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: 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.

Average insurance rates for a Toyota Tacoma are $1,324 a year with full coverage. Comprehensive insurance costs approximately $294, collision costs $482, and liability is $390. Buying just liability costs around $452 a year, with insurance for high-risk drivers costing $2,844 or more. 16-year-old drivers receive the highest rates at $4,916 a year or more.

Average premium for full coverage: $1,324

Rate estimates by individual coverage type:

Comprehensive $294
Collision $482
Liability $390

Price estimates include $500 physical damage deductibles, 30/60 liability limits, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and for all Tacoma models.

Price Range by Coverage and Risk

For an average driver, prices range go from the low end price of $452 for just liability insurance to the much higher price of $2,844 for a driver required to buy high-risk insurance.

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

Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. Rural locations tend to have lower incidents of collision claims than congested cities.

The example below illustrates the effect of geographic area on auto insurance prices.

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

These examples demonstrate why everyone should compare rates quotes using their specific location, instead of making a decision based on rate 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.

More Rate Details

The chart below details estimated Toyota Tacoma insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $772
  • Raising to $1,000 deductibles will save $176 annually
  • The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,324
  • Buying pricier low deductibles will cost an additional $338 annually
  • Drivers with multiple tickets or accidents could pay around $2,844 or more
  • The cost that insures a 16-year-old driver for full coverage can cost $4,916

View Chart as Image

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

Auto insurance rates for a Toyota Tacoma can also vary considerably based on the model of your Tacoma, your age and driving habits, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you may be forking out anywhere from $1,600 to $2,100 in extra premium per year, depending on your age. Toyota Tacoma insurance for high-risk drivers is expensive and can cost from 43% to 135% more than the average rate. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $1,200 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will have to pay in the ballpark of $4,900 a year. View Rates by Age

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

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

Opting for high physical damage deductibles can reduce rates by up to $520 annually, whereas buying more liability protection will push rates upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $351 extra every year. View Rates by Deductible or Liability Limit

With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to regularly compare rates from multiple companies. Every auto insurance company utilizes a different rate formula, and quoted rates can be significantly different.

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 Find Cheaper Toyota Tacoma Insurance

Saving money on insurance for a Toyota Tacoma consists of being a safe and courteous driver, maintaining a good credit score, eliminating unnecessary coverage, and not having any coverage lapses. Comparison shop at every policy renewal by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below is a condensed summary of the data covered in the above illustrations.

  • Insureds who purchase higher levels of liability will pay around $430 every year to raise from a minimum limit to the 250/500 level
  • You may be able to save around $160 per year simply by quoting online well ahead of the renewal date
  • Increasing deductibles can save approximately $525 each year
  • Teenage drivers have the highest car insurance rates, with premiums as much as $410 per month if the policy includes full coverage

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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