Cheap Quotes for Toyota Tundra Insurance in Fort Worth

A recent study showed that 70% of consumers have remained with the same insurance company for over three years, and nearly 40% of drivers have never even compared quotes to find cheaper rates. Fort Worth drivers can cut their rates by about 70% a year, but they assume it’s a waste of time to compare rates and save money.

Insurance quote for Toyota Tundra in Fort WorthIf saving the most money is your goal, then the best way to get low-cost Toyota Tundra insurance in Fort Worth is to annually compare prices from insurance carriers in Texas.

  1. Try to comprehend how car insurance works and the measures you can take to drop your rates. Many rating criteria that cause rate increases such as accidents, careless driving, and poor credit history can be improved by making minor driving habit or lifestyle changes.
  2. Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from a single company like Progressive or Allstate, while independent agents can quote prices for a wide range of insurance providers.
  3. Compare the new quotes to your current policy to see if cheaper Tundra coverage is available. If you can save some money, make sure there is no lapse in coverage.

One bit of advice is that you use the same liability limits and deductibles on every quote and and to get rate quotes from as many different insurance providers as possible. Doing this provides an apples-to-apples comparison and a thorough price selection.

Get Toyota Tundra Insurance More Affordably

One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that play a part in calculating your insurance rates. When consumers understand what determines base rates, this allows you to make good choices that could help you find lower rates.

The items below are some of the factors companies use to determine your rates.

Bad credit will cost you – Having a bad credit score will be a significant factor in determining what you pay. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with lower ratings. So if your credit is not that good, you could potentially save money when insuring your Toyota Tundra by spending a little time repairing your credit.

Performance makes a difference – The make and model of the car or truck you need to insure makes a huge difference in your rates. The cheapest insurance rates will normally be found when insuring economy passenger cars, but the cost you end up paying is determined by many additional factors.

The following chart uses these assumptions: married male driver age 50, full coverage with $100 deductibles, and no discounts or violations. It compares Toyota Tundra insurance premiums compared to other models of vehicles that have a range of performance risks.

Car and home together may be cheaper – Most larger insurance companies afford lower prices to people who consolidate policies with them. It’s known as a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even with this discount applied, it’s always a smart idea to get quotes from other companies to guarantee you are still saving the most. You may still find better rates even if you have your coverage with different companies

Rates impacted by your city – Being located in areas with lower population is a good thing when buying insurance. Fewer drivers on the road means less chance of accidents and also fewer theft and vandalism claims. City drivers tend to have much more traffic and much longer commute distances. More time on the road can result in more accidents.

Vehicle features that cut insurance rates – Choosing a vehicle with a theft deterrent system can save you some money. Systems that thwart thieves such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent vehicle theft.

Drive less and get lower costs – The more you drive your Toyota in a year’s time the higher the price you pay to insure it. A lot of insurance companies rate vehicles based upon how the vehicle is primarily used. Cars that have low annual miles receive lower rates than cars that get driven a lot. It’s always a good idea to double check that your insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money. Improper usage on your Tundra may be costing you higher rates.

Defend yourself with liability protection – Liability coverage kicks in if a jury decides you are liable for an accident. Your liability coverage provides for a legal defense up to the limits shown on your policy. This coverage is relatively inexpensive compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

Toyota Tundra insurance loss probability – Insurance companies factor in historical loss data when they calculate premium costs for each model. Models that historically have higher number or severity of losses will have higher rates for specific coverages. The table below outlines the historical loss data for Toyota Tundra vehicles.

For each coverage type, the statistical loss for all vehicles averaged together is a value of 100. Values that are 100 or less suggest losses that are better than average, while numbers that are greater than 100 indicate a higher chance of having a claim or tendency to have higher losses.

Auto Insurance Loss Data for Toyota Tundra Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Tundra CrewMax 2WD 88 105 96 63 75 94
Toyota Tundra CrewMax 4WD 97 113 105 64 51 77
Toyota Tundra Double Cab 2WD 95 131 90 85 84 107
Toyota Tundra Double Cab 4WD 86 112 93 53 55 79
Toyota Tundra Double Cab LWB 4WD 93 115 69

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Coverage statistics and figures

The price information displayed below highlights detailed analysis of insurance policy prices for Toyota Tundra models. Understanding more about how car insurance prices are established can help customers make informed decisions when comparing rates.

Toyota Tundra Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $202 $322 $440 $26 $132 $1,122 $94
Tundra SR/5 Double Cab 2WD $232 $392 $440 $26 $132 $1,222 $102
Tundra SR/5 Crew Max 2WD $232 $392 $440 $26 $132 $1,222 $102
Tundra Regular Cab 4WD $262 $392 $440 $26 $132 $1,252 $104
Tundra Double Cab 4WD $262 $392 $440 $26 $132 $1,252 $104
Tundra SR/5 Double Cab 4WD $262 $392 $440 $26 $132 $1,252 $104
Tundra Limited Double Cab 2WD $262 $462 $440 $26 $132 $1,322 $110
Tundra Limited Crew MAX 2WD $262 $462 $440 $26 $132 $1,322 $110
Tundra Limited Crew MAX 4WD $292 $462 $440 $26 $132 $1,352 $113
Tundra SR/5 Crew Max 4WD $292 $462 $440 $26 $132 $1,352 $113
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can decrease or increase premiums substantially.

Higher deductibles save money

One of the more difficult decisions when buying car insurance is at what level do you set your deductibles. The rates shown below approximate the differences in price when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $250 deductible for physical damage and the second data table uses a $500 deductible.

Toyota Tundra insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $256 $408 $430 $26 $128 $1,273 $106
Tundra SR/5 Double Cab 2WD $294 $496 $430 $26 $128 $1,399 $117
Tundra SR/5 Crew Max 2WD $294 $496 $430 $26 $128 $1,399 $117
Tundra Regular Cab 4WD $332 $496 $430 $26 $128 $1,437 $120
Tundra Double Cab 4WD $332 $496 $430 $26 $128 $1,437 $120
Tundra SR/5 Double Cab 4WD $332 $496 $430 $26 $128 $1,437 $120
Tundra Limited Double Cab 2WD $332 $584 $430 $26 $128 $1,525 $127
Tundra Limited Crew MAX 2WD $332 $584 $430 $26 $128 $1,525 $127
Tundra Limited Crew MAX 4WD $370 $584 $430 $26 $128 $1,563 $130
Tundra SR/5 Crew Max 4WD $370 $584 $430 $26 $128 $1,563 $130
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Toyota Tundra insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $208 $328 $430 $26 $128 $1,120 $93
Tundra SR/5 Double Cab 2WD $240 $400 $430 $26 $128 $1,224 $102
Tundra SR/5 Crew Max 2WD $240 $400 $430 $26 $128 $1,224 $102
Tundra Regular Cab 4WD $270 $400 $430 $26 $128 $1,254 $105
Tundra Double Cab 4WD $270 $400 $430 $26 $128 $1,254 $105
Tundra SR/5 Double Cab 4WD $270 $400 $430 $26 $128 $1,254 $105
Tundra Limited Double Cab 2WD $270 $472 $430 $26 $128 $1,326 $111
Tundra Limited Crew MAX 2WD $270 $472 $430 $26 $128 $1,326 $111
Tundra Limited Crew MAX 4WD $300 $472 $430 $26 $128 $1,356 $113
Tundra SR/5 Crew Max 4WD $300 $472 $430 $26 $128 $1,356 $113
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in zip code location which can impact price quotes substantially.

Based on the above data, using a $250 deductible costs about $15 more each month or $180 a year averaged for all Tundra models than choosing the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 17 months between claims, you would probably be better off if you opt for a higher deductible. The table below shows how this calculation is made.

Average monthly premium for $250 deductibles: $121
Average monthly premium for $500 deductibles (subtract): – $106
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

The illustration below illustrates how your choice of deductibles and can affect Toyota Tundra insurance prices for different age groups. Data assumes a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

Car insurance premiums based on gender

The information below illustrates the difference between Toyota Tundra insurance costs for male and female drivers. Data assumes no violations or claims, full physical damage coverage, $100 deductibles, marital status is single, and no policy discounts are applied.

Rate comparison of full coverage and liability-only

The example below shows the comparison of Toyota Tundra auto insurance rates when comparing full coverage to liability only. The price estimates are based on no accidents, no driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.

Are you wasting money paying for full coverage?

There is no definitive rule to stop buying physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your Toyota Tundra claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $3,000 after paying your deductible. If you are currently paying more than $300 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.

Affordable Fort Worth insurance rates with discounts

Companies do not list every policy discount very well, so the list below details a few of the more common and also the lesser-known credits available to bring down your rates.Insurance discounts

You should keep in mind that some of the credits will not apply to the overall cost of the policy. Most only apply to specific coverage prices like comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, that’s just not realistic.

The example below visualizes the comparison of Toyota Tundra insurance rates with and without discounts. The premiums assume a female driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, claim-free, multi-car, and marriage discounts applied.

For a list of insurance companies that offer multiple discounts in Fort Worth, follow this link.

What is YOUR best insurance company?

Consumers change insurance companies for any number of reasons including being labeled a high risk driver, delays in responding to claim requests, lack of trust in their agent and even unfair underwriting practices. It doesn’t matter what your reason, choosing a new company is less work than it seems.

You just learned many tips how you can shop for Toyota Tundra insurance online. The key thing to remember is the more companies you get premium rates for, the better likelihood of getting low cost Fort Worth auto insurance quotes. Consumers may even find the lowest car insurance rates come from an unexpected company.

Budget-friendly auto insurance in Fort Worth can be found both online and from local insurance agents, so you should compare both in order to have the best price selection to choose from. Some companies may not provide internet price quotes and many times these small insurance companies only sell through independent agents.

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