Toyota: Insuring Your Vehicle

Toyota does offer car insurance for its vehicles, with some interesting perks. The company has partnered with Toggle, a subsidiary of Farmers Insurance, to provide coverage for all car brands. Toyota Insurance is currently available in 43 states, but vehicles are covered in all 50. The cost of insurance varies depending on the model, with the Toyota Land being the most expensive at $2,162 per year, and the Toyota C-HR model insured for $1,417 per year. The average cost of full-coverage car insurance for a 2022 Toyota is $1,964 per year or $164 per month.

Toyota's insurance coverage and perks

Toyota Insurance Coverage and Perks

Toyota has entered the insurance market in recent years offering auto insurance coverage under its own banner. Toyota Insurance is currently available in 43 states, with plans to expand to more. The company has partnered with Toggle, a subsidiary of Farmers Insurance, to provide this coverage.

Comprehensive Cover

Toyota Motor Insurance offers one of the most comprehensive levels of cover available. The cost of insurance is determined by a variety of factors, including age, occupation, car, and driving history.

Uninsured Driver Promise

If you make a claim for an accident that is not your fault and the other driver is uninsured, you will not lose your No Claim Discount, nor will you have to pay any excess. You will, however, need to provide details of the other vehicle, including registration, make, model, and driver details.

Genuine Toyota Repairs

Toyota Insurance Services approved repairers will only repair your car with genuine parts, protecting any existing warranties. This excludes windscreen/glass replacement.

Automatic Courtesy Car Cover

An approved repair centre will provide a courtesy car for the duration of the repair, and your insurance cover will be automatically transferred by your local Toyota centre.

No Claims Discount Protection

Your No Claims Discount can be protected from two years onwards at no extra cost. Each year you drive without claiming on your policy, Toyota will give you an extra year of no claims discount, reducing the cost of your annual insurance when you renew.

24-Hour Accident Helpline

Toyota offers a 24/7 accident helpline to support you in the event of an accident.

Side Hustle® Program

Toyota provides coverage for drivers who engage in certain commercial activities like deliveries or ridesharing.

Pet Passenger® Coverage

Pets riding in your car are also covered in the event of an injury.

Usage-Based Insurance

By opting to share your connected car data via the Toyota app, owners of 2020 and newer models can enroll in Nationwide’s SmartRide safe driving program, which may result in discounts of up to 40% upon renewal. This program is available in AZ, CO, DE, KS, MD, MN, MS, NC, OH, PA, TN, TX, VA, and WA.

Insure Connect

By signing up for Insure Connect, an app that shares your driving data with Toyota Insurance Management Solutions, you could be eligible for discounts based on how well you drive. This is not available in Alaska, California, Hawaii, or New York.

ToyotaCare Roadside Assistance

Roadside assistance is provided automatically for two years or 25,000 miles from the date of first use on new Toyotas. This can help if you are locked out, have run out of fuel, or need a jump start.

Average insurance costs for Toyota models

The cost of insuring a Toyota varies depending on the model, your age, driving history, location, and other factors.

The average cost of Toyota insurance is $212 per month across 12 of the most popular models. The Toyota RAV4 has the lowest average insurance rate among current models, costing $192 per month, while the Toyota Avalon, a discontinued model, is the most expensive at $245 per month.

For a 2023 Toyota Corolla, insurance costs $223 per month on average for an adult driver, while younger drivers can expect to pay around $791 per month. Similarly, insurance for a 2023 Toyota Camry costs $225 per month for an adult and over $700 per month for younger drivers. The Toyota Tacoma, the company's top-selling pickup truck, has an average insurance rate of $200 per month, while the Toyota Highlander costs around $210 per month.

The cost of insurance also varies depending on the insurer. For example, Farm Bureau offers the cheapest rates for a Corolla at $102 per month, while Geico offers the lowest rates for a Camry at $117 per month.

According to MarketWatch, the average cost of full-coverage insurance for a 2022 Toyota is $1,964 per year or $164 per month. The 4Runner is the cheapest model to insure, followed by the RAV4, while the Camry is the most expensive due to its high theft rates.

Overall, while the cost of insuring a Toyota varies, it tends to be more expensive than the national average.

Toyota's insurance partners

Toyota Insurance is the only Toyota-owned independent insurance agency in the USA selling Property & Casualty products. They partner with 23 insurance companies, including American Strategic Insurance, Chubb Limited, Dairyland Insurance, Hagerty Insurance, The Hartford Insurance, Infinity Insurance, Kemper Insurance, Pacific Specialty Insurance, Pure Insurance, Vault Insurance, Travelers Insurance, Progressive Insurance, Nationwide Insurance, Foremost Insurance, Bristol West Insurance, Clearcover Insurance, Mercury Insurance, National General Insurance, and Safeco Insurance.

Toyota Insurance's objective is to make the ownership experience better for Toyota and Lexus drivers by providing them with convenient access to insurance quotes and coverage from their trusted partners. Their goal is to reduce the overall cost of ownership and ensure that Toyotas and Lexuses are repaired using Toyota Genuine Parts whenever possible.

Toyota has also partnered with Toggle, a subsidiary of Farmers Insurance, which acts as the underwriting company. They offer insurance coverage for all car brands, and your vehicle will be covered in all 50 states.

Toyota Insurance also offers innovative programs such as the usage-based insurance program, which could result in more accurate calculations of premium rates. By opting to share your connected car data via the Toyota app, owners of 2020 and newer models can enroll in Nationwide's SmartRide safe driving program and may earn discounts of up to 40% upon renewal.

Toyota Insurance is committed to providing reliable information and affordable coverage to its customers.

Discounts offered by Toyota Insurance

Toyota Insurance offers a range of discounts to its customers. Firstly, they offer a No Claims Discount, which means that for each year a customer drives without claiming on their policy, they will receive an extra year of a no-claims discount, potentially reducing the cost of their annual insurance upon renewal. This discount can be protected at no extra cost and will still apply in the case of vandalism, as long as the incident is reported to the police and given a crime reference number.

Toyota Insurance also offers discounts to qualifying customers who consent to share driving data from eligible vehicles. This data can be shared with Progressive Insurance, who will then offer a discount on auto insurance. This applies to Toyota models from 2018 onwards, including the Camry, RAV4, and other models equipped with the latest connected vehicle technology.

Additionally, Toyota Insurance provides various ways for Toyota owners to save on their policies. For instance, customers with the latest safety features on their vehicles may be eligible for additional savings on their policies. Furthermore, customers who have gone several years without accidents or moving violations may qualify for reduced rates. Good students can also benefit from discounts on their auto insurance by maintaining good grades. Moreover, bundling home, auto, or renters insurance can lead to additional savings.

Toyota Insurance also offers competitive rates for electric cars, with plans to expand their insurance coverage to more states.

Toyota's Insure Connect app

Toyota has recently expanded its services to include auto insurance coverage under its own banner. This insurance is currently available in Arizona, Illinois, Ohio, and South Carolina, with plans to expand to Georgia, Missouri, Tennessee, and Texas. Toyota has partnered with Toggle, a subsidiary of Farmers Insurance, to provide this coverage.

The Insure Connect app is not available in Alaska, California, Hawaii, or New York. Additionally, only eligible vehicles can use the app, and drivers must agree to share their data with Toyota Insurance Management Solutions.

Frequently asked questions