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2014 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: Nov 23, 2017

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Average insurance rates for a 2014 Toyota Corolla are $1,268 a year with full coverage. Comprehensive costs an estimated $230 a year, collision insurance costs $424, and liability insurance costs $456. Buying a liability-only policy costs as little as $508 a year, and high-risk insurance costs around $2,750. Teen drivers receive the highest rates at up to $4,904 a year.

Annual premium for full coverage: $1,268

Rate estimates for 2014 Toyota Corolla Insurance

Comprehensive $230
Collision $424
Liability $456

Rate data is compiled from all 50 U.S. states and averaged for all 2014 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 range from as low as $508 for just liability coverage to a high of $2,750 for high-risk insurance.

Liability Only $508
Full Coverage $1,268
High Risk $2,750

View Chart as Image

2014 Toyota Corolla insurance rates compared
Column chart showing 2014 Toyota Corolla insurance prices range from $737 to $4,904 for full coverage

These differences demonstrate why it is important for drivers to compare rates for a targeted area 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.

Recommended Companies for Cheap 2014 Toyota Corolla Insurance

Searching Companies

I can’t think of anyone who likes having to buy insurance, especially when the cost is too high.

Having so many companies and agents to choose from, it’s nearly impossible to choose the cheapest provider.

It’s a good habit to do rate comparisons on a regular basis since rates are variable and change quite frequently. Despite the fact that you may have had the best rates on Corolla coverage two years ago other companies may now be cheaper. There is a lot of bad information regarding insurance on the internet, so I’m going to show you some excellent ideas to slash your insurance rates.

The purpose of this post is to instruct you on how car insurance quotes work and some tips to save money. If you are paying for car insurance now, you should be able to lower your premiums substantially using this information. Nevertheless, consumers must learn the way insurance companies determine prices and apply this information to your search.

Don’t miss these discounts

The price of auto insurance can be rather high, but you can get discounts that you may not even be aware of. Some trigger automatically at the time you complete a quote, but less common discounts must be asked about prior to receiving the credit.

  • Safety Course Discount – Taking a course in driver safety could cut 5% off your bill if your company offers it.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same auto insurance policy qualifies for this discount.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. This discount can apply up to age 25.
  • Air Bag Discount – Vehicles with factory air bags can receive discounts up to 30%.
  • Resident Student – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for better auto insurance rates on Corolla coverage.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts could save 15% off your medical payments premium.
  • Own a Home – Simply owning a home may trigger a auto insurance policy discount due to the fact that maintaining a home shows financial diligence.
  • No Charge for an Accident – A few companies will forgive one accident without raising rates so long as you haven’t had any claims for a set time period.

A little note about advertised discounts, some of the credits will not apply the whole policy. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. But all discounts will help reduce the amount you have to pay.

A partial list of companies who might offer these benefits include:

Before buying, ask each company which discounts you may be entitled to. Discounts may not be available in your area.

The easiest way to compare insurance rates in your area is to know the fact almost all companies pay for the opportunity to compare their rates. To begin a comparison, all you need to do is give the companies some data such as if it has an alarm system, whether you are single or married, if you require a SR-22, and deductibles desired. Your information is instantly submitted to many highly-rated insurers and they return cost estimate instantly.

When might I need help?

When it comes to choosing the best car insurance coverage for your vehicles, there really is no cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. These are some specific questions might help in determining whether or not you may require specific advice.

  • Are my friends covered when driving my car?
  • What is the rate difference between pleasure use and commuting?
  • Why am I required to buy high-risk coverage?
  • What companies insure drivers after a DUI or DWI?
  • Does my insurance cover my expensive audio equipment?
  • Can I get a multi-policy discount?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Specifics of your auto insurance policy

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be confusing and nobody wants to actually read their policy. Listed below are typical coverages found on most auto insurance policies.

Comprehensive coverages

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 and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like fire damage, hitting a bird, damage from getting keyed, rock chips in glass and damage from flooding. The maximum payout your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for collisions

Collision insurance covers damage to your Corolla caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a ditch, backing into a parked car, crashing into a building, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for things like rehabilitation expenses, EMT expenses and nursing services. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability coverage provides protection from damages or injuries you inflict on people or other property. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as medical services, bail bonds, attorney fees, funeral expenses and emergency aid. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Shop smart and save

Cheaper 2014 Toyota Corolla insurance is possible on the web in addition to many insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some companies do not provide you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

We covered many tips how you can compare insurance prices online. The most important thing to understand is the more price quotes you have, the better likelihood of reducing your rate. Consumers could even find that the biggest savings come from the smaller companies. Some small companies often have lower prices on specific markets than their larger competitors like State Farm and Allstate.

More tips and info about auto insurance can be found in these articles:

Rates by U.S. City

2014 Toyota Corolla Insurance Rates by City
City Premium
New York City, NY $2,004
Los Angeles, CA $2,166
Philadelphia, PA $1,691
Jacksonville, FL $1,837
Phoenix, AZ $1,473
Chicago, IL $1,699
Houston, TX $1,984
Seattle, WA $1,232
Columbus, OH $1,058
Indianapolis, IN $1,078

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2014 Toyota Corolla Insurance Rates by Driver Age
Driver Age Premium
16 $4,904
20 $2,938
30 $1,308
40 $1,268
50 $1,160
60 $1,138

Full coverage, $500 deductibles

Rates by Deductible

2014 Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,554
$250 $1,420
$500 $1,268
$1,000 $1,118

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,268
50/100 $1,359
100/300 $1,473
250/500 $1,770
100 CSL $1,405
300 CSL $1,656
500 CSL $1,838

Full coverage, driver age 40

Rates for High Risk Drivers

2014 Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $6,970
20 $4,684
30 $2,796
40 $2,750
50 $2,630
60 $2,608

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 $178

Potential Rate Discounts

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

Discount Savings
Multi-policy $67
Multi-vehicle $68
Homeowner $20
5-yr Accident Free $89
5-yr Claim Free $82
Paid in Full/EFT $55
Advance Quote $61
Online Quote $89
Total Discounts $531
Rate after discounts $737

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

Find companies with the cheapest rates in your area

2014 Toyota Corolla Insurance Rates by State
State Premium
Alabama $1,146
Alaska $972
Arizona $1,052
Arkansas $1,268
California $1,444
Colorado $1,210
Connecticut $1,302
Delaware $1,434
Florida $1,584
Georgia $1,168
Hawaii $910
Idaho $856
Illinois $944
Indiana $954
Iowa $854
Kansas $1,204
Kentucky $1,728
Louisiana $1,874
Maine $784
Maryland $1,046
Massachusetts $1,014
Michigan $2,202
Minnesota $1,060
Mississippi $1,516
Missouri $1,124
Montana $1,360
Nebraska $998
Nevada $1,518
New Hampshire $914
New Jersey $1,414
New Mexico $1,120
New York $1,336
North Carolina $730
North Dakota $1,036
Ohio $874
Oklahoma $1,302
Oregon $1,160
Pennsylvania $1,208
Rhode Island $1,690
South Carolina $1,148
South Dakota $1,070
Tennessee $1,108
Texas $1,526
Utah $940
Vermont $868
Virginia $760
Washington $978
West Virginia $1,160
Wisconsin $876
Wyoming $1,128

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