Toyota Corolla iM Insurance Rates

The average insurance prices for a Toyota Corolla iM are $1,218 every 12 months for full coverage. Comprehensive costs an estimated $220 a year, collision insurance costs $380, and liability insurance costs $460. Liability-only coverage costs as little as $510 a year, and high-risk coverage costs around $2,638. 16-year-old drivers cost the most to insure at up to $4,740 a year.

Average premium for full coverage: $1,218

Policy rates broken down by type of insurance:

Rates are based on $500 physical damage deductibles, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and Corolla iM trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on insurance rates. More rural locations are shown to have more infrequent accident claims than congested cities. The diagram below illustrates the difference location can make on insurance prices.

The examples above show why it is important to compare rates for a targeted area and their own driving history, rather than relying on rate averages.

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

Additional Rate Details

The chart below shows average Toyota Corolla iM insurance rates for other coverage scenarios.

• The best full coverage rate is $712
• Drivers who choose higher $1,000 deductibles will pay approximately $1,080 a year
• The average price for a good driver age 40 who has $500 deductibles is $1,218
• Buying low $100 deductibles for comprehensive and collision insurance increases the price to $1,480
• High risk drivers with multiple tickets or accidents could pay up to $2,638
• Policy cost to insure a teen driver can cost as much as $4,740 a year

View Chart as Image

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

Opting for high physical damage deductibles could save up to $400 each year, while buying higher liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles could pay as little as $1,100 per year on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay at least $4,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying $1,500 to $2,000 additional every year, depending on your age. A high-risk auto insurance policy can cost anywhere from 42% to 137% more than the average rate. View High Risk Driver Rates

Your home state makes a big difference in Toyota Corolla iM insurance rates. A 40-year-old driver could pay as low as $800 a year in states like Iowa, Maine, and Idaho, or at least $1,740 on average in New York, Louisiana, and Michigan.

View Chart as Image

How to Shop for the Best Cheap Toyota Corolla iM Insurance

Finding cheaper rates on Toyota Corolla iM insurance not only requires being a safe and courteous driver, but also having above-average credit, avoid buying unnecessary coverage, and possibly raising deductibles. Make time to compare rates every year by requesting rates from direct carriers, and also from several local insurance agents.

Below is a quick review of the coverage data touched on in this article.

• Drivers can save approximately $140 per year just by quoting early and online
• Increasing comprehensive and collision deductibles could save as much as $400 each year
• Teenage drivers are expensive to insure, costing up to $395 each month if full coverage is included
• High-risk drivers with a DUI or reckless driving violation pay on average $1,420 more annually for auto insurance