Toyota Corolla iM Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 1, 2024

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Average insurance prices for a Toyota Corolla iM are $1,298 every 12 months for full coverage insurance. Comprehensive costs approximately $238 each year, collision costs $450, and liability is $452. Buying just liability costs around $504 a year, with insurance for high-risk drivers costing around $2,820. 16-year-old drivers receive the highest rates at $4,998 a year or more.

Average premium for full coverage: $1,298

Rate estimates by individual coverage type:

Comprehensive $238
Collision $450
Liability $452

Prices include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all 50 states and Corolla iM models.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from the cheapest price of $504 for a discount liability-only rate to a high rate of $2,820 for coverage for higher-risk drivers.

Liability Only $504
Full Coverage $1,298
High Risk $2,820

Price Range by Location

Choosing to live in a large city can have significant affects on the price of auto insurance. Rural locations tend to have more infrequent physical damage claims than congested cities.

The graphic below illustrates how your location can change auto insurance prices.

Rural Areas $974
Small Cities $1,363
Large Cities $1,752

These examples illustrate why all drivers should compare rates quotes using their specific location and their own driving history, instead of using rate averages.

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.

Rates by State, City, and Model

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

  • The best full coverage rate is $752
  • Raising to $1,000 deductibles will save $156 each year
  • The average price for a 40-year-old driver who chooses $500 deductibles is $1,298
  • Buying low deductibles increases the price to $1,602
  • At-risk drivers with multiple tickets or accidents could pay around $2,820 or more
  • The cost to insure a teen driver can cost $4,998

View Chart as Image

Toyota Corolla iM insurance cost comparison chart
Column chart showing full coverage Toyota Corolla iM insurance rates range from $752 to $4,998

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

Opting for high physical damage deductibles can reduce rates by up to $460 every year, whereas increasing liability limits will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $407 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles may pay as little as $1,200 every 12 months on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will have to pay in the ballpark of $4,900 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying anywhere from $1,600 to $2,200 in extra premium per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 44% to 137% more than the average rate. View High Risk Driver Rates

Where you live also has a big influence on Toyota Corolla iM insurance prices. A middle-age driver might find rates as low as $850 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,750 on average in Florida, New York, and Michigan.

Toyota Corolla iM Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,174 -$124 -9.6%
Alaska $994 -$304 -23.4%
Arizona $1,076 -$222 -17.1%
Arkansas $1,298 -$0 0.0%
California $1,478 $180 13.9%
Colorado $1,240 -$58 -4.5%
Connecticut $1,336 $38 2.9%
Delaware $1,468 $170 13.1%
Florida $1,624 $326 25.1%
Georgia $1,198 -$100 -7.7%
Hawaii $932 -$366 -28.2%
Idaho $878 -$420 -32.4%
Illinois $966 -$332 -25.6%
Indiana $976 -$322 -24.8%
Iowa $876 -$422 -32.5%
Kansas $1,232 -$66 -5.1%
Kentucky $1,772 $474 36.5%
Louisiana $1,922 $624 48.1%
Maine $802 -$496 -38.2%
Maryland $1,068 -$230 -17.7%
Massachusetts $1,038 -$260 -20.0%
Michigan $2,254 $956 73.7%
Minnesota $1,086 -$212 -16.3%
Mississippi $1,554 $256 19.7%
Missouri $1,150 -$148 -11.4%
Montana $1,392 $94 7.2%
Nebraska $1,024 -$274 -21.1%
Nevada $1,556 $258 19.9%
New Hampshire $936 -$362 -27.9%
New Jersey $1,450 $152 11.7%
New Mexico $1,150 -$148 -11.4%
New York $1,368 $70 5.4%
North Carolina $748 -$550 -42.4%
North Dakota $1,064 -$234 -18.0%
Ohio $896 -$402 -31.0%
Oklahoma $1,332 $34 2.6%
Oregon $1,188 -$110 -8.5%
Pennsylvania $1,238 -$60 -4.6%
Rhode Island $1,732 $434 33.4%
South Carolina $1,176 -$122 -9.4%
South Dakota $1,096 -$202 -15.6%
Tennessee $1,136 -$162 -12.5%
Texas $1,566 $268 20.6%
Utah $960 -$338 -26.0%
Vermont $890 -$408 -31.4%
Virginia $778 -$520 -40.1%
Washington $1,002 -$296 -22.8%
West Virginia $1,188 -$110 -8.5%
Wisconsin $900 -$398 -30.7%
Wyoming $1,156 -$142 -10.9%

View Chart as Image

Toyota Corolla iM insurance rates by U.S. city

With so much variability in rates, the only way to figure out who has the best car insurance rates is to do a rate comparison and see which company has the best rate. Every auto insurance company utilizes a different rate formula, 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 $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 Shop for the Right Toyota Corolla iM Insurance

Saving money on car insurance consists of having a decent driving record, having a good credit score, avoid buying unnecessary coverage, and not having any coverage lapses. Invest the time to shop around at least once a year by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local insurance agencies.

The following items are a quick rundown of the primary concepts that were illustrated above.

  • It is possible to save around $150 per year simply by quoting online in advance
  • Higher risk drivers with reckless driving or DUI convictions may have to pay on average $1,520 more per year than a driver with a clean driving record
  • Increasing deductibles could save as much as $450 each year
  • 16 to 18-year-old drivers have the highest car insurance rates, costing up to $417 per month if comprehensive and collision insurance is included

Rates by Driver Age

Toyota Corolla iM Insurance Rates by Driver Age
Driver Age Premium
16 $4,998
20 $3,012
30 $1,342
40 $1,298
50 $1,188
60 $1,166

Full coverage, $500 deductibles

Rates by Deductible

Toyota Corolla iM Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,602
$250 $1,462
$500 $1,298
$1,000 $1,142

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla iM Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,298
50/100 $1,388
100/300 $1,501
250/500 $1,795
100 CSL $1,434
300 CSL $1,682
500 CSL $1,863

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Corolla iM Insurance Rates for High Risk Drivers
Age Premium
16 $7,112
20 $4,800
30 $2,870
40 $2,820
50 $2,696
60 $2,674

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 $183

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $68
Multi-vehicle $70
Homeowner $20
5-yr Accident Free $93
5-yr Claim Free $84
Paid in Full/EFT $57
Advance Quote $63
Online Quote $91
Total Discounts $546
Rate after discounts $752

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

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