Toyota Corolla iM Insurance Rates

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UPDATED: May 1, 2024

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U.S. average insurance rates for a Toyota Corolla iM are $1,268 a year with full coverage. Comprehensive costs approximately $230 each year, collision costs $424, and liability coverage is estimated at $456. Buying just liability costs approximately $508 a year, with insurance for high-risk drivers costing around $2,750. Teens pay the highest rates at $4,904 a year or more.

Average premium for full coverage: $1,268

Price estimates by individual coverage:

Comprehensive $230
Collision $424
Liability $456

Prices include $500 physical damage deductibles, liability limits of 30/60, 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 in their 40's, Toyota Corolla iM insurance prices go from the low end price of $508 for a discount liability-only rate to a high rate of $2,750 for a driver that may need high-risk insurance.

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

Geographic Price Range

Living in a larger city has a large influence on the price of insurance. Rural locations have lower incidents of collision claims than cities with more traffic congestion.

The graphic below illustrates how location helps determine auto insurance prices.

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

The ranges above demonstrate why all drivers should get quotes using their specific location, 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 additional coverage and risk scenarios.

  • The cheapest rate after discounts is $737
  • Choosing higher $1,000 deductibles can save $150 annually
  • The estimated price for the average middle-age driver who chooses $500 deductibles is $1,268
  • Selecting low deductibles for comp and collision coverage bumps up the cost to $1,554
  • Drivers with serious driving violations could pay around $2,750 or more
  • The price that insures a teenage driver can cost $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

Insurance prices for a Toyota Corolla iM are also quite variable based on the trim level and model year, your age and driving habits, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you may be forking out anywhere from $1,500 to $2,100 additional each year, depending on your age. Insurance for high-risk drivers ranges around 43% to 132% more than the average policy. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,200 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $4,900 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 $910 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,710 on average in New York, Michigan, and Florida.

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

Choosing higher comprehensive and collision insurance deductibles can save as much as $440 a year, whereas increasing liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $411 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to do a rate comparison and see how they stack up. Each auto insurer calculates prices differently, and prices may be quite different.

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 Right Toyota Corolla iM Insurance

Getting lower rates on auto insurance takes being a safe and courteous driver, having a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Compare rates once a year by obtaining price quotes from direct companies, and also from local insurance agencies.

Below is a quick rundown of the data that was covered in the charts and tables above.

  • You may be able to save around $150 per year simply by quoting online in advance
  • Consumers who purchase higher levels of liability will pay approximately $500 every year to raise limits from a low limit to the 250/500 level
  • Teenage drivers are the costliest to insure, costing up to $409 a month if comprehensive and collision insurance is included
  • Drivers with reckless driving or DUI convictions may have to pay on average $1,480 more per year for auto insurance

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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