Finding the cheapest car insurance for a Toyota Tacoma in New Jersey is pretty easy for most people to do, but it is dependent upon a complicated formula that considers factors such as how you use your vehicle, if you have prior claims, and any past driving violations you may have had. Drivers in New Jersey pay around $1,245 each year to insure their Tacoma, but that is calculated using a 40-year-old married male driver with full comprehensive and collision coverage and $500 deductibles.
When making auto insurance estimates, the issue arises that you are not 40 and maybe not even a male, possibly single instead of married, or you just want cheap liability insurance instead of full coverage. Having just a slight change in the criteria used to calculate rates can result in a large change in rates.
There is no perfect policy for every driver, so the only real way to find cheap insurance prices for your Toyota is to just take the time to compare rates yourself.
Find Cheaper Toyota Tacoma Insurance
The trim level of your vehicle will have an impact the coverage cost, so the cost to insure a Tacoma 2WD will be $70 less expensive the insurance cost for the more costly Tacoma Double Cab TRD Sport Package 4WD version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $240 | $464 | $496 | $30 | $148 | $1,378 | $115 |
| Tacoma 4WD | $274 | $382 | $496 | $30 | $148 | $1,330 | $111 |
| Tacoma Double Cab 4WD | $274 | $464 | $496 | $30 | $148 | $1,412 | $118 |
| Tacoma X-Runner 2WD | $274 | $548 | $496 | $30 | $148 | $1,496 | $125 |
| Tacoma Double Cab 4WD | $310 | $464 | $496 | $30 | $148 | $1,448 | $121 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $310 | $464 | $496 | $30 | $148 | $1,448 | $121 |
| Tacoma Double Cab TRD Sport Package 4WD | $310 | $464 | $496 | $30 | $148 | $1,448 | $121 |
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Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease rates noticeably.
Comparing quotes for cost effective insurance is tough enough, and determining which insurers offer the lowest-priced car insurance rates for a Toyota Tacoma involves even more work.
Every car insurance company uses their own calculation to set policy rates, so let’s take a look at the car insurance companies with the overall best prices in Jersey City, NJ. It’s important that readers know that New Jersey car insurance rates are influenced by many factors which can substantially decrease or increase the cost of a policy. Events like a birthday, buying a different vehicle, or getting a reckless driving citation can produce rate changes that can cause some rates to be more expensive than competitors.
Best Auto Insurance Prices for Your Tacoma
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21st Century has some of the cheapest car insurance rates in Jersey City at around $1,078 annually. Travelers, New Jersey Manufacturers, Palisades, and Penn National also make the cut as some of the lowest-priced Jersey City, NJ car insurance companies.
As depicted above, if you currently have a policy with Travelers and switched to 21st Century, you might see annual savings of roughly $102. Insureds with New Jersey Manufacturers may save as much as $232 a year, and Palisades insureds might reduce rates by $263 a year.
Understand that those policy prices are averaged for all drivers and vehicles in New Jersey and and are not figured with a specific vehicle garaging location for a Toyota Tacoma. So the insurer that has the cheapest price for you may not even be in the top 19 companies shown above. That emphasizes why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The diagram below highlights how deductible choice can affect yearly insurance costs when quoting cheap insurance for a Toyota Tacoma. The premiums are based on a married female driver, full coverage, and no policy discounts are applied.
A 40-year-old driver could save $406 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $618 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices $1,012 annually by choosing a higher deductible.
When increasing deductibles, it will now be necessary to have plenty of discretionary funds to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Your cheap Tacoma insurance may actually be overpriced
Jersey City, NJ car insurance rates are influenced by many factors which can substantially decrease or increase the cost of your policy. Simply having a birthday, having a claim, or getting a driving violation may generate price changes resulting in some companies being more affordable than others. In addition to those changes, insurers amend pricing as often as every three months to adjust for unexpected claims or profits. Unexpectedly high claims can cause higher priced premiums, while a lower level of claims may produce lower-priced Tacoma insurance rates.
To illustrate this point, the chart below demonstrates which company has the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with no accidents, a clean driving record, and good credit. When comparing rates based on her current risk factors, 21st Century may have the best car insurance rates in Jersey City at $1,540 per year. This is $312 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are also on the list of the best Jersey City, NJ auto insurance companies.
Now let’s give the driver from the first example an accident claim, bad credit, and a few blemishes on her driving record. Because every insurance company has a proprietary method to establish rates, comparing quotes may now result in a substantially altered list of companies as shown below.
Allstate now has the cheapest insurance rate in Jersey City, NJ with California Casualty, USAA, Travelers, and Mercury now rounding out the top five. This illustrates why it is important to shop around with many companies to get the most affordable auto insurance quotes for a Toyota Tacoma.
Insurance rates are impacted by many factors and change dramatically, so the best company when you last compared rates may now be one of the more expensive options.
The professional agents shown below can provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, as some people prefer to get some professional advice when trying to find the best insurance rates for a Toyota Tacoma. It can be hard to find the best policy on your own, so insurance agents licensed in the state of New Jersey can provide comfort knowing your coverage gives you suitable coverage if you ever need to use it. To find a Jersey City insurance agent close to where you live, click the button after the list or click here to compare prices now.
- Petrocci Agency
1674 John F. Kennedy Blvd # A – Jersey City, NJ 07305 – (201) 434-4760 - Mansa Nicome – State Farm Insurance Agent
86 NJ-35 – Neptune City, NJ 07753 – (732) 776-9999 - GG Insurance – Independent Insurance Agent
270 Marin Boulevard, Metropolis Towers Suite #14D – Jersey City, NJ 07302 – (800) 801-0394 - Jared Bush – State Farm® Insurance Agent
725 John F. Kennedy Blvd – North Bergen, NJ 07047 – (201) 325-8880 - JFK Insurance Agency
746 Bergen Ave – Jersey City, NJ 07306 – (908) 425-1544
View more Jersey City, NJ insurance agencies
How to find low-cost car insurance for a Toyota Tacoma
Lowering your rates is not difficult, and here are a few thrifty solutions that can help New Jersey drivers locate cheaper coverage.
- Buy a vehicle with excellent safety ratings
- Higher physical damage deductibles lower rates
- If your vehicles are older, consider dropping full coverage
- Good credit scores may lower your rates
- Maintain a safe distance and avoid accidents
- You will pay more if you get tickets or have at-fault accidents
- Compare rate quotes often
That last idea is remarkably vital, as we stressed in this piece. Car insurance rates change frequently, so don’t be unwilling to change to a new company if a cheaper rate is available.
Brand loyalty is great, but it’s not recommended if that loyalty ends up costing hundreds of dollars year after year. In just a few minutes you could compare prices and find cheaper auto insurance for a Toyota Tacoma in Jersey City.