Finding the best cheap auto insurance for a Toyota Tacoma in New Jersey depends on a lot of rating criteria such as how old the vehicle is, your address, and citations on your driving record. Drivers pay on average $1,004 annually to insure their Tacoma, but that cost is a valuation using a 50-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.
But there is a high probability that you’re not a 50-year-old male, single instead of married, or maybe your Tacoma is old enough that it doesn’t require full coverage. There is no one cookie-cutter policy that works for everyone, so the way we recommend to find the cheapest rates for your Toyota is to do your own rate comparisons.
The trim level of your Tacoma will be a contributing factor to the yearly cost, so the rate you pay to insure a Tacoma 2WD model will be $46 cheaper than the price to insure the more expensive Tacoma Double Cab TRD Sport Package 4WD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$178||$334||$462||$28||$138||$1,140||$95|
|Tacoma X-Runner 2WD||$178||$394||$462||$28||$138||$1,200||$100|
|Tacoma Double Cab 4WD||$202||$334||$462||$28||$138||$1,164||$97|
|Tacoma Double Cab TRD Off-Road Package 4WD||$202||$334||$462||$28||$138||$1,164||$97|
|Tacoma Double Cab TRD Sport Package 4WD||$202||$334||$462||$28||$138||$1,164||$97|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Table data does not factor in your specific Newark location which can decrease or increase coverage rates substantially.
Picking a high-quality car insurance provider can be rather challenging considering how many companies there are in New Jersey. The rank data in the lists below could help you choose which car insurance companies to look at when shopping insurance around for a Toyota Tacoma.
The ratings below include companies that insure vehicles nationwide, so smaller companies that only insure vehicles in New Jersey are not taken into consideration for this list. If you wish to compare rates from these top-rated insurers and more, click here.
Top 10 Large Car Insurance Companies in Newark Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- State Farm
- Farmers Insurance
Top 10 Large Car Insurance Companies in Newark Ranked by A.M. Best Rating
- GEICO – A++
- Travelers – A++
- State Farm – A++
- USAA – A++
- Allstate – A+
- Nationwide – A+
- Mercury Insurance – A+
- Progressive – A+
- The Hartford – A+
- Esurance – A+
Get discounts on Newark auto insurance
Insurance companies that offer quotes for a Toyota Tacoma could also offer rate discounts that may potentially lower prices by as much as 35% if you meet the requirements. The best car insurance companies and the discounts they provide are:
- State Farm policyholders can earn discounts including safe vehicle, defensive driving training, accident-free, anti-theft, multiple policy, and student away at school.
- Nationwide may have discounts that include good student, anti-theft, accident-free, Farm Bureau membership, and multi-policy.
- GEICO may offer discounts for anti-lock brakes, driver training, military active duty, daytime running lights, emergency military deployment, and air bags.
- AAA includes discounts for education and occupation, pay-in-full, good driver, AAA membership discount, good student, multi-policy, and anti-theft.
- 21st Century offers premium reductions for good student, anti-lock brakes, student driver, 55 and older, early bird, teen driver, and theft prevention.
- The Hartford discounts include defensive driver, bundle, vehicle fuel type, driver training, anti-theft, and good student.
The diagram below visualizes the comparison of auto insurance rates with and without discounts applied to the rates. The premiums are based on a male driver, no claims or driving violations, New Jersey state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with claim-free, defensive driving course, homeowner, passive restraint, marriage, and multiple policy discounts applied. In this example, the average savings per year on car insurance for a Toyota Tacoma is 28% or $658.
Are you paying too much for car insurance?
Newark, NJ car insurance rates are influenced by many factors that control your annual premium. Simply having a birthday, buying a home instead of renting, or having a fender bender can trigger changes in premium resulting in some companies being more affordable than others.
Not only may your situation change, but insurers change premium rates multiple times each year as an adjustment for underwriting gains or losses. Larger than normal claims may cause higher rates, while a profitable period can result in lower-priced Tacoma insurance rates.
The bar chart below shows the cheapest car insurance in Newark, NJ for a 45-year-old female driver with no violations or accidents, and good financial standing. If we compare prices based on her current situation, 21st Century might quote the lowest car insurance rates in Newark at $1,591 each year. This is $261 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Palisades, and Penn National are the remainder of the most affordable Newark, NJ auto insurance companies.
Now we will give the driver from the above example an accident claim, poor credit, and a speeding ticket. Since every insurance provider uses their own method for filing rates in each state, analyzing rate quotes may result in a slightly different list of the cheapest Newark car insurance companies as shown below.
The Hartford now has the cheapest price in Newark with Allstate, Travelers, USAA, and Mercury also being competitive. This example demonstrates why consumers need to perform a complete rate comparison to get the most affordable insurance rates for a Toyota Tacoma. Prices are calculated by many risk factors and can increase or decrease at any time, so the cheapest rate the last time you shopped your coverage around may now be one of the higher cost companies.
How to find low-cost insurance for a Toyota Tacoma
The list below shows a few money-saving suggestions that can help Newark drivers buy cheap coverage.
- Drop full coverage on older vehicles
- Bundle home or renters insurance to earn a discount on car insurance
- Higher physical damage deductibles lower rates
- Choose a safer vehicle and pay lower rates
- Having too many claims will increase rates substantially
- Better credit rating means better rates
- Compare rates once a year for cheaper prices
The last idea is extremely significant, as was affirmed in this article. Coverage rates can be adjusted at any time, so drivers shouldn’t hesitate to switch to a new company if a lower price can be found. Sticking with a specific company is fine, but it’s not a good idea if it’s costing you hundreds of dollars year after year. In less than five minutes you could compare prices and find cheaper insurance for a Toyota Tacoma in Newark.
The agencies below can help you determine which auto insurance policy fits you best, as some drivers aren’t sure which coverage they need and prefer to have some advice when comparing insurance rates for a Toyota Tacoma. It can be time-consuming to find coverage yourself, and getting professional guidance from a licensed agent can provide you satisfaction knowing your coverage gives you adequate asset protection.
To locate a Newark insurance agent close to you, click the link after the list.
- Ironbound Business Insurance
275 Chestnut St – Newark, NJ 07105 – (866) 497-1001
- Astor C Wilson Insurance Agency
88 Pacific St – Newark, NJ 07105 – (973) 491-0002
- Te Freuler
274 Chestnut St – Newark, NJ 07105 – (973) 274-0500