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

Quick Facts

• It costs about the same to insure a Toyota Scion IM as the average car.

• Liability only insurance premiums for a Scion IM run around $77 per month, while full coverage typically comes in at about $174.

• CSAA provides the lowest average premiums for a Scion IM with liability only coverage offered for as cheap as $29 monthly.

Scion IM Overview

The Toyota Scion IM is a great car for drivers on a budget, with 2016 models starting at $18,460.

We analyzed thousands of auto insurance quotes on Compare.com, and we've determined that average Toyota Scion IM insurance prices run around $160 a month. But compared to other vehicles in the market, are Scion IM car insurance rates higher or lower than those of similar cars?

How Much is Car Insurance for a Toyota Scion IM?

Based on the table above, when you compare the Toyota Scion IM to other vehicles, insurance premiums are right about average. On average, Scion IM drivers can expect to pay around $174 monthly for full coverage, which has comprehensive and collision coverages in addition to liability, and about $77 per month for liability only insurance (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about these different types of insurance).

Comparing it to other models, the Scion IM is slightly more expensive, with rates about 7% higher than Toyota's other vehicle offerings. Compared to offerings from other brands, insurance for a Scion IM is also more affordable, with full coverage insurance prices coming in around 2% less and 7% less for liability only insurance.

Compared to all vehicles of any body type, car insurance rates for both full coverage and liability only policies run less expensive than average.

Who has the Cheapest Car Insurance for a Toyota Scion IM?

Are you searching for a car insurance policy for your Toyota Scion IM? You most likely want to know which carrier offers the most affordable prices. Even though premiums can differ pretty dramatically depending on your driver profile, the cheapest average rates for liability only insurance are sometimes as little as $27 monthly from Foremost. The runner up for most affordable rates is CSAA, with auto insurance policies starting sometimes as low as $29 per month.

Gainsco, FirstChicago, and Pronto round out the rest of the top 5 list. However, just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Toyota Scion IM.

Insurance carriers use a range of different things and complex formulas to calculate premiums. The only way to guarantee you'll find the lowest rates is to compare quotes from a variety of insurance companies.

What Factors Affect Car Insurance Rates for a Toyota Scion IM?

There are numerous variables that car insurance carriers use to choose how much to charge you for a policy -- and every company weighs different pieces more heavily than others, so there's not a singular carrier that's the most affordable for each Scion IM owner.

The sections below show an array of factors auto insurance companies use to determine rates:

Vehicle Age

The Toyota Scion IM has been around for a few years -- that means vehicle age will likely play a role in your insurance price. Normally, it costs less to insure older cars because they're worth less than newer models, and as time goes on and Scion IMs continue to depreciate, insurance costs will gradually decrease.

From the table above, you can see the Toyota Scion IM is an outlier, as the cheapest models to insure are those that are 1 year old or less, while the most expensive models are 2 to 3 years old, on average.

Your Age

How old you are plays a big role in how much car insurance carriers will charge you. In the table above, you'll see that drivers who have more experience on the road have lower prices compared to drivers under 24. Toyota Scion IM drivers between 18 and 24 actually pay $44 more than those 25 or older.

Car insurance prices continue to go lower as you get older, with the cheapest age group for Scion IM drivers being 65 years and older.

Your Gender

Because women are less likely to get tickets and get into collisions, they have a lower chance of filing a claim with insurance. So, women normally pay less for auto insurance than men. The Toyota Scion IM sticks to the norm, where women pay about $76 a month for insurance and men pay around $78.

Where You Live

You might think it's common sense that variables such as how old you are and what vehicle you drive play a role in your car insurance rates, but did you know that where you live matters, too? Since auto insurance is regulated at the state level, premiums can fluctuate quite a bit depending on which state you're located in.

For example, the average Toyota Scion IM driver from New York pays about $60 monthly for liability coverage. Meanwhile, the same owner from California will pay $8 less than that price, on average.

Toyota Scion IM Car Insurance Discounts

No matter your car, your home state, or your age, using as many discounts as possible when it comes to your car insurance policy is always a good idea.

Even though all insurance companies offer their own unique discounts, there are a few that you'll find with most insurers. These include discounts like:

• Pay-in-full discounts for choosing to pay your entire policy premium at once, rather than by monthly payments
• Multi-policy discounts for using the same insurance company for both your home and car insurance
• Multi-vehicle discounts for adding more than one car to your auto policy
• Defensive driving discounts for drivers who take 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 auto insurance, sometimes, the best way to get great rates is to work on your overall insurance profile.

