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

Quick Facts

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

• Liability car insurance for an Echo comes in at around $67 a month, while full coverage typically runs about $118 per month.

• Ohio Mutual is the lowest insurance company for an Echo with a national average of just $25 monthly for liability only coverage.

Echo Overview

The Toyota Echo is a great budget-friendly option for any driver, with a base price of just $10,455 for 2005 models. Even more exciting than being on the affordable end of the spectrum when it comes to overall price point, it's also a wise choice for your budget when thinking about your future auto insurance rates.

We crunched the numbers on thousands of car insurance quotes on Compare.com, and we've found that Toyota Echo insurance prices are around $79 a month, on average. How do auto insurance premiums for the Echo compare to prices of other similar cars?

How Much is Car Insurance for a Toyota Echo?

You'll see in the table above that Toyota Echo insurance rates are lower than average compared to other vehicles. On average, Echo owners will pay about $67 per month for liability insurance, and around $118 a month for full coverage, which has comprehensive and collision coverages in addition to liability (discover more about these different types of insurance with our guide "State Minimum vs. Full Coverage").

When you compare it to other Toyota models, the Echo is less expensive, with premiums more than 10% lower than the rest of the automaker's vehicle lineup. Similarly, coverage for the Echo is lower than average when compared to other vehicles of a similar body style, with both liability only and full coverage insurance averaging less expensive prices than other cars.

When compared to all vehicles, regardless of body style, model, or make, the Echo follows a similar pattern of having below average car insurance rates.

Who has the Cheapest Car Insurance for a Toyota Echo?

If you're searching for an auto insurance policy for a Toyota Echo, you're probably most interested in which carrier offers the lowest premiums. Even though costs will generally be pretty different from person to person, Ohio Mutual offers the most affordable average rates for liability only coverage, with rates as cheap as just $25 monthly. With car insurance sometimes as little as $28 per month, Safeway is the next cheapest auto insurance company.

Rounding out the list are Aspire, Acceptance, and Fiesta. However, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Insurance companies use multiple different variables and complex formulas to calculate premiums. By reviewing quotes from multiple car insurance carriers at once, you can rest easy knowing that you're finding the most affordable rate.

What Factors Affect Car Insurance Rates for a Toyota Echo?

There are a lot of variables that insurance companies take a look at to choose how much they charge you for a policy -- and each carrier uses a different algorithm, so there's not a single company that's the lowest for everyone.

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

Vehicle Age

The Toyota Echo has been around for a while, so vehicle age may play a big role in what you end up paying for insurance. Typically, older cars will be cheaper to insure because they're worth less than newer models, and as cars get older, insurance costs will gradually get lower.

A new Toyota Echo model hasn't been added to the market for over 5 years, so the Echo won't really fit this trend. However, as you can see in the table above, the cheapest Toyota Echos to insure are those that are 8 to 10 years old, while the most expensive models are Echos that are 15 years old or more, on average.

Your Age

Your age is another factor that makes a significant difference in how much you pay for car insurance. In the table above, you'll see that the youngest Echo drivers pay more expensive premiums compared to drivers with more experience. In this case, drivers under 18 pay more than twice as much as those 25 or older.

Auto insurance prices continue to go down as you get older, with the cheapest age group being 55-64 for Echo drivers.

Your Gender

You may not know, but insurance is usually more expensive for men than for women. This is because women are less likely to get into collisions and get speeding tickets, which lowers the chances of an insurance claim. For Echo drivers, that difference is around $3 monthly, with men paying an average of $66 and women looking at about $69.

Where You Live

You're probably already aware that factors like how old you are and what vehicle you drive play a role in your auto insurance prices, but did you know that where you live has just as much of an impact? Car insurance is regulated at the state level, so rates can differ quite a bit from state to state.

For example, the average Toyota Echo driver in New York pays around $73 a month for liability coverage, while on average, the same Californian owner will pay $18 less than that price. The chart shows average premiums for the top 10 most populous states, just to give you a good idea of how much rates can change between states.

Toyota Echo Car Insurance Discounts

Whatever your car, your home state, or your age, 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 different ones that you'll find with most carriers. These include things like:

• Multi-policy discounts for getting both your home and auto policies from the same insurance carrier
• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher than average safety ratings
• Pay-in-full discounts for choosing to pay your entire policy price up front, rather than by monthly payments
• Multi-vehicle discounts for having several cars on your auto policy

But these aren't the only discounts auto insurance companies offer to their customers. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like driving safely, avoiding lapses in coverage, and not having recent insurance claims.

Although you don't have control over every variable car insurance carriers consider to calculate premiums (like some of the ones mentioned above), there are quite a few you can control. Below are just a few of the ones you can use to your favor in order to save money on insurance:

Your Driving Record

You've almost certainly heard ads from auto insurance companies posting hefty savings for good drivers. It should be no surprise that if you get tickets or get into a collision, car insurance prices will get higher. But you still might be left wondering exactly how much these infractions will cost you.

You can tell from the table above that accidents will usually cost Echo drivers less than tickets, but both will result in a raise in rates. Toyota Echo drivers with a single ticket will pay about $87 per month, while drivers with one accident on their record pay an average of $84 a month (up $17 from the $67/mo. overall average). Those who have multiple kinds of either violation will end up paying even more.

How Much You Drive

The total distance you drive impacts your insurance rates. Those who are on the roads less have fewer opportunities to get into an accident, so they'll normally be offered lower prices. Based on the table above, you can see that Toyota Echo owners who drive 10,000 miles or more pay $68 for auto insurance, while those who drive fewer than 2,500 miles every year pay about $56 monthly.

If you don't drive much because have a second vehicle or you work from home, it may be worth considering usage-based or pay-per-mile car insurance. With these kinds of coverage, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

How Do Toyota Echos Compare to Other Vehicles?

If you're thinking about buying a Toyota Echo, you're probably wondering how it compares to other cars. Insurance is just one cost that's associated with a new car purchase, but it's certainly one that's worth thinking about carefully.

Review the table below to see how the Toyota Echo stacks up:

With an MSRP that's less than half of the going rate for a new vehicle, the Toyota Echo is a great value when it comes to price. While the average vehicle MSRP in the U.S. is $30,630, the Echo starts at just $10,455. A used Echo will be even cheaper, since there hasn't been a new model added to the market in the last few years.

In the same fashion, auto insurance premiums run below average when compared to other vehicles on the market. Liability insurance for a Toyota Echo is about $23 per month less than average, while full coverage is more than $50 cheaper a month.

When it comes to usage, Toyota Echo owners drive about the same amount annually as the national average, with 10,681 miles each year compared to 11,660 for all vehicles.

Toyota Echo Car Insurance Costs by Model Year

You've seen how different variables can affect how much you might pay for insurance. But if you're in thinking about buying a new car, truck, or SUV and the Echo is on your wishlist, having a good idea of exactly how much you'll pay is extremely valuable as you weigh your choices.

So we've decided to break down Toyota Echo car insurance prices by model year. Choose a specific Echo model year in the dropdown below and see average rates for both full coverage and liability only insurance, as well as some other helpful info, such as the base MSRP, who offers the cheapest policies, which trim levels are offered for each year the Echo has been around.

2005 Toyota Echo Car Insurance

It costs around $58 per month for liability or $113 for a full coverage policy for the 2005 Toyota Echo.

If you're looking for the most affordable 2005 Toyota Echo insurance policy, Dairyland offered the most affordable policy we found, with rates as low as just $22 monthly.

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

2004 Toyota Echo Car Insurance

2004 Echo drivers can expect to pay an average of $62 a month for liability or $98 for full coverage.

Looking for the lowest policy? StateAuto offered liability only coverage for as little as just $23 per month.

These average rates are a great starting point if you're in the market for a 2004 Toyota Echo, but there are a wide array of things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

2003 Toyota Echo Car Insurance

The average cost to insure a 2003 Toyota Echo with liability only coverage is $64 a month, while full coverage runs about $120 per month.

Mercury has premiums as low as $17 monthly for the 2003 Toyota Echo.

Interested in what your insurance rate could look like? Just enter your ZIP code below to get multiple free personalized quotes.

2002 Toyota Echo Car Insurance

On average, drivers who own a 2002 Echo can expect to pay $69 to $120 a month for liability only and full coverage auto insurance, respectively.

With prices sometimes as low as $18 monthly, Kemper offered the cheapest policy we found.

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.

2001 Toyota Echo Car Insurance

You can expect full coverage for a 2001 Toyota Echo to run around $126 per month, while liability only coverage will average about $71 monthly.

Commonwealth Casualty offered the most affordable policy we found, with rates as cheap as $18 a month.

If you want to know exactly how much you can expect to pay for your Echo, get free quotes in minutes by just entering your ZIP code below.

2000 Toyota Echo Car Insurance

2000 Echo drivers can expect to pay an average of $67 per month for liability or $106 for full coverage.

With rates as little as $16 monthly, Commonwealth Casualty offered the lowest policy we found for the 2000 Toyota Echo.

Want to know exactly what your car insurance price will be? Get a variety of free customized quotes by just entering your ZIP code below.

Toyota Echo Insurance FAQs

Is a Toyota Echo expensive to insure?

The Toyota Echo is relatively cheap to insure compared to the average vehicle. Liability insurance runs an average of $67 a month, while full coverage will cost you around $118.

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

There's only one way to make sure you're getting the cheapest rates -- checking prices regularly and comparing quotes from an array of carriers. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a bunch of companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Toyota Echo affect my insurance prices?

You've probably heard the old adage that red cars cost more to insure, but that's actually not true. While there are lots of factors insurance carriers use when they decide how much your policy will be, your Toyota Echo's color is not factored into that equation.

Do I need to have insurance before I buy a Toyota Echo?

Before you can legally drive your new (or new to you) vehicle off the dealership lot, you'll need to have a valid auto insurance policy. Some dealerships may offer you an insurance policy as part of the car-buying process, but it's best to let your car insurance company know ahead of time.

What car insurance discounts can I get for my Toyota Echo?

There are tons of discounts out there for insurance. Many of them (like "safe driver discounts" and "multi-policy discounts") are more based on you than the Echo you drive, but if your Echo has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may qualify for certain discounts. The only way to know is to get in touch with your insurance carrier and ask about their discounts.