1. Vehicles
  2. Toyota
  3. Corolla
  4. 2003 Model Year

2003 Toyota Corolla Insurance Rates

Average insurance rates for a 2003 Toyota Corolla are $966 a year including full coverage. Comprehensive insurance costs on average $148, collision costs $192, and liability insurance costs around $468. Buying a liability-only policy costs as low as $518 a year, with high-risk insurance costing $2,082 or more. Teen drivers receive the highest rates at $3,942 a year or more.

Annual premium for full coverage: $966

Rate estimates for 2003 Toyota Corolla Insurance

Comprehensive $148
Collision $192
Liability $468

Rate data is compiled from all 50 U.S. states and averaged for all 2003 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 middle-aged driver, prices range go from as low as $518 for a discount liability-only rate to a much higher rate of $2,082 for a high risk driver.

Liability Only $518
Full Coverage $966
High Risk $2,082

View Chart as Image

2003 Toyota Corolla insurance rates compared
Column chart showing 2003 Toyota Corolla insurance prices range from $591 to $3,942 for full coverage

These differences highlight why anyone shopping for car insurance should compare prices based on a specific location and risk profile, rather than relying on 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.

Companies will appear below. Click here to view full page.

Recommended Companies for Cheap 2003 Toyota Corolla Insurance

Searching Companies

Tired of not being able to afford to pay your car insurance bill each month? You are no different than many other consumers.

Consumers have many insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, lots of choices makes it harder to find the best rates.

Finding affordable coverage is quite easy. In a nutshell, every vehicle owner who carries insurance coverage will more than likely be able to find lower rates. Although vehicle owners must know how insurance companies market insurance on the web because it can help you find the best coverage.

Quick Auto Insurance Quotes

Comparing auto insurance rates can take hours if you don’t understand the most efficient way to do it. You can spend your afternoon talking to local insurance agents in your area, or you can utilize the web for quick rates.

Recommended Companies for the Best Insurance Rates

Searching Companies

Most car insurance companies take part in a program where prospective buyers send in one quote, and at least one company returns a competitive quote based on that data. This eliminates the need for repetitive form submissions to each individual auto insurance company.

To compare 2003 Toyota Corolla rates now click here (opens in new window).

The only drawback to using this type of system is you are unable to specify which providers you want pricing from. So if you prefer to choose specific insurance companies for rate comparison, we have a page of companies who write auto insurance in your area. Click here to view list.

Which method you use is up to you, but make darn sure you compare exactly the same coverage limits for each comparison quote. If each company quotes unequal deductibles or liability limits it’s impossible to decipher which rate is best. Just a small difference in limits can make a big difference in price. Keep in mind that comparing a large number of companies will enable you to find the best rates.

Do you really save 40% when you switch?

State Farm, GEICO and Progressive constantly bombard you with ads on TV and radio. All the companies have a common claim that you’ll save big if you switch your coverage to them. How can each company claim to save you money?

Insurance companies have a certain “appetite” for the driver they prefer to insure. For instance, a profitable customer might be profiled as between 30 and 50, has no driving citations, and drives newer vehicles. Any driver who meets those qualifications receives the best rates and most likely will save when they switch companies.

Drivers who don’t meet the requirements must pay a more expensive rate which usually ends up with the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everybody who quotes” save that much. That’s the way companies can truthfully make the claims of big savings. This illustrates why it is so important to get as many comparisons as possible. Because you never know which insurance companies will give you the biggest savings on Toyota Corolla insurance.

Save big with these nine discounts

Car insurance companies don’t list all available discounts very well, so we researched both well-publicized as well as the least known savings tricks you should be using.

  • Good Students Pay Less – Getting good grades can save 20 to 25%. The good student discount can last well after school through age 25.
  • 55 and Retired – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums for Corolla coverage.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks with the same company may reduce the rate for each vehicle.
  • Organization Discounts – Participating in certain professional organizations could qualify you for a break when shopping for auto insurance for Corolla coverage.
  • Homeowners Discount – Owning a home may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
  • Paperwork-free – A handful of insurance companies may give you up to $50 simply for signing online.
  • Early Signing – Some insurance companies reward drivers for switching to them prior to your current policy expiring. This can save 10% or more.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and earn discounts up to 10%.

