Compare Toyota Tundra Insurance Quotes in Minneapolis

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Insurance rates Toyota Tundra in MinneapolisNo sane person looks forward to buying insurance, especially knowing they could find better rates elsewhere.

Shocking but true, nearly 70% of customers renewed their policy with the same company for at least four years, and practically 40% of insurance customers have never compared rates with other companies. American drivers could pocket approximately 47% a year by just comparing rate quotes, but they just don't want to go online and compare rates.

Steps to saving on Toyota Tundra insurance in Minneapolis

The preferred way to get low-cost Toyota Tundra insurance in Minneapolis is to compare quotes once a year from insurers that insure vehicles in Minnesota.

  1. Try to learn about how insurance works and the measures you can take to prevent expensive coverage. Many risk factors that increase rates like accidents, traffic tickets, and a bad credit rating can be controlled by making minor driving habit or lifestyle changes. Later in this article we will cover ideas to help prevent expensive coverage and find possible discounts that are available.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from one company like Progressive or Allstate, while agents who are independent can provide prices from many different companies. Get quotes now
  3. Compare the price quotes to the price on your current policy to see if cheaper Tundra coverage is available. If you can save some money and switch companies, make sure there is no coverage gap between policies.
  4. Tell your current company of your intention to cancel your existing policy. Submit the signed application along with the required initial payment for the new policy. Be sure to put the certificate of insurance in an easily accessible location in your vehicle.

The key thing to remember is to make sure you're comparing identical coverage information on each price quote and and to get prices from as many auto insurance providers as possible. This ensures a fair price comparison and the best price selection.

Big companies like GEICO, Progressive and Allstate all promote huge savings with advertising and it is difficult to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

The quickest method to compare insurance rates in your area is to know the trick most of the bigger providers actually pay money for the chance to give you rate quotes. The only thing you need to do is give the companies some data including if the car is leased, how much coverage you want, the type of vehicles you drive, and marital status. Your details is instantly sent to many highly-rated insurers and they return cost estimate instantly.

To get price quotes for your Toyota Tundra now, click here and enter your zip code.

The companies shown below have been selected to offer comparison quotes in Minneapolis, MN. To locate cheap car insurance in Minnesota, we suggest you click on several of them to get a more complete price comparison.

Auto insurance statistics and figures

The premium information displayed next covers estimates of rate quotes for Toyota Tundra models. Having knowledge of how insurance policy rates are formulated can be of help when making informed decisions.

Toyota Tundra Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $150 $282 $406 $24 $122 $984 $82
Tundra SR/5 Double Cab 2WD $172 $344 $406 $24 $122 $1,068 $89
Tundra SR/5 Crew Max 2WD $172 $344 $406 $24 $122 $1,068 $89
Tundra Regular Cab 4WD $194 $344 $406 $24 $122 $1,090 $91
Tundra Double Cab 4WD $194 $344 $406 $24 $122 $1,090 $91
Tundra SR/5 Double Cab 4WD $194 $344 $406 $24 $122 $1,090 $91
Tundra Limited Double Cab 2WD $194 $404 $406 $24 $122 $1,150 $96
Tundra Limited Crew MAX 2WD $194 $404 $406 $24 $122 $1,150 $96
Tundra Limited Crew MAX 4WD $216 $404 $406 $24 $122 $1,172 $98
Tundra SR/5 Crew Max 4WD $216 $404 $406 $24 $122 $1,172 $98
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Information does not factor in specific garaging location which can change prices noticeably.

Raise deductibles and save

One frequently asked question is which deductibles should you choose. The tables below outline the premium difference of buying low and high physical damage deductibles. The first set of rates uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Toyota Tundra insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $214 $340 $358 $22 $108 $1,067 $89
Tundra SR/5 Double Cab 2WD $246 $414 $358 $22 $108 $1,173 $98
Tundra SR/5 Crew Max 2WD $246 $414 $358 $22 $108 $1,173 $98
Tundra Regular Cab 4WD $276 $414 $358 $22 $108 $1,203 $100
Tundra Double Cab 4WD $276 $414 $358 $22 $108 $1,203 $100
Tundra SR/5 Double Cab 4WD $276 $414 $358 $22 $108 $1,203 $100
Tundra Limited Double Cab 2WD $276 $486 $358 $22 $108 $1,275 $106
Tundra Limited Crew MAX 2WD $276 $486 $358 $22 $108 $1,275 $106
Tundra Limited Crew MAX 4WD $308 $486 $358 $22 $108 $1,307 $109
Tundra SR/5 Crew Max 4WD $308 $486 $358 $22 $108 $1,307 $109
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Toyota Tundra insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $132 $214 $358 $22 $108 $834 $70
Tundra SR/5 Double Cab 2WD $152 $260 $358 $22 $108 $900 $75
Tundra SR/5 Crew Max 2WD $152 $260 $358 $22 $108 $900 $75
Tundra Regular Cab 4WD $170 $260 $358 $22 $108 $918 $77
Tundra Double Cab 4WD $170 $260 $358 $22 $108 $918 $77
Tundra SR/5 Double Cab 4WD $170 $260 $358 $22 $108 $918 $77
Tundra Limited Double Cab 2WD $170 $306 $358 $22 $108 $964 $80
Tundra Limited Crew MAX 2WD $170 $306 $358 $22 $108 $964 $80
Tundra Limited Crew MAX 4WD $190 $306 $358 $22 $108 $984 $82
Tundra SR/5 Crew Max 4WD $190 $306 $358 $22 $108 $984 $82
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can impact coverage rates significantly.

