Car Insurance Rates for a Toyota Tacoma in Anchorage

How long has it been since you sat down and looked for more competitive Toyota Tacoma insurance in Anchorage? Paying for expensive Toyota Tacoma insurance in Anchorage can eat up your checking account and put a big crunch on your finances. Doing a rate comparison can help to reduce premiums and put more money in your pocket.

Anyone knows that auto insurance companies don’t want customers comparing rates. Consumers who rate shop once a year are likely to buy a new policy because of the high probability of finding a lower rate. A study showed that consumers who regularly compared price quotes saved about $865 annually as compared to drivers who never shopped around.

If finding the cheapest price for Toyota Tacoma insurance in Anchorage is the reason you’re reading this, then having some knowledge of the best way to quote and compare insurance coverage can help you be more efficient.

How to find affordable Toyota Tacoma insurance in Anchorage

The best way we recommend to find cheaper car insurance rates in Anchorage is to do a yearly price comparison from insurance carriers who provide auto insurance in Alaska.

• First, read about how your policy works and the factors you can control to prevent expensive coverage. Many policy risk factors that increase rates such as traffic violations, accidents, and poor credit can be amended by making small lifestyle or driving habit changes. This article gives ideas to find cheap rates and find additional discounts.
• Second, compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can provide price quotes for many different companies.
• Third, compare the new rate quotes to your current policy and see if you can save money. If you find better rates, make sure there is no coverage gap between policies.
• Fourth, notify your agent or company to cancel your existing policy. Submit a completed application and payment to the new company. Immediately safely store the certificate of insurance in an accessible location in your vehicle.

An essential thing to point out is to compare identical coverage information on every quote request and and to look at as many different companies as possible. This provides a fair rate comparison and the most accurate and complete price analysis.

Many insurance companies compete to insure your vehicles, and because of this it can be hard to compare insurance companies to discover the definitive cheapest price on Toyota Tacoma insurance in Anchorage.

If you have coverage now or just want to save money, you will benefit by learning to find better prices and still get good coverage. Locating the most cost-effective car insurance policy in Anchorage is actually very simple if you learn how to start. Consumers just need to understand the tricks to quote multiple rates from multiple carriers.

Cut your auto insurance rates with these seven discounts

Companies offering auto insurance don’t always publicize all their discounts in a way that’s easy to find, so the following is a list of a few of the more well known as well as the least known credits that may apply to you. If you do not check that you are getting every discount possible, you are just wasting money.

• Fewer Miles Equal More Savings – Maintaining low annual mileage could qualify for cheaper auto insurance rates.
• Drivers Education – Cut your cost by having your teen driver enroll and complete driver’s education as it will make them better drivers and lower rates.
• Paperless Signup – A handful of larger companies may give you up to $50 for buying your policy over the internet.
• Payment Discounts – If you pay your bill all at once rather than paying monthly you could save up to 5%.
• Smart Student Discounts – Maintaining excellent grades may save you up to 25%. Many companies even apply the discount to college students up until you turn 25.
• First Accident Forgiveness – Not really a discount, but companies like GEICO, Progressive, and Allstate will turn a blind eye to one accident without raising rates so long as you are claim-free prior to being involved in the accident.
• Clubs and Organizations – Having an affiliation with qualifying clubs or civic groups could earn you a nice discount on auto insurance.

As a sidenote, most credits do not apply to all coverage premiums. Most cut the price of certain insurance coverages like liability and collision coverage. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

The diagram below compares Toyota Tacoma car insurance costs with and without discounts applied. The costs are based on a female driver, no claims, a clean driving record, Alaska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, multi-policy, and homeowner discounts applied.

Large auto insurance companies and a summarized list of policyholder discounts are:

• Progressive policyholders can earn discounts including online signing, continuous coverage, good student, multi-policy, multi-vehicle, and homeowner.
• AAA offers discounts for anti-theft, AAA membership discount, education and occupation, multi-policy, and good student.
• Farmers Insurance offers discounts including youthful driver, switch companies, good student, early shopping, mature driver, pay in full, and teen driver.
• GEICO may have discounts that include military active duty, daytime running lights, seat belt use, good student, and membership and employees.
• Esurance discounts include anti-theft, multi-car, homeowner, claim free, good student, DriveSense, and multi-policy.
• SAFECO may include discounts for drive less, anti-theft, bundle discounts, anti-lock brakes, teen safety rewards, safe driver, and homeowner.
• State Farm has discounts for good driver, passive restraint, student away at school, good student, defensive driving training, multiple autos, and Drive Safe & Save.

