Toyota Corolla Insurance Rates

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Cheapest 2003 Toyota Corolla Insurance Rates in 2025

Tired of not being able to afford to pay your car insurance bill each month? You are no different than many other consumers. Consumers have many insurance companies to purchase coverage from, and although it's a good thing to have multiple companies, lots of choices makes it harder to find the best rates. Finding affordable coverage is quite easy. In a nutshell, every vehicle owner who carri...

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Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...

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UPDATED: Jun 3, 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 prices for a Toyota Corolla are $1,374 every 12 months including full coverage. Comprehensive insurance costs an estimated $282, collision costs $536, and liability coverage costs around $398. A policy with only liability insurance costs as low as $460 a year, with a high-risk policy costing $2,982 or more. Teen drivers pay the most at $5,156 a year or more.

Average premium for full coverage: $1,374

Premium estimates broken down by type of coverage:

Comprehensive $282
Collision $536
Liability $398

Estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all 50 U.S. states and for different Corolla trim levels.

Insurance Price Range by Risk and Coverage

For the average driver, insurance rates for a Toyota Corolla go from the cheapest price of $460 for a discount liability-only rate to a much higher rate of $2,982 for a driver who requires high-risk insurance.

Liability Only $460
Full Coverage $1,374
High Risk $2,982

Insurance Price Range by Location

Where you live has a large influence on the price of auto insurance. More rural locations are statistically proven to have more infrequent comprehensive and collision claims than larger metro areas.

The price range example below illustrates how location impacts insurance prices.

Rural Areas $1,031
Small Cities $1,443
Large Cities $1,855

These rate differences highlight why anyone shopping for car insurance should compare prices for a targeted area and their own driving history, rather than 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.

Rates by State, City, and Model

The chart below breaks down estimated Toyota Corolla insurance rates for other coverage scenarios.

  • The lowest rate with discounts is $790
  • Using higher $1,000 deductibles will save approximately $186 every year
  • The average price for a 40-year-old good driver who has $500 deductibles is $1,374
  • Choosing more expensive low deductibles for physical damage coverage costs an extra $362 each year
  • Higher-risk drivers with multiple violations and an at-fault accident could pay up to $2,982 or more
  • An auto insurance policy to insure a teenage driver with full coverage can cost as much as $5,156 or more

View Chart as Image

Toyota Corolla insurance cost comparison chart
Column chart showing full coverage Toyota Corolla insurance prices range from $790 to $5,156

Car insurance prices for a Toyota Corolla also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the model year and trim level.

Choosing high deductibles could cut prices by as much as $550 a year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $358 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will be charged at least $5,100 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying $1,600 to $2,200 extra annually, depending on your age. High-risk driver insurance can be around 43% to 130% more than average. View High Risk Driver Rates

Where you choose to live has a huge impact on Toyota Corolla insurance rates. A driver around age 40 might see prices as low as $1,050 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,960 on average in Louisiana, New York, and Michigan.

Toyota Corolla Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,242 -$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%

View Chart as Image

Toyota Corolla insurance rates by U.S. city

With such a large range in prices, the best way to figure out which insurance company is cheapest is to compare prices and see how they stack up. Each insurance company uses a different rate calculation, so rate quotes will be substantially different.

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 $1,374 $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.

Toyota Corolla Insurance Rates by Model Year
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 Shop for Low Cost Toyota Corolla Insurance

Finding better rates on auto insurance requires being a low-risk driver, maintaining a good credit score, refrain from filing small claims, and not having any coverage lapses. Spend time shopping around at every other renewal by getting rate quotes from direct car insurance companies, and also from local insurance agencies.

The items below are a review of the concepts that were touched on above.

  • Drivers who have several accidents or serious violations may have to pay on average $1,610 more annually to insure their Corolla
  • Teen drivers have the highest car insurance prices, with the cost nearing $430 per month if the policy includes full coverage
  • You may be able to save approximately $170 per year simply by shopping early and online
  • Increasing policy deductibles could save as much as $550 each year
  • You may be able to save approximately $170 per year simply by shopping 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
Collision33%
Property Damage11%
Comprehensive-6%
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.

References

  1. https://www.iihs.org/ratings/vehicle/toyota/corolla-4-door-sedan/2020
  2. https://www.nhtsa.gov/ratings

Rates by Driver Age

Toyota Corolla Insurance 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

Toyota Corolla Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,736
$250 $1,568
$500 $1,374
$1,000 $1,188

Full coverage, driver age 40

Rates by Liability Limit

Toyota Corolla Insurance Rates with Different Liability Limits
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

Toyota Corolla Insurance 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.

SR-22 Surcharge $193

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
Rate after discounts $790

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

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