Buying cheap car insurance for a Toyota Tacoma in Florida is pretty straightforward, but it relies on a lot of factors such as your age, if you are a frequent claim filer, and any prior driving offenses you have. Florida drivers pay on average $1,010 a year for Tacoma insurance, but that figure is a projection based on a 50-year-old single female driver with full coverage and $1,000 deductibles.
There’s a high likelihood you’re not a 50-year-old female, maybe you are married instead of single, and you need different coverage limits than the sample rates. Not every driver requires the same auto insurance coverages, so the only real way to find cheap insurance prices for your Toyota is to do your own rate comparisons. It only takes a few minutes and you will be able to see rates from the best companies that insure vehicles in Florida.
The specific trim level tends to have a direct effect on the insurance rate, so the rate you pay to insure a Tacoma 2WD model will be $44 less than the insurance cost for the more well-appointed Tacoma Double Cab TRD Sport Package 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$172||$334||$472||$28||$142||$1,148||$96|
|Tacoma X-Runner 2WD||$172||$394||$472||$28||$142||$1,208||$101|
|Tacoma Double Cab 4WD||$194||$334||$472||$28||$142||$1,170||$98|
|Tacoma Double Cab TRD Off-Road Package 4WD||$194||$334||$472||$28||$142||$1,170||$98|
|Tacoma Double Cab TRD Sport Package 4WD||$194||$334||$472||$28||$142||$1,170||$98|
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Premium costs do not factor in specific location which can change coverage prices considerably.
Shopping around for budget insurance is hard enough, and determining which company offers the cheapest insurance rates for a Toyota Tacoma may require even more rate comparisons. Every insurance provider has a unique approach for setting rates, so let’s take a look at the insurance companies that tend to have lower prices in Tampa, FL.
It’s important to know that Tampa, FL insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. This price fluctuation is why it is critical to compare as many rates as possible to find the most budget-friendly insurance rates for a Toyota Tacoma. Insurance rates are determined by many factors and can change without notice, so the best option the last time you shopped your coverage around may now be an over-priced policy.
Best Car Insurance Prices for Your Tacoma
|Rank||Company||Cost Per Year|
|Find Cheaper Rates Go|
USAA quotes some of the best car insurance rates in Tampa at around $986 annually. Amica, Electric, Progressive, and Mercury would also make the list of some of the cheaper Tampa, FL car insurance companies.
As depicted above, if you currently buy coverage from Mercury and switched to Amica, you might achieve a yearly savings of roughly $220. Policyholders with Travelers may save as much as $251 a year, and Allied policyholders might realize rate reductions of up to $251 a year.
These prices are averaged across all types of drivers and the different vehicles they drive and do not factor in a specific zip code for a Toyota Tacoma. So the insurer that fits your situation best may not even be in the list above. That emphasizes why you need to compare rates from multiple companies using your own individual information.
The chart below shows how different deductible levels can raise or lower insurance costs when researching cheap insurance for a Toyota Tacoma. The data is based on a single male driver, full physical damage coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could lower their policy premium by $398 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $596 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old example, have the ability to save as much as $1,320 or even more by choosing larger deductibles on their policy. When using a larger deductible, it will be important to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Discount Tampa auto insurance
Insurance providers that provide policies for a Toyota Tacoma may have price discounts that can lower rates by as much as 30% if you meet eligibility requirements. Larger insurance companies and a selection of discounts are shown below.
- State Farm may offer discounts for defensive driving training, accident-free, good driver, Drive Safe & Save, and multiple policy.
- Liberty Mutual has savings for newly retired, multi-car, new vehicle discount, newly married, exclusive group savings, and teen driver discount.
- American Family discounts include Steer into Savings, early bird, multi-vehicle, mySafetyValet, bundled insurance, TimeAway discount, and good student.
- Progressive has discounts for multi-vehicle, continuous coverage, good student, multi-policy, online signing, homeowner, and online quote discount.
- Farmers Insurance includes discounts for bundle discounts, early shopping, distant student, good student, mature driver, electronic funds transfer, and switch companies.
- Auto-Owners Insurance offers premium reductions for multiple vehicles, company car, paperless, paid in full, student away at school, and safe driver.
- SAFECO offers discounts including multi-car, homeowner, drive less, teen safe driver, and safe driver.
The diagram below visualizes the comparison of auto insurance costs with and without some available policy discounts. The costs are based on a male driver, no claims or driving violations, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, anti-theft, multiple vehicle, marriage, passive restraint, and claim-free discounts applied. When these discounts are applied, theaverage yearly reduction on insurance for a Toyota Tacoma is 28% or $707.
Price comparison of only insuring for liability
Finding cheaper insurance is important to most people, and an effective way to save on the cost of insurance for a Toyota Tacoma is to buy only liability coverage. The chart below visualizes the comparison of car insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no violations or claims, $250 deductibles, marital status is single, and no discounts are factored in.
Averaged for all age groups, physical damage coverage costs $2,541 per year more than insuring for liability only. That is a big expense that brings up the question if it’s a good idea to buy full coverage. There isn’t a written rule that works best for making the decision to drop full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
There are some cases where eliminating full coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
The Tampa car insurance agencies listed below can provide answers to your questions and help you determine which is the best policy, since lots of people like to have professional advice when buying car insurance for a Toyota Tacoma. It’s not always simple to find the cheapest auto insurance company, and insurance agents licensed in the state of Florida can provide you comfort knowing your policy gives you adequate protection in case of an accident or claim.
To find an auto insurance agency closest to you, click the button following the list.
A Complete Insurance Agency
5008 W Linebaugh Ave – Tampa, FL 33624 – (813) 865-9000
Global FIS – A Full Service Independant Insurance Agency
8710 W Hillsborough Ave #201 – Tampa, FL 33615 – (813) 343-0844
American Family Agencies
8501 N Florida Ave – Tampa, FL 33604 – (813) 930-0400
Florida Commercial Insurance
4915 W Cypress St – Tampa, FL 33607 – (813) 262-2303