Toyota Corolla Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Apr 19, 2022

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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.

Average insurance rates for a Toyota Corolla are $1,332 a year for full coverage. Comprehensive costs on average $248 a year, collision costs $484, and liability insurance costs $442. A liability-only policy costs as little as $496 a year, with high-risk insurance costing around $2,902. Teen drivers receive the highest rates at $5,110 a year or more.

Average premium for full coverage: $1,332

Rate estimates by individual coverage type:

Comprehensive $248
Collision $484
Liability $442

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Corolla trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $496 for only liability insurance to a high of $2,902 for a high risk driver.

Liability Only $496
Full Coverage $1,332
High Risk $2,902

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $999
Small Cities $1,399
Large Cities $1,798

These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price 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.

Insurance Rate Analysis

The chart below shows estimated Toyota Corolla insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $767
  • Drivers who choose higher $1,000 deductibles will pay around $1,166 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,332
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,656
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,902 or more
  • The cost for full coverage for a teen driver may cost $5,110 a year

View Chart as Image

Toyota Corolla insurance cost comparison chart
Column chart showing full coverage Toyota Corolla insurance rates range from $767 to $5,110

for a Toyota Corolla can also vary considerably based on your driver profile, the trim level of your Corolla, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $1,200 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $5,100 a year. View Rates by Age

Where you live makes a big difference in Toyota Corolla insurance rates. A 40-year-old driver could pay as low as $880 a year in states like Idaho, Maine, and Iowa, or as much as $1,900 on average in Michigan, Louisiana, and New York.

Toyota Corolla Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,206 -$126 -9.5%
Alaska $1,024 -$308 -23.1%
Arizona $1,108 -$224 -16.8%
Arkansas $1,332 -$0 0.0%
California $1,518 $186 14.0%
Colorado $1,274 -$58 -4.4%
Connecticut $1,372 $40 3.0%
Delaware $1,508 $176 13.2%
Florida $1,668 $336 25.2%
Georgia $1,232 -$100 -7.5%
Hawaii $958 -$374 -28.1%
Idaho $902 -$430 -32.3%
Illinois $992 -$340 -25.5%
Indiana $1,006 -$326 -24.5%
Iowa $900 -$432 -32.4%
Kansas $1,268 -$64 -4.8%
Kentucky $1,818 $486 36.5%
Louisiana $1,976 $644 48.3%
Maine $822 -$510 -38.3%
Maryland $1,100 -$232 -17.4%
Massachusetts $1,068 -$264 -19.8%
Michigan $2,318 $986 74.0%
Minnesota $1,116 -$216 -16.2%
Mississippi $1,598 $266 20.0%
Missouri $1,182 -$150 -11.3%
Montana $1,432 $100 7.5%
Nebraska $1,052 -$280 -21.0%
Nevada $1,598 $266 20.0%
New Hampshire $960 -$372 -27.9%
New Jersey $1,492 $160 12.0%
New Mexico $1,180 -$152 -11.4%
New York $1,406 $74 5.6%
North Carolina $766 -$566 -42.5%
North Dakota $1,092 -$240 -18.0%
Ohio $922 -$410 -30.8%
Oklahoma $1,368 $36 2.7%
Oregon $1,222 -$110 -8.3%
Pennsylvania $1,272 -$60 -4.5%
Rhode Island $1,780 $448 33.6%
South Carolina $1,206 -$126 -9.5%
South Dakota $1,126 -$206 -15.5%
Tennessee $1,170 -$162 -12.2%
Texas $1,606 $274 20.6%
Utah $988 -$344 -25.8%
Vermont $912 -$420 -31.5%
Virginia $798 -$534 -40.1%
Washington $1,032 -$300 -22.5%
West Virginia $1,222 -$110 -8.3%
Wisconsin $924 -$408 -30.6%
Wyoming $1,190 -$142 -10.7%

View Chart as Image

Toyota Corolla insurance rates by U.S. city

Choosing high deductibles could save up to $490 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $398 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,600 to $2,200 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 43% to 134% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

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 $1,332 $111
Toyota Corolla S $1,332 $111
Toyota Corolla XLE $1,332 $111
Toyota Corolla XRS $1,372 $114

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 $282 $536 $398 $1,374
2019 Toyota Corolla $272 $524 $416 $1,370
2017 Toyota Corolla $248 $484 $442 $1,332
2016 Toyota Corolla $238 $450 $452 $1,298
2015 Toyota Corolla $230 $424 $456 $1,268
2014 Toyota Corolla $220 $380 $460 $1,218
2013 Toyota Corolla $206 $350 $460 $1,174
2012 Toyota Corolla $198 $328 $464 $1,148
2011 Toyota Corolla $194 $306 $474 $1,132
2010 Toyota Corolla $180 $284 $474 $1,096
2009 Toyota Corolla $174 $258 $478 $1,068
2008 Toyota Corolla $162 $236 $474 $1,030
2007 Toyota Corolla $152 $214 $474 $998
2006 Toyota Corolla $148 $192 $468 $966
2005 Toyota Corolla $146 $188 $460 $952
2004 Toyota Corolla $144 $178 $452 $932
2003 Toyota Corolla $132 $170 $446 $906
2002 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 Cheaper Toyota Corolla Insurance

Saving money on Toyota Corolla insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $500 each year
  • Drivers can save as much as $160 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $490 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $426 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $1,570 more each year for 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.

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
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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
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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 $5,110
20 $3,100
30 $1,382
40 $1,332
50 $1,220
60 $1,198

Full coverage, $500 deductibles

Rates by Deductible

Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,656
$250 $1,506
$500 $1,332
$1,000 $1,166

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,332
50/100 $1,460
100/300 $1,571
250/500 $1,858
100 CSL $1,505
300 CSL $1,748
500 CSL $1,925

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $7,276
20 $4,944
30 $2,956
40 $2,902
50 $2,772
60 $2,748

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 $189

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $70
Multi-vehicle $72
Homeowner $21
5-yr Accident Free $97
5-yr Claim Free $86
Paid in Full/EFT $59
Advance Quote $66
Online Quote $94
Total Discounts $565
Rate after discounts $767

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

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