No car owner looks forward to buying insurance, especially when their premiums are too high.

Insurance rates Toyota Tacoma in DenverStatistics show that over 70% of consumers kept their policy with the same company for more than four years, and nearly 40% of drivers have never quoted insurance rates at all. Colorado insurance shoppers could save about 35% each year just by shopping around, but they mistakenly think it's difficult to compare rate quotes. Multiple car insurance companies compete for your insurance dollar, so it can be very hard to choose a insurer and uncover the absolute best rates possible on Toyota Tacoma insurance in Denver.

It's a great practice to shop coverage around before your policy renews because insurance prices are constantly changing. If you had the lowest rates on Toyota Tacoma insurance in Denver at your last renewal you can probably find a better premium rate now. Forget anything you know (or think you know) about insurance because you're going to get a crash course in the best methods to remove unneeded coverages and save money.

If you have coverage now or want to find a cheaper company, follow these tips to save money and possibly find even better coverage. Locating the most cost-effective insurance policy in Denver is really not that difficult. Drivers only have to learn the most time-saving way to shop from multiple carriers.

Getting a cheaper price on insurance is actually easier than you may think. Drivers just need to take the time comparing rates from online providers.

Getting price quotes online is very simple and it takes the place of having to drive around to each insurance agency near you. The ability to buy insurance online reduces the need to sit down with an agent unless you have a complicated situation and need the professional advice of an agent trained in personal lines coverage. Drivers can comparison shop your insurance online but buy from a local insurance agent.

The following companies have been selected to offer comparison quotes in Colorado. If multiple providers are shown, it's a good idea that you click on several of them to get the lowest price.

Toyota Tacoma Insurance Rate Estimates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $236 $458 $352 $20 $106 $1,172 $98
Tacoma 4WD $236 $382 $338 $20 $100 $1,076 $90
Tacoma Double Cab 4WD $190 $362 $396 $24 $118 $1,090 $91
Tacoma X-Runner 2WD $212 $458 $338 $20 $100 $1,128 $94
Tacoma Double Cab 4WD $294 $562 $396 $24 $118 $1,394 $116
Tacoma Double Cab TRD Off-Road Package 4WD $186 $330 $426 $26 $128 $1,096 $91
Tacoma Double Cab TRD Sport Package 4WD $278 $420 $362 $22 $108 $1,190 $99
Get Your Own Custom Quote Go

Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in vehicle location which can increase or decrease coverage prices noticeably.

An analysis of deductible level

One frequently asked question is how high should your deductibles be. The data tables below illustrate how much more you'll pay when you select higher and lower physical damage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.

Toyota Tacoma insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $264 $546 $352 $20 $106 $1,313 $109
Tacoma 4WD $302 $448 $352 $20 $106 $1,253 $104
Tacoma Double Cab 4WD $302 $546 $352 $20 $106 $1,351 $113
Tacoma X-Runner 2WD $302 $644 $352 $20 $106 $1,449 $121
Tacoma Double Cab 4WD $342 $546 $352 $20 $106 $1,391 $116
Tacoma Double Cab TRD Off-Road Package 4WD $342 $546 $352 $20 $106 $1,391 $116
Tacoma Double Cab TRD Sport Package 4WD $342 $546 $352 $20 $106 $1,391 $116
Get Your Own Custom Quote Go
Toyota Tacoma insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $192 $368 $352 $20 $106 $1,038 $87
Tacoma 4WD $220 $304 $352 $20 $106 $1,002 $84
Tacoma Double Cab 4WD $220 $368 $352 $20 $106 $1,066 $89
Tacoma X-Runner 2WD $220 $434 $352 $20 $106 $1,132 $94
Tacoma Double Cab 4WD $250 $368 $352 $20 $106 $1,096 $91
Tacoma Double Cab TRD Off-Road Package 4WD $250 $368 $352 $20 $106 $1,096 $91
Tacoma Double Cab TRD Sport Package 4WD $250 $368 $352 $20 $106 $1,096 $91
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in specific garaging location which can lower or raise prices significantly.

Using the data above, we can ascertain that using a $100 deductible costs about $24 more each month or $288 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 17 months between claim filings, you would more than likely save some money by selecting a higher deductible. The illustration below shows a better example of how this calculation is made.

Average monthly premium for $100 deductibles: $114
Average monthly premium for $500 deductibles (subtract): - $90
Monthly savings from raising deductible: $24
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

Auto insurance premiums based on gender

The diagram below shows the difference between Toyota Tacoma insurance prices for male and female drivers. The premiums assume no claims or violations, full physical damage coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Price comparison of only insuring for liability

The illustration below shows the comparison of Toyota Tacoma yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, single male driver, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There is no exact rule of when to exclude full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let's pretend your Toyota Tacoma book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying your deductible. If premiums are more than $600 a year to have full coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should keep full coverage in place.

Auto insurance protects more than just your car

Despite the high insurance cost for a Toyota Tacoma in Denver, insurance is required in Colorado but it also protects you in many ways.

