Who Has the Cheapest Insurance for a Toyota Tacoma in Illinois?

Your chances of buying affordable car insurance for a Toyota Tacoma in Illinois depends on many different factors like age of the driver, if you have prior claims, and your motor vehicle report. Drivers pay approximately $980 per year for Tacoma insurance, but that price is an estimation assuming a 40-year-old single male driver that wants full comprehensive and collision coverage and $100 physical damage deductibles.

But there is a high probability that you are not 40 and maybe not even a male, married instead of single, or maybe you had a chargeable driving offense. Insurance is an individual thing, so the best way to quote cheap insurance rates for your Toyota is to get into the habit of shopping around regularly.

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Vehicle trim level will be a contributing factor to the insurance rate, so the price you will pay to insure a Tacoma 2WD trim level will be $56 less than the cost to insure the more costly Tacoma Double Cab TRD Sport Package 4WD model, as shown in the chart below.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Price estimates do not factor in Illinois location which can modify coverage rates noticeably.

Finding the highest-rated car insurance provider is difficult considering how many different companies insure vehicles in Illinois. The company ratings in the next section may help you pick which auto insurers to look at putting your business with. These ratings are only made up of the largest auto insurers in America, so companies that only write business in Illinois or surrounding areas are not taken into consideration for this list.

How careless driving impacts Illinois auto insurance rates

In a perfect world, the ideal way to get affordable auto insurance prices for a Tacoma is to be an attentive driver and not receive tickets or have accidents. The illustration below shows how speeding tickets and accidents increase annual premium costs for different age groups. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

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The data charted above shows the average cost of auto insurance per year with a clean driving record and no accidents is $1,487. Get written up for two speeding tickets and the average cost jumps to $1,965, an increase of $478 each year. Now add one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Toyota Tacoma goes up to an average of $2,440. That’s an increase of $953, or $79 per month, just for not being a responsible driver!

Price comparison of only insuring for liability

Finding the cheapest insurance for a Toyota Tacoma in Illinois is the goal of the majority of vehicle owners, and one great way to pay less for insurance is to not pay for full coverage. The example below illustrates the difference between insurance prices with liability coverage only compared to full coverage. The information is based on no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3101,933],[‘Age 30’, 1623,515],[‘Age 40’, 1605,477],[‘Age 50’, 1457,447],[‘Age 60’, 1409,441],[‘Age 70’, 1699,587]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tacoma in Illinois’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

As an average for all age groups, comp and collision coverage costs $1,816 per year more than carrying just liability coverage. That may make you wonder if it’s a good idea to buy full coverage. There is no definitive rule to eliminate full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after the deductible is paid. If premiums are more than $300 annually to have full coverage, then it could be time to drop full coverage.

How to find the cheapest insurance for a Toyota Tacoma in Illinois

The list below shows some of the recommended money-saving suggestions that can help Illinois drivers locate the cheapest auto insurance.

• Higher credit scores may earn you cheaper rates
• Buy a car with high safety ratings
• Do not get into accidents
• If possible, pay for small claims out-of-pocket
• Ensure your driving record is clean
• Compare prices as often as possible

That last idea is extremely crucial, as we hit on in this article. Car insurance rates in Illinois can be adjusted at any time, so you should be ready to buy from a different company if you find a better deal.

Brand loyalty is not necessarily bad, but we do not recommend it if it’s costing you a small fortune year after year. Take a couple minutes and shop around to find cheaper car insurance for a Toyota Tacoma.

Geico, State Farm, Progressive, and Allstate: Who is cheapest?

When it comes to insurance for a Tacoma, the companies with the most market share are Geico, State Farm, Progressive, and Allstate. When added together, they insure over 45% of all auto insurance policies in force. The following table compares and contrasts pricing and service ratings, plus some optional coverages you can expect with each one.