If you are trying to get your new Toyota insured, or want to renew your policy, it can sometimes be tricky to weed out through all information on the Internet and come up with the best company and the best policy for your needs. Everybody claims to offer the best rates, but the truth is that your actual quote will depend on your age, marital status, current location and the Toyota model that you are driving. This article will give you some insight on which Toyota models are the cheapest to insure and how to get a lower rate.
According to a Forbes research, there are no Toyota models in the top 20 cheapest cars to insure in the United States. From our research, the Toyota with the cheapest cost of insurance is the 2011 Prius model, with an average yearly quote of $1,333, which is around 20% cheaper than the median cost of coverage in the US. If you are looking for a truck that’s easy on the budget in terms of total cost of ownership, we would recommend the 2013 Toyota Tundra, a model that comes with an average insurance of $2,091 per year.
For most Toyota models manufactured after 2010, you can get discounts if the car is equipped with:
- Passive restraint systems (up to 30% discount if your car has multiple airbags and motorized seatbelts)
- Anti-lock brakes (up to 10% discount if your car has an ABS system)
- Anti-theft devices (up to 10% discount if your car is equipped with an alarm system or can be tracked by GPS)
Some insurance companies may ask that these features come from the factory and will not offer you any discounts if you have equipped your car with them afterwards.