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How Much is Toyota Car Insurance?

Written by Katie Dee

Reviewed by Alyssa DiCrasto

Last updated: February 26th, 2024

According to our research, car insurance on your Toyota can cost anywhere from around $1,880 per year to $2,290 per year. In order to determine your exact rate, there are several factors to consider such as the specific make of your vehicle, your location, and your driving history.

What does it cost to insure my Toyota?

Toyota Insurance by Vehicle

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Insuring your Toyota

When it comes to purchasing a car, Toyota is one of the most well-known and popular brands there is, and with good reason. These cars are known to be reliable, safe, and generally inexpensive.

Even knowing all of this, though, you may not be sure what you can expect to pay for car insurance on your Toyota. We are here to help with that!

There are many elements that come into play when figuring out your specific rates and by the end of this article, you will have a better idea of how much you can expect to spend on Toyota car insurance and which provider might be the best for you.

What can I expect to pay to insure my Toyota?

Based on our analysis of car insurance rates for popular 2023 models, insuring your Toyota can cost anywhere from $1,880 per year ($157 per month) to $2,290 per year ($190 per month).

It is important to note that you can expect these rates to vary significantly based on the model and year of your car, where you live, your age, your credit score, and more.

Furthermore, the amount of coverage you want and the insurance company you choose will impact the amount you will pay for your Toyota car insurance. Consider your coverage limits and deductibles to get a better idea of what you can expect your insurance premium to be.

With so many options out there, it can sometimes feel overwhelming trying to find the right fit, but don’t worry, we’ve got you covered.

Take our short quiz experience to compare your different insurance options and find the best rate for the right coverage for you.

Toyota insurance rates by model

Your particular Toyota model will have an impact on your premium rates. According to our analysis of popular 2023 base models, the cheapest Toyota to insure is currently a RAV4 while a Toyota Highlander Hybrid sits at the most expensive. Generally, vehicles with a higher MSRP or more expensive repair costs have higher insurance rates.

The table below shows the average cost of car insurance for popular 2023 Toyota models:

Annual rates for a single 35-year-old male, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

Toyota has a relatively large lineup of vehicles, and the insurance premiums for each one varies. Here is a look at the most popular Toyota models, based on our research.

Insurance for popular Toyota models

Toyota 4Runner

This model offers drivers 500 miles of range on a single tank and can go 0-60 in 8.0 seconds. The MSRP on a 2023 Toyota 4Runner starts at $40,155.

See how much it costs to insure a Toyota 4Runner>

Toyota Camry

This model offers driver 506 miles of range on a single tank and can go from 0-60 in 8.0 seconds. The MSRP on a 2023 Toyota Camry starts at $26,320.

See how much it costs to insure a Toyota Camry>

Toyota Highlander

This model offers drivers 616 total miles of range and can go from 0-60 in 7.2 seconds. The MSRP on a 2023 Toyota Highlander starts at $36,620.

See how much it costs to insure a Toyota Highlander>

Toyota Tundra

This model offers drivers 750 total miles of range and can go from 0-60 in 6.5 seconds. The MSRP on a 2023 Toyota Tundra starts at $38,965.

See how much it costs to insure a Toyota Tundra>

Toyota Prius Family

This model is incredibly popular among hybrid vehicles. It offers drivers 640 miles of range on a single tank and can go from 0-60 in 6.4 seconds. The MSRP on a 2023 Toyota Prius starts at $27,450.

See how much it costs to insure a Toyota Prius>

Toyota RAV4

This model offers drivers 435 total miles of range and can go from 0-60 in 8.3 seconds. The MSRP on a 2023 Toyota RAV4 starts at $28,275.

See how much it costs to insure a Toyota RAV4>

Toyota Tacoma

This model offers drivers 443 total miles of range and can go from 0-60 in 7.6 seconds. The MSRP on a 2023 Toyota Tacoma starts at $28,600.

See how much it costs to insure a Toyota Tacoma>

Cheapest car insurance companies for Toyota

Selecting the right car insurance provider for you can make all the difference when it comes to getting the cheapest rate possible. This is why it is so important to shop around and compare all your options before making a final choice. Based on our analysis, we’ve listed the best and cheapest car insurance providers for Toyota below.

Average cost of Toyota car insurance at popular car insurance companies

progressive insurance
GEICO insurance

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How much should I expect to pay to insure my Toyota

Personalized rate estimates at the top insurance companies in your state

Your rates will vary based on where you live, your age, and other factors like your driving record

Frequently asked

Is Toyota expensive to insure?

According to our most recent data, Toyota car insurance costs about the same as the national average, depending on the model. However, the exact amount you pay will depend on your location, age, driving history, and more.

Why is Toyota Corolla so expensive to insure?

The Toyota Corolla was shown to be the eighth most stolen vehicle in the United States, making it riskier to insure. Vehicles that bring heightened risk to insurance providers usually make for higher insurance premiums.

How much is insurance for a Toyota Camry?

Based on our research, the average cost to insure a 2023 Toyota Camry is around $2,140 per year or $178 per month. This rate will vary depending on your personal details such as location, age, and driving history.

Which Toyota is the cheapest to insure?

Our data shows that the Toyota RAV4 is the cheapest model to insure with the 2023 model averaging around $1,880 per year or $157 per month. This number will change based on your personal information.

Which insurance is best for Toyota?

According to our most recent data on the most popular 2023 Toyota models and their insurance rates, the cheapest car insurance company for Toyota is Nationwide with an average premium of $1,505. For active members of the military or veterans, the cheapest option may be USAA with an average premium of $1,415.

Methodology

Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive. 

For the data on this page, we made the following assumptions: a 35-year-old single male with a clean driving record and Good credit score. We adjusted this profile by vehicle make, model, trim, and year to determine the rates you see on this page.

These rates are not actual quotes and should only be used for comparative purposes. Your rates can vary significantly based on your unique driver profile. 

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results.  

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.Â