Toyota Yaris L Insurance

Insuring your Toyota Yaris L

And how to get the lowest premiums

Toyota Yaris Insurance

The Toyota Yaris L is an economical choice, but the Yaris and Yaris hatchback are no longer being made after the 2020 model year. Even so, Toyota is well-known for it's Certified Used Program. If you are in the market for a Yaris L, you may be able to find a preowned model. 

There are many costs associated with vehicle ownership, and car insurance coverage is one area where you can pay less if you know exactly which coverage could meet your needs. When you work with an independent insurance agent, you'll have one-on-one help finding the right policy from a trustworthy insurer. Your agent will help you get discounts to help reduce your rates, and they can shop multiple companies on your behalf. 

What Kind of Insurance Do You Need for Your Toyota Yaris L?

Bodily injury liability

Bodily injury liability insurance helps pay for medical bills associated with someone else's injuries in an accident that's your fault. Most states require that a driver carry a minimum amount of bodily injury liability. 

Property damage liability

Property damage liability, which covers damage to someone else's property in an accident you cause, may also be required in your state. Your agent can help you decide how much coverage you need. It may be smart to purchase more than the minimum amount. 

Medical payments/personal injury protection

Each state has its own regulations about the type of medical payments and personal injury protection drivers must carry. If you are in a covered car accident, this type of coverage pays for costs related to recovering for you and your passengers. 

Uninsured motorist coverage

Uninsured and underinsured motorist coverage protects you financially if you are in an accident with another driver who doesn't have the right types or amounts of auto insurance. In most places, it's illegal to drive without insurance, but if the at-fault driver can't pay for damage, you may be left with the bill. 

Optional Coverage

Collision

Collision insurance coverage will replace or repair your Yaris L if you are in a covered accident. Whether this coverage is right for you and your car depends on the age and market value of your vehicle. If you financed or leased your Yaris L, you may have to keep collision coverage on the vehicle until it's paid off. 

Comprehensive

Comprehensive insurance covers repairs to your Yaris L for everything that isn't covered under your collision coverage. This includes getting into an accident with an animal in the road, damage done to your car by falling objects, and vandalism. The insurance company pays to replace or repair your Yaris L, up to the car's value, minus your deductible. 

Glass coverage

Fixing a broken Toyota Yaris L windshield could cost hundreds of dollars. Unfortunately, most deductibles are more than the cost of a windshield, making it pointless to file an insurance claim. If you choose to add zero-deductible glass coverage to your auto insurance policy, it could cost just a few dollars extra each month. 

Gap insurance

If you purchase a brand-new Toyota Yaris L, you may have the option to add gap insurance at the dealership. Even if you previously rejected this optional coverage, you can still add it to your auto insurance with help from your agent. 

If you owe more on your car than it's worth and you are in an accident that results in a total loss, the insurance settlement goes to your bank or lease company. Without gap insurance, you'll have to pay the balance out of pocket. Gap insurance pays the "gap" between the amount of money your car is worth and the amount of money you owe. 

What Affects the Cost of Insurance for Your Toyota Yaris L?

Annual mileage: If you plan to drive your car more than 10,000 to 15,000 miles per year, you may pay somewhat higher insurance rates. 

Your driving record: Yaris L drivers who have a moving violation or at-fault accident on their record typically spend more money on auto insurance than drivers with a spotless record. 

The value of your vehicle: Because it costs more to replace or repair a newer vehicle, you'll pay higher auto insurance premiums for a newer Yaris L. 

Average Toyota Yaris L Insurance Costs

On average, a 40-year-old Toyota Yaris L driver pays $1,298 annually for full coverage auto insurance. For liability-only insurance, the average rate drops to $390 per year. An average 16-year-old driver pays $4,876 for full coverage insurance on a Toyota Yaris L. These are averages, so your rates could vary depending on where you live, your age, the value of your car, and your driving record.

The Safety of Your Toyota Yaris L

The National Highway Traffic Safety Association gave the 2020 Toyota Yaris L an overall 5-star safety rating. 

The 2020 Yaris has a number of safety features that could help lower your insurance premiums:

  • Driver air bag
  • Passenger air bag
  • Front head air bag
  • Rear head air bag
  • Front side air bag
  • 4-wheel ABS
  • Front disc/rear drum brakes
  • Brake assist
  • Electronic stability control
  • Daytime running lights
  • Child safety locks
  • Integrated turn signal mirrors
  • Traction control

How Location Affects Your Toyota Yaris L Insurance 

Your location plays a big part in your auto insurance rates. 

The average Toyota Yaris L driver with a good driving record pays varying annual auto insurance rates depending on where they live:

Los Angeles:Chicago:Columbus:
$2,214 $1,739 $1,084

Your agent can help you get personalized quotes so you fully understand how much you'll pay for the policy you need most. 

Additional Factors that Affect Your Toyota Yaris L Insurance Premiums

  • Safety features like anti-theft devices
  • Age
  • Gender
  • Deductible
  • Credit

Average Cost to Insure a Toyota Yaris L

Average annual cost to insure a Toyota Yaris L with full coverage:$1,298
Teens:$4,876
High-Risk drivers:$2,802
High Deductibles:$1,128
Low Deductibles:$1,626


Top 3 most expensive states for Toyota Yaris L insurance:
New York, Michigan, and Florida$1,750
Top 3 most affordable states for Toyota Yaris L insurance:
Utah, Ohio, and New Hampshire$930

Top Independent Insurance Carriers That Insure the Toyota Yaris L

According to a recent U.S. Independent Insurance Agent Satisfaction Study by J.D. Power, the following companies provide excellent service to their insurance customers: 

  1. Progressive
  2. Safeco
  3. Travelers
  4. Auto-Owners Insurance

Get a Toyota Yaris L Quote

When you work with an independent insurance agent, you can get quotes from multiple insurance companies with a single point of contact. The Trusted Choice find-an-agent tool helps you get in touch with an agent in your area. Visit TrustedChoice.com today and get started saving money on your Yaris insurance. 

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 IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver