage for a Toyota Tacoma may have policy discounts that could lower prices by 25% or more if you can meet the requirements. Large car insurance companies and their possible discounts are outlined below.
- American Family has discounts for mySafetyValet, bundled insurance, good student, good driver, and TimeAway discount.
- Farm Bureau may include discounts for safe driver, youthful driver, good student, renewal discount, multi-vehicle, and 55 and retired.
- State Farm offers premium reductions for driver’s education, anti-theft, Steer Clear safe driver discount, Drive Safe & Save, and good student.
- Travelers has savings for multi-car, continuous insurance, IntelliDrive, multi-policy, and home ownership.
- The Hartford may offer discounts for air bag, anti-theft, bundle, vehicle fuel type, and defensive driver.
- GEICO offers discounts for air bags, anti-theft, five-year accident-free, emergency military deployment, multi-policy, military active duty, and federal employee.
- Progressive may have discounts that include online signing, multi-vehicle, homeowner, continuous coverage, and online quote discount.
The diagram below shows the difference between car insurance costs with and without some available policy discounts. The premiums assume a female driver, no claims or violations, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with claim-free, vehicle safety, homeowner, defensive driving course, multiple policy, and accident-free discounts applied. When taking advantage of discounts, theaverage yearly reduction on car insurance for a Toyota Tacoma is 27% or $377.