How Much Does 2006 Toyota Tacoma Car Insurance Cost?

Searching for better car insurance rates for your Toyota Tacoma? Having to pay for overpriced Toyota Tacoma insurance can drain your checking account, especially in this economy. Doing a price comparison is free and is an excellent way to cut your insurance bill. Many insurers compete for your business, so it can be very hard to choose a insurer to get the best rates possible.

Save money by taking advantage of these discounts

Car insurance companies don’t always advertise every available discount very well, so here is a list some of the best known and the more hidden insurance coverage savings. If you don’t get every credit you qualify for, you are throwing money away.

  • Pay Upfront and Save – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Student in College – Youth drivers who live away from home and don’t have a car can be insured at a reduced rate.
  • Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and will save you 10% or more.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Safe Drivers – Insureds without accidents can pay as much as 50% less on Tacoma insurance than drivers with accidents.
  • New Car Discount – Insuring a new car can be considerably cheaper since new cars are generally safer.
  • Low Mileage – Low mileage vehicles can earn better rates on cars that stay parked.

A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most only reduce individual premiums such as comp or med pay. So when it seems like it’s possible to get free car insurance, companies don’t profit that way.

For a list of insurance companies with the best insurance coverage discounts, follow this link.

Which Insurance is Cheapest?

Performing a rate comparison is a ton of work if you don’t know the fastest way to get free quotes. You can waste a few hours (or days) talking to insurance companies in your area, or you can utilize online quoting to get pricing more quickly.

The majority of car insurance companies enroll in a system where insurance shoppers submit their information once, and every company can provide price quotes for coverage. This prevents consumers from doing quote forms for each company. To fill out one form to compare multiple rates now click here to start a free quote.

The only downside to pricing coverage this way is you can’t choose the providers to get pricing from. So if you want to select specific providers to receive pricing from, we have a listing of companies who write insurance in your area. Click here to view list.

It’s up to you how you get prices quotes, just compare the exact same coverage limits and deductibles on every quote. If you are comparing unequal deductibles or liability limits it’s not possible to decipher which rate is best.

Toyota Tacoma insurance rates are influenced by…

Consumers need to have an understanding of the different types of things that come into play when calculating the price you pay for car insurance. Understanding what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

  • Don’t get talked into coverage you don’t need – There are a lot of extra coverages that you can get tricked into buying on your car insurance policy. Coverages for roadside assistance, accidental death and additional equipment coverage may be costing you every month. They may seem good initially, but now you might not need them so eliminate them to save money.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Car insurance companies generally give better rates to drivers who are claim-free. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • High deductibles save money – Your deductibles represent how much money you are willing to pay in the event of a claim. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. Some examples of claims that would be covered are colliding with a building, collision with an animal, and rolling your vehicle. The more the insured has to pay upfront, the lower your rates will be on Tacoma insurance.
  • Equipment add-ons that lower car insurance rates – Owning a car that has an advanced theft prevention system can help bring down rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
  • Pleasure use saves money – The higher the mileage driven in a year’s time the more you will pay for car insurance. Most companies price each vehicle’s coverage based on their usage. Autos not used for work or commuting qualify for better rates compared to those used for work or business. Having the wrong rating on your Tacoma can cost quite a bit. Ask your agent if your car insurance declarations sheet is showing the correct usage for each vehicle.
  • Multiple policies with one company can save – Many car insurance companies will give a discount to people who buy several policies from them in the form of a multi-policy discount. Even with this discount, you may still want to compare other company rates to ensure the best deal.
  • Poor credit can mean higher rates – Your credit score is a large factor in determining what you pay for car insurance. People with good credit tend to be more responsible than drivers who have lower credit scores. If your credit history is low, you could potentially save money when insuring your 2006 Toyota Tacoma by repairing your credit.
  • Where you live can impact rates – Living in small towns and rural areas is a positive aspect when buying car insurance. Fewer people means reduced accidents. Urban drivers tend to have more traffic problems and longer commute times. Longer commute distances can result in more accidents.

When should I use an insurance agent?

When it comes to choosing coverage for your personal vehicles, there is no best way to insure your cars. Every situation is different and your policy should reflect that. For example, these questions might point out if you could use an agent’s help.

  • How high should my medical payments coverage be?
  • Do I need special endorsements for business use of my vehicle?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • How can I force my company to pay a claim?
  • What is roadside assistance coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Are rental cars covered under my policy?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Do drivers who switch really save $387 a year?

Consumers can’t get away from ads for the lowest price auto insurance by GEICO, State Farm and Progressive. They all seem to make an identical promise that you’ll save big if you change to their company.

How does each company claim to save you money? It’s all in the numbers.

Different companies are able to cherry pick for the driver that is profitable for them. For example, a preferred risk might be profiled as between 30 and 50, has no tickets, and chooses high deductibles. A customer getting a price quote who meets those qualifications will get very good rates and therefore will save when switching.

Potential insureds who don’t qualify for the “perfect” profile will have to pay a more expensive rate and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” but not “drivers who get quotes” save that much money. That’s why companies can advertise the savings. Because of the profiling, you absolutely need to compare as many rates as you can. It is impossible to predict which insurance coverage company will fit your personal profile best.

Insurance coverage breakdown

Knowing the specifics of your policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverages found on most insurance policies.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for expenses for nursing services, EMT expenses, surgery and pain medications. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Toyota Tacoma.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Comprehensive coverage – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as theft, damage from flooding and a broken windshield. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, colliding with a tree, sideswiping another vehicle, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Liability coverage – Liability insurance will cover injuries or damage you cause to people or other property. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for claims such as repair bills for other people’s vehicles, funeral expenses, medical expenses, structural damage and legal defense fees. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Affordable insurance is out there

When shopping online for insurance coverage, it’s a bad idea to buy poor coverage just to save money. In too many instances, an accident victim reduced comprehensive coverage or liability limits only to discover later that it was a big mistake. The ultimate goal is to find the BEST coverage at the best price while not skimping on critical coverages.

We’ve covered a lot of techniques to shop for 2006 Toyota Tacoma insurance online. The most important thing to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the best price on insurance coverage is with a lesser-known regional company. They may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

Even more information can be found at these sites: