How Much Does 2017 Toyota Tundra Insurance Cost?

Want better insurance coverage rates for your Toyota Tundra? Trying to find better insurance prices for your Toyota Tundra can normally be difficult, but you can learn the following methods to save time. There are both good and bad ways to compare insurance coverage rates and you need to know the best way to get price quotes on a Toyota and find the cheapest rates either online or from local insurance agents.

If you have a policy now or are looking for a new policy, you can use these tips to shop for the lowest rates while maximizing coverage. Finding cheaper coverage is easy if you know what you’re doing. Drivers only need an understanding of the proper methods to get comparison quotes on the web.

Are you receiving every discount?

Insurance coverage is not cheap nor is it fun to buy but discounts can save money and there are some available to help offset the cost. Many of these discounts will be applied automatically at the time of purchase, but some discounts are required to be manually applied in order for you to get them.

  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Telematics Data Discounts – Drivers who agree to allow driving data submission to study vehicle usage by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they exhibit good driving behavior.
  • Employee of Federal Government – Active or retired federal employment could qualify for a slight premium decrease for Tundra insurance depending on your company.
  • Senior Discount – Seniors may qualify for lower premium rates for Tundra insurance.
  • Discounts for Seat Belt Usage – Requiring all passengers to buckle up before driving could cut 10% or more on medical payment and PIP coverage.
  • Discounts for Multiple Vehicles – Drivers who insure more than one vehicle on a single policy can reduce rates for all insured vehicles.
  • ABS and Traction Control Discounts – Anti-lock brake equipped vehicles are much safer to drive so you can save 10 percent or more.

Remember that most of the big mark downs will not be given to the entire policy premium. The majority will only reduce individual premiums such as medical payments or collision. So even though you would think you would end up receiving a 100% discount, insurance coverage companies aren’t that generous. But any discount will bring down your premiums.

For a list of providers that offer some of these discounts, click here to view.

Eight factors that influence insurance costs

Multiple criteria are used in the calculation when pricing auto insurance. Some are pretty understandable like your driving record, but some are less obvious like your continuous coverage or your financial responsibility.An important part of buying insurance is that you know some of the factors that play a part in calculating your policy premiums. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that may reward you with cheaper rates.

  • Liability coverage safeguards assets – The liability section of your policy will provide protection in the event that you are determined to be liable for causing damage or personal injury in an accident. Your policy’s liability insurance provides you with a defense in court to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
  • Insure car and home with the same company – Most larger insurance companies apply discounts to policyholders that have more than one policy, otherwise known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you’re getting this discount you may still want to comparison shop to verify if the discount is saving money.
  • Getting married pays dividends – Having a spouse actually saves money on your insurance bill. Having a spouse demonstrates that you tend to be more mature and responsible and statistics show married drivers get in fewer accidents.
  • Gender and insurance coverage – Statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that men are worse drivers. Women and men cause at-fault accidents at about the same rate, but the males have accidents that have higher claims. Not only that, but men also receive more major tickets such as reckless driving. Males from age 16 to 21 have the highest risk to insure and therefore are the most expensive to insure.
  • Save money by having excellent credit – Having a good credit score factor in determining premium rates. If your credit score is lower than you’d like, you may save money insuring your 2017 Toyota Tundra if you clean up your credit. People that have high credit scores tend to file fewer claims and have better driving records than those with lower ratings.
  • Deter theft and reduce insurance rates – Selecting a car model with an alarm system can help lower your rates. Systems that thwart theives like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder vehicle theft.
  • What’s your car’s IIHS safety rating? – Safer cars tend to be cheaper to insure. Safe vehicles have better occupant injury protection and lower rates of occupant injuries translates into fewer and smaller insurance claims and cheaper rates on your policy. If your Toyota Tundra scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
  • Age of drivers – Drivers with little experience are statistically proven to be careless and easily distracted behind the wheel so they pay higher insurance rates. More mature drivers are proven to be safer behind the wheel, statistically cause fewer accidents and are safer drivers.

When in doubt talk to an agent

When choosing adequate coverage for your vehicles, there isn’t really a cookie cutter policy. Every situation is different.

These are some specific questions could help you determine whether or not you would benefit from an agent’s advice.

  • Do I have coverage when using my vehicle for my home business?
  • When would I need additional glass coverage?
  • Am I covered when driving in Canada or Mexico?
  • Does car insurance cover theft of personal property?
  • Are all vehicle passengers covered by medical payments coverage?
  • Can my babysitter drive my car?
  • When does my teenage driver need to be added to my policy?
  • Do I have coverage if my license is suspended?
  • Am I covered if hit by an uninsured driver?
  • Am I covered when using my vehicle for business?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.

Don’t believe everything you hear

Consumers can’t escape the ads for the lowest price insurance from companies such as Allstate, Geico and Progressive. They all seem to make the promise that drivers will save a bundle if you move to their company.

But how can every company save you money? It’s all in how they say it.

Insurance companies have underwriting criteria for the type of insured that earns them the most money. One example of a desirable insured may need to be a married male, is a homeowner, and chooses high deductibles. A driver who fits that profile may get the lowest premium rates and have a good chance to save when switching.

Drivers who fall short of the “perfect” profile will see a higher rate which usually ends up with the driver buying from a lower-cost company. The trick companies use is to say “customers that switch” not “everyone who quotes” will save that much if they switch. This is how companies can truthfully advertise the savings. Each company has different criteria, so drivers should compare quotes as often as possible. Because without a comparison, you cannot know which company will have the lowest rates.

Insurance coverage basics

Learning about specific coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability insurance

Liability insurance provides protection from damage or injury you incur to people or other property in an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as repair bills for other people’s vehicles, funeral expenses and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like surgery, pain medications and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive protection

This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hitting a deer, rock chips in glass, vandalism and damage from flooding. The highest amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, crashing into a building, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Final thoughts

Drivers change insurance companies for any number of reasons including policy cancellation, an unsatisfactory settlement offer, high rates after DUI convictions or extreme rates for teen drivers. Regardless of your reason, choosing a new insurance company can be easy and end up saving you some money.

Cost effective 2017 Toyota Tundra insurance is available both online as well as from insurance agents, so get free insurance quotes from both of them to have the best rate selection. A few companies don’t offer internet price quotes and usually these smaller companies only sell coverage through independent insurance agencies.

As you quote insurance, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice full coverage and learned later that it was a big error on their part. The proper strategy is to purchase a proper amount of coverage at a price you can afford.

Even more information can be read in these articles: