Buying cheap car insurance for a Toyota Tacoma in California depends on a lot of rating factors such as whether you own a home, the performance level of your vehicle, and whether or not you are a good driver. Drivers pay approximately $923 each year for Tacoma insurance, but that cost is a projection based on a 50-year-old married male driver with full coverage and $1,000 deductibles.
This brings up the issue that more than likely you are not 50 and maybe not even a male, possibly single instead of married, or maybe you need higher liability limits than the state minimum. Every driver’s needs are different, and that is why the best method for finding cheap auto insurance rates for your Toyota is to do the rate comparisons yourself.
Compare Toyota Tacoma Insurance Rates
The trim level of your Tacoma tends to have a direct impact on price, so the price you will pay to insure a Tacoma 2WD model will be $42 less than the cost to insure the high end Tacoma Double Cab TRD Sport Package 4WD trim level, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $144 | $308 | $424 | $26 | $126 | $1,028 | $86 |
| Tacoma 4WD | $164 | $252 | $424 | $26 | $126 | $992 | $83 |
| Tacoma Double Cab 4WD | $164 | $308 | $424 | $26 | $126 | $1,048 | $87 |
| Tacoma X-Runner 2WD | $164 | $362 | $424 | $26 | $126 | $1,102 | $92 |
| Tacoma Double Cab 4WD | $186 | $308 | $424 | $26 | $126 | $1,070 | $89 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $186 | $308 | $424 | $26 | $126 | $1,070 | $89 |
| Tacoma Double Cab TRD Sport Package 4WD | $186 | $308 | $424 | $26 | $126 | $1,070 | $89 |
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Table data does not factor in vehicle location which can increase or decrease prices substantially.
Determining which company has the lowest-priced car insurance rates for a Toyota Tacoma will take a bit more work in order to find the lowest price quote. Every insurance provider has a unique approach to set policy rates, so we’ll take a look at the car insurance companies that tend to be cheaper in Oakland.
Cheap Insurance Rates for Your Tacoma
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Wawanesa | $1,157 |
| 3 | CSAA | $1,198 |
| 4 | Century National | $1,214 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,447 |
| 8 | Mercury | $1,503 |
| 9 | Progressive | $1,542 |
| 10 | Allstate | $1,543 |
| 11 | GEICO | $1,575 |
| 12 | Allied | $1,603 |
| 13 | MetLife | $1,606 |
| 14 | The Hartford | $1,639 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,733 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,777 |
| 19 | Travelers | $1,806 |
| 20 | Farmers | $1,946 |
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USAA may offer some of the best car insurance rates in Oakland at around $1,109 each year. This is $542 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide would also make the list of some of the cheaper Oakland, CA car insurance companies.
As shown in the table above, if you currently have coverage with Nationwide and switched to Wawanesa, you might realize savings of around $93. Customers with 21st Century may save as much as $168 a year, and Grange policyholders might see rate reductions of $290 a year.
Understand that those premiums are averages across all ages of drivers and types of vehicles and and are not figured with an exact location for a Toyota Tacoma. So the auto insurance company that fits you best may not even be in the top 24 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
How violations and accidents impact rates
In a perfect world, the best way to snag affordable car insurance premiums in Oakland for a Tacoma is to be a careful driver and avoid getting tickets or having accidents. The information below highlights how speeding tickets and at-fault fender-benders can increase premium costs for different age groups. The data assumes a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of auto insurance in California per year with a clean driving record and no accidents is $1,704. Get written up for two speeding tickets and the average cost rises to $2,411, an increase of $707 each year. Then throw in two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Toyota Tacoma goes up to an average of $5,318. That’s an increase of $3,613, or $301 per month, just for not maintaining a clean driving record!
Liability-only versus full coverage
Paying less for car insurance is the goal of most vehicle owners, and one good way to save on the cost of insurance for a Toyota Tacoma is to not insure for full coverage. The information below shows the comparison of insurance costs with full coverage compared to only the California minimum liability coverage. The data assumes no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.
If averaged for all ages, physical damage insurance costs an extra $2,308 per year more than insuring for liability only. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no specific rule of when to exclude physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your vehicle’s book value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $9,500 after paying your deductible. If it’s costing you more than $950 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
How to find the cheapest insurance for a Toyota Tacoma
Lowering your rates is not difficult, and here are many money-saving suggestions that can help Oakland drivers quote low-cost auto insurance.
- Discounts for being claim-free can be substantial
- Vehicles with good safety ratings are usually cheaper to insure
- Buying home and auto together can help save money
- Save money by obeying traffic laws and keeping a clean driving record
- Avoid having at-fault accidents
- Look for cheaper rates once a year by shopping around
That last piece of advice is particularly valuable, as was noted in this article. Coverage rates in Oakland vary greatly, so drivers shouldn’t be resistant to switch companies if a cheaper price is available. Having a favorite company is fine, but is isn’t recommended if that inflexibility results in costing you hundreds of dollars a year. It only takes a couple minutes to compare prices and find cheaper insurance for a Toyota Tacoma.
The insurance agencies listed below can answer your questions and help you decide which policy is best, since many people would rather have professional advice when buying car insurance for a Toyota Tacoma. It can be complicated to find the best policy on your own, and using a licensed agent can give satisfaction knowing your policy gives you sufficient coverage for your assets.
To find an Oakland insurance agency close to where you live, click the link after the list or click here to compare prices now.
- All Purpose Insurance Agency
5857 MacArthur Blvd – Oakland, CA 94605 – (510) 382-1900 - Farmers Insurance – Mahir Abdul-Haqq
4267 Masterson St – Oakland, CA 94619 – (510) 530-8502 - Farmers Insurance – Margarita Rodriguez
3028 International Blvd – Oakland, CA 94601 – (510) 532-8426