Best Toyota Corolla Car Insurance Quotes (2024)
Average Toyota Corolla insurance rates are $117/mo for full coverage and $47/mo for liability-only policies. Toyota Corolla insurance costs around $119 less per year than the average vehicle, and good drivers can save up to $577 a year by remaining claim-free.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Dec 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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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 cost less than the average vehicle, with full coverage averaging $1,400 a year or $117 a month. The highest rates are for teenagers who fall into the high-risk category and will pay around $5,117 a year or $426 a month. Good drivers can save up to $577 a year by remaining claim-free.
Let’s take a look at Toyota Corolla insurance rates, crash test ratings, and 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 car insurance costs for a Toyota Corolla 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 Cadillac CTS, Ford Fusion, and Audi A3.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Toyota Corolla | $308 | $562 | $372 | $1,400 |
| Cadillac CTS | $320 | $626 | $398 | $1,502 |
| Ford Fusion | $336 | $626 | $372 | $1,492 |
| Audi A3 | $282 | $566 | $398 | $1,404 |
| Nissan Sentra | $254 | $570 | $390 | $1,372 |
| Audi S4 | $370 | $744 | $338 | $1,588 |
| Toyota Camry | $294 | $570 | $390 | $1,412 |
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?
The Toyota Corolla trim and model you choose can impact the total price you will pay for Toyota Corolla auto insurance coverage.
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 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. For example, 20-year-old drivers pay approximately $1,712 more each year for their Toyota Corolla auto insurance than 30-year-old drivers.
Driver Location
Where you live can have a large impact on Toyota Corolla insurance rates. For example, drivers in Jacksonville may pay $840 a year more than drivers in Indianapolis.
Your Driving Record
Your driving record can have an impact on the cost of Toyota Corolla car 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 car insurance rates are tied to the safety ratings of the Toyota Corolla. 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
The crash test ratings of the Toyota Corolla can impact your Toyota Corolla car insurance rates.
| 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
Toyota Corolla safety features can lower the cost of your insurance. The safety features for the 2020 Toyota Corolla 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 Assist
Toyota Corolla Insurance Loss Probability
Review the Toyota Corolla car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Toyota Corolla auto insurance costs; higher percentages mean higher Toyota Corolla auto insurance costs.
| 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, most lenders will require your carry higher Toyota Corolla coverage options including comprehensive coverage, so be sure to shop around and compare Toyota Corolla car insurance quotes from the best companies using our FREE tool below.
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Ways to Save on Toyota Corolla Insurance
You have more options at your disposal to save money on your Toyota Corolla car insurance costs. For example, try these five tips:
- Move to the Countryside
- Check Your Toyota Corolla Policy Carefully to Ensure All Information is Correct
- Take a Defensive Driving Course or Any Driver’s Education Course
- Ask for a New Toyota Corolla Auto Insurance Rate Based on Your Improved Credit Score
- Ask About Farm and Ranch Vehicle Discounts
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 | |||
Compare Free Toyota Corolla Insurance Quotes Online
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.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Frequently Asked Questions
What factors affect the cost of Toyota Corolla car insurance?
The cost of Toyota Corolla car insurance can be affected by several factors, such as the driver’s age, driving record, location, coverage options, and the value of the vehicle. Other factors that may affect insurance costs include the vehicle’s safety features, its theft rate, and the frequency of accidents involving that model.
What type of coverage should I get for my Toyota Corolla?
The type of coverage you should get for your Toyota Corolla will depend on your individual needs and budget. Generally, it is recommended to have liability insurance, which covers damages to other people and property in case you are at fault in an accident. Additionally, you may want to consider collision and comprehensive coverage, which can cover damages to your vehicle in the event of an accident or other covered incidents.
How can I find the best car insurance for my Toyota Corolla?
To find the best car insurance for your Toyota Corolla, you can start by comparing quotes from different insurance providers. You can also ask for recommendations from friends or family members who own a similar vehicle or check online reviews of insurance companies. Additionally, consider factors such as the insurer’s financial strength, customer service, and claims handling process when choosing a car insurance provider.
Are there any discounts available for Toyota Corolla car insurance?
Yes, there may be discounts available for Toyota Corolla car insurance. Insurance companies may offer discounts for factors such as having a good driving record, installing safety features in your vehicle, bundling your car insurance with other policies, or completing a defensive driving course. Be sure to ask your insurance provider about any available discounts.
How much does Toyota Corolla car insurance cost on average?
The cost of Toyota Corolla car insurance can vary depending on various factors such as your age, driving record, location, and coverage options. On average, car insurance for the Toyota Corolla may cost around $1,000 to $1,500 per year. However, this can vary significantly depending on individual circumstances and the insurance provider you choose.
Can I lower my Toyota Corolla car insurance premiums?
Yes, there are several ways to lower your Toyota Corolla car insurance premiums. Consider raising your deductible, as this can lower your premiums but will also increase your out-of-pocket costs if you have an accident. You can also inquire about discounts for factors such as being a safe driver, installing safety features in your vehicle, or bundling your car insurance with other policies.
What should I do if I need to file a claim for my Toyota Corolla?
If you need to file a claim for your Toyota Corolla, contact your insurance provider as soon as possible. Be prepared to provide detailed information about the incident, such as the date, time, and location of the accident, as well as the names and contact information of any other parties involved. Your insurance provider will guide you through the claims process and may require you to obtain an estimate for repairs or other expenses.
Is it possible to purchase Toyota Corolla car insurance online?
Yes, many insurance providers offer the option to purchase Toyota Corolla car insurance online. This can be a convenient and efficient way to compare quotes, select coverage options, and purchase a policy. However, be sure to research the insurance provider and read the policy carefully before making a purchase online.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.