Toyota Tundra insurance policy image courtesy of QuoteInspector.com
Buying economical auto insurance for a Toyota Tundra doesn't take a ton of time, but it is dependent upon lots of different rating factors such as your financial responsibility, your occupation, and your motor vehicle report. Drivers pay around $1,206 each year for Tundra insurance, but that cost is a projection using a 40-year-old single female driver with full coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you may not be 40 years old (or even female), possibly married instead of single, or maybe you want more liability coverage than is required by law in Texas. Just a slight change in the factors used in pricing a policy can make a large difference in the price of coverage.
There is no one cookie-cutter policy that works for everyone, so the way we recommend to find the cheapest rates for your Toyota is to just take the time to compare rates yourself.
The specific model of Tundra impacts the yearly cost, so the price to insure a Tundra Regular Cab 2WD will be $194 lower than the insurance cost for the more well-appointed Tundra SR/5 Crew Max 4WD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$152||$290||$560||$34||$168||$1,204||$100|
|Tundra SR/5 Double Cab 2WD||$174||$352||$560||$34||$168||$1,288||$107|
|Tundra SR/5 Crew Max 2WD||$174||$352||$560||$34||$168||$1,288||$107|
|Tundra Regular Cab 4WD||$198||$352||$560||$34||$168||$1,312||$109|
|Tundra Double Cab 4WD||$198||$352||$560||$34||$168||$1,312||$109|
|Tundra SR/5 Double Cab 4WD||$198||$352||$560||$34||$168||$1,312||$109|
|Tundra Limited Double Cab 2WD||$198||$416||$560||$34||$168||$1,376||$115|
|Tundra Limited Crew MAX 2WD||$198||$416||$560||$34||$168||$1,376||$115|
|Tundra Limited Crew MAX 4WD||$220||$416||$560||$34||$168||$1,398||$117|
|Tundra SR/5 Crew Max 4WD||$220||$416||$560||$34||$168||$1,398||$117|
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in specific garaging location which can decrease or increase coverage prices noticeably.
Choosing a highly-rated auto insurance provider can be a challenge considering how many different companies there are to choose from in Texas. The rank data shown next can help you choose which coverage providers to look at when comparing auto insurance rates for a Toyota Tundra.
The rankings below include the companies with a significant amount of written premium nationwide, so smaller regional companies are not factored into these rankings. To check rates from the insurers below and more, click this link.
|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
Full coverage versus liability-only
Saving money on insurance should be important to the majority of drivers, and one of the fastest ways to pay lower rates for insurance for a Toyota Tundra is to not buy full coverage. The illustration below visualizes the comparison of car insurance costs when comparing full coverage to liability only. The rates are based on no claims or driving violations, $500 deductibles, drivers are not married, and no other discounts are factored in.
Averaged for all age groups, full coverage on your policy costs $2,261 per year over having just liability coverage. At some point, every insured wonders when is it safe to stop buying full coverage. There is no definitive guideline for eliminating physical damage coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.
For example, let's assume your vehicle's settlement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $9,500 after you pay the deductible. If you are paying over $950 annually for your policy with full coverage, then it might be time to buy liability only.
There are some scenarios where eliminating full coverage is not recommended. If you haven't paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Get discount San Antonio auto insurance
Insurers that provide policies for a Toyota Tundra may also provide premium discounts that can lower rates by 30% or more if you meet the requirements. A list of companies and a partial list of their discounts are included below.
- Esurance may offer discounts for anti-lock brakes, defensive driver, anti-theft, online shopper, and claim free.
- The Hartford includes discounts for bundle, good student, defensive driver, driver training, and anti-theft.
- AAA policyholders can earn discounts including anti-theft, AAA membership discount, pay-in-full, good driver, and good student.
- GEICO may include discounts for anti-lock brakes, driver training, five-year accident-free, defensive driver, anti-theft, daytime running lights, and air bags.
- State Farm may have discounts that include multiple policy, passive restraint, multiple autos, defensive driving training, Drive Safe & Save, and accident-free.
The example below compares insurance costs with and without discounts applied to the rates. The rate quotes are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, multiple vehicle, vehicle safety, claim-free, accident-free, and safe-driver discounts applied. When discounts are applied, the average savings per year on insurance for a Toyota Tundra is 28% or $511.
A good deal can quickly turn bad
Texas insurance rates are based on many factors that will increase or decrease the cost of your policy. Getting older, moving across town, or getting a reckless driving citation can trigger changes in premium that may make certain companies affordable when they were higher priced. Additionally, car insurance companies file new Texas auto insurance rates at least once a year to ensure their profitability. Significantly higher losses may result in a rate increase, while a better claims history may result in more affordable Tundra insurance rates.
To help illustrate this point, the graph below shows rates for the cheapest car insurance in San Antonio, TX for a 45-year-old male driver with no prior claims, no tickets, and a decent credit rating. If we look at prices based on his personal risk profile, Travelers might offer the cheapest car insurance rates in San Antonio at $1,161 per year. This is $743 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest San Antonio, TX auto insurance companies.
Now we will pretend the driver from the above example a couple of claims, bad credit, and a few blemishes on his driving record. Since each auto insurer has a proprietary formula to determining premium rates, comparing rates may now present a new list of affordable San Antonio car insurance companies as shown below.
Mercury now has the lowest price in San Antonio, TX with State Farm, Nationwide, Safe Auto, and USAA now being in the top five. This shows why it is so important to perform a complete rate comparison to get the best car insurance rates for a Toyota Tundra.
Insurance rates are impacted by many things and change dramatically, so the best option two years ago may now be costing you a lot of money.
How to find budget-friendly car insurance for a Toyota Tundra
Lowering your rates is not difficult, and here are many thrifty solutions that can help Texas drivers quote lower-cost car insurance.
- Higher deductibles save money
- Claim-free drivers earn discounts
- Safer vehicles cost less to insure
- On older vehicles, drop full coverage
- Buying your home and auto policies from the same company can earn a discount
- Improve your credit
- Compare rates regularly and switch companies to save money
The last item on the list is incredibly significant, as was pointed out in this write-up. Prices charged by car insurance companies fluctuate constantly, so don't be afraid to buy a policy from a new company if a cheaper rate is available. Many drivers have brand loyalty and that's fine, but it's not a great idea if your bullheadedness ends up costing you a lot of money every month. Spend a few minutes and shop around to find cheaper insurance for a Toyota Tundra in San Antonio.
If you aren't sure which coverage you need and prefer to have professional advice when comparing insurance rates for a Tundra, the agents shown below can aid you in deciding which car insurance company is the best fit. To locate a San Antonio car insurance agency close to where you live, click the button following the list.
- Donna Vaughn - State Farm Insurance Agent
6722 S Flores St - San Antonio, TX 78221 - (210) 922-8787
- State Farm: Allen Kaufmann
1583 Thousand Oaks - San Antonio, TX 78232 - (210) 496-5616
- Lisa Ybarbo - State Farm Insurance Agent
803 Castroville Rd #128 - San Antonio, TX 78237 - (210) 434-2711
- Mike Smith - State Farm Insurance Agent
14802 Jones Maltsberger Rd #201 - San Antonio, TX 78247 - (210) 251-3657