Toyota Corolla iM Insurance Rates

The average auto insurance rates for a Toyota Corolla iM are $1,298 annually including full coverage. Comprehensive costs approximately $238 each year, collision insurance costs $450, and liability costs $452. Buying just liability costs as little as $504 a year, and insurance for high-risk drivers costs around $2,820. Teenage drivers cost the most to insure at up to $4,998 a year.

Average premium for full coverage: $1,298

Policy rates by type of insurance:

Price estimates include $500 physical damage deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Corolla iM models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than densely populated cities. The graphic below illustrates how location helps determine auto insurance prices.

The examples above highlight why all drivers should compare rates using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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

Additional Charts and Tables

The chart below breaks down average Toyota Corolla iM insurance rates for additional coverage and risk scenarios.

• The best discount rate is $752
• Drivers who choose higher $1,000 deductibles will pay $156 every year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,298
• Using low deductibles for comprehensive and collision insurance will cost $1,602
• Drivers who are prone to accidents and violations could pay around $2,820
• Policy cost with full coverage for a 16-year-old driver can cost $4,998 a year

View Chart as Image

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

More mature drivers with a clean driving record and high physical damage deductibles may pay as low as $1,200 per year on average, or $100 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they can expect to pay in the ballpark of $4,900 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $1,600 to $2,200 extra every year, depending on your age. Insurance for high-risk drivers can cost from 44% to 137% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $460 annually, whereas increasing liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $407 more per year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Toyota Corolla iM insurance prices. A 40-year-old driver could pay as low as $1,000 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,850 on average in Louisiana, New York, and Michigan.

View Chart as Image

How to Buy Cheaper Toyota Corolla iM Insurance

Finding cheaper rates on insurance for a Toyota Corolla iM not only requires being a safe and courteous driver, but also having a good credit history, paying for small claims out-of-pocket, and possibly raising deductibles. Invest time comparing rates every time your policy renews by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below is a condensed summary of the information covered in the charts and tables above.

• You may be able to save around $150 per year just by quoting online in advance
• Teenage drivers are expensive to insure, with premiums being up to $417 each month including comprehensive and collision insurance
• Increasing comprehensive and collision deductibles could save up to $450 each year
• Drivers considered higher risk with multiple at-fault accidents may have to pay on average $1,520 more per year for auto insurance
• Insureds who purchase higher levels of liability will pay an extra $500 per year to go from a 30/60 limit to higher 250/500 limits