What Car Insurance is Cheapest for a Toyota Tundra in Raleigh?

Buying cheaper insurance for a Toyota Tundra in North Carolina doesn’t take a ton of time, but it is dependent upon a complicated rating formula that uses factors such as how long your commute is, whether or not you have filed claims in the past, and if you have a history of accidents. North Carolina drivers will pay on average $941 annually to insure their Tundra, but that cost is a valuation based on a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.

When estimating a car insurance rate like we just did, the issue is that you may not be 50 years old (or even female), you might be married instead of single, or maybe you rent instead of own your home. Having just a slight change in the criteria used to calculate rates may result in a big change in the price of coverage.

This shows why the only way to find cheap insurance rates for your Toyota is to just compare rates yourself.

Find Cheaper Toyota Tundra Insurance

Vehicle trim level tends to have a direct impact on the cost of insurance, so the price you pay to insure a Tundra Regular Cab 2WD will be $206 cheaper than the cost to insure the more well-appointed Tundra SR/5 Crew Max 4WD trim level, as shown by the rates below.

Toyota Tundra Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tundra Regular Cab 2WD $160 $312 $318 $18 $96 $904 $75
Tundra SR/5 Double Cab 2WD $184 $380 $318 $18 $96 $996 $83
Tundra SR/5 Crew Max 2WD $184 $380 $318 $18 $96 $996 $83
Tundra Regular Cab 4WD $208 $380 $318 $18 $96 $1,020 $85
Tundra Double Cab 4WD $208 $380 $318 $18 $96 $1,020 $85
Tundra SR/5 Double Cab 4WD $208 $380 $318 $18 $96 $1,020 $85
Tundra Limited Double Cab 2WD $208 $446 $318 $18 $96 $1,086 $91
Tundra Limited Crew MAX 2WD $208 $446 $318 $18 $96 $1,086 $91
Tundra Limited Crew MAX 4WD $232 $446 $318 $18 $96 $1,110 $93
Tundra SR/5 Crew Max 4WD $232 $446 $318 $18 $96 $1,110 $93
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific garaging location which can influence insurance rates noticeably.

Finding a highly-rated car insurance company can be a challenge considering how many choices you have in Raleigh. The ranking information listed below could help you pick which companies to look at comparing price quotes from.

The ratings below are for companies that write coverage in many states, so smaller regional companies will not be included in the list. If you would like to check rates and find cheaper insurance for a Toyota Tundra, click here.

Top Insurance Companies for a Toyota Tundra in North Carolina
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

The example below illustrates how your deductible choice can affect insurance prices when researching cheap insurance for a Toyota Tundra. The premium estimates are based on a married male driver, comp and collision included, and no discounts are factored in.

In the chart above, a 50-year-old driver could save $240 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $366 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, can cut as much as $808 each year just by choosing larger deductibles.

If you do make the decision to raise your deductibles, it’s a good idea to have plenty of discretionary funds to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Liability rates compared to full coverage

Paying less for insurance is probably important to the majority of people, and an effective way to save on the cost of insurance for a Toyota Tundra is to buy liability only. The example below compares insurance rates when comparing full coverage to liability only. The data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no policy discounts are applied.

On average, comprehensive and collision coverage on your policy costs $1,352 per year more than just insuring for liability. That is a large expense which might make you wonder if buying full coverage is a good investment. There is no written rule of when to phase out physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.

There are a few cases where dropping full coverage is not recommended. If you haven’t paid off your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Your low-price policy may be costing you money

North Carolina insurance rates are influenced by many factors which can significantly increase or decrease the policy premium. Simply having a birthday, adding a teenager to your policy, or having an accident can trigger changes in premium that may make certain companies more affordable than before.

And not only may your rating factors change, but insurance companies modify pricing as often as every three months to help ensure profitability. A period of higher than normal claims can cause additional premium costs, while profitable underwriting may produce lower-cost Tundra insurance rates.

The chart below demonstrates which company has the cheapest car insurance in Raleigh, NC for a 45-year-old male driver with a clean driving record, no accidents, and good credit. If we estimate prices based on his current risk factors, Progressive may offer the lowest car insurance rates in Raleigh at $727 a year. This is $145 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO are the rest of the cheapest Raleigh, NC auto insurance companies.

Now we will give the driver from the first example a chargeable claim, poor credit, and a blemish on his driving record. Due to the fact that each insurance company has their own formula for determining rates in each state, analyzing rate quotes may result in a new list of cheap Raleigh auto insurance companies as shown below.

Titan now has the lowest car insurance rate in Raleigh, NC with State Farm, Auto-Owners, National General, and Travelers also being competitive. This example illustrates why it is crucial to compare as many rates as possible to find cheap car insurance rates for a Toyota Tundra.

Prices are impacted by many risk factors and can change without notice, so the cheapest option when you last compared rates may now not even be in the top five.

How to find more affordable insurance for a Toyota Tundra

Here are some of the recommended thrifty solutions that can help you find cheaper auto insurance.

That last idea is extremely critical, as we stressed in this piece. Prices charged by auto insurers can change considerably based on profitability, so don’t be afraid to switch to a new company if a lower price can be found.

Having brand loyalty is commendable, but it’s not a great idea if that loyalty ends up costing thousands of dollars over several years. It only takes a couple minutes to compare prices and find cheaper car insurance for a Toyota Tundra in Raleigh.

If you like to get some help when shopping for cheaper insurance for a Toyota Tundra, the agents shown below can probably help you determine which coverage meets your needs best.

To locate a Raleigh auto insurance agent near you, click the button following the list or click here to compare price quotes.

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