Toyota Corolla Insurance [Rates + Coverage Guide]
Toyota Corolla insurance rates cost $117 per month ($1,400 per year). On average, Toyota Corolla comprehensive insurance coverage costs $341, collision coverage costs $498, and liability coverage costs $395.
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Written by
Rachel Bodine
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Reviewed by
Daniel Walker
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UPDATED: Jun 20, 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 are $117 per month for full coverage, but you can save $70 if you enroll in liability-only coverage. Save up to $577 per year through policy discounts, which you can learn about by reading through this vehicle guide.
You can start comparing quotes for Toyota Corolla auto insurance rates from some of the best auto insurance companies by using our free online tool now.
Table of Contents
Toyota Corolla Insurance Cost
The average Toyota Corolla auto 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 Nissan Altima, Cadillac ATS, and Kia Forte.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Toyota Corolla | $308 | $562 | $372 | $1,400 |
| Nissan Altima | $306 | $570 | $390 | $1,424 |
| Cadillac ATS | $294 | $566 | $398 | $1,416 |
| Kia Forte | $322 | $500 | $372 | $1,352 |
| Chevrolet Malibu | $322 | $532 | $372 | $1,384 |
| Subaru Impreza | $320 | $542 | $390 | $1,410 |
| Dodge Charger | $376 | $626 | $466 | $1,668 |
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 insurance coverage.
Age of the Vehicle
Older Toyota Corolla models generally cost less to insure. For example, auto insurance for a 2020 Toyota Corolla costs $1,400, while the 2010 Toyota Corolla insurance costs 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 the cost of Toyota Corolla auto insurance. For example, 20-year-old drivers pay approximately $1,712 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 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 with violations on their driving record.
Toyota Corolla Safety Ratings
Your Toyota Corolla auto 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
Good Toyota Corolla crash test ratings can lower your Toyota Corolla auto insurance rates. 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
Most drivers don’t realize that not only do Toyota Corolla safety features play a vital role in keeping passengers safe in crashes, but they can also help lower 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 Assist
Toyota Corolla Insurance Loss Probability
The lower percentage means lower Toyota Corolla auto insurance rates; higher percentages mean higher Toyota Corolla auto 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
When 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.
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Ways to Save on Toyota Corolla Insurance
There are many ways that you can save on Toyota Corolla auto insurance to get the best value possible. Below are five scenarios you can explore to help keep your Toyota Corolla auto insurance rates low.
- Make Sure You Use an Accredited Driver Safety Program
- Buy Winter Tires for Your Toyota Corolla
- Ask About Seasonal Insurance for Your Toyota Corolla
- Buy a Toyota Corolla with an Anti-Theft Device
- If You’re a Young Driver Living at Home, Add Yourself to Your Parents’ Plan
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 | |||
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