Compare Toyota Tundra Insurance Quotes in Toledo

  1. Home
  2. >
  3. Toledo Auto Insurance
  4. >
  5. Toyota Tundra

Insurance rates Toyota Tundra in ToledoUnbelievable but true according to a study the vast majority of auto insurance customers kept buying from the same company for well over three years, and almost half have never even compared rates from other companies. Toledo drivers could save almost $730 each year by just shopping around, but they just assume it's a time-consuming process to compare rate quotes.

The preferred way to find the cheapest price for car insurance rates in Toledo is to start comparing rates regularly from insurance carriers who provide auto insurance in Ohio.

  1. Read about the coverage provided by your policy and the measures you can control to prevent high rates. Many policy risk factors that drive up the price like accidents, careless driving, and poor credit history can be improved by making lifestyle changes or driving safer.
  2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agencies can provide prices from many different companies.
  3. Compare the new rate quotes to your current policy to determine if you can save on Tundra insurance. If you find a better price, make sure there is no lapse in coverage.
  4. Provide proper notification to your current company to cancel the current policy. Submit payment and a signed application to the new insurer. Once the paperwork is finalized, put the proof of insurance certificate in your glove compartment.

One bit of advice is to make sure you enter identical coverage information on each price quote and and to analyze every company you can. This ensures the most accurate price comparison and a complete price analysis.

If you have insurance now, you should be able to cut your premiums using this information. Finding the cheapest insurance coverage in Toledo is not rocket science. But Ohio drivers must know the way companies market on the web and take advantage of how the system works.

Car insurance providers offering cheap price quotes in Ohio

The following companies are ready to provide quotes in Toledo, OH. If multiple companies are listed, it's highly recommended you click on several of them to get a more complete price comparison.

Detailed insurance information

The table displayed below outlines estimates of coverage costs for Toyota Tundra models. Learning how premiums are determined helps drivers make smart choices when comparing insurance quotes.

Toyota Tundra Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $86 $140 $264 $16 $80 $586 $49
Tundra SR/5 Double Cab 2WD $98 $172 $264 $16 $80 $630 $53
Tundra SR/5 Crew Max 2WD $98 $172 $264 $16 $80 $630 $53
Tundra Regular Cab 4WD $112 $172 $264 $16 $80 $644 $54
Tundra Double Cab 4WD $112 $172 $264 $16 $80 $644 $54
Tundra SR/5 Double Cab 4WD $112 $172 $264 $16 $80 $644 $54
Tundra Limited Double Cab 2WD $112 $202 $264 $16 $80 $674 $56
Tundra Limited Crew MAX 2WD $112 $202 $264 $16 $80 $674 $56
Tundra Limited Crew MAX 4WD $124 $202 $264 $16 $80 $686 $57
Tundra SR/5 Crew Max 4WD $124 $202 $264 $16 $80 $686 $57
Get Your Own Custom Quote Go

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Table data does not factor in specific Toledo garaging location which can lower or raise coverage prices significantly.

Policy deductibles

When shopping for auto insurance, a common question is at what level do you set your deductibles. The data tables below approximate the rate differences between low and high coverage deductibles. The first data set uses a $250 deductible and the second price chart uses a $1,000 deductible.

Toyota Tundra insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $152 $242 $256 $16 $76 $767 $64
Tundra SR/5 Double Cab 2WD $176 $296 $256 $16 $76 $845 $70
Tundra SR/5 Crew Max 2WD $176 $296 $256 $16 $76 $845 $70
Tundra Regular Cab 4WD $198 $296 $256 $16 $76 $867 $72
Tundra Double Cab 4WD $198 $296 $256 $16 $76 $867 $72
Tundra SR/5 Double Cab 4WD $198 $296 $256 $16 $76 $867 $72
Tundra Limited Double Cab 2WD $198 $348 $256 $16 $76 $919 $77
Tundra Limited Crew MAX 2WD $198 $348 $256 $16 $76 $919 $77
Tundra Limited Crew MAX 4WD $220 $348 $256 $16 $76 $941 $78
Tundra SR/5 Crew Max 4WD $220 $348 $256 $16 $76 $941 $78
Get Your Own Custom Quote Go
Toyota Tundra insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $94 $152 $256 $16 $76 $594 $50
Tundra SR/5 Double Cab 2WD $108 $186 $256 $16 $76 $642 $54
Tundra SR/5 Crew Max 2WD $108 $186 $256 $16 $76 $642 $54
Tundra Regular Cab 4WD $122 $186 $256 $16 $76 $656 $55
Tundra Double Cab 4WD $122 $186 $256 $16 $76 $656 $55
Tundra SR/5 Double Cab 4WD $122 $186 $256 $16 $76 $656 $55
Tundra Limited Double Cab 2WD $122 $220 $256 $16 $76 $690 $58
Tundra Limited Crew MAX 2WD $122 $220 $256 $16 $76 $690 $58
Tundra Limited Crew MAX 4WD $136 $220 $256 $16 $76 $704 $59
Tundra SR/5 Crew Max 4WD $136 $220 $256 $16 $76 $704 $59
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in specific Toledo garaging location which can modify coverage rates greatly.

