Affordable Quotes for Toyota Tacoma Insurance in Lincoln

Discount Toyota Tacoma insuranceTruthfully, the best way to find cheaper prices for Toyota Tacoma insurance is to annually compare prices from different companies who provide car insurance in Lincoln. Price quotes can be compared by following these steps.

One piece of advice is to use the same liability limits and deductibles on every price quote and and to get prices from every insurance company. This helps ensure a level playing field and the best rate selection.

Sad but true, the vast majority of consumers in Nebraska renewed their policy with the same company for a minimum of four years, and just under half have never even shopped around for lower-cost coverage. American drivers could pocket almost $859 a year by just comparing rate quotes, but they don’t want to take the time to find lower-cost rates by getting comparison quotes.

If you have coverage now or are looking for a new policy, take advantage of these tips to buy cheaper car insurance and possibly find even better coverage. Finding the cheapest car insurance coverage in Lincoln is quite easy. Drivers just have to know the most effective way to compare company rates on the web.

The best way we recommend to compare car insurance company rates for Toyota Tacoma insurance in Lincoln takes advantage of the fact most larger insurance companies pay for the opportunity to provide you with free rate quotes. To get started, all you need to do is spend a couple of minutes providing details such as level of coverage desired, your credit rating estimate, the type of vehicles you drive, and if you are currently licensed. The rating information gets sent immediately to many highly-rated insurers and they return rate quotes quickly.

If you wish to get multiple quotes for your Toyota Tacoma now, click here and enter your zip code.

The companies shown below have been selected to offer free rate quotes in Nebraska. To get the cheapest auto insurance in Lincoln, we suggest you compare several of them to get the best price comparison.

Toyota Tacoma insurance statistics and information

The rate table displayed below highlights detailed analysis of rate quotes for Toyota Tacoma models. Knowing how auto insurance policy rates are determined is important for making informed coverage decisions.

Toyota Tacoma Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $164 $314 $300 $18 $90 $886 $74
Tacoma 4WD $188 $258 $300 $18 $90 $854 $71
Tacoma Double Cab 4WD $188 $314 $300 $18 $90 $910 $76
Tacoma X-Runner 2WD $188 $370 $300 $18 $90 $966 $81
Tacoma Double Cab 4WD $212 $314 $300 $18 $90 $934 $78
Tacoma Double Cab TRD Off-Road Package 4WD $212 $314 $300 $18 $90 $934 $78
Tacoma Double Cab TRD Sport Package 4WD $212 $314 $300 $18 $90 $934 $78
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in vehicle garaging location which can impact price quotes substantially.

Choosing deductibles

One of the most common insurance questions is how high should the deductibles for physical damage be. The comparisons below can help you visualize the differences in premium rates when you buy lower versus higher physical damage deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second price chart uses a $500 deductible.

Toyota Tacoma insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $202 $390 $300 $18 $90 $1,025 $85
Tacoma 4WD $232 $320 $300 $18 $90 $985 $82
Tacoma Double Cab 4WD $232 $390 $300 $18 $90 $1,055 $88
Tacoma X-Runner 2WD $232 $460 $300 $18 $90 $1,125 $94
Tacoma Double Cab 4WD $262 $390 $300 $18 $90 $1,085 $90
Tacoma Double Cab TRD Off-Road Package 4WD $262 $390 $300 $18 $90 $1,085 $90
Tacoma Double Cab TRD Sport Package 4WD $262 $390 $300 $18 $90 $1,085 $90
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Toyota Tacoma insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $164 $314 $300 $18 $90 $886 $74
Tacoma 4WD $188 $258 $300 $18 $90 $854 $71
Tacoma Double Cab 4WD $188 $314 $300 $18 $90 $910 $76
Tacoma X-Runner 2WD $188 $370 $300 $18 $90 $966 $81
Tacoma Double Cab 4WD $212 $314 $300 $18 $90 $934 $78
Tacoma Double Cab TRD Off-Road Package 4WD $212 $314 $300 $18 $90 $934 $78
Tacoma Double Cab TRD Sport Package 4WD $212 $314 $300 $18 $90 $934 $78
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in your specific Lincoln location which can impact prices considerably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $11 more each month or $132 every year averaged for all Tacoma models than choosing the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average more than 23 months between claims, you would more than likely save some money if you elect the higher deductible.

Should you buy full coverage?

The information below illustrates the difference between Toyota Tacoma insurance rates when comparing full coverage to liability only. The data is based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied.

Should you pay for full coverage?

There is no exact rule of when to drop physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s say your Toyota Tacoma replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If you are paying in excess of $300 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Buying the right vehicle insurance in Nebraska is an important decision

Even though Lincoln Tacoma insurance rates can get expensive, paying for car insurance serves an important purpose.

The benefits of buying car insurance definitely exceed the price paid, especially with large liability claims. According to a 2015 survey, the average American driver is currently overpaying as much as $855 a year so it’s recommended you shop around once a year at a minimum to ensure rates are competitive.

Insurance Price Influencing Factors

It’s important that you understand the rating factors that are used to determine the price you pay for auto insurance. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that will entitle you to cheaper rates. Lots of things are part of the equation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but others are less apparent such as whether you are married or how financially stable you are.

Shown below are some of the most common factors utilized by car insurance companies to help set your rate level.

Don’t cut corners with liability coverage – Liability coverage will afford coverage if you are ruled to be at fault for personal injury or accident damage. Liability provides you with a defense in court to attempt to prove you were not liable. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.

Bundle policies to earn discounts – Most larger insurance companies will award a discount to insureds who buy several policies from them. It’s known as a multi-policy discount. This can amount to ten or even fifteen percent. Even with this discount applied, drivers will still want to compare other Lincoln Tacoma insurance rates to verify if the discount is saving money. You may still be able to save even more than the discount by buying insurance from more than one company.

Auto insurance rates and your job – Did you know your career choice can influence rates? Occupations like military personnel, social workers, and miners generally pay higher premiums than the average policyholder because of stressful work requirements and lots of time spent away from family. On the other hand, occupations such as actors, athletes and homemakers have the lowest average rates.

Having a spouse is a good thing – Walking down the aisle can actually save you money on your auto insurance policy. Having a significant other translates into being more mature than a single person and statistics show drivers who are married are more cautious.

Toyota Tacoma insurance loss statistics – Companies analyze the history of losses to calculate a price that will offset losses. Models that the data determines to have a trend towards higher claim severity or frequency will have increased rates.

The table below illustrates the insurance loss data for Toyota Tacoma vehicles. For each type of coverage, the claim probability for all vehicles, as a total average, is set at 100. Percentage numbers below 100 imply a favorable loss record, while values that are above 100 point to more losses or tendency to have higher 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

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Do I just need basic coverages?

When it comes to buying a policy for your personal vehicles, there is no perfect coverage plan. Your situation is unique and your car insurance should unique, too.Higher deductibles save money
Here are some questions about coverages that can aid in determining whether you may require specific advice.

If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.

What is YOUR best insurance company?

We just covered some good ideas how to lower your Toyota Tacoma insurance car insurance rates in Lincoln. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the lowest car insurance rates are with the smaller companies. These smaller insurers can often provide lower premium rates in certain areas compared to the large companies like GEICO and State Farm.

As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. Too many times, drivers have reduced physical damage coverage and learned later that the savings was not a smart move. Your goal is to buy the best coverage you can find at the best price, not the least amount of coverage.

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