Toyota Corolla iM Insurance Rates
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UPDATED: May 1, 2024
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The average insurance prices for a Toyota Corolla iM are $1,298 every 12 months for full coverage insurance. Comprehensive costs an estimated $238, collision costs $450, and liability costs around $452. A liability-only policy costs as low as $504 a year, with high-risk insurance costing around $2,820. 16-year-old drivers cost the most to insure at $4,998 a year or more.
Average premium for full coverage: $1,298
Policy rates broken down by type of insurance:
Price estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and for all Corolla iM models.
Price Range Variability
For the normal driver, Toyota Corolla iM insurance rates go from the cheapest price of $504 for the bare minimum liability coverage to the much higher price of $2,820 for a driver who requires high-risk insurance.
Urban vs. Rural Price Range
Where you live can have significant affects on the price of insurance. More rural locations are shown to have more infrequent physical damage claims than congested cities.
The example below illustrates how geographic area affects insurance prices.
The examples above illustrate why everyone should compare prices for a targeted area 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.
Additional Rate Information
The chart below illustrates estimated Toyota Corolla iM insurance rates for other coverage scenarios.
- The best full coverage rate is $752
- Using higher $1,000 deductibles will save approximately $156 each year
- The average price for a good driver age 40 who has $500 deductibles is $1,298
- Buying pricier low deductibles for physical damage coverage increases the price to $1,602
- Drivers with multiple tickets or accidents could pay up to $2,820 or more
- Policy cost to insure a teen driver for full coverage can cost as much as $4,998 or more
Car insurance rates for a Toyota Corolla iM also range considerably based on liability limits and deductibles, your risk profile, and the model year and trim level.
Opting for high physical damage deductibles could cut rates by as much as $460 every year, whereas buying more liability protection will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $407 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles may pay as little as $1,200 a year, or $100 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged at least $4,900 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you are probably paying $1,600 to $2,200 extra every year, depending on your age. Toyota Corolla iM insurance for high-risk drivers can be as much as 44% to 137% more than the average rate. View High Risk Driver Rates
Your home state has a huge impact on Toyota Corolla iM insurance prices. A driver around age 40 might see 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.
| 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% |
Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to regularly compare rates and see which company has the best rate. Each insurance company utilizes a different rate formula, so rate quotes will be varied.
| 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 Cheaper Toyota Corolla iM Insurance
Finding cheaper rates on car insurance requires avoiding accidents and claims, maintaining a good credit score, being claim-free, and not having any coverage lapses. Invest the time to compare rates at every other renewal by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.
The points below are a condensed summary of the concepts that were presented in the illustrations above.
- Higher risk drivers with multiple at-fault accidents could be forced to pay on average $1,520 more annually to insure a Toyota Corolla iM
- Drivers under the age of 20 have the highest car insurance rates, possibly costing $417 each month if the policy includes full coverage
- It is possible to save approximately $150 per year simply by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles could save as much as $450 each year
- It is possible to save approximately $150 per year simply by quoting online well ahead of the renewal date
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $1,602 |
| $250 | $1,462 |
| $500 | $1,298 |
| $1,000 | $1,142 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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