Toyota Corolla Insurance Rates
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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:
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.
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.
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
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.
|State||Premium||Compared to U.S. Avg||Percent Difference|
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
|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.
|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.
|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|
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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.
|Insurance Coverage Category||Loss Rate|
|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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
|5-yr Accident Free||$103|
|5-yr Claim Free||$89|
|Paid in Full/EFT||$64|
Discounts are estimated and may not be available from every company or in every state.