2006 Toyota Tacoma Car Insurance Rates – 10 Tricks for Best Quotes

Purchasing low-cost insurance coverage online may be somewhat intimidating for people that are not comfortable with quoting and comparing rates and buying insurance coverage online. With such a large choice of companies in the marketplace, how can anyone be able to compare all the different companies and get the cheapest available price?

The best way to compare rate quotes is to know the fact most of the larger companies allow for online access to give you rate quotes. The only thing you need to do is give them rating details such as if a SR-22 is needed, if you have a valid license, if the car is leased, and your education level. That rating data is then sent to many different companies and they return cost estimate quickly.

Reduce your insurance rates with these ten discounts

Some insurance providers don’t always advertise the entire discount list in a way that’s easy to find, so the following is a list of a few of the more well known and also the lesser-known discounts that may be available.

• Active Military Service – Being deployed in the military could be rewarded with lower rates.
• Driver Training Discounts – Taking a course that instructs on driving safety can save you 5% or more and easily pay for the cost of the class.
• Fewer Miles Equal More Savings – Driving fewer miles may allow you to get lower insurancerates on the low mileage vehicles.
• Clubs and Organizations – Affiliation with a qualifying organization can get you a small discount on your next insurance statement.
• Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts may be able to save a few bucks on medical payment and PIP coverage.
• Senior Discount – If you qualify as a senior citizen, you can get lower premium rates on Tacoma coverage.
• Paper-free Discount – Certain companies give back up to $50 simply for signing on their website.
• Smart Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
• Sign Early and Save – Select companies give a discount for renewing your policy before your current coverage expires. You could save around 10% when you buy insurance online.
• Student in College – Older children who are attending college and don’t have a car can be insured at a reduced rate.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears you can get free auto insurance, companies wouldn’t make money that way.

The best insurance companies and a selection of discounts include:

• State Farm has discounts for defensive driving training, anti-theft, student away at school, Steer Clear safe driver discount, accident-free, and safe vehicle.
• Progressive policyholders can earn discounts including homeowner, online quote discount, multi-vehicle, online signing, multi-policy, continuous coverage, and good student.
• Travelers may have discounts that include continuous insurance, good student, IntelliDrive, home ownership, and payment discounts.
• American Family may include discounts for early bird, good driver, Steer into Savings, mySafetyValet, air bags, accident-free, and TimeAway discount.
• Liberty Mutual has savings for multi-car, good student, newly married, new graduate, exclusive group savings, and multi-policy.

Before purchasing a policy, check with all companies you are considering how you can save money. Discounts may not apply to policies in your state.

You are unique and your insurance should be too

When choosing adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For example, these questions can help discover whether you may require specific advice.

• Are there companies who specialize in insuring high-risk drivers?
• What are the financial responsibility laws in my state?
• I have health insurance so do I need medical payments coverage?
• How can I find cheaper teen driver insurance?
• Is a new car covered when I drive it off the dealer lot?
• What vehicles should carry emergency assistance coverage?
• Am I covered if my car is in a flood?
• Why am I required to buy liability insurance?
• Is there coverage for injuries to my pets?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form.

Auto insurance coverage information

Understanding the coverages of a auto insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for expenses such as ambulance fees, surgery and doctor visits. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, hitting a deer and a broken windshield. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage will cover damage that occurs to other’s property or people. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for claims such as funeral expenses, attorney fees, bail bonds and legal defense fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Auto collision coverage

Collision coverage covers damage to your Tacoma caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like sustaining damage from a pot hole, hitting a mailbox, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2006 Toyota Tacoma.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.

Find Good Coverage for Less

Insureds who switch companies do it for a number of reasons such as delays in paying claims, an unsatisfactory settlement offer, policy non-renewal or even denial of a claim. No matter why you want to switch, switching companies can be easy and end up saving you some money.

As you go through the steps to switch your coverage, it’s not a good idea to reduce coverage to reduce premium. There are many occasions where someone sacrificed liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy the best coverage you can find at the best possible price while not skimping on critical coverages.

More affordable insurance is possible from both online companies and from local insurance agents, so get free insurance quotes from both of them to have the best selection. Some companies may not have price quotes online and usually these regional carriers only sell through independent agents.

Other information

• Prom Night Tips for Teen Drivers (State Farm)
• Distracted Driving (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Speed and Speed Limit FAQ (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)