How Much are Insurance Quotes for a Toyota Tacoma in New York?

When the topic is car insurance, the words cheap or affordable really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. It’s just a fact that cheap auto insurance for a Toyota Tacoma is not always easy to find. Don’t let that ruin your day, because we will tell you how you can quote and buy insurance that you are able to afford.

The chances of finding cheap insurance for a Toyota Tacoma in New York is contingent on a lot of factors such as whether you are a new or experienced driver, whether or not you are currently insured, and driving violations. New York drivers will pay on average $600 per year for Tacoma insurance, but that amount is an approximation based on a 40-year-old married male who purchased both comprehensive and collision coverage and $1,000 deductibles.

Chances are that rate is not what you would pay, because most likely you are not 40 and possibly not even male, single instead of married, and maybe you want higher deductibles. Everyone has unique insurance needs, and this illustrates why the only way to find cheap auto insurance rates for your Toyota is to do a thorough rate comparison. Rate quotes are easy and you will receive prices from the best auto insurance companies that offer coverage in New York.

Compare Rates and Save

Your vehicle’s trim level has an effect on the cost of coverage, so the rate you will pay to insure a Tacoma 2WD trim level will be $30 less than the cost to insure the more costly Tacoma Double Cab TRD Sport Package 4WD trim level, as demonstrated by the prices below.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in your specific New York location which can raise or lower insurance rates noticeably.

Buying coverage from the right insurer is difficult considering how many choices there are in New York. The ranking data shown next can help you decide which car insurance companies you want to consider putting your business with. These rankings are for companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in New York are not taken into consideration for the list.

Top 10 Large Car Insurance Companies in New York Ranked by Value

1. The General
2. Erie Insurance
3. The Hartford
4. Mercury Insurance
5. Farmers Insurance
6. 21st Century
7. Safeco Insurance
8. AAA Insurance
9. State Farm
10. Travelers

Top 10 Large Car Insurance Companies Overall in New York

1. The General
2. Mercury Insurance
3. The Hartford
4. Progressive
5. Travelers
6. State Farm
7. Farmers Insurance
8. Erie Insurance
9. Safeco Insurance
10. USAA

Top Companies for Toyota Tacoma Insurance in New York

Difference between full coverage and liability only rates

Finding cheap insurance for a Toyota Tacoma in New York is the goal of most people, and one of the fastest ways to lower the cost of insurance is to not buy comprehensive and collision coverage. The example below illustrates the comparison of auto insurance rates when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2265,945],[‘Age 30’, 1207,523],[‘Age 40’, 1171,485],[‘Age 50’, 1073,453],[‘Age 60’, 1039,447],[‘Age 70’, 1287,595]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tacoma in New York’,minValue: 0,format: ‘$###,###’},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 out for all age groups, full coverage costs $1,340 per year more than buying just liability insurance. That is a big expense that brings up the question when is the right time to remove full coverage. There is no set rule of when to drop comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

There are a few cases where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

The example below highlights how deductible choice can change annual premium costs when getting quotes for cheap insurance for a Toyota Tacoma. The costs are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2033,1861,1663,1475],[‘Age 30’, 1431,1307,1161,1021],[‘Age 40’, 1411,1291,1151,1017],[‘Age 50’, 1237,1135,1015,899],[‘Age 60’, 1181,1081,965,853],[‘Age 70’, 1259,1155,1035,921]]);var options = {title: ‘Impact of Deductibles on Toyota Tacoma Insurance Rates in New York’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tacoma’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 50-year-old driver could cut expenses by $222 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $338 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, could save as much as $558 or even more just by using higher deductibles. If you do decide to increase your deductibles, it is important to have enough savings to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

State Farm vs Geico vs Progressive vs Allstate

If you want the best insurance for a Tacoma in New York, some of the largest companies to start with are State Farm, Geico, Progressive, and Allstate. They all offer your standard coverages, but each one has unique features and discounts that policyholders can choose from. The next table shows some of the different features that are available for buyers.