Toyota Tacoma Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 5, 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.

Average insurance rates for a Toyota Tacoma are $1,316 a year including full coverage. Comprehensive insurance costs an estimated $282, collision costs $478, and liability coverage costs around $398. Buying just liability costs as low as $460 a year, with insurance for high-risk drivers costing $2,836 or more. Teenage drivers receive the highest rates at $4,924 a year or more.

Average premium for full coverage: $1,316

Rate estimates broken down by individual coverage type:

Comprehensive $282
Collision $478
Liability $398

Includes $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for all Tacoma models.

Price Range by Coverage and Risk

For a driver in their 40's, prices range go from as low as $460 for just liability coverage to the much higher price of $2,836 for a driver who requires high-risk insurance.

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

Price Range by Location

Where you live has a large influence on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than densely populated cities.

The example below illustrates how location helps determine insurance prices.

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

These examples highlight why everyone should compare prices for a targeted area and risk profile, rather than using average rates.

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.

Detailed Rate Analysis

The chart below breaks down estimated Toyota Tacoma insurance rates for other coverage scenarios.

  • The best discount rate is $765
  • Using higher $1,000 deductibles will save approximately $174 every year
  • The average rate for a 40-year-old driver who has $500 deductibles is $1,316
  • Using pricier low deductibles for physical damage coverage will cost an extra $332 each year
  • Higher-risk drivers who are prone to accidents and violations could pay up to $2,836 or more
  • The cost for full coverage for a teenage driver for full coverage can cost as much as $4,924 or more

View Chart as Image

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

Auto insurance rates for a Toyota Tacoma can also vary considerably based on your driver profile, the model of your Tacoma, and liability limits and deductibles.

A more mature driver with a good driving record and high deductibles may only pay around $1,200 a year for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay at least $4,900 a year. View Rates by Age

Where you live has a huge impact on Toyota Tacoma insurance rates. A driver around age 40 might see rates as low as $1,010 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,880 on average in Louisiana, New York, and Michigan.

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

Using high physical damage deductibles could cut rates by as much as $510 a year, whereas buying more liability protection will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $358 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying $1,600 to $2,100 in extra premium per year, depending on your age. Toyota Tacoma insurance for high-risk drivers can be around 43% to 136% more than a normal policy. View High Risk Driver Rates

With so much variability in rates, the best way to figure out which company is cheapest is to regularly compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, and quoted rates can be significantly different from one company to the next.

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 Find the Cheapest Toyota Tacoma Insurance

Saving money on auto insurance requires being a low-risk driver, having good credit, not filing small claims, and qualifying for all possible discounts. Invest time comparing rates at every other renewal by getting rate quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

The items below are a recap of the concepts that were covered in the charts and tables above.

  • Drivers that have major violations or accidents may pay on average $1,520 more annually to insure their Tacoma
  • Teen drivers are the costliest to insure, as much as $410 per month if they have full coverage
  • You may be able to save approximately $160 per year simply by quoting online well ahead of the renewal date
  • Increasing deductibles can save around $500 each year
  • You may be able to save approximately $160 per year simply by quoting online well ahead of the renewal date

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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