Find Affordable Toyota Tacoma Insurance in Dallas

It’s amazing but over 70% of drivers have bought insurance from the same company for four years or more, and about 40% of consumers have never compared rate quotes at all. Many consumers in Texas could save nearly 70% every year just by shopping around, but they just don’t understand the amount of savings they would get if they moved their coverage to a different company.

It takes a few minutes, but the best way to get budget Toyota Tacoma insurance is to compare quotes annually from insurance carriers in Dallas.

1. Take a few minutes and learn about the coverage provided by your policy and the things you can control to keep rates down. Many things that result in higher rates like getting speeding tickets and an unacceptable credit score can be remedied by improving your driving habits or financial responsibility.
2. Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and State Farm, while agents who are independent can quote rates from multiple companies.
3. Compare the new rate quotes to your existing policy to see if a cheaper rate is available. If you can save money, ensure there is no coverage lapse between policies.

One thing to remember is to try to use the same liability limits and deductibles on every price quote and and to analyze as many companies as feasibly possible. Doing this guarantees a fair price comparison and a complete selection of prices.

Finding the cheapest car insurance coverage in Dallas is actually quite simple. If you already have coverage, you stand a good chance to be able to buy cheaper car insurance using these tips. Smart buyers just need to use the most efficient way to buy car insurance on the web.

How to Lower Your Insurance Rates

One of the most helpful ways to save on car insurance is to to have a grasp of the factors that go into determining the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels.

• Your job and car insurance rates – Did you know your occupation can influence how much you pay for car insurance? Occupations such as doctors, architects, and emergency personnel usually pay higher rates than the rest of us attributed to job stress and lots of time spent at work. On the flip side, jobs such as scientists, engineers and performers have lower than average premiums.

• Expect high rates for teens – Older people are shown to be more cautious, statistically cause fewer accidents, and receive fewer citations. Young drivers are statistically proven to be inattentive and easily distracted when driving with friends so car insurance rates are higher.

  The data below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Drivers with high credit save on car insurance – A driver’s credit score is likely to be a major factor in calculating your premium rate. So if your credit rating is low, you could potentially save money when insuring your Toyota Tacoma by spending a little time repairing your credit. Drivers who have excellent credit tend to file fewer claims than drivers who have lower credit scores.
• Don’t cut corners with liability coverage – The liability section of your policy will afford coverage if you are found to be at fault for personal injury or accident damage. It provides you with a defense in court which can cost a lot. This coverage is very inexpensive compared to physical damage coverage, so do not cut corners here.
• Little extras can really add up – There are quite a few additional coverages that you can buy when buying car insurance. Insurance for things like rental car coverage, death and dismemberment, and motor club memberships are probably not needed. They may seem like a good idea when buying your policy, but now you might not need them so remove them and pocket the money.
• Proper usage rating affects prices – The more you drive each year the higher your rate. Most companies charge to insure your cars based upon how you use the vehicle. Autos that have low annual miles can be on a lower rate level than cars that get driven a lot. Verify your car insurance coverage is rated on the right rating data. An improperly rated Tacoma can cost quite a bit.

• Cautious drivers pay the best premiums – Even a single chargeable violation can increase rates twenty percent or more. Good drivers pay lower auto insurance prices as compared to careless drivers. Drivers with dangerous citations like DUI, reckless driving or excessive speeding may find they need to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to prevent a license revocation.

  The illustration below demonstrates how traffic citations and at-fault accidents increase Toyota Tacoma auto insurance rates for different ages of insureds. The data is based on a single female driver, full coverage, $100 deductibles, and no other discounts are factored in.

• Toyota Tacoma historical loss data – Insurers study historical loss data when determining insurance prices. Models that the data determines to have higher losses will have a higher cost to insure. The data below shows the collected loss data for Toyota Tacoma vehicles.

  For each coverage category, the loss probability for all vehicles, regardless of make or model, equals 100. Percentages below 100 are indicative of better than average losses, while values over 100 indicate a higher chance of having a claim or a tendency for claims to be larger.

  
  

  Insurance Loss Ratings for Toyota Tacoma Vehicles

  Vehicle 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

Insurance rate breakdown

The price information displayed next covers a range of policy rates for Toyota Tacoma models. Learning a little about how policy rates are established can be valuable when making smart policy decisions.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in Dallas location which can impact price quotes considerably.

Higher deductibles lower rates

One common question asked by Dallas drivers is where to set your physical damage deductibles. The figures shown below illustrate the costs and benefits between high and low deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rates do not factor in specific garaging location which can modify rates greatly.

We can estimate from the data above that using a $100 deductible would cost the average driver about $38 more each month or $456 every year than selecting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 24 months between claim filings, you would save more money if you choose a higher deductible.

The example below illustrates how choosing a deductible and can raise or lower Toyota Tacoma insurance costs for different age categories. Data assumes a married male driver, comp and collision included, and no discounts are taken into consideration.

Car insurance rates by age and gender in Dallas

The information below shows the difference between Toyota Tacoma yearly insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Should you buy full coverage?

The diagram below illustrates the comparison of Toyota Tacoma car insurance costs when comparing full coverage to state minimum liability only. Data assumes a clean driving record, no at-fault accidents, $500 deductibles, single status, and no other discounts are factored in.

Should you be buying full coverage?

There is no definitive guideline for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s pretend your Toyota Tacoma replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some cases where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.

Lower rates by qualifying for discounts

Car insurance is easily one of your largest bills, but discounts can save money and there are some available that you may not know about. Many discounts should be triggered when you complete an application, but some discounts are required to be manually applied before you will receive the discount.

• Safety Restraint Discount – Forcing all vehicle occupants to wear their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
• Student Driver Training – Teen drivers should enroll and complete driver’s education as it will make them better drivers and lower rates.
• Buy New and Save – Buying insurance on a new vehicle can be considerably cheaper because new model year vehicles have to meet stringent safety requirements.
• Student in College – College-age children who live away from home at college and do not have access to a covered vehicle may be able to be covered for less.
• Own a Home and Save – Just being a homeowner can save a few bucks since home ownership is proof of financial responsibility.
• Organization Discounts – Belonging to qualifying clubs or civic groups is a simple method to lower premiums when shopping for car insurance.
• Discounts for Responsible Drivers – Accident-free drivers may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
• Policy Bundle Discount – If you can combine your homeowners and auto policy with one insurance company you could save at least 10% off all policies.
• Theft Deterrent – Cars, trucks, and SUVs with anti-theft systems have a lower chance of being stolen and qualify for as much as a 10% discount.

Keep in mind that many deductions do not apply the whole policy. Some only reduce specific coverage prices like medical payments or collision. Even though the math looks like you can get free auto insurance, it’s just not the way it works.

The chart below shows the comparison of Toyota Tacoma annual premium costs with and without policy discounts. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, multi-car, claim-free, and marriage discounts applied.

A list of car insurance companies and the discounts they provide include:

• GEICO policyholders can earn discounts including daytime running lights, seat belt use, multi-vehicle, anti-theft, and five-year accident-free.
• Auto-Owners Insurance discounts include company car, good student, safe vehicle, multi-policy, teen driver, air bags, and safe driver.
• American Family offers discounts including defensive driver, good student, multi-vehicle, mySafetyValet, bundled insurance, Steer into Savings, and accident-free.
• Esurance may offer discounts for Pac-12 alumni, emergency road assistance, multi-car, defensive driver, and good student.
• Progressive has savings for homeowner, online quote discount, good student, online signing, and multi-vehicle.
• State Farm includes discounts for student away at school, good driver, defensive driving training, passive restraint, multiple autos, and anti-theft.
• AAA may have discounts that include good student, AAA membership discount, anti-theft, multi-car, good driver, and multi-policy.

When comparing rates, check with each company or agent which credits you are entitled to. Some discounts listed above may not apply to policyholders everywhere.

Persistent drivers can save

As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice full coverage only to regret that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

Discount Toyota Tacoma insurance in Dallas can be sourced from both online companies in addition to many Dallas insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance companies may not offer the ability to get quotes online and usually these regional carriers only sell coverage through independent agents.

Consumers change insurance companies for any number of reasons including extreme rates for teen drivers, lack of trust in their agent, not issuing a premium refund or denial of a claim. Regardless of your reason for switching companies, choosing a new company is easier than you think.

Even more information can be found in these articles:

• Distracted Driving Extends Beyond Texting (State Farm)
• How Much is Auto Insurance for Handicapped Drivers in Dallas? (FAQ)
• Who Has the Cheapest Dallas Auto Insurance for High Risk Drivers? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for Retired Military in Dallas? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Crash Avoidance Technologies FAQ (iihs.org)
• Side Impact Crash Tests (iihs.org)