Best Toyota Corolla Auto Insurance in 2024 (Compare the Top 10 Companies)
State Farm, Geico, and USAA stand out as the top picks for the best Toyota Corolla auto insurance, with rates starting at $70 per month. These companies offer competitive pricing, customizable coverage, and strong customer satisfaction. Toyota Corolla drivers can now easily find affordable, comprehensive insurance.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Sep 16, 2024
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UPDATED: Sep 16, 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 auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different 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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6,435 reviewsState Farm, Geico, and USAA stand out as the top picks for the best Toyota Corolla auto insurance, with rates starting around $70 per month. These top providers stand out not only for their competitive pricing but also for their comprehensive coverage and excellent customer service.
When considering factors like reliability and value, State Farm emerges as the best option overall, combining cost-effectiveness with extensive coverage options.
Explore your choices to find the perfect insurance for your Toyota Corolla and enjoy peace of mind on the road.
Our Top 10 Company Picks: Best Toyota Corolla Insurance
| Company | Rank | Safe Driving Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 15% | B | Customer Service | State Farm |
 | #2 | 22% | A++ | Affordable Premiums | Geico |
 | #3 | 30% | A++ | Competitive Rates | USAA |
 | #4 | 12% | A+ | Innovative Programs | Progressive |
 | #5 | 15% | A | Customizable Policies | Liberty Mutual |
 | #6 | 10% | A+ | Comprehensive Coverage | Allstate |
 | #7 | 10% | A+ | Vanishing Deductible | Nationwide |
 | #8 | 8% | A++ | IntelliDrive Program | Travelers |
 | #9 | 12% | A+ | Customer Satisfaction | Amica |
 | #10 | 10% | A+ | Local Agents | Farmers |
As you search for cheap auto insurance rates online for your Toyota Corolla, it’s important to compare quotes from different companies before making your decision. Comparing quotes can help you get the coverage you want at a price that works for you.
- State Farm, Geico, and USAA offer the lowest rates starting at $70 per month
- State Farm is the top choice for comprehensive coverage and reliability
- Explore your options to find the best insurance for your Toyota Corolla
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#1 – State Farm: Top Overall Pick
Pro
- Affordable Rates: State Farm consistently offers competitive rates for Toyota Corolla drivers, often beating the national average. This makes it an attractive option for cost-conscious owners looking for quality coverage without overpaying, as highlighted in ourState Farm auto insurance review.
- Customizable Coverage: State Farm provides a wide range of coverage options that can be tailored specifically to meet the needs of Toyota Corolla drivers. Whether you need basic liability or comprehensive coverage, State Farm has flexible plans to suit various budgets and requirements.
- Extensive Discounts: State Farm offers numerous discounts that can significantly reduce insurance costs. These include discounts for safe driving, multi-car policies, bundling with homeowners or renters insurance, and even discounts for installing safety features on your Toyota Corolla.
Cons
- Potential Rate Increases: Despite competitive rates, State Farm may increase premiums after an accident or claim, even if the incident wasn’t your fault. This could make long-term costs less predictable for Toyota Corolla owners.
- Limited Availability of Some Discounts: Not all discounts and services are available in every state, which could limit savings opportunities for some Toyota Corolla drivers.
#2 – Geico: Best for Low Starting Premiums
Pro
- Low Starting Premiums: Geico is known for offering some of the lowest starting premiums in the market, particularly for Toyota Corolla owners with a clean driving record. This makes Geico an appealing option for budget-conscious drivers, as highlighted in our Geico auto insurance review.
- Efficient Online Tools: Geico’s online platform is among the best in the industry, offering Toyota Corolla drivers an easy way to get quotes, purchase policies, and manage their accounts. The platform also provides a user-friendly mobile app, making it convenient to handle insurance needs on the go.
- Discount Variety: Geico provides a wide range of discounts, including those for safe driving, multiple vehicles, bundling with other insurance policies, and even discounts for military personnel. These discounts can make Geico one of the most affordable options for Toyota Corolla insurance.
