2014 Toyota Tacoma Car Insurance Cost

Trying to find lower auto insurance rates for your Toyota Tacoma? Are you a victim of overpriced auto insurance? Trust us, there are lots of people in the same boat. You have so many auto insurance companies to purchase coverage from, and even though it’s nice to be able to choose, it makes it harder to find the lowest cost provider.

The purpose of this article is to instruct you on the most effective way to quote insurance and some tricks to saving. If you currently have car insurance, you will most likely be able to cut costs considerably using these tips. Consumers only need an understanding of the proper way to buy car insurance on the web.

How to Get Insurance Comparison Quotes

Reducing your 2014 Toyota Tacoma insurance rates doesn’t have to be difficult. The only thing you need to do is invest a few minutes to compare quotes online with multiple companies. This is very easy and can be done in several different ways.

One of the best ways consumers can make multiple comparisons is to use a rate comparison form click to view form in new window. This method eliminates the need for boring form submissions to each individual insurance company. In just a few minutes this one form gets rate comparisons instantly.

A less efficient way to get quotes online is to take the time to go to each company’s website and fill out their own quote form. For examples sake, let’s say you want rates from Farmers, Liberty Mutual and American Family. To get rate quotes you would need to visit each site and enter your information, which is why most consumers use the first method. To view a list of companies in your area, click here.

The least recommended way to compare rates is to spend time driving to local insurance agencies. Shopping for insurance online can eliminate the need for a local agent unless you prefer the trained guidance only provided by licensed agents. You can, however, price shop your coverage online but still have the advice of a local agent and we’ll cover that in a bit.

Whichever method you choose, double check that you are using exactly the same information on every quote. If you use different deductibles then you won’t be able to determine the best price for your Toyota Tacoma.

Policy discounts you shouldn’t miss

Insuring your fleet can be pricey, but you can get discounts to help bring down the price. Larger premium reductions will be automatically applied at the time you complete a quote, but less common discounts must be specially asked for before they will apply. If they aren’t giving you every credit available, you are throwing money away.

  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy can get a discount on all vehicles.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you could save up to 5%.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can qualify for discounts of more than 20%.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. This discount can apply up to age 25.
  • Distant Student – Children living away from home attending college and don’t have a car may qualify for this discount.
  • Accident Free – Drivers with accident-free driving histories pay less when compared with bad drivers.
  • Senior Citizens – Mature drivers may receive reduced rates on Tacoma coverage.
  • Low Mileage Discounts – Keeping the miles down on your Toyota could qualify for better rates on cars that stay parked.
  • Accident Waiver – A handful of insurance companies will forgive one accident without raising rates if your claims history is clear prior to the accident.
  • New Car Discount – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.

It’s important to note that most discounts do not apply to all coverage premiums. Some only reduce individual premiums such as liability and collision coverage. So even though it sounds like you could get a free auto insurance policy, it doesn’t quite work that way. But any discount will cut your overall premium however.

Car insurance companies that may offer these discounts may include but are not limited to:

Double check with all companies you are considering how you can save money. Some discounts might not be offered in your area.

Insurance agents can help

When choosing proper insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether you would benefit from an agent’s advice.

  • Is my trailer covered?
  • Where can I find high-risk insurance?
  • How much liability insurance is required?
  • Does my 2014 Toyota Tacoma need full coverage?
  • I don’t drive much so do I pay less?
  • Does having multiple vehicles earn me a discount?
  • How much underlying liability do I need for an umbrella policy?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Insurance specifics

Having a good grasp of insurance aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverage types available from insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Toyota Tacoma.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability coverages

This provides protection from damages or injuries you inflict on people or other property. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as pain and suffering, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for short-term medical expenses for dental work, rehabilitation expenses and EMT expenses. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Collision coverage

Collision insurance pays for damage to your Tacoma caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, rolling your car, hitting a mailbox and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from flooding, a broken windshield and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.