Toyota Corolla Insurance [How to Find Low Rates Online]

Average car insurance rates for a Toyota Corolla cost $1,400 a year, or around $117 a month. Good drivers can save as much as $2,159 a year over higher risk drivers.

Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 21, 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 are about $119 less per year than the average vehicle with full coverage costing around $1,400 a year or $117 a month. Owners of an older Toyota Corolla may opt for liability-only coverage which costs about $561 a year or $47 a month.

Good drivers save up to $577 a year in policy discounts by practicing safe driving behaviors. Let’s look at Toyota Corolla insurance rates, safety 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 Toyota Corolla auto insurance costs are $1,400 a year or $117 a month.

Are Toyota Corollas Expensive to Insure?

The chart below details how Toyota Corolla insurance rates compare to other sedans like the Buick Regal, Honda Civic, and Cadillac ATS.

Vehicle Comprehensive Collision Liability Total
Toyota Corolla $308 $562 $372 $1,400
Buick Regal $306 $536 $398 $1,398
Honda Civic $280 $656 $420 $1,536
Cadillac ATS $294 $566 $398 $1,416
Chevrolet Blazer $376 $688 $316 $1,516
Subaru Impreza $320 $542 $390 $1,410
Chevrolet Cruze $308 $594 $372 $1,432

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 will affect the total price you will pay for Toyota Corolla insurance coverage.

Age of the Vehicle

Older Toyota Corolla models generally cost less to insure. For example, auto 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 effect on Toyota Corolla car insurance rates. For example, 20-year-old drivers pay $1,712 more for their Toyota Corolla car insurance each year than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Toyota Corolla insurance rates. For example, drivers in Los Angeles may pay $1,204 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 car insurance 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

Poor Toyota Corolla crash test ratings could mean higher 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

The numerous safety features of the Toyota Corolla help contribute to lower insurance rates. The 2020 Toyota Corolla has the following safety features:

  • 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

The Toyota Corolla’s insurance loss probability varies between different coverage types. 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 auto insurance rates from the best companies using our FREE tool below.

Ways to Save on Toyota Corolla Insurance

Save more on your Toyota Corolla car insurance rates. Take a look at the following five strategies that will get you the best Toyota Corolla auto insurance rates possible.

  • Reduce Modifications on Your Toyota Corolla
  • Get a Plan with Only Liability Coverage If You’re Driving an Older Toyota Corolla
  • Work with a Direct Insurer Instead of an Insurance Broker for Your Toyota Corolla
  • Ask About Seasonal Insurance for Your Toyota Corolla
  • Ask for a Toyota Corolla Discount If You Have College Degree or Higher

Top Toyota Corolla Insurance Companies

Who is the best company for Toyota Corolla insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Toyota Corolla insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Toyota Corolla offers.

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

Start comparing Toyota Corolla car insurance quotes for free by using our convenient online comparison tool.

Car insurance for a Toyota Corolla will fluctuate depending on pertinent factors related to underwriting car insurance. An insurance company is going to weigh the various risk factors before determining the cost to insure the vehicle.

Compare car insurance rates now by entering your ZIP code into the tool box at the top of this page!

The pertinent factors related to underwriting car insurance include the following:

  • Where the driver lives and drives
  • Gender, age, and marital status of the driver
  • Driver’s credit rating and driving record
  • Make and model of the car
  • How many miles the car is driven on a yearly basis

Most drivers just want to know if a Toyota Corolla is expensive to insure. Keep reading to find out what factors will affect your car insurance rates and just how much your rates will be.

Factors that Influence Car Insurance Rates

One factor that influences insurance rates for a particular vehicle is the safety of the car in an accident. The insurance company is concerned with risk, so cars that do not fare well in an accident cost more to insure. This is due to the cost of repair to the car as well as the possibility of medical expenses incurred by the insured.

The Toyota Corolla received a score of ten for safety, according to U.S. News Best Cars rating.

This high safety rating will help to lower insurance premiums on a Toyota Corolla.

Toyota Corollas are affordable to insure because of the safety ratings that the Insurance Institute of Highway Safety rates the car. The Insurance Institute of Highway Safety rates the vehicles on front, side, and roof impact. A “Good” rating is considered to be the best, followed by “Acceptable,” “Marginal,” and “Poor.”

