Toyota Corolla iM Insurance Rates

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UPDATED: May 1, 2024

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Average insurance prices for a Toyota Corolla iM are $1,218 every 12 months for full coverage. Comprehensive insurance costs approximately $220, collision costs $380, and liability insurance costs $460. Buying just liability costs as little as $510 a year, with insurance for high-risk drivers costing $2,638 or more. Teenage drivers receive the highest rates at $4,740 a year or more.

Average premium for full coverage: $1,218

Rate estimates by individual coverage type:

Comprehensive $220
Collision $380
Liability $460

Includes $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all states and for different Corolla iM trim levels.

Price Range by Coverage and Risk

For the normal driver, prices range go from the cheapest price of $510 for liability-only coverage to a much higher rate of $2,638 for a policy for a high-risk driver.

Liability Only $510
Full Coverage $1,218
High Risk $2,638

Price Range by Location

Your location has a significant impact on car insurance rates. Rural locations tend to have more infrequent accident claims than densely populated cities.

The price range example below illustrates how geographic area affects auto insurance prices.

Rural Areas $914
Small Cities $1,279
Large Cities $1,644

These examples show why anyone shopping for car insurance should compare rates using their specific location and their own driving history, 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.

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Additional Charts and Tables

The chart below shows estimated Toyota Corolla iM insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $712
  • Drivers who choose higher $1,000 deductibles will pay $138 a year
  • The average price for a 40-year-old driver who chooses $500 deductibles is $1,218
  • Using more expensive low deductibles for comprehensive and collision insurance costs an extra $262 a year
  • High risk drivers who are prone to accidents and violations could pay around $2,638 or more
  • The cost to insure a teen driver with full coverage can cost $4,740 a year

View Chart as Image

Toyota Corolla iM insurance cost comparison chart
Column chart showing full coverage Toyota Corolla iM insurance prices range from $712 to $4,740

Auto insurance rates for a Toyota Corolla iM can also vary considerably based on policy deductibles and limits, your driver profile, and the model of your Corolla iM.

Using high physical damage deductibles could save up to $400 each year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 liability limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles could pay as little as $1,100 per year on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers will have to pay in the ballpark of $4,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you could be paying anywhere from $1,500 to $2,000 in extra premium per year, depending on your age. High-risk driver insurance can cost anywhere from 42% to 137% more than a normal policy. View High Risk Driver Rates

Where you live 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 be forced to pay as much as $1,740 on average in New York, Louisiana, and Michigan.

Toyota Corolla iM Insurance Rates by State
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%

View Chart as Image

Toyota Corolla iM insurance rates by U.S. city

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to compare rates from as many companies as possible. Every company uses a different method to calculate rates, and quoted rates can be significantly different.

Toyota Corolla iM Insurance Rates by Model Year
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

Saving money on Toyota Corolla iM insurance not only requires having a decent driving record, but also having a good credit score, eliminating unneeded coverage, and not having any coverage lapses. Invest the time to compare rates every year by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following items are a recap of the coverage data presented in the illustrations above.

  • Drivers can save around $140 per year simply by shopping early and online
  • Increasing deductibles could save as much as $400 each year
  • 16 to 18-year-old drivers have the highest car insurance rates, costing as high as $395 per month if comprehensive and collision insurance is included
  • High-risk drivers that have major violations or accidents may pay on average $1,420 more per year than a driver with a clean driving record

Rates by Driver Age

Toyota Corolla iM Insurance 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

Toyota Corolla iM Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,480
$250 $1,358
$500 $1,218
$1,000 $1,080

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla iM Insurance Rates with Different Liability Limits
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

Toyota Corolla iM Insurance 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.

SR-22 Surcharge $169

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
Rate after discounts $712

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

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