2004 Toyota Tundra Insurance Cost – 6 Discounts for Cheaper Prices

Are you burned out from trying to scrape together enough money to keep your car insured? Your situation is no different than many other drivers. Multiple insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to get the best price available.

It’s a good idea to do price comparisons before your next renewal due to the fact that insurance prices go up and down regularly. Just because you had the best quotes on Tundra coverage two years ago there is a good chance you can find better rates now. There are a lot of ways to save on car insurance on the web, but in this article, you’re going to get some of the best techniques to save money.

How to get free insurance quotes online

There are a lot of ways to compare insurance prices but some are less time-consuming than others. You can waste hours talking about coverages with agents in your area, or you can stay home and use the internet to maximize your effort.

All the larger companies participate in an industry program where insurance shoppers complete one form, and every company then returns a price quote determined by their information. This prevents consumers from doing quote requests for every insurance company. To compare rates using this form now click here to start a free quote.

One minor caviat to getting quotes like this is you can’t choose the providers to receive prices from. If you prefer to choose from a list of companies to compare prices, we have a page of companies who write insurance in your area. View list of insurance companies.

The method you choose is up to you, but make sure you are using nearly identical coverages for each quote you get. If your comparisons have differing limits it’s impossible to find the best deal for your Toyota Tundra.

Don’t miss with these six discounts

Some insurance providers don’t always advertise all available discounts in a way that’s easy to find, so we took the time to find a few of the more common and also the more inconspicuous discounts that may be available. If you check and find you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Senior Discount – Seniors can possibly qualify for a small discount on rates on Tundra coverage.
  • Driver Safety – Successfully completing a safe driver course may get you a small discount if you qualify.
  • Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
  • Discount for Good Grades – Performing well in school could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
  • Accident-Free Discounts – Drivers who don’t have accidents pay less compared to drivers who are more careless.
  • Driving Data Discount – Policyholders that allow their insurance company to look at driving habits by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease if their driving habits are good.

Consumers should know that most discount credits are not given to the entire cost. A few only apply to individual premiums such as medical payments or collision. Even though it appears all those discounts means the company will pay you, nobody gets a free ride. But all discounts will definitely reduce the amount you pay for coverage.

To locate insurance companies that offer multiple discounts, click here.

Your situation helps dictate your coverage

When choosing coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For instance, these questions can help discover whether you could use an agent’s help.

  • Do I need added coverage for expensive stereo equipment?
  • Does coverage extend to a rental car in a foreign country?
  • Is my state a no-fault state?
  • If I drive on a suspended license am I covered?
  • Does my medical payments coverage pay my health insurance deductible?
  • Does my policy cover me when driving someone else’s vehicle?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and can help protect your family.

Auto insurance coverages and their meanings

Knowing the specifics of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from auto insurance companies.

Comprehensive insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a bird, damage from flooding, rock chips in glass and a broken windshield. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto liability insurance – This provides protection from damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things like medical services, funeral expenses, emergency aid, court costs and bail bonds. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as rehabilitation expenses, X-ray expenses and funeral costs. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your Toyota Tundra.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are set the same as your liablity limits.

Collision coverages – Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, damaging your car on a curb, crashing into a building, colliding with another moving vehicle and colliding with a tree. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible in order to get cheaper collision rates.