Finding cheap coverage for a Toyota Tacoma in Wyoming hinges on a complex formula that considers things such as your gender, whether or not you have prior claims, and your choice of physical damage deductibles. Drivers pay around $996 annually to insure their Tacoma, but that amount is calculated using a 50-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
When estimating a car insurance rate like we just did, the issue is that you aren't exactly 50 years old or even a male, maybe you are married instead of single, or maybe your Tacoma is old enough that it doesn't require full coverage. This shows why the only real way to find affordable rates for your Toyota is to compare rates from as many companies as possible.
Vehicle trim level tends to have a direct effect on the cost of coverage, so the price you will be charged to insure a Tacoma 2WD model will cost $50 less than the cost to insure the high end Tacoma Double Cab TRD Sport Package 4WD trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tacoma Double Cab 4WD||$194||$388||$404||$24||$122||$1,132||$94|
|Tacoma X-Runner 2WD||$194||$456||$404||$24||$122||$1,200||$100|
|Tacoma Double Cab 4WD||$218||$388||$404||$24||$122||$1,156||$96|
|Tacoma Double Cab TRD Off-Road Package 4WD||$218||$388||$404||$24||$122||$1,156||$96|
|Tacoma Double Cab TRD Sport Package 4WD||$218||$388||$404||$24||$122||$1,156||$96|
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wyoming minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in vehicle location which can raise or lower price quotes greatly.
Wyoming insurance companies
Choosing the best insurance company is hard considering how many different insurance companies sell coverage in Wyoming. The information in the lists below can help you decide which providers to look at shopping prices with.
The ratings below are for the companies with a significant amount of written premium nationwide, so companies without a large exposure are not included in these rankings. To get rate quotes from these and other top-rated companies, just click here.
Top 10 Large Auto Insurers in Wyoming Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- The General
- 21st Century
Top 10 Large Auto Insurers in Wyoming Ranked by Customer Satisfaction
- USAA - 94%
- AAA Insurance - 91%
- Nationwide - 90%
- State Farm - 90%
- GEICO - 89%
- The Hartford - 89%
- The General - 88%
- 21st Century - 88%
- Allstate - 88%
- Liberty Mutual - 88%
Top Companies for Toyota Tacoma Insurance in Wyoming
Difference between liability only and full coverage rates
Paying less for insurance is probably important to most vehicle owners, and one great way to find cheaper insurance for a Toyota Tacoma in Wyoming is to buy only liability coverage. The diagram below visualizes the comparison of insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Wyoming. The costs are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied to the premium.
If averaged for all ages, physical damage coverage costs $2,074 per year more than just insuring for liability. That proposes the question if buying full coverage is worth the expense. There is no definitive rule of when to phase out full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
There are a few situations where buying only liability insurance is not a good idea. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not remove full coverage.
You may be paying too much for Tacoma insurance
Wyoming insurance rates are impacted by many things which can substantially decrease or increase the policy price. Simply getting older, adding a teenager to your policy, or getting a DUI can cause premium changes resulting in some companies being much cheaper than others. Not only may your risk profile change, but car insurance companies change rates at least once a year to ensure their profitability. Higher than normal claims may cause increased policy costs, while profitable underwriting can produce cheaper Tacoma insurance rates.
To illustrate this example, the data below shows which company has the cheapest car insurance in Wyoming for a 35-year-old female driver with a clean driving record, no accidents, and solid credit. If we estimate rates based on her personal profile, USAA may have the lowest car insurance rates in Wyoming at $631 each year. This is $489 less than the average policy premium paid by Wyoming drivers of $1,120. The Hartford, Safeco, National Farmers Union, and GEICO are the remaining best Wyoming auto insurance companies.
In this next rate comparison, we will give the driver in the first chart an accident claim, a lower credit rating, and a speeding citation. Because each company has a unique approach to determining premium rates, comparing quotes will most likely result in a new list of the cheapest car insurance companies in Wyoming as shown below.
Grange now has the cheapest car insurance in Wyoming with USAA, The Hartford, Safeco, and California Casualty now being in the top five. This illustrates why it is important to do a thorough rate comparison when trying to get the most affordable auto insurance quotes for a Toyota Tacoma. Car insurance prices are influenced by many things and can change substantially, so the cheapest company a year ago may now be one of the more expensive options.
How to find cheaper insurance for a Toyota Tacoma in Wyoming
Lowering your rates is not difficult, and here are some of the better penny-pinching solutions that can help Wyoming drivers get cheap coverage.
- Prevent rate increases by staying accident-free
- Save money by staying claim-free
- Serious violations like DUI or reckless driving can increase rates dramatically
- Drop full coverage on older vehicles
- Raise your deductibles
- Compare rates once a year for cheaper prices
The last item on the list is incredibly necessary, as was noted in the prior article. Prices vary greatly, so drivers shouldn't hesitate to switch carriers if a better deal can be had.
Brand loyalty is not necessarily bad, but we do not recommend it if that stubbornness costs you major coinage every year. It only takes a couple minutes to shop around to find cheaper insurance for a Toyota Tacoma.