Finding economical car insurance for a Toyota Tacoma hinges on a complicated formula that considers factors such as how far you drive to work, if you have a tendency to file claims, and if you have a history of accidents. Drivers pay around $1,433 per year to insure their Tacoma, but that figure is an estimation based on a 40-year-old single male driver with full physical damage coverage and $250 deductibles.
Most likely you aren’t exactly 40 years old or even a male, maybe you are married instead of single, and you want different coverage limits than the example. Auto insurance requires individual risk assessment, so the best way to find cheap insurance prices for your Toyota is to do a thorough rate comparison. Do a quick rate comparison now and you can get rates from the best auto insurance companies that sell coverage in Florida.
The trim level of your Tacoma will most likely have an effect on the coverage cost, so the rate you pay to insure a Tacoma 2WD will be $80 lower than the insurance cost for the higher-priced Tacoma Double Cab TRD Sport Package 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$316||$624||$504||$30||$152||$1,626||$136|
|Tacoma X-Runner 2WD||$316||$736||$504||$30||$152||$1,738||$145|
|Tacoma Double Cab 4WD||$356||$624||$504||$30||$152||$1,666||$139|
|Tacoma Double Cab TRD Off-Road Package 4WD||$356||$624||$504||$30||$152||$1,666||$139|
|Tacoma Double Cab TRD Sport Package 4WD||$356||$624||$504||$30||$152||$1,666||$139|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Information does not factor in zip code location which can increase or decrease coverage prices considerably.
Locating cheap auto insurance is not the easiest thing to accomplish, and finding out which companies have the cheapest car insurance rates for a Toyota Tacoma involves even more diligence. Each insurer has a unique formula to determine rates, so we’ll take a look at the car insurance companies with the most affordable rates in Orlando.
Find Cheaper Car Insurance for Your Tacoma
|Rank||Company||Cost Per Year|
|Find Cheaper Rates Go|
USAA offers some of the lowest car insurance rates in Orlando at around $977 annually. This is $1,471 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers also are some of the lowest-priced Orlando, FL auto insurance companies.
In the rate table above, if you are insured with Progressive and switched to USAA, you could earn yearly savings of in the vicinity of $798. Drivers with Travelers could save as much as $911 a year, and Mercury customers might lower prices by $996 a year.
It’s important to note that these prices are averaged for all drivers and vehicles in Florida and do not factor in an exact location for a Toyota Tacoma. So the auto insurance company that has the lowest price for you may not even be in the list above. That’s why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
Rate increases following a ticket or accident
The best way to enjoy affordable car insurance rates for a Tacoma is to drive safe and not have accidents or get tickets. The illustration below demonstrates how speeding tickets and at-fault fender-benders can drive up insurance premiums for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance in Orlando per year with no violations or accidents is $2,361. Get two speeding tickets and the average cost hikes up to $3,271, an increase of $909 each year. Now include one accident along with the two speeding tickets and the annual cost of car insurance for a Toyota Tacoma goes up to an average of $4,196. That’s an increase of $1,834, or $153 per month, just for not driving carefully!
The illustration below highlights how deductible choice can raise or lower annual premium costs when trying to find cheap insurance for a Toyota Tacoma. The costs are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
A 50-year-old driver could pocket $424 a year by increasing from a $100 deductible to a $500 deductible, or save $642 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old, could shave up to $1,386 or more just by using higher deductibles. When increasing deductibles, it is a good idea to have plenty of money set aside to offset the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Low rates today, overpriced tomorrow
Florida car insurance rates are determined by lots of factors which can substantially decrease or increase the cost of a policy. Simply getting older, moving to a new city, or having an accident can trigger price changes resulting in some companies being cheaper than competitors.
Also, insurers change the rates they charge in Florida as needed in order to remain profitable. Unexpectedly high claims can cause more expensive prices, while a better loss history may cause cheaper Tacoma insurance rates.
For instance, the data below demonstrates which company has the cheapest car insurance in Orlando, FL for a 35-year-old male driver with no violations or accidents, and good credit. Based on his personal risk profile, USAA might quote the lowest car insurance rates in Orlando at $1,227 per year. This is $1,221 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury round out the rest of the most affordable Orlando, FL auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a chargeable accident, less-than-perfect credit, and an imperfect driving record. Since each company has a different process to set premium rates, comparing quotes most likely will result in a new list of companies as shown below.
USAA now has the cheapest car insurance in Orlando with Allied, State Farm, GEICO, and Esurance completing the list. This example shows why it is important to spend some time comparing rates to get the most affordable auto insurance rates for a Toyota Tacoma. Insurance prices are determined by many different factors and can increase or decrease at any time, so the lowest-price company the last time you compared rates may now cost much more than other companies.
How to find economical auto insurance for a Toyota Tacoma
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty suggestions that can help drivers get lower-cost auto insurance.
- Save money by only buying liability coverage for older vehicles
- Avoid preventable accidents
- Increase deductibles to save money
- Try to remain claim-free
- Save money by observing traffic laws and speed limits
- Shop around and save
The last idea is remarkably significant, as we stressed in this article. Insurance prices in Orlando can be adjusted at any time, so drivers shouldn’t hesitate to buy from a new company if you find a better deal.
Many consumers stick with the same company and that’s fine, but it’s not a good idea if that loyalty ends up costing a small fortune. In just a few minutes you could shop around to find cheaper car insurance for a Toyota Tacoma.
If you prefer to have professional advice when trying to find the best insurance rates for a Tacoma, the insurance agencies below are a good start to aid you in deciding which coverages you need. To locate an Orlando car insurance agency close to you, click the link after the list.
Allstate Insurance: Luis Diaz
1634 Hillcrest St – Orlando, FL 32803 – (407) 823-8232
Independent Insurance Agents
845 N Fern Creek Ave – Orlando, FL 32803 – (407) 898-0461
Budget Insurance Agency
5574 N Orange Blossom Trail – Orlando, FL 32808 – (321) 270-6385