How Much Does 2013 Toyota Tacoma Insurance Cost?

Nobody looks forward to buying auto insurance, in particular when they are paying too much.

Popular companies such as Allstate, Progressive and GEICO constantly blast consumers with ads and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

Smart consumers take time to compare rates once or twice a year due to the fact that insurance rates tend to go up over time. Even if you got the best price on Tacoma insurance a year ago a different company probably has better rates today. Starting now, forget anything you know (or think you know) about auto insurance because we’re going to show you the best methods to lower your annual insurance bill.

If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, car owners need to have an understanding of how the larger insurance companies compete online and take advantage of how the system works.

The fastest way that we advise to compare rate quotes is to know the fact auto insurance companies will pay a fee to give you rate quotes. To start a quote, the only thing you need to do is provide a small amount of information such as if a SR-22 is required, if the vehicle is leased, if you’re married, and how old drivers are. Your insurance information gets transmitted to many different companies and you get price estimates instantly to find the best rate.

Discounts to lower Toyota Tacoma insurance rates

Companies don’t necessarily list every available discount very well, so here is a list both the well known and the more hidden discounts you could be receiving.

  • Passive Restraints – Vehicles with factory air bags can receive discounts of 20% or more.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts compared to frequent claim filers.
  • Safe Driver Discount – Drivers who avoid accidents may receive a discount up to 45% less on Tacoma insurance than their less cautious counterparts.
  • Life Insurance – Companies who offer life insurance give lower rates if you buy a life insurance policy as well.
  • Accident Forgiveness – A handful of insurance companies will allow you to have one accident without raising rates if your claims history is clear prior to the accident.
  • Discount for Swiching Early – A few companies offer discounts for signing up prior to your current policy expiration. The savings is around 10%.
  • Homeowners Pay Less – Owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Defensive Driving Course – Taking a course teaching defensive driving skills could cut 5% off your bill depending on where you live.
  • 55 and Retired – If you qualify as a senior citizen, you may be able to get a small decrease in premiums on Tacoma insurance.

Drivers should understand that some credits don’t apply to your bottom line cost. Some only apply to individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears it’s possible to get free car insurance, you’re out of luck.

Insurance companies that may have these money-saving discounts may include but are not limited to:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Savings may not be available in your area.

Toyota Tacoma rates are in the details

Smart consumers have a good feel for the different types of things that play a part in calculating the rates you pay for insurance coverage. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that can help you get better insurance coverage rates.

Shown below are a few of the “ingredients” used by your company to calculate your rates.

  • How your age affects price – Youthful drivers are statistically proven to be less responsible in a vehicle so they pay higher insurance coverage rates. Mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations.
  • Extra coverages can waste money – There are many add-on coverages that you can get tricked into buying on your insurance coverage policy. Coverages for personal injury protection, accidental death and additional equipment coverage are some examples. They may seem good when you first buy your policy, but now you might not need them so eliminate them to save money.
  • Lower miles equals lower premium – The more miles you rack up on your Toyota each year the higher your rates will be. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Cars not used for work or commuting can get a lower rate than those used for commuting. Having the wrong rating on your Tacoma can result in significantly higher rates. Ask your agent if your insurance coverage policy properly reflects how each vehicle is driven, because it can save money.
  • Low deductibles can be expensive – Deductibles for physical damage define the amount you are willing to pay out-of-pocket in the event of a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, damage from fire, and windstorm damage. The more expense you are required to pay out-of-pocket, the bigger discount you will receive on Tacoma insurance.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there is no “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover if your situation will benefit from professional help.

  • When should I drop full coverage on my 2013 Toyota Tacoma?
  • Should I buy additional glass protection?
  • I have a DUI can I still get coverage?
  • Am I covered if hit by an uninsured driver?
  • Is business equipment covered while in my vehicle?
  • When should my teen driver be added to my policy?
  • Who is covered by my policy?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I need special endorsements for business use of my vehicle?
  • Should I have combined single limit or split liability limits?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Insurance coverage specifics

Having a good grasp of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types found on the average insurance policy.

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as crashing into a building, driving through your garage door, rolling your car, colliding with a tree and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Auto liability

Liability insurance protects you from damage that occurs to a person or their property. It protects YOU against claims from other people. Liability doesn’t cover 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 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability insurance covers things like structural damage, medical expenses and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.

Comprehensive coverage (or Other than Collision)

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as vandalism, hail damage, fire damage and hitting a deer. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like EMT expenses, chiropractic care, doctor visits, funeral costs and hospital visits. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Do the work, save more money

When trying to cut insurance costs, never reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage for the lowest price while not skimping on critical coverages.

Affordable 2013 Toyota Tacoma insurance is attainable on the web in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some insurance providers do not provide online price quotes and usually these small insurance companies provide coverage only through local independent agents.

We’ve covered a lot of techniques to save on insurance. It’s most important to understand that the more times you quote, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest priced auto insurance comes from a lesser-known regional company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.

For more information, feel free to browse the articles below: