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2004 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: Jun 12, 2015

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Average insurance rates for a 2004 Toyota Corolla are $952 a year with full coverage. Comprehensive insurance costs approximately $146 each year, collision costs $188, and liability insurance costs around $460. Buying a liability-only policy costs as low as $510 a year, with high-risk insurance costing $2,046 or more. Teenage drivers receive the highest rates at $3,880 a year or more.

Annual premium for full coverage: $952

Rate estimates for 2004 Toyota Corolla Insurance

Comprehensive $146
Collision $188
Liability $460

Rate data is compiled from all 50 U.S. states and averaged for all 2004 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 $510 for basic liability insurance to a high rate of $2,046 for high-risk insurance.

Liability Only $510
Full Coverage $952
High Risk $2,046

View Chart as Image

2004 Toyota Corolla insurance rates compared
Column chart showing 2004 Toyota Corolla insurance prices range from $583 to $3,880 for full coverage

These differences demonstrate why all drivers should compare prices using their specific location and risk profile, rather than relying on average rates.

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 2004 Toyota Corolla Insurance

Searching Companies

Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance policy? Trust us, you’re not alone.

There is such a variety of auto insurance companies to buy insurance from, and though it is a good thing to have a choice, it can be more difficult to compare rates.

Smart consumers take time to take a look at other company’s rates at least once a year because insurance rates trend upward over time. Even if you got the lowest rates for Corolla insurance a couple years back there may be better deals available now. So just forget anything you know (or think you know) about insurance because you’re about to learn the fastest way to save on insurance.

More discounts equal less premium

Insuring your vehicles can cost a lot, but you can get discounts that many people don’t even know exist. Certain discounts will be triggered automatically at the time you complete a quote, but lesser-known reductions have to be specially asked for before you will receive the discount.

  • Resident Student – Kids in college who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Early Signing – Some insurance companies reward drivers for switching to them before your current policy expires. This can save 10% or more.
  • Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
  • New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
  • Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for Corolla insurance than drivers with accidents.
  • No Charge for an Accident – Some insurance companies will allow you to have one accident before your rates go up if you are claim-free for a set time period.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.

Keep in mind that some credits don’t apply to the entire policy premium. Most only cut specific coverage prices like comprehensive or collision. Even though it may seem like you could get a free auto insurance policy, you won’t be that lucky. But all discounts will bring down the amount you have to pay.

To see a list of providers offering auto insurance discounts, click this link.

The easiest way to compare car insurance company rates utilizes the fact most larger insurance companies participate in online systems to quote your coverage. To start a quote, the only thing you need to do is spend a couple of minutes providing details such as whether you are single or married, if you went to college, if your license is active, and how much you drive. Your details is submitted instantly to many highly-rated insurers and you will get price comparisons with very little delay.

To get price quotes for your 2004 Toyota Corolla, click here and enter your coverage details.

It’s not one size fits all

When it comes to choosing proper insurance coverage, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that might help in determining whether your personal situation would benefit from professional advice.

  • Is my teen driver covered when they drive my company car?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Can I still get insurance after a DUI?
  • Where can I find DUI or SR-22 insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • Am I covered if I hit a deer?
  • How do I buy GAP insurance?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Parts of your insurance policy

Understanding the coverages of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by insurance companies.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, hail damage and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a parking meter, driving through your garage door, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Toyota Corolla.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability

Liability insurance protects you from damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like attorney fees, legal defense fees and medical expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for bills for nursing services, dental work, prosthetic devices and funeral costs. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Do the work, save more money

Low-cost 2004 Toyota Corolla insurance is attainable from both online companies and also from your neighborhood agents, and you need to comparison shop both to get a complete price analysis. Some companies may not provide you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

You just learned many tips how you can lower your insurance rates. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the best price on car insurance is with the least-expected company. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, GEICO and Nationwide.

Additional information can be found at these links:

Rates by U.S. City

2004 Toyota Corolla Insurance Rates by City
City Premium
New York City, NY $1,506
Los Angeles, CA $1,626
Philadelphia, PA $1,268
Jacksonville, FL $1,380
Phoenix, AZ $1,106
Chicago, IL $1,274
Houston, TX $1,492
Seattle, WA $927
Columbus, OH $796
Indianapolis, IN $809

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2004 Toyota Corolla Insurance Rates by Driver Age
Driver Age Premium
16 $3,880
20 $2,180
30 $964
40 $952
50 $874
60 $856

Full coverage, $500 deductibles

Rates by Deductible

2004 Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,096
$250 $1,030
$500 $952
$1,000 $874

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $952
50/100 $1,044
100/300 $1,159
250/500 $1,458
100 CSL $1,090
300 CSL $1,343
500 CSL $1,527

Full coverage, driver age 40

Rates for High Risk Drivers

2004 Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $5,452
20 $3,470
30 $2,060
40 $2,046
50 $1,958
60 $1,938

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 $127

Potential Rate Discounts

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

Discount Savings
Multi-policy $48
Multi-vehicle $51
Homeowner $17
5-yr Accident Free $56
5-yr Claim Free $59
Paid in Full/EFT $33
Advance Quote $41
Online Quote $64
Total Discounts $369
Rate after discounts $583

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

Find companies with the cheapest rates in your area

2004 Toyota Corolla Insurance Rates by State
State Premium
Alabama $862
Alaska $730
Arizona $790
Arkansas $952
California $1,084
Colorado $912
Connecticut $978
Delaware $1,076
Florida $1,190
Georgia $878
Hawaii $682
Idaho $644
Illinois $708
Indiana $716
Iowa $640
Kansas $904
Kentucky $1,298
Louisiana $1,408
Maine $588
Maryland $784
Massachusetts $762
Michigan $1,652
Minnesota $798
Mississippi $1,138
Missouri $844
Montana $1,022
Nebraska $750
Nevada $1,140
New Hampshire $686
New Jersey $1,064
New Mexico $842
New York $1,004
North Carolina $548
North Dakota $780
Ohio $658
Oklahoma $978
Oregon $872
Pennsylvania $906
Rhode Island $1,270
South Carolina $862
South Dakota $802
Tennessee $834
Texas $1,148
Utah $704
Vermont $652
Virginia $570
Washington $736
West Virginia $872
Wisconsin $658
Wyoming $850

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