Buy Cheap Toyota Auto Insurance in 2023

Toyota auto insurance rates vary depending on your model, but generally, most Toyota auto insurance rates are reasonable. While young drivers and drivers with poor driving records will have a harder time finding cheap Toyota auto insurance, most drivers can buy cheap auto insurance by shopping around for coverage.

Continue reading to learn more about cheap auto insurance for Toyotas, coverages you should consider buying, and average coverage rates by model.

Types of Auto Insurance for Toyotas

When shopping for auto insurance for your Toyota, remember that you must carry the coverage amounts required by your state. If you aren’t sure what coverages your state requires, check out our guide to minimum auto insurance required by state. 

Most U.S. states require you to carry liability insurance, but others may require additional coverages. Take a look at the types of auto insurance for Toyotas your state may require below:

• Bodily injury liability coverage: Bodily injury liability coverage is a part of liability auto insurance that pays for the medical bills of any drivers you injure in an accident.
• Property damage liability coverage: Property damage liability covers any repair expenses if you hit another vehicle or an object.
• Medical payments coverage: If you or anyone in your vehicle suffers injuries during a car accident, medical payments will help pay your medical bills regardless of who caused the accident.
• Personal injury protection coverage: If you or anyone in your vehicle suffers injuries during a car accident, personal injury protection helps pay your medical bills, lost wages, and other injury-related costs.
• Underinsured motorist coverage: If the person who hit your car doesn’t have enough insurance to pay for your repairs, this coverage will help cover your repair bills.
• Uninsured motorist insurance: If the person who hit your car doesn’t have insurance, this coverage will help pay your repair bills.

These are the only coverages your state may require to drive legally, but if you have a lease or loan, your lender will require you to carry comprehensive and collision insurance. Combined with liability insurance, these coverages create a full coverage auto insurance policy that pays for others’ repairs and your own repairs after an accident.

Collision auto insurance will cover your car’s repairs if you hit another car. It also covers repairs if you crash into an object like a fence post or a tree. On the other hand, comprehensive auto insurance covers incidents outside your control, like damages from weather, falling objects, vandalism, and animal collisions. Find out how much auto insurance coverage you need.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

Average Toyota Auto Insurance Rates

Since comprehensive, collision and liability insurance are some of the more common coverages drivers carry on their Toyotas, we want to review how much these coverages cost.

The Toyota CH-R, Toyota Yaris, and Toyota Prius are some models with average cheaper rates. On the other end is the Toyota Land Cruiser, which has the most expensive average auto insurance rates out of all the Toyota models.

Since insurance companies use other factors besides models to determine rates, we also want to look at average rates by age and driving record.

While young drivers have higher insurance rates on average due to their inexperience, they can do a few things to lower rates, such as keeping a clean driving record and applying for young driver discounts.

How to Save on Toyota Auto Insurance

No matter what Toyota model you own, there are a few things you can do to lower your Toyota auto insurance rates. Take a look at our saving tips below:

• Get an auto insurance bundling discount. Insurance companies usually let you bundle your auto insurance with another type of insurance, such as home insurance, to earn a significant bundling discount.
• Increase your auto insurance deductible. Increasing your insurance deductible will lower your auto insurance rates, but make sure the deductible amount is still something you can pay out of pocket.
• Maintain a low annual mileage. Drivers who drive less often receive lower rates since less driving means a lower chance of getting in an accident and filing a claim. Learn how to get a low-mileage auto insurance discount.
• Maintain a clean driving record. Insurers view drivers with no accidents or claims on their record as low risk to insure. So they’ll receive lower rates.

Another thing you can do to lower your auto insurance rates quickly is to shop around for quotes. There may be a company with cheaper rates than your current company. If you’re already with one of the cheapest auto insurance companies, follow the tips above to try and reduce your costs.

The Final Word on Toyota Auto Insurance

Your Toyota auto insurance rates depend on the model you own, your coverage options, driving record, and other important factors. Most drivers can find savings by bundling insurance policies, keeping a clean driving record, and shopping around for auto insurance quotes.

If you wish to shop for a cheaper auto insurance rate for your Toyota, use our free quote comparison tool. It will help you find the cheapest rate from car insurance companies in your area. Find out how to buy auto insurance.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption