2002 Toyota Tundra Insurance Rates

Looking for better insurance coverage rates for your Toyota Tundra? Expensive insurance coverage can overdraw your personal savings and make it hard to pay other bills. Comparing price quotes is a smart way to make sure you’re not throwing money away.

Insurance companies such as Allstate, Liberty Mutual and State Farm all promote huge savings with TV and radio ads and consumers find it hard to see through the deception and take the time to shop coverage around.

Discounts are basically free money

Car insurance companies do not list every available discount very well, so the following is a list of both the well known as well as the least known ways to save on auto insurance.

  • Anti-theft System – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Auto/Home Discount – If you have multiple policies with one insurance company you may earn 10% to 20% off each policy.
  • Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.
  • Low Mileage – Keeping the miles down on your Toyota can earn lower rates on the low mileage vehicles.
  • Sign Early and Save – Select companies give a discount for switching to them prior to your current policy expiration. It can save you around 10%.
  • Resident Student – Children who are attending college and do not have access to a covered vehicle may be able to be covered for less.

A little note about advertised discounts, some of the credits will not apply the the whole policy. Most only cut specific coverage prices like liability and collision coverage. So when the math indicates all those discounts means the company will pay you, it doesn’t quite work that way.

Insurance companies that may offer these benefits include:

Before buying, ask each company what discounts are available to you. Discounts may not be available everywhere.

Finding Auto Insurance Deals

There are several ways of comparing rate quotes from local auto insurance companies. The recommended way to find the cheapest 2002 Toyota Tundra insurance rates consists of obtaining rate quotes online. This is very easy and can be done in several different ways.

  • The best way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This method saves time by eliminating repetitive form entry to each individual auto insurance company. One simple form gets rate comparisons from multiple low-cost companies.
  • A less efficient way to get comparison quotes is to manually visit each individual company website and request a quote. For example, let’s assume you want to compare USAA, Liberty Mutual and Geico. You would have to spend time on each company’s site to input your insurance information, which is why the first method is quicker.

    For a list of links to companies insuring cars in your area, click here.

It’s up to you how you get prices quotes, just make sure you use exactly the same deductibles and coverage limits for every quote you compare. If the quotes have different deductibles you will not be able to decipher which rate is best. Slightly different insurance coverages can result in a big premium difference. And when comparison shopping, obtaining a wide range of quotes helps locate the best offered rates.

Which insurance is the “right” coverage?

When buying coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Will my rates increase for filing one claim?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered if I drive in a foreign country?
  • What companies insure drivers after a DUI or DWI?
  • What happens if I owe more than my 2002 Toyota Tundra is worth?
  • How much liability do I need to cover my assets?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Car insurance coverages explained

Having a good grasp of your car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on most car insurance policies.

Comprehensive coverages

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a broken windshield, vandalism, theft, a tree branch falling on your vehicle and damage from getting keyed. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability insurance

Liability coverage can cover damage that occurs to other’s property or people in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage protects against things like bail bonds, legal defense fees and funeral expenses. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like prosthetic devices, doctor visits and pain medications. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Collision coverage protection

Collision insurance pays for damage to your Tundra from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a building, sustaining damage from a pot hole and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Spend less. Save more.

Cheaper 2002 Toyota Tundra insurance can be purchased on the web in addition to many insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some auto insurance companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

When buying insurance coverage, make sure you don’t buy less coverage just to save a little money. There have been many cases where an insured cut physical damage coverage only to discover later that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

You just read many ways to compare insurance prices online. The key concept to understand is the more providers you compare, the better your chances of lowering your rates. Consumers could even find that the lowest rates come from some of the lesser-known companies. They often have lower prices on specific markets than the large multi-state companies such as Allstate and Progressive.

More tips and info about auto insurance can be read at these sites: