Compare Toyota car insurance quotes.

On average, Toyota drivers save hundreds of dollars per year by comparing quotes with us.

Get quotes from 75+ Canadian providers in 3 minutes.

How much is auto insurance for a Toyota?

Are you trying to figure out the average insurance costs for a Toyota?

This figure won’t get you any closer to determining how much you could pay for insurance.

This is because a multitude of variables determine how much you pay for car insurance for your Toyota vehicle. The car model you choose is one of them.

Car model matters because of how much it could potentially cost to repair or replace it. Insurance companies keep detailed records of not only car prices, but how much it costs to service all different types of cars. 

We've also included findings from the Insurance Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA), to give you a better sense of the safety rankings for each vehicle.

Insurance companies are invested in knowing how much damage a car can withstand and what it might cost to repair or replace it and safety rankings can influence risk modelling. 

To show you how much car insurance for a Toyota might cost you, we’ve included real Toyota car insurance quotes from real LowestRates.ca customers below.

Estimated Premium for Toyota Corolla

Front view of a car. Illustration.

See how our customers save big on auto insurance.

CustomerLocationVehicleLowest RateAverage RateSaved
Quote from March 02, 2021
Customer
Male, 24 years old
Location
ontario
Vehicle
2020 TOYOTA COROLLA SE 4DR
Lowest Rate
$3,420/yr
Average Rate
$5,071/yr
Saved
33.00%
Quote from March 02, 2021
Customer
Male, 25 years old
Location
ontario
Vehicle
2020 TOYOTA COROLLA XSE 4DR
Lowest Rate
$3,270/yr
Average Rate
$4,684/yr
Saved
30.00%

About the Toyota Corolla

  • Four out of the last five editions of the Toyota Corolla 4-door sedan have been named Top Safety Picks by the IIHS.
  • The most recent model of the car was given Good ratings across the board, with the exception of the Headlights component of its Crash avoidance and mitigation category, where it scored Acceptable/Marginal depending on the trim.
  • The 2019 version of the Corolla sedan, which was not named a top safety pick, was given Acceptable ratings in two categories; headlights under crash avoidance and mitigation and LATCH ease of use under child seat anchors.
  • The Corolla Hatchback, which was rated by the IIHS for the first time in 2019 was also named a Top Safety Pick.
  • The NHTSA awarded the Corolla four and five stars across the board, with the exception of the 2011 Toyota Corolla 4 DR FWD, which scored four stars in the frontal crash category, two stars in the side crash category and four stars in the rollover category.
  • The price of Canada’s most popular Toyota Corolla won’t vary as much as a luxury vehicle. However, the final price can still range anywhere between$18,990 to $28,490.

Estimated Premium for Toyota RAV4

Front view of a car. Illustration.

See how our customers save big on auto insurance.

CustomerLocationVehicleLowest RateAverage RateSaved
Quote from March 01, 2021
Customer
Male, 69 years old
Location
ontario
Vehicle
2020 TOYOTA TRUCK/VAN RAV4 LE 4DR AWD
Lowest Rate
$1,610/yr
Average Rate
$3,654/yr
Saved
56.00%
Quote from March 01, 2021
Customer
Male, 41 years old
Location
ontario
Vehicle
2020 TOYOTA TRUCK/VAN RAV4 XLE HYBRID 4DR AWD
Lowest Rate
$2,462/yr
Average Rate
$3,523/yr
Saved
30.00%

About the Toyota RAV4

  • The Toyota RAV4 has been selected as a Top Safety Pick by the IIHS every year since 2014. However, it’s important to note some issues with the 2014 model that were not rectified in more recent reviews of the vehicle.
  • These problems are often found in the crashworthiness category of the IIHS report, where the RAV4 was given a poor rating for the design of its overlap front on the driver side and the design of its overlap front on the passenger side.
  • While this issue was partially addressed in the 2015 edition of the model, the poor rating in the small overlap front on the passenger side remained, along with the addition of a marginal rating in the child seat anchors category.
  • In 2016, the poor rating of the small overlap front on the passenger side still remained, along with a marginal rating of the child seat anchors and an acceptable/marginal rating of the crash avoidance capabilities of the headlights.
  • Little changes have been seen in these ratings in 2018 and 2019 models.
  • The NHTSA awarded the RAV4 four or five stars across all categories with the exception of the 2011 model, which received three stars in the frontal crash category.
  • The Toyota RAV4 can be purchased for between $28,090 and $41,250 depending on the model and trim.

Your questions about Toyota auto insurance rates, answered.

What is the cheapest Toyota to insure?

The price of car insurance for a Toyota can vary and it’s difficult to say which Toyota model is the most cost-effective to insure. Whether you’re able to secure cheap car insurance for your Toyota depends largely on your own personal driving and insurance history. However, it is still a factor. Other things that influence the rate you’re given for your Toyota is the insurance broker or company you choose. 

Insurance companies across Canada use data collected by the Insurance Bureau of Canada (IBC) to determine which cars are the most and least risky to insure. While there are a number of other factors insurance providers consider before the type of vehicle you drive, it’s definitely taken into account.

According to the 2019 CLEAR vehicle rating system created by the IBC, the Toyota Tacoma and the Toyota Sienna both cost below-average for almost every type of insurance coverage (comprehensive, accident benefits, direct compensation property damage and collision). On the other hand, the Toyota 4Runner, the Camry and the RAV4 consistently cost above average for the aforementioned types of insurance.

