Toyota Corolla Insurance Rates
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UPDATED: Apr 8, 2024
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What is the cost to insure a Toyota Corolla? The average Toyota Corolla insurance rates are $1,400 a year, or $116 a month. Some people might be asking, “why is a Toyota Corolla so expensive to insure?” One contributing factor is its theft rate.
Read on to learn what you can do to save on Toyota Corolla insurance rates.
Ready to start shopping for everything from 2004 Toyota Corolla insurance rates to 2019 Toyota Corolla insurance rates? Before you buy Toyota Corolla car insurance, make sure to compare rates from multiple insurance companies.
Enter your ZIP code in our free tool to get started on finding the best Toyota Corolla insurance cost. We’ll point you to affordable Toyota Corolla car insurance quotes in your area.
U.S. average insurance rates for a Toyota Corolla are $1,384 a year for full coverage. Comprehensive costs an estimated $294, collision costs $542, and liability costs $390. Buying just liability costs as little as $452 a year, with insurance for high-risk drivers costing around $2,992. Teens pay the highest rates at $5,148 a year or more.
Average premium for full coverage: $1,384
Price estimates broken down by individual coverage:
Full coverage includes $500 policy deductibles, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all states and for different Corolla trim levels.
Price Range from Low to High
For the average driver, Toyota Corolla insurance prices go from as low as $452 for your basic liability-only policy to a much higher rate of $2,992 for a driver that may need high-risk insurance.
Geographic Price Range
Your location can have significant affects on insurance rates. More rural locations have a lower frequency of accident claims than cities with more traffic congestion.
The price range example below illustrates how location impacts insurance prices.
The ranges above show why anyone shopping for car insurance should compare rates for a targeted area and risk profile, instead of 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.
More Rate Information
The chart below shows estimated Toyota Corolla insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $795
- Drivers who choose higher $1,000 deductibles will pay approximately $190 a year
- The average rate for the average middle-age driver who has $500 deductibles is $1,384
- Selecting more expensive low deductibles for comprehensive and collision insurance will increase the cost to $1,750
- Higher-risk drivers with serious driving violations could pay up to $2,992 or more
- The price for full coverage for a teen driver with full coverage can cost as much as $5,148 a year
Insurance prices for a Toyota Corolla are also quite variable based on your driving record, the trim level of your Corolla, and liability limits and deductibles.
An older driver with no violations or accidents and high deductibles may pay as little as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, where even good drivers should be prepared to pay at least $5,100 a year. View Rates by Age
The state you live in makes a big difference in Toyota Corolla insurance prices. A 40-year-old driver could pay as low as $910 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,970 on average in New York, Louisiana, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,250 | -$134 | -9.7% |
| Alaska | $1,060 | -$324 | -23.4% |
| Arizona | $1,148 | -$236 | -17.1% |
| Arkansas | $1,384 | -$0 | 0.0% |
| California | $1,574 | $190 | 13.7% |
| Colorado | $1,320 | -$64 | -4.6% |
| Connecticut | $1,422 | $38 | 2.7% |
| Delaware | $1,566 | $182 | 13.2% |
| Florida | $1,730 | $346 | 25.0% |
| Georgia | $1,278 | -$106 | -7.7% |
| Hawaii | $992 | -$392 | -28.3% |
| Idaho | $934 | -$450 | -32.5% |
| Illinois | $1,030 | -$354 | -25.6% |
| Indiana | $1,042 | -$342 | -24.7% |
| Iowa | $934 | -$450 | -32.5% |
| Kansas | $1,314 | -$70 | -5.1% |
| Kentucky | $1,886 | $502 | 36.3% |
| Louisiana | $2,048 | $664 | 48.0% |
| Maine | $854 | -$530 | -38.3% |
| Maryland | $1,140 | -$244 | -17.6% |
| Massachusetts | $1,106 | -$278 | -20.1% |
| Michigan | $2,404 | $1,020 | 73.7% |
| Minnesota | $1,156 | -$228 | -16.5% |
| Mississippi | $1,656 | $272 | 19.7% |
| Missouri | $1,226 | -$158 | -11.4% |
| Montana | $1,486 | $102 | 7.4% |
| Nebraska | $1,092 | -$292 | -21.1% |
| Nevada | $1,658 | $274 | 19.8% |
| New Hampshire | $996 | -$388 | -28.0% |
| New Jersey | $1,546 | $162 | 11.7% |
| New Mexico | $1,226 | -$158 | -11.4% |
| New York | $1,458 | $74 | 5.3% |
| North Carolina | $796 | -$588 | -42.5% |
| North Dakota | $1,132 | -$252 | -18.2% |
| Ohio | $956 | -$428 | -30.9% |
| Oklahoma | $1,422 | $38 | 2.7% |
| Oregon | $1,268 | -$116 | -8.4% |
| Pennsylvania | $1,320 | -$64 | -4.6% |
| Rhode Island | $1,846 | $462 | 33.4% |
| South Carolina | $1,254 | -$130 | -9.4% |
| South Dakota | $1,166 | -$218 | -15.8% |
| Tennessee | $1,212 | -$172 | -12.4% |
| Texas | $1,668 | $284 | 20.5% |
| Utah | $1,024 | -$360 | -26.0% |
| Vermont | $946 | -$438 | -31.6% |
| Virginia | $828 | -$556 | -40.2% |
| Washington | $1,068 | -$316 | -22.8% |
| West Virginia | $1,268 | -$116 | -8.4% |
| Wisconsin | $958 | -$426 | -30.8% |
| Wyoming | $1,234 | -$150 | -10.8% |
Choosing higher comprehensive and collision insurance deductibles could save up to $560 every year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $351 more each year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you could be paying $1,600 to $2,200 additional each year, depending on your age. High-risk driver insurance can cost as much as 43% to 129% more than the average policy. View High Risk Driver Rates
Since prices can be so different, the only way to know which car insurance is cheapest is to compare prices and see which company has the best price. Every company calculates prices differently, and prices may be quite different from one company to the next.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Toyota Corolla LE | $1,384 | $115 |
| Toyota Corolla S | $1,384 | $115 |
| Toyota Corolla XLE | $1,384 | $115 |
| Toyota Corolla XRS | $1,424 | $119 |
Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Toyota Corolla | $308 | $562 | $372 | $1,400 |
| 2023 Toyota Corolla | $294 | $542 | $390 | $1,384 |
| 2022 Toyota Corolla | $282 | $536 | $398 | $1,374 |
| 2021 Toyota Corolla | $272 | $524 | $416 | $1,370 |
| 2020 Toyota Corolla | $262 | $502 | $430 | $1,352 |
| 2019 Toyota Corolla | $248 | $484 | $442 | $1,332 |
| 2018 Toyota Corolla | $238 | $450 | $452 | $1,298 |
| 2017 Toyota Corolla | $230 | $424 | $456 | $1,268 |
| 2016 Toyota Corolla | $220 | $380 | $460 | $1,218 |
| 2015 Toyota Corolla | $206 | $350 | $460 | $1,174 |
| 2014 Toyota Corolla | $198 | $328 | $464 | $1,148 |
| 2013 Toyota Corolla | $194 | $306 | $474 | $1,132 |
| 2012 Toyota Corolla | $180 | $284 | $474 | $1,096 |
| 2011 Toyota Corolla | $174 | $258 | $478 | $1,068 |
| 2010 Toyota Corolla | $162 | $236 | $474 | $1,030 |
| 2009 Toyota Corolla | $152 | $214 | $474 | $998 |
| 2008 Toyota Corolla | $148 | $192 | $468 | $966 |
| 2007 Toyota Corolla | $146 | $188 | $460 | $952 |
| 2006 Toyota Corolla | $144 | $178 | $452 | $932 |
| 2005 Toyota Corolla | $132 | $170 | $446 | $906 |
Rates are averaged for all Toyota Corolla 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 More Affordable Toyota Corolla Insurance
Getting lower rates on car insurance not only requires being a good driver, but also having a good credit history, eliminating unnecessary coverage, and maximizing policy discounts. Spend time shopping around once a year by obtaining price quotes from direct carriers like Progressive and GEICO, and also from local independent and exclusive agents.
The following list is a summary of the data that was touched on above.
