Best Cheap Toyota Tacoma Car Insurance; Average Cost to Insure It?
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UPDATED: Apr 28, 2021
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Many drivers fail to compare insurance prices and the right coverage choices at renewal time.
But did you know that you might be missing out on hundreds of dollars in savings for your Toyota Tacoma?
Let’s compare rates and coverage costs to help you make a decision.
|Toyota Tacoma Insurance Cost - Key Considerations|
|The average monthly insurance cost for a Toyota Tacoma is $144 or $1,728 per year. Your cost could depend on your driving history and other factors.|
|The cheapest national insurers for Tacoma's are GEICO and Allstate, offering monthly rates as low as $144 and $155. Regional insurance companies, Auto-Owners and Erie, offer lower monthly quotes at $138 and $142.|
|A Toyota Tacoma's insurance rate is $37 less expensive than other vehicles in its class.|
|The average annual cost to insure an SR-5 is $1,821, the TRD Sport is $1,895, Trail Special Edition is $1,980, and the TRD Pro is $2,511. Each received 4-star reliability and crash-test ratings from the National Highway Traffic Safety Administration.|
Cheapest Toyota Tacoma Insurance
On average, the Toyota Tacoma is more affordable to insure than other passenger pickup trucks for drivers with a good driving record and excellent credit history.
Knowing where to start, how to save, and what to expect are the first steps to getting the most affordable policy.
Illustrated above are the best and cheapest auto insurance prices and coverage costs for 30 and 45-year-old drivers. Auto-Owners and Erie offer cheap rates but are limited to certain states. The next best option is with Allstate. Military members can get low coverage choices with USAA. Your auto insurance rates will vary by zip code.
We found the best national insurance companies for a Toyota Tacoma to be GEICO and Allstate through our research.
The best regional insurer policy costs are Auto-Owners and Erie.
Depending on your location, driving record, and credit score, GEICO offers an average rate of $144 a month with comprehensive and collision coverage.
And Allstate offers the same coverage for $155 a month.
We found regional insurance companies are slightly cheaper.
Auto-Owners offers auto coverage at $138 a month, and Erie offers the same coverage for $142 a month.
|Company||Monthly Premium||Annual Premium|
Best Insurance Companies for Minimum Coverage
The best auto insurers to get minimum liability coverage are USAA with monthly insurance of $46 and Nationwide, offering rates at $49.
Texas residents can get the best rates with Texas Farm Bureau, and Tennessee residents can find low auto policies with Tennessee Farmers.
Minimum liability coverage costs less since it excludes collision and comprehensive.
Below we made an insurance comparison of the cheapest auto insurers for minimum coverage.
|Company||Monthly Rate||Annual Rate|
|Texas Farm Bureau||$50||$600|
Average Toyota Tacoma Auto Insurance Rates
The annual average insurance cost for a Toyota Tacoma is $1,728 for full coverage.
This estimate is based on a 40-year-old male driver’s profile with a good credit score and driving record, traveling approximately 13,000 miles per year.
However, auto insurance companies consider several different factors before calculating your premium.
- Driver location
- Credit Score
- Marital status
- Average mileage
- Speeding tickets
- Driving record
Illustrated above are coverage costs for a Tacoma by driver type and risk profile. Policy discounts ($1,283) and high deductibles ($1,527) pay the least, while high-risk ($3,054) and teen drivers ($5,302) pay the most. The average rate for a Tacoma is approximately $1,728 ($144 per month), illustrated in blue. Your auto insurance rates will vary by zip code.
On average, insurers charge the highest rates if you have a poor credit score or a recent at-fault accident on record. And teen drivers age 19 or younger.
Rates also vary depending on the auto insurance company and your state of residence.
Driver discounts are often available for bundling policies, insuring multiple vehicles, or having safety features on your car. All can have an impact on Toyota Tacoma insurance costs.
Below are standard and best policy discounts for a Toyota Tacoma in the industry.
|Multi-car discount||Air bag discount|
|Good driver discount||Group rate discount|
|Anti-theft discount||Safe driver discount|
|Anti-lock brake discount||Loyalty discount|
Insurance Quotes by Trim Level
Did you know that the level of trim you select could impact your insurance rates?
