Finding cheaper coverage for a Toyota Tacoma hinges on a large number of factors such as miles driven annually, the likelihood of vehicle theft, and whether or not you are a good driver. California drivers will pay around $1,487 per year to insure their Tacoma, but that price is a projection using a 30-year-old single female driver with full comprehensive and collision coverage and $500 deductibles.
When projecting a rate like this, the problem is that you are not 30 years old and maybe not even female, married instead of single, and you need different coverage limits than the sample rates. Even a minor change in the criteria used to calculate rates can result in a massive change in the coverage rate.
There is no perfect policy for every driver, so the only real way to find cheap insurance rates for your Toyota is to just take the time to compare rates yourself.
Your vehicle’s trim level can impact the yearly cost, so the price you will be charged to insure a Tacoma 2WD model will be $80 cheaper than the price to insure the fancier Tacoma Double Cab TRD Sport Package 4WD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$308||$570||$596||$36||$178||$1,688||$141|
|Tacoma X-Runner 2WD||$308||$672||$596||$36||$178||$1,790||$149|
|Tacoma Double Cab 4WD||$348||$570||$596||$36||$178||$1,728||$144|
|Tacoma Double Cab TRD Off-Road Package 4WD||$348||$570||$596||$36||$178||$1,728||$144|
|Tacoma Double Cab TRD Sport Package 4WD||$348||$570||$596||$36||$178||$1,728||$144|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rates do not factor in specific garaging location which can revise rates substantially.
Stockton insurance companies
Selecting a good quality auto insurance company can be rather challenging considering how many choices drivers have in Stockton. The rank data shown next could help you pick which providers to look at shopping your coverage with.
These rankings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so smaller companies are not taken into consideration for these rankings. To compare rates and find cheaper insurance for a Toyota Tacoma, click this link.
Top 10 Large Auto Insurance Companies in Stockton Ranked by Value
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Full coverage rates vs. liability-only
Paying a lower price for insurance should be important to most drivers, and a good way to reduce the cost of insurance for a Toyota Tacoma is to only buy liability insurance. The illustration below compares annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no violations or accidents, $500 deductibles, single marital status, and no policy discounts are applied.
If averaged out across all ages, physical damage insurance costs $2,502 per year over and above liability coverage. At some point, almost every driver questions if paying for full coverage is worth it. There is no written rule of when to phase out full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s say your vehicle’s claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying your policy deductible. If it’s costing in excess of $600 a year for full coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
The diagram below demonstrates how choosing different deductibles can increase or decrease insurance costs when searching for cheap insurance for a Toyota Tacoma. The costs are based on a single male driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 30-year-old driver could reduce rates by $472 a year by changing from a $100 deductible to a $500 deductible, or save $708 by using a $1,000 deductible. Youthful drivers, like the Age 20 category, could drop their prices as much as $1,396 every year just by choosing higher deductibles. When increasing deductibles, it will be important to have enough funds in savings to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Tips for buying economical car insurance for a Toyota Tacoma
It’s not impossible to find cheaper rates, and here are a few thrifty solutions that can help Stockton drivers locate low-cost auto insurance.
- Increase your physical damage deductibles
- Drive safe vehicles
- Higher credit ratings may save you money
- Earn a discount by not filing claims
- Buying home and auto insurance together can earn discounts
- Full coverage is expensive so only insure older vehicles for liability only
- Shop around for cheaper prices often
That last piece of advice is certainly crucial, as was noted in this article. Prices charged by auto insurers fluctuate considerably, so drivers shouldn’t hesitate to change insurance companies if a lower price can be found. Brand loyalty is great, but it isn’t a good idea if that dedication is costing a small fortune. In just a few minutes you could compare prices and find cheaper auto insurance for a Toyota Tacoma in Stockton.
The Stockton car insurance agencies listed below are a good start to provide answers to your questions and help you determine which coverages you need, since lots of people like to have some advice when buying car insurance for a Tacoma. It can be difficult to find the best coverage on your own, so getting advice from a licensed California insurance agent can add peace of mind knowing your coverage gives you adequate protection in the event of a claim.
To locate a Stockton insurance agent closest to you, click the button link following the list.
Nationwide Insurance: Maffei Ins and Fin Services
2540 Pacific Ave #1 – Stockton, CA 95204 – (209) 957-9433
6025 Pacific Ave – Stockton, CA 95207 – (209) 474-7777
Banuelos Insurance Agency
2300 Waterloo Rd – Stockton, CA 95205 – (209) 513-3248
State Farm: Cheryl Bentley
1502 St Marks Plaza #2 – Stockton, CA 95207 – (209) 952-5065
Farmers Insurance: Evelyn Morales
1348 N Center St – Stockton, CA 95202 – (209) 465-7446