Save on 2002 Toyota Tacoma Insurance Rates

Locating the cheapest insurance for a new or used Toyota Tacoma can turn out to be a painful process, but you can use a few tricks to make it easier. There is a better way to compare auto insurance rates so you’re going to learn the absolute fastest way to price shop coverage for a new or used Toyota and locate the best price possible from local insurance agents and online providers.

You need to do rate comparisons every six months because rates are variable and change quite frequently. Even if you got the best rates for Tacoma insurance on your last policy the chances are good that you can find a lower rate today. You can find a lot of wrong information about auto insurance on the web, but I’m going to show you the best ways to find affordable auto insurance.

Comprehensive Insurance Coverage Comparison

Performing a rate comparison can be exhausting if you aren’t aware of the fastest way to get free quotes. You can waste a few hours (or days) talking to insurance companies in your area, or you could use the web to get the quickest rates.

Many of the larger companies participate in an industry program where prospective buyers complete one form, and each participating company then gives them pricing based on the submitted data. This eliminates the need for quote requests to each individual insurance coverage company.

To compare pricing click here (opens in new window).

The single downside to comparing rates this way is you cannot specify the insurers you want to price. So if you want to select individual companies to receive pricing from, we have a page of the cheapest insurance coverage companies in your area. Click here to view list.

Which method you use is up to you, but compare identical deductibles and coverage limits for every company. If the quotes have unequal deductibles or liability limits it’s not possible to decipher which rate is best.

Take discounts and save

Companies that sell car insurance don’t always advertise all available discounts very clearly, so we researched both well-publicized and the harder-to-find ways to save on insurance. If you’re not getting every credit available, you’re just leaving money on the table.

Passive Restraints – Vehicles equipped with air bags or motorized seat belts may earn rate discounts up to 30%.
Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
Early Switch Discount – Some insurance companies reward drivers for buying a policy before your current policy expires. It’s a savings of about 10%.
Senior Discount – Mature drivers may be able to get better insurance rates for Tacoma insurance.
One Accident Forgiven – A handful of insurance companies permit an accident without raising rates as long as you don’t have any claims for a set time period.
Good Student Discount – Getting good grades can get you a discount of up to 25%. The discount lasts up to age 25.
Multiple Cars – Buying coverage for all your vehicles on the same insurance policy could earn a price break for each car.
Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper since new cars are generally safer.
Student Driver Training – Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
Payment Method – By paying your policy upfront instead of making monthly payments you could save 5% or more.

It’s important to note that most discounts do not apply to the entire policy premium. Most cut individual premiums such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, insurance companies aren’t that generous.

To see a list of companies who offer insurance discounts, click here to view.

Which policy gives me the best coverage?

When it comes to choosing the best insurance coverage coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that could help you determine whether your personal situation could use an agent’s help.

Do I have coverage if my license is suspended?
When does my teenage driver need to be added to my policy?
Does coverage extend to my business vehicle?
Do I need replacement cost coverage?
Can I pay claims out-of-pocket if I buy high deductibles?
I have good health insurance, so how much medical payments coverage do I need?
Do I have coverage when using my vehicle for my home business?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Auto insurance coverages 101

Knowing the specifics of your auto insurance policy can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive coverage

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, falling objects, theft and rock chips in glass. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

This covers damage to your Tacoma from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as damaging your car on a curb, sideswiping another vehicle, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Coverage for liability

This coverage will cover damages or injuries you inflict on a person or their property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as loss of income, repair costs for stationary objects, court costs, attorney fees and medical expenses. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2002 Toyota Tacoma.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like rehabilitation expenses, doctor visits and nursing services. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible