Our editors keep telling us that when writing about auto insurance, the words “affordable” or “cheap” should never appear as a descriptor for car insurance rates. Despite the oxymoron, cheap car insurance for a Toyota Tundra can be difficult to find. Don’t let that ruin your day, because we will show you how you can still get insurance that is cheaper than your current policy.
Your ability to find cheap coverage for a Toyota Tundra in Colorado relies on many rating factors like the number of years of driving experience you have, if you have ever let your coverage lapse, and physical damage deductibles. Drivers in Colorado will pay around $1,220 every 12 months for Tundra insurance, but that figure is a valuation based on a 40-year-old single male driver that includes both comprehensive and collision coverage and $500 physical damage deductibles.
There is a high likelihood that you’re not a 40-year-old male, possibly married instead of single, or maybe you are just looking for cheap liability insurance. Having the smallest difference in the rating input factors can make a big difference in the rate quoted for a Toyota Tundra.
Having different needs demonstrates why the most reliable method for finding cheap car insurance rates for your Toyota is to compare as many rates as possible.
Vehicle trim level will influence the coverage cost, so the price to insure a Tundra Regular Cab 2WD trim level will be $236 cheaper than the insurance cost for the fancier Tundra SR/5 Crew Max 4WD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$188||$348||$480||$28||$144||$1,188||$99|
|Tundra SR/5 Double Cab 2WD||$216||$424||$480||$28||$144||$1,292||$108|
|Tundra SR/5 Crew Max 2WD||$216||$424||$480||$28||$144||$1,292||$108|
|Tundra Regular Cab 4WD||$244||$424||$480||$28||$144||$1,320||$110|
|Tundra Double Cab 4WD||$244||$424||$480||$28||$144||$1,320||$110|
|Tundra SR/5 Double Cab 4WD||$244||$424||$480||$28||$144||$1,320||$110|
|Tundra Limited Double Cab 2WD||$244||$500||$480||$28||$144||$1,396||$116|
|Tundra Limited Crew MAX 2WD||$244||$500||$480||$28||$144||$1,396||$116|
|Tundra Limited Crew MAX 4WD||$272||$500||$480||$28||$144||$1,424||$119|
|Tundra SR/5 Crew Max 4WD||$272||$500||$480||$28||$144||$1,424||$119|
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in specific location which can influence auto insurance rates considerably.
Deciding which companies have the lowest-priced car insurance rates for a Toyota Tundra calls for a tad more effort than just quoting one company’s rates.
Each insurance company uses a different method to determine rates, so let’s take a look at the most budget-friendly car insurance companies in Colorado. Keep in mind that Colorado car insurance rates are influenced by many factors which can substantially change the policy premium. Getting older, buying a home, or getting a DUI can trigger changes in premium that can cause some rates to be cheaper than others.
Lowest Insurance Price Quotes for Your Tundra
The Hartford may offer some of the most affordable car insurance rates in Colorado at around $859 each year. Grange, USAA, Nationwide, and Auto-Owners would also make the list of some of the cheaper Colorado car insurance companies.
As shown in the rates above, if you are a policyholder with Grange and switched to The Hartford, you may see an annual premium reduction of in the neighborhood of $99. Colorado drivers with USAA may save as much as $150 a year, and Nationwide policyholders might lower prices by $262 a year.
Remember that these premiums are averaged across all ages of drivers and types of vehicles and and are not figured with a specific rating modification for a Toyota Tundra. So the auto insurance company that fits your situation best may not even be included in the rate chart shown above. That underscores the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Auto insurance companies that offer quotes for a Toyota Tundra may additionally offer price discounts that may potentially lower prices by as much as 35% if you meet specific eligibility requirements. Larger car insurance companies and their possible discounts are detailed below.
The example below visualizes the comparison of auto insurance rates with and without discounts being applied to the rates. The price estimates are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, claim-free, passive restraint, multiple vehicle, marriage, and defensive driving course discounts applied. In this example, the average amount saved each year on car insurance for a Toyota Tundra is 28% or $709.
In a perfect world, the best way to snag cheap insurance for a Toyota Tundra in Colorado is to be a cautious driver and avoid traffic citations and accidents. The information below demonstrates how traffic citations and fender-benders raise insurance premiums for different categories of driver ages. The information is based on a married female driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of a car insurance policy in Colorado per year with no accidents or violations is $1,600. Get two speeding tickets and the average cost rises to $2,268, an increase of $668 each year. Then include one accident along with the two speeding tickets and the yearly cost of car insurance for a Toyota Tundra increases to an average of $2,944. That’s an increase of $1,344, or $112 per month, just for being a careless driver!
It’s not impossible to find cheaper rates, and here are a few money-saving ideas that can help Colorado drivers get low-cost car insurance.
That last idea is extremely crucial, as was emphasized in this article. Insurance prices in Colorado fluctuate constantly, so drivers shouldn’t be resistant to buy from a new company if a more affordable rate is found.
Loyalty to a specific company is fine, but is isn’t recommended if that stubbornness costs you hundreds of dollars a year. It takes less than five minutes to compare rates to find cheaper insurance for a Toyota Tundra.
If you are shopping around for insurance for a Tundra in Colorado, four companies you’ll want quotes from are Progressive, State Farm, Geico, and Allstate. All of them offer liability and physical damage protection, but each on has somewhat different options that may influence which company you choose. The following table breaks down ratings and policy coverage options that are available for buyers.
|A.M. Best financial rating||A+||A++||A++||A+|
|S&P financial rating||AA||AA||AA+||AA-|
|Coverage for ridesharing||Yes||Yes||Yes||Yes|
|Mechanical breakdown insurance||Yes||No||Yes||No|
|New car replacement insurance||No||No||No||Yes|
|Rating based on usage||Yes||Yes||No||Yes|
|Coverage in Colorado||Yes||Yes||Yes||Yes|
|Types of agents used||Buy online or from an independent agent||Can only buy from State Farm agents||Can buy online or use a Geico agent||Allstate exclusive agents|
|Number of agents||30,000+||18,000+||150+||11,000+|
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