Who Has the Cheapest Auto Insurance for a Toyota Tacoma in Charlotte?

Finding economical car insurance for a Toyota Tacoma relies on an enormous amount of factors such as how old the vehicle is, your occupation, and driving violations and tickets. Drivers in North Carolina will pay around $850 annually for Tacoma insurance, but that cost is an estimation based upon a 50-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.

There’s a high likelihood you aren’t exactly 50 years old or even a male, possibly married instead of single, or maybe you have a teenager that needs to be on your policy. There is no perfect policy for every driver, so the only way to find cheap insurance prices for your Toyota is to do the rate comparisons yourself.

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The trim level of your Toyota will likely have an effect on the yearly cost, so the rate you will pay to insure a Tacoma 2WD will be $48 cheaper than the insurance cost for the fancier Tacoma Double Cab TRD Sport Package 4WD version, as shown below.

Toyota Tacoma Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $160 $398 $282 $16 $84 $940 $78
Tacoma 4WD $184 $328 $282 $16 $84 $894 $75
Tacoma Double Cab 4WD $184 $398 $282 $16 $84 $964 $80
Tacoma X-Runner 2WD $184 $470 $282 $16 $84 $1,036 $86
Tacoma Double Cab 4WD $208 $398 $282 $16 $84 $988 $82
Tacoma Double Cab TRD Off-Road Package 4WD $208 $398 $282 $16 $84 $988 $82
Tacoma Double Cab TRD Sport Package 4WD $208 $398 $282 $16 $84 $988 $82
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in specific garaging location which can modify prices noticeably.

Best auto insurance company in North Carolina

Finding the best car insurance company can be difficult considering how many companies provide coverage in North Carolina. The company information in the next section can help you pick which auto insurance companies to look at shopping prices with. These rankings are for the companies with a significant amount of written premium nationwide, so companies without a large exposure are not included in the list.

Top 10 Major Auto Insurers in Charlotte Ranked by Customer Service

  1. USAA
  2. Travelers
  3. AAA Insurance
  4. Nationwide
  5. Safeco Insurance
  6. Progressive
  7. State Farm
  8. The Hartford
  9. The General
  10. Esurance

Top 10 Major Auto Insurers in Charlotte Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Drive safe and save

The obvious way to get the most affordable auto insurance rates for a Tacoma is to drive carefully and avoid accidents and keep your driving record clean. The example below illustrates how violations and at-fault claims impact auto insurance rates for different age groups. The premium estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

In the chart above, the average cost of auto insurance in Charlotte per year with no accidents and a clean driving record is $1,215. Get written up for one speeding ticket and the average cost swells to $1,393, an increase of $179 each year. Then include one accident along with the one speeding ticket and the yearly cost of auto insurance for a Toyota Tacoma increases to an average of $1,892. That’s an increase of $677, or $56 per month, just for not being more responsible behind the wheel!

Full coverage or liability only

Finding cheaper auto insurance is important to most drivers, and one of the quickest ways to pay lower rates for insurance for a Toyota Tacoma is to only buy liability insurance. The diagram below compares insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no claims or driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

If we average the cost for all age groups, physical damage coverage costs an additional $1,421 per year over having just liability coverage. That amount may make you wonder if paying for full coverage is a waste of money. There is no definitive rule for dropping full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying your policy deductible. If premiums are more than $300 a year for full coverage, then it’s probably a good time to buy liability coverage only.

The information below shows how choosing a deductible can raise or lower insurance premiums when researching cheap insurance for a Toyota Tacoma. The costs are based on a single female driver, full coverage, and no additional discounts are factored in.

A 40-year-old driver could save $204 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $310 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could possibly save as much as $518 or even more by using higher deductibles when buying full coverage.

If you do make the decision to raise your deductibles, it is a good idea to have additional savings on hand to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

The auto insurance agents in Charlotte shown below are willing to aid you in deciding which car insurance policy is best, since some people prefer to have professional advice when comparing insurance rates for a Tacoma. It’s not always simple to find the best coverage on your own, and insurance agents can provide peace of mind knowing your policy gives you adequate asset protection. To locate a Charlotte insurance agent close to you, click the button following the list.

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