Toyota Car Insurance Cost for 2022

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 2022 model year Toyota car insurance rates range from $1,254 a year for the Toyota C-HR up to $1,968 per year for the Toyota Mirai. The average cost of insurance per year when averaged for all 2022 Toyota models is $1,552.

The average car insurance rate in America is $1,567 per year, which means the average cost to insure Toyota models is only $15 less 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$1,488$124
Toyota 86 (2021 and prior)$1,760$147
Toyota Avalon$1,600$133
Toyota C-HR$1,254$105
Toyota Camry$1,502$125
Toyota Corolla$1,500$125
Toyota Corolla Cross$1,310$109
Toyota FJ Cruiser (2014 and prior)$1,046$87
Toyota GR Supra$1,818$152
Toyota GR86$1,776$148
Toyota Highlander$1,534$128
Toyota Land Cruiser (2021 and prior)$1,902$159
Toyota Matrix (2013 and prior)$858$72
Toyota Mirai$1,968$164
Toyota Prius$1,526$127
Toyota RAV4$1,440$120
Toyota Sequoia$1,586$132
Toyota Sienna$1,598$133
Toyota Supra (2021 and prior)$1,688$141
Toyota Tacoma$1,414$118
Toyota Tundra$1,640$137
Toyota Venza$1,424$119
Toyota Yaris (2020 and prior)$1,264$105
Toyota Yaris IA (2017 and prior)$1,134$95

Is Toyota car insurance expensive?

When compared to its two primary competitors, Honda and Nissan, Toyota insurance rates are 6% more expensive per year than Honda and 4.3% cheaper than Nissan.

Mazda and Subaru are two other Japanese automakers, and when compared to those two brands, Toyota insurance is 10.1% more expensive per year than Mazda and 6.1% 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 0.9% more expensive per year than Hyundai and 2% 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 2022 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 December 1, 2022
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$1,552--
Acura$1,772$220
Audi$2,089$537
BMW$2,115$563
Cadillac$1,664$112
Chevrolet$1,549-$3
Ford$1,548-$4
Genesis$1,841$289
GMC$1,649$97
Honda$1,464-$88
Hyundai$1,538-$14
Infiniti$1,938$386
Jeep$1,683$131
Kia$1,522-$30
Lexus$1,826$274
Lincoln$1,720$168
Mazda$1,409-$143
Mercedes-Benz$2,127$575
Mitsubishi$1,625$73
Nissan$1,621$69
Ram$1,679$127
Subaru$1,463-$89
Tesla$1,976$424
Volkswagen$1,491-$61
Volvo$1,667$115

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 2022 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 December 1, 2022
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 2022 is on the Toyota C-HR, which is a small SUV with an average insurance cost of $1,254 per year. The second cheapest Toyota to insure is the Toyota Corolla Cross, costing $1,310 per year.

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

Cheapest Toyota vehicles to insure for 2022

  1. Toyota C-HR – (small SUV) Average insurance cost of $1,254 per year
  2. Toyota Corolla Cross – (small SUV) Average insurance cost of $1,310 per year
  3. Toyota Tacoma – (midsize truck) Average insurance cost of $1,414 per year
  4. Toyota Venza – (midsize SUV) Average insurance cost of $1,424 per year
  5. Toyota RAV4 – (small SUV) Average insurance cost of $1,440 per year

Which Toyota models have expensive insurance?

The most expensive Toyota model to insure for the 2022 model year is the Toyota Mirai at $1,968 per year, or around $164 per month. The Toyota GR Supra ranks second most expensive at $1,818 per year.

Most expensive Toyota vehicles to insure for 2022

  1. Toyota Mirai – (small car) Average insurance cost of $1,968 per year
  2. Toyota GR Supra – (sports car) Average insurance cost of $1,818 per year
  3. Toyota GR86 – (sports car) Average insurance cost of $1,776 per year
  4. Toyota Tundra – (large truck) Average insurance cost of $1,640 per year
  5. Toyota Avalon – (large car) Average insurance cost of $1,600 per year