Finding cheap auto insurance for a Toyota Tacoma relies on a lot of different factors such as how you use your Tacoma, if you are a frequent claim filer, and if you have tickets or violations. Drivers in Nevada will pay on average $798 annually to insure their Tacoma, but that is an estimate based on a 40-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
But there is a high probability that you’re not a 40-year-old male, possibly single instead of married, or maybe you rent instead of own your home. Just a slight change in rating variables may result in significant differences in the cost of insurance for a Toyota Tacoma.
Each driver’s needs are different, and that demonstrates why the best method for finding cheap auto insurance rates for your Toyota is to do your own rate comparisons.
View Toyota Tacoma Insurance Rates
The specific model of Tacoma tends to impact the coverage cost, so the price you will be charged to insure a Tacoma 2WD will be $44 cheaper than the price to insure the higher-end Tacoma Double Cab TRD Sport Package 4WD trim level, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $154 | $298 | $318 | $18 | $96 | $884 | $74 |
| Tacoma 4WD | $176 | $244 | $318 | $18 | $96 | $852 | $71 |
| Tacoma Double Cab 4WD | $176 | $298 | $318 | $18 | $96 | $906 | $76 |
| Tacoma X-Runner 2WD | $176 | $350 | $318 | $18 | $96 | $958 | $80 |
| Tacoma Double Cab 4WD | $198 | $298 | $318 | $18 | $96 | $928 | $77 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $198 | $298 | $318 | $18 | $96 | $928 | $77 |
| Tacoma Double Cab TRD Sport Package 4WD | $198 | $298 | $318 | $18 | $96 | $928 | $77 |
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in specific location which can decrease or increase rates greatly.
Finding the right car insurance company can be a challenge considering how many choices you have in Las Vegas. The ranking information listed below may help you select which car insurance companies you want to consider when shopping your coverage around. The rankings below are only made up of the largest auto insurers in America, so companies without a large exposure are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
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Data Source: Insure.com Best Car Insurance Companies
Discounts on Las Vegas auto insurance rates
Insurance providers that offer cheap quotes for a Toyota Tacoma may also provide special discounts that can reduce rates by as much as 25% or more if you qualify for them. A few popular companies and some of the discounts are:
- State Farm may offer discounts for multiple policy, Steer Clear safe driver discount, safe vehicle, driver’s education, and anti-theft.
- GEICO offers discounts including emergency military deployment, anti-lock brakes, multi-vehicle, daytime running lights, air bags, and driver training.
- SAFECO offers discounts for anti-theft, homeowner, accident prevention training, teen safe driver, drive less, safe driver, and bundle discounts.
- Farmers Insurance has savings for youthful driver, switch companies, business and professional, mature driver, good student, and multi-car.
- AAA policyholders can earn discounts including good student, good driver, multi-car, multi-policy, anti-theft, education and occupation, and pay-in-full.
- USAA may include discounts for multi-vehicle, new vehicle, military installation, driver training, annual mileage, and defensive driver.
The information below shows the comparison of premium costs with and without discounts applied to the rates. The premiums are based on a male driver, no accidents, no driving violations, Nevada state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with vehicle safety, claim-free, safe-driver, multiple vehicle, homeowner, and passive restraint discounts applied. When these discounts are applied, theaverage yearly reduction on car insurance for a Toyota Tacoma is 28% or $403.
Full coverage or liability only
Saving on car insurance is probably important to the majority of people, and one common way to save on the cost of insurance for a Toyota Tacoma is to not buy full coverage. The example below shows the difference between auto insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are applied.
As an overall average, physical damage insurance costs $1,532 per year over and above liability coverage. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no definitive formula for eliminating full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s settlement value is $7,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $6,500 after the deductible is paid. If you are paying over $650 annually to have full coverage, then you might want to consider buying only liability coverage.
The example below shows how choosing a deductible can raise or lower insurance costs when quoting cheap insurance for a Toyota Tacoma. The costs are based on a single male driver, comp and collision included, and no discounts are factored in.
As shown above, a 40-year-old driver could lower their car insurance rates by $314 a year by increasing from a $100 deductible to a $500 deductible, or save $476 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could shave up to $1,026 every year by choosing a larger deductible amount. When increasing deductibles, it is important to have enough in a savings account to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.