Best Ways to Save on Portland Toyota Tacoma Insurance

Insurance quote for Toyota Tacoma in PortlandIt’s safe to assume that car insurance companies don’t want policyholders to compare prices from other companies. Insureds who shop around at least once a year will presumably switch to a new company because the odds are good of getting low-cost coverage. Surprisingly, a recent survey revealed that consumers who regularly shopped around saved approximately $3,450 over four years compared to policyholders who don’t regularly compare prices.

If finding low prices for insurance is your ultimate goal, then learning a little about how to get rate quotes and compare cheaper coverage can help you succeed in finding affordable rates.

The preferred way to quote cheaper Toyota Tacoma insurance is to regularly compare quotes from different companies who provide car insurance in Portland. You can compare rates by following these guidelines.

  1. Spend a few minutes and learn about how insurance companies determine prices and the changes you can make to keep rates low. Many rating criteria that drive up the price like traffic tickets, fender benders, and a low credit rating can be improved by making small lifestyle or driving habit changes. Read the full article for tips to help prevent expensive coverage and find overlooked discounts.
  2. Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agents can give you price quotes from multiple companies. Start a quote
  3. Compare the new quotes to your existing coverage and determine if cheaper Tacoma coverage is available in Portland. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Notify your company or agent of your decision to cancel your current car insurance policy and submit a signed application and payment to your new insurance company. Once coverage is bound, put the new certificate verifying proof of insurance with your vehicle’s registration.

A valuable tip to remember is that you’ll want to make sure you compare the same amount of coverage on each price quote and and to get rates from as many companies as you can. Doing this ensures a level playing field and many rates to choose from.

Shopping around for affordable auto insurance in Portland is actually quite simple. If you have a policy now or just want to save money, you can use these tips to reduce premiums and still have adequate protection. Smart buyers just need to know the most efficient way to shop for auto insurance using one simple form.

Most major insurance companies such as Progressive, GEICO, Allstate and State Farm provide insurance quotes online. Doing online quotes for Toyota Tacoma insurance in Portland doesn’t take much effort as you just enter your coverage preferences on the page. Once entered, their rating system sends out for information on your driving record and credit history and quotes a price based on the information you submitted. Using the web to get price quotes for Toyota Tacoma insurance in Portland simplifies rate comparisons, and it’s very important to get many rate quotes if you are searching for the lowest possible payments on auto insurance.

If you want to find out how much you can save on auto insurance, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend you replicate the coverage information exactly as they are listed on your policy. This helps ensure you will get a fair comparison for similar coverage.

The companies shown below can provide free quotes in Oregon. To get cheap car insurance in Portland, we suggest you compare several of them in order to get a fair rate comparison.

Get cheaper rates on Toyota Tacoma insurance in Portland with these insurance discounts

Some providers don’t always publicize every available discount in an easy-to-find place, so we took the time to find some of the best known and also the more inconspicuous credits available to you.Save money with discounts

You should keep in mind that some of the credits will not apply to the entire cost. Most only apply to the price of certain insurance coverages like comprehensive or collision. So when the math indicates it’s possible to get free car insurance, it’s just not the way it works.

The information below shows the difference between Toyota Tacoma insurance prices with and without discounts applied to the policy premium. The rates are based on a male driver, no claims, a clean driving record, Oregon state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, marriage, multi-car, and multi-policy discounts applied.

The best insurance companies and some of the premium reductions they offer are outlined below.

It’s a good idea to ask each company or agent which credits you are entitled to. Savings may not be offered in Portland. To choose insurers who offer free Toyota Tacoma insurance quotes in Oregon, click here.

Statistics and details

The coverage table displayed next covers a range of insurance rates for Toyota Tacoma models. Having a good understanding how policy rates are calculated can be of help when making decisions on the best policy coverages.

Toyota Tacoma Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $184 $428 $362 $22 $108 $1,104 $92
Tacoma 4WD $212 $352 $362 $22 $108 $1,056 $88
Tacoma Double Cab 4WD $212 $428 $362 $22 $108 $1,132 $94
Tacoma X-Runner 2WD $212 $504 $362 $22 $108 $1,208 $101
Tacoma Double Cab 4WD $240 $428 $362 $22 $108 $1,160 $97
Tacoma Double Cab TRD Off-Road Package 4WD $240 $428 $362 $22 $108 $1,160 $97
Tacoma Double Cab TRD Sport Package 4WD $240 $428 $362 $22 $108 $1,160 $97
Get Your Own Custom Quote Go

Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can decrease or increase premium rates noticeably.

Deductible analysis

When buying auto insurance, a common question is which deductible level should you buy. The tables below help summarize the differences in premium rates when you buy lower versus higher physical damage coverage deductibles. The first rate estimation uses a $100 deductible and the second price grid uses a $500 deductible.

Toyota Tacoma insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $240 $496 $320 $18 $96 $1,195 $100
Tacoma 4WD $274 $408 $320 $18 $96 $1,141 $95
Tacoma Double Cab 4WD $274 $496 $320 $18 $96 $1,229 $102
Tacoma X-Runner 2WD $274 $586 $320 $18 $96 $1,319 $110
Tacoma Double Cab 4WD $310 $496 $320 $18 $96 $1,265 $105
Tacoma Double Cab TRD Off-Road Package 4WD $310 $496 $320 $18 $96 $1,265 $105
Tacoma Double Cab TRD Sport Package 4WD $310 $496 $320 $18 $96 $1,265 $105
Get Your Own Custom Quote Go

Toyota Tacoma insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $174 $336 $320 $18 $96 $944 $79
Tacoma 4WD $200 $276 $320 $18 $96 $910 $76
Tacoma Double Cab 4WD $200 $336 $320 $18 $96 $970 $81
Tacoma X-Runner 2WD $200 $396 $320 $18 $96 $1,030 $86
Tacoma Double Cab 4WD $226 $336 $320 $18 $96 $996 $83
Tacoma Double Cab TRD Off-Road Package 4WD $226 $336 $320 $18 $96 $996 $83
Tacoma Double Cab TRD Sport Package 4WD $226 $336 $320 $18 $96 $996 $83
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Table data does not factor in specific zip code location which can change coverage rates significantly.

Based on these figures, using a $100 deductible could cost the average driver approximately $21 more each month or $252 every year averaged for all Tacoma models than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 19 months between claims, you would save money going with the higher deductible. The illustration below shows an example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $103
Average monthly premium for $500 deductibles (subtract): – $82
Monthly savings from raising deductible: $21
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Independent versus exclusive insurance agencies

Many people would rather sit down and talk to an agent and that is a smart decision Most agents are very good at helping people manage risk and help submit paperwork. One of the benefits of price shopping on the web is the fact that you can find cheaper premium rates and still have an agent to talk to. And supporting neighborhood insurance agencies is important particularly in Portland.

Portland insurance agentsFor easy comparison, once you complete this form (opens in new window), the quote information is submitted to insurance agents in Portland who will give you bids for your business. You never need to find an agent due to the fact that quote results will go straight to your inbox. If you want to compare prices from a specific company, just jump over to their website and fill out the quote form the provide.

If you want a reputable insurance agent or broker, there are a couple of different types of agencies and how they function. Insurance agencies in Portland can be described as either exclusive or independent (non-exclusive). Both types can handle car insurance, but it’s worth learning the difference between them because it can impact buying decisions.

Independent Agents

Agents of this type are not restricted to one company and that enables them to quote your coverage with a variety of different insurance companies and find you cheaper rates. To move your coverage to a new company, they simply move the coverage in-house which makes it simple for you. When comparing rate quotes, you definitely need to compare quotes from a couple of independent agencies in order to have the best price comparison.

Featured below is a list of independent insurance agents in Portland that may be able to give you comparison quotes.

1500 NW 18th Ave #107Portland, OR 97209(503) 206-6588View Map

5845 SE 82nd AvePortland, OR 97266(503) 777-5406View Map

9201 SE 91st AvePortland, OR 97086(503) 698-3833View Map

View more Portland agents

Exclusive Car Insurance Agencies

These type of agents can only quote rates from one company like AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot place coverage with different providers so you need to shop around if the rates are high. Exclusive insurance agents receive a lot of sales training in insurance sales and that can be a competitive advantage.

Below are Portland exclusive insurance agents that can give you price quotes.

Ernest J Hill Jr – State Farm Insurance Agent
4946 N Vancouver AvePortland, OR 97217(503) 286-1103View Map

8305 SE Monterey Ave #102Portland, OR 97086(503) 653-6392View Map

5915 SE 43rd AvePortland, OR 97206(503) 775-8202View Map

View more Portland agents

Deciding on an insurance agency requires you to look at more than just a cheap price. Here are some questions to ask:

Everyone needs different auto insurance coverages

When it comes to buying your policy for your vehicles, there really isn’t a cookie cutter policy. Coverage needs to be tailored to your specific needs and your auto insurance should be unique as well.Safe vehicles cost less to insure
For instance, these questions can aid in determining if your insurance needs might need professional guidance.

