Cheap Insurance for a Toyota Tundra in New Jersey

When we talk about auto insurance, the word affordable should not appear anywhere in the article as a descriptor for car insurance rates. It’s just a fact that cheap auto insurance for a Toyota Tundra can be difficult to find. Don’t let that spoil your day, because we will show you how you can quote and buy car insurance that you can fit into your budget.

The likelihood of finding the best cheap car insurance for a Toyota Tundra in New Jersey depends on a complex calculation that is influenced by things like if you are single or married, your occupation, and if you had any at-fault accidents in the last few years. New Jersey drivers on average pay around $2,080 each year for Tundra insurance, but that policy rate is using rating data for a 40-year-old single female driver that purchased full coverage and $100 policy deductibles.

There is a high probability that you are not 40 and maybe not even a female, you might be married instead of single, and there is a good chance that you need different coverage limits than the exampe. Just a slight difference in the criteria used to calculate rates can cause significant differences in the cost of a policy.

This illustrates why the only real way to find cheap car insurance rates for your Toyota is to shop around at every renewal for lower rates.

Compare Toyota Tundra Insurance Rates

Your vehicle’s trim level can impact the insurance rate, so the price you pay to insure a Tundra Regular Cab 2WD trim level will be $454 less than the cost to insure the higher-priced Tundra SR/5 Crew Max 4WD trim level, as demonstrated by the prices below.

Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium costs do not factor in specific location which can revise prices significantly.

Selecting the best company can be difficult considering how many different companies sell coverage in New Jersey. The information listed below may help you select which companies to look at purchasing a policy from.

These ratings are for companies that write coverage in many states, so companies that have a smaller presence are not taken into consideration for this list. To check prices from these top-rated insurers and more, click this link.

Cost of full coverage in New Jersey

Finding cheap insurance for a Toyota Tundra in New Jersey should be important to most drivers, and one easy way to pay lower rates for insurance is to not pay for full coverage. The example below visualizes the comparison of insurance costs with and without physical damage coverage. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied.

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Averaged for all ages 20 through 70, physical damage coverage on your policy costs $2,754 per year over having just liability coverage. That proposes the question when is the right time to remove full coverage. There isn’t a written rule to eliminate physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s claim settlement value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $5,500 after paying your policy deductible. If it’s costing in excess of $550 a year for your policy with full coverage, then you may need to consider dropping full coverage.

Geico, Allstate, Progressive, or State Farm: Which is best?

If you are looking for the best insurance for a Tundra, probably the best companies to start with are Geico, Allstate, Progressive, and State Farm. If you combine them together, they insure over 45% of all car insurance policies in America. The next table breaks down ratings and policy coverage options that are available for buyers.

Who has the cheapest Toyota Tundra insurance quotes?

You have many ways to buy auto insurance in New Jersey, but the most prevalent are from an independent insurance agent, an exclusive insurance agent like Liberty Mutual or State Farm, or direct online or over the phone from a company like Geico or Progressive. All three ways are similar, but shoppers should understand the differences in how they provide price quotes.

Independent agents work for many companies and can get rate quotes from every one. These types of agents are not limited to a single company and can give you more rate choices, which may provide you with the best chance of finding a lower price. If they quote lower rates, your policy can be moved and the insured can keep the same agent.

An agent who is captive is only able to quote rates with one company like a State Farm or Farmers agent. These agents are not able to compare rates from other companies, which will not provide a complete price comparison.

Opting to purchase auto insurance direct means you forego either of the other two types of agents and instead shop direct from companies such as Geico or Esurance. Buying auto insurance direct can be good for consumers who do not need high amounts of coverage and know more than average about what auto insurance covers.

So which of those three methods works best for finding cheap insurance for a Toyota Tundra in New Jersey? Our initial answer would be shopping direct results in the best prices since that prevents the need to pay agent commissions, but that is generally not the case. An argument could also be made that an independent agency saves the most money because they can quote many companies, but that is not accurate either. And sometimes, exclusive agencies have price quotes that are impossible to beat.

Because there are so many factors that make up auto insurance rates, the only true way to get the cheapest rates is to get quotes and compare. If you want to save money, get price quotes from all three to have the best selection of rates to choose from. For a list of companies offering online discounts in New Jersey, click here to view.

Find cheap insurance for a Toyota Tundra in New Jersey

The list below details some money-saving ideas that can help New Jersey drivers locate more affordable car insurance.

• Higher deductibles mean lower rates
• Maintain a safe distance and avoid accidents
• Serious violations like DUI or reckless driving can increase rates dramatically
• Pay cheaper rates with good credit scores
• Lower rates by purchasing a safer vehicle
• Look for cheaper rates once a year by shopping around

The last tip in the list is highly necessary, as was discussed in this article. Car insurance prices go up and down frequently, so don’t be hesitant to buy from a new company if a cheaper price is available. We understand brand loyalty, but it’s not recommended if that loyalty ends up costing money that could be used for better things. In just a couple of minutes you could compare rates to find cheaper insurance for a Toyota Tundra.