Paying cheaper rates for Toyota Tundra insurance in Phoenix can be challenging for drivers who are beginners to shopping for insurance online. There are so many choices that it can quickly become more work than you anticipated to compare rates on Toyota Tundra insurance.
Unbelievable but true according to a study nearly 70% of drivers kept their policy with the same company for at least four years, and 38% of drivers have never quoted rates to find cheap coverage. Many drivers in Arizona could save an average of $730 each year just by shopping around, but they just assume it takes a lot of time to find cheap rates by getting comparison quotes.
If you are paying for car insurance now, you stand a good chance to be able to shop for the lowest rates using the following tips. The goal of this article is to instruct you on the most effective ways to compare rates and also pocket some savings But Arizona vehicle owners should learn how big insurance companies price insurance differently and take advantage of how the system works.
When quoting car insurance, remember that comparing all the rates in your area gives you a better chance of getting the best offered rates.
The companies shown below provide comparison quotes in Phoenix, AZ. If several companies are displayed, we recommend you visit several of them to find the lowest car insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tundra Regular Cab 2WD | $188 | $258 | $444 | $26 | $132 | $1,048 | $87 |
| Tundra SR/5 Double Cab 2WD | $124 | $240 | $382 | $22 | $114 | $882 | $74 |
| Tundra SR/5 Crew Max 2WD | $130 | $226 | $348 | $20 | $104 | $828 | $69 |
| Tundra Regular Cab 4WD | $280 | $526 | $440 | $26 | $132 | $1,404 | $117 |
| Tundra Double Cab 4WD | $194 | $290 | $348 | $20 | $104 | $956 | $80 |
| Tundra SR/5 Double Cab 4WD | $228 | $396 | $326 | $20 | $98 | $1,068 | $89 |
| Tundra Limited Double Cab 2WD | $324 | $676 | $458 | $28 | $136 | $1,622 | $135 |
| Tundra Limited Crew MAX 2WD | $138 | $298 | $382 | $22 | $114 | $954 | $80 |
| Tundra Limited Crew MAX 4WD | $262 | $456 | $458 | $28 | $136 | $1,340 | $112 |
| Tundra SR/5 Crew Max 4WD | $184 | $316 | $326 | $20 | $98 | $944 | $79 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in zip code location which can revise rates greatly.
Auto insurance rates are higher with tickets and accidents
The example below highlights how speeding tickets and fender-benders increase Toyota Tundra insurance costs for each age group. The costs are based on a married male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
Should you buy full coverage?
The example below shows the comparison of Toyota Tundra yearly insurance costs with full coverage and liability only. The rate quotes are based on no violations or accidents, $500 deductibles, married male driver, and no additional discounts are factored in.
Should you buy full coverage or liability only?
There is no exact formula for phasing out full coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s say your Toyota Tundra replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after paying the physical damage deductible. If it’s costing in excess of $600 annually to have full coverage, then it could be time to drop full coverage.
There are some cases where dropping full coverage is not advised. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
Deductible comparison
The illustration below demonstrates how deductibles and can influence Toyota Tundra yearly insurance costs for each different age group. The information is based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Cheaper Toyota Tundra insurance in Phoenix
Car insurance is not cheap, but you may qualify for discounts to cut the cost considerably. Some trigger automatically at the time you complete a quote, but occasionally some discounts must be inquired about before you get the savings.
- Senior Citizen Rates – Drivers that qualify as senior citizens may receive lower premium rates.
- Discounts for Multiple Vehicles – Buying coverage for multiple vehicles on the same auto insurance policy qualifies for this discount.
- Paperwork-free – A few larger online companies may give you up to $50 shop Phoenix car insurance over the internet.
- Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may get savings of up to 25% or more.
- Anti-lock Brake Discount – Cars equipped with ABS or steering control have fewer accidents and the ABS can save up to 10%.
- Telematics Devices – Drivers who elect to allow data collection to monitor driving manner by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction as long as the data is positive.
- New Car Discount – Insuring a vehicle that is new can be considerably cheaper because newer models are generally safer.
- One Accident Forgiven – Not necessarily a discount, but a few companies such as GEICO and Allstate allow you one accident before raising your premiums if you have no claims before the accident.
- Pay Early and Save – By paying your policy upfront rather than paying monthly you may have a lower total premium amount.
- Discounts for Good Drivers – Safe drivers can pay as much as 50% less than drivers with accidents.
Drivers should understand that many deductions do not apply to all coverage premiums. Some only apply to specific coverage prices like comprehensive or collision. Even though the math looks like it’s possible to get free car insurance, companies wouldn’t make money that way.
Large auto insurance companies and their offered discounts include:
- State Farm may offer discounts for driver’s education, Steer Clear safe driver discount, safe vehicle, Drive Safe & Save, student away at school, and good student.
- GEICO offers premium reductions for federal employee, five-year accident-free, military active duty, anti-theft, seat belt use, multi-policy, and daytime running lights.
- Allstate offers discounts for anti-theft, good student, EZ pay plan discount, multi-policy, and premier plus.
- SAFECO may include discounts for bundle discounts, homeowner, anti-theft, teen safe driver, anti-lock brakes, and drive less.
- Farm Bureau discounts include 55 and retired, multi-vehicle, good student, multi-policy, and youthful driver.
- Progressive offers discounts including multi-policy, good student, homeowner, multi-vehicle, and online quote discount.