Add-ons like electronic features, sunroof, Bluetooth connectivity, and leather upholstery could raise coverage costs.
The Toyota Tacoma has eight trim levels.
|Trim Level||Insurance Rates||Base Price|
|Trail Special Edition||$1,980||$35,180|
|Nightshade Special Edition||$2,300||$40,080|
The most affordable trim levels are the SR and SR5, while the most expensive ones are the TRD Pro and Nightshade Special Edition.
How Safe is the Tacoma to Drive?
The 2020 Toyota Tacoma received a 4-star safety rating from the National Highway Traffic Safety Administration.
In the tests for rollover, frontal crashes, and roof strength, the Toyota Tacoma also received 4-stars, one of the highest safety ratings.
This vehicle also has the highest possible safety rating from the Insurance Institute for Highway Safety (IIHS).
The scores are based on side-impact and moderate overlap front crash test ratings.
Some of the included security features in Toyota’s star safety system include a blind spot monitor, brake assistance, and lane departure warning signals.
|Safety Sense Features & Security Systems|
|Pre-Collision System with Pedestrian Detection||Automatic High Beams|
|Dynamic Radar Cruise Control||Lane Tracing Assist|
|Lane Departure Alert||Road Sign Assist|
Standard & Advance Safety Features
Your Toyota Tacoma could have money-saving standard safety features with providers such as the ones below.
- Anti-theft Devices
- Brake Assist
- Driver airbag
- ABS front disk brakes
- Traction Control
- Seatbelt Pretensioners
- Electronic Stability Control System
Included with all new Toyota’s are advanced safety systems.
|Standard & Advance Safety Features|
|Blind Spot Monitor With Rear-Cross Traffic Alert||Safety Connect|
|Bird's Eye View With Perimeter Scan||Ten Air bags|
|Intelligent Clearance Sonar With Rear Cross-Traffic Braking||No Maintenance And Roadside Assistance|
If your vehicle has any of the items above, you may qualify for a rate reduction.
TRD Sport, TRD Off-Road, Limited, and TRD Pro
The TRD Sport, TRD Off-Road, Limited, and TRD Pro are the most luxurious and priciest models to insure.
Below, you’ll find some of these models’ extras that make coverage more expensive when comparison shopping.
With an annual quote of $1,895, some of the features that make insurance more costly for this trim level on the Tacoma include:
— Automatic Climate Control
— Premium Radio and Subwoofer
— Advanced Digital Extras
— Smart Key
The TRD Off-Road model has similar features as the Sport model with an average insurance quote of $1,917 per year and the following additions:
— Off-road Suspension and Shocks
— Multi-Terrain and 4×4 Options
— Off-Road Driver Information Display
A further-enhanced version of the TRD Off-Road vehicle is the Limited model, with average rates at $2,238 per year.
Many of the extra features on this edition could significantly increase your monthly rates.
— Leather seats
— Six-Speaker Sound System
— Double Cap Bed
— Exterior Nightshade Package
One of the most expensive trim levels of the Toyota Tacoma is TRD Pro, with an average rate of $2,511 per year.
This package includes all of the luxury features of the previous models and more.
Consequently, the replacement value for this vehicle would be considerably higher than for the standard SR model.
— Toyota Heritage Grille
— 16-inch TRD Pro Alloy Wheels
— Multi-Terrain Monitor
— 4×4 Double Cab
Having any or all of the extra trim levels above could drastically impact your insurance rate’s overall cost.
How to Find Cheaper Toyota Tacoma Insurance
Knowing a few facts about your Toyota Tacoma insurance rates could help you determine if you’re paying too much.
In addition to the model and trim level of your truck, other factors can affect premiums’ cost.
Age of Your Vehicle
Comprehensive, Collision, and Liability rates for a Tacoma is, on average, most affordable for the 2010 model.
Coverage rates tend to increase the newer your vehicle is.
For example, a 2020 edition could cost over $200 more annually to insure than a 2010 X-runner version, as illustrated below.
|Model Year||Cost to Insure|
Crash Test Ratings
Each Toyota Tacoma has official crash test results that insurers take into consideration when setting your rates.
