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Toyota Corolla Insurance [Rates + Coverage Guide]

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.

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
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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
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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
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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
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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
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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.

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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Compare Free Toyota Corolla Insurance Quotes Online

Save on your Toyota Corolla auto insurance rates by taking advantage of our FREE comparison tool.

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