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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. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Apr 9, 2020

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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 prices for a Toyota Corolla are $1,384 every 12 months for full coverage. Comprehensive costs on average $294 a year, collision costs $542, and liability insurance costs around $390. Liability-only coverage costs as low as $452 a year, with high-risk coverage costing around $2,992. Teenage drivers receive the highest rates at $5,148 a year or more.

Average premium for full coverage: $1,384

Rate estimates by individual coverage type:

Comprehensive $294
Collision $542
Liability $390

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 $452 for the bare minimum liability coverage to a high of $2,992 for a policy for a high-risk driver.

Liability Only $452
Full Coverage $1,384
High Risk $2,992

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 $1,038
Small Cities $1,453
Large Cities $1,868

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 $795
  • Using higher $1,000 deductibles will save around $1,194 a year
  • The average price for a 40-year-old driver with $500 deductibles is $1,384
  • Using low $100 deductibles for physical damage coverage increases the price to $1,750
  • Drivers who are prone to accidents and violations could pay upwards of $2,992 or more
  • The cost to insure a teen driver may cost $5,148 or more

View Chart as Image

Toyota Corolla insurance cost comparison chart
Column chart showing full coverage Toyota Corolla insurance rates range from $795 to $5,148

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 $560 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 $351 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 $1,600 to $2,200 extra per year, depending on your age. A high-risk auto insurance policy can be anywhere from 43% to 129% 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 $910 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,970 on average in Michigan, Louisiana, and New York.

Toyota Corolla Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,250 -$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%

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 $1,384 $115
Toyota Corolla S $1,384 $115
Toyota Corolla XLE $1,384 $115
Toyota Corolla XRS $1,424 $119

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 $294 $542 $390 $1,384
2019 Toyota Corolla $282 $536 $398 $1,374
2018 Toyota Corolla $272 $524 $416 $1,370
2017 Toyota Corolla $262 $502 $430 $1,352
2016 Toyota Corolla $248 $484 $442 $1,332
2015 Toyota Corolla $238 $450 $452 $1,298
2014 Toyota Corolla $230 $424 $456 $1,268
2013 Toyota Corolla $220 $380 $460 $1,218
2012 Toyota Corolla $206 $350 $460 $1,174
2011 Toyota Corolla $198 $328 $464 $1,148
2010 Toyota Corolla $194 $306 $474 $1,132
2009 Toyota Corolla $180 $284 $474 $1,096
2008 Toyota Corolla $174 $258 $478 $1,068
2007 Toyota Corolla $162 $236 $474 $1,030
2006 Toyota Corolla $152 $214 $474 $998
2005 Toyota Corolla $148 $192 $468 $966
2004 Toyota Corolla $146 $188 $460 $952
2003 Toyota Corolla $144 $178 $452 $932
2002 Toyota Corolla $132 $170 $446 $906
2001 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 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 $550 each year
  • Drivers age 20 and younger are expensive to insure, costing as high as $429 per month if the policy includes full coverage
  • High-risk drivers with reckless driving or DUI convictions pay an average of $1,610 more each year to buy Toyota 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.

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 $5,148
20 $3,196
30 $1,442
40 $1,384
50 $1,264
60 $1,238

Full coverage, $500 deductibles

Rates by Deductible

Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,750
$250 $1,580
$500 $1,384
$1,000 $1,194

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
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

Toyota Corolla Insurance 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.

SR-22 Surcharge $193

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
Rate after discounts $795

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

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