Cons
- Customer Service: While generally good, Geico’s customer service can be inconsistent, with some Toyota Corolla owners reporting less satisfactory experiences when dealing with complex claims or policy issues.
- Limited Coverage Customization: Compared with certain competitors, Geico provides fewer alternatives for highly individualized policies, which could be a disadvantage for Toyota Corolla customers with particular coverage requirements.
#3 – USAA: Best for Exceptional Rates for Military Members
Pro
- Exceptional Rates for Military Members: USAA provides highly competitive rates for Toyota Corolla drivers who are military members or their families. The organization’s not-for-profit status allows it to pass on savings to its members, making it an excellent choice for eligible Toyota Corolla owners.
- Comprehensive Coverage: USAA provides an extensive selection of coverage options, like as liability, collision, comprehensive, and uninsured motorist protection, that are specifically designed to meet the needs of drivers of Toyota Corollas. This guarantees that members will always have the defense they require.
- Generous Discounts: Discounts for safe driving, bundling rules, and car safety features are among the many that USAA provides. Owners of Toyota Corollas may be able to reduce their premiums even further with these.
Cons
- Membership Restrictions: USAA is only available to military members, veterans, and their families, limiting access for non-military Toyota Corolla owners. This restriction means that many potential customers won’t be able to take advantage of USAA’s excellent rates and service, as detailed in our USAA auto insurance review.
- Limited Physical Locations: While USAA offers robust online and phone support, its physical locations are limited, which might be a drawback for Toyota Corolla owners who prefer in-person interactions with their insurance provider.
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#4 – Progressive: Best for Competitive Rates
Pro
- Competitive Rates: Progressive offers competitive rates for Toyota Corolla drivers, particularly those with good driving records. The company’s pricing model is designed to attract a wide range of drivers, making it a strong option for those looking for affordability.
- Bundling Discounts: Progressive offers substantial discounts when bundling auto insurance with other types of coverage, such as homeowners, renters, or motorcycle insurance. This can lead to significant savings for Toyota Corolla owners with multiple insurance needs.
- Customizable Policies: Progressive allows Toyota Corolla owners to customize their policies with various add-ons, including roadside assistance, rental car reimbursement, and gap insurance. This flexibility makes it easy to tailor coverage to specific needs, as highlighted in our Progressive auto insurance review.
Cons
- Rate Increases: While Progressive’s rates are competitive, they can increase after a claim or if a driver opts out of the Snapshot program. This could result in higher long-term costs for Toyota Corolla drivers.
- Customer Service Variability: Some Toyota Corolla owners have reported inconsistent experiences with Progressive’s customer service, particularly when dealing with complex claims or policy changes.
#5 – Liberty Mutual: Best for Flexible Coverage Options
Pro
- Flexible Coverage Options: Liberty Mutual offers a wide variety of coverage options that can be customized to meet the specific needs of Toyota Corolla drivers. This includes standard coverage types as well as optional add-ons like new car replacement, accident forgiveness, and rental car reimbursement.
- Accident Forgiveness: Liberty Mutual’s accident forgiveness program helps prevent premium increases after the first at-fault accident, providing financial stability and peace of mind for Toyota Corolla owners, as mentioned in our Liberty Mutual auto insurance review.
- Discounts for Safe Driving: Liberty Mutual offers numerous discounts, including those for safe driving, bundling policies, and vehicle safety features. These discounts can significantly reduce the overall cost of insuring a Toyota Corolla.
Cons
- Higher Premiums: Liberty Mutual’s premiums can be higher than those of some competitors, especially for Toyota Corolla drivers who don’t qualify for discounts. This could make it a less affordable option for budget-conscious drivers.
- Limited Discount Application: While Liberty Mutual offers a variety of discounts, not all of them are available in every state or to every driver, which can limit potential savings for some Toyota Corolla owners.
#6 – Allstate: Best for Strong Coverage Options
Pro
- Strong Coverage Options: Allstate offers a wide range of coverage options that can be customized to meet the needs of Toyota Corolla drivers. This includes everything from basic liability coverage to comprehensive plans with numerous add-ons.
- Discounts for Safe Driving: Allstate’s Drivewise program rewards Toyota Corolla drivers who demonstrate safe driving habits with discounts on their premiums. This telematics-based program can lead to significant savings for cautious drivers.
- Extensive Discounts: Allstate provides a wide variety of discounts, including those for bundling policies, insuring multiple vehicles, and maintaining a clean driving record. These discounts can make Allstate more affordable for Toyota Corolla owners.
Cons
- Higher Premiums: Allstate tends to have higher premiums compared to some of its competitors, which might offset the savings from discounts for Toyota Corolla drivers. This could make it a less attractive option for those on a tight budget.
- Potential Rate Increases: Toyota Corolla owners might see significant rate increases after a claim, even if they have a previously clean driving record. This unpredictability could be a concern for long-term policyholders, as noted in our Allstate auto insurance review.
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#7 – Nationwide: Best for Vanishing Deductible
Pro
- Vanishing Deductible: Nationwide offers a Vanishing Deductible program that rewards Toyota Corolla drivers with a $100 reduction in their deductible for every year of safe driving, up to a maximum of $500. This can significantly lower out-of-pocket costs in the event of a claim.
- SmartRide Program: Nationwide’s SmartRide program uses telematics to track driving habits and offers discounts to Toyota Corolla owners who drive safely. This can result in substantial savings, especially for drivers with consistently good habits.
- Extensive Coverage Options: Nationwide provides a wide range of coverage options that can be tailored to meet the specific needs of Toyota Corolla drivers. This includes traditional coverage types as well as optional add-ons like roadside assistance and gap insurance, according to Nationwide auto insurance review.
Cons
- Limited Availability of Discounts: Some of Nationwide’s discounts, such as those related to the SmartRide program, are not available in all states, which could limit savings opportunities for certain Toyota Corolla owners.
- Higher Premiums for Young Drivers: Nationwide tends to have higher premiums for younger Toyota Corolla drivers, particularly those under 25, which might make it a less affordable option for this demographic.
#8 – Travelers: Best for Competitive Rates
Pro
- Competitive Rates: Travelers offers competitive rates for Toyota Corolla insurance, particularly for experienced drivers with clean records. This makes it an appealing option for those looking for good value in their auto insurance.
- Discounts for Hybrid Vehicles: Toyota Corolla hybrid owners can benefit from additional discounts with Travelers, making it a cost-effective choice for environmentally-conscious drivers, according to Travelers auto insurance review.
- Comprehensive Coverage Options: A range of coverage options are offered by Travelers, such as rental reimbursement, gap insurance, and accident forgiveness. Owners of Toyota Corollas can tailor their coverage with these alternatives to suit their unique requirements.
Cons
- Limited Online Tools: Travelers’ online experience can be less user-friendly compared to competitors like Geico and Progressive. Toyota Corolla owners might find the website and mobile app lacking in features and usability.
- Higher Premiums for High-Risk Drivers: Travelers tends to have higher premiums for Toyota Corolla drivers with less-than-perfect driving records, which might make it less affordable for those who have had accidents or traffic violations.
#9 – Amica: Best for Dividend Policies
Pro
- Dividend Policies: Amica offers dividend policies that return a portion of your premium at the end of the policy term. This can be an attractive option for Toyota Corolla owners looking for ways to reduce overall costs.
- Comprehensive Coverage: Amica provides a wide range of coverage options, including rental reimbursement, accident forgiveness, and gap insurance. These options allow Toyota Corolla owners to customize their policies to meet specific needs.
- Discounts for Loyalty: Amica offers loyalty discounts for long-term customers, which can result in significant savings over time. This makes it an attractive option for Toyota Corolla owners who plan to stay with the same insurer for many years.
Cons
- Higher Premiums: Amica’s premiums can be higher than those of some competitors, even with available discounts. This could make it a less attractive option for Toyota Corolla owners on a tight budget, according to our Amica auto insurance review.
- Fewer Physical Locations: Amica has fewer physical locations compared to larger insurers, which might be a drawback for Toyota Corolla owners who prefer in-person interactions when managing their insurance.
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#10 – Farmers: Best for Customizable Policies
Pro
- Customizable Policies: Farmers offers highly customizable policies that can be tailored to meet the specific needs of Toyota Corolla drivers. This includes a wide range of coverage options and add-ons like roadside assistance, rental car reimbursement, and new car replacement, as noted in our Farmers auto insurance review.
- Discounts for Multiple Policies: Farmers provides significant discounts when bundling auto insurance with other types of insurance, such as home, life, or business insurance. This can lead to substantial savings for Toyota Corolla owners with multiple insurance needs.
- Accident Forgiveness: By forgiving accidents, farmers can keep premium increases from happening following the first at-fault collision. Owners of Toyota Corollas may benefit from this feature in terms of financial stability and peace of mind.
Cons
- Above-Average Premiums: Farmers’ premiums can be on the higher side, especially for Toyota Corolla drivers who don’t qualify for discounts. This could make it a less attractive option for budget-conscious drivers.
- Limited Online Tools: While Farmers offers an online platform, it may not be as user-friendly or feature-rich as those offered by competitors like Geico or Progressive. Toyota Corolla owners might find the online experience lacking in convenience and ease of use.
Toyota Corolla Insurance Expenses: Key Considerations
Depending on the provider, a Toyota Corolla’s insurance costs can differ dramatically. Monthly insurance costs for a Toyota Corolla are around $106. For example, Geico offers full coverage car insurance for around $80 each month, making it one of the more affordable options. State Farm’s rates are slightly higher, at approximately $86 per month.
Toyota Corolla Auto Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $82 | $168 |
| Amica | $77 | $158 |
| Farmers | $81 | $163 |
| Geico | $75 | $155 |
| Liberty Mutual | $85 | $170 |
| Nationwide | $79 | $160 |
| Progressive | $80 | $165 |
| State Farm | $78 | $160 |
| Travelers | $83 | $165 |
| USAA | $70 | $150 |
On the other hand, Allstate charges a higher $160 per month for complete coverage, while Nationwide charges roughly $115. Liberty Mutual has the lowest and most expensive insurance policy for a Toyota Corolla, with a $174 monthly rate.
Full vs. Minimum Coverage Monthly Insurance Rates by Provider
| Insurance Company | Rates |
|---|---|
| $160 |
 | $117 |
 | $87 |
 | $97 |
| $87 |
| $80 |
| $174 |
| $115 |
| $105 |
| $86 |
| $99 |
| $59 |
| U.S. Average | $119 |
These differences highlight the importance of comparing quotes from multiple providers to find the most cost-effective insurance solution for your Toyota Corolla.
Car Insurance Rates for Young Drivers of a Toyota Corolla
In most cases,auto insurance for teens and young drivers costs a lot more. Even if your teen or young adult driver has a Toyota Corolla, you may still pay more for auto insurance coverage than you think.
Teen Full Coverage Auto Insurance Monthly Rates by Provider, Age, & Gender
| Insurance Company | Age: 16 Female | Age: 16 Male | Age: 18 Female | Age: 18 Male |
|---|---|---|---|---|
| $608 | $638 | $448 | $519 |
| $452 | $456 | $333 | $371 |
| $778 | $742 | $573 | $603 |
| $298 | $312 | $220 | $254 |
| $716 | $778 | $528 | $633 |
| $411 | $476 | $303 | $387 |
| $801 | $814 | $591 | $662 |
| $311 | $349 | $229 | $284 |
| $709 | $897 | $523 | $729 |
The average cost for Toyota Corolla coverage for an 18-year-old driver is $346 per month. However, young drivers may be able to save money on car insurance by adding themselves to a parent or guardian’s auto insurance policy.
Compared to an 18-year-old, 25-year-old drivers pay a lot less. For example, Toyota Corolla car insurance rates for a 25-year-old are half the price of teen drivers at $126 each month.
Insurance Price Comparison for New vs. Older Toyota Corollas
There are various reasons why insurance rates vary. The age of your Toyota Corolla is one aspect that insurance companies might find relevant.The cost of insurance for a new Toyota Corolla can be slightly higher than that of an older model. For instance, monthly insurance for a 2021 Toyota Corolla is approximately $115, whereas monthly insurance for a 2011 Toyota Corolla is $98.
A model a year or two older may cost a bit less to cover. However, a Toyota Corolla that’s 10 years old may be much cheaper. The average cost for insurance for a 2013 Toyota Corolla is around $105 monthly.
If you drive a newer model of the Toyota Corolla, you may pay more for car insurance. But you may also be eligible for savings based on your car’s safety features. In addition, certain discounts could help you save up to 25% on your car insurance coverage.
Variables That Determine Toyota Corolla Insurance Costs
While it’s helpful to know the average insurance cost for a Toyota Corolla, many other factors that affect car insurance rates. These include where you live, your driving record, your credit score, and the type of coverage you’re interested in.
If you have a clean driving record, you have hit the jackpot with a Toyota Corolla, as you will have no upcharge to an auto insurance rate that is one of the easiest on your wallet.Jeffrey Manola Licensed Insurance Agent
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
Insurance for Toyota Corolla models older than that usually costs less. The average monthly insurance premium for a 2019 Toyota Corolla is $115, while the insurance on a 2010 Toyota Corolla is roughly $96.
Toyota Corolla Auto Insurance Monthly Rates by Model Year & Coverage Type
| Model Year | Liability | Collision | Comprehensive | Full Coverage |
|---|---|---|---|---|
| 2024 Toyota Corolla | $37 | $56 | $31 | $140 |
| 2023 Toyota Corolla | $36 | $54 | $30 | $134 |
| 2022 Toyota Corolla | $34 | $50 | $28 | $126 |
| 2021 Toyota Corolla | $31 | $47 | $26 | $117 |
| 2020 Toyota Corolla | $33 | $45 | $25 | $115 |
| 2019 Toyota Corolla | $33 | $45 | $24 | $115 |
| 2018 Toyota Corolla | $35 | $44 | $23 | $114 |
| 2017 Toyota Corolla | $36 | $42 | $22 | $113 |
| 2016 Toyota Corolla | $37 | $40 | $21 | $111 |
This pricing disparity is indicative of the fact that older models typically have cheaper insurance rates because of things like depreciation, less repair costs, and a lower total market worth.
Driver Age
The age of the driver has a big impact on how much Toyota Corolla auto insurance costs. For instance, the average monthly insurance premium for a motorist under 20 is about $220, whereas the average monthly premium for a driver over 30 is about $160.
Toyota Corolla Auto Insurance Monthly Rates by Age
| Age | Rates |
|---|---|
| 20 | $220 |
| 25 | $185 |
| 30 | $160 |
| 35 | $150 |
| 40 | $145 |
| 45 | $140 |
| 50 | $130 |
| 55 | $125 |
| 60 | $120 |
| 65 | $115 |
This discrepancy results from younger drivers’ premiums being higher for individuals with less driving experience and a higher chance of accidents since insurers view them as higher risk.
Driver Location
The location of your residence has a big impact on Toyota Corolla insurance costs. For example, drivers in Chicago may pay $25 less a month for insurance than drivers in New York City.
Toyota Corolla Auto Insurance Monthly Rates by City
| City | Rates |
|---|---|
| Chicago, IL | $175 |
| Columbus, OH | $130 |
| Houston, TX | $165 |
| Indianapolis, IN | $140 |
| Jacksonville, FL | $155 |
| Los Angeles, CA | $180 |
| New York, NY | $210 |
| Philadelphia, PA | $190 |
| Phoenix, AZ | $160 |
| Seattle, WA | $150 |
This variation is due to factors such as local traffic conditions, crime rates, and repair costs, which influence how insurers set premiums based on regional risk and expenses.
Your Driving Record
Your driving history has a big influence on how much Toyota Corolla auto insurance costs. When they have tickets on their record, drivers in their 20s and teens pay the most hikes in insurance rates.
Toyota Corolla Auto Insurance Monthly Rates by Driving Record
| Age | Clean Record | One Ticket | One Accident | One DUI |
|---|---|---|---|---|
| 20 | $220 | $250 | $280 | $300 |
| 25 | $180 | $210 | $235 | $260 |
| 30 | $160 | $190 | $210 | $240 |
| 35 | $150 | $180 | $195 | $230 |
| 40 | $140 | $170 | $185 | $220 |
| 45 | $130 | $160 | $175 | $210 |
| 50 | $120 | $150 | $165 | $200 |
| 55 | $115 | $145 | $155 | $190 |
| 60 | $110 | $140 | $150 | $185 |
You will receive the most affordable Toyota Corolla insurance quotes if you have excellent credit and a spotless driving record. Use the free quote tool below to begin comparing prices right now from multiple businesses.
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Toyota Corolla Insurance Costs Compared to Similar Sedans
The cost to insure a Toyota Corolla will likely be similar to the cost of insuring other, similar makes and models of vehicles. For example, the Toyota Corolla, Honda Civic, and Mazda 3 are all comparable regarding auto insurance rates. The chart below details how Toyota Corolla insurance rates compare to other sedans like the Nissan Altima, Cadillac ATS, and Kia Forte.
Toyota Corolla Auto Insurance Monthly Rates vs. Other Cars by Coverage Type
| Vehicle Model | Liability | Comprehensive | Collision | Full Coverage |
|---|---|---|---|---|
| Toyota Corolla | $31 | $26 | $47 | $117 |
| Nissan Altima | $33 | $26 | $48 | $119 |
| Cadillac ATS | $33 | $25 | $47 | $118 |
| Kia Forte | $31 | $27 | $42 | $113 |
| Chevrolet Malibu | $31 | $27 | $44 | $115 |
| Subaru Impreza | $33 | $27 | $45 | $118 |
| Dodge Charger | $39 | $31 | $52 | $139 |
The cost of insuring your Toyota Corolla also depends on the insurance company you shop with and your individual factors, like driving history and where you live. Discover our comprehensive guide to “Comparing Auto Insurance” for additional insights.
Safety of the Toyota Corolla
The Toyota Corolla is regarded as a safe car by the National Highway Traffic Safety Administration (NHTSA). The Corolla’s reputation for dependable occupant protection is largely due to its performance in numerous crash tests and general safety features, which are reflected in the NHTSA’s evaluations and ratings.
Your Toyota Corolla auto insurance rates are tied to the safety ratings of the Toyota Corolla. See the breakdown below:
Toyota Corolla Auto Insurance Safety Ratings
| Test | 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 |
This endorsement from a reputable organization highlights the Corolla’s commitment to safety and makes it a solid choice for drivers prioritizing security on the road. For further details, check out our in-depth “What is auto insurance?” article.
Toyota Corolla Crash Test Ratings
The Toyota Corolla’s crash test results offer important information about how well the car handles collisions and how well it shields its occupants. These ratings, which are determined by agencies like the NHTSA and IIHS, evaluate the Corolla’s crashworthiness, taking into account both the efficiency of its safety measures and how resilient it is in different types of collisions.
Good Toyota Corolla crash test ratings can lower your Toyota Corolla auto insurance rates. See Toyota Corolla crash test results below:
Toyota Corolla Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 Toyota Corolla Hatchback 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Toyota Corolla Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Toyota Corolla Hatchback 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Toyota Corolla Hatchback 5 HB FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Toyota Corolla 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 Toyota Corolla Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 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 |
Comprehending these rankings facilitates prospective purchasers in evaluating the car’s safety requirements and its capacity to provide protection in actual collisions, assisting in the process of making an educated choice.
Toyota Corolla Safety Features
A number of safety measures that are intended to improve the protection of both drivers and passengers are included with the Toyota Corolla. These include cutting-edge features like automatic emergency braking, adaptive cruise control, lane departure warning, and a strong airbag system.
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
- 4-Wheel ABS
- Electronic Stability Control
- Daytime Running Lights
- Child Safety Locks
The Corolla also has a cleverly designed frame that lessens impact during collisions. These safety features collectively contribute to the Corolla’s reputation for providing a secure and reliable driving experience, ensuring occupants are well-protected on the road.
