Cheapest Insurance Quotes for a Toyota Tacoma in Oregon

Finding the cheapest coverage for a Toyota Tacoma in Oregon hinges on a complicated rating formula that uses factors such as whether the vehicle is new, the performance level of your vehicle, and if you have tickets or violations. Oregon drivers pay an average rate of $1,120 each year to buy insurance for a Toyota Tacoma, but that cost is an approximation that uses rate data for a 40-year-old single female that includes full coverage and $250 policy deductibles.

The issue with using an average estimated rate is the likelihood you are not 40 and possibly not even female, maybe you are married instead of single, or you need different physical damage deductibles. Making even small differences in rating criteria or coverage limits may result in significant differences in the policy rate.

Everyone has unique insurance needs, and this illustrates why the best way to quote the cheapest insurance price for your Toyota is to shop your policy around at every renewal. Comparing quotes is easy and you will receive prices from the cheapest companies that sell coverage in Oregon.

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The trim level of your Tacoma can impact price, so the cost to insure a Tacoma 2WD trim level will be $62 less than the price to insure the fancier Tacoma Double Cab TRD Sport Package 4WD trim level, as shown in the table below.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate information does not factor in vehicle garaging location which can affect coverage prices noticeably.

Comparing quotes for cost effective insurance is hard enough, and deciding which company quotes the best insurance rates for a Toyota Tacoma will take more quotes for comparison. Each insurance company uses a different method to set premium rates, so we’ll go over the insurance companies with the most affordable rates in Oregon.

It’s important that you understand Oregon insurance rates are determined by lots of factors that may substantially change the cost of your policy. That is why Oregon drivers need to shop around with many companies when trying to find affordable insurance quotes for a Toyota Tacoma. Auto insurance prices are calculated by many risk factors and change substantially, so the best company the last time you shopped your coverage around may now cost much more than other companies.

Best Insurance Companies for Your Tacoma

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Grange normally has some of the most affordable car insurance rates in Oregon at around $715 annually. Country, Oregon Mutual, USAA, and Travelers would also make the list of some of the lowest-priced Oregon auto insurance companies.

As shown above, if you are a policyholder with USAA and switched to Country, you might achieve yearly savings of approxmiately $119. Oregon drivers with Travelers could save as much as $121 a year, and State Farm policyholders might lower prices by $209 a year.

Remember that these premiums are averages for all drivers and vehicles in Oregon and do not factor in a specific rating modification for a Toyota Tacoma. So the insurer that can offer you the lowest price may not even be featured in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

Driving violations and accidents

The recommended way to obtain the cheapest insurance prices in Oregon for a Tacoma is to drive safely and avoid accidents and traffic citations. The chart below demonstrates how traffic citations and accident claims raise car insurance costs for different ages of insureds. The rates are based on a married male driver, full coverage, $250 deductibles, and no additional discounts are factored in.

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The chart shows that the average cost of a car insurance policy in Oregon per year with no accidents and a clean driving record is $1,737. Get written up for two speeding tickets and the average cost swells to $2,396, an increase of $659 each year. Now add one accident along with the two speeding tickets and the yearly cost of insurance for a Toyota Tacoma jumps again to an average of $3,050. That’s an increase of $1,313, or $109 per month, just for being a careless driver!

Full coverage versus liability only rates

Finding the cheapest insurance for a Toyota Tacoma in Oregon should be important to the majority of people, and one way to pay lower rates for insurance is to not buy comprehensive and collision coverage. The chart below illustrates the comparison of car insurance rates when comparing full coverage to liability only. The data is based on no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are applied.

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If averaged out across all ages, physical damage coverage on your policy costs an extra $1,589 per year more than buying just liability insurance. That may make you wonder if buying full coverage is a waste of money. There is no exact rule to stop buying full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s settlement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $4,500 after paying the physical damage deductible. If you are paying over $450 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where eliminating full coverage is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

How to get the cheapest insurance for a Toyota Tacoma in Oregon

The list below summarizes some thrifty solutions that can help you get low-cost coverage.

• Buy vehicles with five-star safety ratings
• Maintain a clean driving record
• Improve your credit
• Try to pay small claims out-of-pocket
• Avoid accidents
• Look for cheaper rates once a year by shopping around

The final tip is especially necessary, as we pointed out in the prior article. Coverage prices adjust often, so don’t be hesitant to switch carriers if you find a cheaper price.

Having a favorite company is fine, but we do not recommend it if that dedication is costing hundreds every year. In just a few minutes you could compare rates and find cheaper auto insurance for a Toyota Tacoma.

Best cheap Toyota Tacoma insurance quotes

There are a variety of different ways to shop for and buy insurance in Oregon, but the most frequently used are through an independent insurance agent, an exclusive agency like Allstate or Auto-Owners, or direct from companies such as Progressive or Geico.

All three ways are similar, but it’s important to point out the distinctions in how they function.

Independent agencies work with multiple companies and can compare coverage rates with each one. These types of agencies are not locked into one company and can give you a larger rate selection, which may give you the best chance of saving money. If prices rise, an independent agent can move your coverage which prevents you from having to find an new insurance agent.

An agent who is captive is able to quote prices with one insurance company such as a State Farm or Liberty Mutual agent. They usually cannot quote prices from more than a single company, so you will not be able to compare other companys’ rates.

The third popular method of shopping for insurance is direct, which means you skip a local agent and buy direct from companies such as Geico or Esurance. Buying direct may be preferred by drivers who do not need high levels of coverage and know what coverages, limits, and deductibles they need.

Which method works best to buy the cheapest insurance for a Toyota Tacoma in Oregon? Most people assume that buying from a direct company results in the cheapest price because you bypass the middleman, but in reality, that is not the case. A valid argument could also be made that going through an independent agent guarantees the best prices since there are more companies to choose from, but again, it’s not a sure thing. In many circumstances, exclusive agencies have coverage prices that cannot be beaten by either independent or direct companies.

Due to the large number of rating factors, really the only way to get rock-bottom rates is to get quotes and compare. If you have the time, get quotes from all three types to have the best rate selection. A great place to start is our list of online companies offering discounts: click here to view.

Is the best company State Farm, Allstate, Progressive, or Geico?

When buying insurance for a Tacoma in Oregon, some of the largest companies to start with are State Farm, Allstate, Progressive, and Geico. When combined, they make up nearly half of all policies written in the United States. The data below ranks price and claims rank as well as some different options that are available for customers.