Toyota Prius V Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs less to insure a Toyota Prius V than the average car.

• Full coverage for a Prius V usually runs about $137 per month, while liability only auto insurance premiums run around $65.

• At as little as $28 a month for liability only coverage, CSAA is the cheapest insurance carrier for a Prius V.

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Prius V Overview

The Toyota Prius V is a great budget-friendly car for drivers of all types, with a base price of just $26,675 for 2017 models.

We combed through thousands of car insurance quotes on Compare.com, and we've determined that average Toyota Prius V insurance rates run about $124 per month. Compared to other vehicles in the market, how do Prius V auto insurance prices stack up?

How Much is Car Insurance for a Toyota Prius V?

If you look at the table above, you'll see that compared to other vehicles, Toyota Prius V insurance rates are cheaper than average. Prius V drivers can expect to pay around $137 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $65 monthly for liability only insurance (our guide, "State Minimum vs. Full Coverage", can provide more details on these different types of insurance).

Compared to other models, the Prius V is cheaper, with prices more than 10% lower than Toyota's other vehicle offerings. Likewise, coverage for the Prius V is lower than average when compared to other vehicles of a similar body style, with both full coverage and liability only insurance averaging less expensive premiums than other cars.

Impressively, they're overall more affordable to insure than the average vehicle, no matter what model, body style, or make they are.

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Who has the Cheapest Car Insurance for a Toyota Prius V?

Are you searching for an auto insurance policy for your Toyota Prius V? You most likely want to know which company offers the cheapest premiums. Although rates can shift dramatically depending on your driver profile, the lowest average rates for liability only insurance are as low as $21 a month from Arrowhead and CaliforniaCasualty.

Hugo, CSAA, and Commonwealth Casualty round out the end of the top 5 list. However, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest carriers for you and your unique insurance profile.

Car insurance companies take a bunch of different things into consideration when calculating how much to charge you. By checking quotes from a whole range of car insurance carriers at once, you can rest easy knowing that you're finding the most affordable rate.

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What Factors Affect Car Insurance Rates for a Toyota Prius V?

There are an array of factors that auto insurance companies use to determine how much to charge for car insurance -- and every carrier weighs different variables more heavily than others, so there's not a single company that's the lowest for each driver.

Below are just a few of the variables insurance carriers look at and how each one affects your final rate:

Vehicle Age

The Toyota Prius V has been around for a while -- that means vehicle age will likely make a difference in what you end up paying for car insurance. Usually, newer cars are going to cost more to insure because they're worth more, however, as time goes on and Prius Vs begin to depreciate, insurance costs will gradually go down.

According to the table above, the Toyota Prius V is not quite in line with this trend, as the cheapest models to insure are those that are 1 year old or less, while on average, the most expensive Prius Vs are 4 to 5 years old.

Your Age

Age is another variable that makes a big difference in how much auto insurance companies will charge you. Based on the information in the table above, those with more experience pay less compared to younger Prius V drivers. Toyota Prius V drivers 18 to 24 actually pay $43 more than those 25 or older.

Auto insurance prices continue to decrease as you get older, with drivers aged 65 years and older making up the cheapest age group for the Prius V.

Your Gender

Because women are less likely to get into collisions and get speeding tickets, they have a decreased chance of filing a claim with insurance. So, insurance carriers will often charge women less than men. The Toyota Prius V follows this convention, and men pay about $13 more than women monthly for insurance.

Where You Live

You may think it's obvious that factors like what vehicle you drive and how old you are play a role in your auto insurance premiums, but you may not realize that where you live matters, too. Since insurance is regulated on the state level rather than nationally, prices can differ quite a bit depending on which state you call home.

For example, the average Toyota Prius V owner from New York pays around $202 per month for liability coverage. Meanwhile, the same driver from California will pay less than 50% of that price, on average. The table above shows average rates for the top 10 most populous states, just to give you a good idea of how much prices can change depending on where you live.

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Toyota Prius V Car Insurance Discounts

No matter how old you are, what car you drive, or what state you live in, it's always in your best interest to take advantage of as many car insurance discounts as possible.

While no two insurance companies offer the same exact discounts, there are a few that you'll find with most insurers. These include discounts like:

• Pay-in-full discounts for drivers who choose to pay their entire policy rate up front, rather than in monthly installments
• Multi-policy discounts for bundling your home and auto policies with the same carrier
• Multi-car discounts for having several vehicles on your auto policy
• Defensive driving discounts for taking a defensive driving class through a certified school or institution

While taking advantage of discounts is always a smart way to save money on your car insurance, sometimes, the best way to save isn't through a "discount" at all, but rather by having a favorable insurance profile and driving record.

Although you can't control every single aspect of your auto insurance profile (like some of the attributes we mentioned above), there is quite a bit that you can control. Below are just a few of the ones you can use in your favor in order to save money on car insurance:

Your Driving Record

You've most likely seen ads from auto insurance carriers posting big savings for responsible drivers. It makes sense that your insurance premiums will go up if you get into an accident or get speeding tickets. But exactly how much is it going to cost you for these infractions?

You can see from the table above that accidents will usually cost Prius V drivers less than tickets, but both will result in higher than average rates. Toyota Prius V drivers with one accident on their record pay an average of $68 a month (up $3 from the $65/mo. overall average), while drivers with a single ticket will pay about $73 a month. The rates only get higher the more collisions you have or tickets you get.

How Much You Drive

Another factor that impacts your auto insurance rates is how much you drive annually. Those who drive less often are less likely to get speeding tickets, so they'll generally be offered lower premiums. Above, you can see that Toyota Prius V owners who drive 10,000 miles or more pay $66 for insurance, while those who drive fewer than 2,500 miles each year pay an average of $55 per month.

But if you don't drive much because you work from home or have a second vehicle, you might consider learning about usage-based or pay-per-mile car insurance policies. With these policies, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

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How Do Toyota Prius Vs Compare to Other Vehicles?

If you're considering buying a new car and a Toyota Prius V is on your shortlist, you're probably wondering how it compares to other vehicles. Insurance is just one cost that's associated with a new car purchase, but it's certainly one that's worth considering.

Check out the table below to see how the Toyota Prius V compares:

With an MSRP that's a third less than the going rate for a new vehicle, the Toyota Prius V is a great value for any budget. The Prius V starts at $26,675, which is quite a bit lower than the national average vehicle price of $41,931.

In the same fashion, auto insurance prices are cheaper when compared to the rest of the vehicle market. Full coverage insurance for a Toyota Prius V is about $32 a month cheaper than average, while liability only coverage is $16 cheaper monthly.

When it comes to usage, Toyota Prius V drivers are near the national average in annual miles driven, with 10,794 miles every year compared to 11,660 for all vehicles.

Toyota Prius V Car Insurance Costs by Model Year

You've seen how different things can affect how much the average driver pays to insure a Toyota Prius V. If you're thinking about buying a new vehicle and the Prius V is one you're considering, knowing what you'll likely pay can be helpful as you consider your options.

So we've broken down Toyota Prius V car insurance premiums by model year. Simply choose a specific Prius V model year in the dropdown below and see average rates for both liability only and full coverage, as well as some other helpful info, such as the base MSRP, which trim levels are offered, and who offers the most affordable policies for each year the Prius V has been around.

Choose Your Model

2017 Toyota Prius V Car Insurance 2016 Toyota Prius V Car Insurance 2015 Toyota Prius V Car Insurance 2014 Toyota Prius V Car Insurance 2013 Toyota Prius V Car Insurance 2012 Toyota Prius V Car Insurance

2017 Toyota Prius V Car Insurance

It costs around $65 a month for liability or $137 for a full coverage policy for the 2017 Prius V.

With rates as cheap as just $21 monthly, CaliforniaCasualty offered the cheapest policy we found for the 2017 Toyota Prius V.

Want to find the best rates? Enter your ZIP code below to get a variety of customized quotes for free.

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2016 Toyota Prius V Car Insurance

On average, drivers who own a 2016 Toyota Prius V can expect to pay $67 to $144 per month for liability only and full coverage insurance, respectively.

Liberty Mutual has prices as cheap as $20 a month for the 2016 Toyota Prius V.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2015 Toyota Prius V Car Insurance

The average cost to insure a 2015 Prius V with liability only coverage is $86 per month, while full coverage runs about $144 monthly.

We found Safeco offered the most affordable policy, with rates as little as just $17 per month.

While these are good estimates of what the average driver might pay to insure a 2015 Toyota Prius V, these rates might differ based on your driver profile. Get free personalized quotes in minutes by just entering your ZIP code below.

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2014 Toyota Prius V Car Insurance

You can expect full coverage for a 2014 Toyota Prius V to run around $143 a month, while liability only coverage will average about $58 monthly.

With prices sometimes as cheap as $22 a month, MetroMile offered the cheapest policy we found.

If you want to know just how much your price will be, just enter your ZIP code below and get free quotes in minutes.

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2013 Toyota Prius V Car Insurance

2013 Prius V drivers can expect to pay an average of $64 monthly for liability or $128 for full coverage.

MetLife offered the lowest policy we found, with rates sometimes as low as $20 per month.

If you want to know just how much your premium will be, just enter your ZIP code below and get several free quotes in minutes.

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2012 Toyota Prius V Car Insurance

It costs around $62 monthly for liability or $123 for a full coverage policy for the 2012 Toyota Prius V.

Looking for the cheapest policy? Shelter Mutual offered liability only coverage for as low as just $18 a month.

Want to know exactly what your auto insurance rate will be? Get several free customized quotes by just entering your ZIP code below.

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Toyota Prius V Insurance FAQs

Is a Toyota Prius V expensive to insure?

Liability insurance runs an average of $65 per month, while full coverage will cost you around $137. It costs less to insure a Toyota Prius V when compared to the average car.

How can I get the best price on car insurance for my Toyota Prius V?

The only way to confirm you're getting the lowest price on insurance is to regularly shop around and compare quotes from multiple companies. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from quite a few carriers at once, meaning you can find the most affordable rates (or guarantee you already have the best deal) for free.

Does the color of my Toyota Prius V affect my insurance prices?

You might have heard that it costs more to insure red cars than silver or white ones, but that's just a myth. While there are multiple variables car insurance companies examine when they decide how much to charge, your vehicle's color is not used to make that determination.

Do I need to have insurance before I buy a Toyota Prius V?

You'll need to have a valid auto insurance policy before you can legally drive your new (or new to you) Prius V off the dealership lot. Some dealerships will offer you an auto insurance policy as part of the buying process, but the best thing to do when buying a a new car is to let your car insurance company know ahead of time.

What car insurance discounts can I get for my Toyota Prius V?

You will find a variety of discounts out there when it comes to insurance. Many of them (like "multi-policy discounts" and "pay-in-full discounts") are based less on your Toyota Prius V and more on you, but if your Prius V has safety features like anti-theft systems, anti-lock brakes, airbags, and other features, it may be eligible for certain discounts. The only way to know for sure is to get in touch with your insurance carrier and ask about which discounts they offer, since they vary quite a bit from carrier to carrier.