Auto Insurance Rate Quotes for a Toyota Tacoma in Lubbock

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Insurance for Toyota TacomaThe best way to get low-cost Toyota Tacoma insurance is to regularly compare prices from insurance carriers in Lubbock. Price quotes can be compared by following these steps.

  1. Take a little time to learn about what is in your policy and the steps you can take to prevent high rates. Many risk factors that are responsible for high rates like getting speeding tickets and a bad credit rating can be rectified by improving your driving habits or financial responsibility.
  2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like Progressive or Allstate, while agents who are independent can provide prices from multiple sources.
  3. Compare the new rate quotes to your current policy premium to see if a cheaper price is available. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
  4. Notify your current company of your decision to cancel the current policy and submit the required down payment along with the signed application for the new policy. Once the paperwork is finalized, put the new certificate verifying proof of insurance in your vehicle's glove compartment or console.

A tip to remember is that you'll want to compare the same level of coverage on each quote and and to look at as many companies as you can. Doing this guarantees a fair rate comparison and the best price selection.

A recent survey discovered that a large majority of drivers have purchased from the same company for well over three years, and approximately 40% of consumers have never quoted insurance rates at all. The average driver in Lubbock could save roughly $1,800 a year, but they just don't want to do a rate comparison.

Auto insurance quotes and discounts

Not too many consumers would say auto insurance is affordable, but there could be significant discounts that many people don't even know exist. Certain discounts will be applied at the time of quoting, but a few must be specifically requested before you will receive the discount.

  • Sign Online - A handful of larger companies may give you up to $50 for completing your application on the internet.
  • Discounts for Federal Employees - Having worked for a branch of the government may qualify for a discount when you quote Lubbock auto insurance with certain companies.
  • Air Bags and Passive Restraints - Vehicles equipped with air bags and/or automatic seat belt systems can get savings of 20 to 30 percent.
  • Defensive Driver Discounts - Completing a course that instructs on driving safety could cut 5% off your bill and make you a better driver.
  • Discount for Low Mileage - Driving fewer miles could qualify for lower auto insurance rates on the low mileage vehicles.
  • Renewal Discounts - Some larger companies provide a discount for switching policies prior to your current Tacoma insurance policy expiration. You can save around 10% with this discount.
  • Military Deployment Discount - Being on active duty in the military could trigger a small discount.
  • Telematics Devices - Lubbock drivers who agree to allow companies to look at their driving habits by using a telematics device like Allstate's Drivewise might see lower rates if they show good driving skills.

A quick disclaimer, most credits do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates adding up those discounts means a free policy, nobody gets a free ride.

The diagram below shows the comparison of Toyota Tacoma premium costs with and without discounts applied to the premium. The prices are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, marriage, multi-policy, and claim-free discounts applied.

If you would like to view insurance companies that provide some of the discounts listed above in Lubbock, click here to view.

How to buy Toyota Tacoma insurance online

When price shopping your coverage, quoting more will increase your chances of finding better pricing. Some companies don't provide Lubbock Tacoma insurance quotes over the internet, so it's important to compare prices from those companies as well.

The car insurance companies shown below are ready to provide free quotes in Texas. If you wish to find the best car insurance in Lubbock, TX, we recommend you visit several of them to get the best price comparison.

Coverage analysis

The rate table displayed next showcases detailed analysis of coverage prices for Toyota Tacoma models. Learning as much as possible about how policy rates are determined can help you make decisions when shopping your coverage around.

Toyota Tacoma Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $274 $670 $496 $30 $148 $1,618 $135
Tacoma 4WD $314 $550 $496 $30 $148 $1,538 $128
Tacoma Double Cab 4WD $314 $670 $496 $30 $148 $1,658 $138
Tacoma X-Runner 2WD $314 $788 $496 $30 $148 $1,776 $148
Tacoma Double Cab 4WD $356 $670 $496 $30 $148 $1,700 $142
Tacoma Double Cab TRD Off-Road Package 4WD $356 $670 $496 $30 $148 $1,700 $142
Tacoma Double Cab TRD Sport Package 4WD $356 $670 $496 $30 $148 $1,700 $142
Get Your Own Custom Quote Go

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific Lubbock garaging location which can decrease or increase coverage rates greatly.

Higher deductibles save money

One of the more difficult decisions when buying car insurance is how high should your deductibles be. The comparisons below may help to illustrate how much more you'll pay when you select higher and lower comp and collision deductibles. The first set of prices uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.

