2014 Toyota Tundra Insurance Rates

Looking for lower insurance coverage rates for your Toyota Tundra? Feeling guilty for buying an overpriced insurance coverage policy? It’s quite common and there are many drivers thinking the same thing.

Vehicle owners have so many insurance companies to pick from, and although it’s a good thing to have multiple companies, having more car insurance companies makes it harder to find the best rates.

It’s a good habit to get comparison quotes at least once a year because insurance coverage prices go up and down regularly. Even if you think you had the best rates for Tundra insurance last year there is a good chance you can find better premium rates now. There is a lot of bad information regarding insurance coverage online but by reading this article, you’re going to learn some great ways to find cheap insurance coverage.

Choices you make can impact your insurance costs

Multiple criteria are considered when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, but some are not quite as obvious such as your credit history and annual miles driven.

• Reduce prices by driving cars with good safety ratings – Safe vehicles cost less to insure. Vehicles built for safety help reduce the chance of injuries in an accident and better occupant protection translates directly to fewer claims and more competitive rates for policyholders. If your Toyota Tundra has ratings of a minimum four stars on Safercar.gov it is probably cheaper to insure.
• Rural vs Urban Areas – Residing in less populated areas can save you money if you are looking for the lowest rates. Fewer drivers on the road means a lower chance of having an accident in addition to lower liability claims Urban drivers have to deal with more traffic problems and longer commutes to work. Longer commute distances statistically corresponds to a higher accident and claim rate.
• Marriage is a factor – Having a significant other can actually save you money when shopping for car insurance. Marriage usually means you are more stable financially and statistics prove being married results in fewer claims.
• Teenage drivers pay high rates – Young drivers tend to be inattentive and easily distracted when driving and because of this, their car insurance rates are much higher. Older people are shown to be more cautious, file fewer claims , and usually have better credit.

Lower-cost insurance rates with discounts

Auto insurance companies don’t always publicize the complete list of policy discounts in an easy-to-find place, so the list below gives a summary of some of the more common and the harder-to-find ways to save on insurance. If you do not check that you are getting every discount you deserve, you are paying more than you should be.

• ABS Brakes – Cars equipped with ABS or steering control prevent accidents so you can save 10 percent or more.
• Paperwork-free – Some insurance companies will provide an incentive get car insurance over the internet.
• Multiple Vehicles – Buying a policy with multiple cars or trucks on one policy could earn a price break for each car.
• Student Discounts – This discount can earn a discount of 20% or more. This discount can apply until age 25.
• Driver’s Education for Students – Have your child sucessfully take a drivers education course in school or through a local driver safety program.

Drivers should understand that many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like it’s possible to get free car insurance, you aren’t that lucky.

Some companies that may offer most of these discounts include:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

If you need lower rates, check with every company to apply every possible discount. A few discounts might not be offered in every state. To find companies with significant discounts, click this link.

Advertising myths

Big name companies like 21st Century, Allstate and State Farm regularly use ads on television and other media. They all make the point about savings just by switching your insurance coverage policy to them. How does each company give you a better price? Just pay attention to how they say it.

All companies quote the lowest rates for the type of driver they prefer to insure. An example of a driver they prefer may be over the age of 50, has never had a claim, and has a short commute. A customer who fits that profile is entitled to the best price and will probably save when they switch companies.

Potential insureds who do not meet those standards will get higher prices and this results in the customer buying from someone else. The trick is to say “people that switch” not “all people who quote” save that kind of money. This is how companies can make the claims of big savings.

This really emphasizes why drivers must do a price quote comparison at every renewal. You cannot predict the company that will fit your personal profile best.

Tailor your insurance coverage to you

When choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help highlight if your insurance needs would benefit from an agent’s advice.

• How high should deductibles be on a 2014 Toyota Tundra?
• Will my rates increase for filing one claim?
• What exactly is covered by my policy?
• At what point should I drop full coverage?
• Am I covered if I hit a deer?
• Are my friends covered when driving my car?
• Do I benefit by insuring my home with the same company?
• Is other people’s property covered if stolen from my vehicle?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Auto insurance coverage breakdown

Knowing the specifics of a auto insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring. These are the normal coverages found on most auto insurance policies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Toyota Tundra.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills like rehabilitation expenses, surgery and funeral costs. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive coverages

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as falling objects, damage from getting keyed, damage from flooding, vandalism and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision insurance pays for damage to your Tundra from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims like scraping a guard rail, sideswiping another vehicle, rolling your car and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to bring the cost down.

Liability auto insurance

This protects you from damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers things like medical expenses, attorney fees, repair bills for other people’s vehicles, legal defense fees and structural damage. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Best coverage at the best price

More affordable insurance can be found both online as well as from insurance agents, so you need to quote car insurance with both so you have a total pricing picture. A few companies may not have rate quotes online and usually these smaller companies only sell through independent agencies.

You just read a lot of information how to shop for 2014 Toyota Tundra insurance online. The most important thing to understand is the more companies you get car insurance rates for, the better your comparison will be. Consumers may even find the best price on insurance is with an unexpected company. Regional companies may have significantly lower car insurance rates on certain market segments as compared to the big name companies such as State Farm and Allstate.

Even more information can be found at these sites:

• Driving in Bad Weather (Insurance Information Insitute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Choosing an Insurance Company (Insurance Information Insitute)
• Senior Drivers (Insurance Information Insitute)
• Keeping Children Safe in Crashes Video (iihs.org)