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

• Toyota Mirai insurance rates average $2,362 per year, $1,181 for a 6-month policy, or $197 per month.
• The cheapest Toyota Mirai insurance is on the Mirai XLE trim level at an average of $2,246 per year, or $187 per month.
• The model with the most expensive car insurance rates is the Mirai Limited at $2,474 per year, or around $206 per month.
• The Toyota Mirai is one of the more expensive small cars to insure for the 2024 model year, costing $486 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 $2,362 per year on average for a full coverage policy, which equates to around $197 a month.

When priced by coverage type, liability and medical coverage costs an estimated $588 a year, comprehensive coverage is an estimated $598, and the remaining collision insurance will cost approximately $1,176.

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

What is the cheapest Toyota Mirai insurance?

With Toyota Mirai insurance rates ranging from $2,246 to $2,474 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 $2,474 per year.

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

Is Toyota Mirai insurance expensive?

The Toyota Mirai ranks 15^th out of 15 total comparison vehicles in the small car class. The Mirai costs an average of $2,362 per year to insure for full coverage and the class median rate is $1,876 per year, a difference of $486 per year.

When compared to other popular compact car models, insurance rates for a Toyota Mirai cost $682 more per year than the Honda Civic, $512 more than the Toyota Corolla, $624 more than the Nissan Sentra, and $300 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.

How much is insurance on a used Mirai?

Buying insurance for a 2016 Mirai instead of a new 2024 model could save around $712 on a yearly basis. Even insuring a 2019 model could save $434 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 $1,456 for a 60-year-old driver rated on a 2017 Toyota Mirai to a high of $4,768 for a 20-year-old driver rated on a 2024 Mirai.