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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...

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UPDATED: Apr 9, 2020

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Toyota Corolla insurance

Average insurance prices for a Toyota Corolla are $1,400 every 12 months for full coverage. Comprehensive costs on average $308 a year, collision costs $562, and liability insurance costs around $372. Liability-only coverage costs as low as $438 a year, with high-risk coverage costing around $3,030. Teenage drivers receive the highest rates at $5,174 a year or more.

Average premium for full coverage: $1,400

Rate estimates by individual coverage type:

Comprehensive $308
Collision $562
Liability $372

Prices include $500 deductible amounts, 30/60 liability coverage, and includes uninsured motorist and medical coverage. Rates are averaged for all states and Corolla trim levels.

Price Range by Coverage and Risk

Using a 40-year-old driver as an example, prices range go from the cheapest price of $438 for the bare minimum liability coverage to a high of $3,030 for a policy for a high-risk driver.

Liability Only $438
Full Coverage $1,400
High Risk $3,030

Price Range by Location

Where you live has a significant impact on car insurance rates. Rural areas tend to have more infrequent accident claims than densely populated cities.

The diagram below illustrates how rural and urban location affects car insurance rates.

Rural Areas $1,050
Small Cities $1,470
Large Cities $1,890

These examples show why it is important to compare prices based on a specific location and their own driving history, rather than relying on 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.

Additional Rate Information

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

  • The best discount rate is $804
  • Using higher $1,000 deductibles will save around $1,204 a year
  • The average price for a 40-year-old driver with $500 deductibles is $1,400
  • Using low $100 deductibles for physical damage coverage increases the price to $1,786
  • Drivers who are prone to accidents and violations could pay upwards of $3,030 or more
  • The cost to insure a teen driver may cost $5,174 or more

View Chart as Image

Toyota Corolla insurance cost comparison chart
Column chart showing full coverage Toyota Corolla insurance rates range from $804 to $5,174

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

Using high physical damage deductibles could cut rates by as much as $590 each year, while buying higher liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will cost as much as $335 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles could pay as little as $1,300 a year for full coverage. Rates are much higher for teen drivers, since even excellent drivers will be charged upwards of $5,100 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you could be paying at a minimum $1,700 to $2,300 extra per year, depending on your age. A high-risk auto insurance policy can be anywhere from 44% to 136% more than a normal policy. View High Risk Driver Rates

Where you live has a huge impact on Toyota Corolla insurance rates. A driver around age 40 might see rates as low as $920 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,000 on average in Michigan, Louisiana, and New York.

Toyota Corolla Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,266 -$134 -9.6%
Alaska $1,076 -$324 -23.1%
Arizona $1,164 -$236 -16.9%
Arkansas $1,400 -$0 0.0%
California $1,596 $196 14.0%
Colorado $1,340 -$60 -4.3%
Connecticut $1,440 $40 2.9%
Delaware $1,586 $186 13.3%
Florida $1,754 $354 25.3%
Georgia $1,294 -$106 -7.6%
Hawaii $1,008 -$392 -28.0%
Idaho $948 -$452 -32.3%
Illinois $1,046 -$354 -25.3%
Indiana $1,054 -$346 -24.7%
Iowa $946 -$454 -32.4%
Kansas $1,332 -$68 -4.9%
Kentucky $1,912 $512 36.6%
Louisiana $2,076 $676 48.3%
Maine $866 -$534 -38.1%
Maryland $1,156 -$244 -17.4%
Massachusetts $1,122 -$278 -19.9%
Michigan $2,434 $1,034 73.9%
Minnesota $1,174 -$226 -16.1%
Mississippi $1,678 $278 19.9%
Missouri $1,244 -$156 -11.1%
Montana $1,504 $104 7.4%
Nebraska $1,106 -$294 -21.0%
Nevada $1,680 $280 20.0%
New Hampshire $1,010 -$390 -27.9%
New Jersey $1,566 $166 11.9%
New Mexico $1,240 -$160 -11.4%
New York $1,476 $76 5.4%
North Carolina $808 -$592 -42.3%
North Dakota $1,146 -$254 -18.1%
Ohio $966 -$434 -31.0%
Oklahoma $1,440 $40 2.9%
Oregon $1,284 -$116 -8.3%
Pennsylvania $1,338 -$62 -4.4%
Rhode Island $1,868 $468 33.4%
South Carolina $1,270 -$130 -9.3%
South Dakota $1,182 -$218 -15.6%
Tennessee $1,228 -$172 -12.3%
Texas $1,688 $288 20.6%
Utah $1,038 -$362 -25.9%
Vermont $958 -$442 -31.6%
Virginia $840 -$560 -40.0%
Washington $1,084 -$316 -22.6%
West Virginia $1,284 -$116 -8.3%
Wisconsin $972 -$428 -30.6%
Wyoming $1,250 -$150 -10.7%

