The likelihood of finding affordable coverage for a Toyota Tundra in Arkansas is dependent upon a very complex rating algorithm that uses multiple factors like the number of years you have been driving, whether or not you garage your vehicle, and if you have tickets or violations. Arkansas drivers on average pay around $1,200 a year to buy insurance for a Toyota Tundra, but that amount is using a 50-year-old single male that purchased comprehensive and collision coverage and $250 policy deductibles.
Chances are that rate is not what you would pay, because most likely you are not 50 and maybe not even a male, married instead of single, and maybe you have sub-par credit that needs to be factored in. There is no “one size fits all” policy, so your best chance at finding cheap insurance rates for your Toyota is to put in the effort to do a thorough rate comparison.
The specific model of Tundra impacts the cost of coverage, so the rate you will pay to insure a Tundra Regular Cab 2WD will be $250 cheaper than the cost to insure the higher-end Tundra SR/5 Crew Max 4WD trim level, as shown below.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Tundra Regular Cab 2WD | $196 | $374 | $434 | $26 | $130 | $1,160 | $97 |
Tundra SR/5 Double Cab 2WD | $226 | $454 | $434 | $26 | $130 | $1,270 | $106 |
Tundra SR/5 Crew Max 2WD | $226 | $454 | $434 | $26 | $130 | $1,270 | $106 |
Tundra Regular Cab 4WD | $254 | $454 | $434 | $26 | $130 | $1,298 | $108 |
Tundra Double Cab 4WD | $254 | $454 | $434 | $26 | $130 | $1,298 | $108 |
Tundra SR/5 Double Cab 4WD | $254 | $454 | $434 | $26 | $130 | $1,298 | $108 |
Tundra Limited Double Cab 2WD | $254 | $536 | $434 | $26 | $130 | $1,380 | $115 |
Tundra Limited Crew MAX 2WD | $254 | $536 | $434 | $26 | $130 | $1,380 | $115 |
Tundra Limited Crew MAX 4WD | $284 | $536 | $434 | $26 | $130 | $1,410 | $118 |
Tundra SR/5 Crew Max 4WD | $284 | $536 | $434 | $26 | $130 | $1,410 | $118 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Premium costs do not factor in garaging location in Arkansas which can modify premium rates substantially.
Finding the right insurance company can be challenging considering how many companies there are to choose from in Arkansas. The company ratings below can help you analyze which providers you want to consider comparing rate quotes with.
These ratings are for companies with a national presence, so companies without a large exposure are not factored into the list. If you would like to check rates from the most competitive companies in Arkansas, simply click here.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
American Family | 91 | 86 | 95 | 83% | A | 89.7 |
Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
The General | 86 | 93 | 89 | 84% | A- | 88.2 |
GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
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Data Source: Insure.com Best Car Insurance Companies
The information below shows how different deductible levels can increase or decrease annual premium costs when searching for cheap insurance for a Toyota Tundra. The premiums assume a married male driver, comp and collision included, and no discounts are applied to the premium.
As shown above, a 40-year-old driver could cut expenses by $292 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $442 by choosing a $1,000 deductible. Young drivers, like the age 20 example, can save up to $974 each year by selecting a higher deductible.
When increasing deductibles, it is essential to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
In a perfect world, the best way to snag affordable car insurance premiums for a Tundra is to be an attentive driver and avoid traffic citations and accidents. The diagram below illustrates how violations and accident claims influence insurance premiums for different insured age categories. The data assumes a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
The chart shows that the average cost of an auto insurance policy in Arkansas per year with no accidents or violations is $2,306. Factor in two speeding tickets and the average cost increases to $3,195, an increase of $889 each year. Then include two accidents along with the two speeding tickets and the yearly cost of car insurance for a Toyota Tundra jumps again to an average of $6,277. That’s an increase of $3,971, or $331 per month, just for not driving carefully!
It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help you get more affordable coverage.
The last idea is certainly critical, as was discussed in the prior article. Coverage prices vary considerably, so don’t hesitate to change to a new company if a better deal can be had. Sticking with a specific company is fine, but it’s not a good idea if that dedication is costing hundreds of dollars a year. It only take a few minutes to shop around and find cheaper car insurance for a Toyota Tundra.