Expensive insurance in Los Angeles can empty your budget and make it impossible to make ends meet. Doing a rate analysis is recommended to make sure you’re not throwing money away.
It’s an obvious assumption that car insurance companies don’t want you to look for cheaper rates. Consumers who shop for lower prices are inclined to buy a new policy because of the good chance of finding coverage at a more affordable price. A recent survey found that people who made a habit of comparing rate quotes saved on average $70 a month compared to people who never shopped for cheaper rates.
If finding the cheapest rates on insurance in Los Angeles is your ultimate goal, then having an understanding of the best ways to find and compare coverage rates can save time and make the process easier.
Numerous car insurance companies battle for your hard-earned dollar, and it can be difficult to compare rates and uncover the absolute best rates possible on Toyota Tundra insurance in Los Angeles.
Best Toyota Tundra insurance rate quotes in California
The providers in the list below offer free rate quotes in California. If several companies are displayed, we recommend you visit several of them to get a more complete price comparison.
Toyota Tundra insurance coverage information
The premium information below covers a range of coverage costs for Toyota Tundra models. Understanding how policy premiums are established can be useful when making informed purchases.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$242||$382||$500||$30||$150||$1,304||$109|
|Tundra SR/5 Double Cab 2WD||$278||$464||$500||$30||$150||$1,422||$119|
|Tundra SR/5 Crew Max 2WD||$278||$464||$500||$30||$150||$1,422||$119|
|Tundra Regular Cab 4WD||$314||$464||$500||$30||$150||$1,458||$122|
|Tundra Double Cab 4WD||$314||$464||$500||$30||$150||$1,458||$122|
|Tundra SR/5 Double Cab 4WD||$314||$464||$500||$30||$150||$1,458||$122|
|Tundra Limited Double Cab 2WD||$314||$546||$500||$30||$150||$1,540||$128|
|Tundra Limited Crew MAX 2WD||$314||$546||$500||$30||$150||$1,540||$128|
|Tundra Limited Crew MAX 4WD||$348||$546||$500||$30||$150||$1,574||$131|
|Tundra SR/5 Crew Max 4WD||$348||$546||$500||$30||$150||$1,574||$131|
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in garaging location in Los Angeles which can raise or lower coverage prices considerably.
The information below demonstrates how deductibles and can affect Toyota Tundra insurance costs for different ages of insureds. The data assumes a single male driver, comp and collision included, and no discounts are applied to the premium.
Rate increases following a ticket or accident
The illustration below shows how violations and accident claims drive up Toyota Tundra auto insurance rates for each different age category. The costs are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
Auto insurance rates by age and gender
The illustration below illustrates the difference between Toyota Tundra auto insurance rates for male and female drivers. The data assumes no claims, a clean driving record, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Do you need full coverage?
The illustration below illustrates the comparison of Toyota Tundra auto insurance costs when comparing full coverage to state minimum liability only. The data is based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no exact formula to drop physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s say your Toyota Tundra settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 a year for full coverage, then it might be time to buy liability only.
There are a few situations where buying only liability insurance is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
Save with these nine discounts
Not too many consumers would say auto insurance is affordable, but there are discounts available that can dramatically reduce your bill. A few discounts will automatically apply when you purchase, but some need to be manually applied before you get the savings.
- Senior Discount – Drivers over the age of 55 may receive lower premium rates.
- Passive Restraints – Options like air bags or automatic seat belts can receive discounts of more than 20%.
- Bundle and Save – When you have multiple policies with the same company you could earn a discount of 10% to 20% off each policy.
- Low Miles Discount – Maintaining low annual mileage could be rewarded with lower auto insurance rates on the low mileage vehicles.
- Save with More Vehicles Insured – Having multiple cars or trucks with the same auto insurance company can reduce the rates for all insured vehicles.
- Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you may have a lower total premium amount.
- Driver Safety – Successfully completing a course teaching safe driver skills can save you 5% or more and also improve your driving technique.
- Smart Student Discounts – This discount can get you a discount of up to 25%. Most companies allow this discount up to age 25.
- Discount for New Cars – Buying a new car instead of a used Tundra can get you a discount compared to insuring an older model.
As a footnote on discounts, many deductions do not apply to the whole policy. Most only reduce the cost of specific coverages such as comp or med pay. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
The example below shows the comparison of Toyota Tundra auto insurance rates with and without some available policy discounts. The premiums assume a female driver, no violations or claims, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, multi-policy, claim-free, safe-driver, and marriage discounts applied.
Car insurance companies who may offer these money-saving discounts include:
When getting a coverage quote, ask all companies you are considering how you can save money. Some discounts might not be offered on policies everywhere. To find providers who offer discounts in California, click this link.
