Toyota Tacoma Insurance Rates

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UPDATED: Jun 2, 2023

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Toyota Tacoma insurance
Are Tacomas expensive to insure compared to other vehicles? The average Toyota Tacoma insurance rates are $1,338 a year, or $111 a month. Read on to learn more about Toyota Tacoma car insurance rates and what you can do to save.

To start shopping for the cheapest Toyota Tacoma insurance rates in your area, enter your ZIP code in our free tool above.

Estimated auto insurance rates for a Toyota Tacoma are $1,316 annually with full coverage. Comprehensive costs around $282, collision costs $478, and liability coverage is estimated at $398. Liability-only insurance costs approximately $460 a year, with high-risk driver insurance costing around $2,836. Teens pay the most at $4,924 a year or more.

Average premium for full coverage: $1,316

Premium estimates for type of coverage:

Comprehensive $282
Collision $478
Liability $398

Rates are based on $500 deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all U.S. states and for different Tacoma trim levels.

Insurance Price Range by Risk and Coverage

Using a 40-year-old driver as an example, insurance rates for a Toyota Tacoma go from as cheap as $460 for a discount liability-only rate to a much higher rate of $2,836 for a driver required to buy high-risk insurance.

Liability Only $460
Full Coverage $1,316
High Risk $2,836

Insurance Price Range by Location

Living in a larger city has a large influence on insurance rates. Areas with sparse population are statistically proven to have fewer collision claims than cities with more traffic congestion.

The price range example below illustrates how rural and urban location affects auto insurance rates.

Rural Areas $987
Small Cities $1,382
Large Cities $1,777

These rate differences demonstrate why anyone shopping for car insurance should get quotes for a specific zip code and their own personal driving habits, rather than using averaged prices.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Rates by State, City, and Model

The chart below details estimated Toyota Tacoma insurance rates for additional coverage choices and driver risks.

  • The cheapest rate after discounts is $765
  • Choosing higher $1,000 deductibles can save about $174 annually
  • The estimated rate for a 40-year-old good driver using $500 deductibles is $1,316
  • Selecting more expensive low deductibles for comp and collision coverage will cost $1,648
  • Drivers with serious driving violations could pay at least $2,836 or more
  • An auto insurance policy with full coverage for a teenage driver with full coverage can be $4,924 each year

View Chart as Image

Toyota Tacoma insurance cost comparison chart
Column chart showing full coverage Toyota Tacoma insurance rates range from $765 to $4,924

Insurance prices for a Toyota Tacoma also have a wide range based on the model of your Tacoma, your driving record, and deductibles and policy limits.

An older driver with no violations or accidents and high physical damage deductibles may only pay around $1,200 annually on average, or $100 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay as much as $4,900 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out at least $1,600 to $2,100 additional annually, depending on your age. High-risk driver insurance ranges around 43% to 136% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can save as much as $510 a year, while increasing your policy's liability limits will increase prices. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $358 more each year. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Toyota Tacoma insurance rates. A good driver about age 40 could pay as low as $950 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,780 on average in Florida, Michigan, and New York.

Toyota Tacoma Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,190 -$126 -9.6%
Alaska $1,010 -$306 -23.3%
Arizona $1,092 -$224 -17.0%
Arkansas $1,316 -$0 0.0%
California $1,500 $184 14.0%
Colorado $1,256 -$60 -4.6%
Connecticut $1,354 $38 2.9%
Delaware $1,488 $172 13.1%
Florida $1,646 $330 25.1%
Georgia $1,214 -$102 -7.8%
Hawaii $944 -$372 -28.3%
Idaho $890 -$426 -32.4%
Illinois $982 -$334 -25.4%
Indiana $990 -$326 -24.8%
Iowa $888 -$428 -32.5%
Kansas $1,252 -$64 -4.9%
Kentucky $1,796 $480 36.5%
Louisiana $1,946 $630 47.9%
Maine $812 -$504 -38.3%
Maryland $1,084 -$232 -17.6%
Massachusetts $1,054 -$262 -19.9%
Michigan $2,286 $970 73.7%
Minnesota $1,102 -$214 -16.3%
Mississippi $1,578 $262 19.9%
Missouri $1,168 -$148 -11.2%
Montana $1,412 $96 7.3%
Nebraska $1,038 -$278 -21.1%
Nevada $1,578 $262 19.9%
New Hampshire $948 -$368 -28.0%
New Jersey $1,472 $156 11.9%
New Mexico $1,166 -$150 -11.4%
New York $1,386 $70 5.3%
North Carolina $758 -$558 -42.4%
North Dakota $1,076 -$240 -18.2%
Ohio $910 -$406 -30.9%
Oklahoma $1,352 $36 2.7%
Oregon $1,206 -$110 -8.4%
Pennsylvania $1,256 -$60 -4.6%
Rhode Island $1,756 $440 33.4%
South Carolina $1,194 -$122 -9.3%
South Dakota $1,110 -$206 -15.7%
Tennessee $1,152 -$164 -12.5%
Texas $1,586 $270 20.5%
Utah $974 -$342 -26.0%
Vermont $900 -$416 -31.6%
Virginia $786 -$530 -40.3%
Washington $1,018 -$298 -22.6%
West Virginia $1,206 -$110 -8.4%
Wisconsin $910 -$406 -30.9%
Wyoming $1,170 -$146 -11.1%

