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We narrowed down the top insurance plans and rates for your Toyota.
As the leading auto insurance provider in the United States, State Farm serves more than 85 million customers in all 50 states. Its wide range of affordable coverage plans, discounts and online support are just a few of the components that customers appreciate.
Allstate insures 16 million people across the U.S. and offers plenty of great discounts for Toyota owners. Specifically, models like Toyota Corollas, with safety features like passive restraint systems, antilock brakes and antitheft devices, qualify for the best savings.
Toyota is one of the highest-ranked vehicle manufacturers in America, so it’s not a surprise that most, if not all, auto insurance providers will cover your Toyota. However, it can be overwhelming to sort through countless policy options to identify the one best suited for you.
There is no “one size fits all” within auto insurance policies or providers. Each Toyota model is unique in terms of its safety features, technology and engine, which means your model, along with your driving habits and lifestyle, will shape the coverage you need. This page covers our recommendations for the best auto insurance policies for Toyotas.
Best Auto Insurance for Toyota Overall: State Farm
Best Auto Insurance for the Toyota Corolla: Allstate
Best Toyota Auto Insurance for Veterans/Military: USAA
Best and Cheapest Insurer for Toyota: Liberty Mutual
Best Toyota Auto Insurance for High-Risk Drivers: Acceptance Insurance
Provider | Ranking | Best Category | Better Business Bureau (BBB) Rating (A-F) | Discounts | Review |
---|---|---|---|---|---|
State Farm | 1st | Overall | A+ | Accident-free, good driving, defensive driving course, vehicle safety, multivehicle and more | State Farm review |
Allstate | 2nd | Toyota Corolla | A+ | Multipolicy, new car, smart student, antilock brakes, antitheft device, early signing, FullPay and more | Allstate review |
USAA | 3rd | Veterans/military | Not rated | Clean driving record, good student, bundling policies, multipolicy and more | USAA review |
Liberty Mutual | 4th | Cheap | A+ | Students away at school, good students, military, early shopper, violation-free and more | Liberty Mutual review |
Acceptance Insurance | 5th | High-risk drivers | A+ | Good grades, safe driver, loyalty, bundling and more | Not available |
We all know State Farm for its catchy slogan and classic commercials starring Jake from State Farm. But what makes it one of the most highly ranked, financially strong auto insurers?
State Farm’s century-long history of protecting drivers means it can offer reliable and affordable policies with extensive coverage options. As of December 2022, State Farm’s average annual premium is less than the yearly insurance rate of other auto insurance providers, at $1,419.
Many third-party reviewers rank State Farm highly. J.D. Power, for instance, rates State Farm 847 out of 1,000 in overall customer satisfaction.1 Overall, we find that Toyota owners find the most protective and dependable coverage from State Farm.
State Farm incentivizes safe driving with its Steer Clear program, which offers safe driving discounts of up to 30 percent for teen and young adult drivers. All drivers 25 years old and younger are eligible to participate in this program if they have three years of violation-free driving.
To begin, you can text SAVE to 42407 and download State Farm’s app, Drive Safe & Save, from the App Store or Google Play. You’ll complete driver-focused training modules through the app to learn and practice safe driving habits. Once you complete each of the five modules, you’ll drive a minimum of 10 trips while the app monitors your driving behaviors, such as how you accelerate and brake. Upon completion of the program, you’ll receive a certificate that State Farm will use to calculate your discount.
Drive with confidence, knowing that State Farm’s emergency roadside assistance will protect you in the event of an emergency. If you add this coverage to your policy, call (877) 627-5757 or request help through the mobile app. Roadside assistance covers the following:
In addition to its auto insurance, State Farm offers almost any type of insurance you’ll need, including homeowners’, renters’, condo, life and health insurance policies.
If you bundle your car insurance with a different kind of policy, such as home insurance, you may save up to $1,127. Bundling also simplifies your payment process as you will access all your policies in the same places: your online or mobile app-based State Farm account.
The Insurance Institute for Highway Safety lists the 2022 Toyota Corolla as a top safety pick of the year.2 So, we value companies like Allstate, which offers generous discounts to owners of vehicles with antitheft devices, antilock brakes and passive restraint systems. Such features come standard in all Toyota Corollas made after 2015. Additionally, all Toyotas made in 2018 and after come equipped with Toyota Safety Sense (TSS), a package of advanced safety features like pre-collision systems, brake assist, pedestrian detection and lane departure alerts.3
Allstate began serving customers in 1931 and has provided excellent customer service consistently, demonstrated through its A+ BBB rating, which measures overall customer satisfaction. Between bundle savings, safe driving discounts and discounts for vehicles with top safety features, you may pay less with Allstate than all other providers.
Beyond the savings you’ll receive from your Toyota Corolla’s advanced safety features, Allstate provides other discounts that may apply to you. Discounts vary by state, so be sure to check the Allstate website for updated discounts in your state. Some discounts include:
Less experienced drivers, such as newly licensed teens, are in good hands with Allstate. Allstate offers safeguards to put new drivers and their parents at ease, including:
One of the optional coverages Allstate offers is new car replacement coverage, which protects you in the event of unexpected accidents and totaled vehicles. Unlike many other providers’ policies, which cover only the depreciated value of your totaled car, Allstate’s policy covers the amount you need for a brand-new car. Your car must be two years old or newer to be eligible for coverage, which is why it’s an ideal add-on for new car owners.
USAA started in 1922 when army officers in San Antonio, Texas, began insuring each other’s vehicles. By 2022, the company’s eligibility requirements included all people who have served in the military and their families, covering 13 million drivers across the country. Many people find the most competitive rates with USAA.
Similar to State Farm’s Steer Clear program, USAA offers discounts through its mobile app with the SafePilot program. This optional behavior-based program lowers rates for safe drivers. Once you buy a policy with USAA, you can choose to download its mobile app through the App Store or Google Play store and enroll in the SafePilot program. By enrolling, you’ll receive the automatic 10 percent discount.
Once you begin driving and the app determines whether you’re the passenger or the driver, it’ll log your driving trips and calculate your “driving score” based on factors including:
Your driving score determines your discounts, which can be up to 30 percent off.
USAA offers pay-as-you-drive insurance through its partner car insurance company Noblr, which it acquired in 2021.6 Noblr insurance caters to low-mileage drivers who wish to save based on how much they drive.
While the SafePilot app establishes your discount solely on how safely you drive, the Noblr app measures your mileage along with your driving behaviors to calculate your rate. Therefore, deployed military members and others who go for long periods without driving can earn savings with Noblr. Specifically, if you drive less than 8,000 miles a year, Noblr’s usage-based insurance may be right for you.
If you are deployed away from your home and family or have to move for a permanent change of station (PCS), you’ll stay protected with USAA. Customers who relocate bases can choose to remain covered with USAA’s overseas auto insurance rather than cancel their policies.
With USAA’s overseas insurance coverage, you’ll maintain your basic auto coverages like liability insurance and personal injury protection while also saving on moving and storage expenses during your time away. Discounts on vehicle storage, for example, are available to all USAA customers except residents of Hawaii, North Carolina and Virginia. International coverage plans also differ depending on the country you are traveling to, so make sure to check USAA’s website to learn about a specific country’s requirements.
Liberty Mutual’s 100 years of experience places it among the most reliable insurance providers in the country. Between its wide array of available discounts and personalized coverage policies, we find it offers competitive rates for Toyota owners.
You can download Liberty Mutual Mobile for free from Google Play or the App Store, which enables you to handle just about anything regarding your policy, all from your mobile device. With 4.7 out of five stars on the Google Play store and 4.8 out of five stars on the App Store, this app is an excellent resource for everything policy-related. Here’s a list of the available actions through the app:
If you drive a car that’s considered classic or antique, such as the Toyota Land Cruiser FJ40, which was discontinued in 2001, Liberty Mutual offers affordable and customizable protection plans. Classic car coverage can come in handy in the event of theft or accidents that damage difficult-to-find parts. Liberty Mutual will work with you to create a coverage plan that suits you, which we value since you’re likely driving your antique car on a limited basis.
It’s important to note that your vehicle must meet specific criteria, such as how old your car is (at least 25 years) and how often you drive it, to qualify for classic car insurance. You’ll want to contact a Liberty Mutual agent to determine whether it’s right for you.
The Liberty Mutual Deductible Fund is an optional program you can add to your existing Liberty Mutual policy. You’ll pay $30 a year as a part of yearly insurance premiums if you enroll. Liberty Mutual will contribute $70 to subtract $100 from your annual collision deductible.
As long as you pay into the program, your deductible will continue to decrease yearly. It renews automatically if you need to use your entire deductible fund for one claim.
Acceptance Insurance began covering drivers in 1979, making it the newest auto insurance provider mentioned on this page. Its name hints at the company’s focus on providing solid coverage to all drivers, not just those with perfect credit scores and accident-free driving histories.
Acceptance Insurance is known for providing affordable auto insurance to all drivers, not just those with perfect driving records. Unlike other providers, Acceptance Insurance won’t deny or overcharge high-risk drivers like teens, new drivers, seniors or those with bad credit or risky driving histories. So, you won’t be penalized for having a DUI or suspended license on your record.
Acceptance Insurance has agents across each state it serves, so you can customize your plan based on your state’s requirements. All plans come with basic liability insurance to cover another driver’s expenses if you cause an accident. Depending on your needs and the minimum auto insurance requirements in your state, you can add other coverages, such as:
Acceptance Insurance’s Towbusters programs protect customers in the event of roadside emergencies and basic moving violations. For as little as $13 a month, you can add Towbusters to your auto insurance policies to cover expenses if you need a jump-start or get locked out of your vehicle.
Program | Towbusters | Towbusters Plus |
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Cost per month | $13 | $15 |
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We examine three specific components to choose the best auto insurance providers:
Many factors influence the average rate of auto insurance, including your age, driving history, credit score and insurance provider. However, certain advanced safety features included in all Toyotas made after 2018, called Toyota Safety Sense (TSS), contribute to accident prevention and overall dependability, making them less expensive to insure than other vehicle brands. For example, a 2022 Honda Civic costs an annual average of $1,844 to insure, whereas the average price to insure a 2022 Toyota Prius is only $1,727.
The average cost of insurance for a Toyota Camry is $1,500 per year or $125 a month. However, this price varies depending on many factors, such as the state you live in and your driving history.
Most states legally require certain types of auto insurance, such as liability insurance, which covers the other party’s losses if you cause an accident. We recommend all Toyota owners have liability insurance, which includes:
Since the above policies only cover the other party’s losses, you should also have coverages that pay for your own expenses, part of full coverage car insurance. We recommend all Toyota owners have the following insurance options, even if your state doesn’t require them:
Auto Insurance Customer Satisfaction Stalls Despite $18 Billion in Premium Relief, J.D. Power Finds. J.D. Power. (2021, Jun 15).
https://www.jdpower.com/business/press-releases/2021-us-auto-insurance-study
2022 Top Safety Pick. Insurance Institute for Highway SAfety and Highway Loss Data Institute. (2022).
https://www.iihs.org/ratings/vehicle/toyota/corolla-4-door-hatchback/2022
Toyota Safety Sense (TSS) Applicability Chart. Toyota. (2022, Sep 20).
https://engage.toyota.com/static/images/toyota_safety_sense/TSS_Applicability_Chart.pdf
Traffic Safety Facts: Young Drivers. National Highway Safety Administration. (2021, Jun).
https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/813130
teenSMART® Teaches Skills Proven to Dramatically Reduce Crash Frequency and Severity. Adept Driver. (2023).
https://www.adeptdriver.com/teensmart/
USAA Announces Plans to Acquire Insurtech Company Noblr, Inc. USAA via Cision PR Newswire. (2021, Jun 10).
https://www.prnewswire.com/news-releases/usaa-announces-plans-to-acquire-insurtech-company-noblr-inc-301310215.html