Who Has Cheap Insurance for a Toyota Tacoma in Wisconsin?

When talking about car insurance, the word “cheap” shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. Excuse the oxymoron, but cheap auto insurance for a Toyota Tacoma can seem impossible to find. But don’t let us ruin your dream, because there may be ways you can still find and buy car insurance that may not be cheap, but it is affordable.

Your chances of finding cheap coverage for a Toyota Tacoma in Wisconsin is contingent on a complex rating formula that takes into consideration things like the number of years of driving experience you have, if you have prior claims, and any prior driving citations you have received. Drivers pay an average rate of $640 every 12 months to insure a Tacoma, but that policy rate is an approximation based on cost data for a 40-year-old single female driver who requires full coverage and $1,000 deductibles.

There is a really good chance that you are not 40 years old and maybe not even female, possibly married instead of single, and there is a good chance that other rated drivers impact the rate. What appears to be a small change in input factors can produce large changes in the cost of insurance.

There is no perfect policy for every driver, so the only real way to find cheap insurance prices for your Toyota is to comparison shop your policy at every renewal or at least every couple of years.

Find Cheaper Toyota Tacoma Insurance

Your Toyota’s trim level tends to impact the cost of coverage, so the rate you will pay to insure a Tacoma 2WD model will be $26 cheaper than the price to insure the more costly Tacoma Double Cab TRD Sport Package 4WD version, as shown by the rates below.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium costs do not factor in vehicle garaging location which can lower or raise prices noticeably.

Determining which company offers the cheapest car insurance rates for a Toyota Tacoma will take a bit more work in order to find a policy that fits your budget.

Every car insurance company has a unique approach for setting rates, so let’s take a look at the most competitive car insurance companies in Wisconsin.

Find Cheaper Auto Insurance for Your Tacoma

Compare Rates and Save

USAA may have some of the lowest car insurance rates in Wisconsin at around $604 each year. Partners Mutual, Erie, Pekin Insurance, and Nationwide also make the cut as some of the cheaper Wisconsin auto insurance companies.

As depicted above, if you are a customer of Pekin Insurance and switched to USAA, you could see an annual savings of in the vicinity of $141. Policyholders with Nationwide might save as much as $148 a year, and Rockford Mutual policyholders might realize rate reductions of up to $150 a year.

It’s important to note that these prices are averages for all insureds and vehicles and are not factoring in a specific rate factor for a Toyota Tacoma. So the auto insurance company that fits your age and vehicle best may not even be featured in the list of companies above. That affirms the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.

Types of discounts on Wisconsin insurance rates

Insurers that offer cheap insurance for a Toyota Tacoma in Wisconsin may also offer discounts that could reduce prices by 40% or more if you can meet the requirements. Popular car insurance companies and a partial list of their discounts are shown below.

• Farm Bureau offers discounts including renewal discount, safe driver, multi-policy, driver training, and multi-vehicle.
• MetLife offers premium reductions for good driver, good student, claim-free, accident-free, multi-policy, defensive driver
• Progressive includes discounts for online signing, multi-vehicle, continuous coverage, multi-policy, good student, online quote discount, and homeowner.
• AAA offers discounts for multi-car, anti-theft, AAA membership discount, pay-in-full, education and occupation, and multi-policy.
• American Family has savings for TimeAway discount, bundled insurance, accident-free, good driver, air bags, mySafetyValet, and defensive driver.
• GEICO may offer discounts for anti-theft, multi-policy, membership and employees, multi-vehicle, emergency military deployment, seat belt use, and good student.
• State Farm policyholders can earn discounts including good student, Steer Clear safe driver discount, anti-theft, safe vehicle, good driver, and driver’s education.

The example below shows the difference between insurance rates with and without discounts applied to the policy premium. The prices are based on a male driver, no violations or claims, Wisconsin state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, safe-driver, homeowner, multiple policy, marriage, and vehicle safety discounts applied. When discounts are factored in, the the average amount saved on car insurance for a Toyota Tacoma is 27% or $361.

Cautious Wisconsin drivers save money

The best way to find cheap insurance for a Toyota Tacoma in Wisconsin is to be a careful driver and not get tickets or have accidents. The information below demonstrates how traffic citations and at-fault collisions can drive up car insurance costs for each different age group. The costs are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

The data charted above shows the average cost of an auto insurance policy per year with no violations or accidents is $1,368. Factor in two speeding tickets and the average cost hikes up to $1,833, an increase of $465 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Toyota Tacoma increases to an average of $3,548. That’s an increase of $2,180, or $182 per month, just for being a less-than-perfect driver!