Buying the cheapest insurance for a Toyota Tacoma in New York hinges on a very complex rating algorithm that uses multiple factors such as whether the vehicle is new, if you have a tendency to file claims, and violations on your driving record. New York drivers pay approximately $796 each year to insure their Tacoma, but that cost is a projection calculated based on a 30-year-old married female driver with full coverage and $250 deductibles.
The issue with using an average estimated rate is the likelihood you are not 30 and maybe not even a female, single instead of married, or maybe you’re a renter instead of a homeowner. This example demonstrates why the best way to find the cheapest coverage for your Toyota is to do your own rate comparisons. Comparing quotes is easy and you will receive prices from the cheapest companies in New York.
The trim level of your Toyota will be a contributing factor to the cost of insurance, so the price you pay to insure a Tacoma 2WD will cost $52 less than the price to insure the more expensive Tacoma Double Cab TRD Sport Package 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$198||$338||$270||$16||$80||$902||$75|
|Tacoma X-Runner 2WD||$198||$398||$270||$16||$80||$962||$80|
|Tacoma Double Cab 4WD||$224||$338||$270||$16||$80||$928||$77|
|Tacoma Double Cab TRD Off-Road Package 4WD||$224||$338||$270||$16||$80||$928||$77|
|Tacoma Double Cab TRD Sport Package 4WD||$224||$338||$270||$16||$80||$928||$77|
|Get Your Own Custom Quote Go|
Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can decrease or increase insurance rates significantly.
Selecting the highest-rated car insurance company is difficult considering how many different insurance companies sell coverage in New York. The ranking data in the lists below could help you pick which car insurance providers you want to consider comparing rate quotes with. These ratings are for insurance companies that insure vehicles in the majority of U.S. states, so companies that have a smaller presence will not be included in this list.
Top 10 Major Auto Insurance Providers in Buffalo Ranked by Value
- The General
- Erie Insurance
- The Hartford
- Mercury Insurance
- Farmers Insurance
- 21st Century
- Safeco Insurance
- AAA Insurance
- State Farm
How careless driving impacts Buffalo auto insurance rates
The best way to snag the cheapest auto insurance prices in Buffalo for a Tacoma is to drive carefully and not have accidents or get tickets. The chart below illustrates how speeding tickets and accident claims can drive up auto insurance rates for different categories of driver ages. The information is based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of auto insurance in Buffalo per year with a clean driving record and no accidents is $1,342. Factor in one speeding ticket and the average cost hikes up to $1,541, an increase of $199 each year. Then add in two accidents along with the one speeding ticket and the yearly cost of auto insurance for a Toyota Tacoma jumps again to an average of $3,306. That’s an increase of $1,964, or $164 per month, just for being a less-than-perfect driver!
Cost of full coverage in Buffalo
Finding the cheapest auto insurance is the goal of the majority of vehicle owners, and a good way to find cheaper insurance for a Toyota Tacoma is to not insure for full coverage. The example below visualizes the comparison of insurance costs with full coverage and liability only. The costs are based on a clean driving record, no claims, $250 deductibles, single marital status, and no discounts are applied.
If we average the cost for all age groups, full coverage costs $1,654 per year more than just buying liability only. That is a significant amount which raises the question if you should buy full coverage at all. There isn’t a steadfast formula of when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
There are some circumstances where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to keep full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
Why you should compare rates
Buffalo auto insurance rates are influenced by many factors which can significantly increase or decrease the cost of coverage. Turning one year older, getting divorced, or getting a ticket for running a stop sign may cause policy rate changes resulting in some companies being more affordable than others. Not only may your situation change, but car insurance companies change premium rates at least once a year to reflect underwriting profits or losses. Heavy losses can result in high rates, while lower claim levels may produce lower-cost Tacoma insurance rates.
To help illustrate this point, the chart below shows a variety of companies that have the cheapest car insurance in Buffalo, NY for a 45-year-old female driver with a clean driving record, no accidents, and a high credit rating. If we compare prices based on her current risk factors, USAA might offer the best car insurance rates in Buffalo at $1,934 per year. This is $141 less than the average price paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers are the remaining most affordable Buffalo, NY auto insurance companies.
Now we will pretend the driver from the above example a claim, poor credit, and an imperfect driving record. Since each auto insurance company has their own guidelines for determining rates, analyzing rates may result in a completely different list of affordable companies as shown below.
MetLife now has the cheapest auto insurance in Buffalo, NY with Amica, Preferred Mutual, Erie, and GEICO now being in the top five. This example proves why it is so important to shop around with many companies when trying to find affordable insurance rates for a Toyota Tacoma.
Prices are calculated by many factors and can change substantially, so the cheapest rate three years ago may now be wasting a lot of money.
How to find more affordable insurance for a Toyota Tacoma
It is possible to find better rates, and here are some of the recommended money-saving suggestions that can help you locate cheaper coverage.
- Good credit can save money
- Buy safe vehicles
- Avoid speeding and other traffic citations and pay less
- Increase your deductibles
- Maintain a safe distance and avoid accidents
- Compare prices frequently to find the best deal
The last tip in the list is certainly vital, as we pointed out in this article. Prices charged by companies in Buffalo change constantly, so you should be ready to buy a policy from a new company if you can save money.
Staying with the same company for years is fine, but it isn’t a good idea if that loyalty ends up costing hundreds of dollars year after year. Take a few minutes and compare rates and find cheaper insurance for a Toyota Tacoma.
The agencies below are a good start to answer your questions and help you decide which coverage fits your budget, as many people would rather have some professional guidance when comparing insurance rates for a Toyota Tacoma. It can be time-consuming to find coverage yourself, and using a licensed agent can give you comfort knowing your coverage gives you enough protection. To find a Buffalo insurance agent close to where you live, click the link after the list.
- C.N. Maranto Agency, Inc.
36 Hopkins Rd – Buffalo, NY 14221 – (716) 633-1818
- Kasprzyk Insurance Agency
497 Franklin St – Buffalo, NY 14202 – (716) 844-8178
- Cannizzaro Insurance Agency, Inc
432 Amherst St – Buffalo, NY 14207 – (716) 235-8882
- New Buffalo Insurance Agency, Inc.
14 E Tupper St – Buffalo, NY 14203 – (716) 332-1570
- GEICO Insurance Agent
3835 McKinley Pkwy #2 – Buffalo, NY 14219 – (716) 604-0345