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 $1,856 per year for full coverage, or around $155 if paid each month. With the average full-size pickup truck costing $1,915 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 January 23, 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$3,086$257
$500$3,696$308
$250$4,340$362
30$1,000$1,628$136
$500$1,966$164
$250$2,318$193
40$1,000$1,544$129
$500$1,856$155
$250$2,178$182
50$1,000$1,410$118
$500$1,690$141
$250$1,982$165
60$1,000$1,384$115
$500$1,660$138
$250$1,948$162

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 car insurance cheap?

With Toyota Tundra insurance cost ranging from $1,638 to $2,020 annually, the cheapest trim levels to insure are the SR Double Cab 2WD and SR Crew Max 2WD models at an average cost of $1,638 and $1,676 per year, respectively.

On average, plan on paying around $137 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 $2,020 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$1,638$819$137
SR Crew Max 2WD$1,676$838$140
SR Double Cab 4WD$1,692$846$141
SR Crew Max 4WD$1,728$864$144
SR5 Double Cab 2WD$1,734$867$145
SR5 Crew Max 2WD$1,770$885$148
SR5 Double Cab 4WD$1,774$887$148
SR5 Crew Max 4WD$1,804$902$150
Limited Double Cab 2WD$1,816$908$151
Limited Crew Max 2WD$1,844$922$154
Limited Double Cab 4WD$1,852$926$154
Limited Crew Max 4WD$1,872$936$156
Limited Crew Max Hybrid 2WD$1,874$937$156
Limited Crew Max Hybrid 4WD$1,904$952$159
Platinum Crew Max 2WD$1,914$957$160
1794 Edition Crew Max 2WD$1,920$960$160
Platinum Crew Max 4WD$1,938$969$162
Platinum Crew Max Hybrid 2WD$1,940$970$162
1794 Edition Crew Max 4WD$1,944$972$162
1794 Edition Crew Max Hybrid 2WD$1,946$973$162
Platinum Crew Max Hybrid 4WD$1,962$981$164
1794 Edition Crew Max Hybrid 4WD$1,966$983$164
TRD Pro Crew Max Hybrid 4WD$1,986$993$166
Capstone Crew Max Hybrid 4WD$2,020$1,010$168

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 January 23, 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, $72 less than the Ram Truck, $74 less than the Chevrolet Silverado, and $70 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 $1,856 per year to insure for full coverage and the segment median rate is $1,915 per year, a difference of $59 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 January 23, 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$1,746-$110
2Ford F150$1,794-$62
3Toyota Tundra$1,856--
4GMC Sierra$1,926$70
5Ram Truck$1,928$72
6Chevrolet Silverado$1,930$74
7GMC Hummer EV Pickup$2,228$372

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 $526 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 $1,194 for a 60-year-old driver rated on a 2013 Toyota Tundra to the most expensive rate of $3,696 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$3,696$1,856$1,660
2022 Toyota Tundra$3,548$1,782$1,592
2021 Toyota Tundra$3,332$1,670$1,494
2020 Toyota Tundra$3,290$1,646$1,474
2019 Toyota Tundra$3,082$1,540$1,380
2018 Toyota Tundra$2,990$1,490$1,336
2017 Toyota Tundra$2,798$1,398$1,254
2016 Toyota Tundra$3,004$1,500$1,346
2015 Toyota Tundra$2,746$1,378$1,232
2014 Toyota Tundra$2,864$1,434$1,290
2013 Toyota Tundra$2,648$1,330$1,194

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 January 23, 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 $656 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 $1,374 a year in Columbus, OH, or $1,160 in Raleigh, NC, to higher rates such as $2,894 a year in Las Vegas, NV, and $2,886 per year for car insurance in Los Angeles.

The cost of insurance for a Toyota Tundra in some other areas include Memphis, TN, costing $2,180 per year, San Francisco, CA, averaging $2,498, Austin, TX, at $1,640, and Albuquerque, NM, at $1,774.

The following chart visualizes avearge car 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 January 23, 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$3,268$272
Philadelphia, PA$2,902$242
Las Vegas, NV$2,894$241
Los Angeles, CA$2,886$241
San Francisco, CA$2,498$208
Kansas City, MO$2,222$185
Oklahoma City, OK$2,222$185
Denver, CO$2,180$182
Memphis, TN$2,180$182
Atlanta, GA$2,152$179
San Jose, CA$2,090$174
Phoenix, AZ$2,038$170
Portland, OR$2,008$167
San Diego, CA$1,998$167
Boston, MA$1,992$166
Jacksonville, FL$1,986$166
Chicago, IL$1,932$161
Dallas, TX$1,902$159
Houston, TX$1,894$158
Seattle, WA$1,886$157
Nashville, TN$1,818$152
Milwaukee, WI$1,808$151
Albuquerque, NM$1,774$148
San Antonio, TX$1,718$143
Omaha, NE$1,668$139
Fort Worth, TX$1,658$138
Austin, TX$1,640$137
Indianapolis, IN$1,494$125
Columbus, OH$1,374$115
Charlotte, NC$1,312$109

When analyzing Toyota Tundra auto insurance rates from a broader perspective, states like Iowa ($1,240), North Carolina ($1,158), and Idaho ($1,322) have cheaper Tundra insurance rates, while states like Michigan ($2,534), Louisiana ($2,206), and even to an extent Rhode Island ($2,298) 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 $1,654, $1,648, and $1,720 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$1,670$835$139
Alaska$1,404$702$117
Arizona$1,700$850$142
Arkansas$1,942$971$162
California$2,242$1,121$187
Colorado$1,988$994$166
Connecticut$2,064$1,032$172
Delaware$2,110$1,055$176
Florida$2,312$1,156$193
Georgia$1,894$947$158
Hawaii$1,264$632$105
Idaho$1,322$661$110
Illinois$1,624$812$135
Indiana$1,384$692$115
Iowa$1,240$620$103
Kansas$1,828$914$152
Kentucky$1,986$993$166
Louisiana$2,206$1,103$184
Maine$1,118$559$93
Maryland$1,722$861$144
Massachusetts$2,020$1,010$168
Michigan$2,534$1,267$211
Minnesota$1,590$795$133
Mississippi$1,808$904$151
Missouri$2,094$1,047$175
Montana$1,702$851$142
Nebraska$1,550$775$129
Nevada$2,216$1,108$185
New Hampshire$1,242$621$104
New Jersey$2,246$1,123$187
New Mexico$1,526$763$127
New York$2,150$1,075$179
North Carolina$1,158$579$97
North Dakota$1,536$768$128
Ohio$1,292$646$108
Oklahoma$2,046$1,023$171
Oregon$1,730$865$144
Pennsylvania$1,778$889$148
Rhode Island$2,298$1,149$192
South Carolina$1,554$777$130
South Dakota$1,906$953$159
Tennessee$1,762$881$147
Texas$1,720$860$143
Utah$1,622$811$135
Vermont$1,348$674$112
Virginia$1,230$615$103
Washington$1,674$837$140
West Virginia$1,654$827$138
Wisconsin$1,326$663$111
Wyoming$1,648$824$137

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 February 5, 2023
Toyota Tundra insurance rates by U.S. state

Some other important insights as they relate to insurance cost 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 many other discounts which could save the average driver as much as $316 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 $6,524 per year for a 16-year-old driver, $6,140 per year for a 17-year-old driver, and $5,750 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 $291 per year compared to a decent credit rating of 670-739. Conversely, a weaker credit score could cost up to $338 more per year.
  • Gender and age affect the rate you pay. For a 2023 Toyota Tundra, a 20-year-old man pays an estimated $3,696 per year, while a 20-year-old woman pays $2,726, a difference of $970 per year in the women’s favor by a large margin. But by age 50, male driver rates are $1,690 and female driver rates are $1,654, a difference of only $36.
  • 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 $2,254 or more per year.
  • Being a good driver saves money. Too many at-fault accidents can raise rates, as much as $862 or more per year for a 30-year-old driver and as much as $582 per year for a 50-year-old driver.