Do you want a faster way to compare the cheapest Toyota Tacoma insurance in Las Vegas? Locating low-cost insurance for a Toyota Tacoma in Nevada could be an all-consuming task, but you can learn our auto insurance buying tips to save time.
There are more efficient ways to buy auto insurance so you're going to learn the best way to compare rates for your Toyota and obtain the lowest price from both online companies and Las Vegas agents.
It's important to do price comparisons before your policy renews since insurance prices change regularly. Even if you got the lowest price on Toyota Tacoma insurance in Las Vegas a couple years back a different company probably has better rate quotes today. Forget all the misinformation about auto insurance because you're about to learn the tricks you need to know to reduce your cost while increasing coverage.
If you have insurance now or just want to reduce your rates, you will benefit by learning to reduce premiums without reducing coverage. Obtaining price quotes for the best protection in Las Vegas is easy to do. Comparison shoppers just have to learn the quickest way to buy auto insurance from many companies at once.
The following companies offer free rate quotes in Las Vegas, NV. If multiple providers are shown, we recommend you click on several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$294||$590||$416||$24||$124||$1,448||$121|
|Tacoma X-Runner 2WD||$242||$520||$318||$18||$96||$1,194||$100|
|Tacoma Double Cab 4WD||$212||$318||$314||$18||$94||$956||$80|
|Tacoma Double Cab TRD Off-Road Package 4WD||$290||$470||$314||$18||$94||$1,186||$99|
|Tacoma Double Cab TRD Sport Package 4WD||$298||$494||$416||$24||$124||$1,356||$113|
|Get Your Own Custom Quote Go|
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate information does not factor in specific location which can increase or decrease coverage prices substantially.
Rate increases following a ticket or accident
The information below shows how traffic citations and at-fault accidents impact Toyota Tacoma insurance rates for each age group. The premiums are based on a single male driver, full coverage, $250 deductibles, and no additional discounts are factored in.
Toyota Tacoma liability rates compared to full coverage
The illustration below illustrates the comparison of Toyota Tacoma insurance rates when comparing full coverage to liability only. The rate quotes are based on no violations or accidents, $100 deductibles, married female driver, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no exact rule that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let's pretend your Toyota Tacoma replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If premium cost is more than $600 annually for physical damage coverage, then it's probably a good time to buy liability coverage only.
There are a few cases where buying only liability insurance is not in your best interest. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Impact of age and gender on auto insurance rates
The illustration below illustrates the difference between Toyota Tacoma car insurance costs for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are taken into consideration.
Do you qualify for discounts?
Not many people think insurance is cheap, but there's a good chance there are discounts to reduce the price significantly. Certain discounts will be applied when you complete an application, but occasionally some discounts must be manually applied before they will apply. If you check and find you aren't receiving every discount available, it's possible you qualify for a lower rate.
- Seat Belts Save more than Lives - Drivers who always wear seat belts and also require passengers to buckle up before driving can save up to 10 percent (depending on the company) off the personal injury premium cost.
- Early Renewal Discounts - Select insurance companies give a discount for buying a new policy before your current coverage expires. You could save around 10% when you buy Las Vegas auto insurance online.
- Federal Employees - Being employed by or retired from a federal job may reduce rates when you quote Las Vegas auto insurance with select insurance companies.
- Resident Student - Any of your kids who are enrolled in higher education away from home and do not take a car to college may be insured at a cheaper rate.
- More Vehicles More Savings - Buying coverage for multiple cars or trucks on a single policy qualifies for this discount.
- Fewer Miles Equal More Savings - Driving less may allow you to get better premium rates on cars that stay parked.
- Driver Training Discounts - Participating in a course that instructs on driving safety could earn you a small percentage discount and also improve your driving technique.
- Life Insurance Discount - Some insurance carriers give lower insurance rates if you buy auto and life insurance together.
- Discount for Home Ownership - Being a homeowner may earn you a small savings due to the fact that maintaining a home shows financial diligence.
It's important to note that most discount credits are not given to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn't make money that way.
