Who Has the Cheapest Baltimore Auto Insurance Quotes for a Toyota Tacoma?

Toyota Tacoma insurance image courtesy of QuoteInspector.com

Buying competitive insurance for a Toyota Tacoma in Maryland is fairly easy, but it depends on a fairly complex equation with a lot of factors such as the age of the Tacoma, where you live, and driving violations and tickets. Drivers in Maryland will pay on average $1,156 each year to insure their Tacoma, but that figure is a valuation using a 50-year-old married 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 are not 50 and maybe not even a female, possibly single instead of married, or maybe you're a renter instead of a homeowner. Just a minor difference in the rating criteria used to formulate rates can make a big difference in policy price.

Auto insurance is not the same for everyone, so the way we recommend to find cheap auto insurance rates for your Toyota is to do the rate comparisons yourself. Get your free quotes now and you will get price quotes from some of the best companies that offer coverage in Maryland.

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Your vehicle's trim level tends to have a direct impact on the cost of coverage, so the price you will pay to insure a Tacoma 2WD will be $70 less than the insurance cost for the higher-priced Tacoma Double Cab TRD Sport Package 4WD version, as demonstrated by the prices below.

Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can affect coverage prices noticeably.

Picking the top auto insurance provider can be challenging considering how many companies there are in Baltimore. The company rank data below may help you pick which auto insurance companies you want to consider purchasing a policy from. The ratings below are only comprised of the largest companies in the United States, so smaller regional companies will not be included in these rankings.

Top 10 Large Car Insurance Companies in Baltimore Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Large Car Insurance Companies in Baltimore Ranked by A.M. Best Rating

1. Travelers - A++
2. USAA - A++
3. GEICO - A++
4. State Farm - A++
5. Titan Insurance - A+
6. Esurance - A+
7. Progressive - A+
8. Nationwide - A+
9. The Hartford - A+
10. Allstate - A+

Discounts on Baltimore auto insurance rates

Insurers that offer coverage for a Toyota Tacoma may have price discounts that can reduce rates by 30% or more if you meet eligibility requirements. A list of auto insurance companies and a summarized list of policyholder discounts are included below.

• AAA offers discounts for good student, anti-theft, good driver, multi-car, and pay-in-full.
• Progressive may have discounts that include homeowner, multi-policy, online signing, multi-vehicle, good student, continuous coverage, and online quote discount.
• State Farm policyholders can earn discounts including good student, good driver, student away at school, driver's education, Steer Clear safe driver discount, and passive restraint.
• Esurance may offer discounts for anti-lock brakes, online quote, multi-car, renters, and defensive driver.
• Nationwide includes discounts for Farm Bureau membership, accident-free, anti-theft, business or organization, multi-policy, and easy pay.

The example below shows the difference between auto insurance rates with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no violations or accidents, Maryland state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, anti-theft, vehicle safety, defensive driving course, passive restraint, and safe-driver discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for a Toyota Tacoma is 28% or $619.

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Baltimore auto insurance rates are determined by lots of factors that can increase the cost of a policy. Simply having a birthday, buying higher coverage limits, or getting a speeding ticket can trigger rate changes resulting in some rates now being more affordable than others.

Not only may things change on your end, but companies change the rates they charge in Maryland every year or even multiple times each year to adjust for heavy claims or excess profits. A period of increased losses may result in higher priced premiums, while lower claims can cause cheaper Tacoma insurance rates.

For instance, the graph below shows a variety of companies that have the cheapest car insurance in Baltimore, MD for a 35-year-old male driver with a clear driving record, no claims, and a high credit rating. If we estimate rates based on his current situation, USAA has the cheapest car insurance rates in Baltimore at $1,652 each year. This is $93 more than the average premium paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto are the rest of the cheapest Baltimore, MD auto insurance companies.

The example below compares rates after we give the driver in the first example an accident surcharge, slightly worse credit, and a speeding citation. Because every insurance company has their own formula for establishing rates, analyzing rates may result in a new list of affordable companies as shown below.

Nationwide now has the best insurance rate in Baltimore, MD with Travelers, MetLife, GEICO, and Liberty Mutual now rounding out the top five. This illustrates why it is critical to take the time to shop around when trying to find the best insurance quotes for a Toyota Tacoma.

Car insurance prices can be determined by many risk factors and can change without notice, so the cheapest rate the last time you compared rates may now cost much more than other companies.

The agents shown below can most likely help you determine which insurance coverage will be best for you, since lots of people like to have the advice of a professional agent when buying car insurance for a Tacoma. It can be complicated to find the best coverage on your own, and using a licensed agent can provide you satisfaction knowing you have enough protection.

To locate a Baltimore auto insurance agent near you, click the link after the list or click here to compare prices now.

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How to find economical car insurance for a Toyota Tacoma

The list below shows many money-saving ideas that can help drivers locate more affordable car insurance.

• Buy a car with high safety ratings
• Raise comprehensive and collision coverage deductibles
• Save money by observing traffic laws and speed limits
• Maintain a safe distance and avoid accidents
• Pay lower rates with good credit
• Check for cheaper rates once a year

The last tip in the list is notably significant, as we discussed in the article above. Rates in Baltimore adjust frequently, so don't be hesitant to buy from a different company if a lower price can be found.

Brand loyalty is great, but we do not recommend it if that devotion results in you overpaying thousands of dollars over several years. It takes less than five minutes to compare rates and find cheaper car insurance for a Toyota Tacoma.