Costs and Best Suppliers (2022)

Toyota is one of the most popular and trusted names in the automotive industry. Home Media’s review team dug into Toyota’s insurance cost data to help you find the right match for your auto coverage needs. Our team also ranked the best car insurance companies to make your decision even easier.

Toyota Insurance Cost

The average cost of comprehensive car insurance for a 2022 Toyota vehicle is $1,964 per year Where $164 per month. This is about 14% higher than the national average of $1,730 per year Where $144 per month. These averages are based on a 35-year-old married driver with a clean driving record and good credit rating. Your specific insurance costs may vary.

The cheapest Toyota cars to insure

According to our auto insurance cost estimates, the 4Runner is the least expensive Toyota model to insure, followed closely by the RAV4. A full coverage policy for a 4Runner averages $1,847 per year Where $154 per month. The coverage of a RAV4 is approximately $1,859 per year Where $155 per month.

The Camry is the most expensive Toyota model to insure, at an estimated average cost of $2,058 per year Where $172 per month. That’s largely because the Camry is the fifth most stolen car model in the United States, according to Kelly’s Blue Book.

Toyota car insurance rates by model

The table below contains the average monthly and annual comprehensive car insurance rates for several 2022 Toyota models.

Factors That Affect Car Insurance Costs

The price you pay for insurance will depend on the type of Toyota you drive, your location, and a host or other factors.

These factors include your:

  • Age: Drivers in their 30s and older often get lower rates than young adult or teen drivers.
  • Genre: This applies specifically to the gender listed on your driver’s license. Male drivers often pay more than female drivers.
  • Marital status: Married drivers are more likely to combine homeowners and car policies. They are also considered more financially stable by insurers, so they get lower rates.
  • Driving records: If you’ve had speeding tickets, at-fault accidents, a driving under the influence (DUI) conviction, or other traffic violations in the past few years, expect higher rates.
  • credit history: Your financial stability is an important factor in the cost of your tariffs. The lower your credit score, the higher your insurance premiums will be.

Toyota car insurance quote

If you want to find the best rates for Toyota insurance, you need to compare car insurance quotations from several suppliers. Most car insurance companies provide free quotes on their websites, so it’s easy to shop around and find the coverage you need.

Toyota Insurance Company Comparisons

USAA offers the cheapest comprehensive auto insurance for Toyota owners, with an average annual premium of just $1,120 Where $93 per month. However, USAA policies are only available to active military personnel and their immediate family.

For all other Toyota owners, Nationwide is the most affordable insurance provider with estimated costs of $1,325 per year Where $110 per month.

Below we compare the national carriers that offer the cheapest car insurance coverage on average for the Toyota Tundra, Tacoma, RAV4, Highlander, Corolla, Camry and 4Runner. Although the totals are different for models such as the Toyota Prius and the Toyota Sienna, these tables give a good indication of the fees charged by the different providers.

Toyota 4Runner Insurance Cost

USAA offers the cheapest comprehensive car insurance for 4Runners at an average cost of $1,049 per year Where $87 per month. Nationwide is following closely, with costs estimated at $1,099 per year Where $92 per month.

Toyota Camry Insurance Cost

USAA is also the cheapest insurance provider for the popular Camry model, at an average cost of $1,228 per year Where $102 per month. Erie Insurance offers affordable comprehensive coverage for Camrys, on average $1,310 per year Where $109 per month.

Toyota Corolla Insurance Cost

USAA again checks with the cheapest insurance for a Toyota model, with full coverage for an average Corolla $1,172 per year Where $98 per month. Geico offers Corolla coverage at an average of $1,354 per year Where $113 per month.

Toyota Highlander Insurance Cost

USAA also offers the least expensive coverage for the Highlander, Toyota’s family SUV model. You can insure a Highlander for an average full coverage cost of $1,150 per year Where $96 per month through the USAA. The whole country comes second with an estimated average cost of $1,398 per year Where $116 per month.

Cost of Toyota RAV4 insurance

You can get cheap coverage for Toyota’s crossover SUV through USAA. The company offers comprehensive coverage for the RAV4 at an average cost of $1,066 per year Where $89 per month. Nationwide comes in just behind here with averages of $1,168 per year Where $97 per month.

Toyota Tacoma Insurance Cost

USAA offers the least expensive coverage for the Tacoma, Toyota’s midsize pickup model. You can insure a Tacoma for an average of $1,084 per year Where $90 per month thanks to USAA’s full coverage policies. Nationwide is the second cheapest option, with coverage available at an average of $1,249 per year Where $104 per month.

Toyota Tundra Insurance Cost

The Tundra is Toyota’s entry into the half-ton pickup market. USAA offers the most affordable insurance premiums for this model, at average rates of $1,090 per year Where $91 per month. Nationwide again takes second place for tundra, providing full coverage for an average of $1,213 per year Where $101 per month.

Other auto insurance coverage for a Toyota

The above estimates are for full coverage auto insurance policies. This type of policy combines several types of automobile coverage:

  • Bodily injuries liability insurance: Pays the medical expenses of the other driver in the event of an at-fault accident
  • Property damage civil liability coverage: Covers damage to the other driver’s car and property in the event of an at-fault car collision
  • collision coverage: Covers damage to your car after a collision, no matter who is responsible for the accident
  • Back to back insurance: Covers your car against environmental damage not related to traffic accidents, such as theft, fire, falling trees, etc.

Liability insurance is required in most states, and most lenders often require collision and comprehensive coverage. Depending on state laws, comprehensive auto insurance may also include uninsured motorist coverage, personal injury protection (PIP) and coverage of medical expenses (MedPay).

Additional cover

Providers also offer a range of additional protection insurance products. These optional insurance offers include:

  • Reimbursement of the rental car: This is especially handy when your Toyota needs major repairs
  • Mechanical breakdown insurance: Known as MBI, this covers a range of repairs and is similar to an extended warranty
  • New car replacement: In case of total loss, this covers the cost of a new vehicle
  • Trip interruption: If your Toyota breaks down while you are away from home, this coverage provides a fixed amount for food, accommodation and other expenses
  • Gap insurance: Guaranteed asset protection (gap insurance) pays the difference between what your vehicle is worth and what you owe on it if the vehicle is declared a total loss

Toyota Credit Requirements

All new and certified pre-owned Toyota vehicles from the last five model years are eligible for financing through Toyota Financial Services. Loan terms for new Toyota vehicles are 24 to 72 months. Contract terms for Certified Pre-Owned vehicles vary depending on the age of the car.

Although the company does not list a minimum credit score, a higher score will result in lower interest rates and lower monthly payments. Toyota requires a score of at least 691 to qualify for 0% interest financing.

Toyota Insurance

Toyota Insurance Management Solutions, or TIMS, is an independent insurance agency that partners with a range of trusted national providers. Nationwide, Travelers, Progressive and National General are some of the companies that underwrite Toyota insurance policies.

Toyota insurance: conclusion

Overall, Toyota car insurance is more expensive than the national average. While it’s easy to find affordable coverage rates for the 4Runner and RAV4, you might have a harder time finding cheap insurance for a Camry. Providers like USAA, Nationwide, Geico, and Auto-Owners Insurance are good bets for cost-effective Toyota coverage.

Toyota Insurance: FAQs

Below are some frequently asked questions about Toyota insurance:

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