Best Cheap Insurance Quotes for a Toyota Tacoma in Florida

Since we’re writing about auto insurance, the word cheap should not appear anywhere in the article to describe car insurance rates. Regardless, cheap auto insurance for a Toyota Tacoma is pretty hard to find. Don’t let that bother you, though, because we are going to show you how you can still get car insurance that is cheaper than what you have now.

The odds of finding the best cheap coverage for a Toyota Tacoma in Florida hinges on lots of different factors such as the age of the Tacoma, if you have a tendancy to file claims, and deductibles for comprehensive and collision coverage. Drivers in Florida on average pay around $1,460 every 12 months for Tacoma insurance, but that rate is an estimation calculated based on a 30-year-old single male driver that has comprehensive and collision coverage and $250 deductibles.

The problem with using this number is the good chance you are not 30 and maybe not even a male, you might be married instead of single, or maybe your Tacoma is old enough that it doesn’t require full coverage. This demonstrates why the best method for finding the cheapest insurance price for your Toyota is to do your own rate comparisons. Compare rate quotes now and you can get prices from top-rated car insurance companies available.

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Your vehicle’s trim level can impact price, so the price you will pay to insure a Tacoma 2WD model will be $94 lower than the cost to insure the more expensive Tacoma Double Cab TRD Sport Package 4WD trim level, as shown in the table below.

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can increase or decrease rates greatly.

Finding dependable, budget car insurance is not easy, and deciding which companies offer the cheapest car insurance rates for a Toyota Tacoma will involve even more perseverance.

Each company has a unique formula for establishing rates, so let’s rank the car insurance companies with the overall best prices in Florida. It’s a good idea to know that Florida car insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Things like having a birthday, buying a home, or getting a few speeding tickets may generate price changes that may make certain companies more expensive than others.

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USAA has some of the cheapest car insurance rates in Florida at around $977 a year. Amica, Electric, Progressive, and Travelers would also be considered some of the best Florida car insurance companies.

As depicted above, if you are currently insured with Electric and switched to USAA, you might achieve a yearly price reduction of around $769. Policyholders with Progressive could save as much as $870 a year, and Travelers policyholders might lower prices by $892 a year.

To get a fast rate comparison, click here to get quotes or click several companies below for low rates.

These premium estimates are averages for all insureds and vehicles and are not factoring in a specific rate factor for a Toyota Tacoma. So the car insurance company that is best for you may not even be included in the above list. That affirms the importance of why you need to get rate quotes using your own specific driver information and vehicle.

Discounts on the best cheap insurance for a Toyota Tacoma in Florida

Car insurance companies that offer quotes for a Toyota Tacoma may also give you price discounts that can reduce rates by 25% or more if you meet the requirements. A list of car insurance companies and a selection of discounts can be read below.

The chart below shows the difference between car insurance rates with and without discounts. The information is based on a male driver, no accidents, no driving violations, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with anti-theft, accident-free, multiple vehicle, claim-free, homeowner, and defensive driving course discounts applied. In this example, the average savings per year on car insurance for a Toyota Tacoma is % or $.

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Full coverage versus liability only rates

Finding the best cheap insurance for a Toyota Tacoma in Florida is probably important to most drivers, and one good way to find cheaper insurance is to buy only liability coverage. The example below visualizes the comparison of premium costs when comparing full coverage to liability only. The premiums are based on no claims or violations, $500 deductibles, single status, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 3683,1477],[‘Age 30’, 1965,809],[‘Age 40’, 1907,749],[‘Age 50’, 1743,701],[‘Age 60’, 1687,689],[‘Age 70’, 2079,921]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tacoma in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged for all ages 20 through 70, full coverage costs an additional $2,177 per year more than just buying liability only. That brings up the question if it’s a good idea to buy full coverage. There is no clear-cut rule of when to phase out physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

There are some conditions where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

How to find low-cost car insurance for a Toyota Tacoma

It’s not impossible to find cheaper rates, and here are some of the recommended penny-pinching solutions that can help Florida drivers quote more affordable coverage.

• The safer your car, the less it costs to insure
• Remain accident-free and save
• Higher physical damage deductibles lower rates
• Good credit scores may make rates cheaper
• Violations and traffic tickets increase rates
• Keep rates low by comparing prices once a year

The last suggestion is particularly significant, as we discussed in the prior information. Car insurance prices can change considerably based on profitability, so drivers shouldn’t be resistant to switch to a new company if a better deal can be had. Many drivers prefer to stick with one company, but it isn’t a good idea if that inflexibility results in costing you money that could be going to better use. Now is a great time to compare rates to find cheaper auto insurance for a Toyota Tacoma.

Cheapest Toyota Tacoma insurance quotes

Thanks to technology, there are a lot of ways to compare car insurance prices in Florida, but the most frequently used are through a non-exclusive or independent agent, an exclusive agency such as Allstate or Liberty Mutual, or direct from companies such as Progressive or Geico. They all have the same end result, but car insurance buyers need to understand the differences in how they give price quotes.

Independent insurance agents can place your business with multiple companies and can provide price quotes from every one. Independent agents are not employed by one specific company and can give you more rates, which can give you a better chance of finding cheaper coverage. If your premiums go up, they simply move the coverage in-house and you don’t have to switch agencies.

A captive, or exclusive, agent is usually just provide rates from just one company, for example a Farmers or Allstate agent. Exclusive agents generally are unable to place coverage with different providers, which does not give you the best rate comparison.

Buying car insurance direct means you skip either of the other two types of agents and instead shop direct from companies such as Esurance or Geico. Buying direct may be good for families who do not have a lot of assets and have some degree of understanding of what specific coverages they need.

What is the best method to find the best cheap insurance for a Toyota Tacoma in Florida? The majority of car insurance shoppers assume that buying from a direct company saves money since that eliminates agent commissions, but in reality, that is not true. And we’d like to say using an independent agent can save the most money since they have more companies to choose from, but that assumption is not true either. In a lot of cases, the exclusive agents have very competitive rates that cannot be beaten by either independent or direct companies.

Because there is so much variation in car insurance prices, the best method to ensure you are not overpaying is to get quotes and compare the rates. Experts recommend getting price quotes from all three to give yourself enough choices. For a list of companies offering online discounts in Florida, click here to view.