A little note about advertised discounts, most discount credits are not given the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, companies don’t profit that way.

Companies that may have these discounts are:

Before buying, ask each insurance company which discounts you may be entitled to. Some discounts may not apply everywhere.

But I don’t know anything about car insurance

When it comes to choosing the best auto insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can aid in determining if your situation would benefit from professional advice.

  • Is other people’s property covered if stolen from my vehicle?
  • Am I covered if I drive in a foreign country?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I need to file an SR-22 for a DUI in my state?
  • Exactly who is provided coverage by my policy?
  • Should I bundle my homeowners policy with my auto?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Parts of your insurance policy

Understanding the coverages of a insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages available from insurance companies.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as colliding with a tree, scraping a guard rail, damaging your car on a curb and rolling your car. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for EMT expenses, prosthetic devices, funeral costs and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Liability auto insurance

This coverage will cover damage that occurs to other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged property.

Liability can pay for things like bail bonds, attorney fees, repair costs for stationary objects, medical expenses and funeral expenses. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, damage from getting keyed, hitting a deer, rock chips in glass and a broken windshield. The most a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Toyota Corolla.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Save your cold hard cash

As you shop your coverage around, don’t be tempted to skimp on coverage in order to save money. In many cases, an accident victim reduced liability limits or collision coverage and discovered at claim time they didn’t purchase enough coverage. Your aim should be to buy a smart amount of coverage at the best price while still protecting your assets.

Cost effective 2003 Toyota Corolla insurance can be purchased online and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

More information is located below:

Find the Cheapest Quotes in Your Area

Get multiple rate quotes instantly and find your cheapest rate

Rates by U.S. City

2003 Toyota Corolla Insurance Rates by City
CityPremium
New York City, NY$1,530
Los Angeles, CA$1,650
Philadelphia, PA$1,294
Jacksonville, FL$1,404
Phoenix, AZ$1,123
Chicago, IL$1,300
Houston, TX$1,516
Seattle, WA$942
Columbus, OH$808
Indianapolis, IN$823

Find companies with the cheapest rates in your area

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2003 Toyota Corolla Insurance Rates by Driver Age
Driver AgePremium
16$3,942
20$2,214
30$980
40$966
50$888
60$870

Full coverage, $500 deductibles

Rates by Deductible

2003 Toyota Corolla Insurance Rates with Different Deductibles
DeductiblePremium
$100$1,112
$250$1,046
$500$966
$1,000$888

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability LimitPremium
30/60$966
50/100$1,060
100/300$1,177
250/500$1,481
100 CSL$1,106
300 CSL$1,364
500 CSL$1,551

Full coverage, driver age 40

Rates for High Risk Drivers

2003 Toyota Corolla Insurance Rates for High Risk Drivers
AgePremium
16$5,540
20$3,530
30$2,096
40$2,082
50$1,992
60$1,972

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 $129

Potential Rate Discounts

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

DiscountSavings
Multi-policy$48
Multi-vehicle$52
Homeowner$17
5-yr Accident Free$57
5-yr Claim Free$60
Paid in Full/EFT$34
Advance Quote$42
Online Quote$65
Total Discounts$375
Rate after discounts $591

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

2003 Toyota Corolla Insurance Rates by State
StatePremium
Alabama$876
Alaska$744
Arizona$802
Arkansas$966
California$1,100
Colorado$926
Connecticut$996
Delaware$1,096
Florida$1,210
Georgia$892
Hawaii$694
Idaho$654
Illinois$722
Indiana$728
Iowa$652
Kansas$920
Kentucky$1,320
Louisiana$1,432
Maine$598
Maryland$796
Massachusetts$774
Michigan$1,682
Minnesota$808
Mississippi$1,160
Missouri$858
Montana$1,040
Nebraska$764
Nevada$1,160
New Hampshire$696
New Jersey$1,082
New Mexico$858
New York$1,020
North Carolina$558
North Dakota$794
Ohio$668
Oklahoma$992
Oregon$886
Pennsylvania$924
Rhode Island$1,292
South Carolina$876
South Dakota$816
Tennessee$848
Texas$1,166
Utah$716
Vermont$664
Virginia$580
Washington$748
West Virginia$886
Wisconsin$668
Wyoming$862

You May Also Enjoy These Articles