Insurance requirements vary based on state. Also, our requirements may differ from those required by state law, so it is your responsibility to ensure you comply with both. Our minimum requirements for leased or financed vehicles can be found in your Lease Agreement or your Retail Installment Contract, respectively. 

If your vehicle is financed through Toyota Financial Services (TFS): TFS requires you to maintain physical damage coverage for the full value of your vehicle. There are no deductible limitations imposed by TFS. Toyota Motor Credit Corporation (TMCC) must be listed as lienholder. State law may require minimum liability coverage, so check with your local DMV for requirements – in addition to TFS requirements – specific to where you live. 

If your vehicle is leased through TFS: Per the terms of the Lease Agreement, you are required to maintain physical damage insurance for the full value of the vehicle. The maximum allowable deductible is $1,000. You are also required to have liability insurance with minimum liability limits in accordance with state law. Requirements may vary by location, so check with your local DMV for information pertaining to the address where your vehicle is registered and/or kept.