Do you need a better way to compare more affordable Toyota Tacoma insurance in Los Angeles? Trying to come up with a payment for high-priced insurance can deplete your personal savings and put a big crunch on your finances. Getting a rate comparison can save money and help to ensure you are getting the best deal.
Surprisingly, a recent survey revealed that the vast majority of drivers kept their coverage with the same insurance company for more than four years, and 38% of drivers have never compared rates with other companies. With the average insurance premium being $1,400, Los Angeles drivers could save almost 35% every year, but they don’t know the benefits if they switch to a new company. Vehicle owners have multiple car insurance companies to purchase coverage from, and although it’s a good thing to have a selection, so many choices can make it hard to find the lowest rates for Toyota Tacoma insurance in Los Angeles.
Low Cost companies for Toyota Tacoma insurance
The providers in the list below are our best choices to provide free quotes in Los Angeles, CA. If multiple companies are listed, we recommend you visit as many as you can to get the best price comparison.
Data for Toyota Tacoma insurance
The table shown below showcases estimates of policy rates for Toyota Tacoma models. Understanding how auto insurance prices are determined is important to be able to make informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$278||$464||$442||$26||$132||$1,342||$112|
|Tacoma X-Runner 2WD||$278||$546||$442||$26||$132||$1,424||$119|
|Tacoma Double Cab 4WD||$314||$464||$442||$26||$132||$1,378||$115|
|Tacoma Double Cab TRD Off-Road Package 4WD||$314||$464||$442||$26||$132||$1,378||$115|
|Tacoma Double Cab TRD Sport Package 4WD||$314||$464||$442||$26||$132||$1,378||$115|
|Get Your Own Customized Quote Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Information does not factor in your specific Los Angeles location which can increase or decrease coverage prices noticeably.
Does it make sense to buy full coverage?
The illustration below shows the comparison of Toyota Tacoma car insurance costs with full coverage compared to only the California minimum liability coverage. The rates are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are taken into consideration.
When to drop comp and collision
There isn’t a written rule for eliminating full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Toyota Tacoma claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after you pay the deductible. If you are paying over $600 a year for physical damage coverage, then you might want to think about dropping full coverage.
There are some cases where removing full coverage is not in your best interest. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not eliminate full coverage.
Toyota Tacoma Insurance Cost Factors
One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that come into play when calculating insurance rates. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that can earn you lower premium levels.
Use one insurance company and save – Most larger insurance companies will award lower prices for people that purchase more than one policy such as combining an auto and homeowners policy. If you currently are using one company, drivers will still want to compare other company rates to help guarantee you have the best rates.There is a good possibility that you can save money by buying from different companies
Insurance is expensive for youthful drivers – More mature drivers are more responsible, cost insurance companies less in claims, and receive fewer citations. Young drivers have been known to be less responsible when behind the wheel so they pay higher insurance rates.
The following data assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.
Fast cars cost more to insure – The make and model of the car or truck you are trying to find cheaper insurance for makes a huge difference in your rates. The lowest premiums will normally be found when insuring lower cost passenger models, but that’s not the only thing that factors into the final price.
The following chart uses these variables: single female driver age 20, full coverage with $100 deductibles, and no discounts or violations. It illustrates Toyota Tacoma car insurance rates compared to other models that have a range of risk factors.
Does your vocation cost you more? – Occupations such as judges, social workers, and stock brokers are shown to have higher average rates in part from job stress and incredibly demanding work hours. On the flip side, occupations such as actors, students and retirees generally pay rates lower than average.
Loss probability for a Toyota Tacoma – Companies use historical loss data when they calculate premium rates for each model. Models that are shown to have higher number or severity of losses will cost more to insure. The information below illustrates the historical loss data for Toyota Tacoma vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of manufacturer or model, is set at 100. Values that are 100 or less suggest a positive loss record, while values over 100 indicate more frequent losses or tendency to have higher losses.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Tacoma Double Cab 2WD||79||109||70||77||76||92|
|Toyota Tacoma Double Cab 4WD||82||104||84||64||56||77|
|Toyota Tacoma Double Cab LWB 2WD||87||108||74||96|
|Toyota Tacoma Double Cab LWB 4WD||84||104||88||68||57||79|
|Toyota Tacoma Xtra Cab 2WD||80||105||60||86||75||96|
|Toyota Tacoma Xtra Cab 4WD||71||90||77||48||51||65|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Score discounts on Los Angeles auto insurance
The cost of insuring your cars can be expensive, but you might find some hidden discounts to help bring down the price. Some discounts apply automatically when you get a quote, but lesser-known reductions have to be asked about before you will receive the discount.
- Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
- Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts may earn rate discounts of 20 to 30 percent.
- Discounts for Safe Drivers – Accident-free drivers may save up to 50% more than less cautious drivers.
- Include Life Insurance and Save – Some auto insurance companies give a small discount if you purchase auto and life insurance together.
