Compare Toyota Tacoma Insurance Rates in Jersey City

It’s an obvious assumption that insurance companies don’t want you comparing rates. People who rate shop once a year will presumably move their business because of the high probability of finding lower rate quotes. A study showed that people who routinely compared rates saved as much as $3,500 over four years as compared to drivers who never compared prices.

If finding the best price on Toyota Tacoma insurance is your target objective, learning how to find companies and compare auto insurance can help make the process easier.

Discount Toyota Tacoma insuranceIf you want to save the most money, the best way to get discount auto insurance rates is to regularly compare quotes from insurers who can sell car insurance in Jersey City.

  1. Gain an understanding of auto insurance and the steps you can take to prevent expensive coverage. Many factors that cause high rates like traffic citations and an imperfect credit history can be controlled by improving your driving habits or financial responsibility.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from many different companies.
  3. Compare the price quotes to your existing rates and determine if there is any savings. If you find a lower rate, make sure there is no coverage gap between policies.
  4. Notify your agent or company to cancel the current policy and submit the signed application along with the required initial payment to your new carrier. Immediately safely store the proof of insurance certificate in your glove compartment.

An important part of this process is to compare the same level of coverage on each price quote and and to get rate quotes from as many car insurance companies as possible. Doing this helps ensure a level playing field and and a good selection of different prices.

If you are paying for car insurance now, you will be able to buy cheaper car insurance using the ideas you’re about to read. Comparing rates for affordable car insurance coverage in Jersey City is not as confusing as people think. But New Jersey drivers do need to learn how insurance companies calculate your car insurance rates because rates are impacted by many factors.

How to lower your Toyota Tacoma insurance cost in Jersey City, New Jersey

Just keep in mind that comparing all the rates in your area helps improve the odds of finding better pricing.

The providers in the list below can provide price comparisons in Jersey City, NJ. In order to find cheap car insurance in Jersey City, we suggest you visit two to three different companies to get the best price comparison.

Discounts mean cheaper rates for Toyota Tacoma insurance in Jersey City

Insurance can cost an arm and a leg, but there could be significant discounts that can dramatically reduce your bill. A few discounts will be applied at quote time, but once in a while a discount must be inquired about in order for you to get them.Save money with discounts

Just know that most discounts do not apply to the whole policy. Most cut individual premiums such as physical damage coverage or medical payments. Despite the appearance that you could get a free insurance policy, it’s just not the way it works. Any qualifying discounts should help lower the premium cost.

The diagram below compares Toyota Tacoma insurance costs with and without discounts applied. The rate quotes are based on a female driver, no claims or driving citations, New Jersey state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, claim-free, multi-car, and homeowner discounts applied.

Auto insurance companies that may have these money-saving discounts may include but are not limited to:

It’s a good idea to ask every insurance company which credits you are entitled to. Some credits might not apply everywhere. To choose insurers that offer multiple discounts in New Jersey, follow this link.

Rate information and statistics

The coverage table shown below highlights estimates of insurance prices for Toyota Tacoma models. Being able to understand how insurance prices are established can help you make smart choices when buying a policy.

Toyota Tacoma Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $182 $362 $496 $30 $148 $1,218 $102
Tacoma 4WD $208 $298 $496 $30 $148 $1,180 $98
Tacoma Double Cab 4WD $208 $362 $496 $30 $148 $1,244 $104
Tacoma X-Runner 2WD $208 $426 $496 $30 $148 $1,308 $109
Tacoma Double Cab 4WD $236 $362 $496 $30 $148 $1,272 $106
Tacoma Double Cab TRD Off-Road Package 4WD $236 $362 $496 $30 $148 $1,272 $106
Tacoma Double Cab TRD Sport Package 4WD $236 $362 $496 $30 $148 $1,272 $106
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in vehicle location which can change price quotes significantly.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The comparison tables below lay out the differences in price between low and high policy deductibles. The first set of rates uses a $250 deductible for physical damage and the second price grid uses a $500 deductible.

