How Much Does 2002 Toyota Tacoma Car Insurance Cost?

Searching for lower auto insurance rates for your Toyota Tacoma? Have you fallen victim to overpriced auto insurance? Believe me when I say there are many people just like you. Many auto insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurance companies to get the cheapest price

If you have a policy now or are shopping for new coverage, you can use these techniques to find better prices and possibly find even better coverage. Choosing the best insurance company for you is not that difficult. Consumers only need an understanding of the proper methods to buy auto insurance over the internet.

Which Auto Insurance is Cheapest?

Comparing auto insurance rates is a ton of work if you don’t know the easiest way. You can spend countless hours talking to local insurance agents in your area, or you can utilize online quotes to achieve your goal.

Most of the best insurance companies are enrolled in a marketplace that enables customers to enter their policy data once, and every company returns a rated price based on that information. This system prevents you from having to do repetitive form submissions to each individual auto insurance company.

To find out how much you can save on auto insurance click here to open in new window.

The only drawback to using this type of form is you don’t know exactly which providers you want pricing from. So if you want to select individual companies to request quotes from, we have a listing of auto insurance companies in your area. View list of insurance companies.

However you get your quotes, ensure you’re using the exact same quote information with each company. If the quotes have different values for each quote it’s not possible to decipher which rate is best.

Discounts can save BIG

Auto insurance companies do not list every available discount very well, so we break down both well-publicized and the harder-to-find ways to save on insurance. If you don’t get every credit you deserve, you’re paying more than you need to.

  • E-sign – Certain companies will discount your bill up to fifty bucks for buying your policy online.
  • Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.
  • Multi-car Discount – Having more than one vehicle on the same insurance policy can get a discount on all vehicles.
  • Drivers Education – Have your child complete a driver education course in school.
  • Own a Home – Simply owning a home can help you save on insurance due to the fact that maintaining a home demonstrates responsibility.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • 55 and Retired – If you’re over the age of 55, you may receive a discount up to 10% on Tacoma coverage.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you could save up to 5%.
  • Student in College – Children who live away from home and do not have a car may qualify for this discount.

Keep in mind that some credits don’t apply the the whole policy. Some only reduce individual premiums such as liability and collision coverage. Even though it may seem like you can get free auto insurance, companies don’t profit that way.

For a list of providers with discount insurance rates, click here to view.

Will just any policy work for me?

When choosing coverage, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that can help discover if you might need professional guidance.

  • Where can I get insurance after a DUI in my state?
  • Is there coverage for injuries to my pets?
  • Does having multiple vehicles earn me a discount?
  • What is high-risk coverage and where do I buy it?
  • Do I need an umbrella policy?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is my nanny covered when driving my vehicle?
  • What is roadside assistance coverage?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Toyota Tacoma rates influenced by many factors

Smart consumers have a good feel for some of the elements that come into play when calculating the price you pay for insurance. Understanding what impacts premium levels helps enable you to make changes that could result in big savings.

  • Drive a safer car and pay less – Vehicles with high crash test scores are cheaper to insure. Safer cars protect occupants better and lower injury rates means less money paid by your insurance company and lower rates for you. If your Toyota is rated at least four stars on it is probably cheaper to insure.
  • Do men or women drive better? – Statistics have proven that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. They both have accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also get more serious tickets like reckless driving and DUI.
  • Careful drivers pay lower rates – Whether or not you get tickets impacts your car insurance rates tremendously. Good drivers have lower premiums than people who have multiple driving citations. Only having one ticket can increase rates forty percent or more. Drivers with severe tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to drive a vehicle legally.
  • Being married is a good thing – Being married helps lower the price on your insurance policy. Having a significant other is viewed as being more mature and responsible and statistics show being married results in fewer claims.
  • Protect yourself with liability coverage – The liability section of your policy is the protection when you are found liable for damages caused by your negligence. It provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Don’t let your coverage lapse – Letting your insurance expire is a sure-fire way to trigger a rate increase. And not only will your rates increase, but not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license.
  • Better credit scores mean better rates – A driver’s credit score is a big factor in determining what you pay for insurance. If your credit score is lower than you’d like, you could potentially save money when insuring your 2002 Toyota Tacoma by repairing your credit. Consumers who have good credit tend to be less risk to insure than drivers who have poor credit.

Insurance coverage basics

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.

Comprehensive or Other Than Collision – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as falling objects, fire damage and rock chips in glass. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverages – This coverage covers damage to your Tacoma from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like sustaining damage from a pot hole, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for expenses for things like ambulance fees, hospital visits, X-ray expenses and funeral costs. They are used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverage – This protects you from damage that occurs to a person or their property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things like medical expenses, medical services and bail bonds. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Final thoughts

The cheapest 2002 Toyota Tacoma insurance is attainable online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some auto insurance companies do not offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

You just learned many tips how you can compare insurance prices online. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the most savings is with an unexpected company. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and GEICO.

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