Toyota's monthly insurance costs are $47 for state minimum coverage and $119 for full coverage. In our study, Toyota ranks 12th for state minimum affordability and 8th for full coverage. This places Toyota as a moderately affordable option for drivers seeking insurance.
Toyota Car Insurance
Updated: June 18, 2025
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Key Takeaways
State Farm and GEICO offer the best and cheapest overall car insurance for Toyota vehicles with rates starting at $36 monthly.
Toyota auto insurance costs range from $399 to $3,365 annually for most drivers, but this can depend on various factors like age, model and coverage type chosen.
Toyota car insurance is generally less expensive than most top automotive brands, ranking 8th for full coverage and 12th for minimum coverage.
How Much Is Toyota Insurance on Average?
Coverage Level | Average Monthly Rate | Average Annual Rate | Affordability Ranking (Out of 23) |
|---|---|---|---|
Minimum Coverage | $47 | $569 | 12th |
Full Coverage | $119 | $1,429 | 8th |
*Rates are for a 40-year-old driver with good credit and no driving violations insuring 2012 to 2022 models for models referenced on this page.
Toyota Car Insurance Cost by Model
The most expensive model from Toyota that we found in our study was the Toyota 86, costing $54 for minimum coverage and $145 for full coverage monthly. We found the least expensive overall is the Toyota Prius, with average monthly rates of $50 for minimum coverage and $114 for full coverage.
| Toyota Tundra | $637 | $1,395 |
| Toyota RAV4 | $625 | $1,293 |
| Toyota 86 | $653 | $1,774 |
| Toyota Highlander | $622 | $1,287 |
| Toyota Camry | $635 | $1,388 |
| Toyota Prius | $607 | $1,360 |
| Toyota Tacoma | $614 | $1,257 |
| Toyota Corolla | $658 | $1,403 |
| Toyota Sienna | $594 | $1,291 |
*Rates are for a 40-year-old driver with good credit and no driving violations for model years ranging from 2012 to 2022.
Toyota Car Insurance Cost by Model Year
Typically, we find that the pricier and newer your car is, the higher your insurance bill, and the older and less costly, the lower. Below, compare insurance costs for your Toyota by model and year.
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toyota_model:Toyota Camry
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model_year:2009
| Toyota Camry | 2009 | $665 | $1,244 |
*Rates are for a 40-year-old driver with good credit and no driving violations.
Toyota Car Insurance Cost by Age
Teens usually pay the most for car insurance, but prices drop until you're around 60. Then, they increase again. Toyota insurance can cost from $581 to $6,157 each year, depending on your age and if you choose minimum or full coverage. Below is a table showing how age changes what you pay for Toyota insurance.
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Age:16
| 16 | $3,020 | $6,157 |
Rates are for a driver with good credit and no driving violations.
Is Toyota Insurance Expensive?
Toyota's insurance costs are generally on par with other automakers, influenced by average vehicle values and repair expenses. However, in terms of safety, Toyota drivers ranked lower in the recent LendingTree study, which may affect insurance rates as providers consider driver safety records.
How Expensive Is Toyota Insurance Compared to Similar Vehicles?
We've compared Toyota below to similar vehicles in terms of MSRP, using a 2024 Toyota Tundra for reference. We found that overall, Toyota is on the higher side for insurance both full coverage and state minimum. In the table below, you can see the full comparison:
Make and Model | Average MSRP | Annual Minimum Coverage Rate | Annual Full Coverage Rate |
|---|---|---|---|
Toyota Tundra | $53,158 | $625 | $1,592 |
Ford F-150 | $61,778 | $614 | $1,409 |
Ram 2500 | $63,380 | $662 | $1,616 |
Jeep Gladiator | $52,340 | $621 | $1,525 |
Cheapest Toyota Car Insurance Companies
The cheapest overall car insurance company for Toyota vehicles is State Farm, with average monthly rates of $36 for minimum coverage and $144 for full coverage. Following close behind are GEICO, Travelers, Nationwide, and Allstate as affordable choices.
| State Farm | $36 | $91 |
| GEICO | $38 | $94 |
| Travelers | $44 | $111 |
| Nationwide | $47 | $112 |
| Allstate | $52 | $119 |
Cheapest Car Insurance by Model
While the above companies offer affordable rates, State Farm provides the cheapest minimum coverage for the Toyota Camry. For the Corolla, Progressive comes in as the most budget-friendly option.
