How Much is Insurance for a Toyota Tundra in Colorado?

How Much is Insurance for a Toyota Tundra in Colorado?

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.

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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.

Toyota Tundra Insurance Rates in Colorado
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.

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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.

Discounts on cheap insurance for a Toyota Tundra in Colorado

Cheaper Colorado car insurance for a TundraAuto 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.

  • State Farm offers premium reductions for student away at school, defensive driving training, multiple policy, Drive Safe & Save, good student, and accident-free.
  • GEICO may include discounts for seat belt use, military active duty, air bags, five-year accident-free, and driver training.
  • Allstate policyholders can earn discounts including early signing, auto/life discount, 55 and retired, economy car, multi-policy, and resident student.
  • SAFECO includes discounts for anti-theft, safe driver, anti-lock brakes, accident prevention training, and teen safety rewards.
  • Farm Bureau may have discounts that include driver training, 55 and retired, youthful driver, multi-policy, and multi-vehicle.
  • Progressive offers discounts including online signing, multi-vehicle, homeowner, online quote discount, good student, and multi-policy.
  • AAA offers discounts for AAA membership discount, good driver, good student, multi-car, multi-policy, pay-in-full, and anti-theft.

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.

Rate increases following a ticket or accident

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!

How to find more affordable auto insurance for a Toyota Tundra

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.

  • Higher credit scores can equal lower rates
  • Higher physical damage deductibles lower rates
  • Pay for small claims rather than turning them in to your insurance company
  • Choose a safer vehicle and pay lower rates
  • Drop full coverage on older vehicles
  • Buying home and auto together can help save money
  • Keep rates low by comparing prices once a year

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.

Progressive, State Farm, Geico, and Allstate compared

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.

Comparison of Top Four U.S. Auto Insurance Companies
Progressive State Farm Geico Allstate
Discounts Available 4th 3rd 2nd 1st
Overall Satisfaction 3rd 4th 1st 2nd
Overall Cost 3rd 2nd 1st 4th
Claims Service 4th 2nd 3rd 1st
Customer recommendation 88% 88% 87% 86%
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
Accident forgiveness Yes No Yes Yes
Rating based on usage Yes Yes No Yes
Roadside assistance Yes Yes Yes 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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