How long has it been since you compared lower-priced Toyota Tundra insurance in San Jose? Trying to find cheaper insurance for a new or used Toyota Tundra in California could be a lot of work, but you can learn these tips to save time.
There are more efficient ways to shop for insurance and you need to know the best way to quote coverages for a Toyota and locate the cheapest rates from both online companies and San Jose agents.
Finding and comparing the lowest cost auto insurance coverage in San Jose is easy if you know what you’re doing. If you’re already insured or just want to save money, use these cost-cutting techniques to save money and still have adequate protection. You just have to use the quickest method to shop their coverage around online from multiple companies.
The quickest method we recommend to get rate comparisons for Toyota Tundra insurance in San Jose is to know most of the larger companies participate in a system to provide you with free rate quotes. The one thing you need to do is give them rating details like if you have an active license, your education level, whether you are single or married, and if you require a SR-22. The data gets transmitted to insurance companies and they return rate quotes within a short period of time.
To start a rate quote now, click here and see if a lower rate is available in San Jose.
The following companies are ready to provide comparison quotes in San Jose, CA. If the list has multiple companies, we suggest you visit as many as you can to get the best price comparison.
Save a ton by taking advantage of discounts
Auto insurance companies don’t list all available discounts very clearly, so the following is a list of a few of the more common and also the more inconspicuous ways to save on insurance.
- College Student Discount – Youth drivers who are attending college and don’t have a car may be able to be covered for less.
- Military Rewards – Being on active duty in the military may lower your prices slightly.
- Data Collection Discounts – San Jose drivers who agree to allow their insurance company to study their driving habits by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could save a few bucks as long as the data is positive.
- Professional Organizations – Joining qualifying employment or professional organizations is a simple method to lower premiums on insurance.
- Life Insurance Discount – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
- Responsible Driver Discounts – Drivers who don’t get into accidents may save up to 50% more than drivers with accident claims.
- Government Employee Discount – Active or former government employment could qualify for a slight premium decrease with select insurance companies.
We need to note that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. Despite the fact that it seems like you could get a free insurance policy, company stockholders wouldn’t be very happy.
The illustration below compares Toyota Tundra annual premium costs with and without some available policy discounts. The prices are based on a female driver, no accidents, no driving violations, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, claim-free, multi-car, and multi-policy discounts applied.
A few of the larger companies and the discounts they provide are detailed below.
- State Farm may have discounts that include good driver, good student, accident-free, driver’s education, and multiple policy.
- Nationwide discounts include easy pay, defensive driving, multi-policy, business or organization, and good student.
- GEICO offers premium reductions for seat belt use, multi-policy, multi-vehicle, air bags, and emergency military deployment.
- AAA has savings for multi-car, good student, anti-theft, education and occupation, AAA membership discount, and multi-policy.
- 21st Century may offer discounts for defensive driver, early bird, anti-lock brakes, teen driver, and 55 and older.
- The Hartford has discounts for air bag, bundle, vehicle fuel type, anti-theft, and defensive driver.
When comparing rates, check with all the companies which discounts they offer. Some discounts listed above might not be offered in San Jose. To see a list of insurance companies with significant discounts in California, click here.
Car insurance analysis for a Toyota Tundra
The coverage table displayed next outlines detailed analysis of coverage prices for Toyota Tundra models. Having a good grasp of how insurance premiums are figured is important for you to make smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$256||$464||$524||$32||$156||$1,432||$119|
|Tundra SR/5 Double Cab 2WD||$294||$564||$524||$32||$156||$1,570||$131|
|Tundra SR/5 Crew Max 2WD||$294||$564||$524||$32||$156||$1,570||$131|
|Tundra Regular Cab 4WD||$332||$564||$524||$32||$156||$1,608||$134|
|Tundra Double Cab 4WD||$332||$564||$524||$32||$156||$1,608||$134|
|Tundra SR/5 Double Cab 4WD||$332||$564||$524||$32||$156||$1,608||$134|
|Tundra Limited Double Cab 2WD||$332||$664||$524||$32||$156||$1,708||$142|
|Tundra Limited Crew MAX 2WD||$332||$664||$524||$32||$156||$1,708||$142|
|Tundra Limited Crew MAX 4WD||$370||$664||$524||$32||$156||$1,746||$146|
|Tundra SR/5 Crew Max 4WD||$370||$664||$524||$32||$156||$1,746||$146|
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price information does not factor in specific zip code location which can raise or lower premiums considerably.
Insurance rate increases from tickets or accidents
The example below illustrates how traffic citations and at-fault collisions can raise Toyota Tundra car insurance costs for different age categories. The rate quotes are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
Full coverage versus liability only rates
The illustration below illustrates the comparison of Toyota Tundra yearly insurance costs with full coverage compared to only the California minimum liability coverage. The prices are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no exact rule to delete full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s say your Toyota Tundra replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after the deductible is paid. If you are paying in excess of $600 annually to have full coverage, then it might be time to consider dropping full coverage.
There are some situations where buying only liability insurance is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Five factors that impact insurance premiums
An important part of buying insurance is that you know a few of the rating criteria that go into determining your policy premiums. If you have a feel for what determines base rates, this enables informed choices that could result in much lower annual insurance costs.
Don’t skimp on liability coverage – Your auto insurance policy’s liability coverage kicks in when you are ruled to be at fault for physical damage or personal injury to other. Liability insurance provides legal defense coverage to defend your case. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Save money with higher comp and collision deductibles – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Toyota. Some examples of claims that would be covered are colliding with a building, flood damage, and damage from a fallen tree branch. The deductibles define how much you are willing to pay before a claim is paid by your company. The more expense the insured is willing to pay, the bigger discount you will receive.
Buy a safe car and pay less – Vehicles that have high safety ratings tend to have lower insurance rates. Vehicles built for safety result in less severe injuries and any reduction in injury severity means less claims paid and thus lower rates. If your Toyota Tundra has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
With age comes lower rates – Drivers with little experience have been known to get distracted easily when behind the wheel and because of this, their auto insurance rates are much higher. More experienced drivers are more responsible, statistically cause fewer accidents, and are generally more financially stable.
The following chart assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
Is your car built for speed? – The make and model of the car or truck you drive makes a substantial difference in the rate you pay. The cheapest rates are generally reserved for lower cost passenger vehicles, but the final cost of insurance is determined by many other factors.
The chart below uses these assumptions: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Toyota Tundra car insurance rates compared to other models that have a range of risk factors.
Loss statistics for a Toyota Tundra – Auto insurance companies include the past claim history for a vehicle when setting rates for each model. Vehicles that have high amounts or severity of claims will have increased rates.
The table below demonstrates the historical insurance loss data for Toyota Tundra vehicles. For each policy coverage, the statistical loss for all vehicles compiled together is a value of 100. Numbers that are below 100 mean the vehicle has better than average losses, while values that are above 100 point to more frequent losses or statistically larger losses.
|Vehicle 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years