Buying cheaper car insurance for a Toyota Tundra in Arizona can be really easy, but it relies on many different factors such as whether you are a homeower, your residence address, and any prior driving citations you have received. Drivers in Arizona will pay on average $824 per year for Tundra insurance, but that figure is a valuation based upon a 50-year-old single female driver with full coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you are not 50 and maybe not even a female, possibly married instead of single, or maybe you have a speeding ticket that needs to be factored in. There is no perfect policy for every driver, so the only real way to find the cheapest coverage for your Toyota is to put in the effort to do a thorough rate comparison.
The trim level of your Tundra will have an impact the cost of insurance, so the rate you will pay to insure a Tundra Regular Cab 2WD trim level will be $132 less than the price to insure the high end Tundra SR/5 Crew Max 4WD model, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$108||$198||$382||$22||$114||$824||$69|
|Tundra SR/5 Double Cab 2WD||$124||$240||$382||$22||$114||$882||$74|
|Tundra SR/5 Crew Max 2WD||$124||$240||$382||$22||$114||$882||$74|
|Tundra Regular Cab 4WD||$138||$240||$382||$22||$114||$896||$75|
|Tundra Double Cab 4WD||$138||$240||$382||$22||$114||$896||$75|
|Tundra SR/5 Double Cab 4WD||$138||$240||$382||$22||$114||$896||$75|
|Tundra Limited Double Cab 2WD||$138||$284||$382||$22||$114||$940||$78|
|Tundra Limited Crew MAX 2WD||$138||$284||$382||$22||$114||$940||$78|
|Tundra Limited Crew MAX 4WD||$154||$284||$382||$22||$114||$956||$80|
|Tundra SR/5 Crew Max 4WD||$154||$284||$382||$22||$114||$956||$80|
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can revise prices noticeably.
Finding low-priced auto insurance is difficult, and figuring out which companies offer the best auto insurance rates for a Toyota Tundra requires additional perseverance.
Every insurance company uses their own calculation for determining prices, so first we will examine the overall cheapest auto insurance companies in Phoenix, AZ. We do need to point out that Phoenix auto insurance rates are impacted by many things that will increase or decrease the price you pay. Improving your credit rating, buying another vehicle, or having an accident can trigger rate changes that can now make some companies much cheaper than others.
Find Cheaper Car Insurance for Your Tundra
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,285|
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The Hartford may offer some of the lowest car insurance rates in Phoenix at around $820 each year. This is $608 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers would also make the list of some of the cheaper Phoenix, AZ insurance companies.
In the above example, if you are a policyholder with USAA and switched to Safeco, you could see an annual premium reduction of in the neighborhood of $184. Policyholders with Travelers might save as much as $223 a year, and GEICO customers might cut rates by $235 a year.
To find out how your current rates compare, click here to start your free quote or visit any of the low-priced companies below.
Understand that those premium estimates are averages across all drivers and vehicles in Arizona and do not take into consideration a specific zip code for a Toyota Tundra. So the car insurance company that has the cheapest price for you may not even be in the list above. That point stresses why you need to get auto insurance quotes using your own personal information and vehicle type.
Types of discounts on Phoenix insurance rates
Auto insurance companies that offer cheap quotes for a Toyota Tundra may also offer discounts that can reduce rates by 25% or more if you are eligible. Popular auto insurance companies and some of the discounts are:
- State Farm may offer discounts for good student, good driver, student away at school, defensive driving training, anti-theft, and driver’s education.
- Nationwide offers discounts including accident-free, easy pay, multi-policy, family plan, and anti-theft.
- GEICO offers discounts for air bags, driver training, anti-theft, anti-lock brakes, and federal employee.
- AAA includes discounts for multi-policy, education and occupation, good driver, multi-car, and AAA membership discount.
- 21st Century discounts include early bird, good student, homeowners, automatic seat belts, air bags, and teen driver.
- The Hartford has savings for good student, driver training, anti-theft, defensive driver, air bag, and bundle.
The information below visualizes the comparison of insurance rates with and without discounts applied. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with safe-driver, marriage, multiple policy, defensive driving course, claim-free, and multiple vehicle discounts applied. When drivers qualify for the discounts, the average savings per year on auto insurance for a Toyota Tundra is 28% or $603.
Should you buy full coverage?
Lowering the price of auto insurance is probably important to the majority of drivers, and an easy way to find cheaper insurance for a Toyota Tundra is to not pay for full coverage. The illustration below illustrates the comparison of premium costs with full physical damage coverage compared to only buying liability only. The data is based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are factored in.
As an overall average, physical damage coverage costs an additional $1,919 per year more than just buying liability insurance. At some point, almost every driver questions if buying full coverage is a good investment. There is no set rule that is best for determining when to drop physical damage insurance, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s assume your vehicle’s book value is $11,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $10,000 after the deductible is paid. If premium cost is more than $1,000 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
Why you should be shopping around
Phoenix auto insurance rates are calculated based on many things that control the price of your policy. Turning one year older, buying a home, or getting a ticket for running a stop sign can cause premium changes resulting in some rates now being more affordable than the competition. In addition, auto insurance companies modify pricing every year as an adjustment for underwriting gains or losses. A period of increased losses can result in a rate increase, while lower claim expenses may result in cheaper Tundra insurance rates.
The graph below analyzes the cheapest car insurance in Phoenix, AZ for a 35-year-old female driver with a clear driving record, no claims, and excellent credit. When comparing rates based on her current risk profile, The Hartford offers the lowest car insurance rates in Phoenix at $1,181 a year. This is $247 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the remainder of the cheapest Phoenix, AZ auto insurance companies.
Now let’s give the driver from the first example a chargeable accident, slightly worse credit, and an imperfect driving record. Since each company has a unique approach for determining prices, comparing rates may now show a different list of the cheapest companies as shown below.
Progressive now has the best car insurance rate in Phoenix with CSAA, Ameriprise Group, Safeco, and Allied now being in the top five. This example demonstrates why it is so important to perform an extensive rate comparison to find affordable auto insurance quotes for a Toyota Tundra.
Rates are made up of many factors and change frequently, so the most economical option when you last compared rates may now be quite expensive.
How to find low-cost auto insurance for a Toyota Tundra
Here are some of the better money-saving solutions that can help Arizona drivers quote low-cost coverage.
- Better credit scores save money
- The safer your car, the less it costs to insure
- Multi-policy discounts save money
- Do not pay for full coverage if not needed
- Do not get into accidents that are your fault
- Compare rate quotes often
That final tip is extremely vital, as was stressed in the prior information. Prices charged by car insurance companies in Phoenix fluctuate constantly, so don’t be afraid to buy a policy from a new company if a lower price can be found.
Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that faithfulness ends up costing you a small fortune. It takes less than five minutes to compare prices and find cheaper insurance for a Toyota Tundra.
If you aren’t sure which coverage you need and prefer to have some professional guidance when shopping around for cheaper insurance for a Toyota Tundra, the agents listed below are willing to help you make a decision which car insurance policy is best.
To locate an agency near you, click the button link following the list or click here to compare price quotes now.
- Horizon Insurance Group
2880 E Northern Ave #100 – Phoenix, AZ 85028 – (602) 992-9750
- Mary Parada – State Farm Insurance Agent
3414 W Bell Rd – Phoenix, AZ 85053 – (602) 942-9202
- Severiano Torres III – State Farm Insurance Agent
1820 N 75th Ave #106 – Phoenix, AZ 85035 – (623) 846-0240