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Icon CheckLast updated: October 9, 2024

The Best Auto Insurance for Toyota

We narrowed down the top insurance plans and rates for your Toyota.

Best for Good Drivers
State Farm Logo

Full Coverage Averages for Toyotas
• Annual Premium: $1,438
• Monthly Premium: $120

Pros + Cons
Discounts for good drivers
Fantastic customer service
X No online quotes

Read our State Farm review.

Best for Toyota Corolla
Allstate Logo 2023

Full Coverage Averages for Toyotas
• Annual Premium: $2,028
• Monthly Premium: $169

Pros + Cons
Discounts for vehicle safety features
Online quotes
X Not the lowest rates on the market

Read our Allstate review.

Best for Veterans/Military
USAA Logo 2023

Full Coverage Averages for Toyotas
• Annual Premium: $1,167
• Monthly Premium: $97

Pros + Cons
Lowest prices for military/veteran
Discounts for deployed military members
X Not available to non-military members

Read our USAA review.

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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.

If your Toyota is for a young driver, check out the best auto insurance companies for families with teens. We’ve also reviewed the best auto and home bundles and the best auto insurance for seniors.

Editor’s note (last updated August 13, 2024): We have updated this page to reflect the latest pricing, coverage, financial strength, and customer satisfaction data.

Blue CarThe Best Auto Insurance for Toyota

  1. State Farm – Best for Good Drivers
    As the leading auto insurance provider in the United States, in 2023, State Farm served more than 3 million policies in all 50 states.1 Its wide range of affordable coverage plans, discounts, and online support are just a few benefits customers appreciate.
  2. Allstate – Best for Toyota Corolla
    Allstate insures 16 million households across the U.S. and offers plenty of great discounts for Toyota owners.2 Specifically, models like Toyota Corollas, with safety features like passive restraint systems, antilock brakes, and antitheft devices, qualify for the best savings.
  3. USAA – Best for Military/Veterans
    You can save on insurance if you’re deployed and storing your car on a military installation, or if you drive fewer miles than average.

Summary of the Best Auto Insurance for Toyota

  1. 1.

    Best Toyota Insurance for Good Drivers: State Farm

  2. 2.

    Best Auto Insurance for the Toyota Corolla: Allstate

  3. 3.

    Best Toyota Insurance for Veterans/Military: USAA

  4. 4.

    Best Toyota Insurance for Young Drivers: Liberty Mutual

  5. 5.

    Best Toyota Insurance for High-Risk Drivers: Acceptance Insurance

Comparison of the Best Auto Insurance for Toyota

Provider Best Category Average annual cost of auto insurance for a Toyota Discounts
State Farm Good Drivers $1,438 Accident-free, good driving, defensive driving course, vehicle safety, multivehicle and more
Allstate Toyota Corolla $2,028 Multipolicy, new car, smart student, antilock brakes, antitheft device, early signing, FullPay and more
USAA Veterans/military $1,167 Clean driving record, good student, bundling policies, multipolicy and more
Liberty Mutual Young drivers $1,987 Students away at school, good students, military, early shopper, violation-free and more
Acceptance Insurance High-risk drivers Not available Good grades, safe driver, loyalty, bundling and more

Detailed List of the Best Auto Insurance for Toyotas

1. Best Toyota Insurance for Good Drivers - State Farm

What We Like Most:

  • Multiple discounts for safe driving, including one specifically for young drivers
  • Local agents
  • Discounts for multiple cars

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 May 2024, State Farm’s average annual premium for Toyotas is less than the yearly insurance rate of other auto insurance providers, at $1,438.

Many third-party reviewers rank State Farm highly. In a 2024 survey from J.D. Power, customers gave State Farm higher-than-average ratings in every region except the Mid-Atlantic (where it fell two points short), and it placed in the top-three in Florida, Texas, the Northwest, New York, New England, and California.3 Overall, we find that Toyota owners find the most protective and dependable coverage from State Farm.

