Toyota Corolla 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: Apr 8, 2024

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What is the cost to insure a Toyota Corolla? The average Toyota Corolla insurance rates are $1,400 a year, or $116 a month. Some people might be asking, “why is a Toyota Corolla so expensive to insure?” One contributing factor is its theft rate.

Read on to learn what you can do to save on Toyota Corolla insurance rates.

Ready to start shopping for everything from 2004 Toyota Corolla insurance rates to 2019 Toyota Corolla insurance rates? Before you buy Toyota Corolla car insurance, make sure to compare rates from multiple insurance companies.

Enter your ZIP code in our free tool to get started on finding the best Toyota Corolla insurance cost. We’ll point you to affordable Toyota Corolla car insurance quotes in your area.

Average auto insurance rates for a Toyota Corolla are $1,400 annually for full coverage. Comprehensive costs on average $308, collision costs $562, and liability coverage costs $372. Buying just liability costs as little as $438 a year, with insurance for high-risk drivers costing around $3,030. Teenage drivers receive the highest rates at $5,174 a year or more.

Average premium for full coverage: $1,400

Rate estimates by individual coverage type:

Comprehensive $308
Collision $562
Liability $372

Includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all states and for different Corolla trim levels.

Price Range by Coverage and Risk

For the average driver, prices range go from as cheap as $438 for a discount liability-only rate to a much higher rate of $3,030 for a driver that may need high-risk insurance.

Liability Only $438
Full Coverage $1,400
High Risk $3,030

Price Range by Location

Your location has a large influence on car insurance rates. Rural areas tend to have fewer accident claims than densely populated cities.

The price range example below illustrates how location impacts car insurance rates.

Rural Areas $1,050
Small Cities $1,470
Large Cities $1,890

These examples show why anyone shopping for car insurance should compare rates based on a specific location and their own personal driving habits, rather than using 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.

Rates by State, City, and Model

The chart below shows estimated Toyota Corolla insurance rates for different risk profiles and scenarios.

  • The best discount rate is $804
  • Drivers who choose higher $1,000 deductibles will pay around $196 a year
  • The estimated rate for a 40-year-old driver with $500 deductibles is $1,400
  • Using more expensive low deductibles for comprehensive and collision insurance will cost $1,786
  • High-risk insureds who are prone to accidents and violations could pay upwards of $3,030 or more
  • The cost with full coverage for a teenage driver with full coverage may cost $5,174 a year

View Chart as Image

Toyota Corolla insurance cost comparison chart
Column chart showing full coverage Toyota Corolla insurance rates range from $804 to $5,174

Auto insurance rates for a Toyota Corolla can also vary considerably based on the trim level of your Corolla, your driver profile, and policy deductibles and limits.

An older driver with a good driving record and high physical damage deductibles may only pay around $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay upwards of $5,100 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying at a minimum $1,700 to $2,300 in extra premium per year, depending on your age. High-risk driver insurance can cost around 44% to 136% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $590 a year, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $335 extra every year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Toyota Corolla insurance rates. A 40-year-old driver could pay as low as $920 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,000 on average in Michigan, Louisiana, and New York.

