Toyota Corolla iM Insurance Rates

Average insurance rates for a Toyota Corolla iM are $1,218 a year with full coverage. Comprehensive costs around $220 a year, collision insurance costs $380, and liability costs $460. A liability-only policy costs as little as $510 a year, and high-risk insurance costs around $2,638. Teenage drivers receive the highest rates at up to $4,740 a year.

Average premium for full coverage: $1,218

Rate estimates for individual coverage type:

Includes $500 policy deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all U.S. states and Corolla iM trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on insurance rates. Areas with sparse population tend to have a lower frequency of collision claims than densely populated cities. The diagram below illustrates how where you live affects auto insurance rates.

These examples demonstrate why it is important to compare rates for a specific zip code and risk profile, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

Additional Rate Information

The chart below details average Toyota Corolla iM insurance rates for additional coverage choices and driver risks.

• The best discount rate is $712
• Drivers who choose higher $1,000 deductibles will pay about $1,080 annually
• The average rate for a 40-year-old driver using $500 deductibles is $1,218
• Using low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,480
• Drivers who are prone to accidents and violations could pay at least $2,638
• The cost for full coverage for a 16-year-old driver can be $4,740 a year

View Chart as Image

Insurance rates for a Toyota Corolla iM can also vary considerably based on your driver profile, the trim level and model year, and deductibles and policy limits.

Older drivers with a clean driving record and high deductibles may pay as low as $1,100 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay as much as $4,700 a year. View Rates by Age

Where you live makes a big difference in Toyota Corolla iM insurance prices. A 40-year-old driver could pay as low as $880 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,650 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $400 annually, while buying higher liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will cost as much as $414 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out at least $1,500 to $2,000 extra per year, depending on your age. A high-risk auto insurance policy can cost from 42% to 137% more than a normal policy. View High Risk Driver Rates

How to Find the Cheapest Toyota Corolla iM Insurance

Saving money on insurance for a Toyota Corolla iM not only requires being safe and accident-free, but also maintaining good credit, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Take the time to comparison shop at least once a year by getting rate quotes from direct companies like GEICO and Progressive, and also from local independent and exclusive agents.

Below you'll find a recap of the primary concepts that were touched on in the above illustrations.

• You may be able to save up to $140 per year just by quoting early and online
• Drivers considered higher risk that have major violations or accidents pay an average of $1,420 more every year than a low-risk driver
• Increasing deductibles can save around $400 each year
• Youthful drivers pay higher rates, with premiums as much as $395 per month for full coverage