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2016 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: Dec 20, 2019

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Average insurance rates for a 2016 Toyota Corolla are $1,332 a year for full coverage insurance. Comprehensive costs around $248, collision insurance costs $484, and liability coverage costs $442. Buying a liability-only policy costs as little as $496 a year, and high-risk insurance costs around $2,902. Teen drivers receive the highest rates at up to $5,110 a year.

Annual premium for full coverage: $1,332

Rate estimates for 2016 Toyota Corolla Insurance

Comprehensive $248
Collision $484
Liability $442

Rate data is compiled from all 50 U.S. states and averaged for all 2016 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 range from as low as $496 for only liability insurance to the much higher price of $2,902 for a driver that may need high-risk insurance.

Liability Only $496
Full Coverage $1,332
High Risk $2,902

View Chart as Image

2016 Toyota Corolla insurance rates compared
Column chart showing 2016 Toyota Corolla insurance prices range from $767 to $5,110 for full coverage

These differences illustrate why everyone should compare rates for a specific zip code 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 2016 Toyota Corolla Insurance

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Toyota Corolla insurance

Paying for expensive Toyota Corolla insurance can drain your budget and force you to make sacrifices.

Multiple insurance companies compete to insure your vehicles, so it can be very hard to choose a provider to get the lowest rate

You should take the time to take a look at other company’s rates as often as possible because insurance prices are rarely the same from one policy term to another. Just because you found the best price on Corolla insurance six months ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about insurance coverage because you’re about to learn the things you must know in order to properly buy coverages while reducing your premium.

Lower rates by qualifying for these nine discounts

Insurance coverage can be pricey, but you can get discounts that can help lower your rates. Some of these disounts will be visible at quote time, but some must be manually applied before they will apply.

  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up before driving could save 15% on the medical payments or PIP coverage costs.
  • Onboard Data Collection – Drivers that enable data collection to study driving habits by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction as long as the data is positive.
  • Theft Deterent System – Cars with anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Accident Waiver – but some companies like Libery Mutual, GEICO and Allstate will turn a blind eye to one accident before your rates go up if you have no claims before the accident.
  • Own a Home and Save – Just being a homeowner can save you money because maintaining a house shows financial diligence.
  • Discount for Life Insurance – Larger insurance carriers have a lower premium rate if you buy a life policy as well.
  • Senior Citizen Rates – Mature drivers are able to get better insurance coverage rates on Corolla insurance.
  • Bundle and Save – If you combine your auto and home policies and insure them with the same company you could get a discount of as much as 10 to 15 percent.
  • Low Mileage Discounts – Keeping the miles down on your Toyota may allow you to get substantially lower insurance coveragerates.

Please keep in mind that most credits do not apply the whole policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

To find companies that offer the discounts shown above, click here to view.

Compare free insurance rate quotes

When shopping for insurance there are multiple ways to compare prices from many available insurance companies in your state. The quickest method to find the lowest Toyota Corolla rates is to use the internet to compare rates. This is quite simple and can be completed in several different ways.

  1. The most recommended method consumers can make multiple comparisons would be an industry-wide quote request form click here to open form in new window. This easy form keeps you from doing separate quotes for each company. A single form gets insurance cost estimates from multiple companies.
  2. A different way to analyze rates requires a visit to each company’s website and repeat the quote process. For example, let’s assume you want to see prices from Allstate, Progressive and State Farm. In order to get each rate, you would have to spend time going to each site individually and repeatedly type in your coverage information, which can be really labor intensive. For a handy list of car insurance company links in your area, click here.

Whichever method you choose, compare apples-to-apples coverage information for every company. If you are comparing different deductibles you will not be able to truly determine the lowest rate. Just slight variations in limits can make a big difference in price. And when price shopping your coverage, comparing all the rates in your area increases the change that you will find a better price.

Insurance coverage is unique, just like you

When it comes to choosing the best insurance coverage coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions can aid in determining if you might need an agent’s assistance.

