Smart shoppers know that car insurance companies want to keep you from shopping around. Insureds who shop around for cheaper rates will probably move their business because of the good chance of finding a lower-priced policy. A recent auto insurance study discovered that drivers who compared prices regularly saved over $865 a year compared to those who never shopped around for better prices.
If finding budget-friendly rates on auto insurance in Fort Wayne is why you’re reading this, then understanding how to find and compare insurance coverage can help you succeed in finding affordable rates.
It takes a few minutes, but the best way to find better pricing on Toyota Tacoma insurance in Fort Wayne is to do an annual price comparison from companies in Indiana.
- Step 1: Try to comprehend how insurance works and the things you can change to prevent expensive coverage. Many things that are responsible for high rates like inattentive driving and a negative credit history can be remedied by making small lifestyle or driving habit changes. Read the full article for more ideas to get lower rates and get bigger discounts.
- Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agents can provide prices for a wide range of insurance providers.
- Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. If you find a lower rate and make a switch, ensure coverage does not lapse between policies.
A crucial key to this process is to use the same physical damage deductibles and liability limits on every quote request and and to get price quotes from as many companies as feasibly possible. This provides a level playing field and the best price selection.
Getting quotes for the lowest cost auto insurance policy in Fort Wayne is not as hard as you may think. In a nutshell, each driver who is overpaying for auto insurance will most likely get a lower-priced policy. Nevertheless, Indiana consumers benefit from understanding the way companies determine how much to charge.
Smart Buyers Save More
The best way to find cheaper insurance is to take a look at the different types of things that are used to determine the rates you pay for insurance. If you have some idea of what controls the rates you pay, this allows you to make good choices that may reward you with much lower annual insurance costs.
Listed below are most of the major factors that factor into your rates.
More people means more accidents – Residing in a small town has definite advantages when it comes to insurance. Fewer drivers on the road translates into fewer accident claims in addition to fewer liability claims. Residents of big cities tend to have more road rage incidents and more severe claims. The longer drive time statistically corresponds to a higher accident and claim rate.
Liability insurance limits should be high – The liability coverage on your policy is the protection when you are found to be at fault for causing personal injury or damage in an accident. This coverage provides for a legal defense which can be incredibly expensive. It is affordable coverage when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
Gaps in coverage mean higher rates – Driving without insurance is illegal and as a result your rates will increase for letting your insurance lapse for non-payment. Not only will rates go up, failure to provide proof of insurance may earn you fines and jail time. You may have to provide proof of insurance in the form of an SR-22 filing with the Indiana motor vehicle department.
Credit rating impact insurance rates – A driver’s credit score factor in calculating your premium rate. People that have very high credit ratings tend to be less risk to insure as compared to drivers with lower ratings. If your credit history is not that good, you could potentially save money when insuring your Toyota Tacoma if you improve your credit rating.
Small coverages can add up – Policies have optional add-on coverages you can purchase if you aren’t diligent. Coverage for things like rental car reimbursement, accident forgiveness, and extra equipment coverage may not be needed and are just wasting money. They may seem good at first, but if you’ve never needed them in the past eliminate them to save money.
Toyota Tacoma insurance loss probability – Insurance companies include the past claim trends for vehicles to help set a rate to offset losses. Models that have higher loss trends will be charged more to insure. The table shown below demonstrates the insurance loss data used by companies for Toyota Tacoma vehicles.
For each coverage category, the statistical loss for all vehicles averaged together is equal to 100. Values under 100 imply a favorable loss record, while percentage values above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.
| 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
Statistics from IIHS.org for 2013-2015 Model Years
Insurance analysis for a Toyota Tacoma
The rate table shown next highlights detailed analysis of policy rates for Toyota Tacoma models. Learning as much as possible about how rate quotes are established can benefit drivers when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tacoma 2WD | $206 | $502 | $340 | $20 | $102 | $1,170 | $98 |
| Tacoma 4WD | $236 | $412 | $340 | $20 | $102 | $1,110 | $93 |
| Tacoma Double Cab 4WD | $236 | $502 | $340 | $20 | $102 | $1,200 | $100 |
| Tacoma X-Runner 2WD | $236 | $592 | $340 | $20 | $102 | $1,290 | $108 |
| Tacoma Double Cab 4WD | $268 | $502 | $340 | $20 | $102 | $1,232 | $103 |
| Tacoma Double Cab TRD Off-Road Package 4WD | $268 | $502 | $340 | $20 | $102 | $1,232 | $103 |
| Tacoma Double Cab TRD Sport Package 4WD | $268 | $502 | $340 | $20 | $102 | $1,232 | $103 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can modify premiums substantially.
The information below shows how choosing a deductible and can affect Toyota Tacoma yearly insurance costs for each different age group. The price estimates are based on a single male driver, full coverage, and no discounts are factored in.
Male drivers versus female drivers
The chart below illustrates the comparison of Toyota Tacoma car insurance rates for male and female drivers. The costs are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Earn discounts to get lower-cost Fort Wayne insurance rates
Car insurance companies don’t always list every discount they offer very well, so below is a list a few of the more well known and the harder-to-find discounts that may be available.
- Braking Control Discount – Vehicles that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
- Senior Citizens – If you’re over the age of 55, you may receive a small decrease in premiums.
- Multiple Cars – Buying a policy with multiple vehicles with one company can reduce rates for all insured vehicles.
- Distant Student – Older children who are enrolled in a college that is more than 100 miles from Fort Wayne and do not have a car may be insured at a cheaper rate.
- Life Insurance – Some insurance carriers give a lower insurance rate if you buy a life policy as well.
- Auto/Home Discount – If you have multiple policies with the same company you could save 10% to 20% off each policy.
Discounts lower rates, but many deductions do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. Despite the appearance that it’s possible to get free car insurance, it just doesn’t work that way.
The diagram below illustrates the difference between Toyota Tacoma auto insurance costs with and without discounts applied to the rates. The information is based on a female driver, no violations or accidents, Indiana 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 multi-policy, safe-driver, multi-car, homeowner, marriage, and claim-free discounts applied.
To locate providers offering insurance discounts in Fort Wayne, click here to view.
Ratings for Fort Wayne auto insurance companies
Ending up with the highest-rated auto insurance company is hard considering how many different companies there are to choose from in Fort Wayne. The rank data shown below could help you select which auto insurance companies to look at to insure your vehicles.
Top 10 Fort Wayne Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
You can lower your car insurance rates
Budget-friendly car insurance in Fort Wayne is possible both online as well as from insurance agents, so you should compare both in order to have the best price selection to choose from. Some car insurance companies may not offer online quoting and most of the time these smaller companies prefer to sell through local independent agents.
We covered a lot of tips how to shop for Toyota Tacoma insurance online. The key concept to understand is the more times you quote, the better likelihood of getting the cheapest Toyota Tacoma rate quotes. Consumers could even find that the lowest priced car insurance comes from the least-expected company.
Consumers who switch companies do it for many reasons like policy non-renewal, denial of a claim, poor customer service or high prices. Regardless of your reason for switching companies, switching car insurance companies is less work than it seems.
For more information, feel free to visit the following helpful articles:
- Auto Crash Statistics (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Lyft Drivers in Fort Wayne? (FAQ)
- Who Has the Cheapest Fort Wayne Auto Insurance Rates for a Ford F-150? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a School Permit in Fort Wayne? (FAQ)
- Who Has Affordable Auto Insurance for Uninsured Drivers in Fort Wayne? (FAQ)
- How Much are Auto Insurance Rates for Police Officers in Fort Wayne? (FAQ)
- Parking Tips to Reduce Door Dings (State Farm)
- Medical Payments Coverage (Liberty Mutual)
- Auto Insurance Learning Center (State Farm)
- Tread Depth and Tire Safety (State Farm)