What Insurance is Cheapest for a Toyota Tacoma in Chicago?

Finding economical car insurance for a Toyota Tacoma in Illinois is usually pretty straightforward, but it hinges on an enormous amount of rating factors such as your gender, if you have recent claims, and your motor vehicle report. Illinois drivers will pay on average $758 a year to insure their Tacoma, but that is a valuation based upon a 50-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not 50 and maybe not even a male, you might be single instead of married, or maybe you just want liability only instead of full coverage. Even a slight difference in rating variables or coverage information can result in a large change in rates.

There is no perfect policy for every driver, so the best way to find affordable rates for your Toyota is to put in the effort to do a thorough rate comparison.

Compare Toyota Tacoma Insurance Rates

Your vehicle’s trim level tends to have a direct effect on the coverage cost, so the rate you pay to insure a Tacoma 2WD model will be $46 less expensive the insurance cost for the more well-appointed Tacoma Double Cab TRD Sport Package 4WD trim level, as demonstrated by the prices below.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific garaging location which can affect premiums significantly.

Determining which insurers offer the cheapest car insurance rates for a Toyota Tacoma takes a little more work than just picking a company at random. Each insurance company uses a different method to establish rates, so we’ll take a look at the car insurance companies with the most affordable rates in Chicago, IL.

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The Hartford offers some of the best car insurance rates in Chicago at around $753 per year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also are some of the cheapest Chicago, IL car insurance companies.

As shown above, if you are insured with Erie and switched to The Hartford, you might see a yearly savings of roughly $161. Insureds with Cincinnati Insurance could save as much as $171 a year, and Utica National insureds might realize rate reductions of up to $193 a year.

Bear in mind that those premiums are averaged across all drivers and vehicles in Illinois and are not factoring in a vehicle location for a Toyota Tacoma. So the car insurance company that is best suited for you may not even be in the top 36 companies shown above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The information below shows how different deductible levels can increase or decrease premium costs when searching for cheap insurance for a Toyota Tacoma. The rates are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

As shown above, a 30-year-old driver could lower their car insurance rates by $298 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $452 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old, could possibly save as much as $866 each year by using higher deductibles when buying full coverage.

When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have additional funds squirreled away to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Here’s why you should compare rates often

Illinois car insurance rates are based on many factors that may substantially change the price you have to pay. Turning one year older, adding a teenager to your policy, or getting a ticket for careless driving can trigger changes in premium that can make some companies more affordable than others. Also, car insurance companies amend premium rates as often as every quarter in order to remain profitable. Higher than normal claims may result in price increases, while long-term profits may cause cheaper Tacoma insurance rates.

The chart below shows the cheapest car insurance in Chicago, IL for a 45-year-old male driver with no prior claims, no tickets, and good credit. When quoting prices based on his current risk factors, The Hartford offers the lowest car insurance rates in Chicago at $1,211 annually. This is $138 less than the average rate paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance round out the rest of the most affordable Chicago, IL auto insurance companies.

Let’s now give the driver from the above example a claim, less-than-perfect credit, and a stop sign violation. Since each auto insurer uses their own method to determine rates, getting updated rate quotes most likely will result in a different set of the cheapest car insurance companies in Chicago as shown below.

Utica National now has the best auto insurance rate in Chicago with Travelers, State Farm, SECURA, and Auto-Owners also being competitive. This demonstrates why drivers need to do a thorough rate comparison when trying to get affordable auto insurance quotes for a Toyota Tacoma.

Rates can be determined by many risk factors and can change substantially, so the lowest-price company a year ago may now be wasting a lot of money.