About Toyota car insurance
Toyota was founded in 1924 in Japan by a man named Sakichi Toyoda. Before Toyota manufactured cars, they manufactured automatic looms! You’ve probably seen a loom in an old photo: it’s a machine used to weave cloth. In 1933, the company started making cars. The first vehicles were the A1 passenger car and the G1 truck.
Today, the company sells many different types of vehicles, including SUVs like the RAV4, trucks such as the Tacoma and compact cars like the Corolla and Camry. Many Toyotas are available as hybrids if you’re looking to lower your carbon footprint.
Fun facts about Toyota
- The Toyota Camry is named after the Japanese word for crown: kan-muri.
- Toyota has three plants in Canada, all located in Ontario. They produce the Corolla and RAV4.
- Toyota crash tests over 1,600 vehicles each year! They also do virtual simulations to keep the roads safe.
Common Toyota auto insurance coverages
Whatever type of car you decide to purchase, you’ll need the right car insurance plan to go with it. (Don’t forget – it’s illegal to drive in Canada without insurance!) Your needs will vary depending on what province you live in and how much coverage you want. Here are a few of the coverages available:
This is a mandatory coverage in Canada, although the minimum amount of coverage varies depending on province. Liability insurance helps pay for damages and injury if you’re at fault in a car accident.
Collision insurance is an optional but highly recommended coverage option. It can protect you if you are in an accident with another car or object. It covers you regardless of who is at fault.
There are things other than car accidents that can damage your vehicle. Things like vandalism, theft, fire and water damage are not covered by collision insurance. Comprehensive coverage can help cover the unexpected.
This is an optional coverage for people who believe in second chances! With accident coverage, your first at-fault accident will not cause your rates to increase. Talk to an insurance broker to learn more about accident forgiveness.
Factors that impact Toyota auto insurance rates
There are many different things insurance companies consider when determining your rate. Here are a few of the most common factors considered:
Make and model
The type of vehicle you have will have an impact on how much you pay. Things like safety features, cost of parts and repairs are considered.
Where you live
Insurance companies consider where you live when determining your rate. Rates can vary by province and city.
If you are a new driver without a lot of experience, you may have higher rates. As you gain more accident-free experience, your rate may decrease.
Your insurance broker will ask you how often you use your vehicle and when you use it. You could save money by driving less often and avoiding driving during rush hour.
Contact BrokerLink for Toyota car insurance
If you’re looking to insurance your Toyota, a BrokerLink insurance advisor can help. Our brokers have the experience to answer all your questions and help you get a great rate. We will guide you when it comes to finding the right car insurance for your needs.
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Toyota auto insurance FAQs
How are car insurance quotes for a Toyota calculated?
Car insurance quotes are calculated by gathering information about the car you want insured and your insurance history. That information allows an insurance company to calculate your risk. If you have a higher risk of submitting a claim (history of accidents, not a lot of driving experience), you may have higher rates. If you are a low risk customer (no history of accidents, more driving experience), you may have a lower rate. Other factors may also come into play, such as where you live and the type of vehicle you are trying to insure.
What is the least expensive Toyota model to insure?
That depends on a few different factors. Two people with the same Toyota Corolla could pay different rates. That’s because insurance companies don’t just consider the type of vehicle you’re driving. They also consider your driving history. To get a quote that’s just for you, talk to an insurance broker.
Is it safe to buy Toyota insurance online?
It can be confusing to do it on your own. That’s why we recommend using an insurance broker to buy insurance. A broker will help make sure you have the right insurance for your specific needs.
*This article is in no way sponsored, endorsed or associated with Toyota.