Toyota Corolla Insurance Rates
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Michelle Robbins
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UPDATED: Apr 8, 2024
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What is the cost to insure a Toyota Corolla? The average Toyota Corolla insurance rates are $1,400 a year, or $116 a month. Some people might be asking, “why is a Toyota Corolla so expensive to insure?” One contributing factor is its theft rate.
Read on to learn what you can do to save on Toyota Corolla insurance rates.
Ready to start shopping for everything from 2004 Toyota Corolla insurance rates to 2019 Toyota Corolla insurance rates? Before you buy Toyota Corolla car insurance, make sure to compare rates from multiple insurance companies.
Enter your ZIP code in our free tool to get started on finding the best Toyota Corolla insurance cost. We’ll point you to affordable Toyota Corolla car insurance quotes in your area.
Average auto insurance rates for a Toyota Corolla are $1,370 annually for full coverage insurance. Comprehensive costs around $272 each year, collision costs $524, and liability insurance costs around $416. Buying just liability costs as low as $474 a year, with insurance for high-risk drivers costing around $2,976. Teen drivers receive the highest rates at $5,174 a year or more.
Average premium for full coverage: $1,370
Rate estimates for individual coverage type:
Estimates include $500 deductible amounts, minimum liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and Corolla models.
Price Range by Coverage and Risk
Using a middle-aged driver as an example, prices range go from as cheap as $474 for just liability coverage to a high rate of $2,976 for high-risk insurance.
Price Range by Location
Where you live has a significant impact on car insurance rates. Areas with sparse population tend to have fewer physical damage claims than larger metro areas.
The graphic below illustrates how where you live affects auto insurance rates.
These examples illustrate why all drivers should compare prices for a specific zip code and their own personal driving habits, rather than relying on price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Detailed Rate Analysis
The chart below illustrates estimated Toyota Corolla insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $786
- Using higher $1,000 deductibles will save about $182 each year
- The estimated rate for a 40-year-old driver using $500 deductibles is $1,370
- Choosing low deductibles for physical damage coverage will cost $1,720
- Drivers with multiple violations and an at-fault accident could pay at least $2,976 or more
- The cost with full coverage for a teen driver can be $5,174 or more
Auto insurance rates for a Toyota Corolla can also vary considerably based on the trim level of your Corolla, your risk profile, and deductibles and policy limits.
More mature drivers with a good driving record and high physical damage deductibles could pay as little as $1,300 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay as much as $5,100 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are probably paying at least $1,600 to $2,300 in extra premium per year, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 130% more than average. View High Risk Driver Rates
Choosing high deductibles could cut rates by as much as $540 each year, whereas increasing liability limits will increase rates. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $375 extra every year. View Rates by Deductible or Liability Limit
Where you live has a huge impact on Toyota Corolla insurance rates. A driver around age 40 might see rates as low as $900 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,850 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,240 | -$130 | -9.5% |
| Alaska | $1,052 | -$318 | -23.2% |
| Arizona | $1,138 | -$232 | -16.9% |
| Arkansas | $1,370 | -$0 | 0.0% |
| California | $1,560 | $190 | 13.9% |
| Colorado | $1,310 | -$60 | -4.4% |
| Connecticut | $1,410 | $40 | 2.9% |
| Delaware | $1,550 | $180 | 13.1% |
| Florida | $1,714 | $344 | 25.1% |
| Georgia | $1,266 | -$104 | -7.6% |
| Hawaii | $984 | -$386 | -28.2% |
