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

Your chances of finding the cheapest car insurance for a Toyota Tacoma in Michigan hinges on a lot of things like whether or not you own a home, the insurance company you are currently insured with, and any driving offenses on your record. Michigan drivers on average pay approximately $1,600 each year to insure a Toyota Tacoma, but that cost is an approximation based on rates for a 50-year-old married female who needs both comprehensive and collision coverage and $500 deductibles.

There is a high probability that you are not a 50-year-old female, single instead of married, and you probably do not live in the same zip code as the example. What seems to be a minor change in quote information can cause big changes in quoted rates.

Every driver’s needs are different, and that is why your best chance at finding cheap insurance prices for your Toyota is to make a habit of regularly comparing rates from other companies.

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The trim level of your vehicle tends to have a direct effect on the cost of coverage, so the cost to insure a Tacoma 2WD model will cost $86 less than the price to insure the fancier Tacoma Double Cab TRD Sport Package 4WD model, as shown in the table below.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in specific garaging location which can alter prices substantially.

How to find a good Michigan car insurance company

Choosing the best car insurance company can be challenging considering how many choices there are in Michigan. The ranking information displayed below can help you select which car insurance companies you want to consider comparing rates with.

The rankings below are only comprised of companies with a national presence, so smaller regional companies are not taken into consideration for the list. To compare price quotes from these and other companies in Michigan, follow this link.

Top 10 Large Auto Insurance Providers in Michigan Ranked by Customer Service

1. The Hartford
2. American Family
3. Progressive
4. GEICO
5. USAA
6. State Farm
7. Farmers Insurance
8. Allstate
9. Safeco Insurance
10. Liberty Mutual

Top Companies for Toyota Tacoma Insurance in Michigan

Get discount Michigan car insurance

Insurance providers that offer the cheapest insurance for a Toyota Tacoma in Michigan may provide discounts that could potentially reduce rates by 30% or more if you meet specific criteria. A list of car insurance companies and some of the premium reductions they offer are outlined below.

• American Family offers discounts including Steer into Savings, TimeAway discount, defensive driver, good student, mySafetyValet, and multi-vehicle.
• State Farm discounts include good student, defensive driving training, Steer Clear safe driver discount, driver’s education, and accident-free.
• 21st Century includes discounts for teen driver, defensive driver, 55 and older, driver training, theft prevention, anti-lock brakes, and homeowners.
• Travelers has discounts for driver training, hybrid/electric vehicle, continuous insurance, save driver, student away at school, early quote, and new car.
• GEICO may include discounts for anti-lock brakes, air bags, multi-vehicle, membership and employees, and federal employee.

The example below illustrates the comparison of yearly insurance costs with and without discounts. The premiums are based on a female driver, no tickets, no at-fault accidents, Michigan state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with defensive driving course, accident-free, anti-theft, safe-driver, multiple policy, and claim-free discounts applied. When these discounts are applied to the policy premium, the the average yearly reduction on car insurance for a Toyota Tacoma is 28% or $1,129.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 6001,4313],[‘Age 30’, 4131,2991],[‘Age 40’, 3835,2773],[‘Age 50’, 3353,2425],[‘Age 60’, 3237,2343],[‘Age 70’, 3783,2723]]);var options = {title: ‘Insurance Premium Comparison for a Toyota Tacoma’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tacoma in Michigan’,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 example below illustrates how your deductible choice can raise or lower insurance costs when getting quotes for cheap insurance for a Toyota Tacoma. The information is based on a married female driver, comp and collision included, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 5261,4817,4301,3807],[‘Age 30’, 3691,3369,2987,2621],[‘Age 40’, 3637,3323,2959,2609],[‘Age 50’, 3187,2917,2603,2301],[‘Age 60’, 3039,2779,2475,2185],[‘Age 70’, 3245,2969,2659,2365]]);var options = {title: ‘Deductibles and Toyota Tacoma Insurance Rates in Michigan’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Tacoma’,minValue: 0,format: ‘$###,###’},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);}

A 50-year-old driver could reduce rates by $584 a year by increasing from a $100 deductible to a $500 deductible, or save $886 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, have the ability to save as much as $1,454 or more by using a higher deductible.

When choosing a higher deductible, it is important to have enough in a savings account to be able to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Who has the cheapest Toyota Tacoma insurance quotes?

Drivers have a lot of different ways to get affordable car insurance quotes in Michigan, but the most popular are either through a non-exclusive or independent agent, an exlusive agent like Auto-Owners or State Farm, or buying direct from a company like Progressive or Geico.

All three ways can provide car insurance quotes, but each is slightly different in how they provide rate quotes.

Independent insurance agencies can place your business with multiple companies and can compare coverage rates with every one. Independent agents do not work for one specific company and can compare multiple rates, which may provide you with the best idea of how your rates compare. If your agent finds better pricing, your policy can be easily switched to a different company and you can remain with the same agent.

A captive, or exclusive, agent is only able to place business with just one company, two examples being State Farm and Allstate agents. Exclusive agents generally are unable to provide rates from more than one company, so if rates are not competitive, they cannot shop around.

The last way is buying direct, which means you do not use local insurance agents and instead buy from a direct company like Geico or Esurance. Shopping direct is good for drivers who do not need advice for asset protection and have a good understanding of how car insurance works and possible exclusions.

Which way works best to find the cheapest insurance for a Toyota Tacoma in Michigan? It would be easy to say shopping direct saves money because there are no middleman commissions, but that generally is not the case. A good argument could also be made that using an independent agent results in the cheapest rates because they can shop around, but again, it’s not a sure thing. And sometimes, exclusive agents may have very competitive prices that are the lowest in Michigan.

Because there is so much variation in car insurance prices, the only real way to get the lowest rate is to compare rate quotes from as many companies as possible. It’s a good idea to get prices from all three to have the best selection of rates to choose from. For a list of companies with some of the cheapest Michigan car insurance rates, click here to view.

Ideas to find cheaper insurance for a Toyota Tacoma

It’s not impossible to find cheaper rates, and here are some thrifty solutions that can help Michigan drivers locate cheaper auto insurance.

• Staying accident-free helps keep rates low
• Keep your driving record clean
• Pay for small claims rather than turning them in to your insurance company
• Vehicles with good safety ratings are usually cheaper to insure
• Home or renters coverage can save on auto insurance
• Do not pay for full coverage on older vehicles
• Compare prices as often as possible

The final tip is remarkably important, as we pointed out in the article above. Auto insurance rates in Michigan can change considerably in a year, so drivers shouldn’t be reluctant to buy a policy from a new company if a better rate can be found. We understand brand loyalty, but it’s not recommended if that inflexibility results in costing you a fortune every year. Take a few minutes and compare rates to find cheaper car insurance for a Toyota Tacoma.