Updated: October 25, 2024
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Insurance costs for a Toyota can change significantly based on the actual model of your car. The Toyota 86 is the most expensive model to insure, at an average cost of $1,629 per year. The Toyota Sienna is the cheapest Toyota car to insure, with an average annual premium of $1,126.
MoneyGeek evaluated insurance costs for all major Toyota models to help drivers find the most affordable car insurance providers for their vehicles.
How much does it cost to insure a Toyota? Premiums largely depend on the model rather than the make. Below is a list of the major Toyota models and their average insurance costs from least to most expensive.
Some models may cost more to insure than others for many reasons. For instance, having a high manufacturer's suggested retail price (MSRP), expensive repair costs or high horsepower can lead to more costly premiums.
Model | Average Annual Premium |
|---|---|
$1,629 | |
$1,276 | |
$1,273 | |
$1,237 | |
$1,200 | |
$1,181 | |
$1,181 | |
$1,129 | |
$1,126 |
Generally, Toyotas are cheap to insure, but rates can still vary based on the model. In MoneyGeek’s analysis of Toyota’s nine major models, the Toyota 86 is the only model considered expensive to insure; the rest are inexpensive.
Out of the nine Toyota models MoneyGeek analyzed, the Toyota Sienna is the cheapest to insure because of its low value. Because lower value cars are easier to repair and replace, insurers can charge less for coverage.
In contrast, Toyota’s most expensive model to insure is the Toyota 86 because it’s a sports car. Drivers who own sports cars are seen as more likely to engage in risky behavior, which is why insurers raise premiums.
The Toyota 86 costs an average of $1,629 per year to insure. Among the nine Toyota models MoneyGeek evaluated, it has the highest average insurance premiums and is generally an expensive vehicle to insure.
GEICO offers the cheapest policies for the Toyota 86 at an average of $1,261 annually. Allstate has the most expensive coverage at $2,251 per year.
Company | Average Annual Premium |
|---|---|
$1,184 | |
$1,261 | |
$1,445 | |
$1,685 | |
$1,703 | |
Allied | $2,178 |
$2,251 |
While MoneyGeek provided an average insurance rate for Toyota 86s, keep in mind that premiums can still vary. Insurers determine your rates based on various factors, including your age, driving record, desired coverage level, model year, and more.
For a Toyota Camry, insurance costs an average of $1,276 per year across all model years. This model is the second most expensive among the nine Toyota models MoneyGeek included in this analysis. Nonetheless, it is considered inexpensive compared to all the other car models and makes.
GEICO offers the cheapest policy for the Toyota Camry at an average annual rate of $1,080, while Allied provides the most expensive coverage at $1,575.
Company | Average Annual Premium |
|---|---|
$1,070 | |
$1,080 | |
$1,227 | |
$1,316 | |
$1,356 | |
$1,532 | |
Allied | $1,575 |
Several factors can influence insurance premiums for a Toyota Camry. Since auto insurers also consider your model year, driver characteristics and the type of coverage you need, MoneyGeek's average may differ from the quote you receive from your insurer.
Insurance prices for the Toyota Corolla are relatively low compared to other brands and models, costing an average of $1,273 per year. However, this vehicle is the third most expensive model out of the nine Toyota models analyzed by MoneyGeek.
GEICO has the most affordable auto insurance premiums for the Toyota Corolla at an average of $1,025 per year. On the other hand, Allied has the most expensive policies at an average cost of $1,709.
Company | Average Annual Premium |
|---|---|
$989 | |
$1,025 | |
$1,236 | |
$1,260 | |
$1,440 | |
$1,591 | |
Allied | $1,709 |
The cost of car insurance for a Toyota Corolla varies depending on several variables. For example, insurers base your rates on your age, driving history, model year and coverage level.
The average annual cost of auto insurance for the Toyota Prius is $1,237. This model is ranked fourth in terms of insurance costs among the Toyota models in this analysis and is deemed affordable compared to models from other manufacturers.
GEICO has the cheapest vehicle insurance for Toyota Prius drivers, with an average yearly cost of $991. Allstate, on the other hand, is the most expensive insurer. Their annual insurance premiums cost $1,522.
Company | Average Annual Premium |
|---|---|
$991 | |
$1,051 | |
$1,221 | |
$1,274 | |
$1,308 | |
Allied | $1,479 |
$1,522 |
Note that car insurance premiums for a Toyota Prius can vary depending on several criteria, including your age, your car's model year and the type of coverage you want.
Out of the nine Toyota vehicles MoneyGeek examined, the Toyota Tundra ranked fifth in insurance costs, with annual premiums averaging $1,200. Compared to other brands and models, this is still considered inexpensive.
The cheapest insurer for this model is GEICO, with annual insurance costing an average of $1,031. On the other side of the spectrum is Allied, whose policies are the most expensive at an average of $1,455.
Company | Average Annual Premium |
|---|---|
$1,031 | |
$1,033 | |
$1,199 | |
$1,201 | |
$1,283 | |
$1,390 | |
Allied | $1,455 |
Although MoneyGeek provided an average rate, quotes for Toyota Tundras may vary depending on your car's model year, how much coverage you want and other factors.
The average insurance cost for a Toyota RAV4 is $1,181 per year. Out of the nine most popular Toyota models analyzed by MoneyGeek, this model ranked sixth in insurance costs. It has a relatively inexpensive average premium compared to other makes and models.
GEICO is the most affordable auto insurance provider for the Toyota RAV4, costing $945 per year on average. In contrast, Allied is the most expensive insurer for Toyota RAV4 owners, with an average annual premium of $1,527.
Company | Average Annual Premium |
|---|---|
$945 | |
$1,020 | |
$1,127 | |
$1,203 | |
$1,318 | |
$1,391 | |
Allied | $1,527 |
Insuring a Toyota RAV4 can cost more or less than MoneyGeek’s average, depending on the model year, the type of coverage and your driver characteristics.
On average, Toyota Tacoma owners pay $1,181 per year for car insurance. This model ranks sixth in terms of insurance expense among the nine Toyota models MoneyGeek evaluated and is considered inexpensive compared to models from other brands.
For the Toyota Tacoma, GEICO offers the cheapest policies at $976 per year on average. Allied has the most expensive policies at an annual cost of $1,455.
Company | Average Annual Premium |
|---|---|
$976 | |
$1,017 | |
$1,132 | |
$1,199 | |
$1,273 | |
$1,411 | |
Allied | $1,455 |
While MoneyGeek provided an average, the actual cost of car insurance for a Toyota Tacoma depends on factors such as the model year of the car, your age, and how much coverage you select.
The average insurance cost of a Toyota Highlander is $1,129 per year across all model years, which is considered cheap compared to other car makes and models. This model also ranks eighth out of nine Toyota models in insurance expense.
GEICO offers the most affordable coverage for the Toyota Highlander at an average of $993 a year. Allied has the highest rates at an average of $1,336.
Company | Average Annual Premium |
|---|---|
$979 | |
$993 | |
$1,054 | |
$1,156 | |
$1,214 | |
$1,319 | |
Allied | $1,336 |
Auto insurance rates can vary depending on the model year of the Toyota Highlander, the driver and coverage level.
Toyota Sienna drivers pay an average of $1,126 per year in insurance premiums, considered inexpensive compared to other brands and models. Among the nine Toyota models evaluated by MoneyGeek, this model is the least expensive.
The most affordable insurer for this model is GEICO, at an average of $973 annually. In contrast, Allied has the most expensive premiums at $1,367 per year on average.
Company | Average Annual Premium |
|---|---|
$973 | |
$1,019 | |
$1,022 | |
$1,170 | |
$1,196 | |
$1,289 | |
Allied | $1,367 |
Car insurance costs for a Toyota Sienna can vary based on your age, coverage level and vehicle model year.
Drivers often wonder how much rates for Toyotas can vary based on their model. Review the answers to some of the most commonly asked questions below to learn more about the cost of auto insurance for Toyotas.
On average, Toyotas cost $1,226 per year to insure. However, this price can vary widely depending on the specific model of Toyota you own.
The Toyota 86 is the most expensive Toyota model to insure. For this vehicle, premiums average $1,629 per year.
The most affordable Toyota model to insure is the Toyota Sienna, with premiums averaging $1,126 annually.
MoneyGeek collected information about insurance provider rates for Toyotas using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:
Rates represent averages and can guide what prices to expect but likely won’t match your specific rates.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