What are the most common insurance claims made for a Toyota?

Insurance coverage for your Toyota may depend on the types of claims you anticipate. Everyone drives differently, which is why the claims you’re most likely to file are different than those of others. However, the Insurance Institute for Highway Safety (IIHS) collects information about the types of claims most often filed by the drivers of different vehicles.

For example, among smaller models, drivers of the Toyota Corolla have filed the most claims for personal injury, medical payment and bodily injury. In every claim category, the Corolla ranked “substantially worse than average” — the worst ranking on a five-point scale. When it comes to mid-sized modes, both the Toyota Prius and the Toyota Camry also ranked “substantially worse than average” for comprehensive claims.

Used vs. new Toyotas: which is cheaper to insure? 

How much is insurance for a Toyota, you ask? There are many factors that come into play when it comes to how much you’ll pay in car insurance premiums. On the one hand, a new Toyota is more expensive than a used Toyota, which means that replacing it will cost more.

However, it’s also important to note that a used car is more likely to break down compared to a new car. Depending on how old your used Toyota is, your insurance company might deem it a higher risk than driving a new car.

What is the best car insurance for a Toyota?

The best car insurance policy for your Toyota depends on the model you’re driving as well as your own personal circumstances. For instance, you’ll likely want to purchase more insurance for a brand new Toyota Avalon as opposed to a used Toyota Corolla. Here’s some more information about what type of car insurance you need, and some additional coverages you may want.

In order to drive a vehicle, all Canadians must carry a basic level of third-party liability insurance. The required benefit may change depending on the province you live in.

Liability coverage protects you from insurance and legal costs if you injure another person in a collision. Accident benefits coverage, which is contained within third-party liability insurance, pays for your medical costs and provides you with replacement income if you are injured.

Based on your needs, you might want to add some of these coverages to your policy:

Collision insurance - This coverage provides compensation to be put towards a new car if yours is damaged in an accident.

Comprehensive insurance - This optional coverage pays for losses or damage to your car caused by things other than a collision: a fallen tree, a hail storm, or vandalism, for instance.

Extra car insurance can be worth purchasing if your car is a newer model. If it would be too expensive to pay for extensive repairs or to replace your car by paying out-of-pocket, extra insurance may be worth it.

Just remember that adding coverage will increase your auto insurance bill — but in some cases, that isn’t always a bad thing.

How are car insurance quotes for a Toyota calculated?

Getting the best insurance rate for your Toyota can be complicated. This is because there are so many different factors that can come into play. Your driving history will be the first thing insurance providers take into account when considering your premiums. If you’ve racked up any driving offences such as collisions or many speeding tickets, you’ll likely pay higher car insurance premiums. In addition, factors out of your control will also contribute to your premiums. Your age and location will also come into effect. This is why insurance for young drivers of Toyota vehicles will likely be more expensive. In addition, the loss ratios of the insurance company you’ve decided on will also come into play. This term refers to how much money your insurance provider paid out in customer claims that year, which they’ll need to make up for with premium income.

Lastly, the car you choose to drive may play a role in determining car insurance rates for your Toyota. The Insurance Bureau of Canada (IBC) collects claims data from insurance companies and compiles it in a database known as the CLEAR system. This data is then referenced by insurance providers in determining which vehicles are more prone to accidents in any particular year. The previously listed factors are more significant in calculating your premium, but the type of car you drive still matters.

The best way to calculate car insurance for your Toyota is to get a quote on LowestRates.ca. By comparing Toyota insurance quotes online, you’ll not only receive quotes provided from real car insurance providers, but you’ll be able to select the one that has the best car insurance rate for your Toyota. Compare Toyota insurance quotes today by entering your postal code and clicking the “Get Started” button.

Other factors that influence your auto insurance rate

Beyond the vehicle you choose to buy, a number of other factors can influence whether you get the best car insurance rates for your Toyota. Some of these may include, your driving record, the age of your vehicle, your age, and where you live. Select a few of these factors and describe them here.

  • Where you live: Location has the potential to impact your auto insurance premiums depending on the weather conditions in your region, whether your area has a high crime rate, or even whether you live in a rural area as opposed to an urban area.
  • Driver experience: Your age and level of driving experience is also a factor. For example, if you’re under the age of 25, you’ll likely pay a higher rate. In addition, the number of years you’ve had your license can also affect your rates.
  • Driving record: Any driving convictions or at-fault accidents that have taken place over the last six years may also impact your rates. The more driving convictions you have, especially those resulting in a driver’s license suspension, can result in higher rates. At-fault accidents have a similar effect, as insurers interpret collisions to mean you’re a higher risk to insure.

Before your Toyota insurance is up for renewal, be sure to compare rates on LowestRates.ca to see how much you can save.

Is it safe to buy Toyota insurance online?

Shopping for Toyota insurance online is safe and fast.

If you’re in the market to buy or your current Toyota insurance is close to renewal, our secure online tool will provide quotes for Toyota insurance from Canada’s leading insurance companies. It takes most of our users three minutes or less.

After you receive your quotes, we’ll connect you with the agent or broker with your best Toyota insurance rate.

On average, LowestRates.ca users are able to lower their car insurance bill by 30%. Compare Toyota insurance quotes today and find out how much you can save.

Auto insurance news

Read More Like This