Toyota Tacoma Insurance Rates

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 for full coverage insurance. Comprehensive costs approximately $282 a year, collision insurance costs $478, and liability coverage is $398. Buying just liability costs around $460 a year, and insurance for high-risk drivers costs around $2,836. Teen drivers cost the most to insure at up to $4,924 a year.

Average premium for full coverage: $1,316

Policy rates by type of insurance:

These estimates include $500 policy deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all 50 states and Tacoma trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on the price of auto insurance. Rural locations are shown to have lower incidents of physical damage claims than larger metro areas. The diagram below illustrates the difference between rural and urban areas on auto insurance prices.

The examples above illustrate why it is important to compare rates quotes using their specific location, rather than using price averages.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below illustrates average Toyota Tacoma insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $765
• Raising to $1,000 deductibles will save $1,142 each year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,316
• Choosing low $100 deductibles bumps up the cost to $1,648
• Unlucky drivers with multiple violations and an at-fault accident could pay around $2,836
• Policy cost that insures a teenage driver can cost $4,924

View Chart as Image

Insurance rates for a Toyota Tacoma also range considerably based on the trim level of your Tacoma, your age and driving record, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are probably paying anywhere from $1,600 to $2,100 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 43% to 136% more than average. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay in the ballpark of $4,900 a year. View Rates by Age

Your home state also has a big influence on Toyota Tacoma insurance rates. A middle-age driver might find rates as low as $860 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,780 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles can reduce rates by up to $510 a year, while buying higher liability limits will push rates upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $358 more per year. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

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.

How to Find Cheap Toyota Tacoma Insurance

Finding cheaper rates on auto insurance consists of avoiding accidents and claims, having above-average credit, being claim-free, and possibly raising deductibles. Shop around every time your policy renews by requesting rates from direct insurance companies, and also from your local car insurance providers.

The points below are a brief summary of the information covered above.

• It is possible to save around $160 per year just by quoting early and online
• Drivers under the age of 20 are expensive to insure, possibly costing $410 each month if full coverage is included
• Increasing comprehensive and collision deductibles can save approximately $500 each year
• Drivers that tend to have accidents or serious violations could be charged and average of $1,520 more per year to insure a Toyota Tacoma
• Consumers who purchase increased liability limits will pay about $440 annually to raise from a 30/60 limit to the 250/500 level

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.

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.

• Chevrolet Colorado Insurance Rates
• GMC Canyon Insurance Rates
• Honda Ridgeline Insurance Rates

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