Toyota RAV4 Insurance Cost for 2023

• Toyota RAV4 insurance cost averages $1,634 per year, or around $136 per month for full coverage.
• The 2023 Toyota RAV4 is one of the higher-priced small SUVs to insure, costing $28 more per year on average when compared to other small SUVs.
• The RAV4 ranks 29^th out of 47 vehicles in the small SUV segment for insurance affordability.
• The cheapest RAV4 to insure is the LE 2WD trim level at an estimated $1,468 per year. The most expensive is the Prime XSE AWD at $1,830.

How much does Toyota RAV4 insurance cost?

2023 Toyota RAV4 insurance costs on average $1,634 a year, or $136 monthly. With the average small SUV costing $1,606 a year to insure (2023 models), the Toyota RAV4 would cost an extra $28 each year to insure on average.

When compared to all 2023 model year vehicles (not just compact SUVs), Toyota RAV4 insurance costs 15.1% less than the national average car insurance rate of $1,900 per year.

The chart 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 2023 RAV4 with $1,000 deductibles costs $1,372 per year on average, while a low $250 deductible policy runs $1,906. That’s a difference of $534 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 2023 models and gives the percent difference for each value.

As shown in the table, the 2023 RAV4 insurance rates fare very well when compared to the average for all other vehicles.

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 $180 per year when insuring a 2023 Toyota RAV4.

What is the cheapest Toyota RAV4 insurance?

The cheapest 2023 Toyota RAV4 to insure is the $27,575 LE 2WD trim level costing an average of $1,468 per year. The next cheapest RAV4 models to insure are the LE AWD 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 2023 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 2023 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 $1,634 per year, the 2023 Toyota RAV4 is actually one of the more expensive small SUVs to insure, ranking 29^th out of 47 total comparison vehicles. It costs around $28 more per year to insure a Toyota RAV4 than the average for the segment, which is $1,606.

When compared to all other vehicle segments, however, the average insurance cost for a Toyota RAV4 fares better. You’ll save an estimated $266 a year when compared to the 2023 all-vehicle national average of $1,900.

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 2023 Toyota RAV4 LE 2WD, with an average rate of $1,468, 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 2023 model year.

By including MSRP for each model in the compact SUV segment, we can find out how insurance cost compares between the RAV4 and other similarly priced compact SUV models. A 2023 model year RAV4 has an average sticker price of $34,189, ranging from $27,575 to $45,460, depending on the trim level.

The small SUVs that have the most similar sticker prices to the Toyota RAV4 are the Mini Cooper, Honda CR-V, Hyundai Tucson, and Dodge Hornet.

Here’s how they compare to a 2023 RAV4 by sticker price and average insurance cost.

• Toyota RAV4 vs. Mini Cooper – Having an average sticker price of $34,408 and ranging from $28,600 to $42,650, the Mini Cooper costs $219 more than the average MSRP for the Toyota RAV4. Expect to pay around $14 more each year to insure the Mini Cooper compared to a RAV4.
• Toyota RAV4 vs. Honda CR-V – The Honda CR-V has an average retail price of $33,963 ($28,600 to $38,600), which is $226 cheaper than the average MSRP for the Toyota RAV4. Expect to pay around $138 less annually to insure the Honda CR-V compared to a RAV4.
• Toyota RAV4 vs. Hyundai Tucson – Having an average purchase price of $33,883 and ranging from $26,450 to $43,200, the Hyundai Tucson costs $306 less than the Toyota RAV4. Buying car insurance for the Hyundai Tucson costs an average of $20 less each year than the Toyota RAV4.
• Toyota RAV4 vs. Dodge Hornet – The Dodge Hornet has an average MSRP of $34,636, ranging from $30,000 to $39,000, which is $447 more expensive than the MSRP for the Toyota RAV4. The cost to insure a Toyota RAV4 compared to the Dodge Hornet is $238 less per year on average.

For additional auto insurance cost comparisons for a RAV4, plus many other vehicles, visit our dedicated comparison page.

If you can afford to pay your entire 2023 RAV4 insurance bill at once, rather than in monthly payments, you could save anywhere from $82 to $163 per year, depending on the company.

How much does RAV4 liability insurance cost?

As vehicles get older and the actual cash value decreases, at some point it makes sense to stop insuring for full coverage and just insure for liability exposures.

The table below compares full coverage insurance rates to liability-only rates for the Toyota RAV4 for the 2000 to 2012 model years.

Toyota RAV4 insurance cost by state

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 New Jersey, Rhode Island, and Florida.

With the national average annual cost to insure a RAV4 being $1,634, the table below shows how each state compares to the average rate.