Toyota Corolla Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,266 -$134 -9.6%
Alaska $1,076 -$324 -23.1%
Arizona $1,164 -$236 -16.9%
Arkansas $1,400 -$0 0.0%
California $1,596 $196 14.0%
Colorado $1,340 -$60 -4.3%
Connecticut $1,440 $40 2.9%
Delaware $1,586 $186 13.3%
Florida $1,754 $354 25.3%
Georgia $1,294 -$106 -7.6%
Hawaii $1,008 -$392 -28.0%
Idaho $948 -$452 -32.3%
Illinois $1,046 -$354 -25.3%
Indiana $1,054 -$346 -24.7%
Iowa $946 -$454 -32.4%
Kansas $1,332 -$68 -4.9%
Kentucky $1,912 $512 36.6%
Louisiana $2,076 $676 48.3%
Maine $866 -$534 -38.1%
Maryland $1,156 -$244 -17.4%
Massachusetts $1,122 -$278 -19.9%
Michigan $2,434 $1,034 73.9%
Minnesota $1,174 -$226 -16.1%
Mississippi $1,678 $278 19.9%
Missouri $1,244 -$156 -11.1%
Montana $1,504 $104 7.4%
Nebraska $1,106 -$294 -21.0%
Nevada $1,680 $280 20.0%
New Hampshire $1,010 -$390 -27.9%
New Jersey $1,566 $166 11.9%
New Mexico $1,240 -$160 -11.4%
New York $1,476 $76 5.4%
North Carolina $808 -$592 -42.3%
North Dakota $1,146 -$254 -18.1%
Ohio $966 -$434 -31.0%
Oklahoma $1,440 $40 2.9%
Oregon $1,284 -$116 -8.3%
Pennsylvania $1,338 -$62 -4.4%
Rhode Island $1,868 $468 33.4%
South Carolina $1,270 -$130 -9.3%
South Dakota $1,182 -$218 -15.6%
Tennessee $1,228 -$172 -12.3%
Texas $1,688 $288 20.6%
Utah $1,038 -$362 -25.9%
Vermont $958 -$442 -31.6%
Virginia $840 -$560 -40.0%
Washington $1,084 -$316 -22.6%
West Virginia $1,284 -$116 -8.3%
Wisconsin $972 -$428 -30.6%
Wyoming $1,250 -$150 -10.7%

View Chart as Image

Toyota Corolla insurance rates by U.S. city

With so much variability in rates, the only way to know exactly what you will pay is to compare rates and see how they stack up. Every company uses a different method to calculate rates, and quoted rates can be significantly different between companies.

Insurance Rates by Trim Level and Model Year

Toyota Corolla Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Corolla LE $1,400 $117
Toyota Corolla S $1,400 $117
Toyota Corolla XLE $1,400 $117
Toyota Corolla XRS $1,446 $121

Rates assume 2024 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Toyota Corolla Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Toyota Corolla $308 $562 $372 $1,400
2023 Toyota Corolla $294 $542 $390 $1,384
2022 Toyota Corolla $282 $536 $398 $1,374
2021 Toyota Corolla $272 $524 $416 $1,370
2020 Toyota Corolla $262 $502 $430 $1,352
2019 Toyota Corolla $248 $484 $442 $1,332
2018 Toyota Corolla $238 $450 $452 $1,298
2017 Toyota Corolla $230 $424 $456 $1,268
2016 Toyota Corolla $220 $380 $460 $1,218
2015 Toyota Corolla $206 $350 $460 $1,174
2014 Toyota Corolla $198 $328 $464 $1,148
2013 Toyota Corolla $194 $306 $474 $1,132
2012 Toyota Corolla $180 $284 $474 $1,096
2011 Toyota Corolla $174 $258 $478 $1,068
2010 Toyota Corolla $162 $236 $474 $1,030
2009 Toyota Corolla $152 $214 $474 $998
2008 Toyota Corolla $148 $192 $468 $966
2007 Toyota Corolla $146 $188 $460 $952
2006 Toyota Corolla $144 $178 $452 $932
2005 Toyota Corolla $132 $170 $446 $906

Rates are averaged for all Toyota Corolla 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 the Cheapest Toyota Corolla Insurance

Saving money on auto insurance not only requires avoiding accidents and violations, but also having above-average credit, eliminating unneeded coverage, and taking advantage of discounts. Spend time shopping around once a year by getting quotes from direct carriers like Progressive and GEICO, and also from local insurance agents.

The list below is a recap of the data that was touched on above.

  • Drivers can save as much as $170 per year simply by shopping early and online
  • Consumers who require higher liability limits will pay an extra $410 each year to go from a minimum limit to higher 250/500 limits
  • Teenagers are charged the highest rates, costing as high as $431 per month if full coverage is included
  • Drivers that have major violations or accidents may be required to pay an average of $1,630 more each year for car insurance

Shopping for rates will help you save on multiple model years, such as 2020, 2016, 2015, 2014, or 2006 Toyota Corolla insurance rates, as well as every model year over the last decade or two.

So if you are looking for 2013 or 2017 Toyota Corolla insurance costs or Toyota Corolla 2020 insurance costs, start by getting quotes. Enter your ZIP code in our free tool below to get started.

