2003 Toyota Tacoma Car Insurance Rates

Are you a victim of an underperforming, overpriced insurance policy? Trust us when we tell you many consumers feel financially strained by their insurance policy.

Popular companies such as State Farm, Progressive and GEICO persitently shower you with catchy ads and consumers find it hard to ignore the promise of big savings and effectively compare rates to find the best deal.

Consumers should take time to compare rates quite often since insurance rates trend upward over time. Just because you found the best rates for Tacoma insurance on your last policy you will most likely find a better rate today. Block out anything you think you know about insurance because we’re going to demonstrate the fastest way to eliminate unnecessary coverages and save money.

If you are paying for car insurance now, you will be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is not that difficult. But drivers do need to learn the way companies price insurance differently.

Vehicle Insurance Comparison

Shopping for lower insurance rates can be a daunting task if you don’t know the easiest way. You could waste time discussing policy coverages with agents in your area, or you can utilize online quoting to quickly compare rates.

Most car insurance companies belong to a marketplace that enables customers to complete one form, and at least one company returns a rated price determined by their information. This system prevents you from having to do quote requests for every insurance company.

To participate in this free quote system, click here to open in new window.

One minor caviat to using this type of form is you can’t choose which companies to get quotes from. So if you want to select individual companies to request quotes from, we put together a list of insurance companies in your area. Click here to view list.

It’s up to you which method you use, but ensure you are comparing apples-to-apples deductibles and coverage limits for each comparison quote. If you use higher or lower deductibles it will be very difficult to find the best deal for your Toyota Tacoma. Quoting even small variations in limits can result in a big premium difference. It’s important to know that getting more free quotes helps locate the best offered rates.

Cut prices on 2003 Toyota Tacoma insurance

Companies offering auto insurance don’t always advertise all available discounts very clearly, so here is a list both well-publicized and also the lesser-known discounts you could be receiving.

  • Bundle and Save – When you combine your home and auto insurance with the same insurance company you may earn up to 20% off your total premium.
  • Multiple Cars – Having all your vehicles with the same company could earn a price break for each car.
  • Life Insurance – Larger companies have lower rates if you buy a life insurance policy as well.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
  • College Student – Children who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • Save over 55 – Mature drivers can possibly qualify for a discount up to 10% for Tacoma insurance.
  • Passive Restraints – Vehicles equipped with air bags can get savings up to 30%.
  • Low Mileage – Low mileage vehicles can earn lower rates on the low mileage vehicles.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts could save 15% on the medical payments or PIP coverage costs.

It’s important to note that most discounts do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, it just doesn’t work that way.

Companies who might offer these discounts include:

Double check with every prospective company which discounts you may be entitled to. All car insurance discounts may not be available in every state.

Elements that influence Toyota Tacoma insurance rates

Consumers need to have an understanding of the different types of things that help determine your insurance coverage rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

  • A clean driving record saves money – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one moving violation can bump up the cost by twenty percent. Drivers who don’t get tickets tend to pay less for car insurance compared to drivers with tickets. Drivers with flagrant tickets like DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
  • Better crash test results mean better rates – Cars with high safety ratings get lower rates. The safest vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Toyota Tacoma is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Older drivers pay less – Older insureds are viewed as being more responsible, tend to file fewer claims and tend to be better behind the wheel. Youthful drivers are statistically proven to get distracted easily when behind the wheel and because of this, their insurance coverage rates are much higher.
  • Your job and insurance rates – Jobs such as real estate brokers, architects and dentists tend to have the highest average rates because of job stress and long work hours. Other occupations like pilots, historians and retirees receive lower rates for Tacoma insurance.
  • Small claims can cost you – Companies award better rates to drivers who are claim-free. If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Your insurance policy is designed for major claims that would cause financial hardship.
  • No coverage gaps is important – Letting your insurance expire will be a quick way to trigger a rate increase. Not only will you pay more, failure to provide proof of insurance might get you a revoked license or a big fine.You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Proper usage rating affects rates – Driving more miles each year the more you will pay for insurance coverage. Most companies price each vehicle’s coverage determined by how the vehicle is used. Autos used primarily for pleasure use qualify for better rates compared to those used for work or business. An improperly rated Tacoma can cost quite a bit. Double check that your insurance coverage coverage properly reflects the proper vehicle usage.

Tailor your coverage to you

When it comes to buying adequate coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions could help you determine whether or not you may require specific advice.

  • Are my friends covered when driving my 2003 Toyota Tacoma?
  • Should I buy additional glass protection?
  • Do I need an umbrella policy?
  • Should I waive the damage coverage when renting a car?
  • Do I pay less for low miles?
  • Will I be non-renewed for getting a DUI or other conviction?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.

Auto insurance coverage specifics

Knowing the specifics of a auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from 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 can pay for claims such as damage from getting keyed, damage from flooding and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.


Liability insurance protects you from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers claims such as bail bonds, repair bills for other people’s vehicles, repair costs for stationary objects, loss of income and pain and suffering. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your 2003 Toyota Tacoma.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for expenses such as chiropractic care, hospital visits and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This pays for damage to your Tacoma resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like sideswiping another vehicle, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Summing up your insurance coverage search

We covered some good ideas how to reduce 2003 Toyota Tacoma insurance prices online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced insurance coverage comes from some of the lesser-known companies. Regional companies may have significantly lower rates on certain market segments than their larger competitors like State Farm or Progressive.

Cheaper insurance is possible online and with local insurance agents, and you should be comparing both so you have a total pricing picture. Some companies do not offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

Additional insurance coverage information can be read on the following sites: