Buying economical car insurance for a Toyota Tacoma hinges on many factors such as age of the vehicle, if you have a tendency to file claims, and any past driving violations you may have had. Texas drivers will pay on average $920 a year for Tacoma insurance, but that amount is an approximation calculated using a 50-year-old single female driver with full physical damage coverage and $1,000 deductibles.
If we were betting, you aren’t exactly 50 years old or even a female, married instead of single, and you don’t want the same coverages and limits as the example. Not every driver requires the same auto insurance coverages, so the only real way to find cheap insurance prices for your Toyota is to do a thorough rate comparison.
The trim level of your vehicle tends to impact the cost of coverage, so the price you will be charged to insure a Tacoma 2WD will be $40 less than the cost to insure the higher-end Tacoma Double Cab TRD Sport Package 4WD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$156||$306||$430||$26||$128||$1,046||$87|
|Tacoma X-Runner 2WD||$156||$360||$430||$26||$128||$1,100||$92|
|Tacoma Double Cab 4WD||$176||$306||$430||$26||$128||$1,066||$89|
|Tacoma Double Cab TRD Off-Road Package 4WD||$176||$306||$430||$26||$128||$1,066||$89|
|Tacoma Double Cab TRD Sport Package 4WD||$176||$306||$430||$26||$128||$1,066||$89|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price estimates do not factor in specific Arlington garaging location which can affect premiums significantly.
Comparing quotes for affordable auto insurance is confusing at best, and deciding which company offers the most affordable car insurance rates for a Toyota Tacoma will involve a bit more work.
Each auto insurer has a unique formula to set premium rates, so let’s begin by examining the car insurance companies with the overall best prices in Texas.
Cheap Insurance Rates for Your Tacoma
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers generally has some of the most affordable car insurance rates in Arlington at around $1,041 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the best Arlington, TX car insurance companies.
In the rate table above, if you are a policyholder with Texas Farm Bureau and switched to Travelers, you might realize a yearly savings of in the neighborhood of $158. Insureds with Germania Mutual might save as much as $241 a year, and Esurance insureds might see rate reductions of $324 a year.
These premium estimates are averages across all drivers and vehicles in Texas and do not take into consideration a specific vehicle garaging location for a Toyota Tacoma. So the auto insurance company that can offer you the lowest price may not even be in the top 23 companies shown above. That emphasizes why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Get discounts on Arlington auto insurance
Car insurance companies that offer coverage for a Toyota Tacoma may also give you discounts that could potentially reduce rates by as much as 25% or more if you are eligible to receive them. A few popular companies and their offered discounts are outlined below.
- GEICO offers discounts including emergency military deployment, driver training, good student, five-year accident-free, and military active duty.
- SAFECO may include discounts for anti-lock brakes, teen safety rewards, drive less, anti-theft, bundle discounts, teen safe driver, and accident prevention training.
- State Farm discounts include multiple policy, safe vehicle, driver’s education, passive restraint, student away at school, anti-theft, and good driver.
- MetLife may have discounts that include defensive driver, claim-free, good student, accident-free, and good driver.
- 21st Century has savings for defensive driver, good student, teen driver, air bags, driver training, and 55 and older.
- Progressive policyholders can earn discounts including online signing, good student, multi-vehicle, continuous coverage, homeowner, multi-policy, and online quote discount.
The information below shows the comparison of insurance costs with and without discounts applied to the premium. The prices are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with vehicle safety, anti-theft, multiple vehicle, defensive driving course, passive restraint, and accident-free discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a Toyota Tacoma is 28% or $668.
You are probably paying too much for Tacoma insurance
Arlington car insurance rates are influenced by many factors that may substantially change the cost of your policy. Improving your credit rating, having a teen driver, or getting a ticket for running a stop sign can trigger rate changes resulting in some companies being affordable when they were higher priced. Not only may your situation change, but car insurance companies change the rates they charge in Texas as needed to adjust for unexpected claims or profits. Heavier than normal losses may cause more expensive prices, while less frequent claims may result in more affordable Tacoma insurance rates.
To illustrate this example, the bar chart below demonstrates which company has the cheapest car insurance in Arlington, TX for a 45-year-old male driver with a good driving record, no prior claims, and a high credit rating. If we estimate prices based on his personal risk profile, Travelers offers the cheapest car insurance rates in Arlington at $1,196 per year. This is $708 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the cheapest Arlington, TX auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison a chargeable accident, slightly worse credit, and a couple of points charged on his driving record. Because each insurer uses their own calculation for setting rates, comparing prices may now present a different ranking of the cheapest Arlington car insurance companies as shown below.
Mercury now has the lowest price on auto insurance in Arlington, TX with USAA, State Farm, Safe Auto, and Nationwide also being competitive. This illustrates why it is important to compare lots of rates to get the best car insurance quotes for a Toyota Tacoma.
Rates consist of many different factors and can decrease or increase without notice, so the most affordable company the last time you shopped your coverage around may now not even be in the top five.