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2002 Toyota Corolla Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Oct 12, 2017

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Average insurance rates for a 2002 Toyota Corolla are $906 a year with full coverage. Comprehensive insurance costs an estimated $132, collision costs $170, and liability coverage costs $446. Buying a liability-only policy costs as little as $500 a year, with high-risk insurance costing $1,948 or more. Teen drivers receive the highest rates at $3,728 a year or more.

Annual premium for full coverage: $906

Rate estimates for 2002 Toyota Corolla Insurance

Comprehensive $132
Collision $170
Liability $446

Rate data is compiled from all 50 U.S. states and averaged for all 2002 Toyota Corolla models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from as low as $500 for basic liability insurance to the much higher price of $1,948 for high-risk insurance.

Liability Only $500
Full Coverage $906
High Risk $1,948

View Chart as Image

2002 Toyota Corolla insurance rates compared
Column chart showing 2002 Toyota Corolla insurance prices range from $557 to $3,728 for full coverage

These differences demonstrate why everyone should compare rates for a targeted area and risk profile, rather than using price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2002 Toyota Corolla Insurance

Searching Companies

Want lower car insurance rates for your Toyota Corolla? Did you fall for a flashy sales pitch and buy overpriced car insurance? Believe me, many consumers feel financially strained by their car insurance policy.

Having so many different company options, it can be challenging to locate the most cost effective company.

Smart consumers take time to get comparison quotes once or twice a year because insurance rates are variable and change quite frequently. Just because you found the best deal for Corolla coverage a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the best methods to get good coverage at a lower rate.

Do you qualify for a discount?

Companies that sell car insurance do not advertise all their discounts in a way that’s easy to find, so here is a list some of the more common and the harder-to-find insurance coverage savings.

  • Safety Course Discount – Taking part in a defensive driving course could possibly earn you a 5% discount depending on where you live.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save 10% or more off your PIP or medical payments premium.
  • Passive Restraint Discount – Vehicles with factory air bags can receive discounts of 20% or more.
  • Sign Early and Save – Select companies give a discount for signing up before your current policy expires. It can save you around 10%.
  • E-sign – Certain companies give back up to $50 just for signing your application on their website.
  • Drivers Education – Have your child successfully complete driver’s ed class in school.
  • Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% for Corolla coverage with a few insurance coverage companies.
  • Homeowners Discount – Simply owning a home can help you save on insurance coverage because owning a home demonstrates responsibility.

It’s important to note that some of the credits will not apply to the entire cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, it just doesn’t work that way.

For a list of insurers with discount insurance coverage rates, click this link.

What coverages do I need?

When choosing proper insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that may help you determine whether your personal situation might need an agent’s assistance.

  • Do I pay less if my vehicle is kept in my garage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is my custom paint covered by insurance?
  • What is no-fault insurance?
  • Does my insurance cover my expensive audio equipment?
  • At what point should I drop full coverage?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Auto insurance coverages 101

Knowing the specifics of your auto insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a bird, damage from flooding, theft, rock chips in glass and fire damage. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like rehabilitation expenses, pain medications, hospital visits, nursing services and dental work. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Auto liability

This will cover damages or injuries you inflict on people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as medical services, emergency aid and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Auto collision coverage

Collision insurance covers damage to your Corolla resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a ditch, colliding with another moving vehicle and backing into a parked car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your 2002 Toyota Corolla.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Shop. Compare. Save.

As you restructure your insurance plan, never reduce needed coverages to save money. There are a lot of situations where an insured dropped comprehensive coverage or liability limits and found out when filing a claim they didn’t have enough coverage. Your goal should be to buy the best coverage you can find at an affordable rate.

Cheaper 2002 Toyota Corolla insurance can be bought on the web and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who do not offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

Additional insurance coverage information can be found at the links below

Rates by U.S. City

2002 Toyota Corolla Insurance Rates by City
City Premium
New York City, NY $1,434
Los Angeles, CA $1,551
Philadelphia, PA $1,212
Jacksonville, FL $1,315
Phoenix, AZ $1,053
Chicago, IL $1,213
Houston, TX $1,420
Seattle, WA $885
Columbus, OH $757
Indianapolis, IN $768

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2002 Toyota Corolla Insurance Rates by Driver Age
Driver Age Premium
16 $3,728
20 $2,078
30 $916
40 $906
50 $834
60 $816

Full coverage, $500 deductibles

Rates by Deductible

2002 Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,036
$250 $978
$500 $906
$1,000 $836

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $906
50/100 $995
100/300 $1,107
250/500 $1,397
100 CSL $1,040
300 CSL $1,285
500 CSL $1,464

Full coverage, driver age 40

Rates for High Risk Drivers

2002 Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $5,230
20 $3,310
30 $1,958
40 $1,948
50 $1,866
60 $1,848

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $120

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $45
Multi-vehicle $49
Homeowner $16
5-yr Accident Free $53
5-yr Claim Free $56
Paid in Full/EFT $31
Advance Quote $39
Online Quote $60
Total Discounts $349
Rate after discounts $557

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2002 Toyota Corolla Insurance Rates by State
State Premium
Alabama $820
Alaska $694
Arizona $752
Arkansas $906
California $1,034
Colorado $866
Connecticut $932
Delaware $1,026
Florida $1,134
Georgia $838
Hawaii $650
Idaho $612
Illinois $674
Indiana $680
Iowa $610
Kansas $862
Kentucky $1,238
Louisiana $1,342
Maine $558
Maryland $746
Massachusetts $726
Michigan $1,576
Minnesota $758
Mississippi $1,088
Missouri $804
Montana $974
Nebraska $716
Nevada $1,088
New Hampshire $652
New Jersey $1,014
New Mexico $802
New York $956
North Carolina $524
North Dakota $744
Ohio $626
Oklahoma $930
Oregon $830
Pennsylvania $866
Rhode Island $1,210
South Carolina $820
South Dakota $764
Tennessee $792
Texas $1,092
Utah $672
Vermont $622
Virginia $542
Washington $702
West Virginia $830
Wisconsin $628
Wyoming $808

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