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Car insurance for Toyotas

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Toyota vehicles among the most popular vehicles in the United States. In fact, Toyota was the most awarded car brand in 2021, according to Kelley Blue Book (KBB). Not only are Toyotas safe and reliable, but they can also be affordable to insure. But whether you currently own a Toyota or are in the market for a new Toyota, it’s a good idea to understand how much you might spend on car insurance.

The average cost of full coverage car insurance is $1,655 per year, according to Bankrate’s study of quoted annual premiums. Keep in mind, though, that in addition to your vehicle make and model, your age, credit score, location and driving history can also impact your rate. Certain Toyota models are also more expensive to insure than others, and every insurance company charges different rates. Using Quadrant Information Services, Bankrate analyzed the average rates for some of Toyota’s most popular models to help you find the best car insurance options for your Toyota.

Models included in this review:

  • Toyota Corolla
  • Toyota Highlander
  • Toyota Prius
  • Toyota RAV4
  • Toyota Sienna
  • Toyota Tacoma
  • Toyota Tundra

How much does it cost to insure a Toyota?

While the average cost of full coverage car insurance is $1,655 per year according to the most recent premium data from Quadrant Information Services available, the make and model of your vehicle and other factors such as location and accident history can affect your premium.

A vehicle’s make and model can affect your rates because insurance companies view certain vehicles as riskier to insure than others. For instance, a faster vehicle may be riskier to insure because providers assume those drivers are more likely to participate in reckless driving behaviors. In contrast, vehicles equipped with safety equipment make deadly collisions less likely, meaning those vehicles are often cheaper to insure.

  • Price of parts: Toyotas typically have cheaper parts than their competitors, which could contribute to insurance premiums staying low. Cheaper parts mean cheaper repair costs, helping the insurer pay less for claims.
  • Safety features: Toyotas typically come equipped with a suite of safety features. Notably, Toyota’s “pre-collision system” uses lasers to detect objects in front of the vehicle. The car will warn the driver to brake and, if necessary, brake automatically.

Car insurance for Toyota: by model

While exact auto insurance rates will vary for each driver based on personal factors, the following rates may be useful for the sake of comparison. Typically, the easiest way to see what you would pay is to use a provider’s online quote generator.

Car insurance for Toyota Corolla

With several trim packages to choose from and the option to purchase a hybrid, your rates for Toyota Corolla insurance may differ from the ones below. You may also qualify for safe car discounts on your premium, as your Toyota Corolla could come with lane stability alerts, pedestrian detection and a pre-collision system.

Corolla car insurance Average annual premium
Minimum coverage $531
Full coverage $1,695

Car insurance for Toyota Highlander

The average cost of auto insurance for Toyota Highlanders is slightly cheaper than the national average. You can purchase Toyota Highlanders with extensive safety features that could lower your premium even more, including a hefty pre-collision safety system that can detect objects in front of the vehicle and brake automatically.

Highlander car insurance Average annual premium
Minimum coverage $498
Full coverage $1,511

Car insurance for Toyota Prius

The Toyota Prius only comes in a hybrid option, but offers several different trim packages to make your Prius fit your needs and style. As hybrids become more common, some car insurance companies offer discounts if you choose the hybrid option when you buy a Toyota. However, as it stands, hybrids are typically more expensive to insure than other vehicles. The Prius was the most expensive Toyota model for full coverage insurance of the cars we analyzed in this article.

Prius car insurance Average annual premium
Minimum coverage $496
Full coverage $1,729

Car insurance for Toyota RAV4

The Toyota RAV4 comes in several trim options, including a hybrid with all-wheel drive. Though your rate will vary based on your driving history and the make and model of your drive, the most recent average premium data is listed below.

RAV4 car insurance Average annual premium
Minimum coverage $501
Full coverage $1,510

Car insurance for Toyota Sienna

For drivers who need a bigger vehicle, the Toyota Sienna minivan comes in several trim options, all of which are hybrid vehicles. Hybrid vehicles are typically a bit more costly to insure than traditional vehicles. However, the cost of insuring a Toyota Sienna remains close to the national averages for full and minimum coverage auto insurance.

Sienna car insurance Average annual premium
Minimum coverage $474
Full coverage $1,687

Car insurance for Toyota Tacoma

The Toyota Tacoma has three different trim package options, but does not yet have a hybrid model like some of the other Toyotas. However, that doesn’t mean you can’t still get great rates on car insurance. Full coverage car insurance for the Toyota Tacoma was the third cheapest of any Toyota model we analyzed in this article.

Tacoma car insurance Average annual premium
Minimum coverage $486
Full coverage $1,539

Car insurance for Toyota Tundra

Another truck offered by Toyota, the Tundra, also has three options for trim packages, but does not come in a hybrid. The standard Tundra comes equipped with a suite of safety features, including anti-lock brakes and traction control that could save you money on your premium. Even without discounts, purchasing full coverage insurance for your Tundra will likely only cost slightly more than the national average.

Tundra car insurance Average annual premium
Minimum coverage $508
Full coverage $1,716

Cheapest car insurance companies for Toyotas

Of the best auto insurance providers, Amica, Erie, Geico, State Farm and USAA offer some of the cheapest rates. However, keep in mind that the actual insurance cost will vary for every driver. Each of the providers listed below allows customers to generate an online quote to see how much they’d pay for car insurance.

Average annual premium for full coverage by model

Car insurance company Corolla Highlander Prius RAV4 Sienna Tacoma
Amica $1,404 $1,167 $1,365 $1,185 $1,303 $1,225
Erie $1,251 $1,141 $1,316 $1,229 $1,247 $1,374
Geico $1,255 $1,230 $1,283 $1,028 $1,447 $1,188
State Farm $1,300 $1,384 $1,454 $1,358 $1,615 $1,374
USAA $1,052 $1,137 $1,198 $1,100 $1,324 $1,086

Toyota features that impact insurance costs

In addition to factors like ZIP codes and driving records, vehicle features can also affect insurance rates significantly. The following features on your Toyota could either raise or lower your premium:

  • Blind spot alert: Many Toyota models are equipped with Blind Spot Monitoring, which alerts drivers via side mirrors that another driver is in their blind spot.
  • Pre-collision system (PCS): Toyotas equipped with a PCS can alert drivers when an object is detected in front of their vehicle and will automatically brake to avoid a collision.
  • Pedestrian detector: Toyota models equipped with this feature can detect people in front of the vehicle and alert the driver to brake. If the driver does not take action, the car can automatically brake.
  • Stability control: This feature ensures that the vehicle stays on its intended path. If the driver’s hands slip off the steering wheel, the car can reduce its speed.

Other car insurance coverage for a Toyota

If you’re purchasing a new Toyota or have one that still has some value, you may want to consider higher liability limits than the minimum coverage offered by your state. In many states, you can be sued by the other driver if your car insurance doesn’t have enough coverage to pay for their injuries or property damage.

For instance, collision coverage will pay to fix your vehicle’s damages or replace your Toyota if you are at fault in a covered accident. Consider a deductible you can reasonably afford to pay if you’re involved in a collision. If your car is totaled and the book value is less than your loan or lease amount, gap insurance could pay the difference to your lender.

If you drive in more remote ZIP codes, you may be interested in purchasing roadside assistance coverage. If your Toyota breaks down, you run out of gas or lock your keys in the vehicle, it can be relieving to have coverage for emergency roadside services.

Frequently asked questions

Is a Toyota Corolla expensive to insure?

On average, insuring a Toyota Corolla is not very expensive, but the cost of insurance will be different for every driver. The average annual premium to insure a Toyota Corolla is $1,695 for full coverage and $531 for minimum coverage. That’s just slightly above the average annual cost of car insurance for all vehicle makes and models. However, your age, credit score, ZIP code and other personal factors will impact the cost of your Toyota auto insurance, so you might pay more or less than the average annual rate.

What is the cheapest insurance company for Toyota car insurance?

There is no single insurance company that is the cheapest for all Toyota drivers across the board. Each driver’s insurance premiums will vary based on personal factors, which means that the cheapest insurance company for Toyota car insurance will also vary. According to Bankrate data, USAA is the cheapest insurance provider on average for most Toyota models, but you must meet the eligibility requirements in order to purchase coverage from this insurer. If you don’t qualify for USAA, Geico also offers low average rates for most Toyota models.

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

There are a variety of ways that Toyota owners can try to lower their car insurance premiums. First, you should make sure you are taking advantage of all the discounts your insurance company offers. Many providers have discounts for taking a defensive driving course, paying your premium in full, bundling your insurance policies and getting good grades in school. You can also save money by shopping around, avoiding accidents and being convicted of traffic tickets, and improving your credit score.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota of the following model types, commute five days a week and drive 12,000 miles annually:

  • 2019 Toyota Corolla
  • 2019 Toyota Highlander
  • 2019 Toyota Prius
  • 2019 Toyota RAV4
  • 2019 Toyota Sienna
  • 2019 Toyota Tacoma
  • 2019 Toyota Tundra

These are sample rates and should only be used for comparative purposes.

Written by
Lizzie Nealon
Insurance Writer
Lizzie Nealon is a former insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor