Toyota Car Insurance
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Jump straight to:
- Toyota cars in Canada
- Sales of Toyota vehicles in Canada
- Best-selling Toyota models in Canada
- About Toyota’s most popular models
- Recent Toyota car insurance quotes
- How to get the cheapest Toyota car insurance quotes on RATESDOTCA
- Toyota car insurance by model
- Frequently asked questions about Toyota Car Insurance
Freelance writer
Toyota cars in Canada
The Toyota Corolla, introduced in 1966, has remained Toyota's worldwide bestseller due to its durability, reliability, and overall performance. In 2022, the Corolla nabbed the top spot as Canada’s most popular car. Toyota is also leading globally in hybrid vehicle sales. Other popular Toyota models include the Camry, Prius, Tacoma, Tundra, RAV4, and Lexus.
Despite significant supply chain issues affecting the entire car market, sales of Toyotas increased in January 2023 by 11.8% compared to the same time the previous year.
Toyotas are also known for retaining their value better than most cars, so they fetch higher prices on the secondary market. Buying a Toyota is an investment, and they can cost quite a bit. Protecting yourself and your Toyota with the right car insurance is essential.
Sales of Toyota vehicles in Canada
| Time frame | Total sales | YoY change | Toyota sales | Lexus sales |
|---|---|---|---|---|
| Jan. 2023 | 12,859 | +11.8% | 10,574 | 2,285 |
| Dec. 2022 | 13,393 | + 11.6% | 11,453 | 1,940 |
| Nov. 2022 | 15,202 | +9.0% | 13,091 | 2,111 |
| Oct. 2022 | 16,581 | +8.2% | 14,129 | 2,452 |
| Sep. 2022 | 16,486 | -18.8% | 14,332 | 2,154 |
| Aug. 2022 | 15,555 | -27.0% | 13,502 | 2,053 |
Best-selling Toyota models in Canada
| Time frame | Model | Sales | YoY change |
|---|---|---|---|
| Jan. 2023 | Corolla Hybrid | 748 | --* |
| Highlander | --* | --* | |
| RAV4 | --* | +30.4% | |
| Lexus NX, RX, GX, LS | --* | +82.9% |
Source: Toyota Canada Inc.
*Data not disclosed by the manufacturer
About Toyota’s most popular models
- Toyota Corolla: The Toyota Corolla currently holds the distinction of being the world's most popular car. Over 1.3 million Corollas have been sold in Canada alone and more than 40 million worldwide. One reason for this is that Corolla has very impressive safety ratings. This means you will pay less on average for insuring a Corolla than many competing brands and models. Safety ratings are one factor used by insurance companies to determine premiums. There are many other benefits to owning a Corolla, such as attractive design, fuel efficiency and very good performance and handling.
- Toyota Camry: Next to the Corolla, the Camry is Canada's most popular Toyota model. Indeed, it's the tenth most popular Canadian car all around. The Camry has many of the same advantages as the Corolla. The Camry is a safe, extremely well made and reliable car. The Camry, however, is a bit costlier and considered more of a luxury car than the Corolla. It's also roomier, making it appealing for families and other buyers who want to be able to fit more people or items into their vehicle. The Camry is an appealing choice for anyone who wants the reliability of Toyota and wants something a little larger, fancier and more powerful than the Corolla.
- Toyota RAV4: The Toyota RAV4 is a sleekly designed SUV crossover model, combining some of the most attractive features of cars and larger vehicles such as trucks and SUVs. Some models come with four-wheel drive, while all offer high performance, sporty design and impressive fuel efficiency, especially compared to most competing SUVs. The RAV4 is Canada's most popular model of Toyota SUV. While insurance premiums for SUVs are a bit higher than for typical cars, the RAV4 is a compact, fuel-efficient and safe vehicle. If you decide to purchase a RAV4, it's a good idea to scope out several insurance companies to get the best rates.
- Toyota Highlander: The Highlander is a family-friendly crossover SUV, which means it's light and built on a car platform (conventional SUVs use a truck platform). The make is famous for having a third row of seats, giving it mini-van capacity — it can fit seven pieces of luggage — without looking like one. The Highlander's reputation for reliable handling has earned it an overall five-star safety rating since 2014 from the National Highway Traffic Safety Administration (NHTSA). Even for drivers with excellent driving records, the Highlander commands a higher premium than other Toyotas. CUVs are typically more expensive to insure than other, smaller models. Car thieves are also known to target the Highlander (it's the fifth most-stolen car in Canada). Then there are the advanced safety features, which rely on sensors that are costly to repair. Comparing rates can help you save on insurance for your Highlander.
Recent Toyota car insurance quotes
Recent auto Insurance Quote from Brampton, Ontario
Female, 36 years old
2020 HONDA ACCORD TOURING 4DR
May 04, 2025
Cheapest Quote
$ 412 / month
$ 4,938 / yearAverage Quote
$ 562 / month
$ 6,740 / yearSavings
$ 150 / month
$ 1,802 / year
27 %
Recent auto Insurance Quote from Nepean, Ontario
Male, 31 years old
2024 TESLA MODEL 3 LONG RANGE 75D 4DR AWD
May 04, 2025
Cheapest Quote
$ 612 / month
$ 7,347 / yearAverage Quote
$ 817 / month
$ 9,800 / yearSavings
$ 204 / month
$ 2,453 / year
25 %
Recent auto Insurance Quote from Sault ste marie, Ontario
Male, 22 years old
2018 JEEP COMPASS SPORT 4DR 4WD
May 04, 2025
Cheapest Quote
$ 569 / month
$ 6,824 / yearAverage Quote
$ 702 / month
$ 8,419 / yearSavings
$ 133 / month
$ 1,595 / year
19 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company
How to get the cheapest Toyota car insurance quotes on RATESDOTCA
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Toyota car insurance by model
People tend to obsess over body type and estimated annual maintenance and fuel costs when deciding on a car model. But one expense that's often overlooked are the monthly insurance costs.
Fact: the make and model of your car have a significant impact on your insurance premium.
To help you choose a Toyota that fits your budget, we assessed the insurance costs for some of the most popular Toyota models using RATESDOTCA data from real customers.
So keep watching the price at the pumps like a hawk. But don't neglect your insurance. It's an opportunity to find even more savings.
Estimated premiums are based on a 35-year-old male with a driving record free of claims or road convictions.
Toyota car insurance rates in Ontario
| 2022 Models | Cheapest monthly | Cheapest annually | MSRP |
|---|---|---|---|
| Mirai | $108.58 | $1,303.00 | $54,990.00 |
| Tundra | $112.75 | $1,353.00 | $50,350.00 |
| Tacoma | $117.42 | $1,409.00 | $40,690.00 |
| 4Runner | $126.25 | $1,515.00 | $51,050.00 |
| Venza | $128.58 | $1,543.00 | $40,050.00 |
| Sienna | $129.83 | $1,558.00 | $41,650.00 |
| Rav4 Prime | $131.25 | $1,575.00 | $49,390.00 |
| Prius Prime | $134.17 | $1,610.00 | $33,750.00 |
| Gr Supra | $138.33 | $1,660.00 | $57,170.00 |
| C-Hr | $143.33 | $1,720.00 | $24,350.00 |
| Corolla Cross | $144.83 | $1,738.00 | $24,890.00 |
| Corolla Hatchback | $148.58 | $1,783.00 | $23,350.00 |
| Highlander | $149.00 | $1,788.00 | $45,650.00 |
| Rav4 | $149.50 | $1,794.00 | $32,150.00 |
| Sequoia | $150.50 | $1,806.00 | $75,990.00 |
| Gr86 | $152.00 | $1,824.00 | $31,490.00 |
| Corolla Hybrid 4Dr | $153.67 | $1,844.00 | $27,320.00 |
| Prius | $153.67 | $1,844.00 | $29,350.00 |
| Corolla 4Dr | $161.00 | $1,932.00 | $22,690.00 |
| Camry | $176.25 | $2,115.00 | $30,190.00 |
Source: RATESDOTCA quoter
Toyota car insurance rates in Alberta
| Model | Cheapest monthly | Cheapest annually | 2022 MSRP |
|---|---|---|---|
| Mirai | $89.92 | $1,079.00 | $54,990.00 |
| Corolla Hatchback | $95.08 | $1,141.00 | $23,350.00 |
| Corolla Cross | $95.08 | $1,141.00 | $24,890.00 |
| Rav4 Prime | $95.08 | $1,141.00 | $49,390.00 |
| 4Runner | $95.08 | $1,141.00 | $51,050.00 |
| Sienna | $96.83 | $1,162.00 | $41,650.00 |
| Prius prime | $96.25 | $1,155.00 | $33,750.00 |
| Rav4 | $96.25 | $1,155.00 | $32,150.00 |
| Venza | $97.50 | $1,170.00 | $40,050.00 |
| C-HR | $98.42 | $1,181.00 | $24,350.00 |
| Tundra | $98.42 | $1,181.00 | $50,350.00 |
| Prius | $98.08 | $1,177.00 | $29,350.00 |
| Corolla 4DR | $99.42 | $1,193.00 | $22,690.00 |
| Corolla Hybrid 4DR | $99.42 | $1,193.00 | $27,320.00 |
| Camry | $99.42 | $1,193.00 | $30,190.00 |
| Sequoia | $100.00 | $1,200.00 | $75,990.00 |
| GR Supra | $101.25 | $1,215.00 | $57,170.00 |
| Tacoma | $101.25 | $1,215.00 | $40,690.00 |
| GR86 | $101.42 | $1,217.00 | $31,490.00 |
| Highlander | $100.75 | $1,209.00 | $45,650.00 |
Source: RATESDOTCA quoter
Frequently asked questions about Toyota car insurance
Have more questions about Toyota insurance? We have answers.
What is the cheapest Toyota to insure in Ontario?
According to RATESDOTCA estimates, the cheapest Toyota to insure in Ontario is the Mirai, a hydrogen-powered sedan. Premiums amount to approximately $108 per month or $1,303 per year. The Mirai has the highest manufacturer's suggested retail price (MSRP) of the cars we surveyed at $54,990.
What is the cheapest Toyota to insure in Alberta?
According to RATESDOTCA estimates, the cheapest Toyota to insure in Alberta is the Mirai, a hydrogen-powered sedan. Premiums on the Mirai are about $89.92 per month ($1,079 per year.) The Mirai is also the most affordable Toyota to insure in Ontario, though it costs about $19 more monthly.
The next lowest premium we found was $95.08 per month. Four Toyota models surveyed commanded this premium:
- Corolla Hatchback
- Corolla Cross
- RAV4 Prime
- 4Runner
Which insurance is the best for a Toyota vehicle?
The best insurance for a Toyota vehicle depends on many things. Some drivers qualify for discounts depending on affiliations and or experience. Insurance companies also provide discounts for vehicle usage, vehicle location, and potential theft in the area. There are many variables to consider.
That's why it's important to around using sites like RATESDOTCA for the best quotes for Toyota car insurance to find the best rates that suit your needs.
Toyota Car Insurance Quotes
The right insurance policy protects your investment, while also providing you with good value. You don't want to pay any more for insurance than you have to. There are many good reasons to choose a Toyota, such as dependability, fuel economy, safety and great performance. Because of Toyota's high standards in areas such as fuel efficiency and safety, you can also get car insurance at appealing rates. If you are looking for cheapest car insurance for your Toyota car, let RATESDOTCA do the work for you!
Joel Kranc, Freelance writer
Joel Kranc is a freelance writer and content provider who has worked with RATESDOTCA since 2019. He holds an MA in political science from the University of Toronto and a film certificate from New York University.
He has been published in and worked for such companies as CNN, Rogers Media, Institutional Investor Magazine, The Globe and Mail, Infrastructure Investor, BenefitsPRO Magazine, Global Finance Magazine, With Intelligence, the CPP Investment Board, Hospitals of Ontario Pension Plan, and many more financial services and industry publications.
He is the author of "Retirement Planning in 8 Easy Steps," which, when released in 2015, was No. 11 on the Publisher's Weekly US Bestseller List for Business and Finance, beating out Mark Cuban's "How to Win at the Sport of Business."
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