Toyota Corolla iM Insurance Rates

The average insurance rates for a Toyota Corolla iM are $1,268 a year for full coverage insurance. Comprehensive costs around $230 a year, collision insurance costs $424, and liability insurance is $456. Liability-only coverage costs around $508 a year, and high-risk coverage costs around $2,750. Teenage drivers cost the most to insure at up to $4,904 a year.

Average premium for full coverage: $1,268

Policy rates for type of insurance:

Estimates include $500 physical damage deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 states and Corolla iM trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than densely populated cities. The diagram below illustrates how where you live affects auto insurance rates.

The examples above illustrate why it is important to compare rates quotes for a specific zip code, rather than relying on average rates.

Use the form below to get customized rates for your location.

Rate Comparisons

The chart below illustrates average Toyota Corolla iM insurance rates for additional coverage choices and driver risks.

• The best discount rate is $737
• Raising to $1,000 deductibles will save about $1,118 each year
• The estimated price for a good driver age 40 using $500 deductibles is $1,268
• Using low $100 deductibles bumps up the cost to $1,554
• Higher-risk drivers who are prone to accidents and violations could pay at least $2,750
• Policy cost that insures a teen driver can be $4,904

View Chart as Image

Insurance rates for a Toyota Corolla iM also range considerably based on the trim level of your Corolla iM, your age and driving record, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,500 to $2,100 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 132% more than a normal policy. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay as much as $4,900 a year. View Rates by Age

Your home state also has a big influence on Toyota Corolla iM insurance rates. A middle-age driver might find rates as low as $830 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,710 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $440 each year, while buying higher liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $411 more each year. View Rates by Deductible or Liability Limit

How to Find Low Cost Toyota Corolla iM Insurance

Finding cheaper rates on Toyota Corolla iM insurance consists of being a safe and courteous driver, having a good credit score, being claim-free, and deciding if full coverage is necessary. Compare prices at every policy renewal by quoting rates from direct insurance companies, and also from insurance agencies where you live.

Below is a review of the data touched on in the above illustrations.

• Drivers who may need higher levels of liability will pay an extra $500 annually to raise from a 30/60 limit to the 250/500 level
• It is possible to save up to $150 per year just by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $425 each year
• Teenage drivers are charged the highest rates, possibly costing $409 each month if comprehensive and collision insurance is included