Finding the best cheap coverage for a Toyota Tundra in Ohio depends on a complex formula that considers things such as the mileage of your daily commute, whether or not you garage your vehicle, and driving violations. Drivers in Ohio pay on average $529 a year to insure their Tundra, but that price is a projection calculated based on a 50-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
There’s a good chance you are not 50 years old and maybe not even female, maybe you are single instead of married, or you just want cheap liability insurance instead of full coverage. Even a minor change in rating criteria or coverage limits can make a big difference in the coverage rate.
Not everyone needs the same coverages, so the way we recommend to find cheap insurance rates for your Toyota is to just take the time to compare rates yourself.
The trim level of your Tundra impacts the cost of insurance, so the price to insure a Tundra Regular Cab 2WD will be $88 cheaper than the cost to insure the higher-priced Tundra SR/5 Crew Max 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$72||$126||$242||$14||$72||$526||$44|
|Tundra SR/5 Double Cab 2WD||$84||$154||$242||$14||$72||$566||$47|
|Tundra SR/5 Crew Max 2WD||$84||$154||$242||$14||$72||$566||$47|
|Tundra Regular Cab 4WD||$94||$154||$242||$14||$72||$576||$48|
|Tundra Double Cab 4WD||$94||$154||$242||$14||$72||$576||$48|
|Tundra SR/5 Double Cab 4WD||$94||$154||$242||$14||$72||$576||$48|
|Tundra Limited Double Cab 2WD||$94||$182||$242||$14||$72||$604||$50|
|Tundra Limited Crew MAX 2WD||$94||$182||$242||$14||$72||$604||$50|
|Tundra Limited Crew MAX 4WD||$104||$182||$242||$14||$72||$614||$51|
|Tundra SR/5 Crew Max 4WD||$104||$182||$242||$14||$72||$614||$51|
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Prices do not factor in specific location which can increase or decrease rates considerably.
Buying reasonably-priced insurance is not easy, and finding out which company offers the best car insurance rates for a Toyota Tundra may require even more shopping around.
Each insurer has a different formula for setting prices, so we’ll go over the overall cheapest car insurance companies in Toledo, OH. It’s important to know that Toledo, OH car insurance rates are determined by lots of factors which can significantly increase or decrease the cost of coverage. Price variation is why consumers need to take the time to compare many different companies when trying to get the best auto insurance quotes for a Toyota Tundra. Auto insurance prices consist of many things and change substantially, so the best company a year ago may now cost much more than other companies.
Best Auto Insurance Prices for Your Tundra
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$755|
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Utica National quotes some of the best car insurance rates in Toledo at around $654 per year. This is $386 less than the average premium paid by Ohio drivers of $1,040. Allied, Frankenmuth, Erie, and Travelers also make the cut as some of the most economical Toledo, OH auto insurance companies.
As shown above, if you are currently insured with Travelers and switched to Allied, you could see an annual savings of in the vicinity of $57. Drivers with USAA could save as much as $64 a year, and Cincinnati Insurance policyholders might realize rate reductions of up to $80 a year.
These policy prices are averaged for all drivers and vehicles in Ohio and do not take into consideration a specific vehicle garaging location for a Toyota Tundra. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.
The chart below highlights how deductible choice can impact insurance premiums when getting quotes for cheap insurance for a Toyota Tundra. The data is based on a single male driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower rates by $232 a year by changing from a $100 deductible to a $500 deductible, or save $350 by switching to a $1,000 deductible. Even younger insureds, like the age 20 example, can save $752 or more just by using higher deductibles.
When increasing deductibles, it is important to have additional savings on hand to satisfy the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Full coverage or liability only
Saving money on car insurance is important to the majority of drivers, and one of the best ways to pay lower rates for insurance for a Toyota Tundra is to only buy liability insurance. The example below illustrates the comparison of insurance premiums when comparing full coverage to liability only. Data assumes a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are factored in.
If all age groups are averaged, comprehensive and collision coverage on your policy costs $1,379 per year more than buying just liability insurance. That is a significant amount which raises the question if you should buy full coverage at all. There is no definitive guideline of when to exclude full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
There are a few situations where removing full coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
How to find more affordable auto insurance for a Toyota Tundra
The list below shows some of the recommended thrifty ideas that can help drivers locate lower-cost car insurance.
- Safer vehicles cost less to insure
- Bundle car and home insurance and save money
- Accident-free drivers may qualify for discounts
- Too many claims can make car insurance unaffordable
- You will pay more if you get tickets or have at-fault accidents
- Shop around once a year for cheaper rates
That final tip is extremely critical, as was noted in the prior information. Car insurance prices in Toledo can change in a short period of time, so don’t hesitate to buy from a different company if a better rate can be found. We understand brand loyalty, but we do not recommend it if that devotion results in you overpaying a small fortune. Take a couple minutes and compare rates and find cheaper insurance for a Toyota Tundra.