Toyota Corolla iM Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: May 1, 2024
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U.S. average insurance prices for a Toyota Corolla iM are $1,218 every 12 months including full coverage. Comprehensive costs on average $220 each year, collision insurance costs $380, and liability is estimated at $460. Liability-only coverage costs approximately $510 a year, and high-risk coverage costs around $2,638. Teenage drivers pay the highest rates at up to $4,740 a year.
Average premium for full coverage: $1,218
Price estimates by individual coverage:
Includes $500 deductible amounts, 30/60 liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 U.S. states and Corolla iM models.
Price Range from Low to High
For an average driver, Toyota Corolla iM insurance prices range from the cheapest price of $510 for a discount liability-only rate to a high rate of $2,638 for a driver required to buy high-risk insurance.
Geographic Price Range
Living in a larger city can make a big difference on car insurance rates. Rural areas have more infrequent comprehensive and collision claims than densely populated cities. The graphic below illustrates the effect of geographic area on car insurance rates.
The ranges above highlight why all drivers should get quotes based on a specific location and their own driving history, instead of making a decision based 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.
Rates by State, City, and Model
The chart below breaks down average Toyota Corolla iM insurance rates for different risk profiles and scenarios.
- The best discount rate is $712
- Choosing higher $1,000 deductibles can save around $138 every year
- The average price for the average middle-age driver with $500 deductibles is $1,218
- Using low deductibles for comp and collision coverage increases the price to $1,480
- Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,638
- The price to insure a 16-year-old driver may cost $4,740 each year
Auto insurance prices for a Toyota Corolla iM are also quite variable based on deductibles and policy limits, your driving characteristics, and the trim level of your Corolla iM.
Using high physical damage deductibles can save as much as $400 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 extra every year. View Rates by Deductible or Liability Limit
More mature drivers with a good driving record and higher deductibles may pay as low as $1,100 annually on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will have to pay upwards of $4,700 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you are likely paying at a minimum $1,500 to $2,000 in extra premium each year, depending on your age. Insurance for high-risk drivers ranges from 42% to 137% more than a normal policy. View High Risk Driver Rates
The state you live in plays a big part in determining prices for Toyota Corolla iM insurance prices. A good driver about age 40 could pay as low as $930 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,740 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,102 | -$116 | -9.5% |
| Alaska | $932 | -$286 | -23.5% |
| Arizona | $1,010 | -$208 | -17.1% |
| Arkansas | $1,218 | -$0 | 0.0% |
| California | $1,386 | $168 | 13.8% |
| Colorado | $1,164 | -$54 | -4.4% |
| Connecticut | $1,252 | $34 | 2.8% |
| Delaware | $1,378 | $160 | 13.1% |
| Florida | $1,522 | $304 | 25.0% |
| Georgia | $1,122 | -$96 | -7.9% |
| Hawaii | $874 | -$344 | -28.2% |
| Idaho | $824 | -$394 | -32.3% |
| Illinois | $906 | -$312 | -25.6% |
| Indiana | $916 | -$302 | -24.8% |
| Iowa | $820 | -$398 | -32.7% |
| Kansas | $1,156 | -$62 | -5.1% |
| Kentucky | $1,662 | $444 | 36.5% |
| Louisiana | $1,802 | $584 | 47.9% |
| Maine | $752 | -$466 | -38.3% |
| Maryland | $1,006 | -$212 | -17.4% |
| Massachusetts | $976 | -$242 | -19.9% |
| Michigan | $2,116 | $898 | 73.7% |
| Minnesota | $1,020 | -$198 | -16.3% |
| Mississippi | $1,458 | $240 | 19.7% |
| Missouri | $1,078 | -$140 | -11.5% |
| Montana | $1,308 | $90 | 7.4% |
| Nebraska | $962 | -$256 | -21.0% |
| Nevada | $1,462 | $244 | 20.0% |
| New Hampshire | $878 | -$340 | -27.9% |
| New Jersey | $1,362 | $144 | 11.8% |
| New Mexico | $1,078 | -$140 | -11.5% |
| New York | $1,284 | $66 | 5.4% |
| North Carolina | $700 | -$518 | -42.5% |
| North Dakota | $996 | -$222 | -18.2% |
| Ohio | $842 | -$376 | -30.9% |
| Oklahoma | $1,252 | $34 | 2.8% |
| Oregon | $1,116 | -$102 | -8.4% |
| Pennsylvania | $1,162 | -$56 | -4.6% |
| Rhode Island | $1,624 | $406 | 33.3% |
| South Carolina | $1,102 | -$116 | -9.5% |
| South Dakota | $1,028 | -$190 | -15.6% |
| Tennessee | $1,066 | -$152 | -12.5% |
| Texas | $1,468 | $250 | 20.5% |
| Utah | $900 | -$318 | -26.1% |
| Vermont | $834 | -$384 | -31.5% |
| Virginia | $730 | -$488 | -40.1% |
| Washington | $944 | -$274 | -22.5% |
| West Virginia | $1,116 | -$102 | -8.4% |
| Wisconsin | $842 | -$376 | -30.9% |
| Wyoming | $1,086 | -$132 | -10.8% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2018 Toyota Corolla iM | $220 | $380 | $460 | $1,218 |
| 2017 Toyota Corolla iM | $206 | $350 | $460 | $1,174 |
Rates are averaged for all Toyota Corolla iM 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 Cheapest Toyota Corolla iM Insurance
Getting lower rates on insurance for a Toyota Corolla iM takes having a good driving record, having a good credit score, being claim-free, and deciding if full coverage is necessary. Take the time to compare rates at every policy renewal by requesting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The next list is a recap of the data covered in the above illustrations.
- Insureds who require increased levels of liability coverage will pay an extra $510 per year to raise limits from a low limit to a 250/500 level
- You may be able to save as much as $140 per year just by quoting online in advance
- Increasing physical damage deductibles could save as much as $400 each year
- Drivers age 20 and younger are charged the highest prices, possibly costing $395 a month if comprehensive and collision insurance is included
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,740 |
| 20 | $2,812 |
| 30 | $1,254 |
| 40 | $1,218 |
| 50 | $1,114 |
| 60 | $1,092 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,480 |
| $250 | $1,358 |
| $500 | $1,218 |
| $1,000 | $1,080 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,218 |
| 50/100 | $1,310 |
| 100/300 | $1,425 |
| 250/500 | $1,724 |
| 100 CSL | $1,356 |
| 300 CSL | $1,609 |
| 500 CSL | $1,793 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,724 |
| 20 | $4,484 |
| 30 | $2,680 |
| 40 | $2,638 |
| 50 | $2,522 |
| 60 | $2,500 |
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 | $64 |
| Multi-vehicle | $66 |
| Homeowner | $20 |
| 5-yr Accident Free | $84 |
| 5-yr Claim Free | $78 |
| Paid in Full/EFT | $51 |
| Advance Quote | $58 |
| Online Quote | $85 |
| Total Discounts | $506 |
Discounts are estimated and may not be available from every company or in every state.
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