Toyota Corolla iM Insurance Rates

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UPDATED: May 1, 2024

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U.S. average insurance rates for a Toyota Corolla iM are $1,268 a year including full coverage. Comprehensive costs an estimated $230, collision costs $424, and liability insurance is estimated at $456. Liability-only coverage costs approximately $508 a year, with high-risk coverage costing around $2,750. Teenage drivers pay the highest rates at $4,904 a year or more.

Average premium for full coverage: $1,268

Price estimates broken down by individual coverage:

Comprehensive $230
Collision $424
Liability $456

Price estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and for different Corolla iM trim levels.

Price Range from Low to High

For the average driver, Toyota Corolla iM insurance prices go from the low end price of $508 for just the minimum liability insurance to a much higher rate of $2,750 for a driver who requires high-risk insurance.

Liability Only $508
Full Coverage $1,268
High Risk $2,750

Geographic Price Range

Living in a larger city has a significant impact on the price of auto insurance. More rural locations have lower incidents of comprehensive and collision claims than densely populated cities.

The price range example below illustrates how location impacts insurance prices.

Rural Areas $951
Small Cities $1,331
Large Cities $1,712

The ranges above highlight why anyone shopping for car insurance should get quotes for a targeted area, 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 Analysis

The chart below breaks down estimated Toyota Corolla iM insurance rates for other coverage scenarios.

  • The best discount rate is $737
  • Choosing higher $1,000 deductibles can save approximately $150 every year
  • The estimated price for the average middle-age driver who has $500 deductibles is $1,268
  • Using more expensive low deductibles for comp and collision coverage bumps up the cost to $1,554
  • High-risk insureds who are prone to accidents and violations could pay up to $2,750 or more
  • The price that insures a teen driver with full coverage can cost as much as $4,904 each year

View Chart as Image

Toyota Corolla iM insurance cost comparison chart
Column chart showing full coverage Toyota Corolla iM insurance rates range from $737 to $4,904

Auto insurance prices for a Toyota Corolla iM are also quite variable based on the model year and trim level, your driving record and age, and liability limits and deductibles.

If you have some driving violations or you caused an accident, you are likely paying $1,500 to $2,100 in extra premium each year, depending on your age. High-risk driver insurance ranges anywhere from 43% to 132% more than a normal policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,200 annually on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay at least $4,900 a year. View Rates by Age

The state you live in plays a big part in determining prices for Toyota Corolla iM insurance rates. A good driver about age 40 could pay as low as $970 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,810 on average in Louisiana, New York, and Michigan.

Toyota Corolla iM Insurance Rates by State
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%

View Chart as Image

Toyota Corolla iM insurance rates by U.S. city

Using high physical damage deductibles can save as much as $440 each year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $411 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the best way to figure out which car insurance is cheapest is to compare prices from as many companies as possible. Each auto insurer uses a different method to calculate prices, and quoted prices may be quite different.

Toyota Corolla iM Insurance Rates by Model Year
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 Find Cheaper Toyota Corolla iM Insurance

Getting lower rates on Toyota Corolla iM insurance takes being safe and accident-free, maintaining a good credit score, being claim-free, and qualifying for all possible discounts. Compare prices at every other renewal by requesting quotes from direct car insurance companies, and also from your local car insurance providers.

Below you'll find a condensed summary of the concepts that were touched on above.

  • High-risk drivers with multiple at-fault accidents could be charged and average of $1,480 more annually than a low-risk driver
  • Youthful drivers are the costliest to insure, possibly costing $409 a month if the policy includes full coverage
  • You may be able to save approximately $150 per year simply by shopping early and online
  • Increasing physical damage deductibles can save approximately $425 each year
  • You may be able to save approximately $150 per year simply by shopping early and online

Rates by Driver Age

Toyota Corolla iM Insurance 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

Toyota Corolla iM Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,554
$250 $1,420
$500 $1,268
$1,000 $1,118

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla iM Insurance Rates with Different Liability Limits
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

Toyota Corolla iM Insurance 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.

SR-22 Surcharge $178

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
Rate after discounts $737

Discounts are estimated and may not be available from every company or in every state.

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