Buy Cheap Toyota Corolla Auto Insurance in 2023
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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Written by
Sara Routhier |
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Reviewed by
Cynthia Lanctot
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UPDATED: Jul 15, 2021
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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 |
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 |
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 | |
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 | ||||
|---|---|---|---|---|
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 | |
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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Average
Cost of Insurance
1,365.00 *
Min
845.00 *
Max
2,495.00 *
Crash Avoidence Features
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