Find Affordable Toyota Tacoma Insurance in Minneapolis

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Discount Toyota Tacoma insuranceIf you want to save money, the best way to get low-cost Toyota Tacoma insurance is to regularly compare price quotes from insurance carriers who sell auto insurance in Minneapolis. You can compare prices by following these guidelines.

  • First, read and learn about the coverage provided by your policy and the factors you can control to keep rates in check. Many factors that are responsible for high rates such as traffic tickets, fender benders, and an imperfect credit history can be eliminated by making minor driving habit or lifestyle changes.
  • Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO and State Farm, while agents who are independent can quote prices from many different companies.
  • Third, compare the new rates to the price on your current policy and determine if there is any savings. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
  • Fourth, provide notification to your current company to cancel the current policy. Submit the required down payment along with the signed application to your new carrier. As soon as coverage is bound, keep the new certificate of insurance in your vehicle's glove compartment or console.

One piece of advice is to make sure you enter the same liability limits and deductibles on every quote and and to analyze all possible companies. This ensures a fair price comparison and the best price selection.

It's well known that auto insurance companies don't want you to look for cheaper rates. Insureds who shop for lower rates will presumably buy a new policy because there is a significant possibility of finding a lower-priced company. A recent insurance study revealed that drivers who compared rates regularly saved over $3,450 over four years compared to drivers who never shopped around for lower prices.

If finding the lowest price on Toyota Tacoma insurance is the reason for your visit, then having an understanding of how to find companies and compare insurance coverage can make it easier to shop your coverage around.

Finding and buying the lowest-priced policy in Minneapolis is not as confusing as people think. Basically, every vehicle owner who is looking for cheaper insurance most likely will be able to cut their insurance bill. Although Minnesota drivers must comprehend how companies determine how much to charge because rates are impacted by many factors.

The quickest method to compare car insurance company rates for Toyota Tacoma insurance in Minneapolis is to know the trick most of the larger companies pay for the opportunity to compare their rates. All consumers are required to do is spend a couple of minutes providing details such as if you're married, how much school you completed, whether the vehicles are used for commuting, and how much coverage you want. Those rating factors gets sent immediately to insurance carriers in your area and they respond with quotes almost instantly.

To check Toyota Tacoma insurance prices now, click here and enter your zip code.

The companies shown below are ready to provide price comparisons in Minnesota. To get the best auto insurance in MN, it's highly recommended you click on several of them to get a more complete price comparison.

Minneapolis auto insurance discounts

Insuring your vehicles can cost a lot, but you might already qualify for some discounts that you may not know about. Certain discounts will be triggered automatically when you complete an application, but once in a while a discount must be specially asked for before they will apply. If you check and find you aren't receiving every discount you qualify for, you are just wasting money.Cheaper auto insurance with discounts

  • Safety Course Discount - Participating in a class that teaches safe driver techniques could earn you a small percentage discount and easily pay for the cost of the class.
  • Telematics Devices - Insureds who allow their company to study driving habits by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive may see discounts if they show good driving skills.
  • Student Driver Training - It's a good idea to have your young drivers enroll in driver's education if it's offered in school.
  • Discount for Good Grades - Performing well in school may save as much as 25% on a Minneapolis car insurance quote. Earning this discount can benefit you up until you turn 25.
  • Resident Student - Youth drivers who are enrolled in a college that is more than 100 miles from Minneapolis and leave their car at home could qualify for this discount.

Discounts lower rates, but most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like medical payments or collision. Just because it seems like it's possible to get free car insurance, it just doesn't work that way.

The diagram below shows the difference between Toyota Tacoma insurance premiums with and without discounts. The premiums are based on a male driver, no accidents or driving violations, Minnesota state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, multi-policy, and marriage discounts applied.

A few of the larger companies and the discounts they provide can be found below.

  • Progressive offers discounts including online signing, multi-policy, online quote discount, homeowner, multi-vehicle, and good student.
  • SAFECO may offer discounts for accident prevention training, anti-lock brakes, safe driver, bundle discounts, and drive less.
  • American Family offers discounts for mySafetyValet, multi-vehicle, air bags, accident-free, and TimeAway discount.
  • MetLife policyholders can earn discounts including accident-free, good student, claim-free, multi-policy, good driver, defensive driver
  • GEICO may have discounts that include membership and employees, driver training, good student, emergency military deployment, seat belt use, and anti-theft.
  • The Hartford has savings for vehicle fuel type, bundle, driver training, air bag, anti-theft, and good student.

Before purchasing a policy, check with every prospective company what discounts are available to you. Some of the earlier mentioned discounts might not apply in Minneapolis.

Insurance rate breakdown

The price information displayed next highlights detailed analysis of insurance coverage prices for Toyota Tacoma models. Having knowledge of how insurance policy premiums are determined is important for you to make decisions on the best policy to buy.

Toyota Tacoma Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $158 $306 $326 $20 $98 $908 $76
Tacoma 4WD $182 $252 $326 $20 $98 $878 $73
Tacoma Double Cab 4WD $182 $306 $326 $20 $98 $932 $78
Tacoma X-Runner 2WD $182 $362 $326 $20 $98 $988 $82
Tacoma Double Cab 4WD $204 $306 $326 $20 $98 $954 $80
Tacoma Double Cab TRD Off-Road Package 4WD $204 $306 $326 $20 $98 $954 $80
Tacoma Double Cab TRD Sport Package 4WD $204 $306 $326 $20 $98 $954 $80
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Information does not factor in specific location which can modify coverage rates substantially.

