Toyota Tacoma Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 5, 2023

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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.

Average auto insurance rates for a Toyota Tacoma are $1,324 annually with full coverage. Comprehensive costs on average $294 each year, collision insurance costs $482, and liability insurance is $390. Liability-only coverage costs around $452 a year, and high-risk coverage costs around $2,844. Teenage drivers receive the highest rates at up to $4,916 a year.

Average premium for full coverage: $1,324

Rate estimates by individual coverage type:

Comprehensive $294
Collision $482
Liability $390

Estimates include $500 policy deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all U.S. states and Tacoma models.

Price Range by Coverage and Risk

For the average 40-year-old driver, prices range range from as cheap as $452 for minimum levels of liability insurance to a high rate of $2,844 for a high-risk insurance policy.

Liability Only $452
Full Coverage $1,324
High Risk $2,844

Price Range by Location

Choosing to live in a large city has a significant impact on auto insurance rates. Rural areas tend to have fewer collision claims than densely populated cities. The graphic below illustrates the difference location can make on car insurance rates.

Rural Areas $993
Small Cities $1,390
Large Cities $1,787

These examples demonstrate why all drivers should compare rates quotes based on a specific location and their own personal driving habits, rather than relying on average rates.

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.

Additional Rate Details

The chart below details average Toyota Tacoma insurance rates for different risk profiles and scenarios.

  • The best discount rate is $772
  • Raising to $1,000 deductibles will save around $176 annually
  • The estimated rate for a 40-year-old driver with $500 deductibles is $1,324
  • Using low deductibles will cost $1,662
  • Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,844
  • The cost with full coverage for a teen driver may cost $4,916

View Chart as Image

Toyota Tacoma insurance cost comparison chart
Column chart showing Toyota Tacoma insurance rates range from $772 to $4,916 for full coverage

Car insurance rates for a Toyota Tacoma can also vary considerably based on the trim level of your Tacoma, your driving record, and policy deductibles and limits.

More mature drivers with no driving violations and high physical damage deductibles could pay as little as $1,200 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will be charged upwards of $4,900 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out at a minimum $1,600 to $2,100 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can reduce rates by up to $520 each year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $351 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Toyota Tacoma insurance rates. A middle-age driver might find rates as low as $950 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,790 on average in Florida, Michigan, and New York.

Toyota Tacoma Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,196 -$128 -9.7%
Alaska $1,014 -$310 -23.4%
Arizona $1,100 -$224 -16.9%
Arkansas $1,324 -$0 0.0%
California $1,506 $182 13.7%
Colorado $1,264 -$60 -4.5%
Connecticut $1,360 $36 2.7%
Delaware $1,498 $174 13.1%
Florida $1,656 $332 25.1%
Georgia $1,222 -$102 -7.7%
Hawaii $950 -$374 -28.2%
Idaho $894 -$430 -32.5%
Illinois $984 -$340 -25.7%
Indiana $996 -$328 -24.8%
Iowa $892 -$432 -32.6%
Kansas $1,256 -$68 -5.1%
Kentucky $1,804 $480 36.3%
Louisiana $1,958 $634 47.9%
Maine $816 -$508 -38.4%
Maryland $1,090 -$234 -17.7%
Massachusetts $1,058 -$266 -20.1%
Michigan $2,300 $976 73.7%
Minnesota $1,106 -$218 -16.5%
Mississippi $1,584 $260 19.6%
Missouri $1,174 -$150 -11.3%
Montana $1,422 $98 7.4%
Nebraska $1,046 -$278 -21.0%
Nevada $1,586 $262 19.8%
New Hampshire $952 -$372 -28.1%
New Jersey $1,480 $156 11.8%
New Mexico $1,172 -$152 -11.5%
New York $1,394 $70 5.3%
North Carolina $760 -$564 -42.6%
North Dakota $1,084 -$240 -18.1%
Ohio $914 -$410 -31.0%
Oklahoma $1,360 $36 2.7%
Oregon $1,212 -$112 -8.5%
Pennsylvania $1,262 -$62 -4.7%
Rhode Island $1,766 $442 33.4%
South Carolina $1,200 -$124 -9.4%
South Dakota $1,116 -$208 -15.7%
Tennessee $1,160 -$164 -12.4%
Texas $1,596 $272 20.5%
Utah $980 -$344 -26.0%
Vermont $904 -$420 -31.7%
Virginia $792 -$532 -40.2%
Washington $1,022 -$302 -22.8%
West Virginia $1,214 -$110 -8.3%
Wisconsin $916 -$408 -30.8%
Wyoming $1,180 -$144 -10.9%

View Chart as Image

Toyota Tacoma insurance rates by U.S. city

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 $1,284 $107
Toyota Tacoma 4WD $1,250 $104
Toyota Tacoma Double Cab 4WD $1,294 $108
Toyota Tacoma X-Runner 2WD $1,412 $118
Toyota Tacoma Double Cab 4WD $1,336 $111
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,380 $115
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,380 $115

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 $308 $500 $372 $1,338
2023 Toyota Tacoma $294 $482 $390 $1,324
2022 Toyota Tacoma $282 $478 $398 $1,316
2021 Toyota Tacoma $272 $466 $416 $1,312
2020 Toyota Tacoma $262 $446 $430 $1,296
2019 Toyota Tacoma $248 $430 $442 $1,278
2018 Toyota Tacoma $238 $400 $452 $1,248
2017 Toyota Tacoma $230 $376 $456 $1,220
2016 Toyota Tacoma $220 $338 $460 $1,176
2015 Toyota Tacoma $206 $310 $460 $1,134
2014 Toyota Tacoma $198 $292 $464 $1,112
2013 Toyota Tacoma $194 $272 $474 $1,098
2012 Toyota Tacoma $180 $252 $474 $1,064
2010 Toyota Tacoma $162 $210 $474 $1,004
2009 Toyota Tacoma $152 $190 $474 $974
2008 Toyota Tacoma $148 $170 $468 $944
2007 Toyota Tacoma $146 $166 $460 $930
2006 Toyota Tacoma $144 $160 $452 $914
2005 Toyota Tacoma $132 $152 $446 $888
2004 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 Buy Low Cost Toyota Tacoma Insurance

Saving money on Toyota Tacoma insurance consists of being safe and accident-free, having a good credit score, eliminating unnecessary coverage, and possibly raising deductibles. Make time to compare rates at least every other year by getting quotes from direct companies like Progressive and GEICO, and also from local independent and exclusive agents.

Below you'll find a review of the car insurance concepts touched on in this article.

  • High-risk drivers who have several accidents or serious violations pay an average of $1,520 more each year than a low-risk driver
  • You may be able to save as much as $160 per year just by quoting online in advance
  • Increasing deductibles could save up to $525 each year
  • Drivers who require more liability protection will pay an extra $430 every year to raise from a minimum limit to higher 250/500 limits

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 $4,916
20 $3,030
30 $1,376
40 $1,324
50 $1,208
60 $1,182

Full coverage, $500 deductibles

Rates by Deductible

Toyota Tacoma Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,662
$250 $1,506
$500 $1,324
$1,000 $1,148

Full coverage, driver age 40

Rates by Liability Limit

Toyota Tacoma Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,324
50/100 $1,458
100/300 $1,556
250/500 $1,809
100 CSL $1,497
300 CSL $1,712
500 CSL $1,868

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Tacoma Insurance Rates for High Risk Drivers
Age Premium
16 $7,002
20 $4,816
30 $2,904
40 $2,844
50 $2,712
60 $2,688

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 $70
Multi-vehicle $68
Homeowner $19
5-yr Accident Free $95
5-yr Claim Free $84
Paid in Full/EFT $59
Advance Quote $64
Online Quote $93
Total Discounts $552
Rate after discounts $772

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

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