View Chart as Image

Toyota Tacoma insurance rates by U.S. city

With such a large range in prices, the best way to find out your exact price is to compare prices and see how they stack up. Each auto insurer calculates prices differently, and prices will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

Toyota Tacoma Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Tacoma 2WD $1,278 $107
Toyota Tacoma 4WD $1,244 $104
Toyota Tacoma Double Cab 4WD $1,286 $107
Toyota Tacoma X-Runner 2WD $1,404 $117
Toyota Tacoma Double Cab 4WD $1,328 $111
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,368 $114
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,368 $114

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Toyota Tacoma Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Toyota Tacoma $294 $482 $390 $1,324
2023 Toyota Tacoma $282 $478 $398 $1,316
2022 Toyota Tacoma $272 $466 $416 $1,312
2021 Toyota Tacoma $262 $446 $430 $1,296
2020 Toyota Tacoma $248 $430 $442 $1,278
2019 Toyota Tacoma $238 $400 $452 $1,248
2018 Toyota Tacoma $230 $376 $456 $1,220
2017 Toyota Tacoma $220 $338 $460 $1,176
2016 Toyota Tacoma $206 $310 $460 $1,134
2015 Toyota Tacoma $198 $292 $464 $1,112
2014 Toyota Tacoma $194 $272 $474 $1,098
2013 Toyota Tacoma $180 $252 $474 $1,064
2012 Toyota Tacoma $174 $228 $478 $1,038
2010 Toyota Tacoma $152 $190 $474 $974
2009 Toyota Tacoma $148 $170 $468 $944
2008 Toyota Tacoma $146 $166 $460 $930
2007 Toyota Tacoma $144 $160 $452 $914
2006 Toyota Tacoma $132 $152 $446 $888
2005 Toyota Tacoma $126 $144 $442 $870

Rates are averaged for all Toyota Tacoma models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Buy the Best Cheap Toyota Tacoma Insurance

Finding better rates on auto insurance takes not taking risks behind the wheel, having good credit, being claim-free, and taking advantage of discounts. Set aside time to shop around at every policy renewal by getting quotes from direct companies, and also from local exclusive and independent agents.

The following is a quick review of the data raised in the charts and tables above.

  • Consumers who may need higher liability limits will pay approximately $440 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
  • You may be able to save up to $160 per year simply by shopping early and online
  • Increasing policy deductibles could save up to $500 each year
  • Teens are charged the highest prices, possibly costing $410 per month if they have full coverage

Whether you are buying 2020 Tacoma insurance or insurance for a used Toyota Tacoma, remember that shopping for insurance quotes will help you save. Use our free tool below to find the best Tacoma insurance costs in your area.

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What are the safety ratings of the Toyota Tacoma?

Not only do good safety features and ratings help keep you safe, but they will also help lower your car insurance rates. The Toyota Tacoma has some great safety features. In addition to a multiple airbag system, it has brake assist, traction control, lane departure warning, and more.

The 2020 Toyota Tacoma’s safety ratings from the Insurance Institute of Highway Safety (IIHS) are also good. Take a look at the ratings for various IIHS crash tests below.

  • Small overlap front (driver-side): Good
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

Good is the best rating from the IIHS, so most insurers should provide a small discount for the Toyota Tacoma’s safety features and ratings. If you would like to see how the IIHS tests vehicles, watch the video below to see what these ratings are based on.

Toyota Tacoma Compared Against Other Vehicles in the Same Class

The Toyota Tacoma is a small pickup. The IIHS has rated the Toyota Tacoma’s bodily injury and property damage liability losses as average, which means the Toyota Tacoma’s liability rates should be normal.

To see how the Toyota Tacoma’s insurance rates compare to other small pickups’ insurance rates, take a look at the list of vehicles below.

Are you ready to start shopping for Toyota Tacoma insurance rates? Enter your ZIP code in our free rate comparison tool.

References:

  1. https://www.iihs.org/ratings/vehicle/Toyota/tacoma-extended-cab-pickup/2020

Rates by Driver Age

Toyota Tacoma Insurance Rates by Driver Age
Driver Age Premium
16 $4,924
20 $3,024
30 $1,370
40 $1,316
50 $1,202
60 $1,178

Full coverage, $500 deductibles

Rates by Deductible

Toyota Tacoma Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,648
$250 $1,494
$500 $1,316
$1,000 $1,142

Full coverage, driver age 40

Rates by Liability Limit

Toyota Tacoma Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,316
50/100 $1,448
100/300 $1,547
250/500 $1,806
100 CSL $1,487
300 CSL $1,706
500 CSL $1,866

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Tacoma Insurance Rates for High Risk Drivers
Age Premium
16 $7,012
20 $4,806
30 $2,894
40 $2,836
50 $2,706
60 $2,682

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $180

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $69
Multi-vehicle $68
Homeowner $20
5-yr Accident Free $94
5-yr Claim Free $84
Paid in Full/EFT $59
Advance Quote $64
Online Quote $93
Total Discounts $551
Rate after discounts $765

Discounts are estimated and may not be available from every company or in every state.

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