Toyota Corolla Insurance Loss Probability
The probability of an insurance loss for the Toyota Corolla varies depending on the type of coverage; generally, lesser percentages translate into reduced auto insurance prices, while larger percentages result in higher rates.
Toyota Corolla Insurance Loss Probability
| Coverage | Probability |
|---|---|
| Collision | 33% |
| Property Damage | 11% |
| Comprehensive | -6% |
| Personal Injury | 56% |
| Medical Payment | 58% |
| Bodily Injury | 28% |
This implies that while more risk drives up insurance costs, lower probability of insurance losses typically translates into lower premiums.
Managing and optimizing insurance costs for the Toyota Corolla can be made easier by having an understanding of how various coverage options impact these probability. You may drive with confidence if your Toyota Corolla is safe. Plus, you might save money on auto insurance because of how safe your vehicle is.
Affordable Insurance Options for Toyota Corolla Drivers
Finding the cheapest Toyota Corolla car insurance involves comparing quotes from various insurance providers to identify the most affordable option that meets your coverage needs. It’s important to evaluate different policies and take advantage of available discounts, such as those for safe driving, bundling policies, or having certain safety features in your vehicle.
You should consider several things to find the cheapest coverage for your Corolla. Some of the things you should look out for include:
- Price
- Minimum coverage
- Restrictions
- Auto insurance discounts
- Warranty
While the initial rate with one company may be cheaper than the rest, you may find that another company works best after considering these additional factors. Compare Toyota Corolla insurance quotes from at least three companies to get a better idea of which fits your needs better. Learn more by visiting our detailed “Car Insurance Quotes: Compare Cheap Coverage” section.
Read more: Minimum Auto Insurance Requirements by State
Toyota Lease Insurance Explained
If you lease a Toyota Corolla, you must meet your state’s requirements for liability auto insurance coverage. You may also need a full coverage policy that includes both collision insurance and comprehensive car insurance. Collision insurance helps cover repairs on your vehicle after any accident or collision with another vehicle. However, you’ll need to pay the deductible before your coverage kicks in.
Comprehensive auto insurance covers damage to your vehicle outside of an accident. Some of the most common comprehensive insurance claims include vandalism, damage from inclement weather, and damage caused by wild animals. If you own your Corolla but have an auto loan, you may want to consider purchasing Gap insurance.
When your car is totaled in an accident, gap coverage helps cover the difference between the amount you still owe on it and its real cash value. Although you can buy Gap insurance via Toyota Financial Services, you might be able to locate a more affordable provider. Inquire about the cost of adding Gap insurance to your policy if you currently have insurance.
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Highly Recommended Insurance Companies for Toyota Corolla
Determining the best company for Toyota Corolla insurance rates depends on various factors, including individual driving profiles and coverage needs. However, several top insurers, ranked by market share, are known for offering competitive rates for Toyota Corolla coverage. Dive deeper into “Compare Cheap Online Auto Insurance Quotes” with our complete resource.
Top Toyota Corolla Auto Insurance Providers by Premiums Written
| Rank | Insurance Company | Premiums Written | 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% |
| #6 | Travelers | $28,016,966 | 4% |
| #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% |
The Corolla’s integrated safety features and security systems are frequently discounted by these businesses, which can lower the cost of insurance overall. You may locate the most affordable insurance for your Toyota Corolla by comparing the best companies and the savings they are offering.
Toyota Corolla Insurance Facts: The Bottom Line
Your insurance for a Toyota Corolla will run you about $1,273 a year, or $106 a month. Depending on your driving record, credit score, ZIP code, kinds of coverage, and other factors, you might be able to obtain less expensive insurance with some firms. Get the right car insurance at the best price — enter your ZIP code below to shop for coverage from the top insurers.
Before choosing a Toyota Corolla insurance provider, evaluate quotations from a few different businesses. Finding the insurance you require without going over budget for coverage can be accomplished by comparing quotes from several providers.
