Toyota Corolla iM Insurance Rates
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Michelle Robbins
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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 $1,218 every 12 months with full coverage. Comprehensive insurance costs an estimated $220 each year, collision costs $380, and liability coverage is estimated at $460. Buying just liability costs approximately $510 a year, with insurance for high-risk drivers costing $2,638 or more. Teens pay the highest rates at $4,740 a year or more.
Average premium for full coverage: $1,218
Price estimates broken down by individual coverage:
Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all U.S. states and Corolla iM models.
Price Range from Low to High
For a driver around age 40, Toyota Corolla iM insurance prices go from the cheapest price of $510 for a discount liability-only rate to a high rate of $2,638 for a driver required to buy high-risk insurance.
Geographic Price Range
Living in a larger city has a large influence on car insurance rates. More rural locations have more infrequent collision claims than cities with more traffic congestion.
The graphic below illustrates the difference between rural and urban areas on insurance prices.
The ranges above demonstrate why all drivers should get quotes for a targeted area and their own driving history, rather than using averaged prices.
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.
Rates by State, City, and Model
The chart below details estimated Toyota Corolla iM insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $712
- Choosing higher $1,000 deductibles can save approximately $138 annually
- The average price for the average middle-age driver who has $500 deductibles is $1,218
- Selecting low deductibles for comp and collision coverage costs an extra $262 each year
- Drivers with serious driving violations could pay up to $2,638 or more
- The price to insure a teenage driver can cost as much as $4,740 each year
Insurance prices for a Toyota Corolla iM are also quite variable based on deductibles and policy limits, your driving record, and the model year and trim level.
Choosing higher comprehensive and collision insurance deductibles can save as much as $400 a year, whereas increasing liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 more each year. View Rates by Deductible or Liability Limit
More mature drivers with no violations or accidents and higher deductibles may only pay around $1,100 annually on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay at least $4,700 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you may be forking out $1,500 to $2,000 additional each year, depending on your age. Insurance for high-risk drivers ranges around 42% to 137% more than the average policy. View High Risk Driver Rates
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 Utah, Ohio, and New Hampshire, or have to pay at least $1,650 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,102 | -$116 | -9.5% |
| Alaska | $932 | -$286 | -23.5% |
| Arizona | $1,010 | -$208 | -17.1% |
| Arkansas | $1,218 | -$0 | 0.0% |
| California | $1,386 | $168 | 13.8% |
| Colorado | $1,164 | -$54 | -4.4% |
| Connecticut | $1,252 | $34 | 2.8% |
| Delaware | $1,378 | $160 | 13.1% |
| Florida | $1,522 | $304 | 25.0% |
| Georgia | $1,122 | -$96 | -7.9% |
| Hawaii | $874 | -$344 | -28.2% |
| Idaho | $824 | -$394 | -32.3% |
| Illinois | $906 | -$312 | -25.6% |
| Indiana | $916 | -$302 | -24.8% |
| Iowa | $820 | -$398 | -32.7% |
| Kansas | $1,156 | -$62 | -5.1% |
| Kentucky | $1,662 | $444 | 36.5% |
| Louisiana | $1,802 | $584 | 47.9% |
| Maine | $752 | -$466 | -38.3% |
| Maryland | $1,006 | -$212 | -17.4% |
| Massachusetts | $976 | -$242 | -19.9% |
| Michigan | $2,116 | $898 | 73.7% |
| Minnesota | $1,020 | -$198 | -16.3% |
| Mississippi | $1,458 | $240 | 19.7% |
| Missouri | $1,078 | -$140 | -11.5% |
| Montana | $1,308 | $90 | 7.4% |
| Nebraska | $962 | -$256 | -21.0% |
| Nevada | $1,462 | $244 | 20.0% |
| New Hampshire | $878 | -$340 | -27.9% |
| New Jersey | $1,362 | $144 | 11.8% |
| New Mexico | $1,078 | -$140 | -11.5% |
| New York | $1,284 | $66 | 5.4% |
| North Carolina | $700 | -$518 | -42.5% |
| North Dakota | $996 | -$222 | -18.2% |
| Ohio | $842 | -$376 | -30.9% |
| Oklahoma | $1,252 | $34 | 2.8% |
| Oregon | $1,116 | -$102 | -8.4% |
| Pennsylvania | $1,162 | -$56 | -4.6% |
| Rhode Island | $1,624 | $406 | 33.3% |
| South Carolina | $1,102 | -$116 | -9.5% |
| South Dakota | $1,028 | -$190 | -15.6% |
| Tennessee | $1,066 | -$152 | -12.5% |
| Texas | $1,468 | $250 | 20.5% |
| Utah | $900 | -$318 | -26.1% |
| Vermont | $834 | -$384 | -31.5% |
| Virginia | $730 | -$488 | -40.1% |
| Washington | $944 | -$274 | -22.5% |
| West Virginia | $1,116 | -$102 | -8.4% |
| Wisconsin | $842 | -$376 | -30.9% |
| Wyoming | $1,086 | -$132 | -10.8% |
Since prices can be so different, the best way to find out which car insurance is cheapest is to do a rate comparison and see how they stack up. Each auto insurer calculates prices differently, and prices may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2018 Toyota Corolla iM | $220 | $380 | $460 | $1,218 |
| 2017 Toyota Corolla iM | $206 | $350 | $460 | $1,174 |
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 More Affordable Toyota Corolla iM Insurance
Getting lower rates on auto insurance takes having a decent driving record, having above-average credit, avoid buying unnecessary coverage, and maximizing policy discounts. Set aside time to compare rates at every policy renewal by getting quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The following items are a summary of the data covered above.
- Consumers who want additional liability coverage will pay approximately $510 every year to raise limits from a low limit to a 250/500 level
- You may be able to save approximately $140 per year simply by quoting online in advance
- Increasing physical damage deductibles could save as much as $400 each year
- 16 to 18-year-old drivers are expensive to insure, costing up to $395 a month if full coverage is included
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,740 |
| 20 | $2,812 |
| 30 | $1,254 |
| 40 | $1,218 |
| 50 | $1,114 |
| 60 | $1,092 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,480 |
| $250 | $1,358 |
| $500 | $1,218 |
| $1,000 | $1,080 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,218 |
| 50/100 | $1,310 |
| 100/300 | $1,425 |
| 250/500 | $1,724 |
| 100 CSL | $1,356 |
| 300 CSL | $1,609 |
| 500 CSL | $1,793 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,724 |
| 20 | $4,484 |
| 30 | $2,680 |
| 40 | $2,638 |
| 50 | $2,522 |
| 60 | $2,500 |
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 | $64 |
| Multi-vehicle | $66 |
| Homeowner | $20 |
| 5-yr Accident Free | $84 |
| 5-yr Claim Free | $78 |
| Paid in Full/EFT | $51 |
| Advance Quote | $58 |
| Online Quote | $85 |
| Total Discounts | $506 |
Discounts are estimated and may not be available from every company or in every state.
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