Buy Cheap Toyota Auto Insurance in 2024
Toyota vehicles have high safety ratings, which keeps Toyota auto insurance rates low. Toyota monthly auto insurance rates average $140, but some models, like the Toyota Land Cruiser, cost more to insure than others. To find cheap Toyota auto insurance, compare quotes from top providers in your area.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Sep 5, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 5, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- On average, drivers pay $140 per month for Toyota auto insurance
- Models with the lowest Toyota car insurance costs are the Toyota C-HR, Toyota Yaris, and Toyota Prius
- Some of the best auto insurance companies for Toyotas include Nationwide, Erie, and Geico
Toyota auto insurance quotes vary depending on your model, but generally, most Toyota auto insurance rates are reasonable. While young drivers and drivers with poor driving records will have a harder time finding affordable Toyota auto insurance, most drivers can buy cheap auto insurance by shopping around for coverage.
Continue reading to learn more about cheap auto insurance for Toyotas, coverages you should consider buying, and average coverage rates by model. Then, compare Toyota auto insurance quotes from multiple companies to find the best policy.
Types of Auto Insurance for Toyotas
When shopping for auto insurance for your Toyota, remember that you must carry the coverage amounts required by your state. If you aren’t sure what coverages your state requires, check out our guide to minimum auto insurance required by state.
Most U.S. states require you to carry liability insurance, but others may require additional coverage. Take a look at the types of auto insurance for Toyotas your state may require below:
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- Bodily injury liability coverage: Bodily injury liability coverage is a part of liability auto insurance that pays for the medical bills of any drivers you injure in an accident.
- Property damage liability coverage: Property damage liability covers any repair expenses if you hit another vehicle or an object.
- Medical payments coverage: If you or anyone in your vehicle suffers injuries during a car accident, medical payments will help pay your medical bills regardless of who caused the accident.
- Personal injury protection coverage: If you or anyone in your vehicle suffers injuries during a car accident, personal injury protection helps pay your medical bills, lost wages, and other injury-related costs.
- Underinsured motorist coverage: If the person who hit your car doesn’t have enough insurance to pay for your repairs, this coverage will help cover your repair bills.
- Uninsured motorist insurance: If the person who hit your car doesn’t have insurance, this coverage will help pay your repair bills.
These are the only coverages your state may require to drive legally, but if you have a lease or loan, your lender will require you to carry comprehensive and collision insurance. Combined with liability insurance, these coverages create a full coverage auto insurance policy that pays for others’ repairs and your own repairs after an accident.
Collision auto insurance will cover your car’s repairs if you hit another car. It also covers repairs if you crash into an object like a fence post or a tree. On the other hand, comprehensive auto insurance covers incidents outside your control, like damages from weather, falling objects, vandalism, and animal collisions. Find out how much auto insurance coverage you need.
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Average Toyota Auto Insurance Rates
Since comprehensive, collision, and liability insurance are some of the more common coverages drivers carry on their Toyotas, we want to review how much these coverages cost. Check below to see how much the average driver pays for Toyota auto insurance by model.
Toyota Auto Insurance Average Rates by Model
| Model | Monthly Rate |
|---|---|
| Toyota Yaris | $129 |
| Toyota Tundra | $147 |
| Toyota Tacoma | $134 |
| Toyota Sienna | $136 |
| Toyota Sequoia | $145 |
| Toyota RAV4 | $132 |
| Toyota Prius | $131 |
| Toyota Land Cruiser | $174 |
| Toyota Highlander | $141 |
| Toyota Corolla | $140 |
| Toyota Camry | $143 |
| Toyota Avalon | $132 |
| Toyota 4Runner | $133 |
The Toyota CH-R, Toyota Yaris, and Toyota Prius are some models with average cheaper rates. On the other end is the Toyota Land Cruiser, which has the most expensive average auto insurance rates out of all the Toyota models.
Since insurance companies use other factors besides models to determine rates, we also want to look at average rates by age and driving record.
While young drivers have higher insurance rates on average due to their inexperience, they can do a few things to lower rates, such as keeping a clean driving record and applying for young driver discounts.
How to Find Cheap Toyota Auto Insurance
No matter what Toyota model you own, there are a few things you can do to lower your Toyota auto insurance rates. Take a look at our saving tips below:
- Get an auto insurance bundling discount. Insurance companies usually let you bundle your auto insurance with another type of insurance, such as home insurance, to earn a significant bundling discount.
- Increase your auto insurance deductible. Increasing your insurance deductible will lower your auto insurance rates, but make sure the deductible amount is still something you can pay out of pocket.
