Buying cheap car insurance for a Toyota Tacoma in California hinges on a complex formula that considers things such as driver age, whether or not you garage your vehicle, and blemishes on your driving record. Drivers will pay around $1,150 each year to insure their Tacoma, but that price is a valuation calculated based on a 50-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.
But there is a high probability that you are not 50 years old and maybe not even female, possibly single instead of married, or maybe you have a teenager that needs to be on your policy. Auto insurance is not the same for everyone, so the best way to find the cheapest insurance price for your Toyota is to just take the time to compare rates yourself. Rate quotes are easy and you can get prices from the cheapest companies that insure Toyota vehicles in California.
The trim level of your Tacoma will have an impact the insurance rate, so the rate you will pay to insure a Tacoma 2WD will be $66 cheaper than the price to insure the higher-end Tacoma Double Cab TRD Sport Package 4WD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$262||$478||$416||$24||$124||$1,304||$109|
|Tacoma X-Runner 2WD||$262||$562||$416||$24||$124||$1,388||$116|
|Tacoma Double Cab 4WD||$296||$478||$416||$24||$124||$1,338||$112|
|Tacoma Double Cab TRD Off-Road Package 4WD||$296||$478||$416||$24||$124||$1,338||$112|
|Tacoma Double Cab TRD Sport Package 4WD||$296||$478||$416||$24||$124||$1,338||$112|
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Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Estimates do not factor in garaging location in Riverside which can revise rates significantly.
Establishing which company has the cheapest car insurance rates for a Toyota Tacoma will take more time than just getting one or two price quotes.
Every auto insurer has a proprietary method for determining prices, so let’s take a look at the car insurance companies that tend to have lower prices in California. It’s important to understand that California car insurance rates are based on many factors that can increase the price you have to pay for coverage. Turning one year older, moving across town, or having an accident can produce rate changes that can now make some companies much cheaper than others.
Compare Cheap Insurance Quotes for Your Tacoma
|Rank||Company||Cost Per Year|
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USAA offers some of the cheapest car insurance rates in Riverside at around $1,109 per year. Century National, Wawanesa, CSAA, and Nationwide also make the cut as some of the cheaper Riverside, CA auto insurance companies.
As depicted above, if you are insured with Wawanesa and switched to USAA, you could see a yearly price reduction of around $83. Policyholders with CSAA might save as much as $125 a year, and Nationwide customers might lower prices by up to $154 a year.
To see if your current coverage is too expensive, click here to start your free quote or quote rates from the companies below.
These premiums are averaged across all types of insureds and vehicles and do not take into consideration a vehicle location for a Toyota Tacoma. So the insurer that fits you best may not even be in the list above. That points out the importance of why you need to get rate quotes using your own driver information and specific vehicle type.
The chart below demonstrates how choosing different deductibles can increase or decrease insurance prices when getting quotes for cheap insurance for a Toyota Tacoma. The prices are based on a married female driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $476 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $712 by switching to a $1,000 deductible. Young drivers, like the age 20 example, could lower their rates as much as $1,008 or even more just by choosing higher deductibles. If you do make the decision to raise your deductibles, it is important to have plenty of savings on hand to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Get discount Riverside insurance rates
Insurers that offer quotes for a Toyota Tacoma may also provide premium discounts that can reduce rates by as much as 25% or more if you meet certain criteria. Large car insurance companies and a selection of discounts include:
- Farmers Insurance offers discounts for business and professional, mature driver, alternative fuel, distant student, early shopping, and bundle discounts.
- State Farm may offer discounts for multiple autos, student away at school, passive restraint, anti-theft, and good student.
- Liberty Mutual policyholders can earn discounts including newly married, teen driver discount, new vehicle discount, hybrid vehicle, preferred payment discount, good student, and multi-car.
- MetLife may include discounts for defensive driver, accident-free, good student, good driver, and multi-policy.
- Progressive offers discounts including good student, multi-vehicle, continuous coverage, online quote discount, multi-policy, homeowner, and online signing.
The diagram below shows the difference between insurance costs with and without policy discounts. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with passive restraint, homeowner, safe-driver, accident-free, marriage, and anti-theft discounts applied. When discounts are factored in, the average savings per year on car insurance for a Toyota Tacoma is 28% or $735.
Shop around and save
California car insurance rates are influenced by many factors that can increase the price you pay. Simply turning a year older, buying a new vehicle, or getting a driving violation may cause policy rate changes that can make some companies more affordable than others. Not only that, but car insurance companies file new California car insurance rates every year to adjust for unexpected claims or profits. Heavier than normal losses can cause additional price hikes, while profitable underwriting can result in lower-priced Tacoma insurance rates.
As an example, the graph below shows the company with the cheapest car insurance in Riverside, CA for a 45-year-old female driver with a clean driving record, no accidents, and a good credit rating. When quoting prices based on her current situation, USAA may have the lowest car insurance rates in Riverside at $1,299 per year. This is $352 less than the average rate paid by California drivers of $1,651. Wawanesa, Nationwide, Century National, and CSAA are the remainder of the most affordable Riverside, CA auto insurance companies.
The next chart shows rates after we give the driver from the first example an at-fault accident, a lower credit rating, and a blemish on her driving record. Since every insurance provider has a proprietary formula to determine rates, comparing insurance quotes may now show a significantly different list of companies as shown below.
Grange now has the lowest price in Riverside with Progressive, Allstate, Mercury, and GEICO now being in the top five. This example proves why California drivers need to compare rates to find the most economical car insurance quotes for a Toyota Tacoma.
Auto insurance prices are made up of many things and change substantially, so the most affordable company the last time you compared rates may now cost much more than other companies.
How to find economical insurance for a Toyota Tacoma
Below you’ll find a few money-saving solutions that can help drivers get low-cost coverage.
- Bundle home and auto and earn a discount
- Be a cautious driver
- Try to remain claim-free
- Avoid preventable accidents
- Vehicles with good safety ratings have lower liability rates
- Compare rates often to find the best deal
The final tip is very significant, as we noted in the prior information. Prices charged by companies fluctuate constantly, so drivers shouldn’t hesitate to switch companies if a lower price can be found.
Brand loyalty is not necessarily bad, but we do not recommend it if it’s costing you money that could be going to better use. Now is a great time to shop around and find cheaper insurance for a Toyota Tacoma in Riverside.