Are Toyota Tacomas Expensive to Insure? [Everything You Need to Know]

If you want to buy inexpensive Toyota Tacoma insurance coverage then you should know that a policy will cost $112 per month ($1,338 per year) on average. On average, comprehensive coverage costs $326, collision coverage costs $476, and liability coverage costs $378 for Toyota Tacoma insurance.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Oct 27, 2020

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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 don’t need to be complicated. Full coverage for a Toyota Tacoma costs around $1,338 a year or $112 each month. Dive into our comprehensive guide to learn how to save on insurance rates for a Toyota Tacoma.

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

Toyota Tacoma Insurance Cost

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

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Are Toyota Tacomas Expensive to Insure?

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

Vehicle Comprehensive Collision Liability Total
Toyota Tacoma $308 $500 $372 $1,338
Chevrolet Silverado 3500HD $404 $656 $420 $1,660
GMC Canyon $270 $478 $398 $1,304
GMC Sierra $336 $594 $372 $1,460
Ford Ranger $254 $470 $372 $1,254
Toyota Tundra $320 $512 $440 $1,452
GMC Sierra 2500HD $336 $656 $420 $1,592
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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?

The Toyota Tacoma trim and model you choose can impact the total price you will pay for Toyota Tacoma insurance coverage.

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 cost $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 impact on Toyota Tacoma auto insurance rates. As an example, a 40-year-old driver could pay $141 less each month for their Toyota Tacoma auto insurance compared to a 20-year-old driver.

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 car insurance with violations on their driving record.

Toyota Tacoma Safety Ratings

Your Toyota Tacoma auto insurance rates are tied to the Toyota Tacoma’s safety ratings. See the breakdown 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

If the Toyota Tacoma crash test ratings are good, you could have lower Toyota Tacoma car insurance rates. See Toyota Tacoma crash test results below:

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

Most drivers don’t realize that not only do Toyota Tacoma safety features play a vital role in keeping passengers safe in crashes, but they can also help lower Toyota Tacoma auto insurance rates. The Toyota Tacoma’s safety features include:

  • 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

Another contributing factor that plays a direct role in Toyota Tacoma insurance rates is the loss probability for each type of coverage.

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

When 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 car insurance rates from the best companies using our FREE tool below.

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Ways to Save on Toyota Tacoma Insurance

You can save more money on your Toyota Tacoma auto insurance rates by employing any of the following five strategies.

  • Understand that Your Insurer Can Change Your Toyota Tacoma Auto Insurance Rates Mid-Term for Other Reasons
  • Carpool to Work Instead of Driving Your Toyota Tacoma
  • Remove Unnecessary Insurance Once Your Toyota Tacoma is Paid Off
  • Apply for Your Full, Unrestricted License as Soon as You’re Eligible
  • Never Drink and Drive Your Toyota Tacoma

Top Toyota Tacoma Insurance Companies

Who is the top auto insurance company for Toyota Tacoma insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Toyota Tacoma auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Toyota Tacoma offers.

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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Crash Test Safety Ratings

Year Overall Frontal Crash Side Crash Rollover
2015
2014
4
4
5
5
2013
4
4
5
5
2012
1
1
2
2
2011
1
1
2
2

Crash Avoidence Features

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