- Membership in Organizations – Being a member of qualifying employment or professional organizations could qualify you for a break on your next renewal.
- More Vehicles More Savings – Buying coverage for multiple cars or trucks with one company could earn a price break for each car.
- Defensive Driver Discounts – Participating in a course teaching defensive driving skills could possibly earn you a 5% discount and make you a better driver.
- Early Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you can avoid the installment charge.
A little disclaimer on discounts, some credits don’t apply to the entire cost. Some only apply to individual premiums such as liability, collision or medical payments. Even though it appears all the discounts add up to a free policy, companies don’t profit that way. Any amount of discount will help reduce your policy cost.
The chart below compares Toyota Tacoma yearly insurance costs with and without discounts applied. The information is based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, marriage, claim-free, homeowner, and safe-driver discounts applied.
If you would like to choose from a list of insurers who offer free Toyota Tacoma insurance quotes in California, click this link.
Local neighborhood agents and insurance
A lot of people just prefer to sit down and talk to an agent and that is OK! Good insurance agents are trained to spot inefficiencies and give you someone to call. The biggest benefit of getting online price quotes is that you can find better rates and still buy from a local agent. Supporting small agencies is important especially in Los Angeles.
After filling out this form (opens in new window), your information is submitted to agents in your area who will give you bids and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to search for any insurance agencies as quotes are delivered instantly to you. If you want to compare rates for a specific company, just navigate to their website and fill out their quote form.
If you want to buy insurance from local Los Angeles agents, there are a couple of different types of agencies to choose from. Insurance agencies can be categorized as either independent agents or exclusive agents. Both types can properly insure your vehicles, but it is a good idea to know how they are different because it can impact your selection of an agent.
Independent Insurance Agents
Agents that elect to be independent are normally appointed by many insurers so as a result can place your coverage through lots of different companies and get you the best rates possible. If your premiums go up, your policy is moved internally and you don’t have to find a new agent.
When searching for an agent, you will definitely want to contact a few independent agents in order to have the best price comparison.
Below is a short list of independent agencies in Los Angeles that may be able to give pricing information.
Exclusive Insurance Agents
Agents of this type are contracted to one company and examples are Allstate, State Farm and Farmers Insurance. These agents are unable to provide prices from multiple companies so keep that in mind. They are highly trained on sales techniques which helps them sell on service rather than price.
Listed below are exclusive insurance agents in Los Angeles that can give you comparison quotes.
Choosing a insurance agency should include more criteria than just a cheap quote. Here are some questions to ask:
- Is vehicle damage repaired with OEM or aftermarket parts?
- Does the company have a solid financial rating?
- How much experience to they have in personal lines coverages?
- How long have they been in business?
- Can they give you a list of client referrals?
- Who are their largest clients?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- How does the company pay claims for a total loss?
Once you have received positive feedback to all your questions and an affordable coverage quote, you may have just found an insurance agent that meets the criteria to provide insurance coverage. Just be aware that it’s your policy and you can cancel a policy whenever you want so don’t feel you’re contractually obligated to any specific company for the entire policy term.
Do I need special coverages?
Always keep in mind that when comparing proper insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different so your insurance needs to address that.
Here are some questions about coverages that may help you determine if you may require specific advice.
- Do I need rental car coverage?
- Are my friends covered when driving my car?
- Is my cargo covered for damage or theft?
- What can I do if my company won’t pay a claim?
- At what point should I drop full coverage?
- Does having multiple vehicles earn me a discount?
- Should I pay a claim out-of-pocket?
- What is the rate difference between pleasure use and commuting?
- Are combined or split liability limits better?
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Cheaper car insurance rates are possible
Budget-conscious Toyota Tacoma insurance is possible from both online companies and from local insurance agents, so you need to shop Los Angeles auto insurance with both in order to have the best price selection to choose from. Some insurance companies may not offer rates over the internet and many times these smaller providers sell through independent agents.
When getting Los Angeles auto insurance quotes online, you should never skimp on critical coverages to save a buck or two. In many instances, someone dropped full coverage and discovered at claim time that the savings was not a smart move. Your strategy should be to buy enough coverage for the lowest price, but do not skimp to save money.
For more information, feel free to browse the following helpful articles:
- All About Airbag Safety (State Farm)
- What Car Insurance is Cheapest for Drivers Requiring a SR22 in Los Angeles? (FAQ)
- Who Has the Cheapest Auto Insurance for Low Mileage Drivers in Los Angeles? (FAQ)
- Who Has the Cheapest Car Insurance for High School Students in Los Angeles? (FAQ)
- Who Has Cheap Car Insurance for a Company Car in Los Angeles? (FAQ)
- Who Has the Cheapest Car Insurance for Retired Military in Los Angeles? (FAQ)
- Who Has Affordable Los Angeles Auto Insurance for a Ford Fusion? (FAQ)
- Teen Driving Statistics (GEICO)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)