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: Mar 15, 2023

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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.

Estimated insurance rates for a Toyota Corolla are $1,298 a year including full coverage. Comprehensive costs approximately $238 a year, collision insurance costs $450, and liability is estimated at $452. Liability-only insurance costs approximately $504 a year, and high-risk driver insurance costs around $2,820. Teen drivers pay the most at up to $4,998 a year.

Average premium for full coverage: $1,298

Premium estimates by type of coverage:

Comprehensive $238
Collision $450
Liability $452

Full coverage includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and Corolla trim levels.

Insurance Price Range by Risk and Coverage

Using a 40-year-old driver as an example, insurance rates for a Toyota Corolla range from as low as $504 for just the minimum liability insurance to a high of $2,820 for a driver who requires high-risk insurance.

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

Insurance Price Range by Location

Living in a larger city can have significant affects on car insurance prices. Rural locations are statistically proven to have a lower frequency of comprehensive and collision claims than larger metro areas. The diagram below illustrates how rural and urban location affects auto insurance prices.

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

These rate differences highlight why it is important to get quotes using their specific location and risk profile, instead of using price 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 Analysis

The chart below breaks down average Toyota Corolla insurance rates for additional coverage and risk scenarios.

  • The lowest rate with discounts is $752
  • Choosing higher $1,000 deductibles can save $1,142 every year
  • The average rate for a 40-year-old good driver who chooses $500 deductibles is $1,298
  • Choosing low $100 deductibles for comp and collision coverage will increase the cost to $1,602
  • Unlucky drivers with multiple violations and an at-fault accident could pay around $2,820
  • An auto insurance policy for full coverage for a teen driver can cost $4,998 each year

View Chart as Image

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

Insurance prices for a Toyota Corolla also have a wide range based on your driving characteristics, the model of your Corolla, and physical damage deductibles and liability limits.

Older drivers with no violations or accidents and high deductibles may pay as little as $1,200 annually on average, or $100 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers should be prepared to pay in the ballpark of $4,900 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Toyota Corolla insurance prices. A good driver about age 40 could pay as low as $1,000 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,850 on average in Louisiana, New York, and Michigan.

Toyota Corolla 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 insurance rates by U.S. city

Choosing high deductibles can save as much as $460 every year, while buying higher liability limits will push prices upward. Changing from a 50/100 limit to a 250/500 limit will cost up to $407 more each year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are likely paying anywhere from $1,600 to $2,200 additional annually, depending on your age. A high-risk auto insurance policy ranges as much as 44% to 137% more than average. View High Risk Driver Rates

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 $1,298 $108
Toyota Corolla S $1,298 $108
Toyota Corolla XLE $1,298 $108
Toyota Corolla XRS $1,334 $111

Rates assume 2017 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
2020 Toyota Corolla $272 $524 $416 $1,370
2019 Toyota Corolla $262 $502 $430 $1,352
2017 Toyota Corolla $238 $450 $452 $1,298
2016 Toyota Corolla $230 $424 $456 $1,268
2015 Toyota Corolla $220 $380 $460 $1,218
2014 Toyota Corolla $206 $350 $460 $1,174
2013 Toyota Corolla $198 $328 $464 $1,148
2012 Toyota Corolla $194 $306 $474 $1,132
2011 Toyota Corolla $180 $284 $474 $1,096
2010 Toyota Corolla $174 $258 $478 $1,068
2009 Toyota Corolla $162 $236 $474 $1,030
2008 Toyota Corolla $152 $214 $474 $998
2007 Toyota Corolla $148 $192 $468 $966
2006 Toyota Corolla $146 $188 $460 $952
2005 Toyota Corolla $144 $178 $452 $932
2004 Toyota Corolla $132 $170 $446 $906
2003 Toyota Corolla $126 $162 $442 $888

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 Find More Affordable Toyota Corolla Insurance

Finding better rates on car insurance takes avoiding accidents and claims, having a good credit history, refrain from filing small claims, and consideration of higher deductibles. Set aside time to shop around at every other renewal by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The points below are a summary of the concepts that were raised in the charts and tables above.

  • Higher risk drivers who have multiple accidents or major violations could be forced to pay on average $1,520 more per year to insure a Toyota Corolla
  • Drivers under the age of 20 are the costliest to insure, with the cost nearing $417 per month including comprehensive and collision insurance
  • You may be able to save around $150 per year just by quoting early and online
  • Increasing policy deductibles can save around $450 each year
  • You may be able to save around $150 per year just by quoting early and online

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 $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 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 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,298
50/100 $1,424
100/300 $1,537
250/500 $1,831
100 CSL $1,470
300 CSL $1,718
500 CSL $1,899

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Corolla 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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