Buying economical insurance for a Toyota Tacoma is pretty simple for most people to do, but it hinges on a lot of things such as when you were born, your credit status, and your driving record. Colorado drivers will pay on average $938 a year for Tacoma insurance, but that price is an estimation based on a 30-year-old married female driver with full physical damage coverage and $500 deductibles.
The issue that arises when projecting rates is that it’s very likely that you may not be 30 years old (or even female), you might be single instead of married, and you don’t want the same coverages and limits as the example. This example demonstrates why the best way to find the most affordable coverage for your Toyota is to compare as many rates as possible. To cut your rates now, get a free quote and you will receive rate quotes from some of the most affordable companies that insure Toyota vehicles in Colorado.
Your vehicle’s trim level will have an impact the coverage cost, so the cost to insure a Tacoma 2WD trim level will be $56 less expensive the insurance cost for the more costly Tacoma Double Cab TRD Sport Package 4WD model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $186 | $362 | $358 | $22 | $108 | $1,036 | $86 |
| Tacoma 4WD | $214 | $298 | $358 | $22 | $108 | $1,000 | $83 |
| Tacoma Double Cab 4WD | $214 | $362 | $358 | $22 | $108 | $1,064 | $89 |
| Tacoma X-Runner 2WD | $214 | $426 | $358 | $22 | $108 | $1,128 | $94 |
| Tacoma Double Cab 4WD | $242 | $362 | $358 | $22 | $108 | $1,092 | $91 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $242 | $362 | $358 | $22 | $108 | $1,092 | $91 |
| Tacoma Double Cab TRD Sport Package 4WD | $242 | $362 | $358 | $22 | $108 | $1,092 | $91 |
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Price information does not factor in specific zip code location which can decrease or increase premiums greatly.
Insuring your vehicle with a good quality auto insurance company can be rather challenging considering how many choices you have in Denver. The company rank data displayed below could help you analyze which auto insurers to look at when trying to find cheaper insurance for a Toyota Tacoma.
The rankings below only include the companies with a significant amount of written premium nationwide, so companies that focus mainly on Colorado business are not taken into consideration for this list. If you would like to check rates and find cheaper insurance for a Toyota Tacoma, click here.
Top 10 Major Car Insurance Companies Overall in Denver
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Top 10 Major Car Insurance Companies in Denver Ranked by Customer Service
- GEICO
- State Farm
- The Hartford
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
- Nationwide
- Travelers
How careless driving impacts car insurance rates
In a perfect world, the best way to receive good car insurance prices for a Tacoma is to drive carefully and not receive tickets or have accidents. The illustration below highlights how traffic violations and accidents raise insurance premiums for different insured age categories. The premiums are based on a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
The chart shows that the average cost of auto insurance in Denver per year with a clean driving record and no accidents is $1,407. Get written up for one speeding ticket and the average cost rises to $1,643, an increase of $236 each year. Now add two accidents along with the one speeding ticket and the yearly cost of car insurance for a Toyota Tacoma increases to an average of $3,827. That’s an increase of $2,421, or $202 per month, just for not driving safely!
Your low-price policy may be costing you money
Denver, CO car insurance rates are based on many factors which can substantially change the price you have to pay. Simply turning a year older, buying a different home, or getting a DUI may generate price changes that may make certain companies cheaper than others. Not only may your risk profile change, but auto insurance companies amend pricing as needed to adjust for heavy claims or excess profits. A period of increased losses can cause higher rates, while lower claim expenses can produce lower-priced Tacoma insurance rates.
To illustrate this point, the bar chart below shows the company with the cheapest car insurance in Denver, CO for a 35-year-old female driver with no accidents, a clean driving record, and a good credit history. Based on her current risk factors, The Hartford may have the cheapest car insurance rates in Denver at $1,074 each year. This is $504 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the remainder of the most affordable Denver, CO auto insurance companies.
Now let’s give the driver from the first set of rates an at-fault accident, a lower credit rating, and a traffic ticket or two. Since every car insurance company uses their own calculation to set their prices, analyzing rate quotes most likely will result in a different set of cheap Denver auto insurance companies as shown below.
GEICO now has the cheapest rate in Denver, CO with State Farm, American Family, Progressive, and Amica also being competitive. This illustrates why consumers need to take the time to compare rates when trying to get the cheapest insurance quotes for a Toyota Tacoma. Auto insurance prices are impacted by many different factors and can increase or decrease at any time, so the cheapest company three years ago may now be an over-priced policy.
How to find economical auto insurance for a Toyota Tacoma
It is possible to find better rates, and here are some of the better thrifty suggestions that can help Denver drivers get cheap auto insurance.
- At-fault accidents can raise rates significantly
- Improve your credit
- Buy a safer vehicle
- Do not get tickets or violations
- Too many claims can make car insurance unaffordable
- Shop around for cheaper prices often
The last tip in the list is particularly valuable, as was noted in the article above. Coverage prices go up and down frequently, so don’t be tentative to switch companies if a cheaper price is available. Staying with the same car insurance company is fine, but it’s not recommended if that stubbornness costs you major coinage every year. Take a couple minutes and shop around and find cheaper car insurance for a Toyota Tacoma in Denver.
If you have coverage questions and would like to get some professional advice when shopping around for cheaper insurance for a Toyota Tacoma, the agents listed below can probably provide answers to your questions and help you determine which coverage fits your budget.
To find a Denver insurance agency near you, click the link after the list or click here to get price quotes now.
- Hiram Licea – State Farm Insurance Agent
3600 Morrison Rd – Denver, CO 80219 – (303) 935-7475 - Nationwide Insurance: Lloyd Pro Group Agency
1400 S Columbine St – Denver, CO 80210 – (970) 230-3020 - Insurance Town and Country
1735 E 17th Ave #3 – Denver, CO 80218 – (303) 388-7216