Toyota Tundra Car Insurance Rates for 2023

How expensive are insurance rates for a Toyota Tundra?

From the SR Double Cab 2WD model up to the pricier Capstone Crew Max Hybrid 4WD trim level, we analyzed insurance rates on a 2023 Tundra to see how rate quotes compare to the full-size truck segment.

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How much does Toyota Tundra insurance cost?

Toyota Tundra insurance rates average $1,904 per year for full coverage, or around $159 if paid each month. With the average full-size pickup truck costing $1,967 a year to insure, the Toyota Tundra is just slightly cheaper than average.

The chart below showcases average 2023 Toyota Tundra insurance cost for different policy deductible levels and driver ages.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Toyota Tundra with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Toyota Tundra trim levels.Data last updated on August 11, 2023
Toyota Tundra Insurance Rate Summary
2023 Toyota Tundra Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,166$264
$500$3,792$316
$250$4,454$371
30$1,000$1,672$139
$500$2,020$168
$250$2,382$199
40$1,000$1,584$132
$500$1,904$159
$250$2,236$186
50$1,000$1,444$120
$500$1,732$144
$250$2,032$169
60$1,000$1,420$118
$500$1,704$142
$250$1,998$167

The chart above uses an average rate across the entire Toyota Tundra lineup, but there is quite a bit of variation depending on the trim level being insured. The next section breaks out rates by trim level and option packages.

Is Toyota Tundra insurance cheap?

With Toyota Tundra insurance rates ranging from $1,678 to $2,074 annually, the cheapest trim levels to insure are the SR Double Cab 2WD and SR Crew Max 2WD models at an average cost of $1,678 and $1,720 per year, respectively.

On average, plan on paying around $140 per month for starters for full coverage Tundra insurance. However, this amount can vary quite a bit depending on the model year, coverages, and driver age.

The three highest-cost Tundra trim levels to insure are the Toyota Tundra 1794 Edition Crew Max Hybrid 4WD, the TRD Pro Crew Max Hybrid 4WD, and the Capstone Crew Max Hybrid 4WD trim levels, maxing out around $2,074 per year.

As the cost goes up with the different Tundra trims and packages, insurance goes up in step with it. Lower trim levels cost less and therefore have a lower replacement cost, resulting in cheaper insurance rates.

The table below shows average annual and semi-annual car insurance costs, in addition to a monthly budget amount, for each 2023 Toyota Tundra trim level.

2023 Toyota Tundra Insurance Cost by Trim Level
Toyota Tundra Trim Level Annual Policy Six-Month Policy Per Month
SR Double Cab 2WD$1,678$839$140
SR Crew Max 2WD$1,720$860$143
SR Double Cab 4WD$1,738$869$145
SR Crew Max 4WD$1,774$887$148
SR5 Double Cab 2WD$1,780$890$148
SR5 Crew Max 2WD$1,816$908$151
SR5 Double Cab 4WD$1,822$911$152
SR5 Crew Max 4WD$1,852$926$154
Limited Double Cab 2WD$1,864$932$155
Limited Crew Max 2WD$1,892$946$158
Limited Double Cab 4WD$1,902$951$159
Limited Crew Max 4WD$1,920$960$160
Limited Crew Max Hybrid 2WD$1,922$961$160
Limited Crew Max Hybrid 4WD$1,952$976$163
Platinum Crew Max 2WD$1,964$982$164
1794 Edition Crew Max 2WD$1,970$985$164
Platinum Crew Max 4WD$1,990$995$166
Platinum Crew Max Hybrid 2WD$1,990$995$166
1794 Edition Crew Max 4WD$1,994$997$166
1794 Edition Crew Max Hybrid 2WD$1,996$998$166
Platinum Crew Max Hybrid 4WD$2,014$1,007$168
1794 Edition Crew Max Hybrid 4WD$2,018$1,009$168
TRD Pro Crew Max Hybrid 4WD$2,036$1,018$170
Capstone Crew Max Hybrid 4WD$2,074$1,037$173

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Toyota Tundra, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Toyota Tundra Insurance Cost by Trim Level

How does Tundra insurance cost compare?

When compared to other half-ton pickups, insurance rates for a 2023 Toyota Tundra cost $62 more per year than the Ford F150, $78 less than the Ram Truck, $80 less than the Chevrolet Silverado, and $74 less than the GMC Sierra.

The Toyota Tundra ranks third out of seven total vehicles in the large truck segment. The Tundra costs an estimated $1,904 per year to insure for full coverage and the segment median rate is $1,967 per year, a difference of $63 per year.

The chart below shows how average Toyota Tundra car insurance rates compare to all other half-ton large trucks for the 2023 model year.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Toyota Tundra, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Toyota Tundra trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Toyota Tundra vs Large Trucks Insurance Cost Comparison
Toyota Tundra Insurance Cost Compared to All Large Trucks
Rank Make/Model Insurance Cost Difference
1Nissan Titan$1,792-$112
2Ford F150$1,842-$62
3Toyota Tundra$1,904--
4GMC Sierra$1,978$74
5Ram Truck$1,982$78
6Chevrolet Silverado$1,984$80
7GMC Hummer EV Pickup$2,286$382

Will a used Tundra save money on insurance?

Buying insurance for a Toyota Tundra with some age on it is definitely cheaper than a new model off the showroom floor. For example, insuring a 2013 Tundra instead of a 2023 model could save $538 each year at the very least.

The data table below details average insurance rates for the Tundra for the 2013 to 2023 model years and a range of driver ages. Prices range from the cheapest rate of $1,224 for a 60-year-old driver rated on a 2013 Toyota Tundra to the most expensive rate of $3,792 for a 20-year-old driver rated on a 2023 Tundra.

Toyota Tundra Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Toyota Tundra$3,792$1,904$1,704
2022 Toyota Tundra$3,642$1,830$1,634
2021 Toyota Tundra$3,420$1,716$1,534
2020 Toyota Tundra$3,380$1,692$1,512
2019 Toyota Tundra$3,164$1,582$1,416
2018 Toyota Tundra$3,068$1,532$1,374
2017 Toyota Tundra$2,874$1,438$1,288
2016 Toyota Tundra$3,084$1,542$1,382
2015 Toyota Tundra$2,820$1,414$1,264
2014 Toyota Tundra$2,940$1,474$1,324
2013 Toyota Tundra$2,718$1,366$1,224

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Toyota Tundra Insurance Cost by Model Year

At some point down the road, it will probably be a good idea to drop physical damage coverage from the policy. As vehicles get older and lose value, the cost of maintaining comprehensive and collision coverage starts to outweigh the benefit of having it on the policy.

Dropping physical damage coverage on an older Toyota Tundra could save you around $672 a year, depending on what the comprehensive and collision deductibles were set to and the age of the rated driver.

Toyota Tundra insurance rates by U.S. city and state

Depending upon where you live, the insurance cost for a Tundra can vary from lower rates like $1,414 a year in Columbus, OH, or $1,202 in Raleigh, NC, to higher rates such as $2,934 a year in Las Vegas, NV, and $2,926 per year for car insurance in Los Angeles.

The cost of insurance for a Toyota Tundra in some other areas include Memphis, TN, costing $2,218 per year, San Francisco, CA, averaging $2,538, Austin, TX, at $1,678, and Albuquerque, NM, at $1,814.

The following chart visualizes average insurance rates for a Toyota Tundra in the most populated areas in the United States.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Toyota Tundra, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Toyota Tundra trim levels.Data last updated on August 12, 2023
Toyota Tundra Insurance Rates in Large U.S. Cities
Toyota Tundra Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,310$276
Philadelphia, PA$2,942$245
Las Vegas, NV$2,934$245
Los Angeles, CA$2,926$244
San Francisco, CA$2,538$212
Kansas City, MO$2,262$189
Oklahoma City, OK$2,262$189
Denver, CO$2,218$185
Memphis, TN$2,218$185
Atlanta, GA$2,192$183
San Jose, CA$2,130$178
Phoenix, AZ$2,076$173
Portland, OR$2,048$171
San Diego, CA$2,038$170
Boston, MA$2,032$169
Jacksonville, FL$2,020$168
Chicago, IL$1,976$165
Dallas, TX$1,944$162
Houston, TX$1,932$161
Seattle, WA$1,926$161
Nashville, TN$1,856$155
Milwaukee, WI$1,846$154
Albuquerque, NM$1,814$151
San Antonio, TX$1,758$147
Omaha, NE$1,710$143
Fort Worth, TX$1,702$142
Austin, TX$1,678$140
Indianapolis, IN$1,534$128
Columbus, OH$1,414$118
Charlotte, NC$1,352$113

When analyzing Toyota Tundra auto insurance rates from a broader perspective, states like Iowa ($1,280), North Carolina ($1,198), and Idaho ($1,362) have cheaper Tundra insurance rates, while states like Michigan ($2,560), Louisiana ($2,238), and even to an extent Rhode Island ($2,338) have expensive car insurance rates.

Insurance rates in most states thankfully do not tend toward the high side. More average-leaning states like West Virginia, Wyoming, and Texas have rates of $1,694, $1,688, and $1,762 per year, respectively.

Average insurance rates on a 2023 Toyota Tundra are shown in the table below for all fifty U.S. states.

Toyota Tundra Average Insurance Cost by State for 2023
U.S. State Annual Cost Six-month Cost Monthly Cost
Alabama$1,710$855$143
Alaska$1,444$722$120
Arizona$1,738$869$145
Arkansas$1,982$991$165
California$2,282$1,141$190
Colorado$2,030$1,015$169
Connecticut$2,106$1,053$176
Delaware$2,152$1,076$179
Florida$2,342$1,171$195
Georgia$1,936$968$161
Hawaii$1,304$652$109
Idaho$1,362$681$114
Illinois$1,666$833$139
Indiana$1,424$712$119
Iowa$1,280$640$107
Kansas$1,864$932$155
Kentucky$2,028$1,014$169
Louisiana$2,238$1,119$187
Maine$1,156$578$96
Maryland$1,762$881$147
Massachusetts$2,062$1,031$172
Michigan$2,560$1,280$213
Minnesota$1,632$816$136
Mississippi$1,850$925$154
Missouri$2,134$1,067$178
Montana$1,742$871$145
Nebraska$1,590$795$133
Nevada$2,258$1,129$188
New Hampshire$1,280$640$107
New Jersey$2,288$1,144$191
New Mexico$1,566$783$131
New York$2,190$1,095$183
North Carolina$1,198$599$100
North Dakota$1,576$788$131
Ohio$1,336$668$111
Oklahoma$2,084$1,042$174
Oregon$1,772$886$148
Pennsylvania$1,822$911$152
Rhode Island$2,338$1,169$195
South Carolina$1,592$796$133
South Dakota$1,946$973$162
Tennessee$1,806$903$151
Texas$1,762$881$147
Utah$1,666$833$139
Vermont$1,390$695$116
Virginia$1,272$636$106
Washington$1,712$856$143
West Virginia$1,694$847$141
Wisconsin$1,368$684$114
Wyoming$1,688$844$141

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Toyota Tundra, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Toyota Tundra trim levels. Physical damage deductibles are $500 and rates are averaged for all Zip Codes in each state.Data last updated on August 12, 2023
Toyota Tundra insurance rates by U.S. state

Some other important insights as they relate to insurance costs on a Toyota Tundra include:

  • Policy discounts mean cheaper Tundra insurance. Discounts may be available if the policyholders belong to certain professional organizations, are accident-free, insure multiple vehicles on the same policy, are away-from-home students, or other discounts which could save the average driver as much as $322 per year on the cost of insuring a Toyota Tundra.
  • Tundra insurance for teen drivers is expensive. Average rates for full coverage Tundra insurance costs $6,696 per year for a 16-year-old driver, $6,302 per year for a 17-year-old driver, and $5,902 per year for an 18-year-old driver.
  • Raise your credit score to score lower rates. In states that allow a driver’s credit history to be used for generating rates, having excellent credit of 800+ could save $299 per year compared to a decent credit rating of 670-739. Conversely, a weaker credit score could cost up to $347 more per year.
  • Gender and age affect the rate you pay. For a 2023 Toyota Tundra, a 20-year-old man pays an estimated $3,792 per year, while a 20-year-old woman pays $2,800, a difference of $992 per year in the women’s favor by a large margin. But by age 50, male driver rates are $1,732 and female driver rates are $1,698, a difference of only $34.
  • Prepare for sticker shock for high-risk insurance. For a 30-year-old driver, the requirement to buy a high-risk policy increases the cost by $2,312 or more per year.
  • Being a good driver saves money. Too many at-fault accidents can raise rates, as much as $884 or more per year for a 30-year-old driver and as much as $596 per year for a 50-year-old driver.