Toyota Corolla Insurance Facts
The Toyota Corolla insurance facts are quite positive: Toyota Corolla insurance is among the least expensive of all vehicles. The average insurance cost for a Toyota Corolla is $106 a month. Learn more about Toyota car insurance coverage as we compare rated based on various factors and from top providers.
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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: Feb 16, 2024
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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.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 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.
On This Page
- The average insurance cost for a Toyota Corolla is $106 a month or $1,273 annually
- The average cost for car insurance in the U.S. is $119 a month or $1,427 annually
- Some insurance companies charge more for a Toyota Corolla, so it’s important to compare quotes
If you need car insurance for a Toyota Corolla, you will find plenty of insurance companies willing to offer coverage at very low rates. Most insurance companies typically cover Toyotas, and Corollas are among the least expensive models to insure.
What are the Toyota Corolla insurance facts? The average Toyota Corolla insurance costs around $106 a month or $1,273 annually. Rates for Toyota Corolla coverage are lower than the national average for car insurance, which is $119 each month or $1,427 annually.
Toyota Corolla auto insurance rates can vary significantly based on the insurance company. For example, you could get your annual Toyota Corolla insurance rates as low as $33 a month, depending on the insurance company. You may also find that older Toyota models are eligible for cheaper coverage.
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.
How much is Toyota Corolla insurance?
Costs vary regarding insurance for a Toyota Corolla. On average, Toyota car insurance rates are $106 monthly.
Geico offers full coverage car insurance on a Toyota Corolla for around $80 each month. Rates with State Farm are a bit more at around $86 per month.
Insurance Company Monthly Rates
Allstate $160
American Family $117
Auto-Owners $87
Farmers $87
Geico $80
Liberty Mutual $174
Nationwide $115
Progressive $105
State Farm $86
Travelers $99
USAA $59
U.S. Average $119
With Nationwide, you’ll pay around $115 each month for a full coverage car insurance policy. Allstate charges $160 monthly. The most expensive insurance for a Toyota Corolla is with Liberty Mutual, which charges $174 per month.
How much does car insurance for a Corolla cost for young drivers?
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.
Insurance Company 16-Year-Old Female 16-Year-Old Male 18-Year-Old Female 18-Year-Old Male
Allstate $608 $638 $448 $519
Farmers $778 $742 $573 $603
Geico $298 $312 $220 $254
Liberty Mutual $716 $778 $528 $633
Nationwide $411 $476 $303 $387
Progressive $801 $814 $591 $662
State Farm $311 $349 $229 $284
Travelers $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.
Does it cost more to insure a new Toyota Corolla?
Insurance rates vary for several reasons. One factor insurance companies may care about is your Toyota Corolla’s age.
A new version of the Toyota Corolla may cost a bit more to insure than an older model. For example, 2021 Toyota Corolla insurance costs around $115 per month, while 2011 Toyota Corolla insurance rates are $98 per month.
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.
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What factors impact my Toyota Corolla car insurance rates?
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
Older Toyota Corolla models generally cost less to insure. For example, 2019 Toyota Corolla insurance rates are auto insurance $115 a month, while the 2010 Toyota Corolla insurance costs are $96.
| Model Year | Collision | Comprehensive | Liability | Total |
|---|---|---|---|---|
| 2023 Toyota Corolla | $56 | $31 | $37 | $140 |
| 2022 Toyota Corolla | $54 | $30 | $36 | $134 |
| 2021 Toyota Corolla | $50 | $28 | $34 | $126 |
| 2020 Toyota Corolla | $47 | $26 | $31 | $117 |
| 2019 Toyota Corolla | $45 | $25 | $33 | $115 |
| 2018 Toyota Corolla | $45 | $24 | $33 | $115 |
| 2017 Toyota Corolla | $44 | $23 | $35 | $114 |
| 2016 Toyota Corolla | $42 | $22 | $36 | $113 |
| 2015 Toyota Corolla | $40 | $21 | $37 | $111 |
| 2014 Toyota Corolla | $38 | $20 | $38 | $108 |
| 2013 Toyota Corolla | $35 | $19 | $38 | $106 |
| 2012 Toyota Corolla | $32 | $18 | $38 | $102 |
| 2011 Toyota Corolla | $29 | $17 | $38 | $98 |
| 2010 Toyota Corolla | $27 | $17 | $39 | $96 |
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 $220 a month for their Toyota Corolla auto insurance, while 30-year-old drivers pay $160.
| Age | Monthly Rates |
|---|---|
| 20 | $220 |
| 25 | $185 |
| 30 | $160 |
| 35 | $150 |
| 40 | $145 |
| 45 | $140 |
| 50 | $130 |
| 55 | $125 |
| 60 | $120 |
| 65 | $115 |
Driver Location
Where you live can have a large impact on Toyota Corolla insurance rates. For example, drivers in New York City may pay $25 a month more than drivers in Chicago.
| City | Average 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 |
Your Driving Record
Your driving record can have an impact on the cost of Toyota Corolla auto insurance. Teens and drivers in their 20s see the highest jump in their Toyota Corolla auto insurance with violations on their driving record.
| Age | Clean Record | One Accident | One DUI | One Ticket |
|---|---|---|---|---|
| 20 | $220 | $280 | $300 | $250 |
| 25 | $180 | $235 | $260 | $210 |
| 30 | $160 | $210 | $240 | $190 |
| 35 | $150 | $195 | $230 | $180 |
| 40 | $140 | $185 | $220 | $170 |
| 45 | $130 | $175 | $210 | $160 |
| 50 | $120 | $165 | $200 | $150 |
| 55 | $115 | $155 | $190 | $145 |
| 60 | $110 | $150 | $185 | $140 |
If you have a clean driving record and good credit, you’ll get the best Toyota Corolla insurance rates possible. Start comparing rates now from several companies with our free quote tool below.