Toyota Tacoma insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $256 $496 $382 $22 $114 $1,295 $108
Tacoma 4WD $294 $408 $382 $22 $114 $1,245 $104
Tacoma Double Cab 4WD $294 $496 $382 $22 $114 $1,333 $111
Tacoma X-Runner 2WD $294 $584 $382 $22 $114 $1,421 $118
Tacoma Double Cab 4WD $332 $496 $382 $22 $114 $1,371 $114
Tacoma Double Cab TRD Off-Road Package 4WD $332 $496 $382 $22 $114 $1,371 $114
Tacoma Double Cab TRD Sport Package 4WD $332 $496 $382 $22 $114 $1,371 $114
Get Your Own Custom Quote Go
Toyota Tacoma insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $158 $312 $382 $22 $114 $988 $82
Tacoma 4WD $182 $256 $382 $22 $114 $956 $80
Tacoma Double Cab 4WD $182 $312 $382 $22 $114 $1,012 $84
Tacoma X-Runner 2WD $182 $368 $382 $22 $114 $1,068 $89
Tacoma Double Cab 4WD $206 $312 $382 $22 $114 $1,036 $86
Tacoma Double Cab TRD Off-Road Package 4WD $206 $312 $382 $22 $114 $1,036 $86
Tacoma Double Cab TRD Sport Package 4WD $206 $312 $382 $22 $114 $1,036 $86
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in specific Lubbock garaging location which can raise or lower auto insurance rates considerably.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $27 more each month or $324 for a full year averaged for all Tacoma models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go more than 28 months between claim filings, you would come out ahead if you elect the higher deductible.

The diagram below illustrates how your choice of deductibles and can change Toyota Tacoma annual premium costs for each age group. The rates are based on a married male driver, full coverage, and no discounts are taken into consideration.

Rate increases following a ticket or accident

The example below illustrates how traffic citations and at-fault accidents drive up Toyota Tacoma auto insurance rates for different age categories. The premiums assume a married male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Premiums by gender and age

The chart below illustrates the comparison of Toyota Tacoma auto insurance rates for male and female drivers. The data assumes no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are factored in.

Rate comparison of full coverage and liability-only

The illustration below illustrates the comparison of Toyota Tacoma insurance costs when comparing full coverage to state minimum liability only. The premium estimates are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are factored in.

Guidelines for eliminating full coverage

There is no definitive formula that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Toyota Tacoma book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after you pay the deductible. If you are paying over $500 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some situations where eliminating full coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Decisions You Make Can Impact Your Insurance Rates

Many things are part of the equation when premium rates are determined. Some factors are common sense like a motor vehicle report, but others are not quite as obvious like your vehicle usage or your commute time. When buying car insurance it's important to understand some of the things that help determine your car insurance rates. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that may reward you with lower car insurance prices.

Safer vehicles lower rates - Vehicles that have high safety ratings are cheaper to insure. Vehicles engineered for safety have better occupant injury protection and fewer serious injuries translates into savings for insurance companies and more competitive rates for policyholders.

Policy add-ons may not be needed - There are a ton of optional add-on coverages that can waste your money on your Tacoma policy. Coverages for replacement cost coverage, towing coverage, and extra equipment coverage may be costing you every month. You may think they are a good idea when talking to your agent, but if you don't need them get rid of them and save.

Vocation and insurance premiums - Did you know your car insurance rates can be affected by your occupation? Careers such as military personnel, business owners, and emergency personnel tend to have higher premiums than the average policyholder because of job stress and incredibly demanding work hours. On the other hand, careers like professors, historians and homemakers pay the least.

The type of car, truck or SUV makes a difference - The performance of the car you drive makes a substantial difference in the rate you pay. The lowest base rates will generally be found on the lowest performance passenger models, but your final cost has many other factors.

The data below is based on a single female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Toyota Tacoma policy rates compared to other models of vehicles that have a range of performance risks.

Bundle policies with the same company - Most larger insurance companies will award a discount for people that have more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, it's still a good idea to compare other company rates to ensure the best deal. It's possible to still find lower rates even if you insure with multiple companies

Annual mileage and car insurance prices - Driving a lot of miles each year the higher your rate. Almost all companies apply a rate based upon how you use the vehicle. Autos that do not get driven very much qualify for better rates than cars that get driven a lot. Make sure your car insurance policy shows the correct usage for each vehicle, because improper ratings can cost you money. An incorrectly rated Tacoma can result in significantly higher rates.

