Cheap Toyota Car Insurance in 2024 (Top 10 Low-Cost Companies)
Geico, Erie, and American Family offer the best cheap Toyota car insurance, starting at just $48/month. Geico offers Toyota insurance discounts for safe driving and bundling, Erie provides low rates with accident forgiveness, and American Family saves drivers money with loyalty discounts and rate stability.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
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UPDATED: Nov 27, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Nov 27, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
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1,814 reviewsCompany Facts
Min. Coverage for Toyota
A.M. Best Rating
Complaint Level
Pros & Cons
1,814 reviews
2,180 reviewsCompany Facts
Min. Coverage for Toyota
A.M. Best Rating
Complaint Level
Pros & Cons
2,180 reviewsGeico, Erie, and American Family are the top cheap Toyota car insurance choices due to their bundling discounts, accident forgiveness, and multi-policy savings.
Geico helps drivers save by offering discounts for safe driving and combining policies. Erie keeps rates low with its accident forgiveness, and American Family offers savings through loyalty discounts.
Our Top 10 Company Picks: Cheap Toyota Car Insurance| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $48 | A++ | Competitive Pricing | Geico |
 | #2 | $50 | A+ | Regional Focus | Erie |
 | #3 | $55 | A | Loyalty Discounts | American Family |
 | #4 | $56 | A+ | Usage-Based Savings | Progressive |
 | #5 | $57 | B | Safe Drivers | State Farm |
 | #6 | $60 | A | Member Benefits | AAA |
 | #7 | $63 | A | Bundling Incentives | Farmers |
 | #8 | $65 | A+ | Early Discounts | Allstate |
 | #9 | $68 | A+ | Customer Service | Amica |
 | #10 | $69 | A | Customizable Policies | Liberty Mutual |
Toyota drivers who want the best rates should look for deals and keep their driving records clean. Comparing several prices is still the best way to find the cheapest Toyota car insurance that fits your needs.
Discover affordable prices on Toyota auto insurance with our free comparison tool.
- Geico offers the best savings on cheap Toyota car insurance for safe drivers
- Erie provides cheap Toyota insurance rates with accident forgiveness
- AmFam gives exclusive discounts for multi-policy Toyota coverage
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#1 – Geico: Top Overall Pick
Pros
- Cheap Toyota Plans: You may get the best deal on Toyota insurance with Geico. Rates start at $48/month.
- Safe Driver Discounts: Toyota drivers without accidents or claims can get up to 25% off Geico insurance rates.
- Package Deals: Geico discounts Toyota owners who bundle auto and home coverage. Read more in our Geico auto insurance review.
Cons
- Premium Surges for Risky Drivers: Any history of accidents for Toyota drivers can result in substantially higher rates.
- Mixed Service Experience: According to Toyota consumers, Geico’s customer service and claims handling are uneven.
#2 – Erie: Cheapest Regional Rates
Pros
- Competitive Toyota Rates: Getting Toyota insurance from Erie for $50 a month is quite budget-friendly. Compare quotes in our Erie insurance review.
- Incident Forgiveness: Erie’s accident forgiveness ensures that Toyota drivers do not experience rate increases following their initial incident.
- High Claims Satisfaction: Erie is one of the top three Toyota insurance claims handling and customer service companies.
Cons
- Limited Availability Nationwide: There are certain regions where you cannot get Erie Toyota insurance.
- Increased Costs for Performance Toyotas: There might be a premium increase for more sporty Toyotas.
#3 – American Family: Cheapest With Loyalty Discounts
Pros
- Loyalty-Based Toyota Savings: Toyota owners who renew coverage or add children to their policies receive special loyalty discounts. Find out what types of car insurance coverage American Family offers.
- Stable Rates: American Family offers rate stability to protect safe Toyota drivers from sudden increases in their premiums.
- Youthful Driver Discounts: Even more discounts are available for families who have teenage drivers on the road.
Cons
- Loyalty Perks Require Time: It takes a long time for Toyota drivers to stay with American Family and get loyalty discounts.
- Limited Customization Choices: With American Family, you don’t have as many options for tailoring your Toyota insurance policy.
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#4 – Progressive: Best Usage-Based Savings
Pros
- Usage-Based Program: Progressive Snapshot provides Toyota drivers with impressive savings through its driving behavior tracker.
- Discounts for Safety Features: There are further discounts available for Toyota cars that have safety technologies installed.
- Multi-Toyota Discounts: Lower rates are available to families who own multiple Toyota vehicles. Check out insurance savings in our Progressive insurance review.
Cons
- Savings Vary by Driver: Your Toyota insurance costs could go up with Snapshot if you have a longer commute or drive at night.
- Service Quality Fluctuates: Progressive gets mixed reviews when it comes to Toyota car insurance customer service.
#5 – State Farm: Cheapest for Safe Drivers
Pros
- Discounts for Safe Toyota Drivers: State Farm offers discounts for Toyota drivers with clean driving records.
- Drive Safe & Save App: If you’re a safe driver, you can lower your Toyota insurance rates by allowing the State Farm Drive Safe & Save app to track your driving habits.
- Quick Claims Service: State Farm is among the top ten Toyota auto insurance companies for claims handling, offering better service than Geico and American Family.
Cons
- Limited Discounts for Older Toyotas: Older models might not qualify for specific savings opportunities.
- Lower Financial Strength: The lower financial rating of State Farm may cause some concern among Toyota drivers.
#6 – AAA: Cheapest for Members
Pros
- Special Member Discounts: AAA members are eligible for special discounts on Toyota insurance.
- Strong Financial Rating: Reliable Toyota insurance is ensured by AAA’s strong financial stability.
- Travel Perks: People with an AAA membership and Toyota insurance can earn good travel rewards. They can also enjoy lower prices when booking hotels or renting cars.
Cons
- Higher Costs for Non-Members: Annual AAA membership fees could increase Toyota auto insurance costs. Compare quotes now in our AAA insurance review.
- Fewer Online Tools: Fewer digital choices are available to manage Toyota coverage.
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#7 – Farmers: Cheapest When Bundling Policies
Pros
- Big Bundle Discounts: Toyota drivers who buy home and auto insurance from Farmers can save 20%.
- Signal App Discounts: Toyota owners can use the Farmers’ Signal app to track their driving behaviors and save up to 30%.
- Accident Forgiveness: When a Toyota driver has their first accident, they are exempt from premium hikes. Learn more in our Farmers Insurance review.
Cons
- Higher Premiums: The base rate for Toyota insurance from Farmers is $63/month, which is higher than the market average.
- Bundling Required for Savings: Toyota drivers must bundle their coverage for significant discounts.
#8 – Allstate: Best for Early Discounts
Pros
- Early Signing Savings: Toyota owners who sign up early can enjoy exclusive savings from Allstate. Check out our Allstate insurance review to learn more.
- Drivewise for Toyota: Toyota customers who consistently practice safe driving practices can earn incentives through the Allstate Drivewise usage-based app.
- Multi-Vehicle Discounts: Families can save 25% on car insurance for numerous Toyotas.
Cons
- Higher Starting Rates: The base rate for Toyota insurance with Allstate is $65 per month, which is more expensive than other companies.
- Fewer Discounts for Older Toyotas: A lot of rebates and discounts cannot be applied to older Toyota models.
#9 – Amica: Best Customer Service
Pros
- Exceptional Customer Service: Amica is the second-highest company for Toyota claim satisfaction in annual J.D. Power customer surveys.
- Multi-Car Savings: Save money on Toyota car insurance with Amica if you add more than one car to your policy. Explore coverage options in our Amica insurance review.
- Bundle Savings: Toyota drivers who bundle Amica car insurance with a home or renters policy can save 30%.
Cons
- No Usage-Based Discounts: Toyota drivers can’t take advantage of usage-based savings with Amica.
- Limited Digital Services: The Amica insurance website and mobile app aren’t as streamlined as other popular Toyota insurance companies.
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#10 – Liberty Mutual: Cheapest Customizable Policies
Pros
- Toyota Replacement Coverage: Liberty Mutual offers complete replacement coverage for brand-new Toyota vehicles in case of total loss.
- Strong A Rating: Toyota policyholders are safeguarded by Liberty Mutual’s sound financial standing. Our Liberty Mutual insurance review provides more details.
- Savings for Toyota Safety Features: Toyotas with cutting-edge safety features are eligible for savings from Liberty Mutual.
Cons
- Higher Premiums: One of the more expensive options is Liberty Mutual Toyota insurance, which starts at $69 per month.
- Limited Discounts for Older Toyota Models: Savings offers might not apply to older Toyota vehicles.
Getting the Best Toyota Car Insurance Rates
Geico offers the most affordable Toyota insurance, with minimum coverage starting at $48 monthly and full coverage at $150/month.
Toyota Car Insurance Monthly Rates by Provider & Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $60 | $170 |
| $65 | $185 |
| $55 | $160 |
| $68 | $178 |
| $50 | $153 |
| $63 | $175 |
| $48 | $150 |
| $69 | $185 |
| $56 | $165 |
| $57 | $161 |
Full coverage Toyota insurance from Erie and American Family costs between $160 and $153. Full coverage auto insurance is an option for Toyota owners who want more extensive financial protection. This policy includes comprehensive, liability, and collision coverage.
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The cost of Toyota insurance depends on a number of different factors. The type of Toyota model has a big impact. For example, high-performance models like the Toyota Supra usually have higher insurance costs than regular models like the Corolla or Camry.
It also matters where a Toyota driver lives, the policyholder’s age, and driving history. For example, younger Toyota drivers, especially those under 25, often have to pay higher prices because they are less experienced. American Family offers the best Toyota auto insurance rates to young drivers.
Toyota drivers can lower their car insurance by choosing the best deductible and keeping a clean driving record. You’ll get the best rates if you avoid accidents and claims.
Maximizing Savings with Toyota Insurance Discounts
Toyota drivers can lower their insurance costs by looking into different companies and discount programs for safe driving or safety features.
Toyota Car Insurance Discounts From the Top Providers| Insurance Company | Available Discounts |
|---|---|
| Multi-policy, Good driver, Safe driver, Loyalty, Defensive driving, Anti-theft, Good student, New vehicle |
| Multi-policy, Early signing, Good student, Safe driver, New car, Anti-theft, Drivewise (usage-based), Responsible payer |
| Multi-policy, Multi-vehicle, Good student, Auto safety equipment, Defensive driving, Early-bird, Loyalty, Low mileage |
| Multi-policy, Multi-vehicle, Loyalty, Defensive driving, Auto-pay, Good student, Anti-theft, Legacy (family plan) |
| Multi-policy, Safe driver, Pay-in-full, Reduced usage, Anti-theft, Accident prevention, Age-based, First accident forgiveness |
| Multi-policy, Multi-vehicle, Good student, Safe driver, Pay-in-full, Good driver, Homeowner, Affinity group |
| Multi-policy, Multi-vehicle, Good driver, Defensive driving, Anti-theft, Good student, Military, New vehicle, Emergency deployment, Vehicle equipment (airbags) |
| Multi-policy, Multi-vehicle, Safe driver, Pay-in-full, Anti-theft, Good student, New vehicle, Hybrid vehicle |
| Multi-policy, Snapshot (usage-based), Homeowner, Good student, Sign online, Continuous coverage, Teen driver, Safe driver |
| Multi-policy, Safe vehicle, Safe driver, Steer Clear (for young drivers), Drive Safe & Save (usage-based), Good student |
Discounts and low rates make Geico, Erie, and American Family the most affordable car insurance companies for Toyotas. Erie offers accident forgiveness at a fair price, Geico helps Toyota owners save with safe driving discounts, and American Family offers multi-policy car insurance discounts.
Online comparison shopping can help Toyota drivers find cheap insurance rates. Carefully comparing plans and discounts is important to make sure that you get the best coverage.
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The Cheapest Toyota Car Insurance Companies
Finding cheap Toyota car insurance is easy. Top providers like Geico, Erie, and American Family offer competitive rates starting as low as $48/month.
Geico’s bundling discounts, Erie’s accident forgiveness, and American Family’s Toyota car insurance discounts give drivers affordable ways to get great coverage.
To lock in the best rates, compare quotes and explore available discounts. Quickly compare affordable auto insurance rates with our free online comparison tool.
Frequently Asked Questions
What are the best car insurance companies for affordable rates?
In terms of low prices, discounts, and great coverage options, Geico, Erie, and American Family are the best auto insurance companies.
What is the average cost of car insurance for Toyota Corolla drivers?
Car insurance for Toyota Corolla drivers starts at around $48/month for minimum coverage, depending on location, age, and driving history.
How can I find the best Corolla insurance options?
To find the best Corolla insurance, compare quotes from providers like Geico and Erie. These companies offer discounts for safe driving and accident forgiveness. Toyota Corolla Hybrid car insurance costs may vary depending on location and driving history.
Is Toyota expensive to insure compared to other brands?
Though high-performance models like the Toyota Supra may have higher premiums, Toyota is generally affordable to insure.
Where can I find Toyota car insurance quotes?
Toyota car insurance quotes are available online through comparison tools that allow you to evaluate rates from top companies like Geico and Progressive.
Is Allstate cheaper than Geico?
Geico is usually cheaper than Allstate for Toyota insurance, with lower monthly premiums and bundling discounts. Compare Allstate vs. Geico renters insurance for rates and bundling discounts.
Why should I read a Toyota car insurance review before choosing coverage?
A Toyota car insurance review provides insights into rates, discounts, and coverage quality, helping you make an informed decision.
What are the key Toyota insurance benefits for drivers?
Toyota’s insurance benefits include discounts for safety features, bundling policies, and accident forgiveness programs, helping drivers save money.
What is the cheapest Toyota to insure?
The Toyota Corolla is the cheapest Toyota to insure, with rates starting at $48/month due to its safety features and affordable repair costs. Enter your ZIP code to see how much Toyota auto insurance costs near you.
What is the lowest form of car insurance?
Liability-only car insurance is Toyota’s lowest form of car insurance, covering basic damages to others.
Who is known for the cheapest car insurance?
Geico is widely recognized for offering the cheapest car insurance, with monthly rates starting at $48 for minimum coverage.
Which insurance is best for Toyota?
Geico is considered the best for Toyota, offering low premiums and discounts for bundling and safe driving.
At what age does car insurance go down?
Car insurance rates typically decrease at age 25, as insurers consider drivers less risky. Finding cheap car insurance for 18-year-old drivers can be challenging, as they often face higher premiums due to inexperience and higher risk.
Is insurance high on Toyotas?
Insurance on Toyotas is generally affordable, though premiums for high-performance models like the Toyota Supra may be higher.
Who is cheaper, Geico or Progressive?
Geico is typically cheaper than Progressive for Toyota insurance, especially for full coverage options.
Does insurance cost more for a Camry than a Corolla?
It’s generally cheaper to insure a Toyota Corolla than a Camry, but the Toyota Camry Hybrid car insurance cost may be higher due to advanced technology.
How can the cost of car insurance be lowered?
To lower monthly costs, maintain a clean driving record, increase your deductible, and explore discounts like bundling or safety feature benefits.
How much is full coverage insurance on a 2024 Toyota Corolla?
Full coverage for a 2024 Toyota Corolla starts at $150/month, depending on location and driving history.
What is the best Toyota car to buy?
The Toyota Corolla is often considered the best car because of its affordability, fuel efficiency, lower insurance costs, and eligibility for car and home insurance discounts when bundled.
Which is the most reliable car of Toyota?
When people think of dependable Toyotas, they usually think of the Camry. Because of its reliability and durability, it has a stellar reputation. Get many affordable auto insurance quotes by using our free comparison tool.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.