Why Toyota Mirai Insurance Costs So Much and What You Can Do

We compared the average insurance cost for the cheapest XLE model to the Limited trim level to look at how Mirai insurance measures up to similar small cars.

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  • Toyota Mirai insurance rates average $2,916 per year, $1,458 for a 6-month policy, or $243 per month.
  • The cheapest Toyota Mirai insurance is on the Mirai XLE trim level at an average of $2,776 per year, or $231 per month.
  • The model with the most expensive car insurance rates is the Mirai Limited at $3,056 per year, or around $255 per month.
  • The Toyota Mirai is one of the more expensive small cars to insure for the 2024 model year, costing $601 more per year on average as compared to the rest of the vehicles in the segment.

How much does Toyota Mirai car insurance cost?

Average car insurance rates for a 2024 Toyota Mirai cost $2,916 per year on average for a full coverage policy, which equates to around $243 a month.

When priced by coverage type, liability and medical coverage costs an estimated $728 a year, comprehensive coverage is an estimated $738, and the remaining collision insurance will cost approximately $1,450.

The chart below illustrates how average Toyota Mirai car insurance rates vary depending on driver age and the chosen policy deductibles.

Average 2024 Toyota Mirai car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 Toyota Mirai car insurance premiums for different driver ages and policy deductibles. Rates updated on June 26, 2025.

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Data Methodology: Average premiums are based on a 2024 model year Toyota Mirai. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 Toyota Mirai Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$4,904$409
$500$5,880$490
$250$6,916$576
30-Year-Old$1,000$2,578$215
$500$3,118$260
$250$3,682$307
40-Year-Old$1,000$2,420$202
$500$2,916$243
$250$3,432$286
50-Year-Old$1,000$2,142$179
$500$2,570$214
$250$3,014$251
60-Year-Old$1,000$2,004$167
$500$2,404$200
$250$2,824$235

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 Toyota Mirai. Updated June 26, 2025

What is the cheapest Toyota Mirai insurance?

With Toyota Mirai insurance rates ranging from $2,776 to $3,056 per year for the average driver, the cheapest trim level to insure is the XLE. The Limited costs more to insure than the XLE model, at $3,056 per year.

The rate table below details average car insurance cost for each Toyota Mirai model and trim level.

2024 Toyota Mirai Insurance Rates by Trim Level
2024 Toyota Mirai Trim Level Annual Premium Cost Per Month
XLE$2,776$231
Limited$3,056$255

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated June 26, 2025

Insurance cost by trim level for a 2024 Toyota Mirai ranging from the XLE model at $2,776 per year to the Limited model at $3,056
Insurance cost by trim level for a 2024 Toyota Mirai ranging from the XLE model at $2,776 per year to the Limited model at $3,056

Is Toyota Mirai insurance expensive?

The Toyota Mirai ranks 15th out of 15 total comparison vehicles in the small car class. The Mirai costs an average of $2,916 per year to insure for full coverage and the class median rate is $2,315 per year, a difference of $601 per year.

When compared to other popular compact car models, insurance rates for a Toyota Mirai cost $842 more per year than the Honda Civic, $634 more than the Toyota Corolla, $770 more than the Nissan Sentra, and $374 more than the Hyundai Elantra.

The chart below shows how well Toyota Mirai car insurance cost compares to the top 10 most popular compact cars in the U.S. by sales volume. A table is included after the chart that ranks the entire 15 vehicle compact car segment by auto insurance affordability.

Average 2024 Toyota Mirai car insurance premium compared to other small car models.
Figure 2: Average 2024 Toyota Mirai car insurance premium compared to other small car models. Rates updated on June 27, 2025.

Data Methodology: Average rates are for a 2024 model year Toyota Mirai. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all Toyota Mirai trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

Toyota Mirai Insurance Cost Compared to All Small Cars
Rank Make and Model Annual Premium Difference
1Toyota GR Corolla$2,034-$882
2Nissan Leaf$2,052-$864
3Honda Civic$2,074-$842
4Nissan Sentra$2,146-$770
5Subaru Impreza$2,154-$762
6Toyota Prius$2,188-$728
7Toyota Corolla$2,282-$634
8Kia Forte$2,288-$628
9Nissan Versa$2,310-$606
10Mitsubishi Mirage G4$2,364-$552
11Volkswagen Jetta$2,370-$546
12Mazda 3$2,424-$492
13Hyundai Elantra$2,542-$374
14Volkswagen Golf$2,586-$330
15Toyota Mirai$2,916--

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated June 27, 2025

How much is insurance on a used Mirai?

Buying insurance for a 2016 Mirai instead of a new 2024 model could save around $880 on a yearly basis. Even insuring a 2019 model could save $538 or more per year depending on the policy deductibles and limits.

The following data table shows typical insurance policy costs for a Toyota Mirai for a range of driver ages from 2016 through 2024. Average policy cost ranges from the most affordable rate of $1,798 for a 60-year-old driver rated on a 2017 Toyota Mirai to a high of $5,880 for a 20-year-old driver rated on a 2024 Mirai.

Toyota Mirai Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2024 Toyota Mirai$5,880$2,916$2,404
2023 Toyota Mirai$5,718$2,830$2,338
2022 Toyota Mirai$5,590$2,762$2,282
2021 Toyota Mirai$5,206$2,574$2,126
2020 Toyota Mirai$4,974$2,460$2,032
2019 Toyota Mirai$4,820$2,378$1,968
2017 Toyota Mirai$4,382$2,172$1,798
2016 Toyota Mirai$4,072$2,036$1,690

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Toyota Mirai trim levels for each model year. Updated June 26, 2025

Average insurance rates for 2016 to 2024 Toyota Mirai models for drivers age 20, 40 and 60
Average insurance rates for 2016 to 2024 Toyota Mirai models for drivers age 20, 40 and 60