Toyota Tundra Car Insurance Rates for 2023

• Toyota Tundra car insurance costs an average of $1,856 per year, or about $155 per month for a policy with full coverage.
• The Tundra SR Double Cab 2WD trim level is the cheapest to insure at around $1,638 per year. The most expensive trim is the Capstone Crew Max Hybrid 4WD at $2,020 per year.
• Out of seven vehicles in the full-size pickup truck segment, the Tundra ranks third for insurance affordability.
• On a state level, insurance rates range from a low of $1,292 per year in Ohio to $2,534 in Michigan. Rates in a few larger cities include $1,902 in Dallas, TX, $1,932 in Chicago, IL, and $2,306 in Baltimore, MD.

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.

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 $1,638 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.

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.

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.

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 average insurance rates for a Toyota Tundra in the most populated areas in the United States.

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.

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 $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.