Based on these figures, using a $250 deductible will cost in the ballpark of $17 more each month or $204 for a full year averaged for all Tundra models than opting for the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 44 months between claims, you would most likely save money by going with a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $73
Average monthly premium for $1,000 deductibles (subtract): - $56
Monthly savings from raising deductible: $17
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 44 months

One important note is that a higher deductible level results in having to pay to pay more out-of-pocket when you file a claim. You need to have enough disposable savings in the event you have to pay the higher deductible in order to repair your vehicle.

Toyota Tundra full coverage rates compared to liability only

The illustration below illustrates the difference between Toyota Tundra insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, single marital status, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule to delete full coverage, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's pretend your Toyota Tundra replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after the deductible is paid. If you are paying over $300 a year for full coverage, then you might want to think about dropping full coverage.

There are some conditions where only buying liability is not advised. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Seven Things That Determine Your Insurance Costs

Many different elements are used in the calculation when quoting car insurance. Some are pretty understandable such as your driving history, but other criteria are more obscure such as your marital status or how financially stable you are. Part of the auto insurance buying process is learning some of the things that help determine the level of your policy premiums. If you have a feel for what controls the rates you pay, this allows you to make educated decisions that could result in big savings.

Males tend to take more risk - Statistics show women are more cautious behind the wheel. However, this does not mean females are better drivers. Men and women cause auto accidents in similar percentages, but guys cause more damage and cost insurance companies more money. They also get higher numbers of serious violations like driving under the influence (DUI).

The information below illustrates the difference between Toyota Tundra annual premium costs for male and female drivers. The premiums assume no tickets, no at-fault accidents, comp and collision included, $500 deductibles, marital status is single, and no policy discounts are applied.

Vehicle risk impacts costs - The type of car you are trying to find cheaper insurance for makes a big difference in determining your rates. The lowest base rates tend to be for smaller low performance passenger cars, but there are many factors that impact the final cost.

The chart below uses these assumptions: married female driver age 50, full coverage with $250 deductibles, and no discounts or violations. It shows Toyota Tundra policy rates compared to other makes and models that have a range of risk factors.

Bad credit will cost you - Credit score is likely to be a major factor in determining what you pay. Insureds that have excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores. If your credit rating leaves room for improvement, you could potentially save money when insuring your Toyota Tundra if you improve your credit rating.

Save money with higher comp and collision deductibles - Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your Toyota. Some instances where coverage would apply are a broken side mirror, damage from fire, and having your car stolen. Physical damage deductibles represent how much money you are required to spend out-of-pocket if a covered claim is submitted. The more damage repair cost you choose to pay out-of-pocket, the less your company will charge you for insurance.

Low stress job equals lower rates - Did you know your auto insurance rates can be affected by your occupation? Occupations like real estate brokers, business owners, and financial analysts tend to pay the highest rates because of intense work situations and incredibly demanding work hours. Other jobs like actors, athletes and homemakers get better rates.

Get a ticket, pay higher prices - Even one chargeable violation may cause rates to rise twenty percent or more. Drivers with clean records receive lower rates than people who have multiple driving citations. Drivers with flagrant violations such as reckless driving or DUI may need to prove financial responsibility with their state's department of motor vehicles in order to prevent a license revocation.

The information below shows how violations and fender-benders influence Toyota Tundra yearly insurance costs for different ages of insureds. The premiums are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

Where do you drive? - Driving more miles in a year the more you'll pay to insure your vehicle. The majority of insurers apply a rate partially by how you use the vehicle. Cars and trucks left parked in the garage can be on a lower rate level than cars that get driven a lot. Incorrect rating for your Tundra is throwing money out the window. It's a smart idea to ensure your auto insurance declarations sheet is rated on the proper vehicle usage.

Toyota Tundra insurance loss data - Car insurance companies factor in historical loss data when setting rates for each model. Models that the data determines to have a trend towards higher claim severity or frequency will have a higher cost to insure.

