How Much Does Insurance Cost for a Toyota Tundra in Montana?

How Much Does Insurance Cost for a Toyota Tundra in Montana?

Finding the cheapest coverage for a Toyota Tundra in Montana is dependent upon a complex formula that factors things such as miles driven annually, your credit rating, and your policy deductibles. Drivers pay an average rate of $1,740 per year for Tundra insurance, but that is an estimation using rating data for a 50-year-old married male that included full comprehensive and collision coverage and $250 physical damage deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not 50 years old and maybe not even male, single instead of married, or maybe you don’t qualify for the same discounts. Having the smallest difference in policy rating criteria or coverages can precipitate large changes in the cost of insurance for a Toyota Tundra.

This illustrates why the only way to find affordable rates for your Toyota is to make a habit of comparing rates at every renewal. In just a couple of minutes you will receive prices from some of the best companies that sell coverage in Montana.

Find Cheaper Toyota Tundra Insurance

Vehicle trim level will influence price, so the price you will pay to insure a Tundra Regular Cab 2WD trim level will be $364 less than the cost to insure the fancier Tundra SR/5 Crew Max 4WD model, as shown in the prices below.

Toyota Tundra Insurance Rates in Montana
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $304 $528 $628 $38 $188 $1,686 $141
Tundra SR/5 Double Cab 2WD $350 $642 $628 $38 $188 $1,846 $154
Tundra SR/5 Crew Max 2WD $350 $642 $628 $38 $188 $1,846 $154
Tundra Regular Cab 4WD $394 $642 $628 $38 $188 $1,890 $158
Tundra Double Cab 4WD $394 $642 $628 $38 $188 $1,890 $158
Tundra SR/5 Double Cab 4WD $394 $642 $628 $38 $188 $1,890 $158
Tundra Limited Double Cab 2WD $394 $756 $628 $38 $188 $2,004 $167
Tundra Limited Crew MAX 2WD $394 $756 $628 $38 $188 $2,004 $167
Tundra Limited Crew MAX 4WD $440 $756 $628 $38 $188 $2,050 $171
Tundra SR/5 Crew Max 4WD $440 $756 $628 $38 $188 $2,050 $171
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Montana minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific Montana garaging location which can impact rates substantially.

Buying coverage from the highest-rated car insurance company can be a challenge considering how many companies sell coverage in Montana. The company ratings in the lists below may help you choose which companies you want to consider purchasing coverage from. The ratings below are for insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Montana are not taken into consideration for this list.

Top 10 Major Car Insurance Companies Overall in Montana

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Progressive
  9. Allstate
  10. Nationwide

Top Companies for Toyota Tundra Insurance in Montana

How to get discounts on Montana car insurance

Cheaper Montana car insurance for a TundraInsurance providers that sell cheap insurance for a Toyota Tundra in Montana may provide price discounts that may potentially lower prices by 40% or more if you qualify. Larger car insurance companies and a summarized list of policyholder discounts are:

  • American Family has savings for mySafetyValet, bundled insurance, multi-vehicle, Steer into Savings, and TimeAway discount.
  • Farm Bureau policyholders can earn discounts including good student, safe driver, 55 and retired, multi-policy, renewal discount, youthful driver, and multi-vehicle.
  • State Farm offers discounts including defensive driving training, good driver, multiple autos, student away at school, good student, and safe vehicle.
  • Travelers may offer discounts for hybrid/electric vehicle, good student, student away at school, driver training, home ownership, and multi-policy.
  • The Hartford has discounts for good student, air bag, defensive driver, bundle, anti-theft, and driver training.
  • GEICO may have discounts that include anti-lock brakes, air bags, federal employee, defensive driver, emergency military deployment, driver training, and five-year accident-free.
  • Progressive discounts include multi-policy, online quote discount, online signing, good student, and homeowner.

The example below visualizes the comparison of insurance costs with and without some available policy discounts. The data is based on a male driver, no accidents, no driving violations, Montana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, passive restraint, safe-driver, accident-free, multiple policy, and marriage discounts applied. When drivers qualify for the discounts, the the average yearly reduction on car insurance for a Toyota Tundra is 28% or $877.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 5285,3787],[‘Age 30’, 2801,2019],[‘Age 40’, 2711,1953],[‘Age 50’, 2479,1787],[‘Age 60’, 2409,1733],[‘Age 70’, 3009,2155]]);var options = {title: ‘Insurance Premium Comparison for a Toyota Tundra’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tundra in Montana’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The illustration below shows how different deductible levels can increase or decrease insurance costs when searching for cheap insurance for a Toyota Tundra. Data assumes a single male driver, comp and collision included, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 7107,6505,5847,5227],[‘Age 30’, 3671,3391,3065,2749],[‘Age 40’, 3631,3331,2989,2665],[‘Age 50’, 3299,3033,2727,2439],[‘Age 60’, 3193,2937,2649,2373],[‘Age 70’, 3901,3605,3281,2975]]);var options = {title: ‘Impact of Deductibles on Toyota Tundra Insurance Rates in Montana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tundra’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 40-year-old driver could cut expenses by $572 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $860 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, can cut up to $1,880 each year just by using higher deductibles.

When increasing deductibles, it will be necessary to have emergency funds available to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.

Cheapest Toyota Tundra insurance quotes

Thanks to the internet, there are a lot of ways to shop around for car insurance in Montana, but the most frequently used ways are from a captive (or exclusive) agent such as State Farm or Liberty Mutual, an independent or non-exclusive agent, or from a direct company like Progressive or Geico.

They all follow the same basic process, but each is different in how they give price quotes.

Independent agencies work with multiple companies and can compare coverage rates with every one. They have the freedom to provide you with more rate quotes, which may provide you with improved odds of finding cheaper coverage. If prices rise, you can get a different policy without you having to go to a different agency.

A captive, or exclusive, agent is contracted to one company, examples being Allstate or Farmers Insurance agents. These agents usually cannot shop your coverage around, so if rates are high, they cannot give you alternative choices.

If you buy direct, you skip the middleman (the agent) and instead buy direct either online or via phone. This car insurance option is a good choice for people who do not need complex risk management and know what is covered and what is not.

So which of the methods works best to buy cheap insurance for a Toyota Tundra in Montana? The majority of car insurance shoppers assume that buying direct saves money since no commissions are paid to an agent, but that turns out to not be true. A valid argument could also be made that going through an independent agent is the best way because they can shop around, but that’s not always true, either. And sometimes, exclusive agents have price quotes that are well below what direct and independents offer.

Because there is so much variation in car insurance prices, the best method to get rock-bottom rates is to compare, compare, and compare some more. To find the best rates, be sure to get quotes from all three types to have the best rate selection. We compiled a list of companies with some of the cheapest online rates that you can click here to view.

How to find cheap insurance for a Toyota Tundra in Montana

Below you’ll find some money-saving solutions that can help drivers buy more affordable coverage.

  • Try to pay small claims out-of-pocket
  • Bundle home and auto and save
  • Buy vehicles with five-star safety ratings
  • Serious violations like DUI or reckless driving can increase rates dramatically
  • Avoid accidents
  • Don’t waste money on full coverage for older vehicles
  • Keep rates low by shopping around frequently

That final tip is incredibly crucial, as we noted in this article. Prices charged by auto insurers can change considerably based on profitability, so don’t hesitate to buy a policy from a new company if a cheaper rate is available.

Having brand loyalty is commendable, but it’s not a good idea if your bullheadedness ends up costing you lots of money. Now is a great time to compare prices and find cheaper car insurance for a Toyota Tundra.