Toyota Yaris Sedan

How to Properly Insure Your Toyota Yaris

(And why you need each type of coverage)

The Toyota Yaris sedan is a subcompact, economical commuter with excellent fuel economy and agile handling. Toyota vehicles are known for their longevity, making this car an excellent choice. It’s important to ensure you’re covered against the risks that face you every day as a driver. An independent insurance agent can help you get the car insurance that is right for you. 

Trusted Choice’s find-an-agent tool will match you with a local insurance agent ready to answer all your questions. 

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

Any time you drive, you are at risk for anything from getting rear-ended to storm damage and so much more. While nobody ever expects to get into an accident, unfortunately it happens. That’s why it’s essential that you have the right car insurance for protection. 

A variety of different coverages exist, but not all are mandatory. Even if you aren’t required to carry certain types of insurance, you’ll want to weigh the risks and benefits with an independent insurance agent. 

Most states mandate the following coverage: 

Bodily injury liability 

If you cause an accident and others are injured because of your negligence, this insurance protects you from claims for damages related to medical expenses and lost wages. 

Property damage liability 

Property damage liability pays for damage you cause to another person’s property such as a collision with their vehicle, a tree, fence, or something else.

Many states also require this coverage: 

Medical payments/Personal injury protection

Personal injury protection (PIP) and medical payments reimburse you and your passengers for injuries and lost wages resulting from an accident.

Uninsured motorist coverage 

Unfortunately, there are drivers on the road that have failed to purchase insurance. If you are injured in an accident caused by one of these drivers, this coverage protects you. You can also purchase uninsured and underinsured motorist coverage, which covers you when the other driver doesn’t have enough insurance for the damage sustained. The policy will pay you an additional amount up to your policy limits. 

Optional coverage:

Collision

Collision insurance pays for damage caused to your vehicle when you are at fault for a collision with another car or object. 

Comprehensive

Accidents can happen in ways other than collisions. What if a hailstorm causes extensive damage? What if a tree were to fall on your parked car? Comprehensive insurance protects you from incidents like these. 

Glass 

One of the most common claims is for windshield chips and cracks from rocks, pebbles, and other debris. Glass coverage is usually very affordable, and will cover a windshield repair or replacement. 

Gap 

If you owe more on your car than it’s worth, it’s a good idea to consider buying gap insurance. If your car were to be declared a total loss in an accident, the gap insurance would cover the difference between what you owe and the current value of the car. 

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

Your annual mileage

The total amount of miles you drive each year will impact your car insurance rates. Someone with a long commute each day has a greater chance of getting into an accident than someone who drives a few miles to the store on occasion. 

Your driving record

If you’ve had several moving violations in the past few years, your rates will be higher than someone with a spotless record. Your independent insurance agent can tell you how long any current violations will affect your insurance premiums.

The value of your Toyota Yaris

Insurers take into consideration the value of your car when determining car insurance premiums. A car that has a high value ultimately will cost more to fix or replace. 

Average cost of a 2016 - 2020 Toyota Yaris: 
2016$9,000 - $10,700
2017$10,500 - $12,150
2018$11,025 - $13,550
2019$14,175 - $16,175
2020$15,650 - $18,750

How does safety affect the cost of my Toyota Yaris insurance? 

The safety rating of your car is another factor that insurers look at. After all, safer cars generally result in fewer accidents. 

The 2020 Toyota Yaris boasts an impressive five-star rating from the NHTSA, making it an excellent choice to own. 

How does my location affect my Toyota Yaris insurance?

Do you live in a big city? If so, your car insurance rates for your Toyota Yaris will be higher than someone in a rural town. In a populated city, the risk is higher for accidents and incidents like theft and vandalism. 

What States are Most Affordable and Least Affordable for Toyota Yaris Insurance? 

Estimated annual car insurance premiums in the United States:

Most expensive states:
Louisiana$1,824
Michigan$1,600
Florida$1,596
California$1,588
Rhode Island$1,544
Most affordable states:
North Dakota$428
Ohio$500
North Carolina$520
Idaho$552
Maine$556

How Can You Save on Toyota Yaris Insurance? 

Luckily, there are many ways you can save money on your insurance policy. Most insurers offer the following discounts: 

  • Good student discount
  • Anti-theft device discount
  • Affinity discount
  • Good driver discount
  • Multi-line discount
  • Multi-vehicle discount

Ask your independent insurance agent to find out about additional ways you can save money on your insurance. 

Top insurance companies that insure the Toyota Yaris

Not all insurance companies are alike. You want a company that's reliable, responsive, and trustworthy. The U.S. Independent Insurance Agent Satisfaction Study by JD Power gave the following companies high marks: 

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

Your agent can guide you in choosing the best company for your needs.

Get a Toyota Yaris Insurance Quote

There are plenty of perks to working with an independent insurance agent. Your agent has the ability to shop a wide variety of companies to get you the best rate. An independent agent works for you, so you can be rest assured your needs are taken care of. Let an independent insurance agent get you a car insurance quote today.

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