  • Are my friends covered when driving my 2016 Toyota Corolla?
  • Am I getting all the discounts available?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What can I do if my company denied a claim?
  • Can my babysitter drive my car?
  • Exactly who is provided coverage by my policy?
  • Does my 2016 Toyota Corolla need full coverage?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Free Auto Insurance Comparison

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

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Insurance coverage specifics

Knowing the specifics of your insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from insurance companies.

Collision – Collision insurance covers damage to your Corolla from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like hitting a mailbox, rolling your car and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for hospital visits, ambulance fees, chiropractic care, funeral costs and doctor visits. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your 2016 Toyota Corolla.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive coverage – This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, damage from flooding and rock chips in glass. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability auto insurance – This coverage can cover damages or injuries you inflict on people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as funeral expenses, bail bonds and court costs. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

A tidy conclusion

A few companies may not provide the ability to get quotes online and most of the time these small insurance companies prefer to sell through local independent agencies. Cheap 2016 Toyota Corolla insurance is definitely available on the web in addition to local insurance agencies, so you need to compare both so you have a total pricing picture.

As you go through the steps to switch your coverage, never reduce needed coverages to save money. There have been many cases where an accident victim reduced liability limits or collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible for the lowest price while not skimping on critical coverages.

We just showed you a lot of ways to get a better price on 2016 Toyota Corolla insurance. It’s most important to understand that the more you quote insurance, the better your chances of lowering your premium rates. Consumers may even find the lowest priced insurance coverage comes from a lesser-known regional company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

Use our FREE quote tool to compare rates now!

Additional information can be read at these links:

Rates by U.S. City

2016 Toyota Corolla Insurance Rates by City
City Premium
New York City, NY $2,109
Los Angeles, CA $2,277
Philadelphia, PA $1,781
Jacksonville, FL $1,935
Phoenix, AZ $1,551
Chicago, IL $1,786
Houston, TX $2,088
Seattle, WA $1,300
Columbus, OH $1,116
Indianapolis, IN $1,137

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2016 Toyota Corolla Insurance Rates by Driver Age
Driver Age Premium
16 $5,110
20 $3,100
30 $1,382
40 $1,332
50 $1,220
60 $1,198

Full coverage, $500 deductibles

Rates by Deductible

2016 Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,656
$250 $1,506
$500 $1,332
$1,000 $1,166

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,332
50/100 $1,420
100/300 $1,531
250/500 $1,818
100 CSL $1,465
300 CSL $1,708
500 CSL $1,885

Full coverage, driver age 40

Rates for High Risk Drivers

2016 Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $7,276
20 $4,944
30 $2,956
40 $2,902
50 $2,772
60 $2,748

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 $189

Potential Rate Discounts

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

Discount Savings
Multi-policy $70
Multi-vehicle $72
Homeowner $21
5-yr Accident Free $97
5-yr Claim Free $86
Paid in Full/EFT $59
Advance Quote $66
Online Quote $94
Total Discounts $565
Rate after discounts $767

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

Find companies with the cheapest rates in your area

2016 Toyota Corolla Insurance Rates by State
State Premium
Alabama $1,206
Alaska $1,024
Arizona $1,108
Arkansas $1,332
California $1,518
Colorado $1,274
Connecticut $1,372
Delaware $1,508
Florida $1,668
Georgia $1,232
Hawaii $958
Idaho $902
Illinois $992
Indiana $1,006
Iowa $900
Kansas $1,268
Kentucky $1,818
Louisiana $1,976
Maine $822
Maryland $1,100
Massachusetts $1,068
Michigan $2,318
Minnesota $1,116
Mississippi $1,598
Missouri $1,182
Montana $1,432
Nebraska $1,052
Nevada $1,598
New Hampshire $960
New Jersey $1,492
New Mexico $1,180
New York $1,406
North Carolina $766
North Dakota $1,092
Ohio $922
Oklahoma $1,368
Oregon $1,222
Pennsylvania $1,272
Rhode Island $1,780
South Carolina $1,206
South Dakota $1,126
Tennessee $1,170
Texas $1,606
Utah $988
Vermont $912
Virginia $798
Washington $1,032
West Virginia $1,222
Wisconsin $924
Wyoming $1,190

Free Auto Insurance Comparison

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

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