If you’re in the market for a new vehicle, you must factor the cost of car insurance into your car budget. Interested in how much car insurance for a Toyota costs? Here’s what you need to know.
- The annual average nationwide cost of full coverage car insurance for Toyota is $2,071 per year.
- The Corolla Cross is the cheapest Toyota model to insure.
- Advanced safety features that come standard on Toyota models help lower your insurance costs.
Average cost of car insurance for a Toyota, by company
Car insurance premiums can differ significantly based on the make of the vehicle. For instance, car insurance rates vary from one insurance company to another because each company uses its formula to calculate risk and estimate the likelihood of a claim being filed, considering factors such as your driving record, location, age and the type of vehicle you drive.
See how car insurance rates for Toyota vehicles compare among different insurers in the table below.
Cost to insure a Toyota, by company
| Company | Average Annual Rates | Average Monthly Rates |
|---|---|---|
| State Farm | $1,457 | $121 |
| Geico | $1,773 | $148 |
| Nationwide | $1,813 | $151 |
| Progressive | $1,935 | $161 |
| Farmers | $2,592 | $216 |
| Allstate | $2,952 | $246 |
Toyota average insurance rates, by model
Toyota Corolla Cross car insurance cost
The average car insurance premium (per month) for Toyota Corolla Cross is $145, which translates to $1,743 per year. The most affordable company for a Toyota Corolla Cross is State Farm with a rate of $106 monthly or $1,273 per year.
Toyota RAV4 car insurance cost
The average car insurance premium (per month) for Toyota RAV4 is $154, which translates to $1,852 per year. The most affordable company for a Toyota RAV4 is State Farm with a rate of $113 monthly or $1,357 per year.
Toyota Highlander car insurance cost
The average car insurance premium (per month) for Toyota Highlander is $159, which translates to $1,904 per year. The most affordable company for a Toyota Highlander is Geico with a rate of $110 monthly or $1,325 per year.
Toyota Tacoma car insurance cost
The average car insurance premium (per month) for Toyota Tacoma is $160, which translates to $1,917 per year. The most affordable company for a Toyota Tacoma is State Farm with a rate of $111 monthly or $1,337 per year.
Toyota Corolla car insurance cost
The average car insurance premium (per month) for Toyota Corolla is $172, which translates to $2,061 per year. The most affordable company for a Toyota Corolla is State Farm with a rate of $114 monthly or $1,373 per year.
Toyota Camry car insurance cost
The average car insurance premium (per month) for Toyota Camry is $173, which translates to $2,080 per year. The most affordable company for a Toyota Camry is State Farm with a rate of $127 monthly or $1,530 per year.
Insurance Rates by Car Model
The average cost of car insurance for a Toyota, by age
Toyota car insurance costs will vary depending on your age. When it comes to car insurance, young drivers typically pay much higher rates for coverage than drivers with more experience under their belts.
According to the Insurance Information Institute, young drivers made up only 5.1% of all licensed drivers in 2020 but accounted for 8.5% of all drivers involved in fatal crashes. Statistics clearly show that young drivers are involved in more accidents which result in claims. Teens also engage in more reckless behavior behind the wheel than older drivers, and that additional risk pushes up the cost of insurance.
The cost of car insurance starts to drop as drivers gain more experience and stays pretty level, assuming no tickets, claims or accidents until the age of 60 when rates start to rise.
In the tables below, see how much it costs to insure a Toyota by the driver’s age.
