Toyota 86 Insurance Costs: Learn How to Get the Best Rate

The Toyota 86 is lowers the barrier of entry for car enthusiasts who want to enter the world of performance driving. It is arguably the best platform for those who are new to sports cars because of how easy it is to drive.

Very few cars offer this sort of value. Sure, the Miata is its closest spiritual match and it’s more playful than the 86. But the 86 feels more serious and refined on mountain roads.

In a world full of heavy, complicated sports cars that cost a small fortune, the 86 is a breath of fresh air. It helps that insurance costs are reasonable too!

There’s a wide range of insurance policy options out there. For newer, younger drivers it can be challenging to figure out why it costs as much as it does to protect your car, let alone the many things you can do to reduce the price of your premium.

It is essential to keep yourself informed so that you are not stuck with an expensive or inappropriate insurance policy after already having spent so much on your car.

We’ve put together this guide to get you started on everything you need to know about Toyota 86 insurance costs. Let’s dive in.

Toyota 86 Insurance Group

On average, the Toyota 86 is one of the more expensive cars when it comes to insurance compared to other economy cars by Toyota, and rightfully so.

The Toyota 86 falls under insurance groups 34 or 35 depending on whether you buy an automatic or a manual. For the manual model, it falls under the insurance group 34. If you get the auto model, it will be in group 35.

Since there are thousands of cars in existence, each of them is associated with different kinds of risks. All cars are divided into 50 insurance groupings to make it easier for insurance companies to determine policy costs.

Group 1 includes cars with the lowest amount of risk, and group 50 includes vehicles with the highest risk. The Toyota 86 falls in the upper end of this spectrum and is in one of the relatively high-risk car insurance groups.

The average cost of Toyota 86 insurance is $1,580 a year, which is $32 above the average price to insure any vehicle. This cost goes towards providing liability coverage, comprehensive coverage and collision coverage.

If you haven’t bought your car yet, it’s worth knowing that this is $180 more per year than the cost of insurance for a Subaru BRZ — about as close as it gets to being an identical car.

What Determines Toyota 86 Insurance Costs?

Insurance companies factor in various driver-related and car-related factors when it comes to quoting insurance rates. Various personal factors determine how much of a risk the insurance company will see you as.

Age is a significant factor in car insurance costs. Middle-aged drivers can expect to get the best deal while prices go higher for teenagers and elderly persons.

Teenagers and young adults are seen as drivers with low experience, while elderly persons may have reduced capacities for driving vigilantly.

Your location will also determine your insurance costs as some areas may have higher instances of accidents.

TRD 86 special edition interior
Special editions like this TRD86 can also make coverage more expensive.

Your driving history will show the insurance company whether your driving habits are safe and reliable, as well as your record of making insurance claims.

The Toyota 86 has a higher average insurance cost compared to other Toyota models because it is a performance-oriented vehicle.

Driver’s Age

If you are being charged a high insurance rate due to your age, you can get a better deal by proving to your insurance company that you are a reliable driver.

You can take additional driving courses and show the certificates to your insurance company. You can also buy a second-hand model with a lower initial cost to help reduce the insurance premium.

Many insurance companies may offer you a reduced rate if you agree to have a monitor installed in your car to record your driving behavior.

Toyota 86 Insurance Rate for an 18-Year-Old

Age is one of the factors that insurance companies use to calculate the risk of providing you with insurance.

Irrespective of your personal experience, getting car insurance at an extremely young age is difficult because the insurance company will assume that you have less experience with driving.

Toyota 86 with young driver

You will be seen as being more prone to accidents and irresponsible behavior with your car. As a result, your insurance company will be at risk of having to pay for more significant damages.

The cost of Toyota 86 insurance for an 18-year-old will be significantly higher than a middle-aged person getting the same amount of insurance coverage with all other factors being constant.

The Toyota 86 insurance rate for an 18-year-old could be as high as $5,696 annually.

Toyota 86 Insurance for Drivers Under 25

The insurance cost for your vehicle will reduce as you go up the age range until you go above middle age when you will again be seen as a risk-prone driver.

The Toyota 86 insurance cost for people under 25 is still comparatively higher than for a middle-aged person but it is lower than insurance costs for a teenager. As a 25-year-old, you can expect to pay around $2,408 for your Toyota 86 insurance.

Other Deductibles

A simple and popular way of reducing your insurance costs is to increase the deductible in your policy. This refers to the amount of money you will have to pay when making an insurance claim. The company will only pay for costs above the deductible.

So, by agreeing to pay a higher sum of money when you finally make a claim, you can make a lot of savings annually. If you are someone who is not likely to make a lot of insurance claims, then this might be a good option for you.

Safety and Security Features

The quality and quantity of safety features that you have installed on your 86 is seen as an indicator of risk.

Take a quick glance at how well equipped the 86 is when it comes to safety:

  • Hill Start Assist Control: Keeps the car from rolling backward on an incline
  • Star Safety System: A combination of Vehicle Stability Control, Traction Control, ABS, Electronic Brake-Force Distribution, Brake Assist and Smart Stop Technology.
  • Airbags: You get 6 airbags — one each for the driver and front passenger, front seat-mounted side airbags, and side curtain airbags.
Toyota 86 braking system

Some of these features will vary based on what model year Toyota 86 you buy, and what trim level it is.

Having safety features like these can reduce the risk of accidents and injury — this can help you get a lower insurance rate.

Insurance Combos

If you are able to get multiple insurance policies from the same company, it might help you make significant savings. For instance, if there are various vehicles owned by the family, you can insure all of them under the same policy.

Otherwise, you can also combine your car insurance policy with other policies like your home insurance.

Modifications

The 86 is a popular tuner car, with a heap of cheap bolt-on mods to help make it unique to you. But like any car, aftermarket modifications can increase the cost to cover your car.

Whether these mods involve increasing engine power output for performance, upgrading suspension or braking components for improved handling, or even cosmetic changes like a rear wing or an aftermarket stereo, they can all have an impact.

Toyota 86 modifications can affect the cost of your insurance policy

It’s tempting to keep these quiet from your insurance company, but trust someone with some experience in being burned here; if you’re in an accident and they find out you haven’t declared the modifications, it could be used to try and void your policy so they don’t have to pay!

Bottom Line

The Toyota 86 has a relatively higher insurance cost compared to other models under the company. However, compared to other similarly specced sports cars, insurance for the Toyota 86 is fairly affordable. For instance, the Mitsubishi Evo X has a higher average insurance cost.

However, the various strategies listed above can help you reduce the cost of insurance no matter your age and help you get a great deal on your Toyota 86 insurance.

Toyota 86 vs Evo Insurance

The Mitsubishi Lancer Evolution, popularly known as the Evo is another pocket-friendly sports car that’s often compared to the 86 because it is similarly priced.

Toyota 86 vs Evo X

While the Toyota 86 falls in the insurance groupings 34 and 35, the Evo is at the much higher risk insurance group of 42.

Though many factors will determine what costs you have to pay to insure your vehicle, the average cost of insuring your Evo will be around $1,598 a year, which is about $20 more compared to the price of Toyota 86 insurance.

Final Thoughts

Regardless of which avatar you buy this car in, whether it’s a Subaru BRZ, a Scion FRS, or a Toyota 86, rest assured that you’ll be getting a track-ready car that’s fun to drive, and won’t burn a hole in your pocket.

Need an instant online insurance quote? Feel free to use our quote generator. Do you already own a Toyota 86? What was your experience with regards to getting it insured? Let us know in the comments below!

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