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Car insurance for a Toyota Tacoma

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Car insurance can be a significant cost for many American households, and depending on the specific make and model of your vehicle, rates can be much more or less significant. The average cost for car insurance is $1,674 per year for full coverage, according to Bankrate’s 2022 study of quoted annual premiums, which is based on the cost to insure a 2019 Toyota Camry. In comparison, we found a Toyota Tacoma costs $1,539 to insure annually with full coverage.

Although cheaper to insure, on average, nuances to Toyota Tacoma insurance costs can affect what your insurance costs are for this make and model. Before choosing a policy for your Tacoma, it may help to review variables specific to the model that help determine how much it is to insure.

Models included in this review:

  • Toyota Tacoma

How much does it cost to insure a Toyota Tacoma?

The average cost of car insurance per year is $1,674 in the U.S. for full coverage, which includes comprehensive and collision. However, the average cost of car insurance varies based on your vehicle’s make and model because insurance companies’ algorithms show that certain vehicles are riskier to insure. The following categories contribute to the price of insuring a specific vehicle model:

  • Crash rate stats per make/model – The 2019 Toyota Tacoma crew cab scored well on its crash ratings with the Insurance Institute for Highway Safety (IIHS). The vehicles scored the highest possible score on “crashworthiness” in all but one section. Crash ratings can influence auto insurance rates by providing insight regarding how much financial risk is associated with insuring a particular vehicle. Better safety ratings reflect an overall lower risk of injuries to passengers and less liability to insurers.
  • Safety features – Newer Toyota Tacomas have many available safety features, ranging from crash avoidance systems and sensors to air bags. Safety features that help limit accidents or injuries can contribute to lower auto insurance rates as they reduce financial risk for the insurer.
  • Price of parts The cost of repairs for a vehicle is strongly related to the cost of parts, with locally produced parts generally being more affordable. For example, parts for the Toyota Tacoma are made in San Antonio, Texas, and in parts of Mexico. In general, the less expensive the parts are, the less costly repairs are estimated to be, which may equate to lower rates from the insurer.

Car insurance for a Toyota Tacoma

Toyota Tacoma car insurance rates can vary between drivers and insurance carriers, even if the drivers have the same vehicle model. This is partly because driver variables like claims history and motor vehicle record are commonly used to calculate rates. Reviewing the national average rates can help give you a starting place for what rates might look like as you compare quotes.

Trucks could potentially reflect higher rates than sedans in some cases, based on total vehicle value, but in the case of the Toyota Tacoma, this appears to be offset by its safety features. In general, the more optional safety features your vehicle includes, the more likely you may be to find lower rates. Compared to the national average for vehicles, the Tacoma is slightly cheaper to insure. The cost of parts and available safety features may play a role in this relative affordability, but keep in mind that your specific quote will likely vary from the national average.

Toyota Tacoma car insurance Average annual premium
Minimum coverage $486
Full coverage $1,539

Cheapest car insurance companies for Toyota Tacomas

Companies with the largest market shares were compared on the basis of annual rate data for the Toyota Tacoma to help illustrate how variances occur between companies for the same vehicle make and model. These companies were selected from Bankrate’s picks for the best car insurance companies for 2022. With a range of nearly $300 difference for these annual rates, it is easy to see why experts recommend shopping around between insurers and comparing multiple quotes when buying an auto policy.

Average annual premium for full coverage for Toyota Tacomas

Car insurance company Toyota Tacoma
Amica $1,225
Erie $1,374
Geico $1,188
State Farm $1,290
USAA $1,086

Toyota Tacoma features that impact insurance costs

While driver-specific variables have a significant impact on rates, the following features of the Toyota Tacoma may help keep the overall cost of insurance more affordable.

  • Front and side air bags: Features like air bags that reduce the risk of bodily injuries can potentially lower costs associated with the medical aspects of auto insurance. Safer vehicles are less likely to result in a bodily injury claim filed, or may reduce the extent or cost of injuries in the case of an incident.
  • Toyota Safety Sense: This pre-collision system detects vehicles, pedestrians and anything else in front of your vehicle using a camera and radar, and provides a visual and audio warning to help you avoid a collision. If deemed necessary, this system can also utilize automatic braking. Generally, the less likely a car is to have an accident, the less expensive it is to insure.
  • Dynamic radar cruise control: This system allows you to drive at a preset speed between 25 and 110 miles per hour and can also maintain a preset following distance behind the vehicle in front of you. The system can automatically brake if you get too close to another vehicle, which may help mitigate front collisions and as a result, could potentially help lower your car insurance rates.
  • Lane departure alert: This feature detects whether your vehicle is staying within your lane at speeds above 32 miles per hour. If you veer outside your lane inadvertently, your Toyota Tacoma can provide an audio and/or visual alert. This technology may help avoid a side collision and may have a positive impact on your car insurance rates.

Other car insurance coverage for a Toyota Tacoma

Most states require drivers to carry at least a minimum amount of liability insurance, which provides financial compensation for damages you cause to someone else or their vehicle in an accident. Liability insurance may also cover things like lost wages and medical bills, depending on the circumstance of the collision. If you drive an old vehicle that isn’t worth much, it may make financial sense to have a policy that focuses solely on liability insurance. However, if you want coverage for your vehicle to be fixed or replaced after a covered accident or collision, you may want to consider purchasing comprehensive and collision coverage.

Collision insurance covers damages incurred when you are driving and collide with something, such as another vehicle, a tree or a light pole. Comprehensive coverage pays out to cover repairs for damages caused outside of a collision. Covered claims typically include damages you may not be able to prevent or avoid, such as hitting an animal, flooding, hail, other weather disasters or vandalism.

You may also want to consider other unique coverage needs you have. If you finance or lease your vehicle, your lessor or lender may require you to purchase gap insurance, which pays the difference between what your new car is worth and how much you owe on it. If you just bought a new vehicle and were to total it, new car replacement insurance could pay out to purchase a brand new vehicle of the same make and model.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Tacoma, commute five days a week and drive 12,000 miles annually.

Written by
Lizzie Nealon
Insurance Writer
Lizzie Nealon is a former insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor