2023 Toyota Tacoma Car Insurance Calculator

Learn and understand how changes to driver risk factors and vehicle options impact the cost of insurance for a 2023 Toyota Tacoma. Experiment with rate factors like gender of the driver, whether you're married or single, and the state and city you live in to see how insurance rates are affected. Instantly discover how much rates change and learn why.

The average estimated car insurance premium for a 2023 Toyota Tacoma is $2,078 per year, or about $173 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

$2,078

Cost Per Month

$173

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 2023 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.

$2,078
Average Rate
Your Rate
$2,078

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.

The 'Average Rate' is a combined value for all 2023 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 2023 Toyota Tacoma is $2,078.

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.

2023 Toyota Tacoma vs. the Midsize Truck Segment

The table below compares insurance rates for the 2023 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.

2023 Toyota Tacoma Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Ford Maverick$1,886-$192
2Chevrolet Colorado$1,896-$182
3Nissan Frontier$1,964-$114
4Ford Ranger$2,018-$60
5GMC Canyon$2,066-$12
6Toyota Tacoma$2,078--
7Hyundai Santa Cruz$2,116$38
2023 Midsize Truck Average$2,149$71
8Honda Ridgeline$2,260$182
9Jeep Gladiator$2,366$288
10Rivian R1T$2,836$758

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.

2023 Tacoma Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 Toyota Tacoma Insurance Rates by Trim Level
2023 Toyota Tacoma Trim Level Annual Premium Cost Per Month
SR Access Cab 4WD$1,932$161
SR Access Cab 2WD$1,942$162
SR5 Access Cab 4WD$1,978$165
SR5 Access Cab 2WD$1,996$166
SR Access Cab V6 4WD$1,998$167
SR Double Cab 2WD$2,004$167
SR5 Double Cab 4WD$2,012$168
SR Access Cab V6 2WD$2,018$168
SR5 Double Cab 2WD$2,024$169
SR5 Access Cab V6 4WD$2,060$172
SR5 Double Cab 4WD$2,082$174
SR5 Access Cab V6 2WD$2,090$174
TRD Sport Access Cab 4WD$2,094$175
TRD Off-Road Access Cab 4WD$2,094$175
TRD Sport Double Cab 4WD$2,114$176
TRD Off-Road Double Cab 4WD$2,114$176
SR5 Double Cab V6 2WD$2,118$177
TRD Sport Access Cab 2WD$2,132$178
Trail Special Edition AWD$2,148$179
TRD Off-Road Double Cab 2WD$2,160$180
Limited AWD$2,188$182
TRD Sport Double Cab 2WD$2,194$183
TRD Pro AWD$2,228$186
Limited 2WD$2,248$187

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 2023 Toyota Tacoma for different driver ages.

2023 Toyota Tacoma Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$7,438$620
17$7,195$600
18$6,422$535
19$5,859$488
20$4,485$374
21$4,277$356
22$3,828$319
23$3,153$263
24$2,976$248
25$2,416$201
30$2,218$185
35$2,140$178
40$2,078$173
45$1,950$163
50$1,848$154
55$1,726$144
60$1,730$144
65$1,842$154
70$1,990$166
75$2,348$196
80$2,896$241

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.