Finding cheap insurance for a Toyota Tacoma is pretty easy for most people, but it is dependent upon a whole bunch of rating criteria such as when you were born, your geographic location, and blemishes on your driving record. Drivers in Oklahoma pay around $1,048 a year to insure their Tacoma, but that price is an estimate based on a 30-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
There’s a good chance you aren’t exactly 30 years old or even a female, possibly single instead of married, or maybe your Tacoma is old enough that it doesn’t require full coverage. Having the smallest difference in policy rating criteria or coverages can result in a massive change in rates.
Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest coverage for your Toyota is to compare as many rates as possible.
Your vehicle’s trim level can impact the cost of coverage, so the price you pay to insure a Tacoma 2WD model will be $54 cheaper than the cost to insure the more expensive Tacoma Double Cab TRD Sport Package 4WD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$208||$360||$458||$28||$136||$1,190||$99|
|Tacoma X-Runner 2WD||$208||$424||$458||$28||$136||$1,254||$105|
|Tacoma Double Cab 4WD||$234||$360||$458||$28||$136||$1,216||$101|
|Tacoma Double Cab TRD Off-Road Package 4WD||$234||$360||$458||$28||$136||$1,216||$101|
|Tacoma Double Cab TRD Sport Package 4WD||$234||$360||$458||$28||$136||$1,216||$101|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in garaging location in Tulsa which can affect price quotes significantly.
Locating budget car insurance is confusing at best, and finding out which company has the cheapest insurance rates for a Toyota Tacoma will require a bit more work.
Each auto insurance company uses a little different formula for filing rates in each state, so let’s begin by examining the insurance companies with the most affordable rates in Tulsa. It’s important to understand that Oklahoma insurance rates are determined by lots of factors that can increase the price you have to pay for coverage. Turning one year older, increasing deductibles, or getting a driving violation can trigger changes in premium that can make some companies cheaper than competitors.
Find the Cheapest Car Insurance for Your Tacoma
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|11||OK Farm Bureau||$2,079|
|Find Cheaper Rates Go|
USAA offers some of the lowest car insurance rates in Tulsa at around $1,185 a year. This is $782 less than the average premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto would also make the list of some of the cheapest Tulsa, OK insurance companies.
As the example above demonstrates, if you currently have a policy with GEICO and switched to USAA, you could earn a yearly savings of upwards of $196. Policyholders with Safe Auto might save as much as $220 a year, and Farmers policyholders might reduce prices by as much as $251 a year.
Understand that those prices are averaged across all insureds and vehicles and and are not calculated with a specific zip code for a Toyota Tacoma. So the car insurance company that can offer you the best rate may not even be in the list above. That affirms the importance of why you need to get rate quotes using your own individual information.
Get discounts on Tulsa insurance
Car insurance companies that offer coverage for a Toyota Tacoma may have premium discounts that could reduce prices by as much as 25% or more if you meet the requirements. Popular insurance companies and some of the discounts include:
- GEICO includes discounts for seat belt use, anti-theft, good student, anti-lock brakes, military active duty, and defensive driver.
- SAFECO has discounts for accident prevention training, anti-theft, drive less, anti-lock brakes, homeowner, and multi-car.
- State Farm policyholders can earn discounts including anti-theft, Steer Clear safe driver discount, passive restraint, good driver, and student away at school.
- MetLife may include discounts for good student, accident-free, good driver, multi-policy, defensive driver, and claim-free.
- 21st Century may offer discounts for driver training, defensive driver, anti-lock brakes, air bags, and good student.
- Progressive has savings for homeowner, continuous coverage, multi-policy, online signing, multi-vehicle, good student, and online quote discount.
The illustration below illustrates the difference between insurance costs with and without discounts. The costs are based on a male driver, no violations or claims, Oklahoma state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, passive restraint, accident-free, and homeowner discounts applied. When these discounts are applied, theamount saved on insurance for a Toyota Tacoma is 28% or $651.
The example below shows how different deductible levels can raise or lower insurance costs when quoting cheap insurance for a Toyota Tacoma. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied.
A 50-year-old driver could reduce rates by $360 a year by changing from a $100 deductible to a $500 deductible, or save $542 by switching to a $1,000 deductible. Young drivers, such as the Age 20 example, could save as much as $1,210 each year by choosing larger deductibles on their policy.
When increasing deductibles, it’s a good idea to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Reckless driving habits raise insurance rates
The obvious way to enjoy the cheapest insurance premiums in Oklahoma for a Tacoma is to drive cautiously and not get tickets or have accidents. The information below illustrates how speeding tickets and accidents can affect insurance prices for each age group. The costs are based on a single male driver, full coverage, $250 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Tulsa per year with a clean driving record and no accidents is $2,591. Factor in two speeding tickets and the average cost swells to $3,430, an increase of $839 each year. Then include one accident along with the two speeding tickets and the 12-month cost of insurance for a Toyota Tacoma goes up to an average of $4,257. That’s an increase of $1,666, or $139 per month, just for being a careless driver!
The insurance agencies listed below can aid you in deciding which coverages are best, since some people prefer to have a consultation when buying car insurance for a Tacoma. It can be time-consuming to find the best coverage on your own, so a licensed agent can bring peace of mind knowing you have adequate asset protection. To find an agent closest to you, click the button at the bottom of the list.
Cathy Warren – State Farm Insurance Agent
6119 E 91st St Ste 100 – Tulsa, OK 74137 – (918) 481-6655
6373 E 31st St A – Tulsa, OK 74135 – (918) 270-2220
Glass Insurance Agency, Inc
4500 S Garnett Rd #914 – Tulsa, OK 74146 – (918) 663-5314