If you’re looking for cheaper insurance, do you get overwhelmed by the dozens of insurance providers that you can choose from? You’re not alone. North Carolina consumers have so many choices that it can be a real hassle to lower your prices for Toyota Tundra insurance in Durham. Everyone knows that Durham is the perfect city to reside in, but the high premiums for insurance can make it nearly impossible to pay for enough insurance coverage.
Steps to buying affordable Toyota Tundra insurance in Durham
If saving the most money is your goal, then the best way to find better pricing on auto insurance rates in Durham is to compare quotes annually from companies that sell auto insurance in North Carolina.
- Read about what is in your policy and the modifications you can make to lower rates. Many risk factors that drive up the price such as tickets, at-fault accidents, and your credit history can be amended by making minor changes in your lifestyle. Read the full article for more details to help prevent costly coverage and get discounts that may be available to you.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like GEICO or State Farm, while agents who are independent can give you price quotes for many different companies.
- Compare the new rates to the premium of your current policy to see if you can save by switching companies. If you find a better price and make a switch, ensure there is no coverage lapse between policies.
- Notify your company or agent to cancel the current policy. Submit a down payment and signed policy application to your new carrier. Immediately upon receiving it, place the new proof of insurance paperwork in an accessible location in your vehicle.
A good tip to remember is to use identical coverages on every quote request and and to get quotes from every company you can. Doing this guarantees an apples-to-apples comparison and maximum price selection.
A recent NerdWallet.com study revealed that most consumers renewed their policy with the same company for a minimum of four years, and approximately 40% of consumers have never compared rates to find affordable insurance. Most drivers in Durham could save roughly 10% every year just by getting comparison quotes, but they don’t believe the large savings they would see if they switched to a more affordable policy.
You should make it a habit to do price comparisons at least once a year because rates trend upward over time. Even if you think you had the best premium rates on Toyota Tundra insurance in Durham six months ago a different company probably has better prices today. Forget anything you know (or think you know) about insurance because you’re about to find out the fastest way to find better coverage on Toyota Tundra insurance in Durham at a better price.
First Step: Get free Toyota Tundra insurance quotes
Most companies such as Progressive, GEICO, Allstate and State Farm make it easy to get coverage price quotes on their websites. Getting quotes for Toyota Tundra insurance in Durham is pretty painless as all you need to do is type in the coverages you want into a form. Once you submit the form, their rating system requests your driving and credit reports and gives you a price quote based on the data you entered.
This simplifies rate comparisons, and it’s also necessary to get many rate quotes if you want to find the most affordable possible premiums on auto insurance.
To compare pricing, take a look at the companies shown below. To compare your current rates, we recommend you duplicate the limits and deductibles identical to your current policy. Doing this assures you’re receiving a price comparison using the exact same coverages.
The providers in the list below offer price quotes in North Carolina. To find the best cheap auto insurance in Durham, it’s highly recommended you visit two to three different companies to get the most affordable price.
Auto insurance policy discounts for Toyota Tundra insurance in Durham
Auto insurance is easily one of your largest bills, but you can get discounts that many consumers don’t even know exist. Certain credits will be shown when you complete an application, but once in a while a discount must be requested specifically prior to getting the savings. If you’re not getting every credit possible, you are throwing money away.
- Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can get savings as much as 30%.
- Resident Student – Youth drivers who are attending college and don’t have a car may be insured at a cheaper rate.
- Multi-car Discount – Buying insurance for multiple cars with one company may reduce the rate for each vehicle.
- Auto/Life Discount – Companies who offer life insurance give lower rates if you buy some life insurance in addition to your auto policy.
- Buy New and Save – Putting insurance coverage on a new Tundra can cost up to 25% less since new model year vehicles have better safety ratings.
- Professional Organizations – Being a member of qualifying employment or professional organizations can get you a small discount on auto insurance.
Policy discounts save money, but most credits do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it appears all those discounts means the company will pay you, that’s just not realistic.
The diagram below illustrates the comparison of Toyota Tundra insurance costs with and without discounts applied to the policy rates. The premiums assume a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, claim-free, homeowner, and safe-driver discounts applied.
Car insurance companies that may offer quotes with most of the discounts above may include but are not limited to:
When quoting, ask every prospective company to apply every possible discount. Some discounts might not be offered in Durham. To locate auto insurance companies with the best Toyota Tundra insurance discounts in Durham, click here.
Rates and statistics
The coverage information displayed next covers estimates of insurance prices for Toyota Tundra models. Having knowledge of how policy premiums are figured can help customers make informed decisions when comparing rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$114||$206||$380||$22||$114||$836||$70|
|Tundra SR/5 Double Cab 2WD||$132||$250||$380||$22||$114||$898||$75|
|Tundra SR/5 Crew Max 2WD||$132||$250||$380||$22||$114||$898||$75|
|Tundra Regular Cab 4WD||$148||$250||$380||$22||$114||$914||$76|
|Tundra Double Cab 4WD||$148||$250||$380||$22||$114||$914||$76|
|Tundra SR/5 Double Cab 4WD||$148||$250||$380||$22||$114||$914||$76|
|Tundra Limited Double Cab 2WD||$148||$296||$380||$22||$114||$960||$80|
|Tundra Limited Crew MAX 2WD||$148||$296||$380||$22||$114||$960||$80|
|Tundra Limited Crew MAX 4WD||$166||$296||$380||$22||$114||$978||$82|
|Tundra SR/5 Crew Max 4WD||$166||$296||$380||$22||$114||$978||$82|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can increase or decrease premiums considerably.
An analysis of deductible level
A question often asked by Durham drivers is which deductible level should you buy. The comparisons below help summarize the price difference between low and high deductibles. The first data table uses a $250 physical damage coverage deductible and the second rate chart uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$168||$266||$282||$16||$84||$841||$70|
|Tundra SR/5 Double Cab 2WD||$192||$324||$282||$16||$84||$923||$77|
|Tundra SR/5 Crew Max 2WD||$192||$324||$282||$16||$84||$923||$77|
|Tundra Regular Cab 4WD||$218||$324||$282||$16||$84||$949||$79|
|Tundra Double Cab 4WD||$218||$324||$282||$16||$84||$949||$79|
|Tundra SR/5 Double Cab 4WD||$218||$324||$282||$16||$84||$949||$79|
|Tundra Limited Double Cab 2WD||$218||$382||$282||$16||$84||$1,007||$84|
|Tundra Limited Crew MAX 2WD||$218||$382||$282||$16||$84||$1,007||$84|
|Tundra Limited Crew MAX 4WD||$242||$382||$282||$16||$84||$1,031||$86|
|Tundra SR/5 Crew Max 4WD||$242||$382||$282||$16||$84||$1,031||$86|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$136||$214||$282||$16||$84||$732||$61|
|Tundra SR/5 Double Cab 2WD||$156||$262||$282||$16||$84||$800||$67|
|Tundra SR/5 Crew Max 2WD||$156||$262||$282||$16||$84||$800||$67|
|Tundra Regular Cab 4WD||$176||$262||$282||$16||$84||$820||$68|
|Tundra Double Cab 4WD||$176||$262||$282||$16||$84||$820||$68|
|Tundra SR/5 Double Cab 4WD||$176||$262||$282||$16||$84||$820||$68|
|Tundra Limited Double Cab 2WD||$176||$308||$282||$16||$84||$866||$72|
|Tundra Limited Crew MAX 2WD||$176||$308||$282||$16||$84||$866||$72|
|Tundra Limited Crew MAX 4WD||$196||$308||$282||$16||$84||$886||$74|
|Tundra SR/5 Crew Max 4WD||$196||$308||$282||$16||$84||$886||$74|
|Get Your Own Custom Quote Go|
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in vehicle garaging location which can revise price quotes noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $11 more each month or $132 each year averaged for all Tundra models than choosing the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you go more than 23 months between claim filings, you would save more money if you choose a higher deductible.
The illustration below shows how different deductible levels and can increase or decrease Toyota Tundra annual premium costs for different categories of driver ages. The costs are based on a single male driver, full physical damage coverage, and no discounts are factored in.
Should you buy full coverage?
The illustration below visualizes the comparison of Toyota Tundra premium costs with and without physical damage coverage. The data is based on no violations or claims, $500 deductibles, drivers are not married, and no policy discounts are applied.
When to stop paying for full coverage
There is no definitive guideline of when to exclude full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s assume your Toyota Tundra claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $8,000 after paying your policy deductible. If you are paying more than $800 annually for full coverage, then it might be time to consider dropping full coverage.
There are some scenarios where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
Compare rates but buy from a local neighborhood Durham car insurance agent
A small number of people just prefer to get advice from a local agent and that is not a bad decision One of the benefits of comparing insurance prices online is that drivers can save money and get cheap car insurance rates and still buy from a local agent.
To make it easy to find an agent, after completing this quick form, your information is immediately sent to agents in your area who will give you bids for your car insurance coverage. There is no reason to do any legwork since rate quotes are delivered immediately to you. It’s the lowest rates AND a local agent. If you wish to get a price quote from a specific company, you can always jump over to their website and fill out the quote form the provide.
Deciding on an insurance company requires more thought than just a low price. Here are some questions you might want to ask.
- Is there any savings for paying the full premium?
- Are all drivers listed on the coverage quote?
- Do they feel the quoted coverages are adequate?
- If your car is totaled, how to they determine the replacement cost?
- Is working in the agency their full-time job?
- What discounts might you be missing?
- Do they regularly work with personal auto policies in Durham?
- Do they review policy coverages at every renewal?
When searching for a reliable agent, there are two types of agencies and how they work. Agencies in Durham may be either exclusive or independent agents depending on their company appointments.
Agents that choose to be exclusive can only provide pricing for a single company such as Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to provide prices from multiple companies so you might not find the best rates. They receive extensive training on the products they sell which helps them compete with independent agents. Many people use the same exclusive agent mainly due to the prominence of the brand rather than having the cheapest rates.
Shown below is a list of exclusive agents in Durham who can help you get price quote information.
- Allstate Insurance Agent: Tae Kim
4837 Hwy Nc 55 10B – Durham, NC 27713 – (919) 560-9000 – View Map
- Debbie Leonard – State Farm Insurance Agent
3702 Hillsborough Rd #2b – Durham, NC 27705 – (919) 383-3887 – View Map
- Nationwide Insurance: Sizsiz L Wong
105 W North Carolina 54 Ste 279 – Durham, NC 27713 – (919) 544-7000 – View Map
Independent Car Insurance Agents
These agents can sell policies from many different companies so they can insure your vehicles with multiple insurance companies and find you the best rates. If you want to switch companies, the business is moved internally and you stay with the same agent. When comparing rates, we highly recommend that you compare prices from at least one independent agent for maximum quote selection. Many can place coverage with small regional insurance companies that may provide cheaper car insurance rates.
Shown below are Durham independent insurance agents who can help you get price quote information.
- Mike Embree Insurance Agency
3813 University Dr – Durham, NC 27707 – (919) 489-7336 – View Map
- Superior Insurance Durham North
3808 Guess Rd Suite J – Durham, NC 27705 – (919) 973-1507 – View Map
- The Sorgi Insurance Agency
16 Consultant Pl Suite 102 – Durham, NC 27707 – (919) 682-4814 – View Map
Insurance is unique, just like you
When quoting and comparing adequate coverage for your vehicles, there is no one-size-fits-all type of policy. Everyone’s situation is unique and your policy should reflect that.
For example, these questions may help you determine whether you could use an agent’s help.
- Which companies are cheaper for teen drivers?
- Do I need motorclub coverage?
- Can my teen driver be rated on a liability-only vehicle?
- Can I cancel at any time?
- Are my custom wheels covered?
- Are rock chip repairs covered?
- When should I drop full coverage on my Toyota Tundra?
- Will I be non-renewed for getting a DUI or other conviction?
If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area.
Find More Affordable Auto Insurance with These Tips
Many factors are taken into consideration when quoting car insurance. Some of the criteria are obvious like your driving record, although others are not as apparent like your vehicle usage or your commute time.
Shown below are some of the factors utilized by car insurance companies to help set prices.
- File insurance claims and pay more – Insurance companies in North Carolina give cheaper rates to drivers who are not frequent claim filers. If you are the type of insured that files lots of claims you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is meant to be used in the event of more catastrophic claims.
- Incidental coverages push up prices – Insurance companies have many additional extra coverages that you can get tricked into buying but may not be useful. Things like coverage for rental cars, better glass coverage, and extra life insurance coverage may be costing you every month. They may seem good initially, but now you might not need them so remove them and pocket the money.
- Infrequent drivers can save – Driving more miles each year the more you’ll pay to insure it. Almost all companies charge rates based on how the vehicle is used. Autos used primarily for pleasure use receive better premium rates than those used for commuting. An improperly rated Tundra may be costing you. It’s a good idea to make sure your auto insurance policy reflects the correct usage for each vehicle, because improper ratings can cost you money.
Driving citations drive up premiums – Having a clean driving record has a big impact on rates. Careful drivers have lower premiums than bad drivers. Getting just one chargeable violation may cause rates to rise by as much as twenty percent. Drivers unfortunate enough to have license-revoking violations such as hit and run, DWI or reckless driving convictions may be required to complete a SR-22 with their state’s licensing department in order to prevent a license revocation.
The diagram below shows how violations and fender-benders can influence Toyota Tundra insurance costs for different ages of insureds. The rates are based on a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.
- Rural vs Urban Areas – Living in less populated areas is a positive aspect when trying to find low car insurance rates. Lower population means reduced accidents. People who live in big cities have more aggressive driving styles and a longer drive to work. Higher commute times can result in more accidents.
- Theft deterrents lower rates – Owning a car with anti-theft technology or alarm system can save you some money. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent vehicle theft.
Toyota Tundra insurance loss data – Auto insurance companies factor in insurance loss information in order to profitably underwrite each model. Models that tend to have a trend towards higher claim severity or frequency will cost more for specific coverages.
The next table shows the historical loss data for Toyota Tundra vehicles. For each type of coverage, the claim amount for all vehicles as a whole is represented as 100. Numbers shown that are under 100 suggest a positive loss record, while values over 100 indicate higher probability of having a loss or a tendency for losses to be larger than average.
Auto Insurance Loss Data for Toyota Tundra Models Specific Toyota 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 69BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Protect your vehicle and other assets
Despite the potentially high cost of Toyota Tundra insurance, insurance serves several important purposes.
- The majority of states have minimum liability requirements which means state laws require a specific level of liability insurance if you don’t want to risk a ticket. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, most banks will require you to have full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank may insure your Toyota at an extremely high rate and force you to reimburse them the higher price.
- Car insurance preserves your car and your assets. It will also provide coverage for medical bills that are the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if someone files suit against you as the result of an accident. If your Toyota gets damaged, comprehensive and collision coverage will cover the repair costs.
The benefits of having insurance more than cancel out the cost, especially when you need to use it. As of last year, the average driver in North Carolina is wasting up to $700 annually so compare rate quotes each time the policy renews to make sure the price is not too high.
Quote more to save more
You just read some good ideas how you can shop for Toyota Tundra insurance online. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even be surprised to find that the best prices are with a company that doesn’t do a lot of advertising. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Progressive and GEICO.
Some companies do not provide online price quotes and many times these regional carriers work with independent agents. Lower-priced car insurance in Durham can be sourced both online and also from your neighborhood Durham agents, and you need to comparison shop both in order to have the best chance of saving money.
Steps to finding low-cost rates for Toyota Tundra insurance in Durham
If saving money is your primary concern, then the best way to find cheaper prices for Toyota Tundra insurance is to make a habit of regularly comparing prices from insurance carriers that sell auto insurance in Durham. Prices can be compared by following these steps.
- Try to learn a little about coverages and the things you can control to prevent rate increases. Many rating criteria that result in higher prices like speeding tickets, accidents and a not-so-good credit history can be improved by making minor driving habit or lifestyle changes.
- Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO or Allstate, while agents who are independent can quote prices for many different companies. Start a quote
- Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you can save money and make a switch, ensure there is no coverage lapse between policies.
- Provide written notification to your current company of your decision to cancel your current auto insurance policy and submit the signed application along with the required initial payment for the new coverage. As soon as you receive it, place your new certificate verifying coverage with your registration paperwork.
A valuable tip to remember is that you’ll want to make sure you compare the same coverage limits and deductibles on every price quote and and to analyze as many car insurance companies as possible. This guarantees an apples-to-apples comparison and a complete rate analysis.
Additional information is located below:
- Tread Depth and Tire Safety (State Farm)
- Who Has Cheap Auto Insurance for Good Students in Durham? (FAQ)
- How Much are Durham Car Insurance Quotes for Ride Shares? (FAQ)
- How Much are Auto Insurance Rates for 19 Year Olds in Durham? (FAQ)
- Who Has Cheap Car Insurance Quotes for Welfare Recipients in Durham? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Toyota Tacoma in Durham? (FAQ)
- How Much is Auto Insurance for Postal Workers in Durham? (FAQ)
- Determining Auto Insurance Rates (GEICO)
- Avoiding Deer Collisions (Insurance Information Institute)