Toyota RAV4 Auto Insurance Cost: Everything You Need to Know
How much does Toyota RAV4 auto insurance cost?
According to industry data, the average cost of Toyota RAV4 auto insurance is $1,440 per year, which translates to around $119 per month. This rate is slightly higher than the average for small crossovers, which is $1,427 per year.
However, the good news is that Toyota RAV4 auto insurance rates are 7.8% lower than the national average car insurance rate of $1,561 per year. This means that Toyota RAV4 is a relatively affordable car to insure compared to other vehicles in the same class.
The following table shows the average Toyota RAV4 auto insurance rates based on age group and deductibles. As you can see, drivers in the 20-29 age group pay the highest rates, while those in the 60+ age group pay the lowest rates. Additionally, choosing a higher deductible can lower your insurance rates.
| Age Group | Deductible | Year (12 mo) | 1 Mo |
|---|---|---|---|
| 20-29 | 1,000 | 2,402 | 200 |
| 500 | 2,855 | 248 | |
| 250 | 3,322 | 287 | |
| 30-39 | 1,000 | 1,273 | 105 |
| 500 | 1,520 | 127 | |
| 250 | 1,776 | 148 | |
| 40-49 | 1,000 | 1,202 | 100 |
| 500 | 1,440 | 119 | |
| 250 | 1,674 | 140 | |
| 50-59 | 1,000 | 1,100 | 93 |
| 500 | 1,304 | 109 | |
| 250 | 1,527 | 127 | |
| 60+ | 1,000 | 1,083 | 91 |
| 500 | 1,291 | 107 | |
| 250 | 1,501 | 125 |
What is the cheapest Toyota RAV4 insurance?
If you are in the market for a new or used Toyota RAV4, you will need to factor in the cost of insurance as well. Auto insurance rates vary based on a range of factors, including the make and model of the car. We will explore what the cheapest Toyota RAV4 insurance is and whether purchasing an older RAV4 affects insurance rates.
The Cheapest Insurance Configuration
As a general rule, the more expensive a vehicle is, the more it will cost to insure. However, when it comes to the Toyota RAV4, the LE trims are the cheapest to insure. Among the LE trims, the LE 2WD configuration has the lowest average annual insurance cost, coming in at $1,332 per year. The LE All Wheel Drive configuration is the second cheapest RAV4 to insure, with an average annual cost of $1,359.
On the other hand, if you opt for the higher-end Limited or Hybrid models, you will pay more monthly for insurance. The cost of insurance goes up as the MSRP of a vehicle increases. So, if you want to save on insurance, you should consider buying an LE trim RAV4.
Insurance Rates by Configuration
The table below shows the average annual, semi-annual, and monthly insurance rates for all the 2022 Toyota RAV4 configurations and packages. Keep in mind that these rates are just estimates and may vary depending on your location, driving record, and other factors.
| Toyota RAV4 Configuration | Per Year | Per 6 Months | Per Month |
|---|---|---|---|
| LE 2WD | $1,332 | $671 | $110 |
| LE All Wheel Drive | $1,359 | $685 | $112 |
| XLE 2WD | $1,363 | $687 | $113 |
| LE Hybrid All Wheel Drive | $1,383 | $697 | $114 |
| XLE All Wheel Drive | $1,387 | $699 | $115 |
| XLE Hybrid All Wheel Drive | $1,409 | $709 | $117 |
| XLE Premium 2WD | $1,408 | $714 | $117 |
| SE Hybrid All Wheel Drive | $1,422 | $716 | $118 |
| XLE Premium All Wheel Drive | $1,437 | $724 | $119 |
| Adventure All Wheel Drive | $1,440 | $726 | $119 |
| XLE Premium Hybrid All Wheel Drive | $1,452 | $732 | $120 |
| XSE Hybrid All Wheel Drive | $1,473 | $742 | $122 |
| Limited 2WD | $1,477 | $744 | $122 |
| Limited All Wheel Drive | $1,487 | $749 | $124 |
| TRD Off-Road All Wheel Drive | $1,491 | $750 | $124 |
| Limited Hybrid All Wheel Drive | $1,499 | $755 | $125 |
| Prime SE All Wheel Drive | $1,522 | $767 | $127 |
| Prime XSE All Wheel Drive | $1,554 | $782 | $130 |
When shopping for car insurance, it’s important to consider the various factors that determine how much you’ll pay. Some of the main factors include the type of vehicle you drive, your driving record, your age and location, and the amount of coverage you need. With that said, if you’re in the market for a Toyota RAV4, you may be wondering what the cheapest insurance options are.
As mentioned earlier, the LE 2WD and LE All Wheel Drive configurations of the RAV4 tend to have the cheapest car insurance rates, with an average annual cost of $1,332 and $1,359, respectively. However, it’s important to keep in mind that these rates are just averages and can vary based on a variety of factors.
If you’re considering purchasing an older RAV4, you can also expect to pay less for car insurance. This is because older vehicles typically have lower actual cash values, which means that the claim value paid in the event of a total loss would be smaller. As a result, you can expect to pay less for comprehensive and collision coverage.
When it comes to age, both the driver’s age and the age of the vehicle can impact car insurance rates. As shown in the chart provided earlier, insurance rates tend to decrease as the driver’s age increases and the age of the vehicle increases. For example, the average annual insurance rate for a 20-29 year old driver of a 2023 RAV4 is $2,855, whereas the rate for a driver over 60 years old with the same vehicle is $1,291.
Another factor to consider when shopping for car insurance is the level of coverage you need. In most states, liability insurance is required by law, which covers damage you may cause to other people’s property or injuries you may cause to other people in an accident. However, other types of coverage, such as collision, comprehensive, and personal injury protection, can offer additional protection and peace of mind.
In conclusion, if you’re looking for the cheapest Toyota RAV4 insurance options, you may want to consider the LE 2WD or LE All Wheel Drive configurations. Additionally, purchasing an older RAV4 can also help you save money on car insurance. However, it’s important to keep in mind that insurance rates can vary based on a variety of factors, and it’s always a good idea to shop around and compare quotes from different providers to find the best coverage for your needs and budget.
Will an older RAV4 cost less to insure?
To give you a better idea of how much you can expect to pay for car insurance on an older RAV4, we’ve compiled a chart of average Toyota RAV4 insurance rates for various age groups and model years.
| Model Year (12 mo) | Age Group 20-29 | Age 30-39 | Age 40-49 | Age 50-59 | Age 60+ |
|---|---|---|---|---|---|
| 2023 | 2,855 | 1,520 | 1,440 | 1,304 | 1,291 |
| 2022 | 2,837 | 1,505 | 1,433 | 1,309 | 1,281 |
| 2020-21 | 2,789 | 1,475 | 1,409 | 1,287 | 1,260 |
| 2019 | 2,657 | 1,407 | 1,342 | 1,226 | 1,195 |
| 2018 | 2,577 | 1,360 | 1,303 | 1,181 | 1,157 |
| 2017 | 2,556 | 1,347 | 1,289 | 1,167 | 1,147 |
| 2016 | 2,420 | 1,273 | 1,224 | 1,108 | 1,089 |
| 2015 | 2,265 | 1,181 | 1,139 | 1,040 | 1,020 |
| 2014 | 2,227 | 1,165 | 1,122 | 1,027 | 1,006 |
| 2013 | 2,157 | 1,122 | 1,085 | 991 | 983 |
How much does RAV4 liability auto insurance cost?
Now let’s take a closer look at the cost of liability insurance for Toyota RAV4 models from 2000 to 2012. The following table compares the annual premium for full coverage insurance to liability-only rates for each model year.
| Vehicle Model Year (12 mo) | Annual Premium for Full-Coverage Insurance | Liability Insurance |
|---|---|---|
| 2012 Toyota RAV4 | 1,053 | 535 |
| 2011 Toyota RAV4 | 1,020 | 530 |
| 2010 Toyota RAV4 | 991 | 527 |
| 2009 Toyota RAV4 | 955 | 522 |
| 2008 Toyota RAV4 | 916 | 508 |
| 2007 Toyota RAV4 | 879 | 500 |
| 2006 Toyota RAV4 | 843 | 501 |
| 2005 Toyota RAV4 | 833 | 497 |
| 2004 Toyota RAV4 | 814 | 493 |
| 2003 Toyota RAV4 | 791 | 489 |
| 2002 Toyota RAV4 | 775 | 485 |
| 2001 Toyota RAV4 | 760 | 476 |
| 2000 Toyota RAV4 | 745 | 466 |
Is it expensive to insure a Toyota RAV4?
When purchasing a car, one of the most critical factors to consider is auto insurance cost. Insurance premiums can vary widely depending on the car model, make, age, and safety features. We will look at the average insurance cost for the Toyota RAV4, how it compares to other small crossovers, and how its sticker price affects its insurance premiums.
According to recent data, the Toyota RAV4 is one of the more expensive small crossovers to insure, with an average annual cost of $1,440. This cost ranks it #28 out of 47 all cars, and it costs around $14 more per year to insure than the average small crossover, which costs $1,427.
However, when compared to all other vehicle segments, the Toyota RAV4’s average insurance cost fares better. You can save an estimated $122 per year when compared to the all-vehicle national average of $1,561.
How Does the Toyota RAV4 Compare to Other Small Crossovers?
