Insurance rates Toyota Tacoma in Colorado SpringsLooking for the cheapest Toyota Tacoma insurance in Colorado Springs? Are you tired of scraping the payment together to pay insurance each month? You are in the same boat as many other Colorado consumers.

Unbelievable but true, the majority of drivers have been with the same company for four years or more, and almost half have never compared quotes from other companies. U.S. drivers could save an average of almost 47% each year just by shopping around, but they don't believe the amount of savings they would get if they moved their coverage to a different company.

With consumers having so many different company options, it can be hard to choose the right insurance company.

It's important to do price comparisons occasionally because rates change quite often. Even if you got the best deal on Toyota Tacoma insurance in Colorado Springs six months ago you will most likely find a better price today. Block out anything you think you know about insurance because we're going to demonstrate one of the quickest ways to lower your rates without sacrificing coverage.

Toyota Tacoma Insurance Rate Factors

Part of the insurance buying process is learning the factors that help determine your insurance rates. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you better insurance rates.

Listed below are most of the major factors insurance companies consider when setting rates.

When price shopping your coverage, comparing a wide range of rates helps you find the best offered rates. Some smaller insurers do not give online Colorado Springs Tacoma insurance quotes, so it's necessary to compare prices from them, too.

The following companies offer free quotes in Colorado Springs, CO. If several companies are displayed, it's highly recommended you click on several of them to get a more complete price comparison.

Toyota Tacoma Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $226 $562 $396 $24 $118 $1,326 $111
Tacoma 4WD $144 $232 $368 $22 $110 $876 $73
Tacoma Double Cab 4WD $266 $526 $426 $26 $128 $1,372 $114
Tacoma X-Runner 2WD $302 $644 $352 $20 $106 $1,424 $119
Tacoma Double Cab 4WD $264 $448 $368 $22 $110 $1,212 $101
Tacoma Double Cab TRD Off-Road Package 4WD $190 $288 $352 $20 $106 $956 $80
Tacoma Double Cab TRD Sport Package 4WD $278 $420 $362 $22 $108 $1,190 $99
Get Your Own Custom Quote Go

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Estimates do not factor in specific zip code location which can decrease or increase insurance rates significantly.

Rate difference between full and liability-only coverage

The example below shows the comparison of Toyota Tacoma auto insurance costs with and without full coverage. The rates are based on no claims or driving citations, $500 deductibles, single female driver, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no clear-cut formula for phasing out physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's assume your Toyota Tacoma replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after the policy deductible has been paid. If premium cost is more than $200 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where only buying liability is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Safe drivers pay less for auto insurance

The chart below illustrates how traffic citations and at-fault fender-benders can influence Toyota Tacoma auto insurance costs for each age group. The price estimates are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Save 15 percent in 15 minutes? Is it for real?

Popular auto insurance providers such as 21st Century, Allstate and State Farm continually stream ads on TV and radio. They all make the point about how much you will save just by moving your policy. How does each company give you a better price on Toyota Tacoma insurance in Colorado Springs?

Many companies give the cheapest rates for the right customer that makes them money. One example of a driver they prefer might be a married female, has a low-risk occupation, and does not commute to work. A driver that fits those parameters will probably get cheap prices and will also save when switching.

People who are not a match for these standards will have to pay a more expensive rate and the customer buying from someone else. If you listen to the ad wording, they say "customers that switch" not "everyone who quotes" will save that much if they switch. That's why insurance companies can make the claims of big savings.

Each company has different criteria, so you really should do a rate comparison at every renewal. You cannot predict the company that will provide you with the cheapest Toyota Tacoma insurance in Colorado Springs.

Why you need to buy insurance

Even though it can be expensive, buying insurance may be required and benefits you in several ways.

The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer overpays as much as $750 every year so compare rates each time the policy renews to ensure rates are competitive.

Take policy discounts and save on Toyota Tacoma insurance in Colorado Springs

Some insurers don't always advertise all possible discounts in an easy-to-find place, so we researched a few of the more common and the more hidden insurance savings.Save money with discounts

It's important to note that most credits do not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates adding up those discounts means a free policy, insurance companies wouldn't stay in business.

Larger insurance companies and the discounts they provide are detailed below.

It's a good idea to ask each company which credits you are entitled to. Some discounts listed above might not be offered on policies in your area. To see a list of providers with significant discounts in Colorado, follow this link.

Compare rates but buy from a neighborhood Colorado Springs auto insurance agent

Some consumers would prefer to have an agent's advice and that is recommended in a lot of cases A good thing about comparing rates online is that you can obtain cheaper car insurance rates and still have a local agent. Buying from neighborhood agents is especially important in Colorado Springs.

Colorado Springs insurance agentsAfter completing this simple form, your insurance data is transmitted to local insurance agents that provide free Colorado Springs auto insurance quotes for your insurance coverage. You won't need to leave your house since price quotes are sent to your email. Get lower rates AND a local agent. In the event you want to compare prices for a specific company, feel free to jump over to their website and fill out the quote form the provide.

Below are agents in Colorado Springs that may be willing to give rate quotes for Toyota Tacoma insurance in Colorado Springs.

2606 Palmer Park Blvd - Colorado Springs, CO 80909 - (719) 630-1800 - View Map

Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map

8027 Academy Blvd N - Colorado Springs, CO 80920 - (719) 594-4500 - View Map

125 N Parkside Dr #201f - Colorado Springs, CO 80909 - (719) 635-9557 - View Map

More insurance agents

Picking the best provider shouldn't rely on just the price. Get answers to these questions too.

Tailor your auto insurance coverage to you

When it comes to buying insurance from an agent or online, there really is not a one size fits all plan. Your situation is unique.Auto insurance savings

For instance, these questions may help highlight whether your personal situation will benefit from professional help.

If you can't answer these questions, you may need to chat with an insurance agent. If you don't have a local agent, fill out this quick form.

Cheap insurance rates are out there

Consumers switch companies for many reasons like delays in paying claims, policy non-renewal, delays in responding to claim requests or lack of trust in their agent. It doesn't matter what your reason, choosing a new company is not as difficult as it may seem.

Budget-friendly insurance in Colorado Springs can be bought online and from local insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance companies may not have the ability to get a quote online and these regional carriers only sell coverage through local independent agents.

In this article, we presented a lot of tips how to shop for Toyota Tacoma insurance online. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may even discover the lowest premium rates are with a small local company.

Additional insurance information can be read at these links: