Buying cheap car insurance for a Toyota Tundra in North Carolina is pretty simple, but it hinges on a lot of rating criteria such as the safety rating for your Tundra, your credit rating, and any past driving violations you may have had. North Carolina drivers pay approximately $591 per year for Tundra insurance, but that figure is calculated using a 50-year-old married male driver with full comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you may not be 50 years old (or even male), you might be single instead of married, and maybe you have sub-par credit that needs to be factored in. Everone’s needs are different, and this illustrates why the only way to find cheap insurance prices for your Toyota is to do the rate comparisons yourself. Comparing quotes is easy and you will be able to compare rates from the best auto insurance companies in North Carolina.
View Toyota Tundra Insurance Rates
The trim level of your Tundra tends to impact the cost of insurance, so the price to insure a Tundra Regular Cab 2WD will cost $98 less than the price to insure the fancier Tundra SR/5 Crew Max 4WD trim level, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Tundra Regular Cab 2WD | $80 | $142 | $270 | $16 | $80 | $588 | $49 |
| Tundra SR/5 Double Cab 2WD | $92 | $174 | $270 | $16 | $80 | $632 | $53 |
| Tundra SR/5 Crew Max 2WD | $92 | $174 | $270 | $16 | $80 | $632 | $53 |
| Tundra Regular Cab 4WD | $104 | $174 | $270 | $16 | $80 | $644 | $54 |
| Tundra Double Cab 4WD | $104 | $174 | $270 | $16 | $80 | $644 | $54 |
| Tundra SR/5 Double Cab 4WD | $104 | $174 | $270 | $16 | $80 | $644 | $54 |
| Tundra Limited Double Cab 2WD | $104 | $204 | $270 | $16 | $80 | $674 | $56 |
| Tundra Limited Crew MAX 2WD | $104 | $204 | $270 | $16 | $80 | $674 | $56 |
| Tundra Limited Crew MAX 4WD | $116 | $204 | $270 | $16 | $80 | $686 | $57 |
| Tundra SR/5 Crew Max 4WD | $116 | $204 | $270 | $16 | $80 | $686 | $57 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Prices do not factor in specific garaging location which can raise or lower coverage prices significantly.
Figuring out which company offers the most affordable insurance rates for a Toyota Tundra involves more work in order to find coverage that fits your budget. Each auto insurance company has a unique formula for determining prices, so we will examine the overall cheapest insurance companies in North Carolina.
Keep in mind that North Carolina insurance rates are determined by lots of factors that can increase the price of your policy. Simply improving your credit, buying higher coverage limits, or getting a couple of tickets can trigger rate changes that may make certain companies more affordable than competitors.
Find Cheaper Auto Insurance for Your Tundra
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $643 |
| 2 | Progressive | $658 |
| 3 | Liberty Mutual | $700 |
| 4 | NC Farm Bureau | $709 |
| 5 | GEICO | $742 |
| 6 | Penn National | $747 |
| 7 | Titan | $759 |
| 8 | State Farm | $779 |
| 9 | Auto-Owners | $870 |
| 10 | National General | $890 |
| 11 | Allied | $892 |
| 12 | Erie | $922 |
| 13 | Travelers | $936 |
| 14 | Peerless | $1,002 |
| 15 | Unitrin | $1,012 |
| 16 | Nationwide | $1,031 |
| 17 | MetLife | $1,038 |
| 18 | Encompass | $1,041 |
| 19 | Safeco | $1,076 |
| 20 | Allstate | $1,086 |
| Get a Custom Quote Go | ||
Utica National offers some of the lowest car insurance rates in Charlotte at around $643 a year. This is $229 less than the average price paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and GEICO also rank well as some of the lowest-priced Charlotte, NC auto insurance companies.
As illustrated above, if you currently have a policy with Liberty Mutual and switched to Utica National, you might achieve a yearly price reduction of about $57. Insureds with NC Farm Bureau could save as much as $66 a year, and GEICO customers might lower prices by $99 a year.
To get a fast rate comparison, click here to begin a quote or visit any of the low-priced companies below.
These policy rates are averaged for all insureds and vehicles and are not factoring in a specific zip code for a Toyota Tundra. So the car insurance company that is best suited for you may not even be in the top 20 companies in the list above. That illustrates why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
Get discounts on Charlotte car insurance
Insurers that offer cheap quotes for a Toyota Tundra could also offer policy discounts that could potentially reduce rates by 35% or more if you meet specific eligibility requirements. Larger insurance companies and a partial list of their discounts are:
- Progressive may include discounts for good student, multi-policy, continuous coverage, online signing, multi-vehicle, online quote discount, and homeowner.
