Compare Toyota Tacoma Insurance Quotes in Detroit

The preferred way to get budget auto insurance rates is to start comparing prices yearly from providers that insure vehicles in Detroit. Rate comparisons can be done by completing these steps.

One important bit of advice is that you use the same liability limits and deductibles on each quote request and and to get price quotes from as many car insurance companies as possible. This ensures the most accurate price comparison and a thorough price selection.

Insurance for Toyota TacomaUnbelievable but true, the vast majority of consumers have stayed with the same insurance company for a minimum of four years, and nearly 40% of drivers have never compared quotes from other companies. Many consumers in the U.S. could pocket approximately 46.5% a year just by comparing rates, but most just don’t grasp the actual amount they would save if they switched to a more affordable policy.

Our objective is to teach you how to get online quotes and some money-saving tips. If you have a current insurance policy, you will surely be able to save money using these techniques. Nevertheless, Michigan consumers do need to learn how big insurance companies determine how much to charge because it varies considerably.

Car insurance discounts are available to cut your rates

Auto insurance companies don’t list every possible discount very well, so the list below details some of the best known and the more hidden car insurance savings.Save money with discounts

Remember that most discount credits are not given to the entire cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Despite the appearance that it’s possible to get free car insurance, nobody gets a free ride.

The information below illustrates the difference between Toyota Tacoma yearly insurance costs with and without discounts applied. The price estimates are based on a male driver, a clean driving record, no claims, Michigan state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, multi-car, and safe-driver discounts applied.

Companies and their offered discounts are detailed below.

Check with all the companies what discounts are available to you. Discounts might not be offered in Detroit. If you would like to view insurers that offer multiple discounts in Detroit, follow this link.

When comparison shopping, obtaining a wide range of quotes will enable you to find the best offered rates. Some smaller insurers do not give online price quotes, so it’s necessary to compare rates from them as well.

The providers in the list below are ready to provide quotes in Detroit, MI. To locate cheap car insurance in Michigan, we recommend you compare several of them to get a more complete price comparison.

Car insurance statistics and figures

The rate table shown below highlights a range of prices for Toyota Tacoma models. Learning as much as possible about how premiums are established is important for drivers to make informed decisions.

Toyota Tacoma Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $446 $1052 $780 $46 $234 $2,558 $213
Tacoma 4WD $512 $864 $780 $46 $234 $2,436 $203
Tacoma Double Cab 4WD $512 $1052 $780 $46 $234 $2,624 $219
Tacoma X-Runner 2WD $512 $1240 $780 $46 $234 $2,812 $234
Tacoma Double Cab 4WD $576 $1052 $780 $46 $234 $2,688 $224
Tacoma Double Cab TRD Off-Road Package 4WD $576 $1052 $780 $46 $234 $2,688 $224
Tacoma Double Cab TRD Sport Package 4WD $576 $1052 $780 $46 $234 $2,688 $224
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in zip code location which can modify rates substantially.

Deductible comparison

One common question asked by Detroit drivers is the level to set your comp and collision deductibles. The comparisons below may aid in understanding the rate differences when you select higher and lower physical damage deductibles. The first data set uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Toyota Tacoma insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $464 $900 $690 $40 $206 $2,325 $194
Tacoma 4WD $534 $738 $690 $40 $206 $2,233 $186
Tacoma Double Cab 4WD $534 $900 $690 $40 $206 $2,395 $200
Tacoma X-Runner 2WD $534 $1060 $690 $40 $206 $2,555 $213
Tacoma Double Cab 4WD $602 $900 $690 $40 $206 $2,463 $205
Tacoma Double Cab TRD Off-Road Package 4WD $602 $900 $690 $40 $206 $2,463 $205
Tacoma Double Cab TRD Sport Package 4WD $602 $900 $690 $40 $206 $2,463 $205
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Toyota Tacoma insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $378 $726 $690 $40 $206 $2,040 $170
Tacoma 4WD $434 $596 $690 $40 $206 $1,966 $164
Tacoma Double Cab 4WD $434 $726 $690 $40 $206 $2,096 $175
Tacoma X-Runner 2WD $434 $854 $690 $40 $206 $2,224 $185
Tacoma Double Cab 4WD $490 $726 $690 $40 $206 $2,152 $179
Tacoma Double Cab TRD Off-Road Package 4WD $490 $726 $690 $40 $206 $2,152 $179
Tacoma Double Cab TRD Sport Package 4WD $490 $726 $690 $40 $206 $2,152 $179
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Information does not factor in specific location which can modify rates considerably.

