How Much are Auto Insurance Rates for a Toyota Tacoma in Anchorage?

Buying economical auto insurance for a Toyota Tacoma in Alaska relies on a large number of factors such as when you were born, the likelihood of vehicle theft, and citations on your driving record. Drivers pay around $636 per year to insure their Tacoma, but that figure is a projection using a 30-year-old married male driver with full coverage and $1,000 deductibles.

But there is a high likelihood that you are not 30 years old and maybe not even male, maybe you are single instead of married, or maybe you just want different deductibles. Even a slight difference in the rating criteria used to formulate rates can make a big difference in how much coverage for a Toyota Tacoma costs.

This shows why the only real way to find the cheapest insurance price for your Toyota is to just take the time to compare rates yourself.

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The trim level of your Tacoma can impact the cost of insurance, so the price you will be charged to insure a Tacoma 2WD will be $32 lower than the price to insure the more costly Tacoma Double Cab TRD Sport Package 4WD version, as shown in the table below.

Toyota Tacoma Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tacoma 2WD $114 $222 $272 $16 $82 $706 $59
Tacoma 4WD $130 $184 $272 $16 $82 $684 $57
Tacoma Double Cab 4WD $130 $222 $272 $16 $82 $722 $60
Tacoma X-Runner 2WD $130 $262 $272 $16 $82 $762 $64
Tacoma Double Cab 4WD $146 $222 $272 $16 $82 $738 $62
Tacoma Double Cab TRD Off-Road Package 4WD $146 $222 $272 $16 $82 $738 $62
Tacoma Double Cab TRD Sport Package 4WD $146 $222 $272 $16 $82 $738 $62
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Price estimates do not factor in your specific Anchorage location which can alter coverage prices substantially.

Anchorage insurance companies ranked

Finding the right insurer is difficult considering how many different insurance companies sell coverage in Anchorage. The information in the lists below could help you decide which companies you want to consider when looking for cheaper rates. The rankings below only include companies that insure vehicles across America, so companies without a large exposure are not factored into this list.

Top 10 Large Auto Insurance Providers in Anchorage 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%

Types of discounts on Anchorage car insurance

Save on insurance for a Tacoma in AnchorageInsurers that sell policies for a Toyota Tacoma may also give you price discounts that may potentially lower prices by 35% or more if you can meet the requirements. Popular insurance companies and a partial list of their discounts are:

The information below compares insurance premiums with and without discounts applied to the rates. The prices are based on a male driver, no driving violations, no at-fault accidents, Alaska state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, homeowner, anti-theft, multiple vehicle, passive restraint, and claim-free discounts applied. In this example, the average amount saved each year on insurance for a Toyota Tacoma is 28% or $382.

How much more does full coverage cost?

Finding the cheapest insurance is probably important to most people, and one of the fastest ways to reduce the cost of insurance for a Toyota Tacoma is to only buy liability insurance. The example below visualizes the comparison of car insurance costs with liability coverage only compared to full coverage. The data is based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no discounts are factored in.

On average, physical damage coverage costs $1,336 per year more than insuring for liability only. Many of you may wonder if full coverage is worth the money. There is no definitive formula to exclude full coverage, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

There are a few situations where removing full coverage is not recommended. If you haven’t satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage.

How to find low-cost insurance for a Toyota Tacoma

The list below summarizes many money-saving solutions that can help you find low-cost coverage.

The last item on the list is particularly necessary, as we emphasized in the article above. Car insurance rates can change considerably in a year, so drivers shouldn’t hesitate to change insurance companies if a better deal can be had. Many drivers tend to have loyalty to a certain company, but it’s not recommended if that faithfulness ends up costing you a small fortune year after year. It only take a few minutes to compare rates to find cheaper auto insurance for a Toyota Tacoma in Anchorage.