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Toyota Tacoma Insurance Rate Factors

Multiple criteria are part of the calculation when you get your auto insurance bill. Most are fairly basic such as traffic violations, but others are less apparent like your vehicle usage or your vehicle rating. A large part of saving on car insurance is knowing the different types of things that go into determining the rates you pay for car insurance. If you understand what determines premiums, this allows you to make educated decisions that can earn you lower premium levels.

The items below are some of the things that factor into your premiums.

How many coverages with the same company – Some insurance companies allow better rates to buyers who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount applied, drivers will still want to get quotes from other companies to confirm you are receiving the best rates possible.

Bad credit hurts insurance prices – Having a bad credit score factor in calculating your car insurance rates. If your credit rating can be improved, you could save money insuring your Toyota Tacoma if you clean up your credit. People with very good credit scores tend to file fewer claims than those with bad credit.

Drive lots and pay more – The higher the mileage driven in a year’s time the higher your rates will be. Most companies charge rates based upon how much you drive. Cars left parked in the garage receive better premium rates than those that get driven frequently. It’s a good idea to make sure your declarations sheet is rated on the right rating data, because improper ratings can cost you money. An improperly rated Tacoma can result in significantly higher rates.

Gender matters – Over time, data shows that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Men and women are responsible for fender benders in similar percentages, but the male of the species have accidents that have higher claims. Men also tend to get cited for more serious violations such as reckless driving. Male drivers age 16 to 19 are the most expensive to insure and are penalized with high car insurance rates.

The illustration below illustrates the difference between Toyota Tacoma insurance premiums for male and female drivers. The premiums are based on no claims or violations, comprehensive and collision coverage, $500 deductibles, drivers are single, and no policy discounts are applied.

Lower premiums for safer cars – Vehicles with high crash test scores cost less to insure. Vehicles built for safety reduce the chance of injuries and lower rates of occupant injuries means your insurance company pays less and lower rates for you. If your Toyota scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.

Buy as much liability coverage as you can afford – Liability coverage will provide protection in the event that you are found to be at fault for damages from an accident. It provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Youthful drivers pay higher premiums – More mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and are generally more financially stable. Young drivers are known to be inattentive behind the wheel so they pay higher car insurance rates.

The next chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

High performance vehicles cost more to insure – The performance of the vehicle you own makes a substantial difference in your car insurance bill. Small economy passenger models normally have pretty low rates, but your final cost has many other factors.

The following data uses these assumptions: married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. It illustrates Toyota Tacoma policy rates compared to other vehicles that have different performances.

Loss statistics for a Toyota Tacoma – Car insurance companies use past insurance losses when determining insurance costs. Models that are shown to have increased claim numbers or amounts will have increased rates.

The table below demonstrates the insurance loss data for Toyota Tacoma vehicles. For each coverage category, the claim probability for all vehicles as a whole equals 100. Percentage values below 100 indicate better than average losses, while percentage values above 100 indicate more frequent losses or tendency to have larger claims.

Insurance Loss Ratings for Toyota Tacoma Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Tacoma Double Cab 2WD 79 109 70 77 76 92
Toyota Tacoma Double Cab 4WD 82 104 84 64 56 77
Toyota Tacoma Double Cab LWB 2WD 87 108 74 96
Toyota Tacoma Double Cab LWB 4WD 84 104 88 68 57 79
Toyota Tacoma Xtra Cab 2WD 80 105 60 86 75 96
Toyota Tacoma Xtra Cab 4WD 71 90 77 48 51 65

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why you need quality insurance for your vehicle

Despite the high cost of buying insurance for a Toyota Tacoma in Portland, insurance is most likely required but also gives you several important benefits.

First, almost all states have minimum liability requirements which means the state requires specific minimum amounts of liability protection in order to get the vehicle licensed. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.

Second, if you bought your vehicle with a loan, almost every bank will make it mandatory that you carry insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may insure your Toyota at a much higher premium rate and force you to reimburse them the higher price.

Third, insurance protects your Toyota and your assets. It will also cover most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Toyota as the result of the weather or an accident, your insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance are without a doubt worth the cost, especially for larger claims. On average, a vehicle owner in Portland overpays as much as $750 every year so you should quote rates at every renewal to be sure current rates are still competitive.

Quote more to save more

Cost effective Toyota Tacoma insurance is definitely available online as well as from insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies may not provide internet price quotes and most of the time these small, regional companies provide coverage only through independent insurance agencies.

In this article, we presented quite a bit of information on how to find lower-cost Toyota Tacoma insurance in Portland. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. Drivers may even discover the lowest prices are with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm or Progressive.

To read more, feel free to visit the articles below: