Cheap Toyota 86 Car Insurance in 2024 (Find Savings With These 10 Companies)

The top picks for cheap Toyota 86 car insurance are Farmers, State Farm, and Progressive, known for their affordable and effective coverage options.

These providers stand out due to their competitive premiums, comprehensive policy offerings, and excellent customer service, making them ideal choices for Toyota 86 owners. Learn more in our complete “Cheapest Car Insurance Companies.”

Our Top 10 Company Picks: Cheap Toyota 86 Car Insurance

By comparing their quotes, you can ensure that you receive the best value tailored to the specific needs of your vehicle. Understanding the factors that affect insurance rates, such as your driving history and location, will also help you secure the most cost-effective coverage for your Toyota 86. Ready to find cheaper auto insurance coverage? Enter your ZIP code below to begin.

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#1 – Farmers: Top Overall Pick

Pros

• Affordable Rates for Toyota 86: Farmers offers competitive monthly rates at $80, making it a budget-friendly option for Toyota 86 owners. Read up on Farmers insurance review & ratings for more information.
• Bundling Advantage: Significant savings available for Toyota 86 owners who bundle their car insurance with other policies such as home or life insurance.
• Strong Financial Rating: Farmers maintains an A.M. Best rating of A, indicating robust financial health and reliability for Toyota 86 policyholders.

Cons

• Limited Coverage Options: While Farmers excels in policy bundling, their range of coverage options may be less diverse compared to others, potentially affecting Toyota 86 owners looking for specific coverages.
• Rate Increases: Some Toyota 86 owners might experience rate increases at renewal, which could diminish the initial cost benefits of choosing Farmers.

#2 – State Farm: Best for Comprehensive Coverage

Pros

• Extensive Coverage Choices: State Farm provides a variety of coverage options, ideal for Toyota 86 owners seeking tailor-made solutions.
• Discounts for Low Mileage: Toyota 86 owners benefit from significant discounts if their vehicle has low annual mileage. Unlock details in our State Farm insurance review & ratings.
• Strong Financial Standing: With an A.M. Best rating of B, State Farm is a reliable choice for comprehensive insurance needs of Toyota 86 owners.

Cons

• Higher Premiums: Despite available discounts, State Farm’s premiums, at $85 monthly, can be higher than some competitors for certain coverage levels for Toyota 86.
• Restrictive Multi-Policy Discount: The multi-policy discount offered by State Farm may not be as competitive, impacting Toyota 86 owners looking to combine multiple insurance policies.

#3 – Progressive: Best for Snapshot Program

Pros

• Customized Rates through Snapshot: Progressive’s Snapshot program potentially offers lower rates for safe driving behaviors, ideal for Toyota 86 drivers.
• High A.M. Best Rating: With an A+ rating, Progressive assures financial stability and claims-paying ability, which is crucial for Toyota 86 insurance holders.
• Competitive Monthly Premium: At $90, Progressive offers a competitive rate for Toyota 86 owners seeking robust coverage options. Discover insights in our Progressive insurance review & ratings.

Cons

• Snapshot Program Limitations: The benefits of the Snapshot program might not apply uniformly to all Toyota 86 drivers, particularly those with higher risk profiles.
• Premium Variability: Toyota 86 owners may face premium fluctuations based on driving behavior recorded by the Snapshot tool, leading to potential unpredictability in costs.

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#4 – American Family: Best for Teen Discount

Pros

• Special Discounts for Teens: American Family offers attractive discounts for families with teen drivers, beneficial for Toyota 86 owning families.
• Solid Financial Rating: An A.M. Best rating of A ensures that American Family is financially robust, providing reassurance to Toyota 86 insurance subscribers.
• Competitive Pricing: With a monthly premium of $92, American Family offers a cost-effective option for Toyota 86 owners. See more details in our guide titled, “American Family Insurance Review & Ratings.”

Cons

• Focus on Teen Discounts: While beneficial for families, the teen-focused discounts may not appeal to Toyota 86 owners without teen drivers.
• Limited Discount Scope: Other potential discounts might be less substantial, affecting the overall affordability for Toyota 86 owners.

#5 – Travelers: Best for IntelliDrive Program

Pros

• Innovative IntelliDrive Program: Travelers offers potential savings for Toyota 86 owners who enroll in the IntelliDrive program, tracking safe driving habits.
• Top Financial Rating: An A++ rating from A.M. Best highlights Travelers’ exceptional financial health, beneficial for Toyota 86 policyholders. Check out insurance savings in our complete Travelers insurance review & ratings.
• Rate Competitiveness: At $95 per month, Travelers remains competitively priced for Toyota 86 owners looking for advanced telematics-based discounts.

Cons

• Program Dependence: Savings are highly dependent on the IntelliDrive program’s assessment of driving behaviors, which might not benefit all Toyota 86 drivers.
• Potential Privacy Concerns: The use of telematics in the IntelliDrive program might raise privacy concerns for some Toyota 86 owners.

#6 – Allstate: Best for Safe Driver

Pros

• Rewards for Safe Driving: Allstate offers substantial discounts for safe driving, which can benefit conscientious Toyota 86 owners. Learn more in our complete Allstate insurance review & ratings.
• High A.M. Best Rating: With an A+ rating, Allstate ensures strong financial reliability, which is crucial for Toyota 86 owners seeking dependable coverage.
• Customized Coverage Options: Toyota 86 owners can customize their insurance plans, allowing for tailored coverage that meets specific needs.

Cons

• Higher Premiums for Some Drivers: Despite discounts for safe driving, some Toyota 86 owners might face higher premiums based on other risk factors.
• Discount Eligibility Restrictions: The safe driver discounts may require stringent criteria, potentially limiting their availability to a narrower group of Toyota 86 owners.

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#7 – USAA: Best for Military Discount

Pros

• Exclusive Military Discounts: USAA offers exclusive discounts for military members and their families, which is ideal for Toyota 86 owners serving in the armed forces.
• Top-Tier Financial Rating: An A++ rating from A.M. Best ensures that USAA is exceptionally reliable in financial terms, important for Toyota 86 policyholders. See more details in our guide titled, “USAA Insurance Review & Ratings.”
• Competitive Rates: With a monthly premium of $100, USAA offers competitive rates, especially considering the additional military discounts for Toyota 86 owners.

Cons

• Limited Availability: USAA’s services are exclusive to military members, veterans, and their families, which restricts access for civilian Toyota 86 owners.
• Potential Coverage Limitations: While USAA offers excellent rates and discounts, some specific coverage options or benefits might be limited compared to other insurers.

#8 – Liberty Mutual: Best for Customizable Plans

Pros

• Highly Customizable Policies: Liberty Mutual offers highly customizable policies, which allows Toyota 86 owners to tailor their insurance to their specific needs.
• Strong Financial Standing: With an A rating from A.M. Best, Liberty Mutual is financially robust, providing security for Toyota 86 insurance holders. Discover more about offerings in our Liberty Mutual insurance review & ratings.
• Competitive Premium: At $105 monthly, Liberty Mutual remains a competitive choice for Toyota 86 owners looking for personalized insurance solutions.

Cons

• Premium Variability: Due to the high level of customization, premiums can vary significantly for Toyota 86 owners, which may lead to higher costs depending on selected options.
• Complexity in Policy Management: The extensive customization options can also make policy management more complex, potentially challenging for Toyota 86 owners who prefer simplicity.

#9 – The Hartford: Best for AARP Benefits

Pros

• Exclusive AARP Member Benefits: The Hartford offers exclusive benefits for AARP members, which can be advantageous for eligible Toyota 86 owners.
• High A.M. Best Rating: With an A+ rating, The Hartford is financially stable, ensuring reliability for Toyota 86 policyholders. Discover insights in our guide titled, “The Hartford Insurance Review & Ratings.”
• Senior-Focused Discounts: Tailored discounts for seniors can offer additional savings for eligible Toyota 86 owners who are AARP members.

Cons

• Membership Requirement: Benefits are limited to AARP members, which excludes a significant number of Toyota 86 owners who are not part of this demographic.
• Higher Rates for Non-Members: Non-AARP members may face higher rates, potentially making The Hartford less attractive for younger Toyota 86 owners.

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#10 – Nationwide: Best for Vanishing Deductible

Pros

• Vanishing Deductible Benefit: Nationwide offers a vanishing deductible that decreases annually for safe driving, benefiting diligent Toyota 86 owners.
• Excellent Financial Health: An A+ rating from A.M. Best indicates strong financial stability, which is reassuring for Toyota 86 insurance policyholders. Access comprehensive insights in our Nationwide insurance review & ratings.
• Competitive Monthly Premiums: At $120, Nationwide’s premiums are competitive, especially considering the added benefit of the vanishing deductible for Toyota 86 owners.

Cons

• Deductible Dependency: The benefit of the vanishing deductible is contingent on maintaining a claim-free record, which may not benefit all Toyota 86 owners.
• Higher Base Premiums: Despite the vanishing deductible, the initial premium rate is higher compared to some other options, which might be a concern for cost-sensitive Toyota 86 owners.

Toyota 86 Insurance Costs by Coverage Type

When choosing car insurance for your Toyota 86, it’s crucial to compare how monthly rates vary between minimum and full coverage across different providers. This comparison can help you determine the best fit based on your budget and coverage needs.

Toyota 86 Car Insurance Monthly Rates by Coverage Level & Provider

For the Toyota 86, monthly insurance rates for minimum coverage start as low as $80 with Farmers and can go up to $120 with Nationwide. When it comes to full coverage, the premiums range from $140 with Farmers to $200 with Nationwide, illustrating a significant difference based on the extent of coverage.

Progressive and State Farm offer competitive rates for both coverage levels, at $90 and $150, and $85 and $145, respectively. Access comprehensive insights into our guide titled, “How much is car insurance?“

This data highlights the variability in pricing among top insurers and underscores the importance of thorough comparison to align cost with coverage benefits for your Toyota 86.

Factors That Affect the Cost of Toyota 86 Car Insurance

When determining the cost of insuring a Toyota 86, insurance providers consider various factors. These factors can include your age, driving record, location, credit history, and the level of coverage you choose. Additionally, providers consider statistical data on the risk of accidents and theft associated with the Toyota 86 model. Let’s delve deeper into these factors to better understand their impact on insurance rates.

Your age plays a crucial role in determining your insurance premium. Statistically, younger drivers tend to have a higher risk of accidents, and as a result, they may face higher insurance rates compared to older and more experienced drivers. This is because insurance providers consider younger individuals to be less experienced and more prone to engaging in risky driving behaviors.

Moreover, your driving record holds significant weight when it comes to determining your insurance premium. If you have a history of traffic violations or accidents, insurance providers may view you as a higher-risk driver, resulting in elevated insurance rates.

On the other hand, if you have a clean driving record with no incidents, you may be able to secure lower insurance premiums. Access comprehensive insights in our review of “How does the insurance company determine my premium?“

The location where you reside is another factor that insurance companies consider. If you live in an area with high crime rates or a high number of accidents, your insurance rates may be higher compared to those residing in safer neighborhoods. This is because the probability of theft or accidents is higher in areas with more incidents, leading to increased financial risk for insurance providers.

Your credit history can also impact your Toyota 86 car insurance rates. Insurance providers may use credit-based insurance scores as a factor to assess your level of risk. Studies have shown that individuals with lower credit scores tend to file more claims. As a result, insurance companies may charge higher premiums to those with poor credit history based on the premise that they may be more likely to file claims in the future.

Lastly, the level of coverage you select for your Toyota 86 will directly affect the cost of your insurance. Comprehensive coverage, which includes protection against theft, vandalism, and other non-collision related incidents, will typically result in higher premiums compared to basic liability coverage. It’s important to assess your needs and evaluate the level of coverage that best suits your requirements and budget.

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Understanding the Insurance Rates for Toyota 86

Insurance rates for the Toyota 86 can vary significantly. It is vital to understand how insurance providers assess the risk associated with this particular model. As a sports car, the Toyota 86 is designed with speed and performance in mind. While this makes it an exhilarating vehicle to drive, it also increases the risk of accidents and potential damages (For more information, read our “Compare Car Insurance Quotes”).

Insurance companies take into account the car’s horsepower, value, safety features, and repair costs when determining the insurance rates. The Toyota 86’s sporty nature and performance capabilities may classify it as a high-risk vehicle to insure. Its value and repair costs can also influence insurance rates, as more expensive cars typically require higher coverage limits and additional financial protection.

Additionally, the Toyota 86 does come equipped with various safety features that can positively impact its insurability. These safety features may include advanced driver assistance systems, anti-lock brakes, airbags, and stability control. When obtaining insurance quotes, it’s essential to highlight these features to potential insurance providers, as they may offer discounts for having additional safety measures in place.

Comparing Insurance Quotes for Toyota 86

To find the best insurance rates for your Toyota 86, it’s crucial to compare quotes from multiple insurance providers. Each company has its own method of assessing risk and calculating premiums. By gathering quotes from various insurers, you’ll be able to identify the most competitive rates for the coverage level you seek.

When comparing insurance quotes, it’s important to ensure that you’re comparing equivalent coverage levels and deductibles. A lower premium may initially seem appealing, but it could also mean lower coverage limits or higher out-of-pocket expenses in the event of a claim. It’s crucial to strike a balance between affordability and sufficient coverage for your Toyota 86. Unlock details in our guide titled, “What is Affordable coverage?”

It’s also worth considering additional benefits and services that insurance companies may offer. Some insurers provide perks such as 24/7 roadside assistance, reimbursement for towing, or discounts for bundling multiple policies. These factors can add value to your insurance coverage and potentially offset a slightly higher premium.

Tips for Finding Affordable Car Insurance for Your Toyota 86

Finding affordable car insurance for your Toyota 86 doesn’t have to be an overwhelming task. Here are some tips to help you save money on your premiums:

1. Maintain a Clean Driving Record: By avoiding accidents and traffic violations, you can demonstrate to insurance providers that you are a responsible driver, potentially qualifying for lower rates.
2. Install Anti-Theft Devices: Equipping your Toyota 86 with security features such as an alarm system or GPS tracking can reduce the risk of theft, making it a less risky vehicle to insure.
3. Opt for a Higher Deductible: Choosing a higher deductible can significantly lower your insurance premiums. However, be aware that you will need to pay this amount out of pocket in the event of a claim.
4. Take Advantage of Discounts: Inquire with insurers about discounts they may offer. These can include safe driver discounts, multi-policy discounts, or discounts for completing defensive driving courses.
5. Compare Quotes Regularly: As your circumstances change, it’s important to revisit your insurance rates periodically. Obtaining quotes from various insurers every few years can help ensure you are getting the most competitive rates available.

Remember, finding affordable car insurance for your Toyota 86 requires time and research, but putting in the effort can lead to significant savings over time. To learn more, explore our comprehensive resource on “Insurance Quotes Online.”

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Exploring Discounts and Savings on Toyota 86 Car Insurance

As a Toyota 86 owner, exploring discounts and savings opportunities on your car insurance can help reduce your premium costs. Several insurance providers offer discounts that you may be eligible for, allowing you to save money without compromising coverage.

One common discount that is often available is the safe driver discount. If you have a clean driving record with no accidents or traffic violations, insurers may reward you with a reduced premium. This discount serves as an incentive for safe driving habits and can result in notable savings.

An additional way to potentially lower your Toyota 86 car insurance costs is by bundling your policies with the same insurance company. Insurers commonly offer discounts for bundling multiple policies, such as auto and homeowner’s insurance. Consolidating your insurance needs with a single provider can not only simplify your coverage management but also result in savings through multi-policy discounts.

Furthermore, some insurance companies offer discounts for completing defensive driving courses. These courses provide valuable knowledge and skills that can enhance your driving abilities, potentially reducing the risk of accidents. By completing an approved defensive driving course, you may be eligible for a discount on your Toyota 86 car insurance premiums.

It’s important to keep in mind that discount availability may vary depending on your insurer and location. When shopping for car insurance, be sure to inquire about any discounts that you may qualify for. By researching the available discounts and exploring different insurance providers, you can maximize your savings and find the most affordable car insurance for your Toyota 86.

Read more: Best Safe Driver Car Insurance Discounts

How Your Driving Record Impacts the Cost of Insuring a Toyota 86

Your driving record plays a crucial role in determining the cost of insuring your Toyota 86. Insurance companies consider your driving record as an indicator of risk. If you have a history of traffic violations or accidents, insurers may view you as a higher-risk driver, resulting in higher insurance rates.

On the other hand, if you have a clean driving record with no incidents, you may benefit from lower insurance premiums. Insurers generally reward safe drivers with lower rates as they are seen as less likely to be involved in accidents or file insurance claims. Access comprehensive insights into our guide titled “Defensive Driving Courses Can Lower Your Car Insurance Rates.”

