Save on Toyota Tundra Insurance in Cincinnati

Insurance for Toyota TundraIt’s easy to assume that auto insurance companies want to keep you from comparing rates. Drivers who perform rate comparisons are inclined to switch to a new company because there is a high probability of finding more affordable rates. Remarkably, a study showed that drivers who compared rate quotes regularly saved $865 annually as compared to drivers who never shopped around for better prices.

If finding budget-friendly rates on Toyota Tundra insurance in Cincinnati is your ultimate goal, understanding how to shop and compare auto insurance can help you succeed in finding affordable rates.

If you want to save the most money, the best way to get discount Toyota Tundra insurance is to start doing an annual price comparison from different companies in Cincinnati. This can be done by completing these steps.

The key aspect of shopping around is to compare identical coverage information on every quote request and and to get rate quotes from as many companies as feasibly possible. This guarantees a level playing field and the best price selection.

How to get low cost Toyota Tundra insurance in Cincinnati, Ohio

All the larger auto insurance companies allow consumers to get prices on the web. Getting quotes for Toyota Tundra insurance in Cincinnati is pretty easy as you simply type in the coverage amounts you desire on the page. Behind the scenes, the system automatically orders your driving record and credit report and quotes a price based on the data you entered. Being able to quote online for Toyota Tundra insurance in Cincinnati makes it easy to compare insurance prices and it’s necessary to do this if you want to get a better rate.

If you want to fill out one form to compare multiple rates now, take a look at the companies shown below. To compare your current rates, we recommend you input deductibles and limits exactly as shown on your declarations page. This helps ensure you are getting an apples-to-apples comparison using the exact same coverages.

The following companies can provide quotes in Cincinnati, OH. If you wish to find the cheapest car insurance in OH, it’s highly recommended you visit as many as you can to get the most affordable price.

Toyota Tundra insurance coverage information

The table displayed below highlights estimates of insurance coverage prices for Toyota Tundra models. Having knowledge of how auto insurance policy rates are established can be of help when making smart choices when purchasing an auto insurance policy.

Toyota Tundra Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $132 $240 $242 $14 $72 $700 $58
Tundra SR/5 Double Cab 2WD $150 $292 $242 $14 $72 $770 $64
Tundra SR/5 Crew Max 2WD $150 $292 $242 $14 $72 $770 $64
Tundra Regular Cab 4WD $170 $292 $242 $14 $72 $790 $66
Tundra Double Cab 4WD $170 $292 $242 $14 $72 $790 $66
Tundra SR/5 Double Cab 4WD $170 $292 $242 $14 $72 $790 $66
Tundra Limited Double Cab 2WD $170 $344 $242 $14 $72 $842 $70
Tundra Limited Crew MAX 2WD $170 $344 $242 $14 $72 $842 $70
Tundra Limited Crew MAX 4WD $190 $344 $242 $14 $72 $862 $72
Tundra SR/5 Crew Max 4WD $190 $344 $242 $14 $72 $862 $72
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can impact insurance rates considerably.

Deductible analysis

When comparing auto insurance rates, the most common question is at what level do you set your deductibles. The following tables show the price difference when you buy lower versus higher physical damage deductibles. The first data table uses a $100 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Toyota Tundra insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $170 $290 $256 $16 $76 $833 $69
Tundra SR/5 Double Cab 2WD $196 $352 $256 $16 $76 $921 $77
Tundra SR/5 Crew Max 2WD $196 $352 $256 $16 $76 $921 $77
Tundra Regular Cab 4WD $220 $352 $256 $16 $76 $945 $79
Tundra Double Cab 4WD $220 $352 $256 $16 $76 $945 $79
Tundra SR/5 Double Cab 4WD $220 $352 $256 $16 $76 $945 $79
Tundra Limited Double Cab 2WD $220 $416 $256 $16 $76 $1,009 $84
Tundra Limited Crew MAX 2WD $220 $416 $256 $16 $76 $1,009 $84
Tundra Limited Crew MAX 4WD $246 $416 $256 $16 $76 $1,035 $86
Tundra SR/5 Crew Max 4WD $246 $416 $256 $16 $76 $1,035 $86
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Toyota Tundra insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $94 $152 $256 $16 $76 $594 $50
Tundra SR/5 Double Cab 2WD $108 $186 $256 $16 $76 $642 $54
Tundra SR/5 Crew Max 2WD $108 $186 $256 $16 $76 $642 $54
Tundra Regular Cab 4WD $122 $186 $256 $16 $76 $656 $55
Tundra Double Cab 4WD $122 $186 $256 $16 $76 $656 $55
Tundra SR/5 Double Cab 4WD $122 $186 $256 $16 $76 $656 $55
Tundra Limited Double Cab 2WD $122 $220 $256 $16 $76 $690 $58
Tundra Limited Crew MAX 2WD $122 $220 $256 $16 $76 $690 $58
Tundra Limited Crew MAX 4WD $136 $220 $256 $16 $76 $704 $59
Tundra SR/5 Crew Max 4WD $136 $220 $256 $16 $76 $704 $59
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Table data does not factor in vehicle location which can raise or lower coverage prices greatly.

Based on these figures, using a $100 deductible will cost you roughly $24 more each month or $288 a year averaged for all Tundra models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 38 months between claims, you would save money if you choose a higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $80
Average monthly premium for $1,000 deductibles (subtract): – $56
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

Toyota Tundra liability-only versus full coverage

The diagram below shows the difference between Toyota Tundra insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The costs are based on no claims or driving citations, $100 deductibles, drivers are not married, and no discounts are applied.

Should you buy full coverage or liability only?

There is no exact rule of when to phase out full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Toyota Tundra replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after the policy deductible has been paid. If premium cost is more than $200 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some cases where removing full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Three main reasons to buy car insurance

Despite the high cost of buying insurance for a Toyota Tundra in Cincinnati, insuring your vehicle is mandatory in Ohio but it also protects more than you think.

The benefits of carrying adequate insurance definitely exceed the price paid, especially with large liability claims. As of last year, the average driver in Ohio overpays more than $750 every year so smart consumers compare quotes each time the policy renews to help ensure money is not being wasted.

Smart Buyers Can Cut Insurance Costs

An important part of buying insurance is that you know some of the factors that come into play when calculating the level of your policy premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that can earn you lower rates. Lots of factors are used in the calculation when quoting car insurance. Some are pretty understandable like your driving record, but other criteria are more obscure like your continuous coverage or your commute time.

The list below includes a partial list of the pieces companies use to determine your premiums.

What are good liability limits? – The liability coverage on your policy is the protection in the event that a jury decides you are liable for personal injury or accident damage. Your policy’s liability insurance provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.

Gaps in coverage mean higher prices – Driving any period of time without insurance is not a good idea and as a result your rates will increase for letting your coverage have a gap. And not only will insurance be more expensive, failure to provide proof of insurance may earn you fines and jail time.

Single drivers take more risk – Having a wife or husband can actually save you money when shopping for auto insurance. It may mean you are more responsible and statistics show married drivers tend to have fewer serious accidents.

Youthful drivers cost more – Inexperience drivers are statistically proven to be more careless with other occupants in the car and because of this, their auto insurance rates are much higher. Older insureds are shown to be more cautious, tend to cause fewer accidents, and usually have better credit.

The following data uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Safer cars save money – Safer cars tend to have lower insurance rates. Vehicles built for safety reduce the chance of injuries and fewer serious injuries means less claims paid which can result in lower premiums. If your Toyota Tundra is rated at least four stars on or an “acceptable” rating on you may be receiving a better rate.

Alarms and GPS tracking systems cut auto insurance rates – Selecting a car model that has an advanced theft prevention system can earn a premium discount. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms can help prevent auto theft and help lower rates.

Claims statistics for a Toyota Tundra – Insurance companies take into consideration historical loss data for every vehicle to help set a rate to offset losses. Models that statistically have higher number or severity of losses will have higher rates for specific coverages.

The table below illustrates the historical loss data for Toyota Tundra vehicles. For each coverage category, the claim probability for all vehicles, as an average, is equal to 100. Values below 100 imply a favorable loss record, while numbers shown that are more than 100 indicate more frequent losses or larger claims.

Insurance Loss Ratings for Toyota Tundra Vehicles
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

How much auto insurance do I need?

When selecting insurance from an agent or online, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that.Auto insurance savings
For instance, these questions may help you determine whether or not you may require specific advice.

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and may give you better protection.

Get the best coverage at the most affordable price

Cost effective Toyota Tundra insurance is available online as well as from independent agents in Cincinnati, so you should be comparing quotes from both in order to have the best chance of saving money. There are still a few companies who don’t offer online rate quotes and many times these regional carriers only sell through independent agencies.

In this article, we covered some good ideas how to find affordable Toyota Tundra insurance in Cincinnati. The key concept to understand is the more you quote Cincinnati auto insurance, the better your comparison will be. Drivers may even discover the lowest car insurance rates are with a lesser-known regional company. These smaller insurers may cover specific market segments cheaper compared to the large companies like Progressive or GEICO.

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