It’s a fact that insurance companies don’t want policyholders to compare prices from other companies. Consumers who shop around for cheaper prices are inclined to switch car insurance companies because of the high probability of finding more affordable rates. Surprisingly, a recent survey revealed that drivers who faithfully checked for cheaper rates saved about $3,500 over four years compared to drivers who never shopped around for better prices.
If finding the cheapest price for Toyota Tundra insurance in Colorado Springs is your objective, learning the best way to quote and compare insurance can save time, money, and frustration.
To save the most money, the best way to get discount auto insurance rates is to compare quotes annually from companies who can sell car insurance in Colorado Springs. You can compare rates by completing these steps.
- Spend some time learning about how companies set rates and the things you can change to keep rates low. Many rating factors that cause rate increases like multiple speeding tickets and an imperfect credit history can be amended by improving your driving habits or financial responsibility. Later in this article we will cover additional ideas to help keep rates affordable and find more discounts that you may not know about.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and State Farm, while agents who are independent can give you price quotes for a wide range of insurance providers.
- Compare the new rate quotes to the premium of your current policy to determine if you can save on Tundra insurance. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
An important part of this process is that you’ll want to make sure you compare the same coverage limits and deductibles on every price quote and and to get quotes from as many companies as you can. Doing this guarantees an apples-to-apples comparison and the best price selection.
Buy Toyota Tundra Insurance at a Discount
The best way to find cheaper insurance is to take a look at some of the factors that aid in calculating your premiums. When consumers understand what controls the rates you pay, this helps enable you to make changes that can help you get much lower annual insurance costs.
Never go without insurance – Letting your insurance expire will be a quick way to bump up your insurance costs. And not only will your rates increase, failure to provide proof of insurance may result in fines and jail time. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Colorado DMV.
Theft deterrents save – Purchasing a vehicle with advanced anti-theft systems can help lower your premiums. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
Having a spouse pays dividends – Getting married can actually save you money when shopping for insurance. Having a spouse means you’re more stable financially and it’s proven that drivers who are married file infrequent claims.
Drivers with responsible credit save – A driver’s credit history is likely to be a major factor in determining premium rates. Insureds with excellent credit tend to be better drivers and file fewer claims as compared to drivers with bad credit. If your credit score can use some improvement, you could potentially save money when insuring your Toyota Tundra by improving your credit score.
Rates and occupation – Careers like judges, business owners, and miners are shown to have higher rates than the rest of us attributed to intense work-related stress and extremely grueling work hours. Conversely, jobs such as professors, engineers and retirees have the lowest average rates.
More performance means more cost – The performance of the car you are buying insurance for makes a substantial difference in determining your rates. The most favorable rates are for small economy passenger cars, but many other things help determine your insurance rates.
The next chart assumes a single male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Toyota Tundra rates compared to other vehicles that have a range of performance rating factors.
Insurance losses for a Toyota Tundra – Insurers use past insurance losses when setting premium prices. Vehicles that statistically have a higher amount or frequency of claims will have higher rates for specific coverages.
The information below illustrates the compiled insurance loss statistics for Toyota Tundra vehicles. For each type of coverage, the loss probability for all vehicles averaged together equals 100. Numbers shown that are under 100 indicate better than average losses, while numbers shown that are more than 100 show a trend for more claims or an increased probability of a larger loss.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Tundra CrewMax 2WD | 88 | 105 | 96 | 63 | 75 | 94 |
| Toyota Tundra CrewMax 4WD | 97 | 113 | 105 | 64 | 51 | 77 |
| Toyota Tundra Double Cab 2WD | 95 | 131 | 90 | 85 | 84 | 107 |
| Toyota Tundra Double Cab 4WD | 86 | 112 | 93 | 53 | 55 | 79 |
| Toyota Tundra Double Cab LWB 4WD | 93 | 115 | 69 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The method we recommend to compare insurance rates in your area is to realize most of the larger companies participate in online systems to provide you with a free rate quote. The only thing you need to do is provide information including if a SR-22 is needed, whether you are married, what you do for a living, and the year, make and model of vehicles. The rating information is automatically sent to multiple car insurance providers and you will get price comparisons almost instantly.
