Toyota Corolla iM Insurance Rates

Average insurance rates for a Toyota Corolla iM are $1,268 a year for full coverage insurance. Comprehensive insurance costs an estimated $230 a year, collision insurance costs $424, and liability costs $456. Liability-only coverage costs as little as $508 a year, and high-risk coverage costs $2,750 or more. Teenage drivers receive the highest rates at up to $4,904 a year.

Average premium for full coverage: $1,268

Rate estimates broken down by individual coverage type:

These estimates include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and Corolla iM trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than densely populated cities. The diagram below illustrates how where you live affects insurance prices.

These examples illustrate why it is important to compare rates for a targeted area and risk profile, instead of using average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $737
• Drivers who choose higher $1,000 deductibles will pay approximately $1,118 each year
• The average rate for a 40-year-old driver who has $500 deductibles is $1,268
• Using low $100 deductibles for comprehensive and collision insurance will cost an extra $286 every year
• Higher-risk drivers who are prone to accidents and violations could pay up to $2,750
• The cost for full coverage for a teen driver can cost as much as $4,904 a year

View Chart as Image

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

Older drivers with no driving violations and high deductibles may pay as little as $1,200 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers will be charged at least $4,900 a year. View Rates by Age

Where you live makes a big difference in Toyota Corolla iM insurance prices. A 40-year-old driver could pay as low as $830 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,710 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could save up to $440 every year, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $411 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying $1,500 to $2,100 extra per year, depending on your age. A high-risk auto insurance policy can cost as much as 43% to 132% more than a normal policy. View High Risk Driver Rates

How to Find Cheap Toyota Corolla iM Insurance

Saving money on car insurance not only requires avoiding accidents and violations, but also having above-average credit, avoid buying unnecessary coverage, and possibly higher deductibles. Take the time to comparison shop every other policy renewal by obtaining price quotes from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.

The list below is a brief summary of the ideas that were touched on in the above illustrations.

• Teenagers have the highest car insurance rates, costing up to $409 per month if full coverage is included
• Higher risk drivers that tend to have accidents or serious violations pay on average $1,480 more annually for car insurance
• Increasing deductibles can save around $425 each year
• It is possible to save approximately $150 per year just by quoting early and online