Compare prices but buy from a local Los Angeles insurance agent
Certain consumers just want to buy from a local agent and that is just fine! The best thing about comparing rates online is the fact that drivers can get the lowest rates and still choose a local agent. Buying from and supporting local agents is important particularly in Los Angeles.
Once you complete this form (opens in new window), your insurance data is emailed to local insurance agents in Los Angeles who will give you bids to get your business. You don’t have to search for an agent because prices are sent straight to your inbox. You can find lower rates AND an agent nearby. If you wish to quote rates from a specific insurance provider, you would need to jump over to their website and fill out their quote form.
Types of car insurance agents in Los Angeles
When narrowing the list to find an insurance agent, you need to know there are two types of agencies to choose from. Insurance agents can either be exclusive or independent.
Independent Insurance Agents
Independent agents are not employed by any specific company so they can quote policies amongst many companies and find you cheaper rates. To move your coverage to a new company, the business is moved internally and you don’t have to do anything. When comparing rates, we highly recommend that you compare quotes from several independent insurance agents to get the best comparison.
Below is a partial list of independent insurance agencies in Los Angeles who may provide pricing information.
Exclusive Insurance Agents
Agents of this type work for only one company and examples are Farmers Insurance and State Farm. They are unable to shop your coverage around so always compare other rates. Exclusive agents are well trained on their company’s products which helps offset the inability to provide other markets.
Listed below is a short list of exclusive insurance agents in Los Angeles who can help you get price quote information.
Selecting an insurance agent should depend on more than just the bottom line cost. Here are some questions to ask:
- Do they regularly work with personal auto policies in Los Angeles?
- How many years have they been established?
- Will your rates increase after a single accident?
- Is every driver in your family covered?
- By raising physical damage deductibles, how much would you save?
- Are they properly licensed to sell insurance in California?
- Is there a local claims center in Los Angeles?
- Do they get paid more for recommending certain coverages?
Insurance is unique, just like you
When buying your policy for your vehicles, there is no best way to insure your cars. Everyone’s situation is unique and your insurance should be unique as well.
Here are some questions about coverages that can help discover if your situation will benefit from professional help.
- What is the rate difference between pleasure use and commuting?
- Do I have coverage when pulling a U-Haul trailer?
- When should I drop full coverage on my Toyota Tundra?
- I have good health insurance, so how much medical payments coverage do I need?
- If I drive on a suspended license am I covered?
- Are my tools covered if they get stolen from my vehicle?
- What if a claim settlement is too low?
- Is coverage enough to protect my assets?
- What is roadside assistance coverage?
If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.
Car insurance coverages explained
Knowing the specifics of car insurance can be of help when determining which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are typical coverage types found on most car insurance policies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as falling objects, rock chips in glass, damage from a tornado or hurricane, a tree branch falling on your vehicle and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Toyota Tundra.
Because many people carry very low liability coverage limits (which is 15/30/5), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently these limits do not exceed the liability coverage limits.
Liability car insurance
This coverage can cover injuries or damage you cause to a person or their property in an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 15/30/5 which stand for a $15,000 limit per person for injuries, $30,000 for the entire accident, and property damage coverage for $5,000. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage protects against claims such as bail bonds, medical services and structural damage. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible. California requires drivers to carry at least 15/30/5 but you should think about purchasing more liability than the minimum.
The illustration below shows why low liability limits may not provide you with enough coverage.
Collision insurance pays for damage to your Tundra resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as rolling your car, sideswiping another vehicle, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible on your Tundra to get cheaper collision coverage.
Insurance for medical payments
Coverage for medical payments and/or PIP reimburse you for bills for things like EMT expenses, rehabilitation expenses, surgery, doctor visits and hospital visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Don’t give up on affordable rates
As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability coverage limits and learned later that they should have had better coverage. Your goal should be to purchase a proper amount of coverage at the best cost and still be able to protect your assets.
Cheaper insurance in Los Angeles can be purchased both online and from local insurance agents, so you need to quote Los Angeles car insurance with both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and most of the time these regional insurance providers only sell through independent agents.
Even more information is located in the articles below:
- Vehicle Safety Ratings (iihs.org)
- Who Has Cheap Auto Insurance for Unemployed Drivers in Los Angeles? (FAQ)
- How Much is Los Angeles Auto Insurance for a Ford F-150? (FAQ)
- Who Has Affordable Los Angeles Auto Insurance Quotes for a Jeep Grand Cherokee? (FAQ)
- Who Has the Cheapest Los Angeles Auto Insurance for Handicapped Drivers? (FAQ)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Drunk Driving Statistics (Insurance Information Institute)