The benefits of carrying adequate insurance definitely exceed the price paid, especially with large liability claims. According to a 2015 survey, the average American driver is overpaying more than $830 a year so you should quote and compare rates at every renewal to make sure the price is not too high.

Learn How to Lower Your Insurance Premiums

An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating your car insurance rates. When you understand what controls the rates you pay, this allows you to make good choices that will entitle you to better car insurance rates.

Performance influences insurance rates - The performance level of the vehicle you are insuring makes a big difference in your premium level. The lowest premiums tend to be for smaller low performance passenger cars, but many other things help determine your insurance rates. Since the Toyota Tacoma is classified as a pickup truck, rates will be similar in price compared to average rates in Denver.

See if your company offers a multi-policy discount - Some insurers afford better rates to buyers who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it's in your best interest to comparison shop to verify if the discount is saving money. You may still be able to find a better deal by splitting coverages up.

A policy lapse can increase car insurance rates - Allowing your coverage to lapse is a guaranteed way to increase your car insurance rates. Not only will you pay more, the inability to provide proof of insurance could result in a license revocation or jail time. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Colorado department of motor vehicles.

Improve your credit rating - Having a bad credit score is a big factor in determining your rates. If your credit rating can be improved, you could pay less to insure your Toyota Tacoma by repairing your credit. Drivers who have high credit ratings tend to be more responsible than drivers who have poor credit.

Which gender costs less? - Statistics have proven women tend to be less risk to insure than men. The data does not necessarily mean that males are worse at driving than females. Females and males cause fender benders at about the same rate, but the males get into accidents with more damage. Not only are claims higher, but men get cited for more serious violations like driving under the influence (DUI). Male teenagers are several times more likely to be in an accident and are penalized with high car insurance rates.

Premiums increase with policy add-ons - There are a lot of extra add-on coverages that can add up if you aren't diligent. Coverage for things like rental car reimbursement, better glass coverage, and membership fees are probably not needed. The coverages may be enticing when deciding what coverages you need, but if you've never needed them in the past remove them and pocket the money.

Marriage is a factor - Your spouse may earn you lower rates on car insurance. Marriage generally demonstrates drivers are more mature it has been statistically shown that married couples file fewer claims.

Loss probability for a Toyota Tacoma - Insurance companies take into consideration insurance loss statistics for every vehicle when they set coverage costs for each model. Vehicles that historically have increased claim numbers or amounts will be charged more to insure. The information below illustrates the collected loss data for Toyota Tacoma vehicles.

For each policy coverage, the loss probability for all vehicles averaged together is equal to 100. Percentage numbers below 100 mean the vehicle has better than average losses, while numbers above 100 indicate more frequent claims or a tendency for losses to be larger than average.

Toyota Tacoma Insurance Loss Statistics

Specific Toyota 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Discount Denver auto insurance quotes

Some providers don't list the entire discount list in a way that's easy to find, so we took the time to find a few of the more common and the harder-to-find credits available to lower your premiums when you buy Denver auto insurance online.Cheaper auto insurance with discounts

Discounts lower rates, but most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, that's just not realistic.

Some companies that possibly offer most of the discounts above include:

If you are trying to find affordable Denver auto insurance quotes, ask every insurance company to apply every possible discount. Some discounts may not apply to policyholders in Denver. To locate companies who offer cheap Toyota Tacoma insurance quotes in Denver, click here.

Your situation helps dictate your coverage

Always remember that when buying the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Each situation is unique.Higher deductibles save money

For instance, these questions may help you determine if your situation will benefit from professional help.

If you're not sure about those questions, you might consider talking to an agent. To find an agent in your area, complete this form. It's fast, free and can help protect your family.

Are insurance agencies obsolete?

Certain consumers prefer to buy from a licensed agent and that is just fine! Most agents can answer important questions and help in the event of a claim. An additional benefit of comparing rates online is you can get lower rates and still have an agent to talk to. And buying from local agents is especially important in Denver.

Insurance agents in DenverTo make it easy to find an agent, after completing this quick form, the coverage information is emailed to local insurance agents that provide free Denver auto insurance quotes to get your business. It makes it easy because there is no need to leave your house as quotes are delivered directly to your email. If you wish to compare rates from a specific insurance company, feel free to visit that company's website and fill out their quote form.

Deciding on a insurer requires you to look at more than just the price. You should also get answers to these questions.

Once you have received good responses to your questions and locked in a price quote, most likely you have located a company that can be relied on to properly insure your vehicles. Just keep in mind you are entitled to cancel your coverage for any reason so don't assume that you are permanently stuck with any specific company indefinitely.

Cover all your bases

As you restructure your insurance plan, it's not a good idea to buy poor coverage just to save money. Too many times, consumers will sacrifice physical damage coverage only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

Cheap Toyota Tacoma insurance in Denver can be purchased online and also from your neighborhood Denver agents, so you should compare both to have the best chance of lowering rates. Some companies may not provide price quotes online and most of the time these small insurance companies sell through local independent agencies.

In this article, we covered some good ideas how you can shop for Toyota Tacoma insurance online. The most important thing to understand is the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. Consumers could even find that the lowest rates are with some of the smallest insurance companies.

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