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Are Toyota Corollas Expensive to Insure?

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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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Jul 27, 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 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.

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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