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Compare the Cost of Toyota Prius Insurance by Model Year and Company
MoneyGeek found that, on average, insurance rates for a Toyota Prius cost $1,237 per year. This is lower than the average car model, making it inexpensive to insure. Premiums can vary depending on several factors, such as your chosen car insurance company and the model year of your car.
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Last Updated: 5/18/2022
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Mark Fitzpatrick
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When deciding where to purchase insurance for your Toyota Prius, it’s always best to gather quotes from multiple insurers. Comparing quotes can help you get the best deals since different insurers will have different rates for the same car. Depending on your car’s model year, costs may differ by company.
Key Takeaways for Toyota Prius Insurance
You’ll spend an average of $1,237 annually to insure a Toyota Prius. It’s roughly $190 lower than the average cost of insurance across all car models.
Car insurance companies offer varying rates, which makes shopping around a good idea. For the Toyota Prius, prices can change by as much as $531 per year depending on the company.
The cost of insurance for a Toyota Prius can differ by as much as $365 per year depending on the age of your car, with older models having lower premiums.
How Much It Costs to Insure a Toyota Prius and the Cheapest Company
Your choice of insurer can significantly affect the cost of insurance for a Toyota Prius. On average, you pay $1,237 per year for coverage.
Premiums can vary by as much as $531 between car insurance companies. GEICO offers the cheapest car insurance for a Toyota Prius at $991 per year on average. Allstate offers the most expensive policy at an average annual premium of $1,522.
The Average Annual Cost of Toyota Prius Insurance by Company
MoneyGeek used a sample driver profile to gather information about insurance provider rates. The driver is a 40-year-old male with 100/300/100 liability insurance plus collision and comprehensive coverage.
The Average Cost to Insure a Toyota Prius by Company
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- CompanyAverage Annual Rates
- 1.$991
- 2.$1,051
- 3.$1,221
- 4.$1,274
- 5.$1,308
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Is a Toyota Prius Expensive to Insure?
Car insurance companies use various factors to determine the cost of car insurance for a given car model. Expensive cars and those more likely to be stolen are often given higher premiums.
It is relatively inexpensive to insure a Toyota Prius for a couple of reasons. First, it is an inexpensive car model, which means it is not as costly to repair. Additionally, a Toyota Prius also has low horsepower, which means it is less likely to get into major accidents.
The Best Car Insurance Company for a Toyota Prius
While price is important, it should not be your only consideration when comparing car insurance policies for your Toyota Prius.
MoneyGeek's rating system, which considers factors like customer complaints, financial stability and user experience, found that:
- USAA is the best car insurance company for a Toyota Prius. However, it is only available for military members and their families.
- GEICO is the second-best and most widely available insurance company for a Toyota Prius.
1
USAA
Score:96
2
GEICO
Score:89.5
3
State Farm
Score:81.5
4
Nationwide
Score:77.9
5
Progressive
Score:77.8
6
Allied
Score:NaN
7
Allstate
Score:69
How Much It Costs to Insure a Toyota Prius by Model Year
The older your Toyota Prius is, the less it costs to insure. This is because as a car’s value depreciates, coverages such as comprehensive and collision insurance also become cheaper.
A 2005 Toyota Prius costs an average of $1,067 per year to insure. In comparison, a 2020 Toyota Prius costs an average of $1,432 annually. That’s an annual difference of roughly $365.
Here are the average costs of insurance for a Toyota Prius based on their model years:
- 2005 Toyota Prius: $1,067 per year
- 2010 Toyota Prius: $1,124 per year
- 2016 Toyota Prius: $1,325 per year
- 2017 Toyota Prius: $1,354 per year
- 2018 Toyota Prius: $1,381 per year
- 2019 Toyota Prius: $1,398 per year
- 2020 Toyota Prius: $1,432 per year
For a 2020 Toyota Prius, GEICO is the most affordable at an average of $1,108 per year.
You can select your car’s model year to see how rates compare between insurers because the cheapest company can change depending on your car’s model year.
The Average Cost to Insure a Toyota Prius by Model Year
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- CompanyAverage Annual Rates (2020 model)Average Annual Rates (2019 model)Average Annual Rates (2018 model)Average Annual Rates (2017 model)Average Annual Rates (2016 model)Average Annual Rates (2010 model)Average Annual Rates (2005 model)
- 1.$1,108$1,091$1,083$1,069$1,055$935$868
- 2.$1,155$1,151$1,149$1,146$1,142$944$965
- 3.$1,474$1,422$1,395$1,353$1,308$1,114$987
- 4.$1,539$1,502$1,483$1,453$1,421$1,125$1,009
- 5.$1,353$1,381$1,396$1,418$1,443$1,240$1,198
How Expensive Is It to Insure a Toyota Prius Compared to Other Cars?
A Toyota Prius is inexpensive to insure. Compared to other car models, you’ll generally spend less on an insurance policy for this car. On average, the cost of insurance for a Toyota Prius is $1,237 per year, which is roughly $190 less than the average across all other car models.
How Much It Costs to Insure a Toyota Prius for 16- to 25-Year-Olds
Another major factor in determining insurance costs for the Toyota Prius is age. Given their inexperience, younger drivers could pay significantly more for car insurance.
An 18-year-old pays an average of $4,038 per year for a Toyota Prius, while a 40-year-old driver pays an average of $2,801 less annually for the same car.
To save money, parents and teens can share the same policy. It is almost always more costly for a teen to buy a policy for themselves.
Below are the costs of car insurance for drivers ages 16 to 25.
The Average Cost to Insure a Toyota Prius by Driver Age
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- AgeAverage Annual Rates
- 16$5,176
- 17$4,586
- 18$4,038
- 19$2,892
- 20$2,581
How Does Location Affect the Cost of Toyota Prius Insurance?
The rates presented in this article are based on a national average, but car insurance rates can change significantly depending on where you live. You can refer to our state page analysis to learn more about car insurance costs in individual states.
FAQs About Toyota Prius Insurance
The model of your car can have a significant impact on your car insurance policy rates, but it’s just one of the many factors insurers evaluate. To help you learn more, here are answers to some frequently asked questions about insuring a Toyota Prius.
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Methodology
MoneyGeek gathered thousands of full coverage car insurance rates for a Toyota Prius across all available model years. This scenario used the profile of a 40-year-old male driver buying a full coverage policy with the following coverages:
- $100,000 in bodily injury liability insurance per person
- $300,000 in bodily injury liability insurance per accident
- $100,000 in property damage liability insurance per accident
- Comprehensive and collision insurance with a $1,000 deductible
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