Key Takeaways
The Toyota Corolla is a series of popular compact cars known for high reliability and practical design. But have you ever wondered about the Toyota Corolla car insurance cost? Insurance rates may differ depending on the specific model year you choose and the trim levels. You can always consider comparing different insurance providers available for your Toyota Corolla, so that your selection may not lead to coverage gaps, which may put your finances at risk.
The average insurance cost of a Toyota Corolla is around $1,548 per year, but you can lower your premiums by choosing the right insurance provider. You can find the best insurance providers in the market by shopping around and comparing plans. The Way app helps you secure the best rate for your Corolla by letting you compare multiple providers in minutes.
The Toyota Corolla is moderately affordable to insure within the compact car segment. The insurance rates are slightly above average compared to those of its competitors. This cost profile of the Corolla is mainly due to its strong safety ratings, lower repair costs, and high reliability. Since the Corolla is not a performance-based car, insurers usually include it in the low-risk category, which can further lower the insurance cost.
| Compact Cars | Average Annual Premium |
|---|---|
| Mitsubishi Lancer | $1,020 |
| Dodge Dart | $1,440 |
| Chevrolet Cruze | $1,488 |
| Volkswagen Jetta | $1,536 |
| Honda Civic | $1,548 |
| Toyota Corolla | $1,548 |
| Nissan Sentra | $1,584 |
| Mazda3 | $1,584 |
| Hyundai Elantra | $1,596 |
| Ford Focus | $1,596 |
Insurance providers often consider several factors when determining your Toyota Corolla premium. Some of the most common factors are given below.
Older Toyota Corolla models usually have lower insurance costs since newer Toyota Corolla models come with advanced features and technology, which also leads to more expensive repairs and replacements. However, certain older model years cost more to insure due to rarely available parts, good maintenance history, or certain features found in a specific model year. The average yearly Toyota Corolla car insurance cost for a 2020 model is $1,558.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2020 Toyota Corolla | $130 | $1,558 |
| 2019 Toyota Corolla | $138 | $1,657 |
| 2018 Toyota Corolla | $86 | $1,026 |
| 2017 Toyota Corolla | $83 | $996 |
| 2016 Toyota Corolla | $119 | $1,432 |
| 2015 Toyota Corolla | $70 | $835 |
| 2014 Toyota Corolla | $69 | $833 |
| 2013 Toyota Corolla | $72 | $861 |
| 2012 Toyota Corolla | $67 | $807 |
| 2011 Toyota Corolla | $64 | $764 |
According to our research, Progressive offers the cheapest Toyota Corolla car insurance rates. The average annual premium is just $722. However, the cheapest cost cannot always guarantee the best value. To get the maximum benefits, it is important to compare quotes from various providers and ensure that they have all the required features.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Progressive | $60 | $722 |
| Erie | $61 | $723 |
| USAA | $63 | $751 |
| Texas Farm Bureau | $64 | $754 |
| State Farm | $73 | $873 |
USAA offers the most competitive insurance rates for the 2020 Toyota Corolla at just $1,160 per annum. Since the benefits offered by USAA are limited only to military personnel, veterans, and their family members, Vermont Mutual is the best pick with an annual premium of $1,164. Otherwise, it costs around $1,558 per year to insure a 2020 model on average.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| USAA | $97 | $1,160 |
| Vermont Mutual | $97 | $1,164 |
| Erie | $103 | $1,240 |
| Nationwide | $106 | $1,276 |
| State Farm | $108 | $1,299 |
| Tennessee Farmers | $109 | $1,317 |
| American Family | $118 | $1,417 |
| Mercury | $126 | $1,507 |
| Country | $126 | $1,512 |
| Southern Farm Bureau | $130 | $1,560 |
| 21st Century | $131 | $1,569 |
Generally, it costs around $1,657 per year to insure a 2019 Toyota Corolla. Erie offers the most competitive insurance rates for the 2019 model at $1,104 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $92 | $1,104 |
| USAA | $94 | $1,132 |
| Cincinnati Insurance | $95 | $1,142 |
| Auto Owners | $105 | $1,254 |
| Nationwide | $111 | $1,330 |
| American Family | $114 | $1,366 |
| State Farm | $116 | $1,389 |
| Country | $120 | $1,441 |
| Mercury | $123 | $1,479 |
| Plymouth Rock Insurance | $126 | $1,515 |
| Southern Farm Bureau | $130 | $1,560 |
The insurance cost for a 2018 Toyota Corolla is usually $1,026 per year. USAA offers the most affordable rate at just $642 per annum. However, the benefits of USAA are applicable only to military personnel, veterans, and their family members. So, the next best option is Erie, with an annual premium of $664.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| USAA | $54 | $642 |
| Erie | $55 | $664 |
| Progressive | $66 | $790 |
| State Farm | $70 | $829 |
| Tennessee Farmers | $74 | $892 |
| Nationwide | $83 | $1,000 |
| American Family | $92 | $1,105 |
| Plymouth Rock Insurance | $93 | $1,121 |
| Vermont Mutual | $96 | $1,154 |
| Acuity | $103 | $1,235 |
| Country | $107 | $1,282 |
Insuring a 2017 Toyota Corolla typically costs about $996 annually, with Erie providing the most competitive rate at $636 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $53 | $636 |
| USAA | $56 | $675 |
| State Farm | $65 | $779 |
| Progressive | $65 | $786 |
| Tennessee Farmers | $74 | $892 |
| Texas Farm Bureau | $74 | $892 |
| Nationwide | $85 | $1,020 |
| American Family | $90 | $1,083 |
| Quincy Mutual | $91 | $1,091 |
| Plymouth Rock Insurance | $91 | $1,091 |
| Vermont Mutual | $92 | $1,103 |
For a 2016 Toyota Corolla, the average insurance cost is approximately $1,432 yearly, while Texas Farm Bureau presents the best rate at $788 annually.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Texas Farm Bureau | $66 | $788 |
| Vermont Mutual | $78 | $941 |
| Erie | $80 | $967 |
| Quincy Mutual | $88 | $1,059 |
| USAA | $95 | $1,138 |
| Nationwide | $96 | $1,158 |
| Tennessee Farmers | $104 | $1,248 |
| Country | $107 | $1,289 |
| Arbella | $107 | $1,292 |
| State Farm | $108 | $1,293 |
| American Family | $108 | $1,301 |
You can expect to pay around $835 per year on insurance for a 2015 Toyota Corolla. However, Erie offers the cheapest premium rate at just $525 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $44 | $525 |
| USAA | $47 | $567 |
| State Farm | $52 | $630 |
| Progressive | $58 | $701 |
| Texas Farm Bureau | $66 | $790 |
| Tennessee Farmers | $74 | $885 |
| American Family | $76 | $912 |
| Vermont Mutual | $78 | $937 |
| Nationwide | $82 | $981 |
| Country | $85 | $1,020 |
| Quincy Mutual | $86 | $1,035 |
With an average yearly insurance cost of $833, the 2014 Toyota Corolla finds its most competitive rates through Erie at $540 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $45 | $540 |
| USAA | $47 | $562 |
| State Farm | $53 | $639 |
| Progressive | $60 | $727 |
| Texas Farm Bureau | $61 | $738 |
| Vermont Mutual | $72 | $870 |
| Tennessee Farmers | $73 | $876 |
| American Family | $77 | $919 |
| Acuity | $83 | $999 |
| Quincy Mutual | $84 | $1,007 |
| Nationwide | $84 | $1,009 |
To insure a 2013 Toyota Corolla, the typical annual expense is about $861. Nevertheless, Erie stands out with the cheapest rate of $553 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $46 | $553 |
| USAA | $49 | $588 |
| Texas Farm Bureau | $59 | $707 |
| State Farm | $60 | $716 |
| Progressive | $62 | $741 |
| Vermont Mutual | $68 | $820 |
| Tennessee Farmers | $72 | $868 |
| Plymouth Rock Insurance | $79 | $957 |
| American Family | $80 | $965 |
| Quincy Mutual | $81 | $979 |
| Acuity | $83 | $997 |
On average, insuring a 2012 Toyota Corolla will cost you around $807 per year. Erie has the most affordable rate at just $525 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $44 | $525 |
| USAA | $46 | $550 |
| State Farm | $50 | $601 |
| Progressive | $55 | $666 |
| Texas Farm Bureau | $58 | $699 |
| Vermont Mutual | $64 | $774 |
| Tennessee Farmers | $70 | $842 |
| American Family | $75 | $902 |
| Plymouth Rock Insurance | $78 | $933 |
| Acuity | $79 | $946 |
| Quincy Mutual | $79 | $955 |
The average annual insurance premium for a 2011 Toyota Corolla is $764. The best provider is Erie, with an average annual premium of $478.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $39 | $478 |
| USAA | $41 | $492 |
| State Farm | $46 | $556 |
| Progressive | $54 | $643 |
| Texas Farm Bureau | $55 | $664 |
| Vermont Mutual | $60 | $719 |
| Tennessee Farmers | $66 | $798 |
| American Family | $68 | $822 |
| Arbella | $75 | $901 |
| Plymouth Rock Insurance | $76 | $913 |
| Quincy Mutual | $77 | $930 |
Crash test ratings significantly affect insurance premiums, as they directly indicate the safety performance of a vehicle. Toyota Corolla has good crash test ratings over different model years, which can help reduce the yearly premiums.
