- Toyota Venza insurance costs $1,650 per year for a full coverage policy, depending on the trim level.
- The Toyota Venza is one of the cheaper midsize SUVs to insure, costing $120 less per year on average as compared to other midsize SUVs
- The Venza LE trim level is the cheapest to insure at around $1,572 per year. The most expensive trim is the Limited at $1,710 per year.
How much does Toyota Venza car insurance cost?
Toyota Venza insurance averages around $1,650 a year for full coverage, or $138 each month. Plan on paying about $120 less annually to insure a Toyota Venza compared to the midsize SUVs average rate, and $78 less per year than the $1,728 average for all vehicles.
The following chart shows how average Toyota Venza car insurance rates vary depending on driver age and coverage deductibles.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
Other notable rates and policy discounts available for Toyota Venza auto insurance include:
- Venza insurance rates for teenagers are high. Average rates for full coverage Venza insurance costs $5,886 per year for a 16-year-old driver, $5,514 per year for a 17-year-old driver, and $5,152 per year for an 18-year-old driver.
- Find cheaper rates by qualifying for policy discounts. Discounts may be available if the insureds insure their home and car with the same company, are senior citizens, are accident-free, work in certain occupations, take a defensive driving course, or many other policy discounts which could save the average driver as much as $276 per year on the cost of insuring a Toyota Venza.
- Careless drivers have higher insurance rates. Being the cause of frequent accidents will raise rates, potentially by an additional $2,310 per year for a 20-year-old driver and as much as $500 per year for a 60-year-old driver.
- Obey driving laws to save money. If you want to receive the lowest-priced Venza insurance rates, it pays to follow the law. Just one or two speeding tickets have the potential to raise policy rates by up to $432 per year.
- Young males pay a lot more for insurance. For a 2023 Toyota Venza, a 20-year-old male driver pays an average rate of $3,284 per year, while a 20-year-old female will pay an average of $2,432, a difference of $852 per year in the women’s favor by a large margin. But by age 50, male rates are $1,502 and the rate for females is $1,474, a difference of only $28.
- Improve your credit to save money. In states that have insurance regulations that allow credit ratings to be used as a price factor, having an excellent credit score over 800 could save $259 per year compared to a decent credit rating of 670-739. Conversely, a subpar credit score could cost as much as $300 more per year.
- As driver age goes up, rates trend downward. The difference in insurance cost on a 2023 Venza between a 60-year-old driver ($1,478 per year) and a 20-year-old driver ($3,284 per year) is $1,806, or a savings of 75.9%.
How does Venza insurance compare to similar vehicles?
When compared directly to popular models in the midsize SUV segment, Toyota Venza car insurance costs $276 less per year than the Jeep Grand Cherokee, $156 less than the Toyota Highlander, $108 more than the Ford Explorer, and $318 less than the Jeep Cherokee.
The Toyota Venza ranks ninth out of 31 comparison vehicles in the midsize SUV class. The Venza costs an average of $1,650 per year for insurance and the segment average is $1,770 annually, a difference of $120 per year.
The chart below shows where the average cost of insurance for a Venza lands amongst the top 10 most popular midsize SUVs in America.
|8||Volkswagen Atlas Cross Sport||$1,616||-$34|
|19||Mitsubishi Outlander Sport||$1,790||$140|
|23||Hyundai Santa Fe||$1,858||$208|
|24||Jeep Grand Cherokee||$1,926||$276|
|28||Tesla Model Y||$2,026||$376|
|29||Mitsubishi Outlander PHEV||$2,072||$422|
What is the cheapest Toyota Venza insurance?
The cheapest model of Toyota Venza to insure is the base LE at an estimated $1,572 per year, or about $131 per month. The second cheapest model is the XLE at $1,650 per year, and the third cheapest trim (and most expensive) to insure is the Nightshade Edition at $1,666 per year.
The table below shows the average car insurance rates for annual and 6-month policy terms, in addition to a monthly insurance rate, for each 2023 Toyota Venza package and trim level.
|Toyota Venza Trim Level||Annual Policy||Six-Month Policy||Per Month|
Do new Venza models cost more to insure?
A new 2023 Venza is definitely more expensive than an older model to insure. A 2015 Venza costs around $1,390 per year for insurance, $260 less per year than the 2023 Venza rate of $1,650.
The following data table illustrates average insurance cost data for a Toyota Venza for various Toyota Venza model years and driver age groups. Insurance rates range from a minimum of $982 for a 60-year-old driver rated on a 2014 Toyota Venza to the most expensive rate of $3,284 for a 20-year-old driving a 2023 model year.
|Model Year and Vehicle||Driver Age 20||Driver Age 40||Driver Age 60|
|2023 Toyota Venza||$3,284||$1,650||$1,478|
|2022 Toyota Venza||$3,160||$1,586||$1,418|
|2021 Toyota Venza||$3,488||$1,746||$1,560|
|2015 Toyota Venza||$2,778||$1,390||$1,244|
|2014 Toyota Venza||$2,166||$1,096||$982|
|2013 Toyota Venza||$2,484||$1,258||$1,122|