If you would like to see a list of insurance companies who offer free Toyota Tacoma insurance quotes in Las Vegas, follow this link.
Local Las Vegas auto insurance agents and insurance
Certain consumers still prefer to sit down and talk to an agent and there is nothing wrong with that. Agents can answer important questions and help submit paperwork. A nice benefit of comparing insurance online is that drivers can save money and get cheap rate quotes but still work with a licensed agent. Putting coverage with neighborhood insurance agencies is especially important in Las Vegas.
After completing this form (opens in new window), your coverage information is transmitted to insurance agents in Las Vegas who will return price quotes for your coverage. There is no reason to search for any insurance agencies because prices are sent immediately to your email address. If you wish to quote rates for a specific company, you can always jump over to their website and fill out the quote form the provide.
When researching a reliable insurance agency, you must know there are a couple types of insurance agents and how they can quote your rates. Insurance policy providers can be classified as either exclusive agents or independent agents. Either type can write policy coverage, but it is important to understand the difference in how they write coverage since it may influence your selection of an agent.
Independent Insurance Agents (or Brokers)
Agents that choose to be independent do not have single company limitations and that gives them the ability to insure with any number of different companies and potentially find a lower price. If your agent finds better pricing, they simply switch companies in-house and you don't have to find a new agent. When comparing rates, we recommend you get some free quotes from several independent agencies to get the most accurate price comparison. Most also have access to additional companies that you may not be familiar with which may have better rates.
The following is a short list of independent insurance agencies in Las Vegas that may be able to give free rate quotes.
- All Nevada Insurance
9440 W Sahara Ave #210 - Las Vegas, NV 89117 - (702) 873-4889 - View Map
- AMS Insurance
9960 W Cheyenne Ave #240 - Las Vegas, NV 89129 - (702) 965-3680 - View Map
- Las Vegas Auto Insurance
1953 N Decatur Blvd - Las Vegas, NV 89108 - (702) 570-5777 - View Map
Exclusive Insurance Agencies
Exclusive insurance agents can only provide one company's prices like Allstate, Farmers Insurance, State Farm, and AAA. They usually cannot shop your coverage around so it's a take it or leave it situation. Exclusive insurance agents are well schooled in insurance sales which helps them compete with independent agents. Drivers often use the same exclusive agent mainly due to the brand name rather than having low rates.
Listed below are Las Vegas exclusive insurance agents willing to provide rate quotes.
- Ron Reedom - State Farm Insurance Agent
1943 N Nellis Blvd - Las Vegas, NV 89115 - (702) 459-9546 - View Map
- Tod Young - State Farm Insurance Agent
7450 W Cheyenne Ave #105 - Las Vegas, NV 89129 - (702) 367-4900 - View Map
- Allstate Insurance: Yukin Kwan
4001 S Decatur Blvd Ste 4 - Las Vegas, NV 89103 - (702) 530-8822 - View Map
Finding the right car insurance agent should include more criteria than just the quoted price. Ask your prospective agent these questions:
- What is the financial rating for the quoted company?
- How are they compensated?
- Do the coverages you're quoting properly cover your vehicle?
- Will the agent or a CSR service your policy?
- Does the quote include credit and driving reports?
- Where are claims handled?
- If they are an independent agency in Las Vegas, which companies do they recommend?
What insurance coverages do I need?
When it comes to coverage for your vehicles, there really isn't a perfect coverage plan. Everyone's situation is unique.
These are some specific questions could help you determine whether your personal situation will benefit from professional help.
- I don't drive much so do I pay less?
- Is my cargo covered for damage or theft?
- Do I have coverage if my license is suspended?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Am I covered when driving in Canada or Mexico?
- What is an adequate liability insurance limit?
- When would I need rental car insurance?
- Do I have coverage when pulling a U-Haul trailer?
- Can my babysitter drive my car?
If you're not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form. It's fast, free and may give you better protection.
How to Lower Your Insurance Costs
Part of the insurance buying process is learning the rating factors that are used to determine your insurance rates. When you know what positively or negatively positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you cheaper rates.