View Chart as Image

Toyota Corolla insurance rates by U.S. city

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. Each insurance company uses a different method to calculate rates, so rate quotes can be significantly different.

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 $1,400 $117
Toyota Corolla S $1,400 $117
Toyota Corolla XLE $1,400 $117
Toyota Corolla XRS $1,446 $121

Rates assume 2020 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 $308 $562 $372 $1,400
2019 Toyota Corolla $294 $542 $390 $1,384
2018 Toyota Corolla $282 $536 $398 $1,374
2017 Toyota Corolla $272 $524 $416 $1,370
2016 Toyota Corolla $262 $502 $430 $1,352
2015 Toyota Corolla $248 $484 $442 $1,332
2014 Toyota Corolla $238 $450 $452 $1,298
2013 Toyota Corolla $230 $424 $456 $1,268
2012 Toyota Corolla $220 $380 $460 $1,218
2011 Toyota Corolla $206 $350 $460 $1,174
2010 Toyota Corolla $198 $328 $464 $1,148
2009 Toyota Corolla $194 $306 $474 $1,132
2008 Toyota Corolla $180 $284 $474 $1,096
2007 Toyota Corolla $174 $258 $478 $1,068
2006 Toyota Corolla $162 $236 $474 $1,030
2005 Toyota Corolla $152 $214 $474 $998
2004 Toyota Corolla $148 $192 $468 $966
2003 Toyota Corolla $146 $188 $460 $952
2002 Toyota Corolla $144 $178 $452 $932
2001 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 Shop for the Right Toyota Corolla Insurance

Saving money on Toyota Corolla insurance requires having a good driving record, maintaining a good credit score, eliminating unneeded coverage, and maximizing policy discounts. Set aside time to shop around every year by requesting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The next list is a quick rundown of the coverage data raised in the charts and tables above.

  • Drivers can save as much as $170 per year simply by quoting early and online
  • Increasing deductibles could save as much as $575 each year
  • Drivers age 20 and younger are expensive to insure, costing as high as $431 per month if the policy includes full coverage
  • High-risk drivers with reckless driving or DUI convictions pay an average of $1,630 more each year to buy Toyota Corolla insurance

Rates by Driver Age

Toyota Corolla Insurance Rates by Driver Age
Driver Age Premium
16 $5,174
20 $3,236
30 $1,466
40 $1,400
50 $1,280
60 $1,254

Full coverage, $500 deductibles

Rates by Deductible

Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,786
$250 $1,606
$500 $1,400
$1,000 $1,204

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,400
50/100 $1,520
100/300 $1,613
250/500 $1,855
100 CSL $1,558
300 CSL $1,762
500 CSL $1,911

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $7,388
20 $5,140
30 $3,098
40 $3,030
50 $2,888
60 $2,862

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 $194

Potential Rate Discounts

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

Discount Savings
Multi-policy $75
Multi-vehicle $72
Homeowner $20
5-yr Accident Free $105
5-yr Claim Free $90
Paid in Full/EFT $65
Advance Quote $70
Online Quote $99
Total Discounts $596
Rate after discounts $804

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

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