The Insurance Institute of Highway Safety gave the Toyota Corolla a “Good” rating for most 2003-2011 year models for all potential accident impacts.

However, there were some makes and models for 2005-2008 that only received “Acceptable” ratings for side impact. Roof tests were not performed prior to 2009.

Safe cars mean less costs in repairs and medical bills, so if a car is considered safe, the insurance company is going to offer a lower rate as their risk is minimized.

Another reason the Toyota Corolla is inexpensive to insure is due to the cost of the vehicle. In fact, U.S. News rated Toyota Corolla as Number 25 out of 35 cars in the “Best of Affordable Small Cars” Category for 2011. The Toyota Corolla’s initial cost plays a role in repair and replacement of the vehicle when the insurance company is calculating risk.

Safety Features Lower Car Insurance Rates

The following safety features are viewed by auto insurance companies as tools that help to lower the risk of insuring you:

  1. Electronic Stability Control
  2. Accident Avoidance System
  3. Daytime Running Lights
  4. 4 Wheel Anti-Lock Brakes (with panic stop control)
  5. Airbags (front, side, head)

The more standard safety features that a vehicle has, the more likely you are to get a lower rate. The Corolla auto insurance costs are relatively good for a vehicle of its class, but the overall value of the vehicle can make it slightly more expensive than some comparable models.

Overall though, factors like stability control, daytime running lights, and anti-lock brakes will help reduce the cost of insuring your Corolla.

Crash Test Ratings Affect Toyota Corolla Car Insurance

Insurance providers consider the overall safety of a vehicle when determining what rate to offer. In government crash test ratings, the Corolla received a 4 out of 5 star rating for frontal impacts. Side impact tests received a perfect score of 5 stars for front occupants, while rear passenger test ratings for the vehicle was an overall rating of 4 stars.

These ratings are fairly decent but do not allow for the absolute best reductions in insurance rates compared with similar competitors models that scored perfect in front crash tests.

Why Is Car Insurance More Expensive for The Toyota Corolla?

One reason Toyota Corollas may be more expensive to insure is due to theft. Car insurance companies collect statistics on how often a car is stolen. The more desirable a car is to thieves, the more expensive the car insurance premium.

Although the Toyota Corolla does not get stolen nearly as much as the Toyota Camry, the 2007 Toyota Corolla is Number Ten on the Top Ten list of America’s Most Stolen Cars per the National Insurance Crime Bureau, according to MSN News.

Another factor that could possibly make a Toyota Corolla more expensive to insure than a Sports Utility Vehicle or minivan is the actual person who drives the Toyota Corolla. Toyota Corolla drivers are usually unmarried individuals. Because of the size and price of the car, the drivers are also often first-time drivers.

These components will contribute to higher insurance rates.

In fact, Toyota Corollas were ranked very high on the list of “Ten Best Cars for Teens” compiled by About.com. Part of the reasoning behind the rankings is due to the fact that a Toyota Corolla comes in a V4 engine which makes it almost impossible to speed because it is only a four horsepower engine.

Although the Toyota Corolla may cost slightly more to insure as compared to other cars, the cost of insurance premiums on Toyota Corollas are still quite low.

Toyota Corolla Insurance Discounts

Many people go through the process of getting insurance without paying attention to the fact that they can get a wide variety of different discounts. All of the various safety features of the Toyota Corolla should be known by the owner, so that they can state them to the insurance company and hopefully get all the discounts that they qualify for.

Besides the actual vehicle, there are other forms of discounts as well.

How safe a driver you are can make a huge difference in how much you will pay when insuring a Toyota Corolla.

Problems like accidents and an extensive claims history through other insurance companies will more than likely drive up your insurance quote.

Toyota Corolla Insurance Rates

Although insurance premiums vary depending on factors like the ones mentioned above, you can find estimates for insuring Toyota Corolla on the internet. For instance, AOL Autos estimates a 2011 Toyota Corolla will cost $1,122 a year to insure.

However, a 2009 Toyota Corolla can actually cost you more to insure due to the age of the car. The older the car, the more costly the repairs become.

Compare car insurance quotes on Toyota Corollas by entering your ZIP code into the FREE tool box at the bottom of the page now!

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