Check with all the companies how you can save money. All car insurance discounts may not apply everywhere. If you would like to choose from a list of insurance companies who offer online Toyota Tacoma insurance quotes in Anchorage, click this link.

Finding a better price on insurance is not rocket science. You just have to take the time to get quotes from different insurance companies.

It’s so easy to compare price quotes online that it replaces the need to actually drive to local Anchorage insurance agencies. Doing it all online reduces the need to sit down with an agent unless you prefer the advice and guidance of an agent trained in personal lines coverage. It is possible to get prices online but buy from a local insurance agent.

The companies in the list below have been selected to offer free rate quotes in Alaska. In order to find the cheapest auto insurance in Anchorage, AK, we recommend you click on several of them in order to get a fair rate comparison.

Data for Toyota Tacoma insurance

The rate table shown next outlines estimates of insurance rates for Toyota Tacoma models. Being able to understand how insurance policy rates are calculated can assist in making smart choices when comparing insurance rates.

Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Prices do not factor in your specific Anchorage location which can alter premiums greatly.

Can higher deductibles save money?

One common question asked by Anchorage drivers is which deductibles should you choose. The premium rates below lay out how much more you’ll pay of buying low and high physical damage coverage deductibles. The first table uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in vehicle garaging location which can affect rates greatly.

Based on this data, using a $250 deductible will cost you about $20 more each month or $240 annually averaged for all Tacoma models than quoting the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 38 months between claims, you would most likely save money going with the higher deductible.

The chart below shows how choosing a deductible and can influence Toyota Tacoma annual premium costs for different ages of insureds. The data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Tickets and at-fault accidents raise rates

The information below demonstrates how speeding tickets and at-fault fender-benders impact Toyota Tacoma annual premium costs for each different age group. The rates are based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

Insurance rates by gender and age

The diagram below shows the difference between Toyota Tacoma auto insurance rates for male and female drivers. Data assumes no claims or violations, full coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

How to know if you need help

Always keep in mind that when comparing coverage online or from an agent for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that.
For instance, these questions may help highlight if your situation would benefit from professional advice.

• Can I use my car for my catering business?
• Why are teen drivers so expensive to add on to my policy?
• I have good health insurance, so how much medical payments coverage do I need?
• I don’t drive much so do I pay less?
• Do I need more liability coverage?
• When should I have rental car coverage?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Do I need an agent?

Some consumers just want to talk to an insurance agent and we recommend doing that Professional insurance agents can point out coverage gaps and help file insurance claims. The best thing about getting online price quotes is that you can obtain lower premium rates but also keep your business local.

After filling out this simple form, your information is transmitted to agents in your area that can provide free Anchorage auto insurance quotes for your insurance coverage. You don’t have to even leave your home because prices are sent instantly to you. If you have a need to compare rates from one company in particular, just go to their quote page and fill out the quote form the provide.

Selecting an provider requires you to look at more than just a low price. Below are some questions you should ask.

• Do they have cheaper tiers of coverage?
• When do they do policy reviews?
• Which insurance company do they prefer to write with?
• Is the agency covered by Errors and Omissions coverage?
• By raising physical damage deductibles, how much would you save?
• Do they prorate repair cost based on vehicle mileage?
• Do they offer accident forgiveness?
• Is their price quote a firm figure or are their hidden costs?

Independent or Exclusive: It’s your choice

If you want to buy car insurance from a local Anchorage insurance agent, there are a couple of different agency structures that you can select. Car insurance agencies can be described as either independent or exclusive depending on the company they work for. Either type can write policy coverage, but it is a good idea to know the difference in the companies they write for since it could factor into your agent selection.

Exclusive Agencies

Exclusive agents write business for a single company and some examples include Allstate and State Farm. Exclusive agencies are unable to compare rates from other companies so you need to shop around if the rates are high. Exclusive agents are well trained on their products and sales techniques which helps them compete with independent agents.

Below is a short list of exclusive agents in Anchorage who may provide you with price quotes.

