Cheaper 2002 Toyota Tacoma Insurance Cost

Searching for cheaper car insurance rates for your Toyota Tacoma? No sane person likes having to buy car insurance, especially when they are aware that the cost is too high.

Many car insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurers and uncover the absolute lowest price

It’s important to do rate comparisons before your policy renews due to the fact that insurance prices tend to go up over time. Just because you found the best quotes for Tacoma insurance a year ago there is a good chance you can find better rates now. Forget all the misinformation about car insurance because it’s time to teach you the only way to remove unneeded coverages and save money.

The Toyota Tacoma insurance cost equation

Many things are part of the equation when premium rates are determined. Most are fairly basic such as traffic violations, although others are more obscure such as your marital status or your commute time.

  • Small coverages can add up – Insurance policies have a lot of additional coverages that sound like a good idea at the time on your Tacoma policy. Coverages like rental car coverage, death and dismemberment, and term life insurance may be costing you every month. They may seem like a good idea when discussing your needs, but your needs may have changed so remove them from your policy.
  • Liability protection preserves assets – The liability coverage on your policy kicks in in the event that you are responsible for causing damage or personal injury in an accident. Your policy’s liability insurance provides for a legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
  • Your location is important – Being located in a small town can be a good thing when trying to find low car insurance rates. Lower population means a lower chance of having an accident in addition to fewer liability claims. Drivers in populated areas have more aggressive driving styles and much longer commute distances. More time on the road means a statistically higher chance of an accident.
  • Claims cost money – If you frequently file small claims, you can definitely plan on increased rates or even have your policy non-renewed. Car insurance companies generally give better rates to people who are claim-free. Auto insurance is intended for claims that pose a financial burden.

Find discounts to get cheap insurance coverage quotes

Some insurers don’t always advertise all disounts very well, so below is a list both well-publicized and also the more inconspicuous credits that may apply to you.

  • Membership in Organizations – Participating in qualifying employment or professional organizations is a good way to get lower rates on insurance coverage.
  • Own a Home and Save – Owning a home can help you save on insurance coverage because owning a home means you have a higher level of financial diligence.
  • Discount for Passive Restraints – Vehicles with factory air bags can receive discounts of 20 to 30 percent.
  • ABS and Traction Control Discounts – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Service Members Pay Less – Being deployed with a military unit could trigger a small discount.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Even though it appears having all the discounts means you get insurance for free, nobody gets a free ride.

To locate insurance companies that can offer you the previously mentioned discounts, click this link.

Tailor your car insurance coverage to you

When choosing the right insurance coverage, there really is no single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine whether or not you will benefit from professional help.

  • Can I drive in Mexico and have coverage?
  • Can I afford to buy a different vehicle if my 2002 Toyota Tacoma is totaled?
  • What is UM/UIM insurance?
  • Will my insurance pay for OEM parts?
  • Is my custom paint covered by insurance?
  • How can I get my company to pay me more for my totalled car?
  • How does medical payments coverage work?
  • Is a blown tire covered by insurance?
  • Should I buy additional glass protection?
  • Is there coverage for injuries to my pets?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverages

Knowing the specifics of your auto insurance policy can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverage types found on most auto insurance policies.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for expenses for nursing services, X-ray expenses, dental work, doctor visits and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability insurance will cover damage that occurs to a person or their property. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims like emergency aid, structural damage and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a deer and theft. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage protection

This coverage pays for damage to your Tacoma caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like scraping a guard rail, rolling your car, hitting a parking meter and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Toyota Tacoma.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

In Summary

Cheap 2002 Toyota Tacoma insurance is definitely available both online as well as from insurance agents, so you need to quote insurance coverage with both to have the best selection. Some insurance companies do not provide online price quotes and usually these regional insurance providers prefer to sell through independent agents.

We’ve covered a lot of tips how to shop for 2002 Toyota Tacoma insurance online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding cheap insurance coverage. You may be surprised to find that the lowest car insurance rates come from a lesser-known regional company. Some small companies can often provide lower premium rates in certain areas compared to the large companies like Progressive or GEICO.

When searching for the cheapest insurance coverage quotes, make sure you don’t reduce coverage to reduce premium. There are too many instances where someone dropped physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at the best price.

Much more information about auto insurance is available at the links below

Comments About 2002 Toyota Tacoma Insurance

  1. Dawn Pickett

    I’m in the east part of Bellevue, NE. Received quotes from Sentry, Eastwood, GEICO, and Amica for my Toyota and saved just over $60 a year. Insured with Mercury before. Bought it from an online quote. Book value doesn’t justify full coverage anymore.

  2. Trenton Cervantes

    I live just to the south of Oklahoma City, OK. I don’t recall every quote but I ended up saving about $10 each month. Thankfully I have a good driving record. :P

  3. Scarlet Jenkins

    Need cheaper insurance rates for my teenage driver in Jersey City, New Jersey!!

  4. Lise Manning

    Will GEICO insure with a DUI in Concord, New Hampshire?

  5. Gregory Curtis

    I live on the west side of Salt Lake City, UT. I got free rates from GEICO, Auto-Owners, and Farmers for my Toyota and saved just over $110 a year.

  6. Deanne Bass

    I went with Allstate at renewal. Best rates in Knoxville, Tennessee. I even had a DUI years ago. Can still barely afford it.

  7. Keisha Schmidt

    Does Missouri require liability coverage?

  8. Gayle Burns

    If you’re a decent driver and live around Dallas, TX, check out GEICO. They seem to be cheaper. I get a discount for insuring multiple vehicles. They offer free online rate quotes.

  9. Josie Murphy

    I chose to switch to State Farm from AAA. I live in South Burlington, Vermont. I even had a DUI years ago. I got a quote from their website.

  10. Victorina Pickett

    Checking in from Kailua, HI. Quoted with Nationwide, Farmers, Allstate, and AIG Insurance for my 2002 Toyota Tacoma and saved just over $90 a year.

  11. Amada Cortez

    Cheaper not always better. I’m in Boise, ID. Got car insurance quotes with 21st Century, Encompass, and Hartford for my 2002 Toyota Tacoma and I think I saved around $20 each month. Insured with GEICO before. Thankfully I have a good driving record.