The Tacoma trucks below have the highest safety ratings in the frontal, side, rollover, and overall categories.
|Highest Safety Ratings||Insurance Quotes|
|2020 PU/CC 2WD and 4WD||$1,946|
|2019 PU/CC 2WD and 4WD||$1,861|
|2018 PU/CC 2WD and 4WD||$1,800|
|2017 PU/CC 2WD and 4WD||$1,641|
|2016 PU/CC 2WD and 4WD||$1,429|
The Tacoma PU/EC models all have 4-star ratings on a 5-star rating scale in the rollover category. Still, they are missing ratings in the frontal, side, and overall safety crash test ratings.
Auto insurance rates are higher in some states than in others due to the frequency and risk of accidents in crowded cities compared to rural areas.
Living in New York or Los Angeles instead of Seattle, for example, could cost over $800 more every year in coverage for your Toyota Tacoma.
Toyota Tacoma Compared to Other Vehicles in the Same Class
Now in its third generation, the Toyota Tacoma pickup truck has been around since 1995.
Compared to other vehicles, car insurance tends to be more affordable.
Only the Ford F-150, Ford Ranger, GMC Sierra, and Tundra cost less to insure, as illustrated below.
|GMC Sierra 1500||$1,460|
|Ram Heavy Duty||$1,812|
|Chevrolet Silverado 1500||$1,920|
If you have additional safety features, you could be eligible for a discount on your auto premiums.
Frequently Asked Questions
The most frequently asked questions about comparison shopping for Toyota Tacoma Insurance can be found below.
What is the Average Cost to Insure a Toyota Tacoma?
The average cost of insuring a Toyota Tacoma is $1,728 per year for full coverage. The average annual rate with minimum coverage is $612.
However, this rate could vary considerably depending on many factors.
Are Toyota Tacoma’s Expensive to Insure?
Not usually. Compared to similar pickup trucks in its class, coverage for a Tacoma tends to be lower, with a $1,728 average rate.
Other trucks less expensive to insure are the Ford F-150, GMC Sierra, and Tundra.
What Factors Impact the Cost of Toyota Tacoma Insurance?
Your age, location, gender, driving history, recent accidents, trim level, average mileage, coverage level, driving experience, credit rating, and vehicle safety features can all impact the cost of your premium.
What Insurance Do I Need for my Toyota Tacoma?
Typically, you’ll need to fulfill your state’s minimum requirements for Liability insurance to legally drive your Toyota Tacoma.
If you finance it, your lender may require you to carry comprehensive and collision coverage.
Other states may require you to have underinsured motorist coverage, personal injury protection (PIP), or medical payments coverage (MedPay).
How much is it to insure an SR-5?
The average annual premium for an SR-5 is $1,821 or $151 per month for full coverage. The average yearly cost to insure with minimum coverage is $623.
How much is it to insure a TRD Sport?
We found the average cost to insure a TRD Sport is $1,895 per year with full coverage.
If you need minimum liability coverage, the annual premium is $640.
Insurance for a Toyota Tacoma is typically affordable for good drivers.
Compare quotes by zip code instantly with our Insurance Quote Tool and compare free Toyota Tacoma car insurance rates in your state.
To learn more, contact the auto insurance experts at AutoInsureSavings.org.
Our licensed insurance agents will be happy to answer any questions you have.
|AutoInsureSavings.org collects quotes from the state's largest car insurance companies for a 30-year-old male or female motorist for our driver profile. Each driver has a clean driving record, and we applied a good driver, anti-theft, and paperless discounts. Price quotes for each insurer are via Quadrant Information Services.
We retrieved auto insurance quotes for various Toyota Tacoma models and trim levels from rate data in this instance.
The full coverage policy included:
$50,000 bodily injury liability per person.
$100,000 bodily injury liability per accident.
$50,000 property damage liability per accident.
$50,000 uninsured motorist coverage per person.
$100,000 uninsured motorist coverage per accident.
Collision coverage with a $500 deductible.
Comprehensive coverage with a $500 deductible.
AutoInsureSavings.org uses rate data from Quadrant Information Services. We sourced quotes from insurer filings that are publicly available for rate comparison.
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