Toyota Corolla iM Insurance Rates

U.S. average insurance rates for a Toyota Corolla iM are $1,218 a year with full coverage. Comprehensive costs on average $220, collision insurance costs $380, and liability coverage is estimated at $460. A policy with just liability insurance costs approximately $510 a year, and coverage for high-risk drivers costs around $2,638. Teenage drivers pay the highest rates at up to $4,740 a year.

Average premium for full coverage: $1,218

Price estimates by individual coverage:

Rates are based on $500 physical damage deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and for all Corolla iM models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on auto insurance rates. Rural areas have lower incidents of collision claims than densely populated cities. The example below illustrates the effect of geographic area on car insurance rates.

The ranges above demonstrate why everyone should get quotes based on a specific location, rather than using average rates.

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

Detailed Rate Analysis

The chart below details average Toyota Corolla iM insurance rates for different risk profiles and scenarios.

• The best discount rate is $712
• Choosing higher $1,000 deductibles can save around $138 annually
• The estimated price for the average middle-age driver with $500 deductibles is $1,218
• Using pricier low deductibles for comp and collision coverage bumps up the cost to $1,480
• Drivers who are prone to accidents and violations could pay upwards of $2,638
• The price that insures a teenage driver for full coverage may cost $4,740 each year

View Chart as Image

Insurance prices for a Toyota Corolla iM are also quite variable based on the model of your Corolla iM, your age and driving habits, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you may be forking out at a minimum $1,500 to $2,000 extra each year, depending on your age. Toyota Corolla iM insurance for high-risk drivers ranges around 42% to 137% more than a normal policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,100 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay upwards of $4,700 a year. View Rates by Age

The state you live in plays a big part in determining prices for Toyota Corolla iM insurance rates. A good driver about age 40 could pay as low as $880 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,650 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles can save as much as $400 a year, whereas buying more liability protection will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $414 more per year. View Rates by Deductible or Liability Limit

How to Find the Best Cheap Toyota Corolla iM Insurance

Getting lower rates on auto insurance takes being a safe and courteous driver, having above-average credit, avoid buying unnecessary coverage, and determing if full coverage is necessary. Compare prices at every policy renewal by requesting rates from direct companies, and also from several local insurance agents.

Below is a quick review of the data covered in the above illustrations.

• Consumers who require higher levels of liability will pay an extra $510 every year to raise limits from a low limit to the 250/500 level
• You may be able to save as much as $140 per year just by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save approximately $400 each year
• Teenage drivers pay the highest prices, costing up to $395 a month if full coverage is included