Toyota Car Insurance Cost for 2023

How much does Toyota insurance cost? We compare all models like the Camry, Corolla, RAV4 and Tacoma to see which models have the cheapest car insurance rates.

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As one of the largest auto manufacturers in the world, Toyota offers some of the most popular U.S. vehicles like the RAV4 compact SUV, the Tacoma midsize pickup, and the Camry, which is the most popular midsize car in America.

Incorporated in 1937, Toyota’s first product was the Type A engine along with it’s first car, the Toyota AA. Today, Toyota produces vehicles under five difference brands: Daihatsu, Hino, Lexus, Ranz, and of course, Toyota.

With a reputation for quality and economy, we wanted to see how Toyota stacks up against other automakers for average car insurance cost.

How much does Toyota insurance cost?

Average 2023 model year Toyota car insurance rates range from $1,592 a year for the Toyota Corolla Cross up to $2,190 per year for the Toyota Mirai. The average cost of insurance per year when averaged for all 2023 Toyota models is $1,783.

The average car insurance rate in America is $1,685 per year, which means the average cost to insure Toyota models is only $98 more than average per year.

Toyota produces a large number of different models, everything from the compact Corolla to the performance GR86 and GR Supra, to the powerful Tundra. The table below lists each model produced since the 2013 model year and the average annual and monthly insurance cost for each.

Average Insurance Cost for Toyota Vehicles
Model Annual Cost Monthly Cost
Toyota 4Runner$1,654$138
Toyota 86 2021 and prior model years$1,920$160
Toyota Avalon 2022 and prior model years$1,738$145
Toyota bz4X$1,716$143
Toyota C-HR 2022 and prior model years$1,368$114
Toyota Camry$1,678$140
Toyota Corolla$1,656$138
Toyota Corolla Cross$1,592$133
Toyota Crown$1,792$149
Toyota FJ Cruiser 2014 and prior model years$1,118$93
Toyota GR Corolla$2,004$167
Toyota GR Supra$2,010$168
Toyota GR86$2,034$170
Toyota Highlander$1,762$147
Toyota Land Cruiser 2021 and prior model years$2,068$172
Toyota Matrix 2013 and prior model years$924$77
Toyota Mirai$2,190$183
Toyota Prius$1,662$139
Toyota RAV4$1,634$136
Toyota Sequoia$1,826$152
Toyota Sienna$1,812$151
Toyota Supra 2021 and prior model years$1,842$154
Toyota Tacoma$1,614$135
Toyota Tundra$1,856$155
Toyota Venza$1,608$134
Toyota Yaris 2020 and prior model years$1,388$116
Toyota Yaris IA 2017 and prior model years$1,228$102

Is Toyota car insurance expensive?

When compared to its two primary competitors, Honda and Nissan, Toyota insurance rates are 10.1% more expensive per year than Honda and 3.1% more expensive than Nissan.

Mazda and Subaru are two other Japanese automakers, and when compared to those two brands, Toyota insurance is 11.1% more expensive per year than Mazda and 9.6% more expensive per year than Subaru.

Jumping over to the Korean peninsula give us Hyundai and Kia as competitors. Compared to those two automakers, Toyota insurance rates are 3.5% more expensive per year than Hyundai and 4.1% more expensive per year than Kia.

The chart below shows the entire comparison between Toyota and its Asian rivals and the average cost of car insurance for each.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average car insurance rates include all Toyota, Honda, Hyundai, Kia, Mazda, Nissan, and Subaru vehicles for the 2023 model year. Rated driver is a 40-year-old married male with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on April 14, 2023
Toyota Car Insurance Cost vs. Top Competitors

The next table has a more comprehensive comparison, as it compared Toyota not only to other Asian non-luxury brands, but also to U.S., Asian, German, and Swedish non-luxury and luxury brands.

Red values in the difference column mean that particular brand has more expensive average insurance rates than Toyota. If the value is green, the brand is cheaper to insure than Toyota.

Toyota Car Insurance Cost vs. Popular Automotive Brands
Automotive Brand Insurance Cost Difference
Toyota$1,783--
Acura$1,980$197
Audi$2,273$490
BMW$2,368$585
Cadillac$1,861$78
Chevrolet$1,751-$32
Ford$1,778-$5
Genesis$2,048$265
GMC$1,831$48
Honda$1,612-$171
Hyundai$1,722-$61
Infiniti$2,126$343
Jeep$1,912$129
Kia$1,712-$71
Lexus$2,012$229
Lincoln$1,926$143
Mazda$1,596-$187
Mercedes-Benz$2,416$633
Mitsubishi$1,785$2
Nissan$1,729-$54
Ram$1,950$167
Subaru$1,619-$164
Tesla$2,166$383
Volkswagen$1,646-$137
Volvo$1,879$96

Get Rates in Your AreaWhy is this important?

Table Data Details: Average car insurance cost for each automotive brand assumes a clean driving record and no at-fault accidents for a 40-year-old driver. Rates are averaged for all 2023 models for each manufacturer and for all U.S. states. The difference column indicates the cost difference between each brand and the average cost of Toyota insurance. Green indicates the brand is cheaper to insure on average than Toyota and red indicates the brand costs more to insure on average than Toyota.Data last updated on April 14, 2023
Toyota Car Insurance Cost vs. Popular Automotive Brands

Toyota fares pretty well in the comparison table, as there are more red values than green. It is definitely cheaper to insure a Toyota than any luxury brand, but the results for non-luxury brands is lackluster.

Some of the explanation of Toyota’s higher insurance rates is that they manufacture not only cars and SUVs, but also pickup trucks and sports cars, which are more expensive to insure.

Models like the Tundra, Mirai, GR Supra, and GR86 all cost a little more to insure, which pulls the overall Toyota average up.

Brands like Kia and Mazda do not have these types of vehicles in their lineups, so it would be expected that they have lower average rates.

What is the cheapest Toyota insurance?

The cheapest Toyota insurance for 2023 is on the Toyota Corolla Cross, which is a small SUV with an average insurance cost of $1,592 per year. The second cheapest Toyota to insure is the Toyota Venza, costing $1,608 per year.

The top five cheapest Toyota models to insure are listed below.

Cheapest Toyota vehicles to insure for 2023

  1. Toyota Corolla Cross – (small SUV) Average insurance cost of $1,592 per year
  2. Toyota Venza – (midsize SUV) Average insurance cost of $1,608 per year
  3. Toyota Tacoma – (midsize truck) Average insurance cost of $1,614 per year
  4. Toyota RAV4 – (small SUV) Average insurance cost of $1,634 per year
  5. Toyota 4Runner – (midsize SUV) Average insurance cost of $1,654 per year

Which Toyota models have expensive insurance?

The most expensive Toyota model to insure for the 2023 model year is the Toyota Mirai at $2,190 per year, or around $183 per month. The Toyota GR86 ranks second most expensive at $2,034 per year.

Most expensive Toyota vehicles to insure for 2023

  1. Toyota Mirai – (small car) Average insurance cost of $2,190 per year
  2. Toyota GR86 – (sports car) Average insurance cost of $2,034 per year
  3. Toyota GR Supra – (sports car) Average insurance cost of $2,010 per year
  4. Toyota GR Corolla – (small car) Average insurance cost of $2,004 per year
  5. Toyota Tundra – (large truck) Average insurance cost of $1,856 per year