Buying the best cheap coverage for a Toyota Tacoma hinges on a large number of rating criteria such as how you use your Tacoma, your occupation, and your driving record. Drivers in Oklahoma pay around $1,482 each year to insure their Tacoma, but that cost is an approximation calculated using a 30-year-old married female driver with full physical damage coverage and $100 deductibles.
If we were betting, you’re not a 30-year-old female, you might be single instead of married, or maybe you prefer to not insure for full coverage. Having even a minor difference in the factors used in pricing a policy can result in a massive change in the cost of a policy.
Not everyone needs the same coverages, so the only way to find cheap insurance prices for your Toyota is to just compare rates yourself. Quotes only take a couple of minutes and you will be able to compare rates from top-rated companies that sell coverage in Oklahoma.
Your vehicle’s trim level can impact the cost of insurance, so the rate you pay to insure a Tacoma 2WD will cost $96 less than the insurance cost for the high end Tacoma Double Cab TRD Sport Package 4WD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$374||$684||$458||$28||$136||$1,680||$140|
|Tacoma X-Runner 2WD||$374||$804||$458||$28||$136||$1,800||$150|
|Tacoma Double Cab 4WD||$422||$684||$458||$28||$136||$1,728||$144|
|Tacoma Double Cab TRD Off-Road Package 4WD||$422||$684||$458||$28||$136||$1,728||$144|
|Tacoma Double Cab TRD Sport Package 4WD||$422||$684||$458||$28||$136||$1,728||$144|
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Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price information does not factor in specific location which can modify rates substantially.
Finding reliable, reasonably-priced auto insurance is not always easy, and figuring out which company has the cheapest insurance rates for a Toyota Tacoma requires even more diligence. Every insurance company has their own formula to determine rates, so let’s take a look at the insurance companies with the overall cheapest rates in Oklahoma City.
It’s a good idea to know that Oklahoma City, OK insurance rates are impacted by many things that may substantially change the price of your policy. This price variation is why it is crucial to do a thorough rate comparison to get the lowest auto insurance rates for a Toyota Tacoma. Insurance prices are impacted by many factors and can change without notice, so the cheapest company the last time you compared rates may now be wasting a lot of money.
Lowest Insurance Price Quotes for Your Tacoma
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,190|
|11||OK Farm Bureau||$2,079|
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USAA may have some of the most affordable car insurance rates in Oklahoma City at around $1,161 annually. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto would also make the list of some of the more affordable Oklahoma City, OK car insurance companies.
As shown in the rates above, if you currently have a policy with GEICO and switched to USAA, you could earn annual savings of upwards of $220. Customers with Safe Auto might save as much as $258 a year, and Farmers policyholders might lower prices by $275 a year.
To see how much you can save, click here to get quotes or quote prices from the following companies.
Remember that these prices are averages for all ages of drivers and types of vehicles and and are not figured with a specific location for a Toyota Tacoma. So the company that is best for you may not even be in the top 17 companies in the list above. That points out the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
The chart below demonstrates how deductibles can raise or lower yearly insurance costs when researching cheap insurance for a Toyota Tacoma. The rates are based on a married female driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 30-year-old driver could lower their car insurance rates by $412 a year by increasing from a $100 deductible up to a $500 deductible, or save $620 by choosing a $1,000 deductible. Young drivers, like the 20-year-old, can save as much as $874 every year by selecting a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will be necessary to have plenty of money set aside to enable you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Your cheap Tacoma insurance may actually be overpriced
Oklahoma City, OK insurance rates are calculated based on many things that may substantially change the cost of your policy. Improving your credit score, getting married, or getting a ticket for careless driving can cause premium changes that can make some companies more affordable than before.
Additionally, car insurance companies change rates as often as every quarter to ensure their profitability. Heavier than normal losses may result in rate increases, while better underwriting may cause cheaper Tacoma insurance rates.
To illustrate this point, the graph below shows which companies have the cheapest car insurance in Oklahoma City, OK for a 30-year-old female driver with no prior claims, no tickets, and excellent credit. If we compare prices based on her personal risk profile, USAA offers the cheapest car insurance rates in Oklahoma City at $1,382 per year. This is $585 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are the remaining cheapest Oklahoma City, OK auto insurance companies.
Now we will give the driver from the first rate comparison some claims, poor credit, and an imperfect driving record. Since each auto insurer has a different formula to set their prices, comparing quotes could now result in a substantially altered list of cheap Oklahoma City auto insurance companies as shown below.
State Farm now has the best insurance rate in Oklahoma City, OK with Oklahoma Farmers Union, The Hartford, GEICO, and Liberty Mutual also having competitive pricing. This example demonstrates why consumers need to take the time to take the time to shop around when trying to find the lowest auto insurance rates for a Toyota Tacoma. Prices can be altered by many different factors and change frequently, so the best price three years ago may now be costing you a lot of money.
Ideas for buying economical car insurance for a Toyota Tacoma
Below you’ll find a few penny-pinching suggestions that can help Oklahoma City drivers find cheaper car insurance.
- Do not pay for comprehensive and collision coverage on older vehicles
- Remain accident-free and save
- Maintain a clean driving record
- Higher deductibles mean lower rates
- Buy a safer vehicle
- Maintaining good credit helps earn cheaper rates
- Compare rates often to find the best deal
The last tip is certainly vital, as was emphasized in this piece. Prices charged by companies in Oklahoma City change frequently, so you should be ready to buy a policy from a new company if a cheaper price is available. Brand loyalty is not necessarily bad, but it isn’t a good idea if that devotion results in you overpaying money that could be going to better use. In just a couple of minutes you could compare prices to find cheaper insurance for a Toyota Tacoma.
If you prefer to get some guidance when trying to find the best insurance rates for a Tacoma, the agencies below can aid you in deciding which coverages are best. To locate an Oklahoma City car insurance agency close to where you live, click the button at the bottom.
6401 NW Expressway # 100B – Oklahoma City, OK 73132 – (405) 384-1518
Matt Pryor – State Farm Insurance Agent
2229 NW 138th St d – Oklahoma City, OK 73134 – (405) 749-8100
Dan Ryan Insurance
6300 S Western Ave – Oklahoma City, OK 73139 – (405) 631-6300
Knight’s Insurance Agency
3825 NW 23rd St – Oklahoma City, OK 73107 – (405) 946-0111
Claire Faulkner-Truong – State Farm Insurance Agent
840 NW 50th St – Oklahoma City, OK 73118 – (405) 787-2626