Want a free price quotes on lower-priced Toyota Tacoma insurance in Irvine? Locating low-cost insurance for your Toyota Tacoma in California can be a lot of work, but you can learn these tips to find lower rates. There are both good and bad ways to find insurance online so you’re going to learn the best way to compare rates for a Toyota and find the best price possible either online or from Irvine insurance agents.
Choosing the most cost-effective auto insurance policy in Irvine is quite easy. If you are insured now or just want cheaper coverage, use these techniques to lower your rates and possibly find even better coverage. Smart shoppers just have to know the proper way to compare price quotes over the internet.
Rate information and statistics
The data table displayed below highlights detailed analysis of insurance prices for Toyota Tacoma models. Being aware of how insurance policy premiums are determined can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $236 | $534 | $534 | $32 | $160 | $1,496 | $125 |
| Tacoma 4WD | $272 | $438 | $534 | $32 | $160 | $1,436 | $120 |
| Tacoma Double Cab 4WD | $272 | $534 | $534 | $32 | $160 | $1,532 | $128 |
| Tacoma X-Runner 2WD | $272 | $628 | $534 | $32 | $160 | $1,626 | $136 |
| Tacoma Double Cab 4WD | $306 | $534 | $534 | $32 | $160 | $1,566 | $131 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $306 | $534 | $534 | $32 | $160 | $1,566 | $131 |
| Tacoma Double Cab TRD Sport Package 4WD | $306 | $534 | $534 | $32 | $160 | $1,566 | $131 |
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in specific Irvine garaging location which can lower or raise coverage prices noticeably.
Insurance premiums by gender
The chart below visualizes the comparison of Toyota Tacoma car insurance costs for male and female drivers. The information is based on no claims or violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no policy discounts are applied.
Does it make sense to buy full coverage?
The example below compares Toyota Tacoma insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no accidents or driving violations, $250 deductibles, marital status is single, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no specific rule of when to eliminate physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Toyota Tacoma replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your deductible. If premium cost is more than $200 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are a few cases where buying only liability insurance is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
Educate yourself about auto insurance coverages
Understanding the coverages of a auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages available from auto insurance companies.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as EMT expenses, doctor visits, chiropractic care, hospital visits and nursing services. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist coverage – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your Toyota Tacoma.
Since a lot of drivers only purchase the least amount of liability that is required (which is 15/30/5), their limits can quickly be used up. So UM/UIM coverage is very important.
Comprehensive coverage – This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things like hitting a bird, falling objects and damage from flooding. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Collision coverage – Collision insurance pays for damage to your Tacoma resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like hitting a mailbox, scraping a guard rail, backing into a parked car and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible on your Tacoma to bring the cost down.
Auto liability – This coverage will cover damage or injury you incur to other’s property or people in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 15/30/5 that means you have $15,000 bodily injury coverage, $30,000 for the entire accident, and $5,000 of coverage for damaged property.
Liability coverage protects against things like structural damage, bail bonds, emergency aid, attorney fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy higher limits if possible. California requires drivers to carry at least 15/30/5 but drivers should carry more liability than the minimum.
The chart below demonstrates why buying the state minimum limits may not provide adequate coverage.
Compare. Compare. Compare.
Throughout this article, we presented quite a bit of information on how to compare Toyota Tacoma insurance car insurance rates in Irvine. The key concept to understand is the more companies you get premium rates for, the better chance you’ll have of finding cheaper Irvine car insurance quotes. You may even discover the most savings is with some of the lesser-known companies. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.
Lower-priced Toyota Tacoma insurance in Irvine can be purchased on the web in addition to many Irvine insurance agents, and you need to comparison shop both to have the best selection. There are still a few companies who may not have price quotes online and usually these regional carriers provide coverage only through independent agencies.
When getting Irvine car insurance quotes online, never buy poor coverage just to save money. There are a lot of situations where an accident victim reduced full coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.
How to find discount Toyota Tacoma insurance in Irvine
If you want to save the most money, the best way to get low-cost car insurance rates in Irvine is to compare quotes once a year from insurance carriers who sell auto insurance in California.
- First, spend some time learning about car insurance and the factors you can control to prevent expensive coverage. Many rating criteria that result in higher rates like speeding tickets, accidents and a low credit score can be remedied by making small lifestyle or driving habit changes.
- Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can quote rates from multiple insurance companies.
- Third, compare the new rates to your current policy to see if you can save by switching companies. If you find a lower rate quote, make sure coverage does not lapse between policies.
- Fourth, provide notification to your current company of your decision to cancel your existing policy and submit any necessary down payment along with the completed application to the new company. Once the application is submitted, keep your new proof of insurance certificate in an easily accessible location.
One important bit of advice is to make sure you’re comparing the same amount of coverage on each quote and to quote with as many companies as feasibly possible. This helps ensure a fair price comparison and and a good selection of different prices.
More learning opportunities
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Who Has Affordable Irvine Auto Insurance Rates for a Chevrolet Equinox? (FAQ)
- Who Has Affordable Auto Insurance Rates for Uninsured Drivers in Irvine? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Understanding Car Crashes Video (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)