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How Much is Insurance on a Toyota Tacoma?

Key takeaways:

  • Full coverage costs around $1,338 a year or $112 each month
  • A liability-only policy costs around $536 a year or $45 each month
  • Highest rates are for teenage drivers at around $4,890 a year or $408 each month
  • Good drivers can save as much as $552 a year by earning policy discounts
  • Toyota Tacoma insurance costs around $181 less per year than the average vehicle

Toyota Tacoma insurance rates are $112 per month for full coverage and $45 for liability-only coverage. You can save $552 per year on Toyota Tacoma insurance rates through policy discounts. Continue reading to learn more.

You can start comparing quotes for Toyota Tacoma auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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Toyota Tacoma Insurance Cost

The average Toyota Tacoma auto insurance rates are $1,338 a year or $112 a month.

Are Toyota Tacomas Expensive to Insure?

The chart below details how Toyota Tacoma insurance rates compare to other trucks like the Nissan Frontier, Chevrolet Colorado, and GMC Sierra 3500HD.

Vehicle Comprehensive Collision Liability Total
Toyota Tacoma $308 $500 $372 $1,338
Nissan Frontier $294 $500 $420 $1,394
Chevrolet Colorado $254 $438 $372 $1,222
GMC Sierra 3500HD $376 $656 $420 $1,632
GMC Sierra $336 $594 $372 $1,460
Ford Ranger $254 $470 $372 $1,254
Ford F-150 $322 $470 $372 $1,322
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However, there are a few things you can do to find the cheapest Toyota insurance rates online.

What Impacts the Cost of Toyota Tacoma Insurance?

Even though the average annual rate for the Toyota Tacoma is $1,338, your policy can be higher or lower depending upon your profile. Those factors include your age, home address, driving history, and the model year of your Toyota Tacoma.

Age of the Vehicle

The average Toyota Tacoma auto insurance rates are higher for newer models. For example, auto insurance rates for a 2020 Toyota Tacoma are $1,338, while 2010 Toyota Tacoma rates are $1,112, a difference of $226.

Model Year Comprehensive Collision Liability Total
2020 Toyota Tacoma $308 $500 $372 $1,338
2019 Toyota Tacoma $294 $482 $390 $1,324
2018 Toyota Tacoma $282 $478 $398 $1,316
2017 Toyota Tacoma $272 $466 $416 $1,312
2016 Toyota Tacoma $262 $446 $430 $1,296
2015 Toyota Tacoma $248 $430 $442 $1,278
2014 Toyota Tacoma $238 $400 $452 $1,248
2013 Toyota Tacoma $230 $376 $456 $1,220
2012 Toyota Tacoma $220 $338 $460 $1,176
2011 Toyota Tacoma $206 $310 $460 $1,134
2010 Toyota Tacoma $198 $292 $464 $1,112
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Driver Age

Driver age can have a significant effect on Toyota Tacoma auto insurance rates. For example, 20-year-old drivers pay $1,636 more for their Toyota Tacoma auto insurance each year than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Toyota Tacoma insurance rates. For example, drivers in New York may pay $816 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of Toyota Tacoma auto insurance. Teens and drivers in their 20’s see the highest jump in their Toyota Tacoma auto insurance with violations on their driving record.

Toyota Tacoma Safety Ratings

The Toyota Tacoma’s safety ratings will affect your Toyota Tacoma auto insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Acceptable
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety
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Toyota Tacoma Crash Test Ratings

Poor Toyota Tacoma crash test ratings could mean higher Toyota Tacoma auto insurance rates.

Vehicle Tested Overall Frontal Side Rollover
2019 Toyota Tacoma PU/EC 4WD N/R N/R N/R 4 stars
2019 Toyota Tacoma PU/EC 2WD N/R N/R N/R 4 stars
2019 Toyota Tacoma PU/CC 4WD 4 stars 4 stars 5 stars 4 stars
2019 Toyota Tacoma PU/CC 2WD 4 stars 4 stars 5 stars 4 stars
2018 Toyota Tacoma PU/EC 4WD N/R N/R N/R 4 stars
2018 Toyota Tacoma PU/EC 2WD N/R N/R N/R 4 stars
2018 Toyota Tacoma PU/CC 4WD 4 stars 4 stars 5 stars 4 stars
2018 Toyota Tacoma PU/CC 2WD 4 stars 4 stars 5 stars 4 stars
2017 Toyota Tacoma PU/EC 4WD N/R N/R N/R 4 stars
2017 Toyota Tacoma PU/EC 2WD N/R N/R N/R 4 stars
2017 Toyota Tacoma PU/CC 4WD 4 stars 4 stars 5 stars 4 stars
2017 Toyota Tacoma PU/CC 2WD 4 stars 4 stars 5 stars 4 stars
2016 Toyota Tacoma PU/EC 4WD N/R N/R N/R 4 stars
2016 Toyota Tacoma PU/EC 2WD N/R N/R N/R 4 stars
2016 Toyota Tacoma PU/CC 4WD 4 stars 4 stars 5 stars 4 stars
2016 Toyota Tacoma PU/CC 2WD 4 stars 4 stars 5 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Toyota Tacoma Safety Features

The numerous safety features of the Toyota Tacoma help contribute to lower insurance rates. The 2020 Toyota Tacoma has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag On/Off Switch
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • Front Disc/Rear Drum Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Front Tow Hooks
  • Traction Control
  • Lane Departure Warning

Toyota Tacoma Insurance Loss Probability

The lower percentage means lower Toyota Tacoma auto insurance costs; higher percentages mean higher Toyota Tacoma auto insurance costs. Compare the following Toyota Tacoma auto insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.

Insurance Coverage Category Loss Rate
Collision -21%
Property Damage 9%
Comprehensive -30%
Personal Injury -23%
Medical Payment -24%
Bodily Injury -8%
Source: Insurance Institute for Highway Safety
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Toyota Tacoma Finance and Insurance Cost

If you are financing a Toyota Tacoma, most lenders will require your carry higher Toyota Tacoma coverage options including comprehensive coverage, so be sure to shop around and compare Toyota Tacoma auto insurance rates from the best companies using our FREE tool below.

Ways to Save on Toyota Tacoma Insurance

There are many ways that you can save on Toyota Tacoma auto insurance to get the best value possible. Below are five scenarios you can explore to help keep your Toyota Tacoma auto insurance rates low.

  • Start Searching for New Toyota Tacoma Insurance Rates a Month Before Your Renewal
  • Don’t Skimp On Toyota Tacoma Liability Coverage
  • If You’re a Young Driver Living at Home, Add Yourself to Your Parents’ Plan
  • Wait Six Years for Accidents to Disappear from Your Record
  • Bundle Your Toyota Tacoma Auto Insurance with Home Insurance

Top Toyota Tacoma Insurance Companies

Several insurance companies offer competitive rates for the Toyota Tacoma based on factors like discounts for safety features. Take a look at these top auto insurance companies that are popular with Toyota Tacoma drivers organized by market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Toyota Tacoma Insurance Quotes Online

You can start comparing quotes for Toyota Tacoma auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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