Toyota Mirai car insurance rates depend on several variables, including your location, driving history and coverages selected.
Toyota extended warranty plans can be found both through major dealerships and third-party warranty providers, with third-party providers often offering more affordable options as well as wider shop network availability.
Basic Coverage
The Toyota Mirai is an affordable plug-in electric car offering three years or 15,000 miles of free fuel, capable of traveling up to 310 miles on one charge with an impressive EPA rating of 395 mpg. Equipped with numerous safety features such as lane departure warning and brake assist as well as a 12.3" touchscreen infotainment system featuring Wi-Fi hotspot, SiriusXM satellite radio, and in-dash navigation; it is an attractive alternative option for drivers seeking to reduce their carbon footprint. The Toyota Mirai has become popular among drivers seeking to reduce their carbon footprint
The cost of insurance for your Toyota Mirai depends on numerous factors, including your driving record and location. Your choice of coverage will also have an effect - comprehensive plans cover damages to both your own car as well as others and medical bills or lost wages; however, such plans tend to cost more than liability-only policies.
To find the best rates for Toyota Mirai car insurance, it's a good idea to compare quotes from multiple providers. An efficient way of doing so is online comparison tools which allow users to obtain quotes from multiple providers at once. Furthermore, local agencies may provide more attractive deals than larger insurers.
An extended warranty from Toyota Mirai can provide your car with valuable protection against expensive repairs. Your decision on whether to purchase one depends on a number of factors, including its age and mileage - cars with higher insurance premiums tend to have older engines or have been involved in an accident, making their coverage more costly than average.
Consider also your credit score and location - drivers with higher credit scores tend to have lower car insurance premiums, and those who live in cities with more traffic congestion tend to incur higher car insurance rates than those living in rural areas. It is important to remember, though, that these estimates only provide estimates - actual insurance quotes will depend on your unique circumstance.
Comprehensive Coverage
Unlike electric cars that take hours to charge, the Toyota Mirai can be driven for miles on just minutes of hydrogen fuel stored in its pressurized tank in the trunk - taking up about the same space as an extra seat or storage bin. Driving the Toyota Mirai feels similar to driving any regular car but acceleration may be slightly slower; additionally, only areas near existing or planned fueling stations along the coasts offer this model for sale.
Toyota Mirai insurance costs average approximately $2,190 annually with full coverage. This includes liability and medical coverage as well as comprehensive and collision. Drivers should consider purchasing gap coverage to cover any difference between its actual cash value and what you still owe; gap insurance is particularly recommended when leasing or loaning out your vehicle as it helps defray associated costs.
Drivers should also consider adding an extended warranty to their Mirai. Toyota provides the Platinum Protection Plan which extends manufacturer warranties up to eight years - this plan may cost more, but could save drivers money on costly repairs and maintenance expenses. Before purchasing one of these plans it's wise to carefully assess both its benefits as well as additional expenses such as premiums or deductibles that may accrue.
Comprehensive car insurance policies often come with coverage limits that set the maximum amount your insurer will cover for approved claims. Deductible options may range from $0 to $500; your selection will affect how much money is due when filing an insurance claim out-of-pocket. High risk drivers may require higher deductibles to mitigate claims risk.
Drivers should consider additional supplemental coverage options like roadside assistance and rental reimbursement to protect themselves in case of an unanticipated breakdown or accident. Your insurance provider may offer these as optional add-ons to their main policy or as standalone policies.
Collision Coverage
The Toyota Mirai stands out as an unconventional electric vehicle (EV) due to its hydrogen fuel cell powertrain. It can drive long distances before needing to be refueled; though not as quick as other EV models that use charging stations, its refined ride and lively handling make up for any shortcomings in speed.
The 2023 Mirai is available in two trim levels: the XLE and Limited. Both models feature leather seating, 12.3-inch infotainment screen with navigation, wireless Android Auto/Apple CarPlay compatibility, 14 speaker premium audio system with JBL speakers as standard features. Additional standard features include heated and power adjustable seats with keyless entry/ignition, backup camera as well as complimentary hydrogen fuel of $15,000 over three years for lease agreements and six years on purchases of new Mirais from Toyota.
On average, insuring a Toyota Mirai with full coverage costs an estimated annual premium of $2,190 - this rate is significantly more than its class median of $1,730 but may differ depending on individual drivers or insurance providers.
Your age, driving history and location all play a factor when calculating car insurance premiums. States with lower rates than others could save money; choosing an area without traffic accidents could reduce costs further still.
No matter the type of coverage you choose, a higher deductible can reduce your premiums significantly. This means you will need to cover some repairs out-of-pocket before your car insurance begins covering them; choosing a lower deductible typically leads to higher monthly payments.
If you're considering purchasing a Toyota Mirai, make sure you get quotes from multiple providers in order to find the most cost-effective deal and obtain appropriate coverage for your needs. An online quote tool such as The Zebra can make this task quick and painless; just plug in your information and start comparing rates immediately!
The Platinum Protection Plan
Toyota car insurance rates can differ widely depending on factors like model selection, driver risk profile, coverage options and deductibles. When shopping for Toyota Mirai coverage it's wise to compare quotes from multiple providers at once; The Zebra's free comparison tool lets you do just that quickly by letting you access quotes from over 100 insurers simultaneously.
Full coverage policies for 2023 Toyota Mirais typically cost an average of $2,190 annually or approximately $183 monthly in premiums alone. This coverage includes liability, comprehensive and collision coverage along with a $500 physical damage deductible and 30/60 split on liability limits. Prices can differ based on driver age as younger drivers tend to be considered more risky on the roads; cities also tend to experience more accidents on roadways than smaller towns and villages.
Addition of the Toyota Mirai Platinum Protection Plan can extend coverage while decreasing insurance premiums. This package adds extra safeguards, including coverage for repairs done by non-certified mechanics and extended warranty programs; in addition, reimbursements for rental car costs when traveling out-of-town; reimbursements for meals and lodging when 150 miles or further away are also offered.
When leasing or financing a Toyota Mirai, it's advisable to also look into GAP insurance as an additional measure. GAP covers any gaps between primary insurance payouts and what remains due if your car is declared total loss - something particularly helpful given that leasing/financing it may be more costly than insuring another small car model.
MoneyGeek studied nine Toyota models and found the Sienna to be the least costly to insure with average annual premiums of only $1,126 per year; on the other end was the 86 which often attracts younger and riskier drivers who engage in unsafe driving behavior, leading to higher premiums.