ProsWho It's Best For
  • pro
    Safe drivers, especially those with three years of fault and violation-free driving
  • pro
    Good students (grade averages of B or higher) and students studying at least 100 miles away from home
  • pro
    People who value on-the-go policy management through mobile apps
ConsWho It's Not Best For
  • con
    Military personnel (no discounts)
  • con
    Federal employees (no discounts)

Steer Clear Program for Safe Driving

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 STEER to 42407 and download State Farm’s app, Steer Clear, 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.

24/7 Roadside Assistance

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:

  • Mechanical labor at the breakdown site
  • Towing to the nearest repair location or a safe location (if your car breaks down on a public road)
  • Delivery of gas, oil, tires or batteries
  • Jump-starting
  • Repair labor
  • Locksmith services (if you lose your key or accidentally lock it inside your car)

NOTE:

State Farm only covers labor costs within the first hour of breakdowns.

Bundling Policies

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 $1,273. 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.

2. Best Auto Insurance for the Toyota Corolla - Allstate

What We Like Most:

  • Three ways to earn a student discount
  • Pay-per-mile option for drivers with low mileage
  • No waiting period to purchase accident forgiveness

Allstate offers generous discounts to owners of vehicles with antitheft devices, antilock brakes and passive restraint systems. In 2015, Toyota introduced Toyota Safety Sense (TSS), a package of advanced safety features like pre-collision systems, brake assist, pedestrian detection and lane departure alerts. The features come standard in all Toyota Corollas beginning model year 2015, and all Toyotas model year 2018 and later.4

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.

ProsWho It's Best For
  • pro
    Those who bundle their auto insurance with other Allstate policies
  • pro
    New drivers, such as teen drivers
  • pro
    Those with good driving records and no recent gaps in insurance coverage
  • pro
    People who drive for ridesharing services
ConsWho It's Not Best For
  • con
    Those who prefer to handle their insurance policies the old-fashioned way: through the mail
  • con
    Drivers of vehicles not equipped with advanced safety features, such as precollision systems, automatic high beams, and lane-departure alerts

Various Discounts

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:

  • Safety features: Allstate offers discounts for vehicles with updated safety features like antilock brakes, antitheft devices, and passive-restraint systems.
  • Payment: You can save on auto insurance if you pay your policy in full or opt for automatic withdrawals. Also, you can get a discount if you show that you’re a responsible payer by not receiving any cancellation notices for nonpayments in the past year.
  • Multiple policies: If you buy other forms of insurance with Allstate, such as its home or renters insurance, you’ll receive a bundle discount.
  • Smart student: All unmarried adults under the age of 25 can receive discounts for maintaining GPAs of 2.7 or higher or B- averages.
  • New car: You can qualify for discounts if you are the first owner of your car, if your car is a current model year or if your car is last year’s model.

NOTE:

Allstate no longer offers military/veteran discounts.

New Driver Protection

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:

  • Accident forgiveness: You can add accident forgiveness as an optional coverage to your policy, which prevents annual premiums from increasing if you cause an accident.
  • Drivewise: Young drivers accounted for 8.5 percent of all fatal crashes in the U.S. in 2021, despite making up only 5.1 percent of all licensed drivers.5 That’s why we love Allstate’s Drivewise safe driving program, which teaches safe driving habits and incentivizes drivers with rewards.
    Drivewise monitors driving behaviors and provides personalized insight into how to improve driving. We love this program for new drivers because, in addition to promoting safe driving, its crash detection feature enables drivers to call 911, request roadside assistance, and file claims, all within a mobile app.
  • teenSMART training program: Allstate offers discounts to families whose teens complete the teenSMART driver education program. This program teaches safe driving skills to teen drivers through interactive computer-based lessons and parent-teen activities.6

New Car Replacement

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.

3. Best Toyota Insurance for Veterans/Military - USAA

What We Like Most:

  • Cheapest rates for teens on a family policy or on their own
  • Special discount for teens transitioning off their parents’ policy
  • Strong customer service and claims process

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.

ProsWho It's Best For
  • pro
    U.S. military members and veterans, plus their spouses and children
  • pro
    Those with safe driving histories
  • pro
    Those who do not drive frequently
  • pro
    Those who put their cars in storage
ConsWho It's Not Best For
  • con
    Nonmilitary members
  • con
    Military members with discharges other than honorable or general
  • con

SafePilot Driving Program

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.

FYI:

You must drive at least 325 miles and 16 hours during each policy period to be eligible for a driving score and discount.

Noblr’s Usage-Based Insurance

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.

FYI:

As of May 2024, USAA’s Noblr insurance policies are available in select states, including Arizona, Colorado, Georgia, Illinois, Indiana, Louisiana, Maryland, Missouri, Nevada, New Mexico, Ohio, Pennsylvania, Texas, Virginia, and Wisconsin.

Overseas Insurance

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 comprehensive coverage 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.

4. Best Toyota Insurance for Young Drivers - Liberty Mutual

What We Like Most:

  • Save up to 30 percent with driver monitoring program
  • Cheap average rates
  • Over 2,000 local agents throughout the U.S.

Liberty Mutual’s more than 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 young Toyota owners, specifically.

ProsWho It's Best For
  • pro
    Young drivers
  • pro
    Drivers of vintage and classic vehicles
  • pro
    People who appreciate flexible payment options
ConsWho It's Not Best For
  • con
    Those with multiple serious driving offenses or violations
  • con
    People who want non-owner insurance
  • con
    Seniors (no discount)

Discounts for Young Drivers

While car insurance for teens is always going to be more expensive than any other age group, Liberty Mutual offers a couple of discounts to keep increases down a minimum. One is the good student discount, which applies to students with GPAs of B or higher. The second is for parents of students who are away at school and only drive the car occasionally. A Toyota is a great, durable car for a young driver, and with these discounts, you can make sure you’re not paying more than you should be for your teen’s car insurance.

Classic Car Coverage

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.

Deductible Fund

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.

5. Best Toyota Insurance for High-Risk Drivers - Acceptance Insurance
Acceptance Insurance logo

What We Like Most:

  • Accepts high-risk drivers
  • Bundle with renters', homeowners', or pet insurance
  • Good for those with bad credit

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.

ProsWho It's Best For
  • pro
    Residents of:
    • Alabama
    • Arizona
    • California
    • Florida
    • Georgia
    • Illinois
    • Indiana
    • Mississippi
    • Ohio
    • Pennsylvania
    • South Carolina
    • Tennessee
    • Texas
  • pro
    Seniors
  • pro
    Those who need SR-22s
  • pro
    People with poor credit scores
ConsWho It's Not Best For
  • con
    Those who value the efficiency of mobile apps
  • con
    Those who prefer snail mail over online policy management
  • con
    People living in states that Acceptance Insurance does not cover

Tailored to Non-Standard Drivers

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.

Customizable Coverages

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:

24-Hour Roadside Assistance Towbusters Program

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
Cost per month $13 $15
Coverages
  • Towing
  • Fluid delivery (gas, oil and water)
  • Tire service
  • Battery service
  • Lockout service
  • Mechanical first aid
  • All Towbusters coverages
  • Citations up to $100 each (maximum 2 per year)
  • Legal representation for up to $200 (maximum 1 per year)
  • Defensive driving course expenses up to $250 (maximum 1 per year)
  • Rental car reimbursement for up to 10 days for $25 a day
  • 5 roadside assistance calls per year
  • Full coverage for lockout costs
  • 10 percent discounts off major auto service and maintenance chains

Methodology

We assessed companies on four factors to determine the best insurance providers for Toyota vehicles:

  • Price (40%): Levering industry research and our own proprietary data, we analyzed average annual premiums for Toyota models across different driver profiles nationwide. Our reviews account for average costs and potential savings opportunities based on factors like age, location, driving record, coverage levels, and available discounts. We also considered specific discounts that may apply to Toyota vehicles, such as those for safety features or hybrid models.
  • Claims Handling (25%): We evaluated companies’ claims handling processes by examining industry ratings like J.D. Power’s claims satisfaction scores and the National Association of Insurance Commissioners’ complaint index. Special attention was given to insurers with experience handling claims for Toyota vehicles, including availability of OEM parts and certified repair shops.
  • Customer Experience (25%): From getting quotes and purchasing policies to making payments and adjustments, we assessed the end-to-end customer journey. Top insurers were identified based on criteria like user-friendly digital services, customer service ratings, claims satisfaction scores, and other service quality metrics that enhance the overall experience for Toyota owners.
  • Coverage Options (10%): We valued insurers offering coverage options particularly beneficial for Toyota owners. This includes gap insurance for new Toyotas, coverage for hybrid battery replacement, and new car replacement coverage. We also considered additional protection options like accident forgiveness, rideshare coverage for Toyota owners who use their vehicles for services like Uber or Lyft, and rental reimbursement.

Auto Insurance FAQs

How do I cancel gap insurance with Toyota?

  1. Within 30 days of your purchase, use the website contact form to cancel your gap insurance with Toyota: https://www.toyotafinancial.com/us/en/contact_us.html
  2. You can also call (800) 255-8713. If you’re within that 30-day time period, you can get a full refund.

Are Toyotas expensive to insure?

Toyotas are not expensive to insure. On average, they cost $1,896 to insure per year, which breaks down into about $158 a month. This is slightly below the national annual average across all companies of $1,924, or $160 per month. Some Toyotas are even more affordable to insure than the average, such as the Sienna, RAV4, Tacoma, and Highlander models.

How much is insurance for a Toyota Camry?

The average cost of insurance for a Toyota Camry is $1,954 per year or $163 a month. However, this price varies depending on many factors, such as the state you live in and your driving history.

What type of auto insurance should all Toyota vehicles have?

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:

  • Property damage liability: Property damage coverage pays for the other party’s property damage if you cause an accident. 
  • Bodily injury liability: Bodily injury coverage covers the other party’s hospital bills, lost wages, and funeral costs resulting from an accident you caused.

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: 

  • Uninsured/underinsured motorist: This type of insurance can cover you and your passengers’ bodily injuries and property damage that another driver with no or insufficient insurance caused.
  • Collision: Collision coverage is an optional policy that covers your property damage, regardless of fault.
  • Comprehensive: As another optional policy, comprehensive coverage covers damage to your vehicle from events other than collisions, such as theft, vandalization, and weather-related incidents.
  • Personal injury protection (PIP): PIP is optional in some states and required in no-fault states like Delaware, Florida, and Hawaii. This type of policy covers your medical expenses, lost wages, and child care, regardless of fault. Each party pays for its own medical expenses.
  • Medical payments: Medical payments coverage is optional and pays for your medical expenses, such as ambulances and hospital care, for accidents you cause. You will also be responsible for the other party’s injuries.

Citations

  1. 2023 by the numbers. State Farm. (2024).
    https://newsroom.statefarm.com/image/13b53d32-32ed-404b-bd94-1f735ccde437/2023yearendresults-final-.png?10000

  2. Allstate : Everything you need to know. Insurance Business. (2024).
    https://www.insurancebusinessmag.com/us/companies/allstate/66989/

  3. Trust Emerges as Top Driver of Customer Satisfaction with Auto Insurance as Prices Continue to Surge, J.D. Power Finds. J.D. Power. (2024, Jun 11).
    https://www.jdpower.com/business/press-releases/2024-us-auto-insurance-study

  4. Toyota Safety Sense. Germain Toyota.
    https://www.germaintoyota.net/toyota-safety-sense/

  5. Young Drivers. National Highway Traffic Safety Administration. (2024).
    https://www.nhtsa.gov/book/countermeasures-that-work/young-drivers

  6. teenSMART® Teaches Skills Proven to Dramatically Reduce Crash Frequency and Severity. Adept Driver. (2024).
    https://www.adeptdriver.com/teensmart/

  7. USAA Announces Plans to Acquire Insurtech Company Noblr, Inc. PR Newswire. (2021, Jun 10).
    https://www.prnewswire.com/news-releases/usaa-announces-plans-to-acquire-insurtech-company-noblr-inc-301310215.html