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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Average insurance prices for a Toyota Corolla iM are $1,268 every 12 months with full coverage. Comprehensive costs approximately $230, collision costs $424, and liability costs around $456. Liability-only coverage costs as low as $508 a year, with high-risk coverage costing around $2,750. Teens receive the highest rates at $4,904 a year or more.
Average premium for full coverage: $1,268
Rate estimates by individual coverage type:
Rate estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all U.S. states and for all Corolla iM models.
Price Range by Coverage and Risk
For a driver around age 40, prices range go from the cheapest price of $508 for your basic liability-only policy to the much higher price of $2,750 for a driver who requires high-risk insurance.
Price Range by Location
Where you live can have significant affects on the price of insurance. Rural locations tend to have more infrequent collision claims than cities with more traffic congestion.
The example below illustrates the difference between rural and urban areas on auto insurance prices.
These examples demonstrate why everyone should compare prices using their specific location and their own driving history, instead of using 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.
More Rate Information
The chart below details estimated Toyota Corolla iM insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $737
- Using higher $1,000 deductibles will save $150 annually
- The average price for a 40-year-old driver who chooses $500 deductibles is $1,268
- Selecting pricier low deductibles for physical damage coverage increases the price to $1,554
- Drivers with serious driving violations could pay around $2,750 or more
- The cost to insure a teen driver for full coverage can cost $4,904 or more
Car insurance rates for a Toyota Corolla iM can also vary considerably based on policy deductibles and limits, your driving record, and the model of your Corolla iM.
Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $440 every year, whereas buying more liability protection will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $411 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles may pay as little as $1,200 a year for full coverage. Rates are much higher for teen drivers, since even excellent drivers will be charged in the ballpark of $4,900 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you may be forking out anywhere from $1,500 to $2,100 extra per year, depending on your age. Toyota Corolla iM insurance for high-risk drivers can be as much as 43% to 132% more than the average policy. View High Risk Driver Rates
Where you live has a huge impact on Toyota Corolla iM insurance prices. A driver around age 40 might see rates as low as $910 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,710 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,146 | -$122 | -9.6% |
| Alaska | $972 | -$296 | -23.3% |
| Arizona | $1,052 | -$216 | -17.0% |
| Arkansas | $1,268 | -$0 | 0.0% |
| California | $1,444 | $176 | 13.9% |
| Colorado | $1,210 | -$58 | -4.6% |
| Connecticut | $1,302 | $34 | 2.7% |
| Delaware | $1,434 | $166 | 13.1% |
| Florida | $1,584 | $316 | 24.9% |
| Georgia | $1,168 | -$100 | -7.9% |
| Hawaii | $910 | -$358 | -28.2% |
| Idaho | $856 | -$412 | -32.5% |
| Illinois | $944 | -$324 | -25.6% |
| Indiana | $954 | -$314 | -24.8% |
| Iowa | $854 | -$414 | -32.6% |
| Kansas | $1,204 | -$64 | -5.0% |
| Kentucky | $1,728 | $460 | 36.3% |
| Louisiana | $1,874 | $606 | 47.8% |
| Maine | $784 | -$484 | -38.2% |
| Maryland | $1,046 | -$222 | -17.5% |
| Massachusetts | $1,014 | -$254 | -20.0% |
| Michigan | $2,202 | $934 | 73.7% |
| Minnesota | $1,060 | -$208 | -16.4% |
| Mississippi | $1,516 | $248 | 19.6% |
| Missouri | $1,124 | -$144 | -11.4% |
| Montana | $1,360 | $92 | 7.3% |
| Nebraska | $998 | -$270 | -21.3% |
| Nevada | $1,518 | $250 | 19.7% |
| New Hampshire | $914 | -$354 | -27.9% |
| New Jersey | $1,414 | $146 | 11.5% |
| New Mexico | $1,120 | -$148 | -11.7% |
| New York | $1,336 | $68 | 5.4% |
| North Carolina | $730 | -$538 | -42.4% |
| North Dakota | $1,036 | -$232 | -18.3% |
| Ohio | $874 | -$394 | -31.1% |
| Oklahoma | $1,302 | $34 | 2.7% |
| Oregon | $1,160 | -$108 | -8.5% |
| Pennsylvania | $1,208 | -$60 | -4.7% |
| Rhode Island | $1,690 | $422 | 33.3% |
| South Carolina | $1,148 | -$120 | -9.5% |
| South Dakota | $1,070 | -$198 | -15.6% |
| Tennessee | $1,108 | -$160 | -12.6% |
| Texas | $1,526 | $258 | 20.3% |
| Utah | $940 | -$328 | -25.9% |
| Vermont | $868 | -$400 | -31.5% |
| Virginia | $760 | -$508 | -40.1% |
| Washington | $978 | -$290 | -22.9% |
| West Virginia | $1,160 | -$108 | -8.5% |
| Wisconsin | $876 | -$392 | -30.9% |
| Wyoming | $1,128 | -$140 | -11.0% |
With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to regularly compare rates and see which company has the best rate. Each insurance company calculates rates differently, so rate quotes can be significantly different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2018 Toyota Corolla iM | $230 | $424 | $456 | $1,268 |
| 2017 Toyota Corolla iM | $220 | $380 | $460 | $1,218 |
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 Best Toyota Corolla iM Insurance
Saving money on car insurance requires being a good driver, maintaining a good credit score, eliminating unnecessary coverage, and avoiding coverage lapses. Set aside time to compare rates at every other renewal by getting rate quotes from direct companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.
The following list is a brief recap of the concepts that were covered above.
- Higher risk drivers who tend to receive serious violations could be forced to pay on average $1,480 more per year than a safer driver
- Drivers age 16 to 20 pay the highest auto insurance rates, with premiums as much as $409 per month if the policy includes full coverage
- You may be able to save around $150 per year simply by quoting online well ahead of the renewal date
- Increasing deductibles could save as much as $425 each year
- You may be able to save around $150 per year simply by quoting online well ahead of the renewal date
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,904 |
| 20 | $2,938 |
| 30 | $1,308 |
| 40 | $1,268 |
| 50 | $1,160 |
| 60 | $1,138 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,554 |
| $250 | $1,420 |
| $500 | $1,268 |
| $1,000 | $1,118 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,268 |
| 50/100 | $1,359 |
| 100/300 | $1,473 |
| 250/500 | $1,770 |
| 100 CSL | $1,405 |
| 300 CSL | $1,656 |
| 500 CSL | $1,838 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,970 |
| 20 | $4,684 |
| 30 | $2,796 |
| 40 | $2,750 |
| 50 | $2,630 |
| 60 | $2,608 |
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 | $67 |
| Multi-vehicle | $68 |
| Homeowner | $20 |
| 5-yr Accident Free | $89 |
| 5-yr Claim Free | $82 |
| Paid in Full/EFT | $55 |
| Advance Quote | $61 |
| Online Quote | $89 |
| Total Discounts | $531 |
Discounts are estimated and may not be available from every company or in every state.
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