Toyota RAV4 Insurance: Exploring Costs and Rate Factors for 2025

• Toyota RAV4 insurance cost averages $2,162 per year, or around $180 per month for full coverage.
• The 2024 Toyota RAV4 is one of the higher-priced small SUVs to insure, costing $8 more per year on average when compared to other small SUVs.
• The RAV4 ranks 25^th out of 47 vehicles in the small SUV segment for insurance affordability.
• The cheapest RAV4 to insure is the LE AWD trim level at an estimated $1,908 per year. The most expensive is the Prime XSE AWD at $2,546.

Fasten your seatbelts and get ready to dive into the world of car insurance costs for the ever-popular Toyota RAV4.

We’re about to embark on a journey that will not only save you a few dollars but also equip you with the knowledge you need to navigate the winding roads of auto insurance with ease.

The RAV4, a trusty companion for countless adventurers, is renowned for its versatility and reliability. But how can you make sure that your insurance costs align with your budget?

Fear not, for we’re here to unveil the secrets, the tips, and the strategies to keep your RAV4 protected without breaking the bank.

Whether you’re a seasoned RAV4 owner or just beginning your journey, this guide is your shortcut to mastering the art of insuring your Toyota RAV4. So, sit back, relax, and let’s optimize your car insurance like a pro.

What’s the damage? Unlocking Toyota RAV4 insurance costs

2024 Toyota RAV4 insurance costs on average $2,162 a year, or $180 monthly. With the average small SUV costing $2,154 a year to insure (2024 models), the Toyota RAV4 would cost an extra $8 each year to insure on average.

When compared to all 2024 model year vehicles (not just compact SUVs), Toyota RAV4 insurance costs 15% less than the national average car insurance rate of $2,512 per year.

The graphic below demonstrates how average Toyota RAV4 car insurance rates vary based on driver age and policy physical damage deductibles (comprehensive and collision coverages).

When buying a policy, you have a choice of how much you want to pay out-of-pocket if you file a claim which is called a deductible. A policy with high deductibles will cost less than a comparable policy with a lower deductible option.

For the 40-year-old driver in the example above, insuring a 2024 RAV4 with $1,000 deductibles costs $1,832 per year on average, while a low $250 deductible policy runs $2,502. That’s a difference of $670 per year based solely on different deductible amounts.

The table below breaks out the individual policy coverages into each respective average cost. It also compares each coverage to the average cost for all 2024 models and gives the percent difference for each value.

As shown in the table, the 2024 RAV4 insurance rates fare very well when compared to the average for all other vehicles.

For the policy coverages listed in the table above, here’s what each one covers in a nutshell.

• Comprehensive Coverage: Comprehensive coverage, often referred to as “comp coverage,” is a type of auto insurance that helps cover damage to your vehicle resulting from non-collision events. This includes incidents like theft, vandalism, natural disasters, falling objects, and animal collisions. It provides financial protection for repairing or replacing your car due to such unforeseen events.
• Collision Coverage: Collision coverage is a type of auto insurance that pays for damage to your vehicle caused by a collision with another vehicle or object, such as a tree or utility pole. It covers repair or replacement costs, regardless of who is at fault in the accident.
• Liability Coverage: Liability coverage is a fundamental component of auto insurance that helps protect you financially if you’re responsible for an accident. It includes two main components: bodily injury liability, which covers medical expenses and legal fees for individuals injured in an accident, and property damage liability, which covers the cost of repairing or replacing other people’s property, like their vehicles or structures, that you damage in an accident.
• Medical and PIP Coverage: Medical coverage, often referred to as “MedPay,” and Personal Injury Protection (PIP) coverage are types of auto insurance that help pay for medical expenses incurred as a result of a car accident. MedPay typically covers medical costs for you and your passengers, while PIP can provide a broader range of benefits, including medical expenses, lost wages, and other related expenses, regardless of who is at fault in the accident. PIP is often required in no-fault insurance states.

Compact sport utility vehicles tend to have good overall car insurance rates, and the RAV4 is no exception. But the RAV4 is actually not even close to being the cheapest to insure in its class. We will cover that in much more detail later in the article.

One of the best ways to make car insurance less expensive is to bundle it with your home insurance, if possible. Doing this can save an average of $238 per year when insuring a 2024 Toyota RAV4.

What is the cheapest Toyota RAV4 insurance?

The cheapest 2024 Toyota RAV4 to insure is the $29,875 LE AWD trim level costing an average of $1,908 per year. The next cheapest RAV4 models to insure are the LE 2WD and the XLE 2WD models.

As a general rule, the more a vehicle costs, the more it will cost to insure. The RAV4 is no exception, as the cheapest RAV4 car insurance is on the lower-end LE trims. Conversely, you’ll pay quite a bit more each month for insurance if you opt for the higher-end Limited or Hybrid models.

The next table summarizes annual, semi-annual, and monthly average insurance rates for all the 2024 Toyota RAV4 trim levels and packages.

Will an older RAV4 cost less to insure?

Buying an older RAV4 will definitely save some money on car insurance. With lower Actual Cash Values (essentially what the vehicle is worth), there would be a smaller claim value paid in the event of a total loss. This results in a lower physical damage coverage rate (comprehensive and collision).

Vehicle safety features also factor into the cost of car insurance, so if an older model is lacking some of the safety features available on newer models, then that can increase the cost of insurance.

This can actually cause some older models to cost more to insure than newer models, even though the newer models may have a higher replacement cost or actual cash value.

The table below shows average Toyota RAV4 car insurance rates for different driver ages for the 2013 to 2024 model years. Notice the downward cost trends as both the driver’s age increases and the age of the vehicle increases.

Is a Toyota RAV4 expensive to insure?

At $2,162 per year, the 2024 Toyota RAV4 is actually one of the more expensive small SUVs to insure, ranking 25^th out of 47 total comparison vehicles. It costs around $8 more per year to insure a Toyota RAV4 than the average for the segment, which is $2,154.

When compared to all other vehicle segments, however, the average insurance cost for a Toyota RAV4 fares better. You’ll save an estimated $350 a year when compared to the 2024 all-vehicle national average of $2,512.

As we mentioned earlier, however, the trim level of your RAV4 can make a pretty large difference in car insurance premiums. If you’re insuring a 2024 Toyota RAV4 LE AWD, with an average rate of $1,908, then you’re obviously going to save quite a bit more than the average across all trim levels.

The chart below shows how well average Toyota RAV4 car insurance rates fare against the top 10 selling small SUVs like the Honda CR-V, Ford Escape, and Nissan Rogue. Following the chart, we include a table ranking insurance cost for all 47 small SUVs for the 2024 model year.

Another useful comparison we can make is between the RAV4 and other popular Toyota models. Toyota customers have very high brand loyalty, for good reason, and often shop only within the Toyota lineup.

The table below shows how the RAV4 compares to both the Toyota Highlander and the Toyota Camry. It details average insurance costs for different driver ages, shows the cheapest and most expensive models of each to insure, plus provides links so you can research Highlander and Camry rates in more detail.

Finally, our last comparison shifts back to the compact SUV market to see how insurance cost compares between the RAV4 and other similarly-priced compact SUV models. This is useful if you’re shopping for different models within a strict budget and want to see how insurance rates stack up between the RAV4 and the closest-priced competitors.

A 2024 model year RAV4 has an average sticker price of $35,453, ranging from $29,875 to $47,310, depending on the trim level.

The small SUVs that have the most similar sticker prices to the Toyota RAV4 are the Ford Escape, Hyundai Tucson, Jeep Compass, and Mini Cooper Countryman.

Here’s how they compare to a 2024 RAV4 by sticker price and average insurance cost.

• Toyota RAV4 vs. Ford Escape – Having an average sticker price of $35,496 and ranging from $29,345 to $40,500, the Ford Escape costs $43 more than the average MSRP for the Toyota RAV4. Expect to pay around $24 less each year to insure the Ford Escape compared to a RAV4.
• Toyota RAV4 vs. Hyundai Tucson – The Hyundai Tucson has an average retail price of $35,401 ($29,345 to $45,200), which is $52 cheaper than the average MSRP for the Toyota RAV4. Expect to pay around $14 more annually to insure the Hyundai Tucson compared to a RAV4.
• Toyota RAV4 vs. Jeep Compass – Having an average purchase price of $35,327 and ranging from $28,400 to $39,515, the Jeep Compass costs $126 less than the Toyota RAV4. Buying car insurance for the Jeep Compass costs an average of $374 more each year than the Toyota RAV4.
• Toyota RAV4 vs. Mini Cooper Countryman – The Mini Cooper Countryman has an average MSRP of $35,700, ranging from $32,650 to $43,800, which is $247 more expensive than the MSRP for the Toyota RAV4. The cost to insure a Toyota RAV4 compared to the Mini Cooper Countryman is $156 less per year on average.

Additional Toyota RAV4 insurance cost comparisons

• Toyota RAV4 vs. Honda CR-V
• Toyota RAV4 vs. Nissan Rogue
• Toyota RAV4 vs. Toyota Highlander
• Toyota RAV4 vs. Chevrolet Equinox
• Toyota RAV4 vs. Subaru Forester
• Toyota RAV4 vs. Mazda CX-5
• Toyota RAV4 vs. Kia Sportage
• View all 16 comparisons

If you can afford to pay your entire 2024 RAV4 insurance bill at once, rather than in monthly payments, you could save anywhere from $108 to $216 per year, depending on the company.

How much does RAV4 liability insurance cost?

A minimum amount of insurance is required wherever you live in order to legally drive your RAV4, but at some point (or for financial reasons), it just doesn’t make sense to insure it for full coverage.

Buying a car insurance policy that just covers your liability requirements is much cheaper than buying a policy with full coverage (including comprehensive and collision coverage).

The table below compares full coverage insurance rates to liability-only rates for the Toyota RAV4 for the 2000 to 2012 model years. This should give you an approximate idea of how much you can save if you choose to only buy liability coverage.

Keep in mind that kind of like a policy deductible, you can choose the amount of liability coverage you want on your policy. State minimum requirements are not always adequate, so talk to your insurance agent or advisor to see if your assets are adequately protected by the amount of liability coverage on your policy.

If you have an umbrella policy, it will often require specific minimum amounts of liability insurance to be on your underlying auto insurance policy. So keep that in mind if it applies to you.

You should consider removing full coverage from your Toyota RAV4 in several situations.

• Firstly, as your RAV4 ages and its market value depreciates, maintaining full coverage may no longer be cost-effective.
• If you have the financial stability to handle the cost of potential repairs or replacements out of pocket, it may make sense to transition to liability-only coverage.
• Additionally, if you’ve paid off your RAV4’s loan or lease, you gain more flexibility in choosing your coverage.

If the cost of full coverage strains your budget, you might consider adjusting your coverage to reduce monthly or annual insurance expenses. However, always ensure that you meet the minimum legal insurance requirements in your state.

Making an informed decision about when to remove full coverage involves assessing your specific financial situation and evaluating the value of your vehicle, so it’s important to carefully consider your circumstances.

Toyota RAV4 insurance rates: A state-by-state overview

Whether you’re traversing the highways of California or navigating the byways of New York, understanding the unique factors that influence RAV4 insurance rates in each state is important.

Depending on where you live, the average cost of insurance on a RAV4 can vary from close to $1,000 a year in states like Maine and North Carolina to well over $2,000 a year in states like California, New Jersey, and Michigan.

With the national average annual cost to insure a RAV4 being $2,162, the table below shows how each state compares to the average rate.

Why does car insurance cost vary so much depending on where you live?

Car insurance costs vary significantly from one state to another due to a combination of factors, including state regulations, demographics, driving conditions, and local economic and legal considerations.

Here are some key reasons why car insurance costs differ by state:

1. State Regulations: Each state has its own set of insurance regulations, including required coverage levels, minimum liability limits, and laws that affect insurance pricing. These regulations can have a substantial impact on the cost of insurance in a particular state.
2. Population Density: States with higher population density tend to have more vehicles on the road, leading to a higher frequency of accidents and claims. This increased risk can result in higher insurance premiums on your Toyota RAV4.
3. Urban vs. Rural Areas: Urban areas often experience more traffic congestion and a higher risk of accidents and theft, which can lead to higher insurance costs. In contrast, rural areas generally have lower insurance rates due to fewer accidents and lower crime rates.
4. Inclement Weather: States with harsh weather conditions, such as frequent snow, ice, or severe storms, may experience more accidents and vehicle damage, leading to higher insurance rates to cover these risks.
5. Uninsured/Underinsured Motorists: The percentage of uninsured or underinsured drivers in a state can impact insurance costs. If there are many uninsured drivers, insured drivers may need to carry additional coverage, resulting in higher premiums.
6. Legal Environment: The legal environment in a state, including the prevalence of lawsuits and the level of compensation awarded in personal injury cases, can affect insurance costs. States with higher litigation costs often have higher insurance premiums.
7. Economic Factors: The overall economic health of a state can influence insurance rates. States with a higher cost of living may have higher insurance premiums to match the increased expenses.
8. Local Crime Rates: Areas with higher crime rates are more prone to theft and vandalism, which can lead to higher comprehensive insurance rates for residents.
9. Driving Habits: The driving culture and habits of residents can affect accident rates. States with aggressive driving behavior and a high number of traffic violations tend to have higher RAV4 insurance costs.
10. Market Competition: The level of competition among insurance companies in a state can influence pricing. In states with more insurance providers competing for customers, consumers may have access to more competitive rates.

These factors, among others, combine to create a complex landscape of car insurance pricing across different states. It’s important for individuals to be aware of these factors and to compare insurance quotes to find the best rates based on their specific location and circumstances.

During his career as an independent insurance agent, Ryan Grabenstein was appointed with Progressive, Allstate, Nationwide, Travelers, and many smaller regional and mutual companies. He has a Bachelor's degree in Finance from the University of Nebraska at Lincoln and Certified Insurance Counselor (CIC) personal and commercial lines training.