| Idaho | $926 | -$444 | -32.4% |
| Illinois | $1,020 | -$350 | -25.5% |
| Indiana | $1,032 | -$338 | -24.7% |
| Iowa | $926 | -$444 | -32.4% |
| Kansas | $1,304 | -$66 | -4.8% |
| Kentucky | $1,870 | $500 | 36.5% |
| Louisiana | $2,028 | $658 | 48.0% |
| Maine | $844 | -$526 | -38.4% |
| Maryland | $1,130 | -$240 | -17.5% |
| Massachusetts | $1,096 | -$274 | -20.0% |
| Michigan | $2,380 | $1,010 | 73.7% |
| Minnesota | $1,146 | -$224 | -16.4% |
| Mississippi | $1,642 | $272 | 19.9% |
| Missouri | $1,216 | -$154 | -11.2% |
| Montana | $1,472 | $102 | 7.4% |
| Nebraska | $1,080 | -$290 | -21.2% |
| Nevada | $1,642 | $272 | 19.9% |
| New Hampshire | $988 | -$382 | -27.9% |
| New Jersey | $1,530 | $160 | 11.7% |
| New Mexico | $1,212 | -$158 | -11.5% |
| New York | $1,444 | $74 | 5.4% |
| North Carolina | $790 | -$580 | -42.3% |
| North Dakota | $1,120 | -$250 | -18.2% |
| Ohio | $948 | -$422 | -30.8% |
| Oklahoma | $1,408 | $38 | 2.8% |
| Oregon | $1,256 | -$114 | -8.3% |
| Pennsylvania | $1,308 | -$62 | -4.5% |
| Rhode Island | $1,826 | $456 | 33.3% |
| South Carolina | $1,240 | -$130 | -9.5% |
| South Dakota | $1,158 | -$212 | -15.5% |
| Tennessee | $1,200 | -$170 | -12.4% |
| Texas | $1,652 | $282 | 20.6% |
| Utah | $1,016 | -$354 | -25.8% |
| Vermont | $938 | -$432 | -31.5% |
| Virginia | $822 | -$548 | -40.0% |
| Washington | $1,060 | -$310 | -22.6% |
| West Virginia | $1,256 | -$114 | -8.3% |
| Wisconsin | $948 | -$422 | -30.8% |
| Wyoming | $1,220 | -$150 | -10.9% |
With so much variability in rates, the only way to figure out your exact price is to do a rate comparison from as many companies as possible. Each insurance company uses a different rate calculation, and quoted rates can be significantly different between companies.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Toyota Corolla LE | $1,370 | $114 |
| Toyota Corolla S | $1,370 | $114 |
| Toyota Corolla XLE | $1,370 | $114 |
| Toyota Corolla XRS | $1,410 | $118 |
Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Toyota Corolla | $282 | $536 | $398 | $1,374 |
| 2023 Toyota Corolla | $272 | $524 | $416 | $1,370 |
| 2022 Toyota Corolla | $262 | $502 | $430 | $1,352 |
| 2021 Toyota Corolla | $248 | $484 | $442 | $1,332 |
| 2020 Toyota Corolla | $238 | $450 | $452 | $1,298 |
| 2019 Toyota Corolla | $230 | $424 | $456 | $1,268 |
| 2018 Toyota Corolla | $220 | $380 | $460 | $1,218 |
| 2017 Toyota Corolla | $206 | $350 | $460 | $1,174 |
| 2016 Toyota Corolla | $198 | $328 | $464 | $1,148 |
| 2015 Toyota Corolla | $194 | $306 | $474 | $1,132 |
| 2014 Toyota Corolla | $180 | $284 | $474 | $1,096 |
| 2013 Toyota Corolla | $174 | $258 | $478 | $1,068 |
| 2012 Toyota Corolla | $162 | $236 | $474 | $1,030 |
| 2011 Toyota Corolla | $152 | $214 | $474 | $998 |
| 2010 Toyota Corolla | $148 | $192 | $468 | $966 |
| 2009 Toyota Corolla | $146 | $188 | $460 | $952 |
| 2008 Toyota Corolla | $144 | $178 | $452 | $932 |
| 2007 Toyota Corolla | $132 | $170 | $446 | $906 |
| 2006 Toyota Corolla | $126 | $162 | $442 | $888 |
Rates are averaged for all Toyota Corolla models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Buy Low Cost Toyota Corolla Insurance
Saving money on Toyota Corolla insurance requires having a good driving record, having above-average credit, avoid buying unnecessary coverage, and maximizing policy discounts. Take the time to comparison shop every couple of years by getting quotes from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.
The next list is a review of the material that was touched on in the above illustrations.
- Drivers who may need increased levels of liability coverage will pay about $460 annually to increase from a minimum limit to higher 250/500 limits
- Drivers age 20 and younger are expensive to insure, costing up to $431 per month if full coverage is included
- High-risk drivers who have several accidents or serious violations pay on average $1,610 more every year to buy Toyota Corolla insurance
- Increasing deductibles could save up to $525 each year
Shopping for rates will help you save on multiple model years, such as 2020, 2016, 2015, 2014, or 2006 Toyota Corolla insurance rates, as well as every model year over the last decade or two.
So if you are looking for 2013 or 2017 Toyota Corolla insurance costs or Toyota Corolla 2020 insurance costs, start by getting quotes. Enter your ZIP code in our free tool below to get started.
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What are the safety ratings of the Toyota Corolla?
Safety ratings and features help lower the cost of Toyota Corolla insurance. The Toyota Corolla has various airbags, brake assist, electronic stability control, lane departure warning, lane-keeping assist, and many other safety features.
The Insurance Institute for Highway Safety (IIHS) gave the 2020 Toyota Corolla sedan a 2020 Top Safety Pick award because of its safety ratings (below).
- Small overlap front (driver-side): Good
- Small overlap front (passenger-side): Good
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
Watch the video below for an example of one of the safety tests on the Toyota Corolla.
Keep in mind that sometimes ratings will vary depending on the year and build, so the Toyota Corolla 2017 insurance cost may be slightly different than the 2019 Toyota Corolla hatchback insurance cost. However, a good safety rating on one build and year generally means a brand is good regardless of the year and build.
Toyota Corolla Crash Tests
Good Toyota Corolla crash tests mean better rates. Take a look at the crash test ratings below.
Toyota Corolla Crash Test Ratings| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2020 Toyota Corolla Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Toyota Corolla 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Toyota Corolla 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2018 Toyota Corolla IM 5 HB FWD | N/R | N/R | N/R | N/R |
| 2018 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2017 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2016 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
With multiple 5-star and 4-star ratings, the Toyota Corolla did well.
Toyota Corolla Insurance Loss Probability
If a car has a low insurance loss probability, then it will also have low insurance rates. Likewise, a high insurance loss probability means high rates. Take a look a the table below to see insurance loss probabilities for Toyota Corolla coverages.
Toyota Corolla Insurance Loss Probability| Insurance Coverage Category | Loss Rate |
|---|---|
| Collision | 33% |
| Property Damage | 11% |
| Comprehensive | -6% |
| Personal Injury | 56% |
| Medical Payment | 58% |
| Bodily Injury | 28% |
| Source: Insurance Institute for Highway Safety | |
Comprehensive insurance should be the cheapest coverage for a Toyota Corolla, as it has the lowest insurance loss probability.
Toyota Corolla Compared Against Other Vehicles in the Same Class
The Toyota Corolla is a small car, which usually means it can’t do as much damage to other vehicles. However, the IIHS rated the liability losses for the Toyota Corolla’s bodily injury liability as substantially worse than average, which can raise rates. The property damage liability losses for the Toyota Corolla are average.
The list below is of other small cars, so you can compare their rates to the Toyota Corolla’s insurance rates.
Ready to start shopping for insurance for your Toyota Corolla? Whether you want to find Toyota Corolla hatchback insurance or Toyota Corolla SA prices, enter your ZIP code in our free tool to start comparison shopping. Get quotes from multiple Toyota Corolla car insurance companies to find one that fits your needs.
References
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,174 |
| 20 | $3,180 |
| 30 | $1,428 |
| 40 | $1,370 |
| 50 | $1,254 |
| 60 | $1,230 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,720 |
| $250 | $1,558 |
| $500 | $1,370 |
| $1,000 | $1,188 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,370 |
| 50/100 | $1,493 |
| 100/300 | $1,597 |
| 250/500 | $1,868 |
| 100 CSL | $1,535 |
| 300 CSL | $1,764 |
| 500 CSL | $1,930 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,376 |
| 20 | $5,066 |
| 30 | $3,038 |
| 40 | $2,976 |
| 50 | $2,842 |
| 60 | $2,816 |
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.
| Discount | Savings |
|---|---|
| Multi-policy | $73 |
| Multi-vehicle | $73 |
| Homeowner | $20 |
| 5-yr Accident Free | $101 |
| 5-yr Claim Free | $89 |
| Paid in Full/EFT | $63 |
| Advance Quote | $68 |
| Online Quote | $97 |
| Total Discounts | $584 |
Discounts are estimated and may not be available from every company or in every state.
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