Toyota Corolla iM Insurance Rates

Average insurance rates for a Toyota Corolla iM are $1,218 a year including full coverage. Comprehensive insurance costs around $220 each year, collision insurance costs $380, and liability is estimated at $460. A liability-only policy costs approximately $510 a year, and high-risk insurance costs $2,638 or more. Teenage drivers receive the highest rates at up to $4,740 a year.

Average premium for full coverage: $1,218

Rate estimates for individual coverage type:

Rate estimates include $500 deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and Corolla iM models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can make a big difference on the price of insurance. Areas with sparse population tend to have lower incidents of comprehensive and collision claims than densely populated cities. The graphic below illustrates how rural and urban location affects auto insurance rates.

These examples highlight why all drivers should get quotes for a specific zip code, instead of making a decision based on average rates.

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

Rate Comparisons

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

• The best discount rate is $712
• Choosing higher $1,000 deductibles can save about $138 every year
• The estimated price for a 40-year-old driver using $500 deductibles is $1,218
• Using low deductibles for comp and collision coverage will cost an additional $262 annually
• Higher-risk drivers who are prone to accidents and violations could pay at least $2,638
• The cost that insures a 16-year-old driver can be $4,740 each year

View Chart as Image

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

If you like to drive fast or you caused an accident, you are likely paying at least $1,500 to $2,000 extra per year, depending on your age. Insurance for high-risk drivers ranges from 42% to 137% more than a normal policy. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,100 annually on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records can expect to pay as much as $4,700 a year. View Rates by Age

Where you live plays a big part in determining prices for Toyota Corolla iM insurance prices. A good driver about age 40 could pay as low as $930 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,740 on average in Michigan, New York, and Louisiana.

View Chart as Image

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

How to Find the Best Toyota Corolla iM Insurance

Saving money on insurance for a Toyota Corolla iM takes not taking risks behind the wheel, having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Compare prices at every policy renewal by quoting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following is a brief recap of the data raised in the charts and tables above.

• Insureds who may need higher liability limits will pay an extra $510 per year to raise limits from a minimum limit to the 250/500 level
• You may be able to save up to $140 per year just by quoting online in advance
• Increasing deductibles can save approximately $400 each year
• Teens pay higher rates, as much as $395 per month if full coverage is included