5+ years writing insurance and personal finance topics
Auto, home, health, and life insurance expertise
Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.
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15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Updated November 20, 2024
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Table of contents
Table of contents
Toyota is consistently recognized as one of the top-selling auto manufacturers in the U.S. The company is known for its affordable and reliable vehicles, as well as its extensive lineup of hybrid and electric cars.
The average cost of Toyota car insurance is $198 per month for full coverage and $107 per month for minimum coverage. That’s slightly more expensive than the U.S. national average rate, which is $204 for full coverage and $104 for liability coverage.
The Toyota 4Runner has the lowest average insurance premiums of any Toyota model.
The Toyota Corolla has the most expensive insurance rates, on average.
Toyota also offers its own insurance policies through the Toyota Auto Insurance program, though it’s only available in 12 states.
Cost of Toyota insurance by model
Car insurance premiums are personalized for every driver based on factors like your location, age, discounts, and vehicle type. In the table below, you can see average full-coverage and liability-only quotes for some of Toyota’s most popular models.
Toyota Vehicle Model ▲▼ | Average Quote: Full Coverage ▲▼ | Average Quote: Liability Only ▲▼ |
---|---|---|
Camry | $209 | $140 |
Corolla | $216 | $145 |
RAV4 | $170 | $114 |
Tacoma | $179 | $120 |
Highlander | $170 | $114 |
Prius | $166 | $111 |
Tundra | $184 | $123 |
4Runner | $164 | $110 |
Cheapest Toyota insurance by model
If you’re shopping for a Toyota, getting car insurance quotes for several models can help you find the cheapest vehicle to insure. See which Toyotas have the lowest average insurance premiums.
Toyota Camry
The average cost of car insurance on a Toyota Camry is more expensive than the average rates for most other Toyota models. However, the Camry is one of Toyota’s cheapest vehicles, with a manufacturer’s suggested retail price (MSRP) of $26,420. This difference in price between the vehicle and its insurance could be because the Camry is one of the nation’s most-stolen vehicles.[1]
See average Toyota Camry car insurance quotes from some of the top car insurance companies below.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $140 |
American Family | $178 |
CSAA | $171 |
Direct Auto | $201 |
Farmers | $240 |
GEICO | $117 |
Liberty Mutual | $180 |
Nationwide | $130 |
Progressive | $166 |
State Farm | $113 |
The General | $259 |
Travelers | $206 |
USAA | $102 |
Toyota Corolla
The Corolla is the most affordable vehicle in Toyota’s lineup, with a starting MSRP of $21,900. Toyota also sells hybrid and hatchback Corolla models. Despite the car’s low sticker price, it’s one of Toyota’s more expensive vehicles to insure and, again, has high theft rates.[1]
Here are the cheapest car insurance companies for the Toyota Corolla.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $145 |
American Family | $184 |
CSAA | $176 |
Direct Auto | $207 |
Farmers | $247 |
GEICO | $121 |
Liberty Mutual | $185 |
Nationwide | $134 |
Progressive | $171 |
State Farm | $116 |
The General | $267 |
Travelers | $212 |
USAA | $106 |
Toyota RAV4
The Toyota RAV4 is one of the bestselling vehicles in the U.S.[2] It has a starting MSRP of $28,275, which makes it one of Toyota’s lowest-priced SUV models. Compared to other popular Toyotas, the RAV4 also has more affordable insurance premiums.
Below, you can see the cheapest car insurance companies for the RAV4.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $114 |
American Family | $145 |
CSAA | $139 |
Direct Auto | $163 |
Farmers | $195 |
GEICO | $95 |
Liberty Mutual | $146 |
Nationwide | $105 |
Progressive | $135 |
State Farm | $92 |
The General | $210 |
Travelers | $167 |
USAA | $83 |
Toyota Tacoma
The Toyota Tacoma clocks in with an MSRP of $28,600. That makes it the cheapest truck in Toyota’s lineup, and it also has relatively low insurance premiums compared to some other models. USAA is the cheapest insurer for Tacoma owners, with an average rate of $88 per month. See which insurance companies have the lowest Tacoma rates in the table below.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $120 |
American Family | $153 |
CSAA | $146 |
Direct Auto | $172 |
Farmers | $205 |
GEICO | $100 |
Liberty Mutual | $154 |
Nationwide | $111 |
Progressive | $142 |
State Farm | $97 |
The General | $221 |
Travelers | $176 |
USAA | $88 |
Toyota Highlander
The Toyota Highlander is a full-size SUV with a starting MSRP of $36,620. This vehicle comes in several different versions and trim levels with more features and higher costs. The Highlander is also one of the most affordable Toyota models to insure, as you can see in the table below.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $114 |
American Family | $145 |
CSAA | $139 |
Direct Auto | $163 |
Farmers | $195 |
GEICO | $95 |
Liberty Mutual | $146 |
Nationwide | $106 |
Progressive | $135 |
State Farm | $92 |
The General | $210 |
Travelers | $167 |
USAA | $83 |
Toyota Prius
The Toyota Prius is one of the top-selling hybrid vehicles in the U.S.[3] The 2023 Prius has a starting price of $27,450 and it’s also affordable to insure. USAA has the cheapest Pruis insurance, at an average rate of $81 per month.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $112 |
American Family | $142 |
CSAA | $136 |
Direct Auto | $159 |
Farmers | $191 |
GEICO | $93 |
Liberty Mutual | $143 |
Nationwide | $103 |
Progressive | $132 |
State Farm | $90 |
The General | $206 |
Travelers | $164 |
USAA | $81 |
Toyota Tundra
The Toyota Tundra is a popular pickup truck with an MSRP of $39,965. The cost of car insurance on a Tundra is slightly more expensive compared to other models. USAA has the lowest average rate, at $90 per month. Here, you can see which insurers have the cheapest car insurance premiums for the Toyota Tundra.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $124 |
American Family | $157 |
CSAA | $150 |
Direct Auto | $176 |
Farmers | $211 |
GEICO | $103 |
Liberty Mutual | $158 |
Nationwide | $114 |
Progressive | $146 |
State Farm | $99 |
The General | $228 |
Travelers | $181 |
USAA | $90 |
Toyota 4Runner
The 2023 4Runner has an MSRP of $40,155, making it the most expensive Toyota model on this list. However, the 4Runner also has the lowest average car insurance premiums out of the eight Toyota models Insurify reviewed. Below, you can see which companies offer the cheapest car insurance premiums for the 4Runner.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Allstate | $110 |
American Family | $140 |
CSAA | $134 |
Direct Auto | $157 |
Farmers | $188 |
GEICO | $92 |
Liberty Mutual | $141 |
Nationwide | $102 |
Progressive | $130 |
State Farm | $89 |
The General | $203 |
Travelers | $162 |
USAA | $80 |
Best companies for Toyota car insurance
The car insurance marketplace is highly saturated, and most areas have dozens of car insurance companies to choose from. Before you purchase car insurance for a Toyota, it’s a good idea to compare several insurers and get personalized rate quotes. These are a few of the best companies for insuring your Toyota:
Best for active-duty military members, veterans, and their families: USAA
User Reviews | 4.9 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.4 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $45/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $99/mo |
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
Gloria
November 15, 2024
Not Good for Claims
Martin
November 11, 2024
Price Shopping
Rena Sabine
November 8, 2024
Disappointing and inflexible service
USAA exclusively serves current and former members of the military and their immediate families and is still the seventh-largest insurance company in the U.S. by market share. USAA offers banking, investing, and retirement services in addition to numerous insurance products, including auto, homeowners, renters, and more. Auto policyholders can qualify for discounts for bundling, insuring multiple vehicles, and living on a military base. AM Best gives USAA an A++ (Superior) financial strength rating, and the insurer ranked best in most regions in J.D. Power’s Overall Customer Satisfaction Index.
High customer satisfaction
Low premiums
SafePilot program rewards good driving with up to 30% discount
Only available to active-duty military, veterans, military spouses, or children of service members or veterans
No 24/7 customer phone support
Customer reviews are mixed for service and claims processing
Best for overall customer satisfaction: State Farm
User Reviews | 4.2 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $54/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $119/mo |
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Ronald
November 19, 2024
State Farm Experience: 35 Years+
David
November 19, 2024
Too expensive
Ronald
November 18, 2024
Very Expensive Auto and Home
State Farm is the largest U.S. auto insurer by market share and has operated for more than 100 years. Available in all 50 states, State Farm stands out for its customer service, extensive discounts, and optional coverages. The insurer ranked fifth for overall customer satisfaction in the 2023 J.D. Power U.S. Auto Claims Satisfaction Study. Safe drivers can enjoy many State Farm discounts, including ones for young motorists who complete an approved driver training course, for having a vehicle with certain safety equipment, and for going three years or longer without violations or at-fault accidents.
High rates of customer satisfaction
Rideshare insurance available
Savings for bundling auto with home, renters, condo, or life insurance
No gap insurance offering
May not be the cheapest choice for drivers with violations
Accident forgiveness limited to longtime customers with clean driving records
Best for drivers older than 25: GEICO
User Reviews | 4.0 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.0 /10 |
Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $54/mo |
Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $119/mo |
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
James
November 19, 2024
Unsatisfactory Experience with Geico
Edward
November 18, 2024
Experience with Geico
Chris
November 18, 2024
Poor
GEICO, a subsidiary of the Berkshire Hathaway Group, is the third-largest U.S. insurer by market share. In addition to auto insurance, GEICO sells homeowners, renters, flood, travel, life, and business insurance, among other products. The insurer offers numerous car insurance discounts to help drivers save. For example, drivers who are accident-free for five years could earn 22% off premiums, and good students could earn 15% off. GEICO’s National Association of Insurance Commissioners complaint index score is below average, meaning it receives fewer consumer complaints than average.
Good rates for good drivers, seniors, and young drivers
Accident forgiveness available
A+ (Superior) financial strength rating from AM Best
High rates for drivers with certain violations, like DUIs
No rideshare or new car replacement coverage available
Lower customer satisfaction scores from J.D. Power
Cheapest recent rates
Drivers have found policies from Anchor, Certainly, First Acceptance, and more, for rates as low as $37/mo. through Insurify
*Quotes generated for Insurify users within the last 10 days. Last updated on November 20, 2024
*Quotes generated for Insurify users within the last 10 days. Last updated on November 20, 2024
Toyota car insurance coverages
You need to carry a minimum amount of car insurance in most states, but you can also purchase optional coverages that fill gaps in your standard policy and provide higher levels of protection. Here are some of the most common Toyota car insurance coverages:
Liability coverage
This policy covers your legal and financial responsibilities when you cause an accident, and it’s a required insurance product in most states. Specifically, it pays for the other driver’s medical expenses if they get injured, as well as their vehicle damages or other property damage in an accident you cause.
Collision coverage
This is optional. It pays for your vehicle’s damages after an accident you cause. Typically, the coverage limit for collision insurance is the actual cash value (ACV) of your vehicle. Most policies have a deductible that you pay out of pocket when you file a claim.
Comprehensive coverage
This is another optional coverage and is sometimes called “other than collision” coverage. It covers your vehicle’s repairs stemming from a non-collision incident. For example, it usually covers weather-related damage, fires, floods, theft, vandalism, and accidents with animals.
Gap insurance
Gap insurance, which stands for “guaranteed asset protection,” is an add-on endorsement for drivers who lease or finance their cars. If your Toyota is totaled in an accident and you owe more than your car’s value on the loan, this policy will help you pay off the remaining balance. An insurance agent can help you figure out whether gap insurance makes sense for your situation.
Toyota car insurance FAQs
If you still have questions about getting cheap Toyota car insurance, check out the answers below.
Who has the cheapest Toyota insurance?
No one car insurance company has the cheapest Toyota insurance for all drivers. However, USAA is the cheapest Toyota insurance company overall based on Insurify’s analysis of recent rate data. Keep in mind that the cost of Toyota insurance depends on many factors, like your location, vehicle model, age, credit score, and driving record.
Are Toyotas expensive to insure?
Toyotas can be expensive to insure, but it depends on the model you have. The average cost of Toyota insurance is a little more expensive than the U.S. national average for all vehicles. You can find the most affordable Toyota insurance for your situation by comparing rates from multiple insurers.
How much does it cost to insure a Toyota Camry?
On average, Toyota Camry insurance costs $209 per month for full coverage and $140 per month for liability coverage. This means the Camry has the highest average auto insurance rates of the Toyota models presented here.
Does Toyota Auto Insurance have an app?
Currently, no mobile app exists for Toyota Auto Insurance customers. If you have car insurance through the Toyota Auto Insurance program, you can manage your policy, file claims, and make payments online.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
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Sources
- Reader's Digest. "These Are the 10 Cars That Are Most Likely to Get Stolen."
- Goodcarbadcar.net. "2020 US BEST SELLING VEHICLES – ALL SEGMENTS."
- Greencars.com. "Best-Selling Hybrid Cars."
Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com.
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
Featured in