How Much Does Insurance Cost for a Toyota Tacoma in Oklahoma?

The odds of finding the best cheap coverage for a Toyota Tacoma in Oklahoma hinges on many different factors such as if you are married or single, the performance level of your vehicle, and driving violations. Oklahoma drivers on average pay approximately $1,200 every 12 months to insure their Tacoma, but that cost is based on rate data for a 40-year-old single male driver with full comprehensive and collision coverage and $1,000 physical damage deductibles.

There’s a high likelihood you are not exactly 40 years old and possibly not even male, married instead of single, or maybe you have a teenager that needs to be on your policy. There is no one cookie-cutter policy that works for everyone, so the most reliable way to find the cheapest rates for your Toyota is to compare as many rates as you can.

Find Cheaper Toyota Tacoma Insurance

Vehicle trim level tends to impact the insurance rate, so the cost to insure a Tacoma 2WD will be $54 cheaper than the insurance cost for the more expensive Tacoma Double Cab TRD Sport Package 4WD model, as shown in the prices below.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in Oklahoma location which can impact premiums substantially.

Shopping around for low-cost car insurance is not always easy, and determining which companies quote the lowest-priced car insurance rates for a Toyota Tacoma involves additional perseverance. Each insurer has a unique approach for determining rates in each state, so let’s begin by taking a look at the car insurance companies with the most affordable rates in Oklahoma.

Keep in mind that Oklahoma car insurance rates are calculated based on many things that will increase or decrease the cost of a policy. Getting older, buying a different vehicle, or getting a few speeding tickets may generate price changes resulting in some companies being higher-priced than before.

Find the Cheapest Auto Insurance for Your Tacoma

Compare Rates and Save

USAA normally has some of the best car insurance rates in Oklahoma at around $1,161 each year. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also are some of the cheapest Oklahoma car insurance companies.

As shown in the rates above, if you currently have a policy with GEICO and switched to Oklahoma Farmers Union, you may realize annual savings of around $192. Policyholders with Safe Auto may save as much as $217 a year, and Farmers policyholders might realize rate reductions of up to $234 a year.

Understand that those policy prices are averaged for all ages of drivers and types of vehicles and are not factoring in a specific rating modification for a Toyota Tacoma. So the car insurance company that can offer the best rates for your situation may not even be included in the rate chart shown above. That emphasizes why you need to compare prices as often as possible using your own specific driver and vehicle information.

Full coverage versus liability-only

Finding cheap insurance for a Toyota Tacoma in Oklahoma should be important to the majority of vehicle owners, and an easy way to save on the cost of insurance is to not pay for full coverage. The information below compares premium costs with liability coverage only compared to full coverage. The premiums assume no violations or claims, $500 deductibles, single marital status, and no policy discounts are applied.

If we average the cost for all age groups, comp and collision coverage costs $2,652 per year more than insuring for liability only. That is a large expense and it proposes the question if buying full coverage is a waste of money. There is no definitive rule for excluding comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after the deductible is paid. If premiums are more than $200 annually to have full coverage, then you might consider buying liability only.

There are some circumstances where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.

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

When comparing rates for insurance for a Tacoma, four of the larger companies to compare rates for are State Farm, Allstate, Geico, and Progressive. When added together, they insure almost 50% of all car insurance policies in America. The data below illustrates price, claims, and customer service ratings, as well as some optional coverages that you can purchase from each one.

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

It is possible to find better rates, and here are some of the recommended penny-pinching suggestions that can help you quote cheaper auto insurance.

• Discounts for being claim-free can be substantial
• Drive vehicles with five-star safety ratings
• Do not get into accidents that are your fault
• Pay cheaper rates with good credit scores
• Save money by observing traffic laws and speed limits
• Shop around for cheaper prices

The last tip in the list is certainly important, as was emphasized in this piece. Insurance prices go up and down frequently, so don’t be afraid to switch companies if you can find a cheaper rate.

Many drivers prefer to stick with one company, but we do not recommend it if it’s costing you a considerable chunk of change every month. It only take a few minutes to compare rates to find cheaper insurance for a Toyota Tacoma.