Of course, you can't control every single aspect of your car insurance profile (like some of the variables we mentioned above), but there is quite a bit that you can control. Below are just a few of the factors you can use to your favor when it comes to saving cash:

Your Driving Record

You've no doubt heard ads from auto insurance carriers promoting hefty savings for safe drivers. It shouldn't come as a surprise that if you get cited for speeding or get into an accident, insurance prices will go up. But you still might be left wondering exactly how much these infractions will cost you.

Based on the table above, accidents will usually cost Scion IM drivers less than tickets, but both will result in a raise in rates. Toyota Scion IM drivers with one accident on their record pay an average of $107 every month (up $30 from the $77/mo. overall average), while drivers with a single ticket will pay about $196 per month. The rates only increase the more accidents you have or tickets you get.

How Much You Drive

The amount of miles you drive plays a role when it comes to your auto insurance rates. Drivers who are on the roads less often have fewer opportunities to get into an accident, so they'll generally be offered cheaper premiums. Based on the table above, you can see that Toyota Scion IM owners who drive between 5,000 and 7,500 miles each year pay an average of $54 a month for car insurance, while those who put less than 2,500 miles on their cars pay $94.

But if you work from home or drive less often than the average driver, you might consider learning about usage-based or pay-per-mile insurance policies. With these kinds of coverage, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

How Do Toyota Scion IMs Compare to Other Vehicles?

If you're considering buying a new vehicle and a Toyota Scion IM is on your shortlist, it might be helpful to do your due diligence. Auto insurance is just one cost that's associated with buying a new car, but it's certainly one that's worth considering.

Check out the table below to see how the Toyota Scion IM compares:

With an MSRP that's less than half of the going rate for a new vehicle, the Toyota Scion IM is a great value for any budget. While the average vehicle price in the U.S. is $41,076, the Scion IM retails at just $18,460.

Unlike the Scion IM's lower price, auto insurance prices are slightly higher when compared to the rest of the vehicle market. Full coverage insurance for a Toyota Scion IM is around $5 per month more than average, while liability only coverage is $4 cheaper monthly.

When it comes to usage, Toyota Scion IM drivers are near the national average in annual miles driven, with 12,485 miles a year compared to 11,660 for all vehicles.

Toyota Scion IM Car Insurance Costs by Model Year

Thus far, you've seen how different things affect how much the average driver pays for car insurance. But if you're thinking about buying a new vehicle and the Scion IM is one you're considering, knowing what you can expect to pay can be extremely valuable as you weigh your options.

That's why we've crunched the numbers and broken down Toyota Scion IM insurance rates by model year. Choose a model year from the dropdown below to see average rates for both full coverage and liability only options, as well as some other helpful info, such as base price, cheapest insurance carrier, and even available trims for each year the Scion IM has been around.

2016 Toyota Scion IM Car Insurance

You can expect full coverage for a 2016 Scion IM to run about $174 per month, while liability only coverage will average around $77 a month.

Looking for the cheapest policy? Foremost offered liability only coverage for as little as just $27 monthly.

Interested in exactly how much you'll pay? Just enter your ZIP code below to get multiple personalized quotes for free.

Toyota Scion IM Insurance FAQs

Is a Toyota Scion IM expensive to insure?

Liability insurance runs an average of $77 per month, while full coverage will cost you around $174. When compared to the national average of all vehicles, the cost of auto insurance is about on par with the cost of insuring the average vehicle.

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

The only way to confirm you're getting the most affordable price on car insurance is to check prices regularly and compare quotes from a bunch of companies. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from lots of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Toyota Scion IM affect my insurance premiums?

Have you heard the old adage that red cars cost more to insure before? Well, that's just a myth. While there are a variety of variables insurance companies look at when they decide your auto insurance rate, your Scion IM's color is not used to make that determination.

Do I need to have insurance before I buy a Toyota Scion IM?

Before you can legally drive your new (or new to you) vehicle off the dealership lot, you'll need to have an insurance policy in place. Some dealerships will offer you one during the purchase process, but the easiest thing to do is to let your insurance company know before you buy.

What car insurance discounts can I get for my Toyota Scion IM?

There are a whole range of different discounts out there for car insurance. Many of them (like "multi-policy discounts" and "safe driver discounts") are based less on your car and more on you, but if your Scion IM has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may be eligible for certain discounts. To find out which discounts you might receive, get in touch with your insurance carrier and ask about their list of discounts, since they shift quite a bit from carrier to carrier.