Toyota Corolla iM Insurance Rates

Estimated insurance prices for a Toyota Corolla iM are $1,268 every 12 months for full coverage. Comprehensive insurance costs an estimated $230 each year, collision insurance costs $424, and liability coverage costs around $456. Liability-only insurance costs as low as $508 a year, and high-risk driver insurance costs $2,750 or more. Teenage drivers pay the most at up to $4,904 a year.

Average premium for full coverage: $1,268

Premium estimates broken down by type of coverage:

Estimates include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates include averaging for all states and Corolla iM models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on insurance rates. More rural locations are statistically proven to have more infrequent accident claims than densely populated cities. The graphic below illustrates how where you live affects insurance prices.

These rate differences show why all drivers should compare prices for a targeted area and their own driving history, rather than using average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $737
• Using higher $1,000 deductibles will save approximately $150 a year
• The average price for a 40-year-old good driver who has $500 deductibles is $1,268
• Using low deductibles for physical damage coverage costs an extra $286 each year
• Higher-risk drivers who are prone to accidents and violations could pay up to $2,750
• An auto insurance policy to insure a teenage driver can cost as much as $4,904 or more

View Chart as Image

Insurance prices for a Toyota Corolla iM also have a wide range based on physical damage deductibles and liability limits, your driver profile, and the model year and trim level.

Using high physical damage deductibles could cut prices by as much as $440 a year, whereas increasing liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will cost up to $411 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may only pay around $1,200 a year, or $100 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers should be prepared to pay at least $4,900 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you could be paying $1,500 to $2,100 additional annually, depending on your age. Insurance for high-risk drivers can be around 43% to 132% more than a normal policy. View High Risk Driver Rates

Where you choose to live has a huge impact on Toyota Corolla iM insurance rates. A driver around age 40 might see prices as low as $840 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,810 on average in New York, Louisiana, and Michigan.

View Chart as Image

How to Shop for Low Cost Toyota Corolla iM Insurance

Finding better rates on auto insurance requires being a low-risk driver, having above-average credit, not filing small claims, and possibly raising deductibles. Take the time to comparison shop at least once a year by getting quotes from direct carriers, and also from several local insurance agents.

The items below are a review of the primary concepts that were touched on in the above illustrations.

• Drivers can save approximately $150 per year just by quoting online in advance
• Drivers who have several accidents or serious violations pay on average $1,480 more annually to insure their Corolla iM
• Increasing policy deductibles could save as much as $425 each year
• Teen drivers are expensive to insure, as much as $409 per month if full coverage is included