Toyota Corolla iM Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: May 1, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
Average auto insurance rates for a Toyota Corolla iM are $1,268 annually with full coverage. Comprehensive costs approximately $230 each year, collision insurance costs $424, and liability costs $456. A liability-only policy costs as little as $508 a year, and high-risk insurance costs around $2,750. Teenage drivers receive the highest rates at up to $4,904 a year.
Average premium for full coverage: $1,268
Rate estimates by individual coverage type:
Estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all U.S. states and Corolla iM models.
Price Range by Coverage and Risk
For a driver in their 40's, prices range range from as cheap as $508 for liability-only coverage to a high rate of $2,750 for a driver who has had serious violations or accidents.
Price Range by Location
Your location can make a big difference on the price of insurance. Rural locations tend to have fewer collision claims than densely populated cities. The graphic below illustrates how location helps determine auto insurance prices.
These examples demonstrate 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.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Charts and Tables
The chart below details average Toyota Corolla iM insurance rates for additional coverage and risk scenarios.
- The best discount rate is $737
- Drivers who choose higher $1,000 deductibles will pay $150 annually
- The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,268
- Using low deductibles for comprehensive and collision insurance will cost $1,554
- Drivers who are prone to accidents and violations could pay around $2,750
- The cost with full coverage for a 16-year-old driver can cost $4,904 a year
Insurance rates for a Toyota Corolla iM can also vary considerably based on the trim level of your Corolla iM, your driving record, 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 for full coverage. Rates are much higher for teen drivers, 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 like to drive fast or you caused a few accidents, you may be forking out anywhere from $1,500 to $2,100 extra per year, depending on your age. Insurance for high-risk drivers can cost from 43% to 132% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles could save up to $440 annually, whereas increasing liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $411 more per year. View Rates by Deductible or Liability Limit
Where you live makes a big difference in Toyota Corolla iM insurance prices. A 40-year-old driver could pay as low as $910 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,710 on average in New York, Michigan, and Florida.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,146 | -$122 | -9.6% |
Alaska | $972 | -$296 | -23.3% |
Arizona | $1,052 | -$216 | -17.0% |
Arkansas | $1,268 | -$0 | 0.0% |
California | $1,444 | $176 | 13.9% |
Colorado | $1,210 | -$58 | -4.6% |
Connecticut | $1,302 | $34 | 2.7% |
Delaware | $1,434 | $166 | 13.1% |
Florida | $1,584 | $316 | 24.9% |
Georgia | $1,168 | -$100 | -7.9% |
Hawaii | $910 | -$358 | -28.2% |
Idaho | $856 | -$412 | -32.5% |
Illinois | $944 | -$324 | -25.6% |
Indiana | $954 | -$314 | -24.8% |
Iowa | $854 | -$414 | -32.6% |
Kansas | $1,204 | -$64 | -5.0% |
Kentucky | $1,728 | $460 | 36.3% |
Louisiana | $1,874 | $606 | 47.8% |
Maine | $784 | -$484 | -38.2% |
Maryland | $1,046 | -$222 | -17.5% |
Massachusetts | $1,014 | -$254 | -20.0% |
Michigan | $2,202 | $934 | 73.7% |
Minnesota | $1,060 | -$208 | -16.4% |
Mississippi | $1,516 | $248 | 19.6% |
Missouri | $1,124 | -$144 | -11.4% |
Montana | $1,360 | $92 | 7.3% |
Nebraska | $998 | -$270 | -21.3% |
Nevada | $1,518 | $250 | 19.7% |
New Hampshire | $914 | -$354 | -27.9% |
New Jersey | $1,414 | $146 | 11.5% |
New Mexico | $1,120 | -$148 | -11.7% |
New York | $1,336 | $68 | 5.4% |
North Carolina | $730 | -$538 | -42.4% |
North Dakota | $1,036 | -$232 | -18.3% |
Ohio | $874 | -$394 | -31.1% |
Oklahoma | $1,302 | $34 | 2.7% |
Oregon | $1,160 | -$108 | -8.5% |
Pennsylvania | $1,208 | -$60 | -4.7% |
Rhode Island | $1,690 | $422 | 33.3% |
South Carolina | $1,148 | -$120 | -9.5% |
South Dakota | $1,070 | -$198 | -15.6% |
Tennessee | $1,108 | -$160 | -12.6% |
Texas | $1,526 | $258 | 20.3% |
Utah | $940 | -$328 | -25.9% |
Vermont | $868 | -$400 | -31.5% |
Virginia | $760 | -$508 | -40.1% |
Washington | $978 | -$290 | -22.9% |
West Virginia | $1,160 | -$108 | -8.5% |
Wisconsin | $876 | -$392 | -30.9% |
Wyoming | $1,128 | -$140 | -11.0% |
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2018 Toyota Corolla iM | $238 | $450 | $452 | $1,298 |
2017 Toyota Corolla iM | $230 | $424 | $456 | $1,268 |
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 Buy Low Cost Toyota Corolla iM Insurance
Saving money on insurance for a Toyota Corolla iM not only requires being safe and accident-free, but also having a good credit history, eliminating unnecessary coverage, and possibly raising deductibles. Invest time comparing rates every other policy renewal by getting quotes from direct companies like Progressive and GEICO, and also from your local independent and exclusive agents.
Below you'll find a review of the ideas that were covered in the charts and tables above.
- Youthful drivers are expensive to insure, with premiums as much as $409 per month including comprehensive and collision insurance
- Drivers considered higher risk who have several accidents or serious violations may pay on average $1,480 more per year than a low-risk driver
- Increasing deductibles could save up to $425 each year
- You may be able to save around $150 per year just by quoting online in advance
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $4,904 |
20 | $2,938 |
30 | $1,308 |
40 | $1,268 |
50 | $1,160 |
60 | $1,138 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,554 |
$250 | $1,420 |
$500 | $1,268 |
$1,000 | $1,118 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,268 |
50/100 | $1,359 |
100/300 | $1,473 |
250/500 | $1,770 |
100 CSL | $1,405 |
300 CSL | $1,656 |
500 CSL | $1,838 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $6,970 |
20 | $4,684 |
30 | $2,796 |
40 | $2,750 |
50 | $2,630 |
60 | $2,608 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
Discount | Savings |
---|---|
Multi-policy | $67 |
Multi-vehicle | $68 |
Homeowner | $20 |
5-yr Accident Free | $89 |
5-yr Claim Free | $82 |
Paid in Full/EFT | $55 |
Advance Quote | $61 |
Online Quote | $89 |
Total Discounts | $531 |
Discounts are estimated and may not be available from every company or in every state.
Compare Rates and Save
Find companies with the cheapest rates in your area