Limits of liability protection - Your policy's liability coverage will afford coverage if a court rules you are at fault for damages caused by your negligence. Your liability coverage provides legal defense coverage to attempt to prove you were not liable. It is affordable coverage as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Insurance losses for a Toyota Tacoma - Companies include the past claim history for a vehicle to calculate a price that will offset losses. Vehicles that the statistics show to have higher loss trends will cost more for specific coverages.

The table below outlines the insurance loss data used by companies for Toyota Tacoma vehicles. For each type of coverage, the claim amount for all vehicles, as an average, is considered to be 100. Values that are below 100 suggest a better than average loss history, while numbers that are greater than 100 point to more claims or an increased likelihood of larger losses.

Insurance Loss Ratings for Toyota Tacoma Vehicles
Vehicle 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

You may need help from an agent

Many people just want to sit down and talk to an agent and there is nothing wrong with that. A good thing about getting online price quotes is that you can obtain cheap insurance quotes and still have a local agent.

To find an agent, once you fill out this simple form, your insurance coverage information is immediately sent to insurance agents in Lubbock that can provide free Lubbock auto insurance quotes for your coverage. It makes it easy because there is no need to contact any insurance agencies as quotes are delivered to you. You can find better rates and a licensed agent to work with. If you have a need to get a price quote from a specific insurance provider, don't hesitate to visit that company's website and fill out their quote form.

Finding the right insurer is decision based upon more than just the quoted price. Ask your prospective agent these questions:

  • Did they already check your driving record and credit reports?
  • Is the agency active in community causes in Lubbock?
  • Are they able to provide referrals?
  • Do they specialize in personal lines coverage in Lubbock?
  • How many companies do they write for?
  • Are all drivers listed on the coverage quote?
  • How would your car be valued if totaled?
  • Is vehicle damage repaired with OEM or aftermarket parts?

When researching a local insurance agency, it can be helpful to understand the different types of agents and how they are slightly different. Insurance agencies are classified as either independent (non-exclusive) or exclusive.

Exclusive Insurance Agents

Exclusive agencies can only quote rates from one company and some examples include Allstate and State Farm. They are unable to give you multiple price quotes so always compare other rates. These agents are well trained on their company's products which helps offset the inability to provide other markets.

Below are Lubbock exclusive insurance agencies who may provide you with comparison quotes.


1314 50th St - Lubbock, TX 79412 - (806) 741-1515 - View Map


6110 Frankford Ave A - Lubbock, TX 79424 - (806) 794-5084 - View Map


3206 34th St - Lubbock, TX 79410 - (806) 791-2892 - View Map

View more Lubbock agents

Independent Agencies or Brokers

Agents that choose to be independent are not locked into one company so as a result can place your coverage amongst many companies and find the cheapest insurance rates. If premiums increase, the business is moved internally which makes it simple for you.

If you need cheaper insurance rates, you definitely need to include price quotes from several independent insurance agents to get the best comparison.

Shown below are independent agencies in Lubbock that can give you price quote information.

Holmes/Bednarz Insurance Agency
5717 66th St #110 - Lubbock, TX 79424 - (806) 748-5453 - View Map


6520 University Ave - Lubbock, TX 79412 - (806) 797-4131 - View Map


7335 82nd St # 4 - Lubbock, TX 79424 - (800) 701-5909 - View Map

View more Lubbock agents

It may be expensive, but it's not optional

Despite the high cost of buying insurance for a Toyota Tacoma in Lubbock, paying for insurance may be required for several reasons.

  • Almost all states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your vehicle has a lienholder, more than likely the lender will require that you carry insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your Toyota at a much higher premium rate and require you to fork over for it.
  • Insurance preserves not only your car but also your assets. It will also provide coverage for hospital and medical expenses incurred in an accident. Liability insurance also pays expenses related to your legal defense in the event you are sued. If damage is caused by hail or an accident, your insurance policy will pay to have it repaired.

The benefits of carrying enough insurance more than offset the price you pay, particularly if you ever have a claim. As of last year, the average driver in Texas is wasting up to $850 per year so you should quote and compare rates at every policy renewal to be sure current rates are still competitive.

The most affordable rates come from being thorough

We covered some good ideas how you can get a better price on Toyota Tacoma insurance in Lubbock. It's most important to understand that the more price quotes you have, the better your comparison will be. You may even discover the best price on auto insurance is with a smaller regional carrier. Some small companies may often insure only within specific states and give better rates than their larger competitors like State Farm, GEICO and Nationwide.

As you quote Lubbock auto insurance, it's not a good idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped physical damage coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy enough coverage for the lowest price, but do not sacrifice coverage to save money.

Much more information about auto insurance in Texas can be found on the following sites: