- Toyota Venza insurance costs $1,424 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 $1,378 per year. The most expensive trim is the Limited at $1,474 per year.
How much does Toyota Venza car insurance cost?
Toyota Venza insurance averages around $1,424 a year for full coverage, or $119 each month. Plan on paying about $120 less annually to insure a Toyota Venza compared to the midsize SUVs average rate, and $143 less per year than the $1,567 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 $5,090 per year for a 16-year-old driver, $4,764 per year for a 17-year-old driver, and $4,450 per year for a 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 $240 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 $1,992 per year for a 20-year-old driver and as much as $432 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 $372 per year.
- Young males pay a lot more for insurance. For a 2022 Toyota Venza, a 20-year-old male driver pays an average rate of $2,834 per year, while a 20-year-old female will pay an average of $2,100, a difference of $734 per year in the women’s favor by a large margin. But by age 50, male rates are $1,300 and the rate for females is $1,274, a difference of only $26.
- 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 $224 per year compared to a decent credit rating of 670-739. Conversely, a subpar credit score could cost as much as $259 more per year.
- As driver age goes up, rates trend downward. The difference in insurance cost on a 2022 Venza between a 60-year-old driver ($1,276 per year) and a 20-year-old driver ($2,834 per year) is $1,558, or a savings of 55%.
How does Venza insurance compare to similar vehicles?
When compared directly to popular models in the midsize SUV segment, Toyota Venza car insurance costs $256 less per year than the Jeep Grand Cherokee, $110 less than the Toyota Highlander, $10 less than the Ford Explorer, and $268 less than the Jeep Cherokee.
The Toyota Venza ranks #6 out of 29 comparison vehicles in the midsize SUV class. The Venza costs an average of $1,424 per year for insurance and the segment average is $1,544 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.
|12||Volkswagen Atlas Cross Sport||$1,528||$104|
|18||Mitsubishi Outlander Sport||$1,548||$124|
|21||Hyundai Santa Fe||$1,590||$166|
|24||Jeep Grand Cherokee||$1,680||$256|
|26||Mitsubishi Outlander PHEV||$1,768||$344|
|28||Tesla Model Y||$1,804||$380|
What is the cheapest Toyota Venza insurance?
The cheapest model of Toyota Venza to insure is the base LE at an estimated $1,378 per year, or about $115 per month. The second cheapest model is the XLE at $1,424 per year, and the third cheapest trim (and most expensive) to insure is the Limited at $1,474 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 2022 Toyota Venza package and trim level.
|Toyota Venza Trim Level||Annual Policy||6-month Policy||Per Month|
Do new Venza models cost more to insure?
A new 2022 Venza is definitely more expensive than an older model to insure. A 2015 Venza costs around $1,278 per year for insurance, $146 less per year than the 2022 Venza rate of $1,424.
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 $902 for a 60-year-old driver rated on a 2014 Toyota Venza to the most expensive rate of $2,834 for a 20-year-old driving a 2022 model year.
|Model Year||Driver Age 20||Age 30||Age 40||Age 50||Age 60|