- Maintain a low annual mileage. Drivers who drive less often receive lower rates since less driving means a lower chance of getting in an accident and filing a claim. Learn how to get a low-mileage auto insurance discount.
- Maintain a clean driving record. Insurers view drivers with no accidents or claims on their record as low risk to insure. So they’ll receive lower rates.
Another thing you can do to lower your auto insurance rates quickly is to shop around for quotes. There may be a company with cheaper rates than your current company. If you’re already with one of the cheapest auto insurance companies, follow the tips above to try and reduce your costs.
Find Cheap Toyota Auto Insurance Today
Your Toyota auto insurance rates depend on the model you own, your coverage options, your driving record, and other important factors. Most drivers can find savings by bundling insurance policies, keeping a clean driving record, and shopping around for auto insurance quotes.
If you wish to shop for a cheaper auto insurance rate for your Toyota, use our free quote comparison tool. It will help you find the cheapest rate from car insurance companies in your area. Find out how to buy auto insurance.
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Frequently Asked Questions
How can you find cheap Toyota auto insurance?
Finding cheap Toyota auto insurance is usually simple. While insurance rates can vary depending on several factors, such as the specific model of the Toyota vehicle, your location, driving history, and coverage needs, there are strategies to help keep your premiums reasonable. By shopping around for quotes from different insurance companies, considering available discounts, and maintaining a good driving record, you can increase your chances of finding cheap auto insurance for your Toyota vehicle.
What factors can influence the cost of Toyota auto insurance?
Several factors can influence the cost of Toyota auto insurance. These factors include:
- Model of the Toyota vehicle: Different Toyota models have varying insurance rates based on factors such as their value, safety features, and repair costs.
- Location: Your location can impact insurance rates. Factors such as population density, crime rates, and accident statistics in your area are considered when determining premiums.
- Driving record: Your driving history, including accidents, tickets, and violations, can impact your insurance rates. A clean driving record generally leads to lower premiums.
- Coverage limits and deductibles: The coverage limits you choose and the deductible amount can impact your insurance premiums. Higher coverage limits and lower deductibles may lead to higher premiums, while lower coverage limits and higher deductibles may result in lower premiums.
- Insurance history: Your insurance history, including previous claims and coverage gaps, can influence your rates. Maintaining continuous coverage and a good claims history can help keep premiums lower.
Are there any specific discounts available to help reduce Toyota car insurance costs?
Yes, there are several discounts available that can help reduce Toyota car insurance costs. While the availability of discounts can vary between insurance companies, some common ones include:
- Safe driver discount: If you have a clean driving record with no accidents or traffic violations, you may be eligible for a safe driver discount.
- Multi-policy discount: If you have multiple insurance policies with the same company, such as auto and home insurance, you may qualify for a discount by bundling them.
- Vehicle safety features discount: Toyota vehicles often come equipped with safety features such as anti-lock brakes, airbags, and anti-theft systems, which may make you eligible for discounts.
- Good student discount: Full-time students with good grades can often receive a discount on their auto insurance premiums.
What steps can I take to find and buy cheap Toyota auto insurance?
To find and buy cheap Toyota auto insurance in 2023, consider the following steps:
- Shop around: Obtain quotes from multiple insurance companies to compare rates and coverage options.
- Assess your coverage needs: Determine the appropriate coverage limits and deductibles that suit your needs while keeping costs in mind.
- Maintain a good driving record: Practice safe driving habits to maintain a clean driving record, which can help keep your insurance premiums lower.
- Inquire about discounts: Ask insurance companies about available discounts and take advantage of those you qualify for.
- Consider bundling: If you have multiple insurance policies, check if bundling them with the same provider can lead to discounted rates.
- Review and update your policy: Regularly review your policy to ensure it still meets your needs and consider making adjustments if necessary.
Is Toyota auto insurance expensive?
Average Toyota auto insurance quotes are $140 per month, which is a little less expensive than the national average. However, many factors affect car insurance rates, so you might see higher or lower prices.
Does Toyota offer car insurance?
While Toyota doesn’t sell its own auto insurance policies, it does partner with a few providers to offer affordable coverage to its customers.
Which companies offer the cheapest Toyota auto insurance quotes?
Overall, the best auto insurance companies for Toyotas are Nationwide, Erie, and Geico. However, you might find cheaper rates elsewhere, so make sure to compare quotes with multiple companies.
Should you get Gap insurance for a Toyota?
Gap coverage can be a valuable part of your Toyota auto insurance policy when you first purchase a vehicle. Gap insurance pays the difference between what you owe on your loan and how much your car is worth if you total it.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.