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How does auto insurance for a Toyota Corolla compare to other 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.
| Vehicle | Comprehensive | Collision | Liability | Total |
|---|---|---|---|---|
| Toyota Corolla | $26 | $47 | $31 | $117 |
| Nissan Altima | $26 | $48 | $33 | $119 |
| Cadillac ATS | $25 | $47 | $33 | $118 |
| Kia Forte | $27 | $42 | $31 | $113 |
| Chevrolet Malibu | $27 | $44 | $31 | $115 |
| Subaru Impreza | $27 | $45 | $33 | $118 |
| Dodge Charger | $31 | $52 | $39 | $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.
Is the Toyota Corolla a safe car?
According to the National Highway Traffic Safety Administration (NHTSA), the Toyota Corolla is safe.
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 |
|---|---|---|---|---|
| 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 |
| 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 |
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 | |
If you own a Toyota Corolla, you can rest assured your vehicle is safe. As a bonus, the safe nature of your car may equate to savings in terms of auto insurance costs.
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How can I find the cheapest Toyota Corolla car insurance?
You should consider several things to find the cheapest coverage for your Corolla. Some of the things you should look out for include:
- Price
- Car insurance deductible
- Minimum coverage
- Additional coverage
- Extras
- 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.
Read more: Minimum Auto Insurance Requirements by State
What is Toyota lease insurance?
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. GAP coverage helps pay the difference between what you still owe on your vehicle and the car’s actual cash value after it’s totaled in an accident.
You can purchase GAP insurance through Toyota Financial Services, but you may be able to find cheaper coverage through another company. If you already have an insurance provider, ask how much it would be to add GAP insurance to your policy.
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 | 9.30% |
| 2 | Geico | $46,106,971 | 6.60% |
| 3 | Progressive | $39,222,879 | 5.60% |
| 4 | Liberty Mutual | $35,600,051 | 5.10% |
| 5 | Allstate | $35,025,903 | 5.00% |
| 6 | Travelers | $28,016,966 | 4.00% |
| 7 | USAA | $23,483,080 | 3.30% |
| 8 | Chubb | $23,388,385 | 3.30% |
| 9 | Farmers | $20,643,559 | 2.90% |
| 10 | Nationwide | $18,442,145 | 2.60% |
Read more:
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Toyota Corolla Insurance Facts: The Bottom Line
If you own a Toyota Corolla, your insurance will cost around $1,273 annually or $106 monthly. You may find cheaper coverage with certain companies, depending on your driving history, credit score, ZIP code, coverage types, and more.
As you shop for Toyota Corolla insurance, compare quotes from several companies before making a decision. Comparing quotes from different companies will help you find the insurance you need without paying too much for coverage.
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
How much does Toyota Corolla insurance cost?
The average cost for insurance on a Toyota Corolla is $106 per month. The amount you’ll pay for your Corolla coverage will depend on factors like age, driving history, location, credit score, and more.
Is Toyota Corolla insurance expensive?
Insurance for a Toyota Corolla is often less than the national average. The Corolla is an inexpensive vehicle that is less likely to be stolen or involved in an accident. Because of this, rates for the Corolla are often low.
Is it cheaper to insure a Toyota or a Honda?
Insurance for a Toyota and a Honda is fairly comparable. Therefore, you’ll likely receive similar insurance rates if you purchase a similar vehicle model. Typically, Toyota Corolla insurance is cheaper than Honda Civic coverage. Still, you will likely pay higher rates for a Toyota Corolla than for a Honda Fit or Honda CR-V.
Which company offers the best coverage for a Toyota Corolla?
The cheapest auto insurance coverage for a Toyota Corolla is with Geico. Geico offers full coverage policies for Toyota Corollas is $85 each month.
The most expensive insurance for a Toyota Corolla is with Allied. The company charges $142 per month.
What factors affect the insurance rates for a Toyota Corolla?
Several factors can influence the insurance rates for a Toyota Corolla, six most common include:
- The model year of the vehicle
- The trim level and features of the car
- The driver’s age and driving record
- The location where the car is primarily driven and parked
- The insurance coverage limits and deductible chosen
- The claims history of the insured
Are there any specific safety features in the Toyota Corolla that can impact insurance rates?
Yes, the Toyota Corolla is equipped with various safety features that can positively affect insurance rates. These may include four advanced driver assistance systems (ADAS) such as:
- Lane departure warning
- Forward collision warning
- Automatic emergency braking
- Adaptive cruise control
Insurance companies often offer discounts for vehicles equipped with such safety features.
Can the cost of insuring a Toyota Corolla vary by model year?
Yes, the cost of insurance for a Toyota Corolla can vary based on the model year. Typically, newer model years may have higher insurance premiums due to their higher market value. However, the availability of advanced safety features in newer models can offset the increase in premiums by potentially qualifying for safety-related discounts.
Can I reduce insurance costs for my Toyota Corolla?
Yes, here are five ways to potentially reduce insurance costs for your Toyota Corolla, such as:
- Opting for a higher deductible, which may lower your premium
- Maintaining a clean driving record and avoiding accidents
- Inquiring about discounts offered by your insurance company (e.g., safe driver discounts, bundling with other policies, multi-vehicle discounts)
- Installing security devices, such as alarms or anti-theft systems
- Completing defensive driving courses that may qualify for insurance discounts
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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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
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.