How Much Does Insurance Cost for a Toyota Tacoma in New Jersey?

Buying cheaper car insurance for a Toyota Tacoma in New Jersey is dependent upon a complex formula that considers things such as whether you are a homeower, your claims history, and any prior driving offenses you have. Drivers in New Jersey on average pay approximately $1,250 each year for Tacoma insurance, but that is an estimation assuming a 40-year-old married male driver that has both comprehensive and collision coverage and $500 deductibles.

There is a good chance you are not 40 years old and maybe not even male, you might be single instead of married, and maybe your Tacoma is older and does not require full coverage. Everyone has different rating factors, so the most reliable method for finding the cheapest coverage for your Toyota is to just take the time to compare rates yourself. Quotes only take a few minutes and you will receive rate quotes from the best companies that insure Toyota vehicles in New Jersey.

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Your vehicle’s trim level will influence the yearly cost, so the price you will be charged to insure a Tacoma 2WD will be $70 cheaper than the cost to insure the more well-appointed Tacoma Double Cab TRD Sport Package 4WD trim level, as shown in the chart below.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in your specific New Jersey location which can lower or raise premiums considerably.

Establishing which company has the lowest-priced car insurance rates for a Toyota Tacoma will take a little more sweat in order to find the best price. Each auto insurance company has a different formula to set their prices, so let’s take a look at the car insurance companies with the most affordable rates in New Jersey.

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21st Century has some of the cheapest car insurance rates in New Jersey at around $1,111 annually. Travelers, New Jersey Manufacturers, Penn National, and Palisades also qualify as some of the more affordable New Jersey auto insurance companies.

As shown in the rates above, if you are currently insured with Palisades and switched to Travelers, you could earn yearly savings of roughly $202. Insureds with The Hartford could save as much as $311 a year, and Allstate insureds might reduce rates by $313 a year.

If you would like to find cheap insurance for a Toyota Tacoma in New Jersey, click here to begin a quote or visit any of the low-priced companies below.

Bear in mind that those premium estimates are averages across all drivers and vehicles in New Jersey and are not factoring in a specific rating modification for a Toyota Tacoma. So the auto insurance company that fits you best may not even be in the rate chart shown above. That helps illustrate why you need to get quotes using your own personalized driver profile and vehicle information.

The information below highlights how deductible choice can increase or decrease insurance rates when researching cheap insurance for a Toyota Tacoma. The premiums assume a single female driver, full coverage, and no policy discounts are applied.

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The chart above illustrates that a 40-year-old driver could lower their policy premium by $472 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $716 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could possibly save up to $1,192 annually just by using higher deductibles. When increasing deductibles, it will be necessary to have enough savings set aside to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Violations and accidents raise rates

In a perfect world, the ideal way to enjoy good car insurance premiums for a Tacoma is to drive safely and not receive tickets or have accidents. The illustration below demonstrates how traffic citations and at-fault collisions drive up insurance rates for different age categories. The premiums assume a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

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In the previous chart, the average cost of a car insurance policy in New Jersey per year with no violations or accidents is $3,323. Add in two speeding tickets and the average cost surges to $4,419, an increase of $1,096 each year. Then add in one accident along with the two speeding tickets and the annual cost of car insurance for a Toyota Tacoma increases to an average of $5,506. That’s an increase of $2,183, or $182 per month, just for not being more responsible behind the wheel!

Find cheap insurance for a Toyota Tacoma in New Jersey

Below you’ll find some money-saving suggestions that can help drivers buy cheaper coverage.

• Do not get into accidents
• Increase physical damage deductibles
• Save money by insuring your home and auto with the same company
• Do not file small claims
• Save money by observing traffic laws and speed limits
• Clean up your credit
• Keep rates low by shopping around frequently

The last item on the list is extremely critical, as was discussed in this article. Car insurance prices fluctuate constantly, so don’t be unwilling to switch carriers if a more affordable price is available.

Many consumers stick with the same company and that’s fine, but it’s not a great idea if it’s costing you lots of money. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for a Toyota Tacoma.

Does State Farm, Progressive, Allstate, or Geico have the cheapest car insurance?

When researching insurance for a Tacoma, four of the best places to start are State Farm, Progressive, Allstate, and Geico. If you add them together, they insure over 45% of all auto insurance written. The following table compares some of the different features that are available for policyholders.