Top 5 Toyota Models with the Lowest Insurance Rates

Insurance costs can be just as important when buying a new car as the vehicle’s price tag. The top 5 Toyota models are known for building reliable, safe, and affordable vehicles, and many of its models come with relatively low insurance premiums.

If you want to save on car insurance without compromising quality, here are the top 5 Toyota models with the lowest insurance rates.

1. Toyota Corolla

The Toyota Corolla has long been one of the best-selling cars in the world, known for its reliability, fuel efficiency, and low cost of ownership. It’s also one of the top 5 Toyota models as well as the cheapest cars to insure. With a history of top safety ratings from the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA), the Corolla’s advanced safety features, like Toyota Safety Sense (TSS), help reduce the risk of accidents. Its affordability, coupled with low repair costs, makes it a favorite among insurers, who offer competitive premiums for this compact sedan.

Why It’s Affordable to Insure:

• High safety ratings and driver-assistance technology
• Low theft rates
• Affordable repair costs

2. Toyota Camry

The Toyota Camry is another popular choice with consistently low insurance premiums. This midsize sedan strikes a balance between comfort, performance, and safety, making it a smart option for families and commuters alike. The Camry has advanced safety features, including forward-collision warnings and automatic emergency braking, which help prevent accidents and keep insurance rates low. Its solid reputation for reliability and affordable repair costs further contribute to its low premiums.

Why It’s Affordable to Insure:

• Advanced safety technology and high crash-test ratings
• Durable, with lower repair costs compared to competitors
• Strong resale value, which helps reduce comprehensive insurance costs

3. Toyota RAV4

For those who prefer an SUV, the Toyota RAV4 is one of the most affordable to insure in its class. As a compact SUV, the RAV4 combines versatility, comfort, and fuel efficiency, all while maintaining excellent safety ratings. The 2024 Toyota RAV4 comes equipped with a variety of driver-assistance features as standard, including lane-keeping assist and adaptive cruise control. Its hybrid model, in particular, offers additional savings on fuel while still keeping insurance rates low. With a lower risk of accidents and theft, the RAV4 continues to be a favorite among insurers.

Why It’s Affordable to Insure:

• Excellent safety ratings and extensive driver-assistance features
• Low repair costs and strong reliability
• Lower-than-average theft rates for SUVs

4. Toyota Prius

The Toyota Prius is synonymous with hybrid technology and efficiency. It’s also a standout model for low insurance rates, thanks to its eco-friendly nature, solid safety features, and low risk of accidents. The Prius has earned numerous safety accolades and is often chosen by drivers who log fewer miles, making it less risky to insure. Hybrid Toyota vehicles like the Prius also tend to benefit from specific discounts offered by insurers due to their fuel efficiency and typically responsible ownership.

Why It’s Affordable to Insure:

• Hybrid technology often qualifies for eco-friendly insurance discounts
• Excellent safety features and driver-assistance systems
• Lower risk of accidents due to cautious drivers and fewer miles driven

5. Toyota Highlander

The Toyota Highlander is a midsize SUV that combines family-friendly features with advanced safety technologies, making it one of the most affordable SUVs to insure. The Highlander consistently receives high marks for its crash-test ratings, and with Toyota Safety Sense 2.5+ standard in most models, drivers benefit from features like pedestrian detection and automatic emergency braking. These safety features help reduce the likelihood of accidents, which in turn lowers insurance costs. Additionally, the Highlander’s strong resale value helps keep affordable car insurance rates more manageable.

Why It’s Affordable to Insure:

• Top safety ratings and standard advanced driver-assistance features
• Family-friendly SUV with low accident rates
• Strong resale value and durability

Factors That Help Lower Insurance Costs for Toyota Models

• Safety Features: Toyota’s advanced safety technologies, including automatic braking, lane-keeping assistance, and adaptive cruise control, are common across many models. These features reduce the likelihood of accidents, which leads to lower insurance premiums.
• Reliability: Toyota’s reputation for producing durable, long-lasting vehicles means fewer breakdowns and lower repair costs. Insurers recognize this and often offer better rates for Toyota owners.
• Lower Repair Costs: Toyota models are generally affordable to repair compared to luxury brands. Lower repair costs translate to reduced claims, which helps keep insurance premiums low.
• Low Theft Rates: Certain Toyota models, like the Corolla and Camry, tend to have lower theft rates than other vehicles in their class. This is factored into insurance pricing, as cars that are less likely to be stolen tend to have lower premiums.

Conclusion

If you’re in the market for a new car and want to keep your insurance costs down, these top 5 Toyota models Toyota has a wide range of models that combine safety, reliability, and affordability. From compact sedans like the Toyota Corolla to family-friendly SUVs like the Highlander, you’re sure to find a Toyota model that fits your needs and comes with affordable insurance premiums. These five models stand out not only for their low insurance costs but also for their overall value, making them a smart choice for budget-conscious drivers.