Toyota Corolla iM Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: May 1, 2024
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U.S. average insurance prices for a Toyota Corolla iM are $1,268 every 12 months including full coverage. Comprehensive costs an estimated $230, collision costs $424, and liability is $456. A policy with just liability insurance costs around $508 a year, with coverage for high-risk drivers costing around $2,750. 16-year-old drivers pay the highest rates at $4,904 a year or more.
Average premium for full coverage: $1,268
Price estimates broken down by individual coverage:
Includes $500 policy deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 U.S. states and for different Corolla iM trim levels.
Price Range from Low to High
For the average driver, Toyota Corolla iM insurance prices go from the cheapest price of $508 for the bare minimum liability coverage to a much higher rate of $2,750 for high-risk insurance.
Geographic Price Range
Choosing to live in a large city can have significant affects on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than congested cities.
The price range example below illustrates how location impacts insurance prices.
The ranges above highlight why anyone shopping for car insurance should compare rates quotes for a targeted area and their own driving history, instead of using rate 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.
Additional Rate Information
The chart below breaks down estimated Toyota Corolla iM insurance rates for other coverage scenarios.
- The best full coverage rate is $737
- Raising to $1,000 deductibles will save approximately $150 every year
- The average price for the average middle-age driver who has $500 deductibles is $1,268
- Buying more expensive low deductibles increases the price to $1,554
- At-risk drivers with multiple tickets or accidents could pay up to $2,750 or more
- The price to insure a teen driver with full coverage can cost as much as $4,904
Insurance prices for a Toyota Corolla iM are also quite variable based on deductibles and policy limits, your driving characteristics, and the model year and trim level.
Opting for high physical damage deductibles can reduce prices by up to $440 every year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $411 more per year. View Rates by Deductible or Liability Limit
An older driver with a clean driving record and higher deductibles may pay as little as $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay at least $4,900 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you are likely paying $1,500 to $2,100 extra each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 43% to 132% more than the average rate. View High Risk Driver Rates
The state you live in also has a big influence on Toyota Corolla iM insurance prices. A middle-age driver might find prices as low as $970 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,810 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,146 | -$122 | -9.6% |
| Alaska | $972 | -$296 | -23.3% |
| Arizona | $1,052 | -$216 | -17.0% |
| Arkansas | $1,268 | -$0 | 0.0% |
| California | $1,444 | $176 | 13.9% |
| Colorado | $1,210 | -$58 | -4.6% |
| Connecticut | $1,302 | $34 | 2.7% |
| Delaware | $1,434 | $166 | 13.1% |
| Florida | $1,584 | $316 | 24.9% |
| Georgia | $1,168 | -$100 | -7.9% |
| Hawaii | $910 | -$358 | -28.2% |
| Idaho | $856 | -$412 | -32.5% |
| Illinois | $944 | -$324 | -25.6% |
| Indiana | $954 | -$314 | -24.8% |
| Iowa | $854 | -$414 | -32.6% |
| Kansas | $1,204 | -$64 | -5.0% |
| Kentucky | $1,728 | $460 | 36.3% |
| Louisiana | $1,874 | $606 | 47.8% |
| Maine | $784 | -$484 | -38.2% |
| Maryland | $1,046 | -$222 | -17.5% |
| Massachusetts | $1,014 | -$254 | -20.0% |
| Michigan | $2,202 | $934 | 73.7% |
| Minnesota | $1,060 | -$208 | -16.4% |
| Mississippi | $1,516 | $248 | 19.6% |
| Missouri | $1,124 | -$144 | -11.4% |
| Montana | $1,360 | $92 | 7.3% |
| Nebraska | $998 | -$270 | -21.3% |
| Nevada | $1,518 | $250 | 19.7% |
| New Hampshire | $914 | -$354 | -27.9% |
| New Jersey | $1,414 | $146 | 11.5% |
| New Mexico | $1,120 | -$148 | -11.7% |
| New York | $1,336 | $68 | 5.4% |
| North Carolina | $730 | -$538 | -42.4% |
| North Dakota | $1,036 | -$232 | -18.3% |
| Ohio | $874 | -$394 | -31.1% |
| Oklahoma | $1,302 | $34 | 2.7% |
| Oregon | $1,160 | -$108 | -8.5% |
| Pennsylvania | $1,208 | -$60 | -4.7% |
| Rhode Island | $1,690 | $422 | 33.3% |
| South Carolina | $1,148 | -$120 | -9.5% |
| South Dakota | $1,070 | -$198 | -15.6% |
| Tennessee | $1,108 | -$160 | -12.6% |
| Texas | $1,526 | $258 | 20.3% |
| Utah | $940 | -$328 | -25.9% |
| Vermont | $868 | -$400 | -31.5% |
| Virginia | $760 | -$508 | -40.1% |
| Washington | $978 | -$290 | -22.9% |
| West Virginia | $1,160 | -$108 | -8.5% |
| Wisconsin | $876 | -$392 | -30.9% |
| Wyoming | $1,128 | -$140 | -11.0% |
Since prices can be so different, the best way to figure out which car insurance is cheapest is to compare prices and see which company has the best price. Every auto insurance company utilizes a different rate formula, so the prices may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2018 Toyota Corolla iM | $230 | $424 | $456 | $1,268 |
| 2017 Toyota Corolla iM | $220 | $380 | $460 | $1,218 |
Rates are averaged for all Toyota Corolla iM models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for the Cheapest Toyota Corolla iM Insurance
Getting lower rates on car insurance consists of avoiding accidents and claims, having good credit, being claim-free, and taking advantage of discounts. Spend time shopping around every couple of years by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.
The points below are a recap of the material that was touched on above.
- Policyholders who want increased liability limits will pay around $500 per year to raise from a low limit to a 250/500 level
- Drivers under the age of 20 are charged the highest prices, possibly costing $409 a month if they have full coverage
- Higher risk drivers that have major violations or accidents may have to pay on average $1,480 more annually to insure a Toyota Corolla iM
- Increasing physical damage deductibles could save as much as $425 each year
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,554 |
| $250 | $1,420 |
| $500 | $1,268 |
| $1,000 | $1,118 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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