- AAA includes discounts for good driver, multi-policy, anti-theft, education and occupation, AAA membership discount, and pay-in-full.
Before purchasing a policy, check with all companies you are considering which credits you are entitled to. Discounts might not be offered everywhere. If you would like to see a list of companies who offer free Toyota Tundra insurance quotes in Phoenix, follow this link.
Local neighborhood agents and insurance
Some consumers still like to sit down with an agent and that can be a great decision The biggest benefit of getting free rate quotes online is that you can find lower rates but also keep your business local.
Once you complete this quick form, your information gets sent to insurance agents in Phoenix who will give competitive quotes for your insurance coverage. You don’t have to visit any agencies as quotes are delivered immediately to you. You can find lower rates and work with a local agent. If you want to quote rates from a particular provider, don’t hesitate to visit that company’s website and submit a quote form there.
Choosing the best company requires more thought than just a cheap price. Agents should be asked these questions:
- Can they provide you with a list of referrals?
- Where would your vehicle be repaired?
- Is working in the agency their full-time job?
- What company do they have the most business with?
- Does the agent have a valid license to sell insurance in Arizona?
- Will the agent or a CSR service your policy?
- Do they reduce claim amounts on high mileage vehicles?
- How are claims handled?
Do I need special coverages?
When quoting and choosing a policy for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed.
These are some specific questions might help in determining whether your personal situation might need professional guidance.
- Will my rates increase for filing one claim?
- Does every company file a SR-22 automatically?
- Are rock-chip repairs free?
- Should I get collision insurance on every vehicle?
- How can I force my company to pay a claim?
- What if I total my Toyota Tundra and owe more than it’s worth?
- Can my teen drive my company car?
If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.
Toyota Tundra Insurance Premium Factors
An important part of buying insurance is that you know some of the elements that are used to determine your premiums. If you have some idea of what controls the rates you pay, this allows you to make good choices that will entitle you to lower rates. Lots of factors are used when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, but some are more obscure like your continuous coverage or your vehicle rating.
- Discounts for married drivers – Having a significant other may earn you lower rates when buying car insurance. Having a significant other means you’re more mature and responsible and it’s proven that married drivers tend to file fewer claims.
- More stress means more cost – Jobs like fire fighters, airline pilots, and stock brokers are shown to have higher rates than average attributed to job stress and extremely grueling work hours. On the other hand, occupations like scientists, athletes and homemakers have the lowest average rates.
- Physical damage deductibles – Insurance for physical damage, also known as collision and other-than-collision, is used to repair damage to your vehicle. Some examples of covered claims would be colliding with a building, collision with an animal, or theft. Your deductibles tell how much the insured will be required to pay in the event of a claim. The more of the claim the insured is willing to pay, the less your company will charge you for insurance.
- Insure car and home with the same company – Many insurance companies provide lower prices to insureds that purchase more than one policy in the form of a multi-policy discount. Even though this discount sounds good, it’s always a smart idea to get quotes from other companies to verify if the discount is saving money.
- Insurance loss statistics a Toyota Tundra – Car insurance companies use claims history as a tool for profitable underwriting. Vehicles that have higher prevalence or dollar amount of losses will have higher rates for specific coverages.
The table below outlines the insurance loss data used by companies for Toyota Tundra vehicles. For each coverage type, the statistical loss for all vehicles compiled together is a value of 100. Numbers below 100 suggest a better than average loss history, while percentages above 100 indicate frequent claims or an increased chance of larger losses than average.
Toyota Tundra Insurance Loss Statistics
Specific Toyota 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
Statistics from IIHS.org for 2013-2015 Model Years
Why you need to buy insurance
Despite the fact that insurance is not cheap in Phoenix, paying for insurance is not optional due to several reasons.
- Just about all states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance in order to drive the car legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Toyota Tundra has a lien holder, most lenders will have a requirement that you have full coverage to ensure they get paid if you total the vehicle. If you default on your policy, the bank may insure your Toyota at a more expensive rate and require you to reimburse them for it.
- Insurance protects not only your car but also your financial assets. Insurance will pay for medical transport and hospital expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay attorney fees if you cause an accident and are sued. If your car is damaged in a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance definitely exceed the price paid, especially when you need to use it. But the average American driver is overpaying over $869 every year so it’s important to compare rates at every renewal to ensure rates are inline.
The best insurance company isn’t always the cheapest
As you quote Phoenix car insurance, never buy poor coverage just to save money. In too many instances, an accident victim reduced liability limits or collision coverage only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to buy a smart amount of coverage at the best possible price, but do not skimp to save money.
You just read many ways to shop for Toyota Tundra insurance online. The key concept to understand is the more providers you compare, the higher your chance of finding affordable Toyota Tundra insurance quotes. Consumers may even find the lowest priced insurance comes from some of the lesser-known companies. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm or Progressive.
Additional learning opportunities
- Frontal Crash Tests (iihs.org)
- What Insurance is Cheapest for Infrequent Drivers in Phoenix? (FAQ)
- Who Has Cheap Car Insurance Rates for Drivers with Accidents in Phoenix? (FAQ)
- What Auto Insurance is Cheapest for Teenage Females in Phoenix? (FAQ)
- Who Has Affordable Auto Insurance for 18 Year Olds in Phoenix? (FAQ)
- Who Has Affordable Phoenix Auto Insurance for Lyft Drivers? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)