Toyota Corolla iM Insurance Rates

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UPDATED: May 1, 2024

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The average insurance rates for a Toyota Corolla iM are $1,268 a year with full coverage. Comprehensive costs around $230, collision costs $424, and liability is estimated at $456. A liability-only policy costs approximately $508 a year, with high-risk insurance costing around $2,750. 16-year-old drivers cost the most to insure at $4,904 a year or more.

Average premium for full coverage: $1,268

Policy rates for type of insurance:

Comprehensive $230
Collision $424
Liability $456

Includes $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all U.S. states and for all Corolla iM models.

Price Range Variability

For a 40-year-old driver, Toyota Corolla iM insurance rates go from the low end price of $508 for just liability insurance to the much higher price of $2,750 for a driver who has had serious violations or accidents.

Liability Only $508
Full Coverage $1,268
High Risk $2,750

Urban vs. Rural Price Range

Living in a larger city can have significant affects on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than congested cities.

The example below illustrates how your location can change auto insurance rates.

Rural Areas $951
Small Cities $1,331
Large Cities $1,712

The examples above demonstrate why everyone should get quotes for a specific zip code, 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.

More Rate Details

The chart below details estimated Toyota Corolla iM insurance rates for additional coverage choices and driver risks.

  • The best full coverage rate is $737
  • Choosing higher $1,000 deductibles can save about $150 annually
  • The estimated price for a good driver age 40 using $500 deductibles is $1,268
  • Buying pricier low deductibles for comp and collision coverage bumps up the cost to $1,554
  • Unlucky drivers with multiple tickets or accidents could pay at least $2,750 or more
  • Policy cost that insures a teen driver for full coverage can be $4,904 each year

View Chart as Image

Toyota Corolla iM insurance cost comparison chart
Column chart showing full coverage Toyota Corolla iM insurance rates range from $737 to $4,904

Car insurance rates for a Toyota Corolla iM also range considerably based on the model of your Corolla iM, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $1,500 to $2,100 extra every year, depending on your age. Toyota Corolla iM insurance for high-risk drivers ranges as much as 43% to 132% more than the average rate. View High Risk Driver Rates

A more mature driver with no driving violations and higher comprehensive and collision deductibles may pay as little as $1,200 annually on average, or $100 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will be charged as much as $4,900 a year. View Rates by Age

Your home state plays a big part in determining prices for Toyota Corolla iM insurance prices. A good driver about age 40 could pay as low as $910 a year in states like New Hampshire, Ohio, and Utah, or at least $1,710 on average in Florida, Michigan, and New York.

Toyota Corolla iM Insurance Rates by State
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%

View Chart as Image

Toyota Corolla iM insurance rates by U.S. city

Opting for high physical damage deductibles can save as much as $440 every year, whereas buying more liability protection will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $411 extra every 12 months. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out your exact price is to regularly compare rates and see which company has the best rate. Each auto insurer utilizes a different rate formula, so rate quotes will be varied.

Toyota Corolla iM Insurance Rates by Model Year
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 Find the Cheapest Toyota Corolla iM Insurance

Finding cheaper rates on car insurance takes avoiding accidents and violations, having a positive credit history, not filing small claims, and qualifying for all possible discounts. Comparison shop every other policy renewal by getting rate quotes from direct companies, and also from your local independent and exclusive agents.

The list below is a recap of the ideas that were illustrated above.

  • Teenagers are the costliest to insure, as much as $409 each month if full coverage is purchased
  • Higher risk drivers that have major violations or accidents may pay on average $1,480 more every year for car insurance
  • Increasing comprehensive and collision deductibles can save approximately $425 each year
  • You may be able to save up to $150 per year simply by quoting online well ahead of the renewal date

Rates by Driver Age

Toyota Corolla iM Insurance 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

Toyota Corolla iM Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,554
$250 $1,420
$500 $1,268
$1,000 $1,118

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla iM Insurance Rates with Different Liability Limits
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

Toyota Corolla iM Insurance 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.

SR-22 Surcharge $178

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
Rate after discounts $737

Discounts are estimated and may not be available from every company or in every state.

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