Toyota Prius Insurance Rates for 2023

• Toyota Prius insurance rates cost an average of $1,706 per year, $853 for a 6-month policy, or $142 per month.
• With the cheapest insurance rates, the Prius LE trim level costs an estimated $1,588 per year to insure. At the high end, the Prius Prime XSE Premium is the most expensive to insure at $1,802 for an annual policy.
• The Toyota Prius is one of the cheaper small cars to insure, costing $98 less per year on average when compared to all 15 competitors.

How much does Toyota Prius insurance cost?

Toyota Prius insurance cost averages $1,706 annually for full coverage, or $142 monthly. You can expect to pay about $98 less per year to insure a Toyota Prius compared to the average rate for small cars, and $22 less per year than the all-vehicle national average of $1,728.

Average monthly payments for car insurance on a 2023 Toyota Prius range from $132 to $150, with the LE being cheapest and the Prime XSE Premium costing the most to insure.

The following chart details how average Prius insurance rates change based on the age of the rated driver and coverage deductibles.

As with all auto insurance policies, the higher the deductibles, the lower the policy costs. In the chart above, Prius insurance rates range from an average rate for a 60-year-old driver of $1,528 up to the average rate for a 20-year-old driver of $3,388 per year, a range of $1,860 per year.

Expect to pay much higher rates when insuring a teen driver on a Toyota Prius. As an example, a 16-year-old male driver with a clean driving record would pay around $6,040 while a 16-year-old female would pay about $5,310. By age 18, rates drop to around $5,296 for males and $4,596 for female drivers.

The next table breaks down the average Toyota Prius car insurance cost from the first 2010 model to the newest 2023 model. Average monthly insurance rates for a Prius range from $88 to $142 for a full coverage insurance policy.

Which Prius models have the cheapest insurance?

The cheapest trim levels of Toyota Prius to insure are the LE and LE AWD at $1,588 per year. The most expensive models of Prius to insure are the Prime XSE Premium at $1,802 and the Limited AWD at $1,770 per year. Those two trim levels will cost an extra $214 and $182 per year, respectively, over the least expensive models.

In most cases, as the vehicle’s cost goes up with added options, the insurance rate seems to go up as well. The next table details the average annual and 6-month insurance policy costs, plus a monthly budget figure, for each 2023 Toyota Prius model trim level.

How does Prius insurance cost rank?

The Toyota Prius ranks sixth out of 15 total comparison vehicles in the 2023 compact car segment. The Prius costs an average of $1,706 per year for full coverage insurance, while the segment average rate is $1,804 annually, a difference of $98 per year.

When average rates are compared to popular vehicles in the small car segment, insurance for a Toyota Prius costs $66 less per year than the Honda Civic, $6 more than the Toyota Corolla, $24 more than the Nissan Sentra, and $272 less than the Hyundai Elantra.

The chart below shows how well Prius insurance rates fare against the rest of the models in the top 10 most popular small cars category. Also included is a more comprehensive rate table after the chart detailing insurance costs for all 15 vehicles in the compact class for the 2023 model year.

Average Prius insurance rates by U.S. city

Depending on your address, insurance rates on a Prius vary significantly, from cheaper premiums like $1,078 a year in Raleigh, NC, or $1,214 in Charlotte, NC, to higher rates like $2,426 a year in Miami, FL, and $2,638 in Philadelphia, PA.

Insurance rates on a Toyota Prius in some other large cities include Phoenix, AZ, at $1,860 per year, El Paso, TX, at $1,522, Seattle, WA, at an estimated $1,726, and Tulsa, OK, costing $2,044.

The following chart shows average car insurance rates for a Toyota Prius for the largest cities in America.

Additional rates and tips

Below are some additional insurance rate estimates and savings tips for different types of situations and driver risk profiles.

• Auto insurance is cheaper with higher deductibles. Increasing deductibles from $500 to $1,000 could save around $274 per year for a 40-year-old driver and $536 per year for a 20-year-old driver.
• The lower deductible you choose, the higher the policy cost. Lowering your physical damage coverage deductibles from $500 to $250 could cost an additional $286 per year for a 40-year-old driver and $564 per year for a 20-year-old driver.
• Your choice of occupation could earn you discounts. The large majority of auto insurance providers offer discounts for being employed in occupations like engineers, college professors, doctors, high school and elementary teachers, scientists, architects, and others. If your job can earn you this discount, you could save between $51 and $183 on your annual Prius insurance bill.
• Driver gender influences rates. For a 2023 Toyota Prius, a 20-year-old male driver will pay an estimated rate of $3,388 per year, while a 20-year-old female driver will pay $2,512, a difference of $876 per year. The females get the cheaper rate by far. But by age 50, the rate for males is $1,554 and the cost for women is $1,524, a difference of only $30.
• Clean up your credit for better rates. In states that allow a driver’s credit information to be used for the purpose of determining insurance rates, drivers who have credit scores over 800 could experience savings as high as $268 per year versus a slightly lower credit score between 670-739. Conversely, a less-than-good credit score could cost as much as $310 more per year.
• The cost to insure teen drivers is expensive. Average Prius insurance costs $6,040 per year for a 16-year-old driver, $5,664 per year for a 17-year-old driver, and $5,296 per year for an 18-year-old driver.