Insuring a Toyota

Through the years, Toyota has managed to stay near the top of the car manufacturing game. It has maintained a high level of popularity while many of its competitors have faced serious problems. Although these vehicles tend to cost a little more than other cars in their segment, they are imbued with safety, reliability, durability and refinement, so many people are happy to pay a little more. When you buy a Toyota, you can rest assured that it will last a very long time. Another perk is that you won't have to pay an exorbitant price to keep it insured. In fact, this automaker ranks eighth on a list of 36 vehicle makes in terms of insurance affordability. The average yearly cost to insure a Toyota is $1,408.07, which is extremely reasonable. You should take that into account when deciding whether or not to buy one of their vehicles. The slightly higher MSRP is largely offset by the low insurance costs.

Model Statistics

CAMRY
CAMRY
What type of Coverage do Camry Owners Choose?
Model Legend
$1,046

Average Annual Cost to Insure

COROLLA
COROLLA
What type of Coverage do Corolla Owners Choose?
Model Legend
$784

Average Annual Cost to Insure

RAV4
RAV4
What type of Coverage do Rav4 Owners Choose?
Model Legend
$696

Average Annual Cost to Insure

PRIUS
PRIUS
What type of Coverage do Prius Owners Choose?
Model Legend
$953

Average Annual Cost to Insure

TACOMA
TACOMA
What type of Coverage do Tacoma Owners Choose?
Model Legend
$614

Average Annual Cost to Insure

4RUNNER
4RUNNER
What type of Coverage do 4runner Owners Choose?
Model Legend
$667

Average Annual Cost to Insure

SIENNA
SIENNA
What type of Coverage do Sienna Owners Choose?
Model Legend
$774

Average Annual Cost to Insure

HIGHLANDER
HIGHLANDER
What type of Coverage do Highlander Owners Choose?
Model Legend
$781

Average Annual Cost to Insure

YARIS
YARIS
What type of Coverage do Yaris Owners Choose?
Model Legend
$667

Average Annual Cost to Insure

TUNDRA
TUNDRA
What type of Coverage do Tundra Owners Choose?
Model Legend
$1,577

Average Annual Cost to Insure

AVALON
AVALON
What type of Coverage do Avalon Owners Choose?
Model Legend
$750

Average Annual Cost to Insure

MATRIX
MATRIX
What type of Coverage do Matrix Owners Choose?
Model Legend
$912

Average Annual Cost to Insure

CELICA
CELICA
What type of Coverage do Celica Owners Choose?
Model Legend
$2,312

Average Annual Cost to Insure

SEQUOIA
SEQUOIA
What type of Coverage do Sequoia Owners Choose?
Model Legend
$844

Average Annual Cost to Insure

PICKUP
Sorry, No Model Image
What type of Coverage do Pickup Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

TERCEL
Sorry, No Model Image
What type of Coverage do Tercel Owners Choose?
Model Legend
$400

Average Annual Cost to Insure

ECHO
ECHO
What type of Coverage do Echo Owners Choose?
Model Legend
$633

Average Annual Cost to Insure

FJ CRUISER
FJ CRUISER
What type of Coverage do Fj Cruiser Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

VENZA
VENZA
What type of Coverage do Venza Owners Choose?
Model Legend
$875

Average Annual Cost to Insure

LAND CRUISER
LAND CRUISER
What type of Coverage do Land Cruiser Owners Choose?
Model Legend
$300

Average Annual Cost to Insure

MR2
Sorry, No Model Image
What type of Coverage do Mr2 Owners Choose?
Model Legend
$600

Average Annual Cost to Insure

PASEO
Sorry, No Model Image
What type of Coverage do Paseo Owners Choose?
Sorry, We have no data for this model. Model Legend
N/A

Average Annual Cost to Insure

PREVIA
PREVIA
What type of Coverage do Previa Owners Choose?
Model Legend
$465

Average Annual Cost to Insure

SUPRA
SUPRA
What type of Coverage do Supra Owners Choose?
Model Legend
$800

Average Annual Cost to Insure

T100
Sorry, No Model Image
What type of Coverage do T100 Owners Choose?
Model Legend
N/A

Average Annual Cost to Insure

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Toyota's Rise to Prominence

The name comes from its founder, Kiichiro Toyoda, who started working on developing his first vehicle in the early 1930s. The first prototype debuted in the year 1935, which is the same year that the Toyota Motor Corporation came into existence. The business hit the ground running. During the 1940s, many different models were produced, and a pickup truck debuted as well. The first vehicles arrived on U.S. shores near the end of the 1950s. The small, fuel-efficient designs of many Toyota vehicles made them extremely popular during the fuel-strapped 1970s. The auto manufacturer rose to exceptional prominence in the U.S. during the 1980s and never looked back.

Impeccable Safety Ratings Bring Down Insurance Prices

One thing that mitigates the slightly higher price tags of most Toyotas is an impeccable reputation for safety. Most of their cars earn very high marks in crash tests. The Insurance Institute for Highway Safety, or IIHS, has awarded the Prius with across-the-board scores of "Good," which is the top possible rating. The same thing can be said for the Highlander and the Camry, which are both extremely popular. Insurance companies like safe cars and tend to give them lower premiums, which largely explains how affordable it is to insure a Toyota.

Customer Statistics

Top 5 Insurance Companies

Coverage Type

  • Geico
    10%
  • State Farm
    8%
  • Allstate
    7%
  • Progressive
    7%
  • AAA
    3%

Male Vs. Female (percent)

Average Age (years)

51 Female
49 Male
43

Credit Score

Education

Important Factors

  • Price
    51%
  • Coverage options
    32%
  • Customer service
    12%
  • You don't care, you just need car insurance
    6%

High Rates of Theft May Bring Up Insurance Costs

Although these vehicles are cheap to insure, they'd be even cheaper still if they weren't popularly targeted by car thieves. The National Insurance Crime Bureau, or NICB, ranked the Toyota Camry in first place on its list of the top 100 most stolen vehicles in the U.S. That list was from 2002, however. The list of the top ten most stolen vehicles, from 2010, ranks the 1991 Camry in third place. Luckily, the other factors help to balance out the cost to insure these vehicles.

Relatively Affordable MSRPs Help Keep Costs Low

Toyota cars are not expensive; there are just usually other cars in any given segment that are more affordable. The Camry, for instance, has a starting MSRP of around $22,000. The Highlander has a starting price of about $28,000. The popular Prius can be had for as little as $19,000. There are cheaper cars, but the solid reputation that the automaker enjoys justifies the extra expense for many people.

The typical cost to insure various popular Toyota cars is as follows:

  • Camry 4-Cylinder Sedan - $1,270.00
  • Highlander 6-Cylinder SUV - $1,227.00
  • Prius 4-Cylinder Hatchback - $1,341.00

Toyotas For Sale

Are you looking to purchase a Toyota vehicle and want to know how much it will cost to insure before the big purchase? Start by browsing our comprehensive vehicle inventory.

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