If you wish to get multiple quotes for your car now, click here and complete the form.
The companies in the list below offer free quotes in Colorado. To find cheap car insurance in Colorado Springs, CO, it’s a good idea that you visit two to three different companies to get the cheapest price.
Statistics and details
The rate information shown next outlines different insurance costs for Toyota Tundra models. Being more informed about how auto insurance prices are formulated can help guide drivers when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tundra Regular Cab 2WD | $182 | $312 | $374 | $22 | $112 | $1,002 | $84 |
| Tundra SR/5 Double Cab 2WD | $208 | $380 | $374 | $22 | $112 | $1,096 | $91 |
| Tundra SR/5 Crew Max 2WD | $208 | $380 | $374 | $22 | $112 | $1,096 | $91 |
| Tundra Regular Cab 4WD | $236 | $380 | $374 | $22 | $112 | $1,124 | $94 |
| Tundra Double Cab 4WD | $236 | $380 | $374 | $22 | $112 | $1,124 | $94 |
| Tundra SR/5 Double Cab 4WD | $236 | $380 | $374 | $22 | $112 | $1,124 | $94 |
| Tundra Limited Double Cab 2WD | $236 | $448 | $374 | $22 | $112 | $1,192 | $99 |
| Tundra Limited Crew MAX 2WD | $236 | $448 | $374 | $22 | $112 | $1,192 | $99 |
| Tundra Limited Crew MAX 4WD | $262 | $448 | $374 | $22 | $112 | $1,218 | $102 |
| Tundra SR/5 Crew Max 4WD | $262 | $448 | $374 | $22 | $112 | $1,218 | $102 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in specific garaging location which can decrease or increase premiums considerably.
Policy deductibles
One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The figures shown below may help to conceptualize the differences in price when you select higher and lower coverage deductibles. The first rate comparisons uses a $250 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tundra Regular Cab 2WD | $236 | $376 | $396 | $24 | $118 | $1,175 | $98 |
| Tundra SR/5 Double Cab 2WD | $272 | $458 | $396 | $24 | $118 | $1,293 | $108 |
| Tundra SR/5 Crew Max 2WD | $272 | $458 | $396 | $24 | $118 | $1,293 | $108 |
| Tundra Regular Cab 4WD | $306 | $458 | $396 | $24 | $118 | $1,327 | $111 |
| Tundra Double Cab 4WD | $306 | $458 | $396 | $24 | $118 | $1,327 | $111 |
| Tundra SR/5 Double Cab 4WD | $306 | $458 | $396 | $24 | $118 | $1,327 | $111 |
| Tundra Limited Double Cab 2WD | $306 | $538 | $396 | $24 | $118 | $1,407 | $117 |
| Tundra Limited Crew MAX 2WD | $306 | $538 | $396 | $24 | $118 | $1,407 | $117 |
| Tundra Limited Crew MAX 4WD | $342 | $538 | $396 | $24 | $118 | $1,443 | $120 |
| Tundra SR/5 Crew Max 4WD | $342 | $538 | $396 | $24 | $118 | $1,443 | $120 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tundra Regular Cab 2WD | $146 | $236 | $396 | $24 | $118 | $920 | $77 |
| Tundra SR/5 Double Cab 2WD | $168 | $288 | $396 | $24 | $118 | $994 | $83 |
| Tundra SR/5 Crew Max 2WD | $168 | $288 | $396 | $24 | $118 | $994 | $83 |
| Tundra Regular Cab 4WD | $190 | $288 | $396 | $24 | $118 | $1,016 | $85 |
| Tundra Double Cab 4WD | $190 | $288 | $396 | $24 | $118 | $1,016 | $85 |
| Tundra SR/5 Double Cab 4WD | $190 | $288 | $396 | $24 | $118 | $1,016 | $85 |
| Tundra Limited Double Cab 2WD | $190 | $340 | $396 | $24 | $118 | $1,068 | $89 |
| Tundra Limited Crew MAX 2WD | $190 | $340 | $396 | $24 | $118 | $1,068 | $89 |
| Tundra Limited Crew MAX 4WD | $210 | $340 | $396 | $24 | $118 | $1,088 | $91 |
| Tundra SR/5 Crew Max 4WD | $210 | $340 | $396 | $24 | $118 | $1,088 | $91 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium costs do not factor in specific zip code location which can revise auto insurance rates noticeably.