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What are the safety ratings of the Toyota Corolla?

Safety ratings and features help lower the cost of Toyota Corolla insurance. The Toyota Corolla has various airbags, brake assist, electronic stability control, lane departure warning, lane-keeping assist, and many other safety features.

The Insurance Institute for Highway Safety (IIHS) gave the 2020 Toyota Corolla sedan a 2020 Top Safety Pick award because of its safety ratings (below).

  • Small overlap front (driver-side): Good
  • Small overlap front (passenger-side): Good
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

Watch the video below for an example of one of the safety tests on the Toyota Corolla.

Keep in mind that sometimes ratings will vary depending on the year and build, so the Toyota Corolla 2017 insurance cost may be slightly different than the 2019 Toyota Corolla hatchback insurance cost. However, a good safety rating on one build and year generally means a brand is good regardless of the year and build.

Toyota Corolla Crash Tests

Good Toyota Corolla crash tests mean better rates. Take a look at the crash test ratings below.

Toyota Corolla Crash Test Ratings
Vehicle TestedOverallFrontalSideRollover
2020 Toyota Corolla Hybrid 4 DR FWD5 stars5 stars5 stars4 stars
2020 Toyota Corolla 5 HB FWD5 stars5 stars5 stars4 stars
2020 Toyota Corolla 4 DR FWD5 stars5 stars5 stars4 stars
2019 Toyota Corolla 5 HB FWD5 stars5 stars5 stars4 stars
2019 Toyota Corolla 4 DR FWD5 stars4 stars5 stars4 stars
2018 Toyota Corolla IM 5 HB FWDN/RN/RN/RN/R
2018 Toyota Corolla 4 DR FWD5 stars4 stars5 stars4 stars
2017 Toyota Corolla 4 DR FWD5 stars4 stars5 stars4 stars
2016 Toyota Corolla 4 DR FWD5 stars5 stars5 stars4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

With multiple 5-star and 4-star ratings, the Toyota Corolla did well.

Toyota Corolla Insurance Loss Probability

If a car has a low insurance loss probability, then it will also have low insurance rates. Likewise, a high insurance loss probability means high rates. Take a look a the table below to see insurance loss probabilities for Toyota Corolla coverages.

Toyota Corolla Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Property Damage11%
Personal Injury56%
Medical Payment58%
Bodily Injury28%
Source: Insurance Institute for Highway Safety

Comprehensive insurance should be the cheapest coverage for a Toyota Corolla, as it has the lowest insurance loss probability.

Toyota Corolla Compared Against Other Vehicles in the Same Class

The Toyota Corolla is a small car, which usually means it can’t do as much damage to other vehicles. However, the IIHS rated the liability losses for the Toyota Corolla’s bodily injury liability as substantially worse than average, which can raise rates. The property damage liability losses for the Toyota Corolla are average.

The list below is of other small cars, so you can compare their rates to the Toyota Corolla’s insurance rates.

Ready to start shopping for insurance for your Toyota Corolla? Whether you want to find Toyota Corolla hatchback insurance or Toyota Corolla SA prices, enter your ZIP code in our free tool to start comparison shopping. Get quotes from multiple Toyota Corolla car insurance companies to find one that fits your needs.



Rates by Driver Age

Toyota Corolla Insurance Rates by Driver Age
Driver Age Premium
16 $5,174
20 $3,236
30 $1,466
40 $1,400
50 $1,280
60 $1,254

Full coverage, $500 deductibles

Rates by Deductible

Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,786
$250 $1,606
$500 $1,400
$1,000 $1,204

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,400
50/100 $1,520
100/300 $1,613
250/500 $1,855
100 CSL $1,558
300 CSL $1,762
500 CSL $1,911

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Corolla Insurance Rates for High Risk Drivers
Age Premium
16 $7,388
20 $5,140
30 $3,098
40 $3,030
50 $2,888
60 $2,862

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 $194

Potential Rate Discounts

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

Discount Savings
Multi-policy $75
Multi-vehicle $72
Homeowner $20
5-yr Accident Free $105
5-yr Claim Free $90
Paid in Full/EFT $65
Advance Quote $70
Online Quote $99
Total Discounts $596
Rate after discounts $804

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

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