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Key Takeaways

  • Adding more safety features can decrease your Toyota insurance premiums.
  • Drivers who lease or finance a car can consider the Toyota Gap insurance. However, take the quotes from other insurers if you’re looking for cheaper Gap insurance.

The History of Toyota

Toyota Motor Corporation was started by Kiichiro Toyoda and incorporated in 1937. It has its headquarters in Toyota City, Aichi, Japan. Having an annual production rate of nearly 10 million cars, it is one of the biggest carmakers globally.

Daihatsu, Hino, Lexus, Ranz, and Toyota are among the five distinct brands under which Toyota manufactures cars. The RAV4 compact SUV, Tacoma midsize pickup, and Camry are some of Toyota’s most well-known models in the US. Toyota cars are not only dependable and safe, but they tend to be reasonable to insure. But regardless of whether you presently drive a Toyota or are looking to buy one, it’s always a good idea to be mindful of your potential auto insurance costs.

The insurance premiums you pay vary based on your model and other factors. So, getting multiple Toyota insurance quotes from various insurers is vital before deciding on one. In that way, you can find cheap car insurance for your car. So, how much does a Toyota insurance cost? Continue reading our review to know more about the auto insurance costs of various Toyota models.

How much does Toyota insurance cost?

It will cost you around $1,667 annually to insure your Toyota car. But be mindful that the Toyota insurance premium may vary depending on the make and model of your car as well as other elements like your location and accident history.

The auto insurance rates can differ as some insurers find some models to be riskier to insure than others. For example, insuring a sports car will cost you a higher premium because insurers believe you may engage in reckless driving often. On the other side, cars with more safety features will cost less to insure as they tend to reduce the possibility of fatal collisions.

Factors affecting insurance rates

Price of components: Toyotas have less expensive parts than their rivals, which may help keep the insurance costs low. Cheaper parts mean less expensive repairs, which helps the insurer payout lower claims.

Safety features: Most Toyota cars feature a variety of safety features. Notably, the ‘pre-collision system’ in Toyota’s cars employs lasers to find objects in front of the car. Then, the car will advise the driver to brake or automatically brake if necessary.

Car insurance for Toyota: By model

Although individual driver-specific circumstances will affect actual vehicle insurance costs, the following rates may be helpful for comparison. Typically, it is best to get quotes from multiple insurers and buy the affordable one.

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Car insurance for Toyota Corolla

Your Toyota Corolla insurance prices may vary as there are a variety of trim packages. In addition, your car might have lane stability alerts, pedestrian recognition, and a pre-collision system, which could qualify you for premium savings for safe cars. Toyota Corolla insurance costs you an average annual premium of $1,707.

Toyota Corolla car insurance Average Annual Premium
Minimum coverage $543
Full coverage $1,707

Car insurance for Toyota RAV4

The Toyota RAV4 is available in various trim levels, including a hybrid all-wheel-drive model. Toyota car insurance for RAV4 rate will vary depending on your driving history and the make and model of your vehicle.

Toyota RAV4 car insurance Average Annual Premium
Minimum coverage $513
Full coverage $1,522

Car insurance for Toyota Highlander

Toyota Highlanders have slightly lower average auto insurance rates than the national average. You can also get Toyota Highlanders with many safety features to reduce the premiums.

Toyota Highlander insurance Average Annual Premium
Minimum coverage $510
Full coverage $1,523

Car insurance for Toyota Prius

The Toyota Prius only comes in a hybrid version. Still, it offers a variety of trim options, so you may customize it to suit your needs and preferences. In addition, some insurers provide reductions if you choose the hybrid option when you purchase a Toyota as hybrid vehicles become more prevalent. However, be aware that hybrid cars are now more expensive to insure than standard cars.

Toyota Prius insurance Average Annual Premium
Minimum coverage $508
Full coverage $1,741

Car insurance for Toyota Tacoma

The Toyota Tacoma has three trims but doesn’t feature a hybrid variant. However, you can still find excellent vehicle insurance rates, despite this.

Toyota Tacoma insurance Average Annual Premium
Minimum coverage $508
Full coverage $1,551

Car insurance for Toyota Tundra

Toyota also sells the Tundra, another car with three trims but no hybrid model. Anti-lock brakes and traction control are standard safety features on the Tundra. They could help you lower your insurance premiums. Full coverage Toyota insurance for your Tundra will probably only cost a little more than the national average, even without discounts.

Toyota Tundra insurance Average Annual Premium
Minimum coverage $520
Full coverage $1,728

Car insurance for Toyota Sienna

The Toyota Sienna minivan is available in various trim levels, all hybrid cars, for drivers requiring a bigger vehicle. Insurance for hybrid cars is normally a little more expensive than for standard cars. However, the cost of Toyota Sienna insurance is still quite low compared to full and minimal coverage national averages.

Toyota Tundra insurance Average Annual Premium
Minimum coverage $486
Full coverage $1,699

Cheapest car insurance companies for Toyota cars

Always keep in mind that each driver will have a different insurance cost. Amica, Erie, and State Farm are the insurers that provide the most affordable Toyota insurance. Customers can create an online quote from any companies below to determine how much they would pay for Toyota car insurance.

Insurer Corolla RAV4 Highlander Prius Tacoma Sienna
Amica $1,416 $1,197 $1,179 $1,377 $1,237 $1,315
Erie $1,263 $1,241 $1,153 $1,328 $1,386 $1,259
State Farm $1,312 $1,370 $1,396 $1,466 $1,386 $1,627
USAA $1,064 $1,112 $1,149 $1,210 $1,098 $1,336

Minimum coverage vs. Full-coverage for your Toyota

Your choice of coverage will affect how much it will cost for your Toyota insurance. Before driving, you must comply with the minimum coverage standards set forth by each state.

Minimum coverage includes

Coverage type Protection you get
Bodily injury liability (each accident and person) It covers the expenses incurred due to the damage you have caused to others.
Property damage liability (each accident) It covers the expenses acquired due to any harm you cause to another person’s property or vehicle.
Underinsured/uninsured protection (each accident and person) It applies if you are not at fault in an accident, but the at-fault driver does not have liability insurance to cover your injuries or property damage.

Some states also mandate personal injury protection (PIP). It is helpful if you reside in a no-fault state and must cover your medical expenses. Even though these are the minimum coverages, buying more for your Toyota insurance is always a good idea.

You might need to buy full-coverage insurance if your Toyota is financed or leased. Suppose you can’t afford to buy a new car in the event of a total loss. In that case, you should also think about full-coverage insurance.

Full-coverage includes

Coverage type Protection you get
Comprehensive coverage It offers coverage for the expense of damages caused by incidents other than collisions, such as weather conditions, theft, or vandalism.
Collision coverage It covers the expenses incurred in collisions with other objects or vehicles.

Toyota features that impact insurance costs

The features in your car can have a big impact on insurance costs, in addition to factors like ZIP codes and driving records. For instance, the following Toyota features could increase or decrease your premium.

  • Pre-collision system (PCS): Toyotas with a PCS can warn drivers when they detect an obstacle in front of the car and automatically apply the brakes to prevent a collision.
  • Blind spot alert: Many Toyota cars come with Blind Zone Monitoring. It warns the driver via side mirrors when another car enters their blind spot.
  • Stability control: This system ensures that the car stays on the specified course. The car might slow down if the driver’s hands slip off the steering wheel.
  • Pedestrian detector: Toyota cars with this feature can identify pedestrians in front of the car and warn the driver to use the brakes. The car may automatically brake if the driver doesn’t brake the car.

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Toyota lease insurance

Drivers who lease a car from a Toyota dealership must obtain physical damage insurance with a $1,000 maximum deductible in addition to the minimum liability coverage mandated by your state. The comprehensive and collision coverage options can be used as physical damage insurance.

If you’re leasing or financing a Toyota car, you can consider the GAP (Guaranteed Auto Protection) insurance. Your primary Toyota insurance policy may offer a payout less than what you owe for the car. However, be aware that you may be able to get GAP insurance from a standard insurer for less money.

Other car insurance coverage for a Toyota

Consider buying higher liability limits than the minimum coverage mandated by your state if you’re buying a new Toyota or have one that still has some worth.

For example, suppose your auto insurance doesn’t provide adequate protection to cover the other driver’s injuries or property damage. In that case, you could be held legally liable in many states.

Collision coverage will pay to repair or replace your Toyota if you are at fault in a covered accident. Think about a deductible you might reasonably afford to pay in the event of an accident.

For example, GAP insurance might cover the difference to your lender if your automobile is totaled and the book value is less than your loan or lease balance.

You may also like to get roadside assistance if you drive in more rural ZIP codes. Having coverage for emergency roadside assistance can be comforting if your Toyota breaks down, you run out of gas, or you lock your keys inside the car.

How to get Toyota Insurance with Way.com

While our information can help you where to find a Toyota insurance provider, comparing personalized quotes with Way.com will give you the most accurate estimate.

You can compare premiums side by side rather than gathering estimates from each insurer’s website. Finding the best deal is easy using this quick, cost-free method, which takes a few minutes.

It may take effort to locate reliable insurers to get Toyota car insurance rates. But we can help you by giving you a list of local businesses that can provide affordable prices based on customizable options. Visit our vehicle insurance quote page to get started.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQ

Is a Toyota Corolla expensive to insure?

Insuring a Toyota Corolla isn’t that expensive. The insurance cost will vary depending on the driver. For full coverage, a Toyota Corolla’s annual insurance cost is $1,707; for minimum coverage, it’s $543. Of course, you might spend more or less than the average annual rate for Toyota insurance, depending on your age, credit score, ZIP code, and other considerations.

What is the cheapest insurance company for Toyota car insurance?

No one company provides the cheapest Toyota insurance. However, based on our research, USAA and Erie are the two insurers that provide affordable insurance quotes for all Toyota models.

How can I save money on my Toyota car insurance policy?

You can save money on Toyota car insurance in various ways. First, ensure that you’re utilizing all your insurer’s discounts.

For example, many insurers provide discounts for completing a defensive driving course, paying your premium in full, bundling your insurance policies, and maintaining excellent academic standing.

You can also save money on Toyota insurance by comparing insurance quotes from various insurers, avoiding collisions and traffic violations, and bettering your credit score.

How much does it cost to insure a Toyota?

On average, it will cost you around $1,667 yearly to insure a Toyota car. But be aware that the insurance premiums differ depending on your car’s make and model and other factors like your location and accident history.

How much does it cost to insure a 2022 Toyota Corolla?

For full coverage, it will cost you around $1,707. The yearly rate for minimum coverage comes to around $543.

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