Toyota Corolla car insurance costs depend on various factors. Model year of your vehicle and features such as anti-theft systems can affect its rate, while your driving record and insurance provider also play a part.
To determine how much it costs to insure a Toyota Corolla, simply enter your ZIP code and get multiple personalized quotes within minutes.
The Cost of Insurance
Toyota Corolla cars are some of the most beloved sedans on the market. Their reputation for reliability, fuel efficiency and affordability makes them highly sought-after cars. Furthermore, these Toyota vehicles also hold their value and tend to be safe drivers - though their insurance premiums can fluctuate depending on factors like age, driving history and location - it is therefore wise for drivers to compare rates from multiple insurers in order to find their optimal coverage at an affordable rate.
Generalized speaking, older Toyota Corolla models tend to be cheaper to insure. A 2021 model can cost approximately $1,298 annually while older ones such as 2010s ones can come out to as little as $504 annually depending on your model year and personal circumstance. Your specific insurance rate will depend upon several factors including vehicle year/make/model combination as well as any changes that arise during coverage period.
Your driving record can also play an integral part in determining the cost of Toyota Corolla car insurance. With a clear driving history and affordable premiums available to drivers with excellent records, obtaining this type of policy should not be difficult; conversely those with poor driving records may be subject to higher premiums.
Your choice of coverage will also have an effect on the rates. Liability-only insurance may be the cheapest choice, while comprehensive and collision coverage tends to cost more. As full coverage will protect you in case of an accident.
Your credit score can also have an effect on Toyota Corolla car insurance premiums. USAA offers policies at the most economical rate for current and former military personnel as well as their families; second cheapest providers include GEICO and Farm Bureau.
To determine the average annual Toyota Corolla car insurance rate, we analyzed thousands of quotes from real customers. Below is an estimate of annual insurance costs for drivers of a Toyota Corolla in each state assuming a 40-year old with good credit and full coverage without recent accidents or traffic violations (note that states with mandated minimum coverage levels may require drivers to pay additional).
Age
Toyota Corolla car insurance tends to be quite cost-effective, with average rates significantly below the national average. Cost of coverage will depend on factors like your age, state and insurance company - for the cheapest rates you should shop around and compare quotes from multiple providers; this way you'll find one that best meets your needs without breaking the bank!
Young drivers tend to pay more for car insurance due to a lack of experience behind the wheel, however as soon as they reach their twenties their rates often decrease significantly.
Insurance premiums can also be affected by the safety features of a vehicle, with those featuring more advanced safety technologies typically earning higher ratings and lower premiums - Toyota Corolla being no exception, having earned top scores during crash tests as well as 4-star status from National Highway Traffic Safety Administration.
This model's superior safety features make it one of the cheapest cars to insure, combined with low theft risk and its high resale value - making it an excellent option for buyers on a tight budget.
Other factors affecting Toyota Corolla car insurance rates include driver age, location and history. If you want to reduce rates with ease then maintain a clean record while purchasing a car equipped with safety features and compare car insurance policies regularly in search of discounts you could take advantage of.
When shopping for Toyota Corolla car insurance, it's a smart idea to compare quotes from multiple providers before making your choice. Rates may differ significantly between providers so it is vitally important that you evaluate coverage options and prices thoroughly before selecting a policy.
As an example, you might find affordable Toyota Corolla car insurance by comparing quotes from CaliforniaCasualty and Ohio Mutual. Both offer rates starting as low as $28 a month for liability only coverage with additional options from Geico available as well. However, smaller insurers like CSAA and Arrowhead often provide cheaper policies with rates between $34-$64 monthly premiums.
Driver’s Record
The Toyota Corolla is an efficient vehicle with strong safety ratings, so insuring one is usually less expensive than insuring other popular sedans such as the Nissan Sentra or Volkswagen Jetta. Your exact car insurance costs will depend on a number of factors such as its performance in crash tests as well as your driving history and history.
With a clean driving record and full coverage (compulsory and collision coverages), the annual Toyota Corolla insurance cost should average about $182 per month with comprehensive and collision coverages. Drivers involved in accidents or traffic violations could expect their premiums to increase significantly;
Location can play an influential role in the cost of car insurance premiums for Corolla drivers. Rates will differ depending on where you reside; compare premiums before making your decision - for instance, drivers in Michigan might face higher rates due to mandated levels, while California residents might find better deals for comparable protection.
Insurance premiums also depend on factors like driving history, age and credit score. Women often pay lower premiums as they tend to be safer drivers; drivers with poor credit often pay more.
Your Corolla's year and trim level can also have an effect on its rate; newer cars tend to depreciate at a slower pace and thus have lower insurance premiums than older vehicles. Your zip code also makes an impressionful statement about its worthiness as areas that experience more traffic or weather may experience higher premiums than those situated in rural settings.
Insurance providers take all these factors into consideration when setting your auto insurance rates, making it essential to shop around and take advantage of any discounts you qualify for. To start shopping around and getting the best rate possible, use our free car insurance comparison tool above - it will show rates from top providers such as GEICO, Allstate and State Farm!
Location
Your Toyota Corolla car insurance provider's location can have a dramatic effect on how much coverage costs. Drivers in high-risk areas often pay more because insurers must account for the likelihood that an accident will occur and cover damage and medical expenses associated with any injuries sustained by taking into account how likely drivers are.
When choosing an insurance provider, it's essential to carefully consider their reputation and financial stability. You can do this by reading online reviews or speaking to friends and family for recommendations; additionally it would be prudent to compare pricing and coverage options from multiple companies before making your choice.
General speaking, insuring a Toyota Corolla car should cost roughly the same as insuring other sedans of similar value and age. Your exact rate depends upon various factors including your age and driving record as well as type of coverage selected and location where it resides.
Toyota Corolla car insurance typically costs an average of around $1,273 annually or $106 monthly compared to the national average cost of car insurance of $1,427 yearly or $119 monthly. Your rates may differ based on your unique situation and insurer you select.
One way to lower Toyota Corolla car insurance rates is to raise your deductible, which will reduce premiums but increase out-of-pocket payments should an accident occur. You can also try getting discounts by installing safety features in your vehicle, bundling policies together or enrolling in defensive driving classes.
Attributes that ultimately impact how expensive or cheap Toyota Corolla auto insurance will be are the driver's age, driving record and location. Younger drivers typically pay more for car insurance than older ones and those with poor credit have higher premiums compared to those with good credit - although younger drivers may save money by joining an existing policy held by parents or guardians.