Cost to insure a Toyota, by model, for 18-year-olds
| Make Model | Average Annual Rates | Average Monthly Rates |
|---|---|---|
| Toyota 4Runner | $7,134 | $595 |
| Toyota bZ4X | $9,019 | $752 |
| Toyota Camry | $7,791 | $649 |
| Toyota Camry Hybrid | $8,022 | $668 |
| Toyota Corolla | $6,534 | $545 |
| Toyota Corolla | $7,863 | $655 |
| Toyota Corolla Hatchback | $7,839 | $653 |
| Toyota Corolla Hybrid | $8,027 | $669 |
| Toyota Crown | $9,674 | $806 |
| Toyota GR Corolla Circuit | $11,699 | $975 |
| Toyota GR Corolla Core | $9,409 | $784 |
| Toyota GR Supra | $9,873 | $823 |
| Toyota GR Supra | $10,564 | $880 |
| Toyota GR86 | $10,640 | $887 |
| Toyota GR86 | $11,807 | $984 |
| Toyota Highlander | $7,110 | $592 |
| Toyota Highlander Hybrid | $7,671 | $639 |
| Toyota Prius | $7,968 | $664 |
| Toyota RAV4 | $6,894 | $575 |
| Toyota RAV4 Hybrid | $7,123 | $594 |
| Toyota RAV4 Prime | $7,436 | $620 |
| Toyota Sequoia | $9,377 | $781 |
| Toyota Sienna | $7,267 | $606 |
| Toyota Tacoma | $7,182 | $599 |
| Toyota Tundra | $7,459 | $622 |
| Toyota Tundra Capstone | $10,570 | $881 |
| Toyota Tundra Hybrid | $8,792 | $733 |
| Toyota Venza | $7,005 | $584 |
Cost to insure a Toyota, by model, for 40-year-olds
| Make Model | Average Annual Rates | Average Monthly Rates |
|---|---|---|
| Toyota 4Runner | $1,922 | $160 |
| Toyota bZ4X | $2,452 | $204 |
| Toyota Camry | $2,080 | $173 |
| Toyota Camry Hybrid | $2,120 | $177 |
| Toyota Corolla | $1,743 | $145 |
| Toyota Corolla | $2,061 | $172 |
| Toyota Corolla Hatchback | $2,061 | $172 |
| Toyota Corolla Hybrid | $2,110 | $176 |
| Toyota Crown | $2,638 | $220 |
| Toyota GR Corolla Circuit | $3,182 | $265 |
| Toyota GR Corolla Core | $2,508 | $209 |
| Toyota GR Supra | $2,548 | $212 |
| Toyota GR Supra | $2,744 | $229 |
| Toyota GR86 | $2,788 | $232 |
| Toyota GR86 | $3,156 | $263 |
| Toyota Highlander | $1,904 | $159 |
| Toyota Highlander Hybrid | $2,050 | $171 |
| Toyota Prius | $2,113 | $176 |
| Toyota RAV4 | $1,852 | $154 |
| Toyota RAV4 Hybrid | $1,916 | $160 |
| Toyota RAV4 Prime | $1,992 | $166 |
| Toyota Sequoia | $2,536 | $211 |
| Toyota Sienna | $1,995 | $166 |
| Toyota Tacoma | $1,917 | $160 |
| Toyota Tundra | $2,010 | $168 |
| Toyota Tundra Capstone | $2,942 | $245 |
| Toyota Tundra Hybrid | $2,369 | $197 |
| Toyota Venza | $1,879 | $157 |
Average car insurance cost for different vehicle makes
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When it comes to affordable Toyota car insurance, it’s best to stick to vehicles that are designed with families in mind. These vehicles are typically loaded with advanced safety features, have smaller engines and are usually driven by parents who have kids in the car, so they tend to drive more carefully, which results in fewer accidents.
Airbags, backup cameras, automatic emergency braking and lane departure warning are all safety features that will help keep your insurance premium low. As in years past, minivans and compact to midsize SUVs topped our list of cheapest cars to insure this year.
Pickups and commercial vans also tend to be cheaper to insure than sedans and other vehicle types. They are usually cheaper to repair because the back end of the vehicle is just an empty bed, it doesn’t have seating or other expensive electrical and safety components. Cheaper repairs result in cheaper insurance.
Cheapest Toyota models to insure
Smaller, less expensive Toyota models that have a low-power engine under the hood are always going to be cheaper to insure than more upscale or sporty models. Entry-level Toyota base models can be very affordable to insure, but your premium will be headed up as you go up the scale when it comes to higher-level trims.
Models that are popular with families and are loaded with safety features will help keep your premium affordable. Advanced safety features such as automatic emergency braking, a backup camera and blind spot detection can result in a discount on your premium.
“If you are a younger driver, you will probably pay more for auto insurance, so you may need to consider practicality versus style,” says Lauren Mckenzie, independent broker/agent with A Plus Insurance. “If you are younger and you choose a fast, luxurious sports car, your monthly insurance payments could end up being more than your monthly auto loan payments.”
Most expensive Toyota models to insure
Luxury vehicles, sports cars, and SUVs generally rank as the most expensive types of vehicles for car insurance. Luxury vehicles and sports cars often attract higher insurance rates because they are more likely to be stolen and cost more to repair or replace. On the other hand, SUVs, especially larger ones, can lead to higher premiums due to their potential to cause more damage in an accident.
If you are hoping to keep your insurance bill low, avoid these types of vehicles:
- EVs: EVs have large, very expensive batteries under the hood which makes them expensive to insure. Battery packs can cost up to $20,000 to replace, so insurers factor that risk into your rate.
- Luxury and sports cars: A big engine is always a red flag for insurers as is a sky-high sticker price. Luxury and sports cars come with a big sticker price, are fast, and filled with exotic trims and technology, all of which make them very costly to repair or replace if you file a claim which is why they are super expensive to insure.
- Favorites of thieves: Insurers keep a close eye on statistics, and if your vehicle is a favorite with car thieves, you will pay more for coverage. The National Insurance Crime Bureau (NICB) releases a list every year of hot cars with thieves so avoid those vehicles to keep your premium low.
How to save on car insurance for a Toyota
“Shop around for quotes from multiple insurers. Also, investigate group auto insurance that may be available from your employer,” says Brian Martucci, finance editor for Minneapolis-based Money Crashers.
Additionally, drop insurance coverage you don’t need, especially if you want to purchase an older vehicle model.
“You can shift money from one type of coverage to additional coverage on the uninsured motorist property damage coverage, for example. This way, so long as you are not the one at fault in an accident, your vehicle will be covered and you will save a lot of money on car insurance,” Mckenzie says.
Before committing to a vehicle, estimate your car insurance costs and shop for the best value. Compare quotes from different insurance companies carefully.
“If your car insurance payments are still on the higher end, consider choosing a higher deductible, such as $1,000 instead of a $500 deductible – which will lower your premium,” Mckenzie says. “Also, consider leaving off additional coverages like rental reimbursement or roadside assistance, which may save you money, too.”
Toyota discounts on car insurance
One way to save money on your Toyota insurance is to make sure that all available discounts are being applied to your policy. Insurers offer a variety of discounts that can dramatically lower your premium.
Discounts may be related to the vehicle you drive or your personal factors. Insurance companies typically offer a discount for a vehicle loaded with advanced safety features such as automated emergency braking, lane departure warning and driver alertness monitor.
In addition, you may be able to save a bit of coin by having an anti-theft device installed or driving a brand-new car as some insurers offer a new car discount.
Discounts related to your personal factors can include major discounts such as being a good driver or a good student (if you have a teen on your policy).
“You may also qualify for a low-mileage discount by driving less and by bundling multiple policies, like home and auto, with the same carrier,” Martucci says.
Learn about common car insurance discounts for an overview of the most common savings for Toyota auto insurance.
How does a car’s make affect car insurance rates?
Curious how much is Toyota insurance? It will depend on which model you choose. Toyota builds a variety of different vehicles and the cost to insure them will vary depending on the vehicle type.
Smaller SUVs and minivans are the cheapest vehicle types to insure while luxury models and sporty sedans are more expensive. Pickup trucks tend to fall on the more affordable side of the insurance spectrum – until you get into the luxury trim levels.
Insurers collect reams of statistical data, and the numbers show that vehicles that are popular with families (think SUVs and minivans) are in fewer accidents and file fewer claims than drivers of sedans and sports cars which is one reason they are cheaper to insure. Luxury vehicles and sports cars are also bursting with expensive trim materials and technology that pushes up the cost of repairs and insurance.
Remember to compare apples to apples when it comes to insurance quotes for different vehicle types. A luxury sedan will always cost more to insure than a minivan or mid-size SUV, so when comparing insurance quotes, be sure to compare the same vehicle types and coverage limits.
The same advice should be followed when comparing vehicles from different manufacturers. A luxury German sedan (BMW or Mercedes for example) will be more expensive to insure than a minivan or compact vehicle from another manufacturer, so always compare similar vehicle types and trim levels when shopping for a new vehicle or policy.
Check out car insurance rates by model: Compare rates for over 3,000 models
About the company: Toyota
Toyota Motor Corporation, established in 1937, is recognized for its high-quality and reliable vehicles. It’s the brainchild of Kiichiro Toyoda, who envisioned an automotive company that contributes to society. Since its inception, Toyota has continually launched a broad range of vehicles, spanning from fuel-efficient hybrids to robust pickup trucks.
Final thoughts on Toyota insurance costs
Toyota makes a variety of different models and the cost to insure them will vary based on a number of factors. Choosing entry-level vehicles with a low starting price, smaller engine under the hood and plenty of safety features will help keep your premium affordable while more luxury and sporty models will push up the cost of coverage.
Shopping your coverage on a regular basis, asking for discounts and choosing the highest deductible you can easily afford are all great ways to save money on your coverage regardless of which Toyota model you drive off the lot.
Resources & Methodology
Sources
Insurance Information Institute. “Facts + Statistics: Teen Drivers.” Accessed November 2023.
Methodology
CarInsurance.com editors in 2023 collected rates from Quadrant Information Services for 40-year-old and 18-year-old males with full coverage insurance with limits 100/300/100 and $500 comprehensive and collision deductibles. Drivers have a 12-mile commute and drive 10,000 miles per year. We analyzed 28,561,720 records, 1,439 vehicle models, 501 cities and 58 insurance companies nationwide.
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Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.
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