Toyota Auto Insurance (2024)

Toyota full coverage auto insurance costs $140 monthly on average, though you should always compare Toyota auto insurance quotes by model. For example, a Toyota Yaris costs about $129 monthly to insure, while Toyota Corolla car insurance costs $140.

This Toyota auto insurance review will help you compare Toyota insurance quotes and covers everything you need to know about Toyota car insurance coverage types, average rates, and ways to save.

Toyota Auto Insurance Coverage Types

Statistically, any given Toyota is incredibly likely to outlive its loan. Whether you finance for two years or six, chances are that when you pay off your vehicle, it’s just getting started. If you’re still making payments, you must carry full coverage Toyota auto insurance.

Full coverage auto insurance is a combination of three types of auto insurance:

• Liability: You must carry liability auto insurance coverage for Toyotas. When you cause an accident, this covers injury and property damage for the other party.
• Collision: Collision auto insurance pays for your damages if you get in an accident. If you’re making loan or lease payments, this is required. Otherwise, it’s optional.
• Comprehensive: Comprehensive auto insurance covers damage from non-collision-related events, like animal or weather damage. If you have a car loan or lease for your Toyota, you must carry this Toyota auto insurance coverage.

If you own a Toyota and don’t have a car payment, you should still consider carrying comprehensive and collision coverage. In today’s auto market, used Toyotas are scarce, and that’s been driving those prices higher and higher. Nobody plans to be marked at fault, so they call them car accidents. Be prepared for any outcome as best you can.

Beyond these two, other coverage selections are available worth considering. Below, we’ll show a few you should consider, even if you opt out.

Roadside Assistance

Roadside assistance coverage is a little more important than you think. If you’re the proud owner of a Camry or Corolla, a quick Google search will show you that your vehicle tends to be on the top 10 most stolen lists pretty much everywhere. Roadside assistance covers you for car breakdowns, flat tires, and fuel delivery.

Uninsured/Underinsured Motorist Coverage

If you ride around in a new Avalon or 4Runner, you may find that most states don’t mandate other drivers to carry enough property damage liability auto insurance to replace your vehicle. In fact, sometimes the car can cost over double the state minimum, with little hope of recourse.

Uninsured/underinsured motorist coverage steps in under these types of occurrences. If you’re driving a $50,000 vehicle in a state which only requires $25,000 in property damage liability, then underinsured coverage is worth the extra cost. Find the best underinsured motorist (UIM) coverage auto insurance companies.

Rental Car Reimbursement

Rental car reimbursement coverage has become more helpful in recent times. Repairs nowadays are booked several weeks out and take much longer than usual once underway. Having an insurer help you secure a rental can feel like a lifesaver. If the other party is at fault, but you’re filing the Toyota auto insurance claim through your insurer, you’ll still need this coverage to secure your rental.

If you’ve paid off your vehicle and all you’re looking for is the cheapest coverage available, you can ignore the list above, minus the liability. It’s OK if you understand the risk you’re taking on and you’re comfortable with it.

Compare Toyota Auto Insurance Quotes by Model

You must have two things to obtain a Toyota auto insurance quote: a driver’s license and a vehicle you intend to operate. Toyota car insurance cost revolves around those two factors: you and your vehicle. We’ll talk about the vehicle first, and then we’ll come back to you.

We’re all taught not to judge a book by its cover, but that’s exactly what risk-based pricing does — it judges you. One method of judgment your insurer will use is that of your chosen transportation. What you drive tells them a lot about how you drive. Check out the table below to compare Toyota insurance quotes by model and coverage type:

Average Monthly Toyota Auto Insurance Rates by Model and Coverage Type

Remember, though, as helpful as it’s to know those averages, none of us actually represent the average. As said, the vehicle you drive is only one measure — the rest follows you. Age, location, driving habits, credit score, and driving record all impact your Toyota auto insurance rates.

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— AutoInsurance.org (@AutoInsurance) May 4, 2023

Even still, every company sees you a little differently because they all have their own parameters, statistics, and algorithm. If you shop around for several Toyota auto insurance quotes, you’ll find different figures. While this can be frustrating, it can help you save.

Learn how to compare auto insurance quotes.

Ways to Save on Toyota Auto Insurance Rates

What are some of the ways you can save on auto insurance for a Toyota? The most common types of auto insurance discounts you can get are for:

• Bundling your insurance policies. If you own a home, you can bundle your insurance policies to save on Toyota auto insurance rates. If you own multiple cars, quote them with the same carrier. The same goes for life insurance, renters, and plenty more.
• Usage-based auto insurance: Consider usage-based auto insurance for lower Toyota insurance rates. Most insurance carriers these days offer the chance at hefty discounts for monitoring driving habits.
• Customer loyalty auto insurance discount: Your insurance company might lower your Toyota car insurance cost with a customer loyalty auto insurance discount if you stay with the company for a period.
• Insure a cheaper model. You’ll get lower Toyota car insurance quotes if you insure a cheaper Toyota model. For instance, Toyota Corolla auto insurance costs $140, whereas a Toyota Land Cruiser is $174.

As you can see, there are many ways to find cheap auto insurance for your Toyota.

Finding the Best Toyota Auto Insurance Rates

You should shop around with different companies to find the best auto insurance for Toyotas. However, your state sets Toyota auto insurance requirements, so rates vary by location.

Further, most companies offer the same coverage, auto insurance discounts — by a different name — and fairly similar pricing. Sometimes gathering Toyota insurance quotes means that choosing one reputable company over another only means the difference of a couple of bucks each month.