2015 Toyota Corolla Insurance Rates
Average insurance rates for a 2015 Toyota Corolla are $1,352 a year including full coverage. Comprehensive costs on average $262, collision costs $502, and liability insurance costs $430. Buying a liability-only policy costs as little as $486 a year, with high-risk insurance costing around $2,938. Teen drivers receive the highest rates at $5,138 a year or more.
Annual premium for full coverage: $1,352
Rate estimates for 2015 Toyota Corolla Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2015 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 the average driver, prices range go from as low as $486 for a discount liability-only rate to a much higher rate of $2,938 for a driver that may need high-risk insurance.
These differences highlight why anyone shopping for car insurance should compare rates based on a specific location and risk profile, rather than relying on price averages.
Use the form below to get rates for your location.
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Recommended Companies for Cheap 2015 Toyota Corolla Insurance
Looking for the cheapest car insurance rates for your Toyota Corolla? Sick and tired of scraping the payment together to insure your Toyota every month? You’re in the same situation as many other drivers.
With so many insurance companies to choose from, it can be diffult for consumers to locate the lowest price insurance company.
Finding the best rates is quite easy. If you currently have a car insurance policy, you will be able to lower your premiums substantially using this strategy. Although car owners must understand how the larger insurance companies determine prices and take advantage of how the system works.
Don’t miss out on these nine money-saving discounts
Companies offering auto insurance don’t always list all their discounts very well, so here is a list both well-publicized and the harder-to-find auto insurance savings.
Recommended Companies for the Best Insurance Rates
- Auto/Home Discount – If you have multiple policies with the same company you may save 10% to 20% off each policy.
- Homeowners Discount – Owning a home may earn you a small savings due to the fact that maintaining a home requires personal responsibility.
- Drive Less and Save – Fewer annual miles on your Toyota can earn better rates on cars that stay parked.
- Braking Control Discount – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
- Accident Forgiveness – Certain companies will forgive one accident without raising rates as long as you don’t have any claims for a set time period.
- Multiple Cars – Buying insurance for all your vehicles on the same auto insurance policy could earn a price break for each car.
- Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
- Life Insurance – Select insurance companies reward you with a discount if you purchase auto and life insurance together.
- Seat Belts Save – Buckling up and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
Keep in mind that most credits do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates it’s possible to get free car insurance, you’re out of luck.
For a list of insurers who offer auto insurance discounts, click here.
The easiest way to compare car insurance rates is to realize car insurance companies participate in a system to provide you with free rate quotes. The only thing you need to do is take a few minutes to give details including if you have a valid license, if it has an alarm system, your general credit rating, and if you’re married. That information is instantly sent to multiple companies and they return quotes with very little delay.
To get price quotes for your , click here and enter the information requested.
Do I need special coverages?
When buying coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions might point out whether or not you may require specific advice.
- How can I get my company to pay me more for my totalled car?
- How high should my medical payments coverage be?
- Am I covered by my spouse’s policy after a separation?
- Am I covered if I break a side mirror?
- Is my business laptop covered if it gets stolen from my vehicle?
- Can I rate high risk drivers on liability-only vehicles?
- When can I cancel my policy?
- What is the difference between comprehensive and collision coverage?
- Is my dog or cat covered if injured in an accident?
If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Having a good grasp of auto insurance can help you determine which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types available from auto insurance companies.
Collision – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like sustaining damage from a pot hole, scraping a guard rail, colliding with a tree, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.
Comprehensive or Other Than Collision – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like hitting a deer, vandalism, rock chips in glass, damage from flooding and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like EMT expenses, dental work and doctor visits. They are used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Liability car insurance – Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means 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.
Liability can pay for claims such as funeral expenses, court costs, attorney fees and medical expenses. How much coverage you buy is up to you, but consider buying as large an amount as possible.
Be a money saver!
As you restructure your insurance plan, don’t be tempted to sacrifice coverage to reduce premiums. There have been many situations where an insured cut comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. The aim is to buy enough coverage at the best price while not skimping on critical coverages.
Budget-conscious 2015 Toyota Corolla insurance is attainable both online as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who don’t offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.
For more information, link through to the articles below:
- Keeping Children Safe in Crashes Video (iihs.org)
- How Much are Auto Insurance Quotes for a Toyota Corolla in Kansas City? (KCAutoGuard.com)
- Crash Avoidance Technologies FAQ (iihs.org)
- Coverage Information (Progressive Insurance)
- Understanding Rental Car Insurance (Insurance Information Insitute)
- Choosing an Insurance Company (Insurance Information Insitute)
- Top Signs Your Brakes are Giving Out (State Farm)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$2,136|
|Los Angeles, CA||$2,313|
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Need a specific model?
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$99|
|5-yr Claim Free||$88|
|Paid in Full/EFT||$61|
Discounts are estimated and may not be available from every company or in every state.