| Toyota 86 | GEICO | $35 | $109 |
| Toyota Camry | State Farm | $35 | $90 |
| Toyota Corolla | State Farm | $37 | $91 |
| Toyota Highlander | State Farm | $34 | $87 |
| Toyota Prius | State Farm | $35 | $91 |
| Toyota RAV4 | State Farm | $36 | $88 |
| Toyota Sienna | State Farm | $35 | $91 |
| Toyota Tacoma | State Farm | $36 | $86 |
| Toyota Tundra | State Farm | $36 | $96 |
Cheapest Toyota Car Insurance by Model Year
Check the table below for the most affordable Toyota car insurance tailored to your model and year.
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Model:Toyota Camry
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Model Year:2009
| State Farm | $411 | $916 |
| GEICO | $513 | $1,067 |
| Nationwide | $597 | $1,273 |
| Allstate | $659 | $1,259 |
| Travelers | $619 | $1,319 |
Cheapest Toyota Car Insurance by Age
The lowest overall Toyota insurance rates span from $56 per month to $569 monthly, offered by State Farm. Below, you'll find the top five most affordable providers broken down by different ages for Toyota vehicles.
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Age:40
| State Farm | $481 | $1,094 |
| GEICO | $506 | $1,123 |
| Travelers | $601 | $1,327 |
| Nationwide | $675 | $1,349 |
| Allstate | $686 | $1,428 |
Best Car Insurance for Toyota Vehicles
From our research, we found that the best overall companies to insure your Toyota with are State Farm, GEICO, Travelers, Nationwide, and Allstate. Each company has a great mix of low rates, extensive coverage options, and good customer service reputations.
| State Farm | 90 |
| GEICO | 89 |
| Travelers | 86 |
| Nationwide | 84 |
| Allstate | 82 |
State Farm: Best for Most Toyota Drivers
pros
High customer satisfaction ratings
Lowest rates for most Toyota drivers
Extensive discounts for young drivers
cons
Limited coverage add-ons
COMPANY HIGHLIGHTS
State Farm takes the top spot in our study of Toyota insurance providers due to its strong blend of pricing and customer service. It's the cheapest provider for almost every model we researched, and the cheapest provider overall for Toyota drivers. State Farm also stands out due to its above-average customer service and claims satisfaction, ranking sixth overall for claims satisfaction according to J.D. Power. They also offer particularly attractive discounts for drivers under 25, with reductions for students and a defensive driving program that can save you up to 20%.
GEICO: Best for Young Toyota Drivers
pros
Most affordable rates for young adult Toyota drivers
Great customer satisfaction ratings in the North East and for their Usage-based program
Most extensive discount selection, especially for federal employees and military
cons
Lower than average customer service ratings nationwide
Expensive rates for certain Toyota models
COMPANY HIGHLIGHTS
While State Farm was the most affordable for most Toyota Drivers, GEICO is the cheapest for young drivers, with the lowest rates for 20, 21, 22 and 23 year-olds. Out of all of the providers on our list, GEICO also offers the most extensive discount selections with unique premium reductions for federal employees, military, and younger drivers that can save you up to 25%.
Nationwide: Best Car Insurance Coverage Options for Toyota Owners
pros
Offers a pay-per-mile program and unique add-on coverages
Low cost full coverage policies for Toyota vehicles
Highest-rated usage-based discount program in the country
cons
Expensive minimum coverage policies
Much lower than average customer satisfaction nationwide
COMPANY HIGHLIGHTS
Nationwide is the third-cheapest overall provider in our study, with some of the lowest full-coverage rates for Toyotas. Its innovative SmartMiles pay-per-mile insurance program is perfect for Toyota owners who don't drive frequently. Nationwide also offers its unique Better Car Replacement coverage, which upgrades you to a newer model Toyota with similar features if your vehicle is declared a total loss. Additionally, Nationwide's SmartRide usage-based program has earned top marks from J.D. Power for customer satisfaction, offering Toyota drivers potential savings of up to 40%.