- Farmers Insurance may offer discounts for teen driver, pay in full, mature driver, switch companies, bundle discounts, and business and professional.
- Farm Bureau has discounts for multi-vehicle, driver training, 55 and retired, safe driver, and good student.
- State Farm discounts include multiple policy, defensive driving training, accident-free, Steer Clear safe driver discount, good driver, and Drive Safe & Save.
- GEICO policyholders can earn discounts including driver training, military active duty, good student, multi-policy, emergency military deployment, anti-lock brakes, and membership and employees.
- SAFECO offers discounts including homeowner, accident prevention training, anti-lock brakes, bundle discounts, safe driver, and drive less.
- Liberty Mutual may have discounts that include new move discount, multi-policy, newly married, safety features, and hybrid vehicle.
The information below illustrates the comparison of car insurance rates with and without some available policy discounts. The data assumes a male driver, no accidents or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, homeowner, multiple policy, marriage, claim-free, and vehicle safety discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for a Toyota Tundra is 28% or $349.
Should you buy full coverage?
Saving money on insurance should be important to the majority of people, and a great way to pay less for insurance for a Toyota Tundra is to buy liability only. The example below shows the difference between insurance prices when comparing full coverage to liability only. The costs are based on no violations or claims, $1,000 deductibles, single status, and no discounts are applied to the premium.
If all age groups are averaged, full coverage on your policy costs $1,247 per year more than insuring for liability only. Many drivers may wonder if buying full coverage is worth the money. There is no specific rule of when to phase out physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
There are some situations where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
The importance of comparing Tundra insurance rates
Charlotte insurance rates are impacted by many things that can increase the cost of having a policy. Simply having another birthday, increasing liability limits, or getting into an accident may generate price changes resulting in some companies being much cheaper than others.
In addition, insurance companies amend pricing as needed in order to remain profitable. Heavier than normal losses can cause more expensive prices, while lower claim levels can produce more affordable Tundra insurance rates.
The chart below shows the company with the cheapest car insurance in Charlotte, NC for a 40-year-old male driver with no accidents or violations, and great credit. If we estimate prices based on his current situation, Utica National might quote the cheapest car insurance rates in Charlotte at $801 a year. This is $71 less than the average price paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, GEICO, and Penn National also make the list of the cheapest Charlotte, NC auto insurance companies.
In this example, we will give the driver from the first rate comparison a couple of claims, slightly worse credit, and a stop sign violation. Since each auto insurance company has their own unique process for determining prices, comparing prices may now result in a slightly different list of the cheapest Charlotte car insurance companies as shown below.
Titan now has the best auto insurance rate in Charlotte with State Farm, Auto-Owners, National General, and Allied also having competitive pricing. This example demonstrates why consumers need to compare many different companies when trying to get the best auto insurance rates for a Toyota Tundra.
Prices consist of many things and change dramatically, so the best option three years ago may now not even be in the top five.
The insurance agencies listed below can help you determine which is the best policy, since lots of people like to have a professional recommendation when shopping for the best coverage for a Toyota Tundra. It’s not always simple to find the best rates on your own, so a professional agent can add comfort knowing your coverage gives you suitable coverage if you ever need to use it.
To locate a Charlotte car insurance agency close to where you live, click the button at the bottom of the list.
- Brian McCaw – State Farm Insurance Agent
5950 Fairview Rd #220 – Charlotte, NC 28210 – (704) 554-0144 - State Farm: Jeremy Fulkerson
4805 Park Rd #103 – Charlotte, NC 28209 – (704) 523-9005 - Gene Haynes – State Farm Insurance Agent
8316 Medical Plaza Dr a – Charlotte, NC 28262 – (704) 549-1515 - Todd Younker – State Farm Insurance Agent
7725 Matthews-Mint Hill Road – Charlotte, NC 28227 – (704) 545-9111
View map of Charlotte, NC insurance agents
How to find cheaper auto insurance for a Toyota Tundra
The list below summarizes many penny-pinching solutions that can help drivers quote more affordable car insurance.
- At-fault accidents can raise rates significantly
- Don’t waste money on full coverage for older vehicles
- Try to not file small claims
- Bundle home and auto and save
- Buy vehicles with five-star safety ratings
- Be a safe driver
- Comparison shop at least once a year
The last item on the list is certainly valuable, as was stressed in the prior article. Prices charged by companies can change significantly in a year, so don’t be hesitant to switch carriers if a cheaper rate is available.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if that stubbornness costs you a lot of money. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for a Toyota Tundra in Charlotte.