Best Cheap Insurance for a Toyota Tundra in Hawaii

Our editors keep telling us that when writing about car insurance, the words “cheap” or “affordable” should never be used anywhere in the article as a descriptor for car insurance rates. Sad but true, cheap car insurance for a Toyota Tundra can be hard to find. Don’t get your dauber down, because we will teach you how you can get car insurance that is cheaper than your current policy.

Your ability to find affordable coverage for a Toyota Tundra in Hawaii is contingent on a calculation that uses factors like if you are married or single, if you are currently insured, and blemishes on your driving record. Drivers in Hawaii on average will pay $970 a year for Tundra insurance, but that price is a ballpark figure that rates a 40-year-old married female driver that purchased both comprehensive and collision coverage and $100 policy deductibles.

But there is a high likelihood that you are not 40 years old and maybe not even female, maybe you are single instead of married, and there is a good chance that there are other drivers on your policy. Have just a small change in rating variables or coverage information can cause large differences in the coverage rate.

Everone’s needs are different, and this illustrates why the only real way to find the most affordable coverage for your Toyota is to comparison shop your policy at each renewal. In just a couple of minutes you will get price quotes from the cheapest companies around.

Insure Your Toyota for Less

The trim level of your Toyota will have an impact the coverage cost, so the cost to insure a Tundra Regular Cab 2WD will be $220 less than the price to insure the more costly Tundra SR/5 Crew Max 4WD trim level, as shown in the table below.

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Table data does not factor in vehicle garaging location which can impact premium rates greatly.

Finding affordable car insurance is challenging, and deciding which insurers offer the cheapest insurance rates for a Toyota Tundra will involve more quotes for comparison.

Each auto insurer uses their own method to determine premium rates, so let’s take a look at the insurance companies that tend to be cheaper in Hawaii. It’s important that readers know that Hawaii insurance rates are impacted by many things that will increase or decrease the policy price. Things like having a birthday, buying a different home, or having an at-fault accident may cause policy rate changes that can cause some rates to be more expensive than competitors.

Best Auto Insurance Prices for Your Tundra

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USAA normally has some of the cheapest car insurance rates in Hawaii at around $936 each year. State Farm, GEICO, Liberty Mutual, and Progressive also qualify as some of the cheapest Hawaii insurance companies.

In the rate table above, if you currently have a policy with Liberty Mutual and switched to State Farm, you could earn yearly savings of in the vicinity of $388. Hawaii drivers with Progressive might save as much as $548 a year, and Allstate insureds might reduce rates by $908 a year.

To get a fast rate comparison, click here to start your free quote or quote prices from the following companies.

It’s important to note that these premiums are averages across all drivers and vehicles and are not factoring in a specific rate factor for a Toyota Tundra. So the company that fits your situation best may not even be shown in the above rate chart. That point stresses why you need to get rate quotes using your own driver and vehicle profiles.

Full coverage rates compared to liability only

Finding the best cheap insurance for a Toyota Tundra in Hawaii should be important to the majority of people, and one of the quickest ways to save on the cost of insurance is to not buy comprehensive and collision coverage. The illustration below compares insurance premiums when comparing full coverage to liability only. The data is based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.

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Averaged for all age groups, physical damage insurance costs $1,697 per year more than just buying liability insurance. That amount may make you wonder if buying full coverage is a waste of money. There is no exact formula of when to eliminate physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after paying your policy deductible. If you are currently paying more than $700 a year for full coverage, then you may need to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Discounts on the best cheap insurance for a Toyota Tundra in Hawaii

Insurance companies that offer coverage for a Toyota Tundra could also offer special discounts that could potentially reduce rates by as much as 40% or more if you are eligible for them. The best insurance companies and a partial list of their discounts are shown below.

• American Family may include discounts for air bags, defensive driver, bundled insurance, good student, good driver, and accident-free.
• State Farm offers discounts for safe vehicle, driver’s education, multiple policy, Steer Clear safe driver discount, defensive driving training, and Drive Safe & Save.
• 21st Century offers premium reductions for automatic seat belts, driver training, early bird, student driver, and teen driver.
• Travelers offers discounts including student away at school, good student, new car, IntelliDrive, multi-policy, and continuous insurance.
• GEICO may offer discounts for good student, air bags, anti-theft, anti-lock brakes, multi-policy, multi-vehicle, and seat belt use.

The chart below illustrates the comparison of insurance costs with and without discounts applied to the rates. The premiums are based on a female driver, no claims or driving citations, Hawaii state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, marriage, claim-free, defensive driving course, passive restraint, and accident-free discounts applied. When drivers take advantage of discounts, the the average yearly reduction on insurance for a Toyota Tundra is 28% or $424.

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