Comparison of policy deductibles

One of the more difficult decisions when buying insurance is how high or low should comp and collision deductibles be. The following tables may help you to understand the differences in price when you buy lower versus higher physical damage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.

Toyota Tacoma insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $214 $414 $318 $18 $94 $1,083 $90
Tacoma 4WD $246 $340 $318 $18 $94 $1,041 $87
Tacoma Double Cab 4WD $246 $414 $318 $18 $94 $1,115 $93
Tacoma X-Runner 2WD $246 $486 $318 $18 $94 $1,187 $99
Tacoma Double Cab 4WD $276 $414 $318 $18 $94 $1,145 $95
Tacoma Double Cab TRD Off-Road Package 4WD $276 $414 $318 $18 $94 $1,145 $95
Tacoma Double Cab TRD Sport Package 4WD $276 $414 $318 $18 $94 $1,145 $95
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Toyota Tacoma insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $174 $334 $318 $18 $94 $938 $78
Tacoma 4WD $200 $274 $318 $18 $94 $904 $75
Tacoma Double Cab 4WD $200 $334 $318 $18 $94 $964 $80
Tacoma X-Runner 2WD $200 $392 $318 $18 $94 $1,022 $85
Tacoma Double Cab 4WD $224 $334 $318 $18 $94 $988 $82
Tacoma Double Cab TRD Off-Road Package 4WD $224 $334 $318 $18 $94 $988 $82
Tacoma Double Cab TRD Sport Package 4WD $224 $334 $318 $18 $94 $988 $82
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in specific zip code location which can modify premiums noticeably.

We can derive from the above data that using a $250 deductible would cost the average driver about $12 more each month or $144 annually than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 21 months between claims, you would probably come out ahead going with the higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $93
Average monthly premium for $500 deductibles (subtract): - $81
Monthly savings from raising deductible: $12
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

The chart below demonstrates how deductibles and can impact Toyota Tacoma annual premium costs for different age groups. The rate quotes are based on a single male driver, comp and collision included, and no other discounts are factored in.

Toyota Tacoma Insurance Rate Factors

The best way to find cheaper car insurance is to take a look at some of the things that go into determining the level of your policy premiums. If you know what controls the rates you pay, this empowers consumers to make smart changes that may reward you with lower rates. Lots of things are used when premium rates are determined. A few of the factors are predictable such as your driving record, but other criteria are not as apparent like your vehicle usage or your commute time.

Vehicle risk impacts costs - The type of car or truck you are buying insurance for makes a big difference in how high your rates are. Smaller low performance passenger models usually are quite affordable to insure, but other factors influence the final cost greatly.

The data below uses these variables: married male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It shows Toyota Tacoma insurance rates compared to other models of vehicles that have different performance rating factors.

No coverage gaps is important - Having an insurance coverage lapse is a quick way to bump up your car insurance costs. Not only will you pay more, not being able to provide proof of insurance could result in fines or a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the Minnesota motor vehicle department.

Safer cars cost less to insure - Vehicles that have high safety ratings can get you lower premiums. The safest vehicles protect occupants better and lower injury rates means less claims paid which can mean better rates for you.

Pay more by driving carelessly - Just one ticket can boost insurance rates twenty percent or more. Drivers who don't get tickets have lower premiums as compared to those with violations. Drivers who have multiple violations like hit and run, DWI or reckless driving convictions may find they need to prove financial responsibility with their state's department of motor vehicles in order to drive a vehicle legally.

The diagram below highlights how speeding tickets and at-fault collisions can influence Toyota Tacoma insurance prices for different age categories. The data assumes a married female driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.

Prevent your car from being stolen - Choosing to buy a car with advanced anti-theft systems can help bring down rates. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder auto theft.

The more you drive the more you pay - Driving a lot of miles annually the more it will cost to insure it. A lot of insurance companies charge to insure your cars determined by how the vehicle is used. Vehicles that sit idle most of the time can get a lower rate than cars that get driven a lot. A policy that improperly rates your Tacoma may be costing you. Make sure your vehicle rating states the proper vehicle usage.

Toyota Tacoma insurance claim data - Companies take into consideration insurance loss statistics for every vehicle to determine a price that will be profitable for them. Models that the data shows to have a trend towards higher claims will have a higher premium rate. The next table shows the insurance loss data for Toyota Tacoma vehicles.

For each type of coverage, the loss probability for all vehicles averaged together is considered to be 100. Numbers shown that are under 100 are indicative of better than average losses, while values that are 100 or greater indicate frequent claims or an increased chance of a larger loss.

Toyota Tacoma Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Tacoma Double Cab 2WD 79 109 70 77 76 92
Toyota Tacoma Double Cab 4WD 82 104 84 64 56 77
Toyota Tacoma Double Cab LWB 2WD 87 108 74 96
Toyota Tacoma Double Cab LWB 4WD 84 104 88 68 57 79
Toyota Tacoma Xtra Cab 2WD 80 105 60 86 75 96
Toyota Tacoma Xtra Cab 4WD 71 90 77 48 51 65
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years