Toyota Corolla Insurance Rates

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Merriya Valleri

Insurance and Finance Writer

Merriya Valleri is a skilled insurance writer with over a decade of professional writing experience. Merriya has a strong desire to make understanding insurance an easy task while providing readers with accurate and up-to-date information. Merriya has written articles focusing on health, life, and auto insurance. She enjoys working in the insurance field, and is constantly learning in order to ...

Insurance and Finance Writer

UPDATED: Jun 6, 2023

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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.

Estimated insurance rates for a Toyota Corolla are $1,268 a year for full coverage. Comprehensive costs approximately $230 each year, collision insurance costs $424, and liability insurance is $456. A policy with only liability insurance costs around $508 a year, and a high-risk policy costs around $2,750. 16-year-old drivers pay the most at up to $4,904 a year.

Average premium for full coverage: $1,268

Premium estimates by type of coverage:

Comprehensive $230
Collision $424
Liability $456

Rate estimates include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all states and Corolla models.

Insurance Price Range by Risk and Coverage

For an average driver, insurance rates for a Toyota Corolla range from the low end price of $508 for basic liability insurance to a high rate of $2,750 for a driver who requires high-risk insurance.

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

Insurance Price Range by Location

Choosing to live in a large city has a significant impact on car insurance rates. Rural locations are statistically proven to have lower incidents of accident claims than congested cities. The graphic below illustrates the effect of geographic area on auto insurance prices.

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

These rate differences show why all drivers should compare rates quotes using their specific location, rather than relying on 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.

Rate Comparisons

The chart below shows average Toyota Corolla insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $737
  • Raising to $1,000 deductibles will save $150 a year
  • The estimated price for a 40-year-old good driver who chooses $500 deductibles is $1,268
  • Buying low deductibles bumps up the cost to $1,554
  • Higher-risk drivers with multiple tickets or accidents could pay around $2,750
  • An auto insurance policy that insures a teen driver can cost $4,904

View Chart as Image

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

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

If you have a few violations or you caused an accident, you could be paying anywhere from $1,500 to $2,100 extra annually, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 132% more than the average rate. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged in the ballpark of $4,900 a year. View Rates by Age

Where you choose to live also has a big influence on Toyota Corolla insurance rates. A middle-age driver might find prices as low as $840 a year in states like Iowa, Maine, and Idaho, or at least $1,810 on average in New York, Louisiana, and Michigan.

Toyota Corolla 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 insurance rates by U.S. city

Opting for high physical damage deductibles can reduce prices by up to $440 each year, whereas increasing liability limits will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $411 extra every 12 months. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

Toyota Corolla Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Corolla LE $1,268 $106
Toyota Corolla S $1,268 $106
Toyota Corolla XLE $1,268 $106
Toyota Corolla XRS $1,300 $108

Rates assume 2017 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.

Toyota Corolla Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Toyota Corolla $262 $502 $430 $1,352
2019 Toyota Corolla $248 $484 $442 $1,332
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
2004 Toyota Corolla $126 $162 $442 $888

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 the Best Toyota Corolla Insurance

Finding better rates on Toyota Corolla insurance consists of avoiding accidents and violations, having a positive credit history, not filing small claims, and attention to physical damage deductibles. Comparison shop at every other renewal by getting rate quotes from direct carriers, and also from insurance agencies where you live.

The list below is a brief recap of the concepts that were covered in the above illustrations.

  • High-risk drivers who tend to receive serious violations could be forced to pay on average $1,480 more per year for car insurance
  • Teenagers pay the highest auto insurance prices, as much as $409 per month if full coverage is purchased
  • Drivers can save around $150 per year just by quoting online in advance
  • Increasing policy deductibles can save approximately $425 each year
  • Drivers can save around $150 per year just by quoting online in advance

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.

Toyota Corolla Crash Test Ratings
Vehicle TestedOverallFrontalSideRollover
2020 Toyota Corolla Hybrid 4 DR FWD5 stars5 stars5 stars4 stars
2020 Toyota Corolla 5 HB FWD5 stars5 stars5 stars4 stars
2020 Toyota Corolla 4 DR FWD5 stars5 stars5 stars4 stars
2019 Toyota Corolla 5 HB FWD5 stars5 stars5 stars4 stars
2019 Toyota Corolla 4 DR FWD5 stars4 stars5 stars4 stars
2018 Toyota Corolla IM 5 HB FWDN/RN/RN/RN/R
2018 Toyota Corolla 4 DR FWD5 stars4 stars5 stars4 stars
2017 Toyota Corolla 4 DR FWD5 stars4 stars5 stars4 stars
2016 Toyota Corolla 4 DR FWD5 stars5 stars5 stars4 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.

Toyota Corolla Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Collision33%
Property Damage11%
Comprehensive-6%
Personal Injury56%
Medical Payment58%
Bodily Injury28%
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

  1. https://www.iihs.org/ratings/vehicle/toyota/corolla-4-door-sedan/2020
  2. https://www.nhtsa.gov/ratings

Rates by Driver Age

Toyota Corolla 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 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 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,268
50/100 $1,391
100/300 $1,505
250/500 $1,802
100 CSL $1,437
300 CSL $1,688
500 CSL $1,870

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Corolla 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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