Toyota Corolla Insurance Rates
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UPDATED: Jun 1, 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.
Average auto insurance rates for a Toyota Corolla are $1,374 annually with full coverage. Comprehensive costs approximately $282, collision insurance costs $536, and liability costs around $398. Buying just liability costs as low as $460 a year, and insurance for high-risk drivers costs around $2,982. Teenage drivers receive the highest rates at up to $5,156 a year.
Average premium for full coverage: $1,374
Rate estimates by individual coverage type:
Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes uninsured motorist and medical coverage. Rates are averaged for all U.S. states and for all Corolla models.
Price Range by Coverage and Risk
For the average driver, prices range range from as cheap as $460 for the bare minimum liability coverage to the much higher price of $2,982 for a policy for a high-risk driver.
Price Range by Location
Where you live can have significant affects on the price of insurance. Rural locations tend to have fewer collision claims than densely populated cities. The example below illustrates how location impacts auto insurance prices.
These examples demonstrate why everyone should compare prices using their specific location and their own personal driving habits, instead of 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.
Additional Rate Information
The chart below details average Toyota Corolla insurance rates for additional coverage and risk scenarios.
- The best discount rate is $790
- Using higher $1,000 deductibles will save $186 annually
- The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,374
- Using pricier low deductibles for physical damage coverage will cost $1,736
- Drivers who are prone to accidents and violations could pay around $2,982
- The cost with full coverage for a teen driver for full coverage can cost $5,156 or more
Auto insurance rates for a Toyota Corolla can also vary considerably based on the trim level of your Corolla, your driving record, and physical damage deductibles and liability limits.
A more mature driver with a good driving record and high physical damage deductibles may pay as little as $1,300 a year for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay in the ballpark of $5,100 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 $1,600 to $2,200 in extra premium per year, depending on your age. Toyota Corolla insurance for high-risk drivers can be as much as 43% to 130% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles could cut rates by as much as $550 every year, whereas buying more liability protection will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $358 extra every year. View Rates by Deductible or Liability Limit
Where you live has a huge impact on Toyota Corolla insurance prices. A driver around age 40 might see rates as low as $990 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,860 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,242 | -$132 | -9.6% |
| Alaska | $1,056 | -$318 | -23.1% |
| Arizona | $1,142 | -$232 | -16.9% |
| Arkansas | $1,374 | -$0 | 0.0% |
| California | $1,568 | $194 | 14.1% |
| Colorado | $1,312 | -$62 | -4.5% |
| Connecticut | $1,416 | $42 | 3.1% |
| Delaware | $1,556 | $182 | 13.2% |
| Florida | $1,720 | $346 | 25.2% |
| Georgia | $1,270 | -$104 | -7.6% |
| Hawaii | $988 | -$386 | -28.1% |
| Idaho | $930 | -$444 | -32.3% |
| Illinois | $1,026 | -$348 | -25.3% |
| Indiana | $1,034 | -$340 | -24.7% |
| Iowa | $928 | -$446 | -32.5% |
| Kansas | $1,308 | -$66 | -4.8% |
| Kentucky | $1,876 | $502 | 36.5% |
| Louisiana | $2,034 | $660 | 48.0% |
| Maine | $850 | -$524 | -38.1% |
| Maryland | $1,132 | -$242 | -17.6% |
| Massachusetts | $1,100 | -$274 | -19.9% |
| Michigan | $2,390 | $1,016 | 73.9% |
| Minnesota | $1,152 | -$222 | -16.2% |
| Mississippi | $1,648 | $274 | 19.9% |
| Missouri | $1,220 | -$154 | -11.2% |
| Montana | $1,476 | $102 | 7.4% |
| Nebraska | $1,084 | -$290 | -21.1% |
| Nevada | $1,650 | $276 | 20.1% |
| New Hampshire | $990 | -$384 | -27.9% |
| New Jersey | $1,538 | $164 | 11.9% |
| New Mexico | $1,220 | -$154 | -11.2% |
| New York | $1,448 | $74 | 5.4% |
| North Carolina | $792 | -$582 | -42.4% |
| North Dakota | $1,126 | -$248 | -18.0% |
| Ohio | $950 | -$424 | -30.9% |
| Oklahoma | $1,412 | $38 | 2.8% |
| Oregon | $1,260 | -$114 | -8.3% |
| Pennsylvania | $1,312 | -$62 | -4.5% |
| Rhode Island | $1,836 | $462 | 33.6% |
| South Carolina | $1,248 | -$126 | -9.2% |
| South Dakota | $1,160 | -$214 | -15.6% |
| Tennessee | $1,204 | -$170 | -12.4% |
| Texas | $1,658 | $284 | 20.7% |
| Utah | $1,018 | -$356 | -25.9% |
| Vermont | $940 | -$434 | -31.6% |
| Virginia | $822 | -$552 | -40.2% |
| Washington | $1,064 | -$310 | -22.6% |
| West Virginia | $1,260 | -$114 | -8.3% |
| Wisconsin | $952 | -$422 | -30.7% |
| Wyoming | $1,224 | -$150 | -10.9% |
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Toyota Corolla LE | $1,374 | $115 |
| Toyota Corolla S | $1,374 | $115 |
| Toyota Corolla XLE | $1,374 | $115 |
| Toyota Corolla XRS | $1,416 | $118 |
Rates assume 2023 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.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Toyota Corolla | $294 | $542 | $390 | $1,384 |
| 2023 Toyota Corolla | $282 | $536 | $398 | $1,374 |
| 2022 Toyota Corolla | $272 | $524 | $416 | $1,370 |
| 2021 Toyota Corolla | $262 | $502 | $430 | $1,352 |
| 2020 Toyota Corolla | $248 | $484 | $442 | $1,332 |
| 2019 Toyota Corolla | $238 | $450 | $452 | $1,298 |
| 2018 Toyota Corolla | $230 | $424 | $456 | $1,268 |
| 2017 Toyota Corolla | $220 | $380 | $460 | $1,218 |
| 2016 Toyota Corolla | $206 | $350 | $460 | $1,174 |
| 2015 Toyota Corolla | $198 | $328 | $464 | $1,148 |
| 2014 Toyota Corolla | $194 | $306 | $474 | $1,132 |
| 2013 Toyota Corolla | $180 | $284 | $474 | $1,096 |
| 2012 Toyota Corolla | $174 | $258 | $478 | $1,068 |
| 2011 Toyota Corolla | $162 | $236 | $474 | $1,030 |
| 2010 Toyota Corolla | $152 | $214 | $474 | $998 |
| 2009 Toyota Corolla | $148 | $192 | $468 | $966 |
| 2008 Toyota Corolla | $146 | $188 | $460 | $952 |
| 2007 Toyota Corolla | $144 | $178 | $452 | $932 |
| 2006 Toyota Corolla | $132 | $170 | $446 | $906 |
| 2005 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 Buy More Affordable Toyota Corolla Insurance
Saving money on car insurance requires avoiding accidents and violations, having above-average credit, eliminating unnecessary coverage, and possibly higher deductibles. Spend time shopping around every year by getting rate quotes from direct companies like Progressive and GEICO, and also from your local independent and exclusive agents.
The list below is a summary of the coverage data touched on above.
- You may be able to save around $170 per year just by quoting online well ahead of the renewal date
- Increasing deductibles could save up to $550 each year
- Teenagers have the highest car insurance rates, with premiums as much as $430 per month if full coverage is included
- Higher risk drivers who have multiple accidents or major violations may pay on average $1,610 more per 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 Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2020 Toyota Corolla Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Toyota Corolla 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Toyota Corolla 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2018 Toyota Corolla IM 5 HB FWD | N/R | N/R | N/R | N/R |
| 2018 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2017 Toyota Corolla 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2016 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 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 Category | Loss Rate |
|---|---|
| Collision | 33% |
| Property Damage | 11% |
| Comprehensive | -6% |
| Personal Injury | 56% |
| Medical Payment | 58% |
| Bodily Injury | 28% |
| 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.
References
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,156 |
| 20 | $3,190 |
| 30 | $1,436 |
| 40 | $1,374 |
| 50 | $1,258 |
| 60 | $1,234 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,736 |
| $250 | $1,568 |
| $500 | $1,374 |
| $1,000 | $1,188 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,374 |
| 50/100 | $1,496 |
| 100/300 | $1,595 |
| 250/500 | $1,854 |
| 100 CSL | $1,535 |
| 300 CSL | $1,754 |
| 500 CSL | $1,914 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,356 |
| 20 | $5,072 |
| 30 | $3,046 |
| 40 | $2,982 |
| 50 | $2,846 |
| 60 | $2,822 |
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 | $73 |
| Multi-vehicle | $72 |
| Homeowner | $20 |
| 5-yr Accident Free | $102 |
| 5-yr Claim Free | $89 |
| Paid in Full/EFT | $63 |
| Advance Quote | $68 |
| Online Quote | $97 |
| Total Discounts | $584 |
Discounts are estimated and may not be available from every company or in every state.
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