Buying the cheapest insurance for a Toyota Tundra doesn't take too much effort, but it is dependent upon a fairly complex equation with a lot of factors such as how old the Tundra is, whether or not you have filed claims in the past, and your choice of deductibles. Drivers in Indiana pay approximately $1,008 annually for Tundra insurance, but that amount is an approximation calculated based on a 40-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
The issue with using an average estimated rate is the likelihood you may not be 40 years old (or even male), possibly single instead of married, and maybe you have sub-par credit that needs to be factored in. Having different needs demonstrates why the best way to find cheap insurance prices for your Toyota is to do your own rate comparisons.
Your vehicle's trim level impacts the cost of coverage, so the rate you pay to insure a Tundra Regular Cab 2WD model will be $226 less than the price to insure the more costly Tundra SR/5 Crew Max 4WD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$192||$330||$326||$20||$98||$966||$81|
|Tundra SR/5 Double Cab 2WD||$220||$402||$326||$20||$98||$1,066||$89|
|Tundra SR/5 Crew Max 2WD||$220||$402||$326||$20||$98||$1,066||$89|
|Tundra Regular Cab 4WD||$248||$402||$326||$20||$98||$1,094||$91|
|Tundra Double Cab 4WD||$248||$402||$326||$20||$98||$1,094||$91|
|Tundra SR/5 Double Cab 4WD||$248||$402||$326||$20||$98||$1,094||$91|
|Tundra Limited Double Cab 2WD||$248||$472||$326||$20||$98||$1,164||$97|
|Tundra Limited Crew MAX 2WD||$248||$472||$326||$20||$98||$1,164||$97|
|Tundra Limited Crew MAX 4WD||$276||$472||$326||$20||$98||$1,192||$99|
|Tundra SR/5 Crew Max 4WD||$276||$472||$326||$20||$98||$1,192||$99|
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Prices do not factor in specific location information which can change coverage prices substantially.
Figuring out which company has the cheapest car insurance rates for a Toyota Tundra in Indiana will require a little more sweat than just comparing a company or two. Each auto insurer has their own formula for filing rates in each state, so let's take a look at the most budget-friendly car insurance companies in Indiana.
Best Cheap Insurance Rates for Your Tundra
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$875|
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Travelers normally has some of the best car insurance rates in Indiana at around $596 per year. This is $644 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are also some of the cheapest Indiana car insurance companies.
As shown in the table above, if you currently have coverage with Erie and switched to Travelers, you may realize a yearly price reduction of approximately $130. Indiana drivers with Western Reserve could save as much as $268 a year, and Indiana Farmers Mutual insureds might realize rate reductions of up to $279 a year.
These estimates are averaged for all drivers and vehicles in Indiana and do not factor in a specific rating modification for a Toyota Tundra. So the car insurance company that is most affordable for your situation may not even be in the top 36 companies shown above. That points out the importance of why you need to get rate quotes using your own personal information and vehicle type.
How to get discounts on Indiana car insurance
Insurance companies that offer quotes for a Toyota Tundra may also give you policy discounts that may potentially lower prices by as much as 25% or more if you are eligible to receive them. The best car insurance companies and a summarized list of policyholder discounts are detailed below.
- Progressive may have discounts that include good student, online signing, online quote discount, continuous coverage, multi-policy, and homeowner.
- AAA offers discounts for pay-in-full, education and occupation, good student, AAA membership discount, multi-policy, and good driver.
- Farmers Insurance offers discounts including electronic funds transfer, good student, mature driver, business and professional, alternative fuel, multi-car, and homeowner.
- GEICO includes discounts for federal employee, five-year accident-free, air bags, driver training, multi-policy, multi-vehicle, and seat belt use.
- Esurance may offer discounts for homeowner, anti-lock brakes, Switch & Save, anti-theft, and Pac-12 alumni.
- SAFECO offers premium reductions for accident prevention training, anti-lock brakes, drive less, teen safety rewards, and homeowner.
- State Farm policyholders can earn discounts including anti-theft, Steer Clear safe driver discount, good student, good driver, Drive Safe & Save, multiple policy, and passive restraint.
The illustration below compares car insurance costs with and without discounts applied to the policy rates. The information is based on a male driver, no accidents or driving violations, Indiana state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, vehicle safety, accident-free, defensive driving course, anti-theft, and homeowner discounts applied. When drivers take advantage of discounts, theaverage amount saved on car insurance for a Toyota Tundra is 28% or $499.
You are probably paying too much for Tundra insurance
Indiana car insurance rates are based on many factors that may substantially change the price of coverage. Simply improving your credit, becoming a homeowner, or getting a few speeding tickets can trigger changes in premium that can make some companies cheaper than competitors.
Also, insurers change their prices without warning to ensure their profitability. A period of higher than normal claims can cause higher prices, while a better claims history may cause more affordable Tundra insurance rates.
To help illustrate this point, the chart below demonstrates which company has the cheapest car insurance in Indiana for a 45-year-old female driver with a clear driving record, no claims, and great credit. If we look at prices based on her current situation, Travelers might quote the lowest car insurance rates in Indiana at $614 each year. This is $626 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and The Hartford are also included in the cheapest Indiana auto insurance companies.
The example below compares rates after we give the driver from the first example a claim, poor credit, and a blemish on her driving record. Because each insurer has their own unique process to determine rates, analyzing rate quotes could result in a new list of the cheapest Indiana car insurance companies as shown below.
Indiana Farmers Mutual now has the cheapest insurance rate in Indiana with Auto-Owners, Cincinnati Insurance, USAA, and Nationwide now being in the top five. This shows why it is crucial to spend some time comparing rates when trying to find the best auto insurance quotes for a Toyota Tundra.
Rates are determined by many factors and can increase or decrease at any time, so the cheapest company the last time you compared rates may now cost much more than other companies.