Buying cheaper coverage for a Toyota Tacoma in Ohio doesn’t take too much effort, but it relies on a complex formula that considers things such as how many miles you drive each year, the performance level of your vehicle, and your choice of physical damage deductibles. Drivers in Ohio will pay around $685 per year to insure their Tacoma, but that amount is an estimate based upon a 30-year-old married female driver with full coverage and $250 deductibles.
But there is a good chance that you’re not a 30-year-old female, you might be single instead of married, or maybe you’re a renter instead of a homeowner. There is no one cookie-cutter policy that works for everyone, so the way we recommend to find cheap auto insurance rates for your Toyota is to do a thorough rate comparison.
The trim level of your Toyota will influence the cost of insurance, so the cost to insure a Tacoma 2WD will be $44 cheaper than the price to insure the higher-priced Tacoma Double Cab TRD Sport Package 4WD version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$170||$290||$232||$14||$70||$776||$65|
|Tacoma X-Runner 2WD||$170||$342||$232||$14||$70||$828||$69|
|Tacoma Double Cab 4WD||$192||$290||$232||$14||$70||$798||$67|
|Tacoma Double Cab TRD Off-Road Package 4WD||$192||$290||$232||$14||$70||$798||$67|
|Tacoma Double Cab TRD Sport Package 4WD||$192||$290||$232||$14||$70||$798||$67|
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rates do not factor in Toledo location which can affect prices greatly.
Finding decent, affordable auto insurance is not the easiest thing to do, and finding out which insurers offer the cheapest car insurance rates for a Toyota Tacoma calls for a bit more work.
Every insurance company has a different process to establish rates, so let’s begin by examining the car insurance companies with the overall best prices in Toledo, OH.
Compare Cheap Insurance Quotes for Your Tacoma
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$778|
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Utica National has some of the cheapest car insurance rates in Toledo at around $654 each year. Erie, Frankenmuth, Allied, and USAA also make the cut as some of the cheaper Toledo, OH car insurance companies.
As shown in the table above, if you are a customer of Allied and switched to Utica National, you could see savings of about $43. Customers with USAA could save as much as $65 a year, and Travelers insureds might see rate reductions of $72 a year.
To discover how much you can save, click here to begin a quote or quote prices from the following companies.
These premiums are averages for all drivers and vehicles and do not take into consideration an exact location for a Toyota Tacoma. So the auto insurance company that fits your needs best may not even be in the list above. That point stresses why you need to compare prices as often as possible using your own driver data and vehicle information.
The diagram below demonstrates how choosing different deductibles can affect insurance premiums when getting quotes for cheap insurance for a Toyota Tacoma. The prices are based on a single male driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could cut expenses by $232 a year by changing from a $100 deductible to a $500 deductible, or save $350 by switching to a $1,000 deductible. Young drivers, like the 20-year-old example, could roll back prices as much as $752 or more just by choosing higher deductibles. If you do make the decision to raise your deductibles, it will be necessary to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
The benefit of shopping around
Toledo, OH car insurance rates are impacted by many things that can increase the price of your policy. Simply improving your credit, filing a claim, or getting a reckless driving citation can trigger price changes resulting in some rates now being more affordable than the competition. Not only may your risk profile change, but insurers change premium rates every year to reflect underwriting profits or losses. Heavier than normal losses may cause additional price hikes, while a better claims history may produce lower-cost Tacoma insurance rates.
As an example, the graph below shows the companies that have the cheapest car insurance in Toledo, OH for a 40-year-old female driver with a clean driving record, no accidents, and a good credit history. If we estimate rates based on her current risk factors, Utica National offers the lowest car insurance rates in Toledo at $800 annually. This is $240 less than the average policy premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers are also on the list of the cheapest Toledo, OH auto insurance companies.
The next chart shows rates after we give the driver from the first example a chargeable accident, less-than-perfect credit, and a few blemishes on her driving record. Because each insurer has a different formula for setting prices, getting updated rate quotes could result in a substantially altered list of the cheapest car insurance companies in Toledo as shown below.
Cincinnati Insurance now has the best insurance rate in Toledo with Merchants Insurance Group, Grange Mutual, General Casualty, and Motorists Mutual also having competitive pricing. This example illustrates why Ohio drivers need to shop around when trying to get the cheapest auto insurance rates for a Toyota Tacoma.
Car insurance prices are determined by many factors and can change substantially, so the cheapest company when you last compared rates may now be quite expensive.
If you like to get some guidance when shopping for cheaper insurance for a Tacoma, the agents shown below are willing to answer your questions and help you decide which coverages and limits you need. To find an agent near you, click the button below the list.
1120 Madison Ave – Toledo, OH 43604 – (419) 243-1191
American Family Insurance – Robert Bias
4466 Heatherdowns Blvd – Toledo, OH 43614 – (419) 381-3352
Bob Burns Insurance and Financial
2229 W Laskey Rd – Toledo, OH 43613 – (419) 471-1950
Allstate Insurance: Ahmad Rachidi
1544 S Byrne Rd – Toledo, OH 43614 – (419) 385-4107
Ideas for buying cheaper car insurance for a Toyota Tacoma
Below you’ll find some penny-pinching solutions that can help Toledo drivers get cheap coverage.
- At-fault accidents will increase rates
- Drive vehicles with five-star safety ratings
- Claim-free policyholders usually earn a discount
- Buying your home and auto policies from the same company can earn a discount
- Just one traffic violation will increase your rates
- Shop around for cheaper prices
The last tip in the list is especially crucial, as was affirmed in the article above. Coverage rates can change in a short period of time, so don’t be unwilling to switch companies if a cheaper rate is available. Loyalty to a specific company is fine, but it isn’t a good idea if that dedication is costing hundreds of dollars a year. If you have a few minutes, compare prices and find cheaper auto insurance for a Toyota Tacoma in Toledo.