What affects the price of car insurance?
Insurers use many different factors to determine insurance costs, including:
Your age: Younger drivers will often find they pay more than more experienced, older drivers. They are seen as higher risk as having less experience may make them more likely to be involved in an accident.
Where you live: If you live in a built up area, you might find your insurance costs are higher than if you lived in a rural area. This is usually because the risk of vehicle theft is seen to be higher.
Your occupation: Some jobs are seen as more risky than others by insurers. This is based on factors including how much time you spend on the road as part of your job, the types of people you'll be associating with and where your car is kept during work hours.
Your car: insurers rank cars from insurance groups 1 to 50, with 1 being the cheapest to insure. More powerful and expensive models will be in a higher group with 50 being the most expensive cars to insure. Toyota insurance groups range from 1 to 48.
Your driving history: if you have any previous claims or driving convictions they will impact how much you pay.
Car insurance group checker
The car
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How can I save on my Toyota car insurance?
There are several factors that can affect the price of the insurance on your Toyota including your age, location and driving history. But there are still ways you can try to reduce the cost:
Estimate your mileage accurately.
Drivers who estimate a higher annual mileage may find their policy costs more as they will be seen as higher risk as they are on the roads more. Our customers drive 6,600 miles per year, on average2. If you don't expect to drive very much, you might benefit from a pay as you go policy.
>Improve your car's security
By adding things like a steering wheel lock, car tracker, or immobiliser it can reduce the chances of your Toyota being stolen. You can also reduce the risk of car theft by parking your car in a secure garage if you are able. This is likely to reduce the cost of your insurance compared to parking on a dimly lit street, for example.
Build up your no-claims bonus (NCB)
Your NCB increases each year you're insured without making a claim. Insurers often offer discounts that increase with each year of no-claims you build up. Some policies offer NCB protection as an optional extra to help you keep your bonus even if you need to make a claim. This means you can make a certain number of no-fault claims in a year and not lose your NCB.
Pay annually rather than monthly.
Paying annually could save you up to 38%(2) on your car insurance. This is because when you pay monthly, insurers will add interest to the total price.
Add a named driver
Young drivers could find this especially helpful in reducing their premium. Adding one driver to your policy can help reduce your price by up to 20%(2) But you need to be honest about who the main driver is or you could be accused of 'fronting' which is illegal and likely to result in your insurance policy being invalidated.
Increase your voluntary excess
The higher your excess, the lower your premium is likely to be. The most popular excess is £250, but if you can afford to increase it, you might reduce your overall price.
Shop around and compare quotes
Make sure you're getting the best deal for your car insurance by comparing prices. We've found that the best time to buy your policy could be around 18 days before your renewal date(2).
What insurance can I get for my Toyota?
There are three levels of car insurance you can choose from:
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