Based on the figures above, using a $250 deductible will cost you about $26 more each month or $312 a year averaged for all Tundra models than quoting the higher $1,000 deductible. Because you would be required to 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 29 months between claim filings, you would save more money if you elect the higher deductible.
Violations and accidents raise rates
The chart below illustrates how speeding tickets and fender-benders can drive up Toyota Tundra insurance costs for different ages of insureds. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
Premiums by gender and age
The chart below shows the comparison of Toyota Tundra premium costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are single, and no other discounts are factored in.
Difference between liability only and full coverage rates
The information below compares Toyota Tundra annual premium costs with full physical damage coverage compared to only buying liability only. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied.
When to buy liability coverage only
There is no clear-cut formula for excluding physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s say your Toyota Tundra replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If premiums are more than $700 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Three main reasons to buy auto insurance
Despite the potentially high cost of Toyota Tundra insurance, buying auto insurance is most likely required but also gives you several important benefits.
- Most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you bought your Toyota with a loan, most lenders will require you to carry insurance to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your Toyota at a much higher premium rate and make you pay a much higher amount than you were paying before.
- Insurance protects not only your Toyota but also your financial assets. Insurance will pay for hospital and medical expenses that are the result of an accident. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If you have damage to your Toyota as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays as much as $810 a year so compare quotes from several companies at least once a year to help ensure money is not being wasted.
Colorado Springs insurance discounts for a Toyota Tundra
Car insurance is not cheap, but there could be significant discounts to help offset the cost. Some discounts apply automatically when you quote, but a few must be inquired about before being credited.
- Multiple Vehicles – Insuring multiple cars with the same company qualifies for this discount.
- College Student Discount – Any of your kids who are enrolled in a college that is more than 100 miles from Colorado Springs and won’t have access to an insured vehicle may be insured at a cheaper rate.
- Telematics Devices – Insureds who allow their company to spy on driving manner remotely such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction as long as the data is positive.
- Discount for Life Insurance – Larger insurance carriers have better rates if you take out auto and life insurance together.
- Employee of Federal Government – Being employed by or retired from a federal job may qualify for a discount when you quote Colorado Springs auto insurance with some auto insurance companies.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class as it can save substantially.
- No Claim Discounts – Good drivers with no accidents can save substantially when compared to insureds who have frequent claims or accidents.
- Driver Training Discounts – Participating in a defensive driving class can save you 5% or more and easily recoup the cost of the course.
As is typical with insurance, some credits don’t apply to all coverage premiums. Some only reduce individual premiums such as medical payments or collision. Just because it seems like all the discounts add up to a free policy, you’re out of luck. Any amount of discount should help reduce the cost of coverage.
The diagram below visualizes the comparison of Toyota Tundra yearly insurance costs with and without discounts applied to the premium. The premiums assume a male driver, no accidents or driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, multi-car, marriage, and safe-driver discounts applied.
Some companies who might offer most of the discounts above include:
Before you buy a policy, ask all companies you are considering the best way to save money. Some discounts might not be offered on policies everywhere. For a list of companies that offer some of these discounts in Colorado Springs, click this link.
Compare prices but buy from a local neighborhood Colorado Springs car insurance agent
Certain consumers prefer to buy from a local agent and that is a smart decision Most agents are trained risk managers and help submit paperwork. One of the benefits of comparing rates online is you may find cheaper rates but still work with a licensed agent.
Upon completion of this short form, your coverage information is submitted to agents in your area who will give competitive quotes for your coverage. You won’t even need to find an agent since price quotes are sent to you. If for some reason you want to get a price quote from a specific company, feel free to search and find their rate quote page and fill out the quote form the provide.
Finding the right company shouldn’t rely on just the premium amount. Get answers to these questions too.
- Can you contact them at any time?
- If your car is in the repair shop, do you have coverage for a rental car?
- Are they involved in claim handling?
- Did they already check your driving record and credit reports?
- Do they have 24-hour customer assistance?
- What are their preferred companies if they are an independent agency?
- How is replacement cost determined on your vehicle?
Independent or Exclusive: It’s your choice
When researching a reliable insurance agent, it’s important to understand the different agency structures and how they are distinctly different. Insurance agencies in Colorado Springs are either independent agents or exclusive agents. Both types of agents can properly insure your vehicles, but it is important to understand the differences since it could factor into the type of agent you choose.
Exclusive Insurance Agents
Exclusive insurance agents can only quote rates from one company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide rate quotes from other companies so it’s a take it or leave it situation. They are well schooled in insurance sales which helps overcome the inability to quote other rates.
Below is a short list of exclusive insurance agents in Colorado Springs that are able to give price quote information.
Farmers Insurance – Mark Olsen
1870 Dublin Blvd e – Colorado Springs, CO 80918 – (719) 593-9916 – View Map
Brandon Kolk – State Farm Insurance Agent
12229 Voyager Pkwy Ste 100 – Colorado Springs, CO 80921 – (719) 599-3600 – View Map
American Family Insurance – Michael Brandl Agency Inc.
1965 Dominion Way Ste 120 – Colorado Springs, CO 80918 – (719) 630-7557 – View Map
Independent Agents
These type of agents are normally appointed by many insurers so they can quote policies with multiple insurance companies and get you the best rates possible. If they find a lower price, your policy is moved internally which is easy for the insured. If you are trying to find cheaper rates, we highly recommend that you include independent agents in order to have the best price comparison.
Below are independent agents in Colorado Springs who can help you get price quote information.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 – Colorado Springs, CO 80918 – (303) 974-7676 – View Map
Benson Insurance Group, LLC
5155 N Academy, #110 – Colorado Springs, CO 80918 – (719) 622-3079 – View Map
Solid Rock Insurance Agency
2850 Serendipity Cir W #230 – Colorado Springs, CO 80917 – (719) 574-0082 – View Map
Upon receiving reasonable responses to all your questions as well as inexpensive Toyota Tundra insurance in Colorado Springs quotes, chances are good that you have found an insurance agent that is a good match to properly service your auto insurance policy. It’s important to know that you are able to cancel coverage at any point so never feel you are locked into a specific agent with no way to switch.
Tailor your insurance coverage to you
When buying insurance from an agent or online for your vehicles, there really is not a one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that.
For example, these questions could help you determine whether or not you would benefit from professional advice.
- Should I pay a claim out-of-pocket?
- What is GAP insurance?
- How much coverage applies to personal belongings?
- Can good grades get a discount?
- Are rock chip repairs covered?
- Does my insurance cover damage caused when ticketed for reckless driving?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.
A little work can save a LOT of money
Affordable Toyota Tundra insurance in Colorado Springs is attainable online as well as from insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies do not provide the ability to get quotes online and most of the time these small, regional companies work with local independent agencies.
We just showed you a lot of ways to compare Toyota Tundra insurance car insurance rates in Colorado Springs. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the lowest car insurance rates are with a smaller regional carrier. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate or State Farm.
Even more information is located at these sites:
- Insurance Losses by Make and Model (iihs.org)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a 20 Year Old Male? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in Colorado Springs? (FAQ)
- Who Has Cheap Colorado Springs Auto Insurance for a Ford Edge? (FAQ)
- Who Has Cheap Colorado Springs Car Insurance for a 20 Year Old Female? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Quotes for a Nissan Sentra? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Teen Driver Statistics (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)