View more Anchorage agents

Independent Agencies or Brokers

Independent agencies are not employed by any specific company so they can quote policies through lots of different companies enabling the ability to shop coverage around. If premiums increase, an independent agent can move your coverage and you stay with the same agent.

If you are trying to find cheaper rates, we recommend you check rates from multiple independent agents to have the most options to choose from.

Below are Anchorage independent insurance agents that are able to give price quote information.

View more Anchorage agents

Which auto insurance company is best in Alaska?

Finding the right auto insurance company can be difficult considering how many choices there are in Anchorage. The company rank data displayed below can help you select which car insurance companies to look at to insure your vehicles.

Top 10 Anchorage Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Progressive
9. Allstate
10. Liberty Mutual

Top 10 Anchorage Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 94%
2. AAA Insurance – 91%
3. State Farm – 90%
4. GEICO – 89%
5. The Hartford – 89%
6. The General – 88%
7. 21st Century – 88%
8. Allstate – 88%
9. Liberty Mutual – 88%
10. Esurance – 87%

The coverage is in the details

Knowing the specifics of a auto insurance policy aids in choosing the right coverages and proper limits and deductibles. Auto insurance terms can be confusing and reading a policy is terribly boring. Shown next are typical coverage types found on most auto insurance policies.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for expenses like X-ray expenses, prosthetic devices and pain medications. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage – Collision insurance will pay to fix damage to your Tacoma resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a mailbox, scraping a guard rail, colliding with another moving vehicle, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible on your Tacoma in order to get cheaper collision rates.

Comprehensive coverage – This coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like rock chips in glass, fire damage and hitting a deer. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as damage to your Toyota Tacoma.

Since a lot of drivers have only the minimum liability required by law (50/100/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Liability auto insurance – This protects you from damage that occurs to a person or their property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/25 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $25,000 of coverage for damaged property.

Liability can pay for claims like loss of income, medical expenses, structural damage, attorney fees and pain and suffering. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford. Alaska requires drivers to carry at least 50/100/25 but it’s recommended drivers buy more liability than the minimum.

The chart below shows why buying low liability limits may not be adequate coverage.

Quote. Compare. Save.

Cheaper car insurance in Anchorage is available from both online companies and from local insurance agents, and you should compare rates from both to get a complete price analysis. Some insurance providers may not have rate quotes online and most of the time these smaller providers provide coverage only through independent agents.

In this article, we covered a lot of ways to save on Toyota Tacoma insurance in Anchorage. The most important thing to understand is the more price quotes you have, the better likelihood of getting cheaper Anchorage auto insurance quotes. You may even find the best price on car insurance is with a company that doesn’t do a lot of advertising. Regional companies may often insure only within specific states and give better rates compared to the large companies like Progressive or GEICO.

How to find the cheapest rates for Toyota Tacoma insurance in Anchorage

It takes a little time, but the best way to get cheaper auto insurance rates in Anchorage is to begin comparing prices regularly from insurers in Alaska. Prices can be compared by following these steps.

• Step 1: Read about how insurance works and the things you can control to keep rates in check. Many policy risk factors that increase rates like getting speeding tickets and an unfavorable credit rating can be amended by making minor driving habit or lifestyle changes.
• Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agents can give you price quotes from multiple companies.
• Step 3: Compare the new rate quotes to your current policy to see if a cheaper price is available. If you can save money and change companies, ensure coverage does not lapse between policies.
• Step 4: Give notification to your current company to cancel the current policy and submit a down payment along with a completed application to your new carrier. As soon as you receive it, place your new certificate verifying proof of insurance with the vehicle registration.

One thing to point out is to compare identical deductibles and limits on each quote request and and to get rate quotes from as many auto insurance providers as possible. Doing this ensures an apples-to-apples comparison and the best price quote selection.

For more information, link through to the resources below:

• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Who Has the Cheapest Car Insurance Quotes for a Jeep Wrangler in Anchorage? (FAQ)
• How Much are Auto Insurance Rates for a Toyota Tacoma in Anchorage? (FAQ)
• How Much is Car Insurance for Inexperienced Drivers in Anchorage? (FAQ)
• Who Has the Cheapest Anchorage Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
• Neck Injury FAQ (iihs.org)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Vehicle Size and Weight FAQ (iihs.org)
• Auto Insurance 101 (About.com)