Toyota Tacoma insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $324 $626 $480 $28 $144 $1,627 $136
Tacoma 4WD $372 $514 $480 $28 $144 $1,563 $130
Tacoma Double Cab 4WD $372 $626 $480 $28 $144 $1,675 $140
Tacoma X-Runner 2WD $372 $738 $480 $28 $144 $1,787 $149
Tacoma Double Cab 4WD $420 $626 $480 $28 $144 $1,723 $144
Tacoma Double Cab TRD Off-Road Package 4WD $420 $626 $480 $28 $144 $1,723 $144
Tacoma Double Cab TRD Sport Package 4WD $420 $626 $480 $28 $144 $1,723 $144
Get Your Own Custom Quote Go

Toyota Tacoma insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $264 $504 $480 $28 $144 $1,420 $118
Tacoma 4WD $302 $414 $480 $28 $144 $1,368 $114
Tacoma Double Cab 4WD $302 $504 $480 $28 $144 $1,458 $122
Tacoma X-Runner 2WD $302 $594 $480 $28 $144 $1,548 $129
Tacoma Double Cab 4WD $340 $504 $480 $28 $144 $1,496 $125
Tacoma Double Cab TRD Off-Road Package 4WD $340 $504 $480 $28 $144 $1,496 $125
Tacoma Double Cab TRD Sport Package 4WD $340 $504 $480 $28 $144 $1,496 $125
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in zip code location which can affect insurance rates considerably.

Based on this data, using a $250 deductible will cost you roughly $18 more each month or $216 a year than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 14 months between claims, you would come out ahead by selecting a higher deductible.

The illustration below highlights how deductible choice and can impact Toyota Tacoma insurance premiums for each age group. The rates are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

Cost difference between full coverage and liability

The diagram below shows the difference between Toyota Tacoma auto insurance rates with liability coverage only compared to full coverage. The costs are based on no violations or accidents, $250 deductibles, marital status is single, and no discounts are applied.

When to stop buying physical damage coverage

There isn’t a written rule to eliminate full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Toyota Tacoma book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after you pay the deductible. If you are paying over $600 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are a few cases where eliminating full coverage is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.

Why Smart Consumers Pay Less for Toyota Tacoma Insurance

Many different elements are part of the calculation when you get a price on insurance. Most are fairly basic such as traffic violations, but other factors are more transparent like your continuous coverage or how safe your car is. One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that go into determining insurance rates. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that could result in lower rates.

Safer vehicles save money – Safe vehicles tend to have lower insurance rates. The safest vehicles reduce occupant injuries and reduced instances of injuries translates into savings for insurance companies which can mean better rates for you.

More performance means higher premiums – The type of vehicle you need to insure makes a substantial difference in your auto insurance rates. The lowest base rates are for small economy passenger models, but there are many factors that impact the final cost.

The data below uses these variables: married female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Toyota Tacoma car insurance rates compared to other models of vehicles that have different risk factors.

Driving citations can be expensive – A bad driving record has a huge affect on how much you pay. Even a single driving citation can increase rates twenty percent or more. Attentive drivers get better prices than their less careful counterparts. Drivers who have multiple violations such as DUI, reckless driving or excessive speeding may be required to prove financial responsibility with their state motor vehicle department in order to drive a vehicle legally.

The chart below demonstrates how traffic citations and at-fault accidents can drive up Toyota Tacoma insurance rates for different categories of driver ages. The premiums assume a married male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Single vs. married – Walking down the aisle may save some money when shopping for insurance. Marriage translates into being more financially stable it has been statistically shown that married couples file fewer claims.

Cheaper insurance rates using alarms and GPS tracking – Buying a car with a theft deterrent system can save you some money. Advanced theft deterrents such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop car theft.

Uninterrupted coverage lowers insurance rates – Having a gap between insurance policy dates is a guaranteed way to increase your rates. Not only will you pay more, getting caught without coverage will get you fines and jail time.

