Insurance rates will differ based on the driver's age. The average annual policy cost for a 16-year-old insuring a 2009 Toyota RAV4 is $5,500, but a 40-year-old only pays an average of $1,191 for the same model.
Similarly, a 16-year-old insuring a 2022 Toyota RAV4 will pay an average of $6,365 per year for a policy, while the insurance cost for a 40-year-old driver will be an average of $1,417 per year. MoneyGeek also scored insurers that offer the best coverage with a balance between affordability, service and claims experience.
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Average Cost and Cheapest Companies for Insuring a Toyota RAV4
The average cost of insuring a Toyota RAV4 is $1,334 annually, but the company you buy your policy from can affect how much you pay. State Farm provides the cheapest car insurance for this model, charging an average of $1,060 per year. Farmers is the most expensive insurer, with a policy costing an average of $1,561 annually.
State Farm is also the cheapest minimum coverage policy provider, charging an average of $484 annually. Farmers charges $765 annually for a policy, making it the most expensive provider.
Is a Toyota RAV4 Expensive to Insure?
Many factors affect the cost of car insurance for a given make and model. The Toyota RAV4 is cheaper to insure than many other vehicles due in large part to its low MSRP, low horsepower and minimal theft rate.
Best Companies for Insuring a Toyota RAV4
Before finalizing a provider, MoneyGeek recommends considering various factors besides policy cost. The best Toyota RAV4 insurance provider will offer you a smooth claims experience and great service. The following insurers offer the best car insurance for a Toyota RAV4:
- State Farm: MoneyGeek score of 90 out of 100 ($1,060 per year)
- GEICO: MoneyGeek score of 90 out of 100 ($1,071 per year)
State Farm had the highest score for affordability and the second-highest score for customer satisfaction.
MoneyGeek Top Pick: State Farm
Ranks #1 for affordability out of seven insurers
Ranks #2 for customer satisfaction
Offers rental car reimbursement and roadside assistance
Poor ranking for claims management
Does not offer many coverage options
Toyota RAV4 owners looking for unique coverage options might be disappointed by State Farm, but the company offers the most affordable rates and scores well for customer satisfaction. It provides common coverages like rental car reimbursement and roadside assistance.
If the Toyota RAV4 breaks down, State Farm’s roadside assistance coverage will help you get back on the road and pay for mechanical labor, locksmith labor, towing and oil, gas and battery delivery. The rental car reimbursement coverage will help you cover the cost of a rental vehicle while your car is being repaired after an accident. It can pay for travel and transportation expenses, meals, lodging and deductible repayment in case you cause an accident.
MoneyGeek Runner-Up: GEICO
Ranks #2 for affordability
Ranks #3 for customer satisfaction
Offers mechanical breakdown insurance and accident forgiveness
Doesn’t rank well for claims management
Doesn’t offer several common coverages
GEICO is another suitable option for insuring a Toyota RAV4. The company’s policy cost is slightly higher than State Farm, but it ranks well for customer satisfaction and provides various coverage options — including mechanical breakdown insurance, accident forgiveness and other common coverages.
Mechanical breakdown insurance can help you fix any mechanical problem in your car. This coverage is better than a typical dealer extended warranty because it covers all systems and parts of your vehicle. The insurer also usually offers this coverage at a lower cost than the dealer’s warranty.
With accident forgiveness coverage, your insurance premium won’t increase after an at-fault accident. Drivers over 21 and those who have been accident-free for five years will earn this coverage, while others will need to purchase it as an add-on.
Cost of Insuring a Toyota RAV4 by Model Year
Insurance companies charge an average of $1,191 annually to insure a 2009 Toyota RAV4, while the average cost of car insurance for a 2022 model is $1,417. You will generally pay higher insurance rates for a newer model than an older one because of the depreciation of the vehicle’s value.
Besides model year, rates will also vary based on your chosen insurer. State Farm charges the lowest to insure a 2009 Toyota RAV4 at an average of $915 annually. But the cheapest company for a 2022 model is GEICO, charging an average of $1,144 annually.
Cost of Insuring a Toyota RAV4 for 16- to 25-Year-Olds
If you’re in your teens or 20s, your car insurance rates will likely be higher than rates for those in their 30s. The average annual cost of Toyota RAV4 insurance for a 16-year-old is $5,900, while a 40-year-old pays an average of $1,293 per year. Find affordable teen car insurance by shopping around and comparing rates.
The cost of teen car insurance can be significantly lower if parents include them on a family plan, as insurers generally charge higher rates for teens on individual plans.
State Farm is the cheapest insurer for a 16-year-old driver looking to insure a Toyota RAV4, charging an average of $3,800 annually. Farmers charges the highest rates for the same model, with a policy cost averaging $8,820 per year. Compare rates and shop around to find the cheapest insurer.
How Does Location Affect the Cost of Toyota RAV4 Insurance?
The annual cost of car insurance for a Toyota RAV4 will depend on your model type, year and driver age — but your location will also significantly matter.
Your cheapest car insurance option may vary based on your location. Idaho has the most affordable rates for car insurance, while Florida has the highest. We recommend getting quotes from several of the cheapest insurers when shopping for a policy for a Toyota RAV4.
Frequently Asked Questions About Toyota RAV4 Insurance
Drivers looking to insure a Toyota RAV4 often have policy cost and service quality concerns. MoneyGeek researched these frequently asked questions to provide more information.
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