To give you a better idea of how the Toyota RAV4 fares in terms of insurance cost, we have included a chart that shows how well its average car insurance rates compare against the top 10 selling small crossovers like the Honda CR-V, Jeep Wrangler, and Nissan Rogue.
| Car Model | Average Annual Insurance Cost |
|---|---|
| Toyota RAV4 | $1,440 |
| Honda CR-V | $1,427 |
| Jeep Wrangler | $1,378 |
| Nissan Rogue | $1,334 |
| Subaru Forester | $1,326 |
| Ford Escape | $1,309 |
| Chevrolet Equinox | $1,304 |
| Mazda CX-5 | $1,297 |
| Hyundai Tucson | $1,291 |
| Subaru Crosstrek | $1,287 |
As you can see, the Toyota RAV4’s average insurance cost is slightly higher than the Honda CR-V, which has an average annual insurance cost of $1,427. However, it is essential to note that insurance rates can vary depending on the driver’s age, driving record, and location.
To provide a more comprehensive comparison, we have also included a table ranking auto insurance cost for all small crossovers.
Toyota RAV4 vs. Mazda CX-5: Price Comparison
The Mazda CX-5 and Toyota RAV4 are both popular midsize SUVs. But how do they compare when it comes to price?
The average sticker price for the Mazda CX-5 is $34,180, which is $39 more than the average MSRP for the Toyota RAV4. While this price difference may seem small, it’s worth considering if you’re on a tight budget.
Toyota RAV4 vs. Mazda CX-5: Insurance Costs Comparison
Another factor to consider when comparing these two SUVs is the cost of insurance. According to a recent study, the average cost of insuring a Mazda CX-5 is around $289 less per year than insuring a Toyota RAV4. While this might not seem like a significant amount, it can add up over time.
Toyota RAV4 vs. GMC Terrain: Price Comparison
The GMC Terrain is another popular midsize SUV that’s worth considering. But how does it compare to the Toyota RAV4 in terms of price?
The average retail price for the GMC Terrain is $34,439, which is $298 more expensive than the average MSRP for the Toyota RAV4. While this price difference may not be huge, it’s still worth keeping in mind if you’re on a budget.
Toyota RAV4 vs. GMC Terrain: Insurance Costs Comparison
When it comes to insurance costs, the GMC Terrain is a bit cheaper to insure than the Toyota RAV4. According to recent data, the average cost of insuring a GMC Terrain is around $37 less per year than insuring a Toyota RAV4.
Can My Address Impact the Cost of RAV4 Insurance?
The cost of insuring a Toyota RAV4 can vary depending on various factors, one of which is where you live. Different states in the US have varying insurance rates, and so it’s important to be aware of these rates when shopping for car insurance.
Understanding the Average Cost of Insurance
According to recent studies, the average cost of insurance for a RAV4 is around $1,440 per year. However, this is just an average, and rates can vary significantly depending on your location.
A State-by-State Comparison of RAV4 Insurance Costs
To give you an idea of how much RAV4 insurance rates can vary depending on your location, here is a state-by-state comparison of average RAV4 insurance costs:
High Cost States
Michigan, Louisiana, and Florida are among the states with the highest RAV4 insurance rates in the US, with average yearly costs of $2,301, $2,085, and $2,102, respectively. This is significantly higher than the national average cost of $1,440 per year.
Moderate Cost States
States such as Arkansas, Colorado, Kentucky, and Rhode Island have moderate RAV4 insurance rates, with average yearly costs ranging from $1,405 to $1,685.
Low Cost States
On the other end of the spectrum, states like Virginia and Maine have the lowest RAV4 insurance rates in the US, with average yearly costs of under $1,000.
| U.S. State | Year (12 mo) | Six-Month Cost | 1 Mo |
|---|---|---|---|
| Alabama | 1,175 | 598 | 99 |
| Alaska | 1,273 | 642 | 105 |
| Arizona | 1,293 | 652 | 107 |
| Arkansas | 1,550 | 780 | 129 |
| California | 1,659 | 835 | 138 |
| Colorado | 1,545 | 777 | 129 |
| Connecticut | 1,405 | 708 | 116 |
| Delaware | 1,473 | 742 | 122 |
| Florida | 2,102 | 1,052 | 176 |
| Georgia | 1,401 | 706 | 116 |
| Hawaii | 987 | 499 | 82 |
| Idaho | 1,135 | 578 | 96 |
| Illinois | 1,163 | 592 | 98 |
| Indiana | 1,077 | 549 | 91 |
| Iowa | 1,043 | 532 | 88 |
| Kansas | 1,459 | 735 | 122 |
| Kentucky | 1,685 | 848 | 140 |
| Louisiana | 2,085 | 1,043 | 175 |
| Maine | 995 | 508 | 84 |
| Maryland | 1,309 | 660 | 108 |
| Massachusetts | 1,181 | 601 | 99 |
| Michigan | 2,301 | 1,146 | 192 |
| Minnesota | 1,275 | 643 | 105 |
| Mississippi | 1,370 | 691 | 113 |
| Missouri | 1,535 | 773 | 128 |
| Montana | 1,400 | 710 | 117 |
| Nebraska | 1,383 | 697 | 114 |
| Nevada | 1,591 | 801 | 133 |
| New Hampshire | 879 | 444 | 73 |
| New Jersey | 1,370 | 691 | 113 |
| New Mexico | 1,155 | 588 | 97 |
| New York | 1,540 | 776 | 129 |
| North Carolina | 925 | 468 | 77 |
| North Dakota | 1,197 | 609 | 100 |
| Ohio | 847 | 429 | 71 |
| Oklahoma | 1,409 | 709 | 117 |
| Oregon | 1,206 | 603 | 101 |
| Pennsylvania | 1,220 | 605 | 101 |
| Rhode Island | 1,705 | 858 | 142 |
| South Carolina | 1,334 | 672 | 110 |
| South Dakota | 1,304 | 663 | 109 |
| Tennessee | 1,137 | 579 | 96 |
| Texas | 1,367 | 689 | 113 |
| Utah | 1,191 | 606 | 99 |
| Vermont | 965 | 488 | 81 |
| Virginia | 939 | 475 | 78 |
| Washington | 1,093 | 556 | 92 |
| West Virginia | 1,305 | 658 | 108 |
| Wisconsin | 987 | 499 | 82 |
| Wyoming | 1,332 | 671 | 110 |
Summary. Factors Affecting Auto Insurance Rates
Auto insurance rates for Toyota RAV4 depend on various factors, including:
1. Age of the driver
Age is one of the most important factors that affect the cost of auto insurance. Drivers under the age of 25 are considered high-risk drivers and typically pay higher premiums than older drivers.
2. Driving record
The driving record of the driver also plays a crucial role in determining the insurance rates. Drivers with a clean driving record are likely to pay less than those with a history of accidents, traffic violations, or DUI.
3. Location
The location where the car is driven and parked also affects the insurance rates. If you live in an area with a high crime rate or a high rate of accidents, you are likely to pay more for auto insurance.
4. Coverage options
The level of coverage you choose also affects the insurance rates. Comprehensive coverage, which covers damage to your car from non-collision incidents, costs more than liability coverage, which only covers damages you cause to others in an accident.
5. Deductible
The deductible is the amount you pay out of pocket before the insurance coverage kicks in. A higher deductible can lower the insurance rates, but it also means you will have to pay more out of pocket if you get into an accident.
Tips for Reducing Your Toyota RAV4 Auto Insurance Cost
While the cost of auto insurance for a Toyota RAV4 may seem daunting, there are several ways to reduce your insurance premiums. Here are some tips to help you get the best deal on your insurance coverage:
Compare Insurance Quotes
It’s important to shop around and compare insurance quotes from different providers. This will help you find the best deal on your insurance coverage and ensure that you’re getting the coverage you need at a price you can afford.
Consider Higher Deductibles
Increasing your deductibles can also help you save money on your insurance premiums. Just be sure that you can afford to pay the higher deductibles if you do need to file a claim.
Take Advantage of Discounts
Many insurance providers offer discounts for things like safe driving, good grades, or bundling your policies. Be sure to ask about any discounts that may be available to you.
Bundle Policies
If you have multiple insurance policies, such as home and auto insurance, bundling them together with the same provider can often save you money on your premiums.
Maintain Good Credit Score
Maintaining a good credit score can also help you save money on your insurance premiums. Be sure to pay your bills on time, keep your credit balances low, and monitor your credit report for errors.
FAQs:
- Will my Toyota RAV4 insurance rates be impacted by my driving record? Yes, your driving record can impact your car insurance rates. If you have a history of accidents or traffic violations, you may be considered a higher risk driver and may be charged higher rates as a result.
- Are there any discounts available for Toyota RAV4 insurance? Many car insurance providers offer discounts for things like safe driving, multiple policies, and anti-theft devices. Be sure to ask your provider about any discounts you may be eligible for.
- How much car insurance do I need for my Toyota RAV4? The amount of car insurance you need depends on a variety of factors, including your state’s minimum requirements, the value of your vehicle, and your personal preferences. Be sure to consult with a licensed insurance agent to determine the best coverage for your needs.
- Can I get Toyota RAV4 insurance online? Yes, many car insurance providers allow you to get quotes and purchase coverage online. However, it’s always a good idea to do your research and compare quotes from multiple providers to ensure you’re getting the best coverage and rates.
- How often should I shop around for car insurance? It’s a good idea to shop around for car insurance at least once a year to ensure you’re getting
