Buying cheaper insurance for a Toyota Tacoma in Ohio hinges on many rating factors such as your financial responsibility, where you live, and your motor vehicle report. Ohio drivers pay around $775 annually to insure their Tacoma, but that price is an approximation calculated using a 50-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
Most likely you may not be 50 years old (or even male), possibly married instead of single, and maybe you want different deductibles. Having the smallest difference in rating criteria can result in a massive change in rates.
Car insurance coverage is unique to each driver, so this is why the best method for finding affordable rates for your Toyota is to just take the time to compare rates yourself. In just a few minutes you will get price quotes from the best companies that offer coverage in Ohio.
The specific model of Tacoma tends to have a direct impact on the cost of insurance, so the price you will be charged to insure a Tacoma 2WD trim level will be $44 cheaper than the cost to insure the more expensive Tacoma Double Cab TRD Sport Package 4WD version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$168||$364||$256||$16||$76||$880||$73|
|Tacoma X-Runner 2WD||$168||$428||$256||$16||$76||$944||$79|
|Tacoma Double Cab 4WD||$190||$364||$256||$16||$76||$902||$75|
|Tacoma Double Cab TRD Off-Road Package 4WD||$190||$364||$256||$16||$76||$902||$75|
|Tacoma Double Cab TRD Sport Package 4WD||$190||$364||$256||$16||$76||$902||$75|
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price estimates do not factor in specific garaging location which can raise or lower coverage rates noticeably.
Picking the highest-rated auto insurance company can be challenging considering how many different companies insure vehicles in Ohio. The rank data in the lists below could help you choose which car insurance providers you want to consider comparing rate quotes with.
The ratings below are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Ohio business are not included in these rankings. To view rates from these and other companies in Ohio, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Liability only or full coverage
Paying less for auto insurance is probably important to most people, and one of the quickest ways to reduce the cost of insurance for a Toyota Tacoma is to not insure for full coverage. The diagram below compares premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, comp and collision coverage costs an additional $1,297 per year more than just buying liability only. At some point, almost every driver questions if it’s worth it to buy full coverage. There isn’t a steadfast formula of when to exclude comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
Don’t make the mistake of not shopping around
Ohio auto insurance rates are based on many factors which can substantially change the price you have to pay. Improving your credit rating, having a teenage driver, or having an at-fault accident can produce rate changes that may make certain companies much cheaper than others. Not only may things change on your end, but companies amend premium rates at least once a year in order to remain profitable. Larger than normal claims may result in more expensive prices, while a better loss history may cause lower-cost Tacoma insurance rates.
For example, the bar chart below shows a variety of companies that have the cheapest car insurance in Columbus, OH for a 45-year-old female driver with no accidents, a clean driving record, and a high credit rating. When quoting prices based on her current rating profile, Utica National might quote the best car insurance rates in Columbus at $793 per year. This is $247 less than the average premium paid by Ohio drivers of $1,040. Frankenmuth, Erie, Allied, and Travelers are also on the list of the cheapest Columbus, OH auto insurance companies.
Now we will pretend the driver from above a claim, poor credit, and a traffic citation. Since each company has their own unique process for filing rates in each state, analyzing rates may now result in a different ranking of the cheapest companies as shown below.
Cincinnati Insurance now has the cheapest price in Columbus with Merchants Insurance Group, Grange Mutual, Motorists Mutual, and General Casualty now being in the top five. This example illustrates why it is critical to do a thorough rate comparison when trying to find the cheapest car insurance rates for a Toyota Tacoma. Auto insurance prices can be determined by many different factors and change dramatically, so the most affordable company the last time you shopped around may now be quite expensive.
How to find economical insurance for a Toyota Tacoma
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help you find lower-cost coverage.
- Save money by bundling your home and auto policies
- Try to not file small claims
- The safer your car, the less it costs to insure
- Having at-fault accidents will increase rates
- Do not get traffic tickets
- Compare rates regularly to ensure the best deal
The last suggestion is especially significant, as was emphasized in the prior information. Rates in Columbus can change significantly in a year, so drivers shouldn’t be reluctant to switch carriers if a cheaper price is available.
Being loyal to a particular company is commendable, but it isn’t a good idea if that loyalty results in overpaying a considerable chunk of change every month. It only takes a couple minutes to compare rates to find cheaper car insurance for a Toyota Tacoma.
If you prefer to get some professional advice when buying car insurance for a Toyota Tacoma, the insurance agencies below are willing to help you make a decision which policy fits your needs best. To find a Columbus insurance agency near you, click the button below the list or click here to compare price quotes now.
Gary Bepler – State Farm Insurance Agent
3246 Noe Bixby Rd – Columbus, OH 43232 – (614) 837-4379
All Ohio Insurance Agency Inc
180 Northwoods Blvd – Columbus, OH 43235 – (614) 825-0770
Debbie Montgomery – State Farm Insurance Agent
1880 Schrock Rd – Columbus, OH 43229 – (614) 890-2886
Gary Snowden – State Farm Insurance Agent
1369 Georgesville Rd – Columbus, OH 43228 – (614) 272-2300
Jack Gilkerson – State Farm Insurance Agent
4232 E Main St – Whitehall, OH 43213 – (614) 237-4256