Finding the best cheap auto insurance for a Toyota Tacoma is fairly simple, but it hinges on a lot of things such as how safe your vehicle is, the condition of your credit, and driving citations. Drivers in California pay on average $1,085 each year to insure their Tacoma, but that cost is using a 50-year-old single male driver with full comprehensive and collision coverage and $1,000 deductibles.
If we were betting, you are not 50 years old and maybe not even male, maybe you are married instead of single, or maybe your Tacoma is old enough that it doesn’t require full coverage. Even a slight change in the factors used in pricing a policy may result in significant differences in how much coverage for a Toyota Tacoma costs.
There is no perfect policy for every driver, so the best way to find cheap insurance rates for your Toyota is to put in the effort to do a thorough rate comparison. To start saving now, get free quotes and you can get prices from top-rated companies that sell coverage in California.
The trim level of your Toyota will influence the cost of coverage, so the rate you pay to insure a Tacoma 2WD will be $46 cheaper than the cost to insure the higher-end Tacoma Double Cab TRD Sport Package 4WD model, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $158 | $372 | $500 | $30 | $150 | $1,210 | $101 |
| Tacoma 4WD | $182 | $306 | $500 | $30 | $150 | $1,168 | $97 |
| Tacoma Double Cab 4WD | $182 | $372 | $500 | $30 | $150 | $1,234 | $103 |
| Tacoma X-Runner 2WD | $182 | $440 | $500 | $30 | $150 | $1,302 | $109 |
| Tacoma Double Cab 4WD | $204 | $372 | $500 | $30 | $150 | $1,256 | $105 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $204 | $372 | $500 | $30 | $150 | $1,256 | $105 |
| Tacoma Double Cab TRD Sport Package 4WD | $204 | $372 | $500 | $30 | $150 | $1,256 | $105 |
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Premium costs do not factor in vehicle garaging location which can change premiums substantially.
Deciding which company offers the cheapest auto insurance rates for a Toyota Tacoma involves a bit more effort than just getting one or two price quotes.
Every auto insurer has a proprietary formula for determining rates, so we’ll go over the most competitive auto insurance companies in Los Angeles. It’s a good idea to know that California auto insurance rates are impacted by many things that may substantially change the price you pay for coverage. Simply getting older, buying a different home, or having an accident can trigger changes in premium that can cause some rates to be cheaper than competitors.
Best Cheap Insurance Rates for Your Tacoma
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,155 |
| 2 | Century National | $1,178 |
| 3 | CSAA | $1,186 |
| 4 | Wawanesa | $1,192 |
| 5 | Nationwide | $1,226 |
| 6 | 21st Century | $1,338 |
| 7 | Grange | $1,491 |
| 8 | Progressive | $1,496 |
| 9 | Mercury | $1,548 |
| 10 | Allstate | $1,559 |
| 11 | GEICO | $1,575 |
| 12 | Allied | $1,588 |
| 13 | The Hartford | $1,623 |
| 14 | MetLife | $1,654 |
| 15 | State Farm | $1,682 |
| 16 | Esurance | $1,688 |
| 17 | Unitrin | $1,733 |
| 18 | Bristol West | $1,777 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $2,026 |
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USAA quotes some of the most affordable car insurance rates in Los Angeles at around $1,155 annually. This is $496 less than the average premium paid by California drivers of $1,651. Century National, CSAA, Wawanesa, and Nationwide also make the cut as some of the more affordable Los Angeles, CA auto insurance companies.
As shown above, if you buy coverage from CSAA and switched to USAA, you could realize yearly savings of in the neighborhood of $31. Insureds with Wawanesa could save as much as $37 a year, and Nationwide policyholders might see rate reductions of $71 a year.
If you want to see how much you could save, click here or quote rates from the companies below.
Remember that these rates are averages for all ages of drivers and types of vehicles and and are not figured with a specific vehicle garaging location for a Toyota Tacoma. So the company that is best suited for you may not even be in the list above. That illustrates why you need to quote rates from as many companies as possible using your own individual information.
Liability-only versus full coverage
Saving money when shopping for auto insurance is probably important to the majority of drivers, and one way to pay less for insurance for a Toyota Tacoma is to buy liability only. The example below shows the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
If all age groups are averaged, comp and collision coverage costs an additional $2,155 per year more than insuring for liability only. That is a large expense and it proposes the question if you should buy full coverage at all. There is no definitive guideline to delete physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
For example, let’s assume your vehicle’s replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the deductible is paid. If premiums are more than $200 a year for physical damage coverage, then it might be time to buy liability only.
There are some circumstances where removing full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage.
The importance of comparing Tacoma insurance rates
California auto insurance rates are calculated based on many things that can increase the policy premium. Simply improving your credit, buying a new vehicle, or having a fender bender can trigger rate changes resulting in some rates now being cheaper than competitors.
In addition to those changes, car insurance companies file new California auto insurance rates without warning to reflect underwriting profits or losses. An extended period of higher than normal claims can result in additional premium costs, while lower claim levels may cause cheaper Tacoma insurance rates.
To help illustrate this point, the chart below shows a variety of companies that have the cheapest car insurance in Los Angeles, CA for a 45-year-old female driver with no prior accidents, a clean driving record, and good credit. When quoting prices based on her personal risk profile, Wawanesa might quote the cheapest car insurance rates in Los Angeles at $1,895 each year. This is $244 more than the average premium paid by California drivers of $1,651. USAA, Century National, CSAA, and Nationwide are the remainder of the best Los Angeles, CA auto insurance companies.
In this next rate comparison, we will give the driver in the first example an accident claim, bad credit, and an imperfect driving record. Due to the fact that every insurance company has a proprietary formula to set premium rates, getting updated rate quotes most likely will result in a substantially altered list of the cheapest companies as shown below.
Grange now has the lowest car insurance rate in Los Angeles, CA with Progressive, GEICO, Mercury, and Allstate completing the list. This example shows why it is important to perform a complete rate comparison when trying to get the lowest car insurance rates for a Toyota Tacoma. Insurance rates can be determined by many things and can increase or decrease at any time, so the most affordable company six months ago may now be quite expensive.
How to find more affordable car insurance for a Toyota Tacoma
Here are some of the recommended money-saving suggestions that can help California drivers quote cheaper coverage.
- Higher credit scores may earn you cheaper rates
- Frequent claims will increase rates
- Do not get traffic citations
- Buy a vehicle with excellent safety ratings
- Being accident-free can lower rates significantly
- Compare rates once a year for cheaper prices
That final tip is remarkably necessary, as was noted in the prior article. Prices charged by auto insurers go up and down frequently, so don’t be hesitant to switch to a new company if a more affordable rate is found.
Having brand loyalty is commendable, but it’s not recommended if that loyalty results in overpaying a small fortune year after year. Take a few minutes and compare rates and find cheaper insurance for a Toyota Tacoma in Los Angeles.