Buy as much liability coverage as you can afford – A critical coverage on your policy, liability insurance is the coverage that protects you when you are ruled to be at fault for causing damage or personal injury in an accident. Your liability coverage provides legal defense to defend your case. Liability insurance is quite affordable compared to other policy coverages, so do not cut corners here.

No claims equals cheap insurance rates – Insurance companies in New Jersey give discounts to drivers who are not frequent claim filers. If you are the type of insured that files lots of claims you can look forward to either higher rates or even cancellation. Your insurance policy is designed for claims that you cannot pay yourself.

Insurance loss statistics a Toyota Tacoma – Insurance companies use past loss statistics for each vehicle when they set coverage costs for each model. Models that tend to have increased losses will cost more to insure.

The next table shows the compiled insurance loss statistics for Toyota Tacoma vehicles. For each policy coverage, the claim amount for all vehicles, as a total average, equals 100. Numbers shown that are under 100 indicate better than average losses, while numbers shown that are more than 100 indicate frequent claims or tendency to have higher losses.

Toyota Tacoma Insurance Claim Statistics
Vehicle 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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Independent and exclusive car insurance agents

Many drivers would prefer to get professional advice from a licensed agent and that is a smart decision One of the best bonuses of comparing insurance prices online is you can get cheaper premium rates but still work with a licensed agent.

Insurance agency in Jersey CityAfter filling out this simple form, the coverage information is immediately sent to agents in your area who will gladly provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to visit any agencies since rate quotes are delivered directly to you. It’s the lowest rates and a licensed agent to work with. If you wish to get a price quote from a specific insurance company, you would need to navigate to their website and submit a quote form there.

Choosing the best provider should depend on more than just the bottom line cost. Any good agent in Jersey City should know the answers to these questions.

If you are searching for a reliable insurance agency, it’s helpful to know the types of insurance agents and how they differ in how they can insure your vehicles. Auto insurance policy providers are categorized either exclusive or independent.

Exclusive Auto Insurance Agencies

Exclusive agents generally can only insure with one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot place coverage with different providers so they are skilled at selling on more than just price. They are trained well on what they offer which aids in selling service over price. Drivers often buy from exclusive agents mostly because of loyalty to the company rather than having the cheapest rates.

The following is a short list of exclusive agencies in Jersey City that are able to give price quotes.

View more Jersey City agents

Independent Agents (or Brokers)

Independent agents can sell policies from many different companies so they can insure your vehicles with any number of different companies and find you the best rates. If you want to switch companies, they simply move the coverage in-house which requires no work on your part.

When comparing auto insurance prices, we highly recommend that you check rates from a couple of independent agencies in order to have the best price comparison. Most can insure with mutual insurance companies which could offer lower prices.

Shown below are Jersey City independent agencies willing to provide rate quotes.

View more Jersey City agents

Best car insurance company in New Jersey

Buying coverage from the top insurance provider can be challenging considering how many companies provide coverage in New Jersey. The company information shown below can help you choose which providers you want to consider when shopping around.

Top 10 Jersey City Car Insurance Companies by A.M. Best Rank

  1. GEICO – A++
  2. Travelers – A++
  3. State Farm – A++
  4. USAA – A++
  5. Allstate – A+
  6. Nationwide – A+
  7. Mercury Insurance – A+
  8. Progressive – A+
  9. The Hartford – A+
  10. Esurance – A+

Cheaper insurance rates are possible

As you prepare to switch companies, do not reduce coverage to reduce premium. There are a lot of situations where someone dropped liability coverage limits only to discover later they didn’t have enough coverage. Your aim should be to get the best coverage possible at the lowest possible cost and still be able to protect your assets.

Consumers switch companies for many reasons like policy non-renewal, an unsatisfactory settlement offer, extreme rates for teen drivers and delays in paying claims. No matter why you want to switch, choosing a new company is less work than it seems.

Discount Toyota Tacoma insurance in Jersey City can be found online and from local insurance agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who may not provide online quoting and many times these regional carriers only sell through independent agencies.

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