The items below are a partial list of the pieces that factor into your premiums.
High comp and collision deductibles reduce prices - The deductibles you choose tell how much you are willing to pay out-of-pocket before your insurance pays a claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims would be rearending another vehicle, fire damage, and damage from wind. The more damage repair cost the insured is willing to pay, the bigger discount you will receive.
Don't skimp on liability - Liability coverage will protect you if ever you are found liable for damages caused by your negligence. Your liability coverage provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
Expect high rates for teens - Inexperience drivers are statistically shown to be more careless behind the wheel and because of this, their insurance rates are much higher. Older insureds tend to be more responsible, are lower risk to insure, and get fewer tickets.
Accidents are costly - Good drivers pay lower auto insurance prices as compared to those with violations. Having a single speeding ticket or other violation can bump up the cost twenty percent or more. Drivers who have flagrant violations such as hit and run, DWI or reckless driving convictions may find that they have to to file a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
Lower premiums for safer vehicles - Cars with five star safety ratings get lower rates. Safer cars reduce injuries and reduced instances of injuries means less money paid by your insurance company and lower rates for you. If your Toyota Tacoma 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.
Save money with theft deterrents - Buying a car that has a built-in theft deterrent system can save you a little every year. Advanced theft deterrents like GM's OnStar, tamper alarm systems and vehicle immobilizers all help prevent car theft and help bring rates down.
Pay more for higher performance vehicles - The performance level of the car you need to insure makes a substantial difference in your premium level. The lowest premiums will generally be found on low performance passenger cars, but that's not the only thing that factors into the final price. Because the Toyota Tacoma falls in the pickup truck class, insurance will be similar in price when compared to the average rates in Las Vegas.
Toyota Tacoma insurance loss statistics - Insurers include the past claim history for a vehicle when setting rates for each model. Models that the data shows to have a trend towards higher claim severity or frequency will have higher rates.
The table below demonstrates the collected loss data for Toyota Tacoma vehicles. For each coverage type, the claim amount for all vehicles compiled together is represented as 100. Numbers shown that are under 100 represent a good loss history, while numbers above 100 indicate more frequent claims or tendency to have higher losses.
Insurance Loss Ratings for Toyota Tacoma Vehicles
|Vehicle 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
Car insurance does more than just protect your car
Despite the high insurance cost for a Toyota Tacoma in Las Vegas, buying car insurance is not optional due to several reasons.
First, almost all states have minimum liability requirements which means the state requires a specific minimum amount of liability coverage in order to get the vehicle licensed. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your vehicle with a loan, most banks will stipulate that you have comprehensive coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Toyota at a much higher rate and require you to fork over the higher premium.
Third, insurance safeguards both your vehicle and your personal assets. It will also cover hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying car insurance more than cancel out the cost, particularly when you have a large claim. Despite what companies tell you, the average driver is overpaying over $855 a year so smart consumers compare quotes at least once a year to ensure rates are inline.
Cover all your bases
Budget-friendly auto insurance in Las Vegas is available both online and with local Las Vegas insurance agents, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who may not provide online price quotes and many times these regional carriers sell through independent agents.
When getting Las Vegas auto insurance quotes online, it's a bad idea to sacrifice coverage to reduce premiums. In many instances, an accident victim reduced uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to find the BEST coverage for the lowest price, not the least amount of coverage.
We just showed you a lot of techniques to shop for Toyota Tacoma insurance online. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers could even find that the lowest rates are with a small local company.
More learning opportunities
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance Rates for a Subaru Outback in Nevada? (FAQ)
- What is the Best Cheap Auto Insurance in North Las Vegas, NV? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Nissan Altima in Nevada? (FAQ)
- Who Has the Cheapest Nevada Car Insurance Rates for a Company Car? (FAQ)
- How Much is Nevada Auto Insurance for Real Estate Agents? (FAQ)
- Think You're a Safe Driver? (State Farm)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Prepare your Teens for Safe Driving (InsureUonline.org)