Based on the figures above, using a $250 deductible could cost the average driver approximately $24 more each month or $288 each year averaged for all Tundra models than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 31 months between claims, you would probably be better off if you opt for a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $102
Average monthly premium for $1,000 deductibles (subtract): - $78
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

One big caveat is that higher deductibles results in more money out-of-pocket when you have a claim. That will require enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

The illustration below illustrates how your deductible choice and can raise or lower Toyota Tundra insurance prices for different age groups. The data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied.

How accidents and violations affect rates

The example below shows how violations and at-fault fender-benders impact Toyota Tundra insurance rates for each age group. The prices are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

Auto insurance cost for men versus women in Minneapolis

The information below shows the comparison of Toyota Tundra premium costs for male and female drivers. The prices are based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are applied.

Here's why car insurance is not optional

Despite the potentially high cost of Toyota Tundra insurance, paying for car insurance is mandatory in Minnesota but it also protects more than you think.

  • Most states have compulsory liability insurance requirements which means the state requires a specific level of liability insurance coverage in order to be legal. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a lien on your vehicle, almost all lenders will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Toyota at a much higher rate and force you to pay the higher price.
  • Car insurance protects both your vehicle and your personal assets. It will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you cause an accident and are sued. If mother nature or an accident damages your car, your policy will pay to have it repaired.

The benefits of carrying enough insurance more than cancel out the cost, particularly when you have a large claim. But the average American driver is overpaying over $865 each year so compare quotes from several companies at every renewal to make sure the price is not too high.

You are unique and your car insurance should be too

When it comes to the right insurance coverage, there really is not a "best" method to buy coverage. Every insured's situation is different.Safe vehicles cost less to insure

These are some specific questions may help highlight whether you would benefit from an agent's advice.

  • Can I drive in Mexico and have coverage?
  • Should I buy only the required Minnesota minimum liability coverage?
  • Which companies are cheaper for teen drivers?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does medical payments coverage apply to all occupants?
  • What does medical payments cover?
  • Does liability extend to a camper or trailer?
  • Should I file a claim if it's only slightly more than my deductible?
  • How much cheaper are high deductibles?
  • Is my son or daughter covered when driving my car?

If it's difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you don't have a local agent, simply complete this short form. It is quick, free and may give you better protection.

Detailed coverages of your car insurance policy

Knowing the specifics of car insurance can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Collision coverage protection

This coverage pays to fix your vehicle from damage caused by 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 coverage pays for claims like sideswiping another vehicle, sustaining damage from a pot hole, colliding with a tree and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible on your Tundra in order to get cheaper collision rates.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when the "other guys" either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Toyota Tundra.

Since a lot of drivers only carry the minimum required liability limits (30/60/10 in Minnesota), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive protection

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like falling objects, damage from flooding, fire damage, theft and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Liability coverages

Liability coverage provides protection from damages or injuries you inflict on other's property or people in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 30/60/10 which means $30,000 in coverage for each person's injuries, $60,000 for the entire accident, and $10,000 of coverage for damaged property.

Liability coverage protects against claims such as medical services, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible. Minnesota state minimum liability requirements are 30/60/10 but it's recommended drivers buy more liability than the minimum.

The next chart demonstrates why minimum state limits may not provide you with enough coverage.

Medical expense coverage

Coverage for medical payments and/or PIP pay for bills such as doctor visits, hospital visits, nursing services, dental work and pain medications. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Best auto insurance in Minneapolis

Choosing a highly-rated car insurance company can be challenging considering how many companies there are to choose from in Minneapolis. The rank data displayed below could help you pick which companies to look at when comparing rate quotes.

Top 10 Minneapolis Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

One last thing about your coverage

Cheap Toyota Tundra insurance in Minneapolis is possible online as well as from independent agents in Minneapolis, so you should be comparing quotes from both in order to have the best chance of saving money. There are still a few companies who may not offer price quotes online and these small, regional companies only sell coverage through local independent agents.

Consumers who switch companies do it for any number of reasons including questionable increases in premium, delays in responding to claim requests, delays in paying claims and even policy cancellation. It doesn't matter what your reason, switching companies is not as hard as you think.

When searching for low cost Minneapolis auto insurance quotes, it's a bad idea to sacrifice coverage to reduce premiums. Too many times, someone sacrificed collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage at the best price.

How to find cheaper rates for Toyota Tundra insurance in Minneapolis

To save the most money, the best way to get affordable car insurance rates in Minneapolis is to start doing a yearly price comparison from companies in Minnesota.

  1. Take a little time to learn about the coverage provided by your policy and the measures you can control to keep rates down. Many things that result in higher rates like distracted driving and an imperfect credit rating can be improved by making minor changes in your lifestyle.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while agents who are independent can give you price quotes for a wide range of companies. Select a company
  3. Compare the price quotes to your current policy to see if cheaper Tundra coverage is available in Minneapolis. If you find a lower rate and switch companies, make sure coverage does not lapse between policies.

The most important part of this process is that you'll want to compare the same level of coverage on every quote request and to quote with all possible companies. Doing this provides a fair price comparison and a complete selection of prices.

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