The table below illustrates the compiled insurance loss statistics for Toyota Tundra vehicles. For each policy coverage type, the statistical loss for all vehicles averaged together is equal to 100. Numbers under 100 suggest a positive loss record, while values that are above 100 show a trend for more claims or larger claims.

Toyota Tundra Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Tundra CrewMax 2WD 88 105 96 63 75 94
Toyota Tundra CrewMax 4WD 97 113 105 64 51 77
Toyota Tundra Double Cab 2WD 95 131 90 85 84 107
Toyota Tundra Double Cab 4WD 86 112 93 53 55 79
Toyota Tundra Double Cab LWB 4WD 93 115 69
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Earn discounts on Toledo insurance

Not too many consumers would say insurance is affordable, but you may qualify for discounts that you may not even be aware of. Certain credits will be shown when you get a quote, but some need to be asked for before being credited.Discount insurance

  • Discount for Life Insurance - Some companies give a small discount if you purchase auto and life insurance together.
  • Waiver for an Accident - Not really a discount, but companies like GEICO, State Farm, and Progressive will forgive one accident before your rates go up as long as you don't have any claims for a particular time prior to the accident.
  • Senior Citizens - Mature drivers can get a slight reduction on a Toledo car insurance quote.
  • Bundled Policy Discount - When you combine your homeowners and auto insurance with one insurance company you may earn as much as 10 to 15 percent.
  • Drive Safe and Save - Drivers who avoid accidents can get discounts for up to 45% lower rates than drivers with accident claims.
  • Low Mileage - Driving less may enable drivers to earn discounted prices on garaged vehicles.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.

A quick disclaimer, most discount credits are not given to the entire cost. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like all those discounts means the company will pay you, that's just not realistic.

The illustration below illustrates the difference between Toyota Tundra car insurance rates with and without policy discounts. The rates are based on a male driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full physical damage 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, safe-driver, multi-policy, marriage, and claim-free discounts applied.

Auto insurance companies that have some of the discounts shown above include:

Before purchasing a policy, check with every insurance company which discounts you may be entitled to. Some discounts listed above might not be available to policyholders in Toledo. If you would like to see a list of insurance companies offering insurance discounts in Toledo, click here.

Independent versus exclusive insurance agencies

Some consumers just want to have an agent's advice and that is a smart decision One of the great benefits of getting online price quotes is you can get better rates and still buy from a local agent.

Insurance agency in ToledoTo help locate an agent, after submitting this simple form, the coverage information is transmitted to companies in Toledo that give free quotes for your insurance coverage. It's much easier because you don't need to visit any agencies due to the fact that quote results will go to you. You can find the lowest rates without requiring a lot of work. If you have a need to get a price quote from a specific company, don't hesitate to go to their quote page and complete a quote there.

Choosing an insurer is decision based upon more than just a cheap price. These questions are important to ask:

  • How much will you save each year by using a higher deductible?
  • Does the agent have a valid license to sell insurance in Ohio?
  • Can you get a list of referrals?
  • Is the agent CPCU or CIC certified?
  • Are there any extra charges for paying monthly?
  • Are you getting all the discounts the company offers?
  • Do the companies they represent have a solid financial rating?
  • Which family members are covered?

If you get acceptable answers and an acceptable price quote, you may have found a company that is a good match to properly insure your vehicles. It's important to know that you are able to terminate your policy any time you want so don't feel that you're stuck with any specific company with no way to switch.

Everyone needs different car insurance coverages

When choosing a policy for your personal vehicles, there isn't really a cookie cutter policy. Every insured's situation is different.Higher deductibles save money

For instance, these questions might point out if your insurance needs may require specific advice.

  • Does insurance cover tools stolen from my truck?
  • Do I have coverage when using my vehicle for my home business?
  • Am I covered when pulling a rental trailer?
  • Do I need more liability coverage?
  • Should I sign the liability waiver when renting a car?
  • How do I file an SR-22 for a DUI in Ohio?
  • When can my company non-renew my policy?
  • Do I need roadside assistance coverage?

If you're not sure about those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form.

More effort can pay off

Some insurance companies may not have the ability to get a quote online and these small insurance companies prefer to sell through independent agents. The cheapest Toyota Tundra insurance in Toledo is attainable both online as well as from independent agents in Toledo, so you should compare both in order to have the best price selection to choose from.

We just presented a lot of ways to compare Toyota Tundra insurance rates in Toledo. The most important thing to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the lowest priced car insurance comes from an unexpected company.

People change insurance companies for a number of reasons such as not issuing a premium refund, questionable increases in premium, policy non-renewal or high rates after DUI convictions. Regardless of your reason for switching companies, finding the right car insurance provider is actually quite simple.

For more information, link through to these articles: