Toyota, a Japanese automaker that also includes the Lexus luxury subdivision, is the largest automobile manufacturer in the world. Its vehicles have a long-standing and strong reputation for safety and reliability. Toyota is the last automotive manufacturer that offers a product in every market segment, from small and large cars and SUVs to pick-up trucks and minivans. Insurance costs can therefore vary dramatically between vehicles depending on their age, complexity, theft and claims history, outright value, and more. External factors, such as driver history, location, and how you use and store the vehicle, can also affect your quote.
The premiums on this page are based on MyChoice’s internal quote data. They compare Toyota auto insurance costs by model and Ontario city, examine whether used Toyotas are cheaper to insure than new ones, and show how Toyota compares with other mainstream brands.
Toyota Insurance Costs in Ontario
Toyota insurance costs a median of $2,197 per year in Ontario, which is 6% below the $2,345 median for all vehicles in our data. On a model-specific median basis, the Corolla LE Hybrid AWD is the cheapest Toyota model to insure at approximately $2,161 per year, while the RAV4 LE FWD is the most expensive at $3,449.
| Median Toyota premium (Ontario) | $2,197 |
| Toyota vs Ontario all-vehicle median | -6% |
| Cheapest Toyota model to insure in Ontario | Corolla LE HEV 4Dr AWD (~$2,161) |
| Most expensive Toyota model to insure in Ontario | RAV4 LE 4Dr 2WD (~$3,449) |
| Cheapest alternatives to insure | Mazda ($2,124), MINI ($2,003), GMC ($2,017), Dodge ($2,026) |
How Toyota Insurance Rates Stack Up Across Ontario
In our city-specific median insurance cost data, two identical 2020 Corolla L models produce different rates: $2,228 per year in Milton and $2,431 in London. RAV4 Hybrid examples range from $2,869 in Oshawa to $3,822 in Markham, while a 2022 Camry SE in Brampton reaches $4,663. These examples show how external factors such as postal code can cause significant price differences, even when quoting on the same vehicle.
| City | Model | Model Year | List Price | Median Annual Car Insurance Premium |
|---|---|---|---|---|
| Barrie, ON | Highlander Limited V6 AWD | 2015 | $47,664 | $2,858 |
| Brampton, ON | Camry SE AWD | 2022 | $33,022 | $4,663 |
| Etobicoke, ON | RAV4 LE 4Dr 2WD | 2022 | $30,293 | $4,493 |
| London, ON | Corolla L 4Dr | 2020 | $20,885 | $2,431 |
| Markham, ON | RAV4 XLE HEV 4Dr AWD | 2026 | $43,365 | $3,822 |
| Milton, ON | Corolla L 4Dr | 2020 | $20,884 | $2,228 |
| Niagara Falls, ON | Sienna Limited HEV | 2021 | $58,999 | $2,112 |
| Oshawa, ON | RAV4 XLE HEV 4Dr AWD | 2024 | $40,792 | $2,869 |
| Ottawa, ON | Sienna LE V6 | 2016 | $36,492 | $2,585 |
| St. Catharines, ON | Corolla LE HEV 4Dr AWD | 2023 | $28,970 | $1,882 |
The New-versus-Used Toyota Cost Picture
A used Toyota is estimated at $2,107 per year to insure, $156 below the $2,263 new-vehicle figure. This reflects a broad age adjustment rather than the same Toyota at two ages. Check replacement-cost eligibility on a newer vehicle and the value of comprehensive coverage on theft-targeted used models.
| Vehicle | Median Annual Car Insurance Premium |
|---|---|
| New Toyota | $2,263 |
| Used Toyota | $2,107 |
Toyota’s Position Among Mainstream Competitors
Toyota is among the cheaper mainstream brands to insure in Ontario, with a median annual premium of $2,197. It costs $73 more per year than Mazda on average but $38 less than Mitsubishi and $106 less than Honda. Those differences equal approximately $3 to $9 per month.
| Car brand | Median Annual Car Insurance Premium |
|---|---|
| Mazda | $2,124 |
| Toyota | $2,197 |
| Mitsubishi | $2,235 |
| Subaru | $2,272 |
| Kia | $2,299 |
| Honda | $2,303 |
| Nissan | $2,320 |
| Volkswagen | $2,506 |
| Hyundai | $2,684 |
Toyota Insurance Questions in Ontario
How much does it cost to insure a Toyota in Ontario?
According to the MyChoice internal quote database, the median annual cost to insure Toyota vehicles in Ontario is $2,197. This is 6% below the $2,345 median for all vehicles.
Are Toyota vehicles reliable and safe?
Toyota’s vehicles have a longstanding reputation for being among the most reliable in the automotive industry. This is backed up by the 2026 J.D. Power U.S. Vehicle Dependability Study, which rates Toyota among the top 10 most reliable brands. (2026 represents a drop for the brand, which typically appears in the top 5.)