Toyota Corolla Insurance Rates
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UPDATED: Apr 8, 2024
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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 $1,384 a year with full coverage. Comprehensive insurance costs on average $294 a year, collision insurance costs $542, and liability insurance is $390. Liability-only coverage costs around $452 a year, and high-risk coverage costs $2,992 or more. Teens receive the highest rates at up to $5,148 a year.
Average premium for full coverage: $1,384
Rate estimates by individual coverage type:
Price estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and Corolla trim levels.
Price Range by Coverage and Risk
For a driver in their 40's, prices range range from the low end price of $452 for just liability coverage to a high of $2,992 for a driver who requires high-risk insurance.
Price Range by Location
Choosing to live in a large city has a significant impact on auto insurance rates. Rural areas tend to have lower incidents of collision claims than cities with more traffic congestion. The diagram below illustrates how location helps determine car insurance rates.
These examples demonstrate why it is important to compare rates quotes based on a specific location, rather than relying on averaged prices.
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.
Detailed Rate Analysis
The chart below details average Toyota Corolla insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $795
- Raising to $1,000 deductibles will save around $1,194 annually
- The estimated price for a 40-year-old driver with $500 deductibles is $1,384
- Selecting low $100 deductibles will cost an additional $366 a year
- Higher-risk drivers with serious driving violations could pay upwards of $2,992
- The cost that insures a teen driver may cost $5,148
Car insurance rates for a Toyota Corolla can also vary considerably based on the trim level of your Corolla, your age and driving habits, and policy deductibles and limits.
If you like to drive fast or you caused an accident, you may be forking out at a minimum $1,600 to $2,200 extra per year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 129% more than the average policy. View High Risk Driver Rates
Older drivers with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged upwards of $5,100 a year. View Rates by Age
Where you live also has a big influence on Toyota Corolla insurance rates. A middle-age driver might find rates as low as $1,000 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,870 on average in Florida, Michigan, and New York.
| 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% |
Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $560 each year, while buying higher liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $351 extra every 12 months. View Rates by Deductible or Liability Limit
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 2023 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 |
|---|---|---|---|---|
| 2024 Toyota Corolla | $308 | $562 | $372 | $1,400 |
| 2023 Toyota Corolla | $294 | $542 | $390 | $1,384 |
| 2022 Toyota Corolla | $282 | $536 | $398 | $1,374 |
| 2021 Toyota Corolla | $272 | $524 | $416 | $1,370 |
| 2020 Toyota Corolla | $262 | $502 | $430 | $1,352 |
| 2019 Toyota Corolla | $248 | $484 | $442 | $1,332 |
| 2018 Toyota Corolla | $238 | $450 | $452 | $1,298 |
| 2017 Toyota Corolla | $230 | $424 | $456 | $1,268 |
| 2016 Toyota Corolla | $220 | $380 | $460 | $1,218 |
| 2015 Toyota Corolla | $206 | $350 | $460 | $1,174 |
| 2014 Toyota Corolla | $198 | $328 | $464 | $1,148 |
| 2013 Toyota Corolla | $194 | $306 | $474 | $1,132 |
| 2012 Toyota Corolla | $180 | $284 | $474 | $1,096 |
| 2011 Toyota Corolla | $174 | $258 | $478 | $1,068 |
| 2010 Toyota Corolla | $162 | $236 | $474 | $1,030 |
| 2009 Toyota Corolla | $152 | $214 | $474 | $998 |
| 2008 Toyota Corolla | $148 | $192 | $468 | $966 |
| 2007 Toyota Corolla | $146 | $188 | $460 | $952 |
| 2006 Toyota Corolla | $144 | $178 | $452 | $932 |
| 2005 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 Find Cheaper Toyota Corolla Insurance
Saving money on Toyota Corolla insurance consists of not taking risks behind the wheel, having a positive credit history, eliminating unnecessary coverage, and possibly raising deductibles. Compare rates at every other renewal by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
The following is a condensed summary of the concepts that were covered in the charts and tables above.
- High-risk drivers with multiple at-fault accidents pay on average $1,610 more each year for Corolla insurance
- Teens are expensive to insure, with premiums as much as $429 per month if full coverage is purchased
- You may be able to save as much as $170 per year just by quoting early and online
- Increasing deductibles can save approximately $550 each year
- You may be able to save as much as $170 per year just by quoting early and online
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 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.
Toyota Corolla Insurance Loss Probability| 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 | $5,148 |
| 20 | $3,196 |
| 30 | $1,442 |
| 40 | $1,384 |
| 50 | $1,264 |
| 60 | $1,238 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,750 |
| $250 | $1,580 |
| $500 | $1,384 |
| $1,000 | $1,194 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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