Toyota Corolla Insurance Rates
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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 $1,298 a year with full coverage. Comprehensive insurance costs approximately $238 a year, collision costs $450, and liability is $452. Liability-only insurance costs around $504 a year, with high-risk driver insurance costing $2,820 or more. Teenage drivers pay the most at $4,998 a year or more.
Average premium for full coverage: $1,298
Premium estimates by type of coverage:
These estimates include $500 deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates include averaging for all U.S. states and Corolla trim levels.
Insurance Price Range by Risk and Coverage
For a 40-year-old driver, insurance rates for a Toyota Corolla go from the low end price of $504 for just liability insurance to a high of $2,820 for a driver that may need high-risk insurance.
Insurance Price Range by Location
Choosing to live in a large city can have significant affects on the price of insurance. Rural locations are statistically proven to have lower incidents of collision claims than densely populated cities.
The diagram below illustrates how your location can change auto insurance prices.
These rate differences demonstrate why it is important to compare rates quotes using their specific location, instead of using average rates.
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 insurance rates for additional coverage and risk scenarios.
- The best discount rate is $752
- Raising to $1,000 deductibles will save $1,142 annually
- The estimated price for a 40-year-old good driver who chooses $500 deductibles is $1,298
- Using low $100 deductibles will cost an additional $304 every year
- At-risk drivers who are prone to accidents and violations could pay around $2,820 or more
- An auto insurance policy that insures a teen driver can cost $4,998
Insurance prices for a Toyota Corolla also have a wide range based on the trim level of your Corolla, your age and driving habits, and physical damage deductibles and liability limits.
If you have a few violations or you caused an accident, you may be forking out anywhere from $1,600 to $2,200 additional annually, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 44% to 137% more than a normal policy. View High Risk Driver Rates
Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records should be prepared to pay 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 prices. A middle-age driver might find prices as low as $940 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,750 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,174 | -$124 | -9.6% |
| Alaska | $994 | -$304 | -23.4% |
| Arizona | $1,076 | -$222 | -17.1% |
| Arkansas | $1,298 | -$0 | 0.0% |
| California | $1,478 | $180 | 13.9% |
| Colorado | $1,240 | -$58 | -4.5% |
| Connecticut | $1,336 | $38 | 2.9% |
| Delaware | $1,468 | $170 | 13.1% |
| Florida | $1,624 | $326 | 25.1% |
| Georgia | $1,198 | -$100 | -7.7% |
| Hawaii | $932 | -$366 | -28.2% |
| Idaho | $878 | -$420 | -32.4% |
| Illinois | $966 | -$332 | -25.6% |
| Indiana | $976 | -$322 | -24.8% |
| Iowa | $876 | -$422 | -32.5% |
| Kansas | $1,232 | -$66 | -5.1% |
| Kentucky | $1,772 | $474 | 36.5% |
| Louisiana | $1,922 | $624 | 48.1% |
| Maine | $802 | -$496 | -38.2% |
| Maryland | $1,068 | -$230 | -17.7% |
| Massachusetts | $1,038 | -$260 | -20.0% |
| Michigan | $2,254 | $956 | 73.7% |
| Minnesota | $1,086 | -$212 | -16.3% |
| Mississippi | $1,554 | $256 | 19.7% |
| Missouri | $1,150 | -$148 | -11.4% |
| Montana | $1,392 | $94 | 7.2% |
| Nebraska | $1,024 | -$274 | -21.1% |
| Nevada | $1,556 | $258 | 19.9% |
| New Hampshire | $936 | -$362 | -27.9% |
| New Jersey | $1,450 | $152 | 11.7% |
| New Mexico | $1,150 | -$148 | -11.4% |
| New York | $1,368 | $70 | 5.4% |
| North Carolina | $748 | -$550 | -42.4% |
| North Dakota | $1,064 | -$234 | -18.0% |
| Ohio | $896 | -$402 | -31.0% |
| Oklahoma | $1,332 | $34 | 2.6% |
| Oregon | $1,188 | -$110 | -8.5% |
| Pennsylvania | $1,238 | -$60 | -4.6% |
| Rhode Island | $1,732 | $434 | 33.4% |
| South Carolina | $1,176 | -$122 | -9.4% |
| South Dakota | $1,096 | -$202 | -15.6% |
| Tennessee | $1,136 | -$162 | -12.5% |
| Texas | $1,566 | $268 | 20.6% |
| Utah | $960 | -$338 | -26.0% |
| Vermont | $890 | -$408 | -31.4% |
| Virginia | $778 | -$520 | -40.1% |
| Washington | $1,002 | -$296 | -22.8% |
| West Virginia | $1,188 | -$110 | -8.5% |
| Wisconsin | $900 | -$398 | -30.7% |
| Wyoming | $1,156 | -$142 | -10.9% |
Using high physical damage deductibles can reduce prices by up to $460 every year, while buying higher liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $407 more each year. View Rates by Deductible or Liability Limit
With such a large range in prices, the best way to find out who has the cheapest auto insurance prices is to get quotes and see which company has the best price. Every auto insurance company uses a different method to calculate prices, and prices will be substantially different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Toyota Corolla LE | $1,298 | $108 |
| Toyota Corolla S | $1,298 | $108 |
| Toyota Corolla XLE | $1,298 | $108 |
| Toyota Corolla XRS | $1,334 | $111 |
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.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2020 Toyota Corolla | $272 | $524 | $416 | $1,370 |
| 2019 Toyota Corolla | $262 | $502 | $430 | $1,352 |
| 2017 Toyota Corolla | $238 | $450 | $452 | $1,298 |
| 2016 Toyota Corolla | $230 | $424 | $456 | $1,268 |
| 2015 Toyota Corolla | $220 | $380 | $460 | $1,218 |
| 2014 Toyota Corolla | $206 | $350 | $460 | $1,174 |
| 2013 Toyota Corolla | $198 | $328 | $464 | $1,148 |
| 2012 Toyota Corolla | $194 | $306 | $474 | $1,132 |
| 2011 Toyota Corolla | $180 | $284 | $474 | $1,096 |
| 2010 Toyota Corolla | $174 | $258 | $478 | $1,068 |
| 2009 Toyota Corolla | $162 | $236 | $474 | $1,030 |
| 2008 Toyota Corolla | $152 | $214 | $474 | $998 |
| 2007 Toyota Corolla | $148 | $192 | $468 | $966 |
| 2006 Toyota Corolla | $146 | $188 | $460 | $952 |
| 2005 Toyota Corolla | $144 | $178 | $452 | $932 |
| 2004 Toyota Corolla | $132 | $170 | $446 | $906 |
| 2003 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 Cheap Toyota Corolla Insurance
Finding better rates on car insurance consists of not taking risks behind the wheel, having a good credit score, being claim-free, and qualifying for all possible discounts. Compare prices once a year by getting quotes from direct companies, and also from local insurance agencies.
The following is a brief summary of the data that was illustrated above.
- You may be able to save around $150 per year simply by quoting early and online
- Policyholders who purchase higher liability limits will pay an extra $500 every year to raise from 30/60 bodily injury limits to the 250/500 level
- Teens are the costliest to insure, possibly costing $417 per month if comprehensive and collision insurance is included
- Higher risk drivers that tend to have accidents or serious violations may have to pay on average $1,520 more per year for Corolla insurance
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 | $4,998 |
| 20 | $3,012 |
| 30 | $1,342 |
| 40 | $1,298 |
| 50 | $1,188 |
| 60 | $1,166 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,602 |
| $250 | $1,462 |
| $500 | $1,298 |
| $1,000 | $1,142 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,298 |
| 50/100 | $1,424 |
| 100/300 | $1,537 |
| 250/500 | $1,831 |
| 100 CSL | $1,470 |
| 300 CSL | $1,718 |
| 500 CSL | $1,899 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,112 |
| 20 | $4,800 |
| 30 | $2,870 |
| 40 | $2,820 |
| 50 | $2,696 |
| 60 | $2,674 |
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 | $68 |
| Multi-vehicle | $70 |
| Homeowner | $20 |
| 5-yr Accident Free | $93 |
| 5-yr Claim Free | $84 |
| Paid in Full/EFT | $57 |
| Advance Quote | $63 |
| Online Quote | $91 |
| Total Discounts | $546 |
Discounts are estimated and may not be available from every company or in every state.
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