Toyota Tacoma Car Insurance Calculator

Explore and understand how life choices influence insurance rates for a Toyota Tacoma. Change driving record, coverage levels, mileage driven, and vehicle usage plus many other factors. Instantly know how changes you make impact the rate.

The average estimated car insurance premium for a 2024 Toyota Tacoma is $2,372 per year, or about $198 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,372

Cost Per Month

$198

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Toyota Tacoma Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Toyota Tacoma.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,372
Average Rate
Your Rate
$2,372

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Toyota Tacoma.

The 'Average Rate' is a combined value for all Toyota Tacoma trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Toyota Tacoma is $2,372.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Toyota Tacoma vs. the Midsize Truck Segment

The table below compares insurance rates for the 2024 Toyota Tacoma against all other models in the midsize truck segment. The Toyota Tacoma is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Toyota Tacoma, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Toyota Tacoma.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Toyota Tacoma Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Chevrolet Colorado$2,064-$308
2Nissan Frontier$2,216-$156
3Ford Ranger$2,238-$134
4Ford Maverick$2,272-$100
5Honda Ridgeline$2,324-$48
6Hyundai Santa Cruz$2,364-$8
2024 Midsize Truck Average$2,365-$7
7Toyota Tacoma$2,372--
8GMC Canyon$2,412$40
9Jeep Gladiator$2,468$96
10Rivian R1T$2,922$550

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 Tacoma Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Toyota Tacoma.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Toyota Tacoma Insurance Rates by Trim Level
2024 Toyota Tacoma Trim Level Annual Premium Cost Per Month
SR XtraCab 2WD$2,150$179
SR5 XtraCab 2WD$2,210$184
SR Double Cab 2WD$2,214$185
SR5 Double Cab 2WD$2,234$186
SR XtraCab 4WD$2,250$188
SR5 XtraCab 4WD$2,298$192
SR5 Double Cab 4WD$2,336$195
SR5 Double Cab V6 2WD$2,340$195
TRD PreRunner$2,346$196
TRD Off-Road Double Cab 2WD$2,376$198
SR5 Double Cab 4WD$2,402$200
TRD Sport Double Cab 2WD$2,408$201
TRD Sport Double Cab 4WD$2,438$203
TRD Off-Road Double Cab 4WD$2,438$203
Limited 2WD$2,466$206
Trail Special Edition AWD$2,472$206
Limited AWD$2,514$210
TRD Pro AWD$2,562$214
Trailhunter$2,610$218

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Toyota Tacoma for different driver ages.

2024 Toyota Tacoma Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,631$719
17$8,322$694
18$7,380$615
19$6,743$562
20$5,135$428
21$4,898$408
22$4,370$364
23$3,609$301
24$3,401$283
25$2,752$229
30$2,524$210
35$2,440$203
40$2,372$198
45$2,224$185
50$2,110$176
55$1,968$164
60$1,974$165
65$2,106$176
70$2,294$191
75$2,724$227
80$3,366$281

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Toyota Tacoma trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Toyota Tacoma.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Toyota Tacoma Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Toyota Tacoma$2,372$198
2023 Toyota Tacoma$2,078$173
2022 Toyota Tacoma$1,988$166
2021 Toyota Tacoma$1,854$155
2020 Toyota Tacoma$1,798$150
2019 Toyota Tacoma$1,742$145
2018 Toyota Tacoma$1,922$160
2017 Toyota Tacoma$1,820$152
2016 Toyota Tacoma$1,728$144
2015 Toyota Tacoma$1,534$128
2014 Toyota Tacoma$1,416$118
2013 Toyota Tacoma$1,388$116

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Toyota Tacoma trim levels for each model year.