How Much is Insurance for a Toyota Corolla?

Average auto insurance rates for a Toyota Corolla cost $1,400 a year, or around $117 a month. You can find cheap Toyota Corolla insurance rates if you are a good driver—Mature drivers with good driving records may find rates as low as $823 a year.

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 31, 2020

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Key takeaways:

  • Full coverage costs around $1,400 a year or $117 each month
  • A liability-only policy costs around $561 a year or $47 each month
  • Highest rates are for teenage drivers at around $5,117 a year or $426 each month
  • Good drivers can save as much as $577 a year by earning policy discounts
  • Toyota Corolla insurance costs around $119 less per year than the average vehicle

Toyota Corolla insurance rates shouldn’t stress drivers out. Full coverage for a Toyota Corolla costs around $1,400 a year or $117 each month. There are ways to save on insurance rates for a Toyota Corolla, which we cover in our comprehensive guide. Read more.

You can start comparing quotes for Toyota Corolla car insurance rates from some of the best car insurance companies by using our free online tool now.

Toyota Corolla Insurance Cost

The average Toyota Corolla car insurance costs are $1,400 a year or $117 a month.

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Are Toyota Corollas Expensive to Insure?

The chart below details how Toyota Corolla insurance rates compare to other sedans like the MINI Hardtop 4 Door, Hyundai Elantra, and Subaru Impreza.

Vehicle Comprehensive Collision Liability Total
Toyota Corolla $308 $562 $372 $1,400
MINI Hardtop 4 Door $294 $566 $398 $1,416
Hyundai Elantra $280 $562 $372 $1,372
Subaru Impreza $320 $542 $390 $1,410
Toyota Avalon $320 $536 $338 $1,330
Ford Focus $244 $536 $398 $1,336
Audi S4 $370 $744 $338 $1,588
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However, there are a few things you can do to find the cheapest Toyota insurance rates online.

What Impacts the Cost of Toyota Corolla Insurance?

Even though the average annual rate for the Toyota Corolla is $1,400, your policy can be higher or lower depending upon your profile. Those factors include your age, home address, driving history, and the model year of your Toyota Corolla.

Age of the Vehicle

The average Toyota Corolla car insurance rates are higher for newer models. For example, car insurance rates for a 2020 Toyota Corolla are $1,400, while a 2010 Toyota Corolla rates are $1,148, a difference of $252.

Model Year Comprehensive Collision Liability Total
2020 Toyota Corolla $308 $562 $372 $1,400
2019 Toyota Corolla $294 $542 $390 $1,384
2018 Toyota Corolla $282 $536 $398 $1,374
2017 Toyota Corolla $272 $524 $416 $1,370
2016 Toyota Corolla $262 $502 $430 $1,352
2015 Toyota Corolla $248 $484 $442 $1,332
2014 Toyota Corolla $238 $450 $452 $1,298
2013 Toyota Corolla $230 $424 $456 $1,268
2012 Toyota Corolla $220 $380 $460 $1,218
2011 Toyota Corolla $206 $350 $460 $1,174
2010 Toyota Corolla $198 $328 $464 $1,148
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Driver Age

Driver age can have a significant impact on Toyota Corolla auto insurance rates. As an example, a 40-year-old driver could pay $148 less each month for their Toyota Corolla auto insurance compared to a 20-year-old driver.

Driver Location

Where you live can have a large impact on Toyota Corolla insurance rates. For example, drivers in Los Angeles may pay $518 a year more than drivers in Philadelphia.

Your Driving Record

Your driving record can have an impact on the cost of Toyota Corolla auto insurance. Teens and drivers in their 20’s see the highest jump in their Toyota Corolla auto insurance rates with violations on their driving record.

Toyota Corolla Safety Ratings

Your Toyota Corolla auto insurance rates are influenced by the Toyota Corolla’s safety ratings. See the breakdown below:

Test Type Rating
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
Source: Insurance Institute for Highway Safety
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Toyota Corolla Crash Test Ratings

Toyota Corolla crash test ratings can impact the cost of your Toyota Corolla car insurance. See Toyota Corolla crash test results below:

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
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Toyota Corolla Safety Features

The Toyota Corolla safety features play a vital role in keeping passengers safe in crashes, but they can also help lower your Toyota Corolla auto insurance rates. The Toyota Corolla’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control
  • Lane Departure Warning
  • Lane Keeping AssistToyota Corolla Insurance Loss Probability

The lower percentage means lower Toyota Corolla auto insurance rates; higher percentages mean higher Toyota Corolla car insurance rates. The Toyota Corolla’s insurance loss probability varies for each form of coverage.

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
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Toyota Corolla Finance and Insurance Cost

If you are financing a Toyota Corolla, you will pay more if you purchase Toyota Corolla auto insurance at the dealership, so be sure to shop around and compare Toyota Corolla auto insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Toyota Corolla Insurance

There are several ways you can save even more on your Toyota Corolla car insurance rates. Take a look at the following five tips:

  • Understand the Different Types of Auto Insurance for Your Toyota Corolla
  • Ask About Toyota Corolla Low Mileage Discounts
  • Remove Unnecessary Insurance Once Your Toyota Corolla is Paid Off
  • Ask Your Insurance Company About Toyota Corolla Discounts
  • Take Advantage of Referral Fees

Top Toyota Corolla Insurance Companies

Several insurance companies offer competitive rates for the Toyota Corolla based on factors like discounts for safety features. Take a look at these top car insurance companies that are popular with Toyota Corolla drivers organized by market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Crash Test Safety Ratings

Year Overall Frontal Crash Side Crash Rollover
2015
0
0
5
5
2014
5
5
5
5
2013
4
4
5
5
2012
4
4
5
5
2011
3
4
2
2

Crash Avoidence Features

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