How to Find the Best Cheap Car Insurance Company for Your Toyota
Discover affordable Toyota insurance with our straightforward tips to protect your car without breaking the bank.
- 1
Assess your needs
First, find the insurance coverage suitable for you, your comfort level with deductibles, and any optional coverages that could save costs in an accident. Use tools like our car insurance coverage needs calculator to receive tailored advice and explore your options.
- 2
Research average costs and discounts
Explore the average cost of insurance for your car to understand the savings you enjoy when comparing different provider quotes. This insight will highlight the value of your deal. Additionally, investigate available discounts tailored to your Toyota.
- 3
Compare multiple providers
Collect quotes from several providers looking at coverage, deductibles, and limits. This approach helps you assess the value accurately. Check into different companies' reputations, discount programs, and coverage options to determine which might be the best fit for your insurance needs.
- 4
Consider Toyota's insurance program
Explore Toyota's InsuranceOne program, which leverages telematics technology to assess your driving behavior and potentially offer more personalized rates based on your driving patterns. Several Toyota owners have reported competitive premiums through this usage-based approach.
Toyota Auto Insurance Cost: Bottom Line
Toyota insurance rates for full coverage are in the more affordable range, ranking 8th among 23 automakers. State minimum coverage is even more budget-friendly, ranking 12th. For the best rates, it's wise to compare quotes from various providers.
Toyota Car Insurance: FAQ
Below are MoneyGeek expert answers to frequently asked questions about Toyota car insurance.
Which insurance company is the cheapest for Toyota?
State Farm offers the most affordable minimum coverage rate for Toyota car insurance. Close behind are GEICO and Travelers.
How much is Toyota car insurance?
For a Toyota, the average monthly cost for full coverage car insurance is $119, while annual premiums average $1,429. State minimum coverage averages $47 monthly, and the annual cost is about $569. These rates may differ depending on your specific Toyota model, driving history, and chosen coverage level.
Is car insurance on a Toyota more expensive?
No, car insurance on a Toyota is not typically more expensive. Toyota vehicles are known for their reliability and lower repair costs, making them more cost-effective to insure than luxury or specialty brands.
Which Toyota model is the cheapest to insure?
Overall, the Toyota Prius (2017 model) is the cheapest Toyota model to insure due to its lower value and repair costs. While the economical premium is attractive, make sure the insurance provides complete financial protection against significant losses.
How We Determined Toyota Auto Insurance Costs
We calculated Toyota insurance costs using data from Quadrant Information Services. Rates are based on the following driver profile:
- 40-years-old
- Good credit
- No driving violations
- 12,000 miles driven annually
Coverages used for minimum coverage are based on state requirements. Full coverage includes a 100/300/100 liability insurance split and comprehensive and collision coverage with a $1,000 deductible.
How We Chose Best and Cheapest Car Insurance for Toyotas
To calculate the best car insurance for Toyota vehicles, MoneyGeek used a comprehensive scoring system based on five key factors:
- Customer satisfaction (35%): Measured using J.D. Power's study and the National Association of Insurance Commissioners (NAIC) complaint index
- Affordability (30%): Assessed by comparing rates from Quadrant Information Services
- Claims (20%): Evaluated through the J.D. Power Claims Study and CRASH Report Card
- Coverage (10%): Focused on roadside assistance, rental car reimbursement, OEM coverage and gap insurance
- Stability (5%): Determined by AM Best ratings on financial health
Data Sources
- AM Best: Financial strength ratings for insurers
- J.D. Power: Industry research and analytics
- NAIC: Consumer complaint and insurance data
- Quadrant Information Services: Car insurance pricing and comparative data
Analysis
MoneyGeek reviewed 80,676 quotes from seven companies using a standard driver profile (male, 40 years old, single, clean record) while adjusting for age, location and driving history.
Coverage Levels and Deductibles
- Minimum coverage: Covers damage to other's property
- Full coverage: Includes comprehensive (e.g., fire, weather) and collision (e.g., accidents) insurance
- Deductibles: Out-of-pocket costs before insurance payment starts
The term 100/300/100 means:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability
Learn more about MoneyGeek's methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- LendingTree. "Tesla, Ram, Subaru Have Worst Drivers, While Mercury, Pontiac, Cadillac Have Best." Accessed June 18, 2025.