Read more: How do I compare auto insurance quotes?
One of the major Toyota Corolla insurance facts on the plus side is that Toyota Corolla insurance is often cheaper than the national average, so you may be happy with the rates you receive. Still, comparing quotes at least once a year will help ensure you don’t overpay for Toyota car insurance coverage.
Frequently Asked Questions
What is the cheapest Toyota Corolla to insure?
The cheapest Toyota Corolla to insure is typically the base model with fewer features and lower repair costs. Insurance rates are generally lower for these models due to their less expensive parts and lower risk profiles.
How much is the insurance cost for Toyota Corolla?
The average insurance cost for a Toyota Corolla ranges between $100 and $125 per month. Rates can vary based on factors such as the driver’s location, age, and driving history.
What is the best type of Toyota Corolla auto insurance to get?
Comprehensive coverage is often considered the best type of auto insurance for a Toyota Corolla. It covers a wide range of potential issues, including theft, vandalism, and natural disasters, in addition to collision and liability coverage.
Explore our detailed analysis on “Types of Auto Insurance” for additional information.
Which brand offers the cheapest insurance by car brand?
Brands like Geico and State Farm are known for offering some of the lowest insurance rates across various car brands, including the Toyota Corolla.
What is the cheapest category of Toyota Corolla insurance?
Generally, the cheapest category of Toyota Corolla insurance includes standard liability coverage. This basic form of insurance often has lower premiums compared to full coverage policies.
Who provides the best Toyota Corolla car insurance?
Companies such as Geico, State Farm, and Progressive are often regarded as providing some of the best Toyota Corolla car insurance, based on their competitive rates and customer service.
Get more insights by reading our expert “How to Compare Auto Insurance Quotes” advice.
What type of Toyota Corolla auto insurance should I consider?
Consider a combination of liability, collision, and comprehensive coverage for your Toyota Corolla. This combination ensures coverage for damages to your vehicle as well as protection against various risks.
Which is the best company for Toyota Corolla insurance?
Geico, State Farm, and Progressive are often highlighted as top companies for Toyota Corolla insurance due to their affordable rates and strong customer satisfaction ratings.
Explore your car insurance options by entering your ZIP code below and finding which companies have the lowest rates.
What is the most expensive Toyota Corolla insurance?
Insurance for higher-end trims of the Toyota Corolla, such as the SE or XSE, can be more expensive due to their higher repair costs and advanced features.
Read our extensive guide on “Why does my auto insurance go up every year?” for more knowledge.
Which is the most expensive color of Toyota Corolla to insure?
Generally, brighter colors such as red or yellow can be more expensive to insure due to their higher visibility and association with higher risk of theft or accidents.
How can I find the lowest Toyota Corolla auto insurance?
To find the lowest Toyota Corolla auto insurance, compare quotes from multiple insurance providers, look for available discounts, and consider adjusting your coverage options to fit your needs.
What is the best level of Toyota Corolla auto insurance to choose?
The best level of insurance for a Toyota Corolla typically includes a combination of liability, collision, and comprehensive coverage to ensure broad protection while managing costs.
For more information, explore our informative “Collision Auto Insurance Defined” page.
Which company offers the best Toyota Corolla insurance?
Geico, State Farm, and Progressive are known for offering the best Toyota Corolla insurance due to their competitive pricing and comprehensive coverage options.
Where can I get the lowest rates for Toyota Corolla insurance?
You can find the lowest rates for Toyota Corolla insurance by obtaining quotes from major insurers like Geico, State Farm, and Progressive, and by taking advantage of any applicable discounts.
What is the most important Toyota Corolla auto insurance feature?
The most important feature of Toyota Corolla auto insurance is comprehensive coverage, which provides extensive protection for various types of damage and loss, offering peace of mind.
Continue reading our full “Comprehensive Auto Insurance Defined” guide for extra tips.
Which option provides the best Toyota Corolla auto insurance?
The best Toyota Corolla auto insurance options typically include policies from Geico, State Farm, and Progressive, known for their affordable rates and excellent coverage options.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
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