| Vehicle | Overall | Frontal Crash | Side Crash | Rollover |
|---|---|---|---|---|
| 2020 Toyota Corolla
5 HB 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
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
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 |
| 2015 Toyota Corolla
4 DR FWD |
5 Stars | 5 Stars | 5 Stars | 4 Stars |
| 2014 Toyota Corolla
4 DR FWD |
5 Stars | 5 Stars | 5 Stars | 4 Stars |
| 2013 Toyota Corolla 4 DR FWD | 4 Stars | 4 Stars | 5 Stars | 4 Stars |
| 2012 Toyota Corolla
4 DR FWD |
4 Stars | 4 Stars | 5 Stars | 4 Stars |
| 2011 Toyota Corolla
4 DR FWD |
3 Stars | 4 Stars | 2 Stars | 4 Stars |
The Toyota Corolla comes with a number of safety features, which can reduce the insurance rates by getting you qualified for available discounts.
Some of the installed features include:
Toyota Corolla has overall good safety ratings, which indicate a lower risk of injury, damage, and repair costs, which can lower its insurance rates. Since insurance companies often consider safety ratings when determining a car model's premium rates, the Corolla's safety ratings play a key role in its insurance pricing.
| Category | IIHS Ratings |
|---|---|
| Small overlap front: driver-side | Good |
| Small overlap front: passenger-side | Good |
| Moderate overlap front: original test | Good |
| Side: original test | Good |
| Side: updated test | Acceptable |
| Roof strength | Good |
| Head restraints & seats | Good |
| Headlights | Acceptable |
| Front crash prevention: vehicle-to-vehicle Standard system | Superior |
| Front crash prevention: pedestrian (day) Standard system | Superior |
| LATCH ease of use | Good |
Practice safe driving: Rash driving can cause a significant increase in your Toyota Corolla auto insurance cost.
Improve your credit score: A good credit score, which is above 700, can help you save $250 or more on your annual insurance premiums.
Obey traffic laws: Violating the traffic rules can lead to an increase in your Toyota Corolla car insurance cost. So, it is always recommended to maintain a good driving history.
Ask for discounts: Insurance companies usually offer various auto insurance discounts. Discounts like multi-policy, good student, loyalty, and senior citizens can help you lower your insurance costs.
Bundle your insurance policies: You can save more on your insurance policy by purchasing your car insurance and home insurance from the same provider.
Download the Way app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes. On our platform, you can compare offers from more than 140 different insurance providers. This will help you in choosing the most suitable option to reduce your Toyota Corolla car insurance costs.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Way.com’s Insurance Broker Quote Data
The Toyota Corolla insurance cost typically falls around $1,548 per year, depending on factors like the driver's age, location, driving history, and coverage level.
Full coverage is needed only if your Corolla is new, leased, or financed. If your car is older and fully paid off, liability coverage may be enough.
The Toyota Corolla car insurance cost is moderately affordable compared to that of many of its direct competitors in the compact car segment.
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