- Drivers can save approximately $170 per year simply by shopping early and online
- Policyholders who want an increased level of liability coverage will pay approximately $430 each year to go from a low limit to 250/500 limits
- Drivers age 16 to 20 are expensive to insure, with premiums as much as $429 a month including comprehensive and collision insurance
- Higher risk drivers who have multiple accidents or major violations pay an average of $1,610 more annually than a safer driver
Shopping for rates will help you save on multiple model years, such as 2020, 2016, 2015, 2014, or 2006 Toyota Corolla insurance rates, as well as every model year over the last decade or two.
So if you are looking for 2013 or 2017 Toyota Corolla insurance costs or Toyota Corolla 2020 insurance costs, start by getting quotes. Enter your ZIP code in our free tool below to get started.
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What are the safety ratings of the Toyota Corolla?
Safety ratings and features help lower the cost of Toyota Corolla insurance. The Toyota Corolla has various airbags, brake assist, electronic stability control, lane departure warning, lane-keeping assist, and many other safety features.
The Insurance Institute for Highway Safety (IIHS) gave the 2020 Toyota Corolla sedan a 2020 Top Safety Pick award because of its safety ratings (below).
- Small overlap front (driver-side): Good
- Small overlap front (passenger-side): Good
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
Watch the video below for an example of one of the safety tests on the Toyota Corolla.
Keep in mind that sometimes ratings will vary depending on the year and build, so the Toyota Corolla 2017 insurance cost may be slightly different than the 2019 Toyota Corolla hatchback insurance cost. However, a good safety rating on one build and year generally means a brand is good regardless of the year and build.
Toyota Corolla Crash Tests
Good Toyota Corolla crash tests mean better rates. Take a look at the crash test ratings below.
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2020 Toyota Corolla Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Toyota Corolla 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Toyota Corolla 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2018 Toyota Corolla IM 5 HB FWD | N/R | N/R | N/R | N/R |
| 2018 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2017 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2016 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
With multiple 5-star and 4-star ratings, the Toyota Corolla did well.
Toyota Corolla Insurance Loss Probability
If a car has a low insurance loss probability, then it will also have low insurance rates. Likewise, a high insurance loss probability means high rates. Take a look a the table below to see insurance loss probabilities for Toyota Corolla coverages.
| Insurance Coverage Category | Loss Rate |
|---|---|
| Collision | 33% |
| Property Damage | 11% |
| Comprehensive | -6% |
| Personal Injury | 56% |
| Medical Payment | 58% |
| Bodily Injury | 28% |
| Source: Insurance Institute for Highway Safety | |
Comprehensive insurance should be the cheapest coverage for a Toyota Corolla, as it has the lowest insurance loss probability.
Toyota Corolla Compared Against Other Vehicles in the Same Class
The Toyota Corolla is a small car, which usually means it can’t do as much damage to other vehicles. However, the IIHS rated the liability losses for the Toyota Corolla’s bodily injury liability as substantially worse than average, which can raise rates. The property damage liability losses for the Toyota Corolla are average.
The list below is of other small cars, so you can compare their rates to the Toyota Corolla’s insurance rates.
Ready to start shopping for insurance for your Toyota Corolla? Whether you want to find Toyota Corolla hatchback insurance or Toyota Corolla SA prices, enter your ZIP code in our free tool to start comparison shopping. Get quotes from multiple Toyota Corolla car insurance companies to find one that fits your needs.
References
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,148 |
| 20 | $3,196 |
| 30 | $1,442 |
| 40 | $1,384 |
| 50 | $1,264 |
| 60 | $1,238 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,750 |
| $250 | $1,580 |
| $500 | $1,384 |
| $1,000 | $1,194 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,384 |
| 50/100 | $1,502 |
| 100/300 | $1,600 |
| 250/500 | $1,853 |
| 100 CSL | $1,541 |
| 300 CSL | $1,756 |
| 500 CSL | $1,912 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,348 |
| 20 | $5,084 |
| 30 | $3,058 |
| 40 | $2,992 |
| 50 | $2,854 |
| 60 | $2,830 |
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 | $74 |
| Multi-vehicle | $72 |
| Homeowner | $20 |
| 5-yr Accident Free | $103 |
| 5-yr Claim Free | $89 |
| Paid in Full/EFT | $64 |
| Advance Quote | $69 |
| Online Quote | $98 |
| Total Discounts | $589 |
Discounts are estimated and may not be available from every company or in every state.
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