A torque limiting tolerance ring that is configured to be installed between an inner component and an outer component is disclosed. The torque limiting tolerance ring can include a generally cylindrical body that can have a sidewall. The sidewall can include an unformed section and a plurality of projections can extend from the unformed section of the sidewall. The projections can be configured to engage the inner component or the outer component. During use, the torque limiting tolerance ring can move from an engaged configuration, in which the inner component is statically coupled to the outer component, to a disengaged configuration, in which the inner component is disengaged from the outer component.