Toyota Corolla iM Insurance Rates

Estimated insurance rates for a Toyota Corolla iM are $1,218 a year for full coverage. Comprehensive costs an estimated $220, collision insurance costs $380, and liability coverage costs around $460. A policy with only liability insurance costs as low as $510 a year, and a high-risk policy costs around $2,638. 16-year-old drivers pay the most at up to $4,740 a year.

Average premium for full coverage: $1,218

Premium estimates broken down by type of coverage:

Prices include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all states and for different Corolla iM trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on insurance rates. More rural locations are statistically proven to have lower incidents of accident claims than congested cities. The price range example below illustrates the effect of geographic area on insurance prices.

These rate differences show why anyone shopping for car insurance should compare prices for a targeted area, rather than using rate averages.

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

Rate Comparisons

The chart below shows average Toyota Corolla iM insurance rates for other coverage scenarios.

• The best full coverage rate is $712
• Using higher $1,000 deductibles will save approximately $138 a year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,218
• Buying more expensive low deductibles for physical damage coverage bumps up the cost to $1,480
• Higher-risk drivers with multiple tickets or accidents could pay up to $2,638
• An auto insurance policy that insures a teenage driver with full coverage can cost as much as $4,740 or more

View Chart as Image

Car insurance prices for a Toyota Corolla iM also have a wide range based on the model year and trim level, how you drive, and liability limits and deductibles.

If you have a few violations or you caused an accident, you could be paying $1,500 to $2,000 extra annually, depending on your age. High-risk driver insurance can be around 42% to 137% more than the average rate. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may only pay around $1,100 a year, or $92 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged at least $4,700 a year. View Rates by Age

Where you choose to live has a huge impact on Toyota Corolla iM insurance rates. A driver around age 40 might see prices as low as $800 a year in states like Iowa, Maine, and Idaho, or at least $1,740 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $400 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

How to Find the Right Toyota Corolla iM Insurance

Finding better rates on auto insurance requires having a decent driving record, having a positive credit history, not filing small claims, and possibly higher deductibles. Comparison shop at every policy renewal by getting rate quotes from direct carriers, and also from your local independent and exclusive agents.

The following items are a quick rundown of the data covered in the above illustrations.

• Consumers who want additional liability coverage will pay around $510 each year to increase from 30/60 bodily injury limits to the 250/500 level
• Drivers can save approximately $140 per year just by shopping early and online
• Increasing policy deductibles can save approximately $400 each year
• 16 to 18-year-old drivers have the highest car insurance prices, as much as $395 per month if full coverage is purchased