To ensure you maintain a clean driving record, it’s essential to drive responsibly and follow all traffic laws. Avoiding speeding, reckless driving, and other violations can help you maintain good standing with your insurer and potentially reduce your insurance costs for your Toyota 86.

The Average Cost of Insuring a Toyota 86 Compared to Other Sports Cars

When considering the cost of insurance for your Toyota 86, it’s helpful to compare it to other sports cars. Sports cars are generally more expensive to insure due to their higher risk profiles and performance capabilities.

While insurance rates can vary depending on various factors, including your location and driving record, it’s essential to understand the general trends in insurance costs for sports cars. Delve into our evaluation of “What are some ways to lower my car insurance premiums?”

Compared to other sports cars in a similar price range and performance category, the Toyota 86 tends to have more affordable insurance rates. This is partly due to Toyota’s reputation for reliability, relatively low repair costs, and the vehicle’s available safety features.

However, it’s important to note that individual insurance quotes can vary significantly depending on several factors, including your specific circumstances and the insurance provider you select. To obtain an accurate estimate of the insurance cost for your Toyota 86, it’s best to request quotes from multiple insurers.

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Factors to Consider When Purchasing Car Insurance for Your Toyota 86

When purchasing car insurance for your Toyota 86, there are several factors you should consider to ensure you make an informed decision. These factors can help you determine the appropriate coverage and select an insurance provider that meets your needs:

1. Coverage Options: Evaluate the available coverage options to determine the level of protection you require for your Toyota 86. This may include liability coverage, comprehensive coverage, collision coverage, and uninsured/underinsured motorist coverage.
2. Deductible Amount: Assess your financial situation and determine the deductible amount that aligns with your budget. A higher deductible can result in lower premiums, but be sure you can comfortably afford the deductible if you need to file a claim.
3. Insurance Provider Reputation: Research the reputation and financial stability of insurance providers you are considering. Look for companies with strong customer reviews and a track record of reliable claims handling.
4. Additional Benefits: Inquire about any additional benefits or services offered, such as roadside assistance or accident forgiveness. These perks can add value to your coverage and potentially save you money in the long run.
5. Customer Service: Consider the level of customer service provided by the insurance companies you are evaluating. Prompt and helpful customer service can significantly impact your experience in the event of a claim or policy inquiry.

By carefully considering these factors, you can make an informed decision when purchasing car insurance for your Toyota 86. It’s important to balance cost considerations with the level of coverage and service you require.

Learn more by reading our guide: What is the difference between a deductible and a premium in car insurance?

Strategies for Lowering Your Toyota 86 Insurance Premiums

If you’re looking to reduce your Toyota 86 insurance premiums, there are several strategies you can employ to potentially lower your costs:

1. Maintain a Clean Driving Record: As mentioned earlier, a clean driving record can result in lower insurance premiums. Avoid traffic violations and accidents to demonstrate your responsible driving habits to insurance providers.
2. Install Safety Features: Equipping your Toyota 86 with additional safety features can lower the risk associated with the vehicle and potentially lead to insurance discounts. Consider adding features such as advanced driver assistance systems, anti-lock brakes, or security alarms.
3. Increase Your Deductible: Opting for a higher deductible can lower your premiums. However, be sure you can afford the amount you select, as you will need to pay this deductible out of pocket in the event of a claim.
4. Evaluate Your Coverage Needs: Regularly assess your coverage needs to determine if any adjustments are necessary. If your Toyota 86 is older and has depreciated in value, you may consider reducing comprehensive or collision coverage to save on premiums.
5. Take Advantage of Discounts: Many insurance companies offer various discounts, such as safe driver discounts, multi-policy discounts, or discounts for completing defensive driving courses. Be proactive in exploring these discounts with your insurer to potentially lower your premiums.

While these strategies can help reduce your Toyota 86 insurance premiums, it’s essential to consult with your insurance provider to ensure you’re making appropriate coverage decisions for your specific circumstances. Access comprehensive insights into our guide titled “How to Get Free Insurance Quotes Online.”

Protect your vehicle from whatever the road throws at it by entering your ZIP code into our free comparison tool below to see affordable car insurance quotes.

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