These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).
Average Toyota MR2 insurance cost
To provide you with an idea of how much it may cost you to insure your Toyota MR2, we ran several quotes to find an average figure. Based on our results, on average, you could insure your Toyota MR2 with a comprehensive policy for the monthly price of £60.96, or an annual sum of £672.
We generated these quotes using the following assumptions about the vehicle and the driver.The vehicle is/has:
Manual transmission
Petrol
Factory fitted alarm system
Not modified
Used for social, domestic and commuting purposes
10,000 mileage per year
Parked in a work car park during the day
Parked on a driveway at night
The driver is/has:
A 30-year-old, single teacher from London
A homeowner
Five years no-claims discount
No driving or other convictions in the last 5 years
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The table above shows the average cost of Toyota MR2 insurance based on insurance groups and driver age. However, there are a number of other factors that affect the cost of your car insurance premiums, and one of the biggest is where you are in the UK. Where you live helps determine the level of risk that your car may be stolen or that you'll be involved in an accident, and this affects the cost of insurance.
To show the power of the postcode, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Toyota MR2 MR2 Roadster 1.8 VVT-i 2000.
Expensive: £2,154 (London SE1)
Average: £896 (Newcastle NE1)
Cheap: £563.16 (Galashiels TD1)
What other factors affect my Toyota MR2 insurance rate?
We've covered insurance groups, age and location. Here are some of the other factors that affect your insurance premium costs:
When searching for insurance, you'll want to find the best deal for a price that's within your budget. We've uncovered some tricks you can try to lower the cost of your premium, and we've listed them below.
Limit your car usage (where possible). Occasionally deciding to walk or get public transport, rather than using your car, can help to save on your premiums.
Pay annually rather than monthly. Whilst it might be scary to part with a large sum of money in one go, if you're able to pay annually you can save an average of £59.52 a year.
Install extra safety precautions. The safer your car is, the less of a risk it will be for companies to insure. By adding extra safety measures, you're quite likely to lower your premium.
Clear out the garage! If you have a garage – clear it out and park your car there. Parking your car in a garage reduces your risk to insurers and therefore reduces your premiums too.
Consider any named drivers. Only name drivers on the insurance policy that regularly drive the vehicle, you can easily add on others at a later date or get them temporary cover.
Don't just accept your renewal quote. When it's time for renewal, it's worth investing a couple of hours to shop around: there may be cheaper options out there.
Bottom line
There's no getting around it: a Toyota MR2 is going to cost you more to buy, run and insure than many other cars of a similar size and spec. If that's the range you have your heart set on, be sure to compare car insurance (and car finance, if applicable) before you buy, so you don't pay any more than you have to.
Frequently asked questions
The Toyota MR2 has 2 doors.
The Toyota MR2 runs on petrol.
Depending on the model version, Toyota MR2 cars can reach top speeds between 125mph and 137mph.
The Toyota MR2 has a power output ranging from 138 to 218 horsepower.
The Toyota MR2 is available as a two-seater sports car."]
The UK standard car tax rate for cars registered after April 2017 is £195 per year. However, you might pay more or less in year 1 depending on your car's emissions.
You can buy an Toyota MR2 online or by visiting your local retailer. There is also a range of used Toyota MR2s available to buy through various motor resellers and websites such as AutoTrader or Motors.
Connor is a senior associate publisher at Finder, specialising in insurance and investing. He's been sourcing and analysing data in both subjects for around 4 years, supporting Finder's publishing team. Connor holds a BSc in Accounting and Finance from the University of Sussex and when he's not at work, you can find him at his local gym keeping fit. See full bio
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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