We can estimate from the data above that using a $250 deductible costs about $25 more each month or $300 each year across all Toyota Tacoma models than quoting the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average at least 10 months between claims, you would save more money by selecting a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $201
Average monthly premium for $500 deductibles (subtract): – $176
Monthly savings from raising deductible: $25
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

One important note is that increasing deductibles to save money means you will have to pay more out-of-pocket when you have a claim. That will require some savings in order to pay the deductible to have repairs made.

The diagram below highlights how deductible selection and can change Toyota Tacoma insurance rates for different ages of insureds. The costs are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Comparison of car insurance rates by gender

The chart below shows the comparison of Toyota Tacoma insurance prices for male and female drivers. The data assumes no claims or driving violations, comprehensive and collision coverage, $1,000 deductibles, single status, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The information below visualizes the comparison of Toyota Tacoma insurance rates when comparing full coverage to state minimum liability only. The premiums assume no violations or claims, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no set rule for excluding physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let’s pretend your Toyota Tacoma settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying your deductible. If you are paying more than $800 annually for full coverage, then it might be time to buy liability only.

There are some cases where removing full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Buying car insurance from Detroit car insurance agents

Certain consumers would prefer to get advice from a local agent and we recommend doing that A good thing about comparing rate quotes online is you may find cheap car insurance quotes and still have an agent to talk to. Putting coverage with neighborhood agents is important especially in Detroit.

Insurance agents in DetroitTo find an agent, once you fill out this short form, the coverage information is emailed to local insurance agents in Detroit who will gladly provide quotes for your business. There is no need to even leave your home due to the fact that quote results will go instantly to you. You can find lower rates without a big time investment. If you wish to get a comparison quote from one company in particular, just navigate to their website and give them your coverage information.

Detroit car insurance agents are either independent or exclusive

If you are wanting to find a local insurance agency, you should know the different agency structures that you can select. Agents may be either independent agents or exclusive agents.

Independent Car Insurance Agents

Agents of this type do not sell for just one brand so they can write business through lots of different companies depending on which coverage is best. If you want to switch companies, your agent can switch companies and you don’t have to switch agencies. When comparing rates, we highly recommend that you contact several independent agencies to get the best comparison.

Below are Detroit independent agencies that can possibly get you pricing information.

11000 W McNichols RdDetroit, MI 48221(313) 397-4198View Map

14701 Mack AveDetroit, MI 48215(313) 884-8888View Map

Soboh Insurance
16800 W Warren AveDetroit, MI 48228(313) 581-3400View Map

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Exclusive Car Insurance Agents

Agents of this type generally can only insure with one company like AAA, State Farm, Farmers Insurance, and Allstate. These agents are not able to compare rates from other companies so it’s a take it or leave it situation. Exclusive insurance agents are usually quite knowledgeable on their products and sales techniques which helps them sell on service rather than price.

The following are Detroit exclusive insurance agencies that are able to give rate quotes.

19203 Grand River AveDetroit, MI 48223(313) 537-1200View Map

20021 Kelly RdDetroit, MI 48225(313) 822-5948View Map

23221 Plymouth RdDetroit, MI 48239(313) 533-2440View Map

More insurance agents

Finding the right insurance agent is decision based upon more than just a cheap price. You should also get answers to these questions.

Shop around and save

In this article, we covered many ideas to save on Toyota Tacoma insurance in Detroit. The key concept to understand is the more times you quote, the better likelihood of getting low cost Detroit car insurance quotes. Consumers may even find the lowest premium rates are with a smaller regional carrier. They may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate and Progressive.

As you quote Detroit car insurance, you should never buy less coverage just to save a little money. There are a lot of situations where someone sacrificed full coverage and found out when filing a claim that it was a big mistake. Your focus should be to find the BEST coverage for the lowest price, not the least amount of coverage.

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