Toyota Corolla iM Insurance Rates
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UPDATED: May 1, 2024
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Average insurance prices for a Toyota Corolla iM are $1,298 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $238, collision costs $450, and liability costs $452. A liability-only policy costs as little as $504 a year, with high-risk insurance costing $2,820 or more. Teen drivers receive the highest rates at $4,998 a year or more.
Average premium for full coverage: $1,298
Rate estimates broken down by individual coverage type:
Rates are based on $500 policy deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 states and for all Corolla iM models.
Price Range by Coverage and Risk
For an average driver, prices range go from the cheapest price of $504 for the bare minimum liability coverage to the much higher price of $2,820 for high-risk insurance.
Price Range by Location
Your location can have significant affects on the price of insurance. More rural locations tend to have more infrequent physical damage claims than larger metro areas.
The example below illustrates the effect of geographic area on insurance prices.
These examples illustrate why everyone should compare rates for a targeted area and their own driving history, instead of using price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Information
The chart below illustrates estimated Toyota Corolla iM insurance rates for other coverage scenarios.
- The lowest rate with discounts is $752
- Drivers who choose higher $1,000 deductibles will pay approximately $156 each year
- The average price for a 40-year-old driver who has $500 deductibles is $1,298
- Choosing pricier low deductibles for comprehensive and collision insurance costs an extra $304 every year
- Higher-risk drivers with multiple violations and an at-fault accident could pay up to $2,820 or more
- The cost to insure a teen driver for full coverage can cost as much as $4,998 a year
Insurance rates for a Toyota Corolla iM can also vary considerably based on policy deductibles and limits, your risk profile, and the model year and trim level.
Choosing high deductibles could save up to $460 every year, whereas buying more liability protection will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $407 more per year. View Rates by Deductible or Liability Limit
A more mature driver with a clean driving record and higher deductibles may pay as little as $1,200 per year on average for full coverage. Rates are highest for teen drivers, since even excellent drivers can expect to pay at least $4,900 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you are probably paying $1,600 to $2,200 extra per year, depending on your age. Toyota Corolla iM insurance for high-risk drivers can cost as much as 44% to 137% more than average. View High Risk Driver Rates
Where you live makes a big difference in Toyota Corolla iM insurance prices. A 40-year-old driver could pay as low as $850 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,750 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,174 | -$124 | -9.6% |
| Alaska | $994 | -$304 | -23.4% |
| Arizona | $1,076 | -$222 | -17.1% |
| Arkansas | $1,298 | -$0 | 0.0% |
| California | $1,478 | $180 | 13.9% |
| Colorado | $1,240 | -$58 | -4.5% |
| Connecticut | $1,336 | $38 | 2.9% |
| Delaware | $1,468 | $170 | 13.1% |
| Florida | $1,624 | $326 | 25.1% |
| Georgia | $1,198 | -$100 | -7.7% |
| Hawaii | $932 | -$366 | -28.2% |
| Idaho | $878 | -$420 | -32.4% |
| Illinois | $966 | -$332 | -25.6% |
| Indiana | $976 | -$322 | -24.8% |
| Iowa | $876 | -$422 | -32.5% |
| Kansas | $1,232 | -$66 | -5.1% |
| Kentucky | $1,772 | $474 | 36.5% |
| Louisiana | $1,922 | $624 | 48.1% |
| Maine | $802 | -$496 | -38.2% |
| Maryland | $1,068 | -$230 | -17.7% |
| Massachusetts | $1,038 | -$260 | -20.0% |
| Michigan | $2,254 | $956 | 73.7% |
| Minnesota | $1,086 | -$212 | -16.3% |
| Mississippi | $1,554 | $256 | 19.7% |
| Missouri | $1,150 | -$148 | -11.4% |
| Montana | $1,392 | $94 | 7.2% |
| Nebraska | $1,024 | -$274 | -21.1% |
| Nevada | $1,556 | $258 | 19.9% |
| New Hampshire | $936 | -$362 | -27.9% |
| New Jersey | $1,450 | $152 | 11.7% |
| New Mexico | $1,150 | -$148 | -11.4% |
| New York | $1,368 | $70 | 5.4% |
| North Carolina | $748 | -$550 | -42.4% |
| North Dakota | $1,064 | -$234 | -18.0% |
| Ohio | $896 | -$402 | -31.0% |
| Oklahoma | $1,332 | $34 | 2.6% |
| Oregon | $1,188 | -$110 | -8.5% |
| Pennsylvania | $1,238 | -$60 | -4.6% |
| Rhode Island | $1,732 | $434 | 33.4% |
| South Carolina | $1,176 | -$122 | -9.4% |
| South Dakota | $1,096 | -$202 | -15.6% |
| Tennessee | $1,136 | -$162 | -12.5% |
| Texas | $1,566 | $268 | 20.6% |
| Utah | $960 | -$338 | -26.0% |
| Vermont | $890 | -$408 | -31.4% |
| Virginia | $778 | -$520 | -40.1% |
| Washington | $1,002 | -$296 | -22.8% |
| West Virginia | $1,188 | -$110 | -8.5% |
| Wisconsin | $900 | -$398 | -30.7% |
| Wyoming | $1,156 | -$142 | -10.9% |
With so much variability in rates, the only way to figure out which company is cheapest is to regularly compare rates and see which company has the best rate. Every company uses a different rate calculation, so the rates can be significantly different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2018 Toyota Corolla iM | $238 | $450 | $452 | $1,298 |
| 2017 Toyota Corolla iM | $230 | $424 | $456 | $1,268 |
Rates are averaged for all Toyota Corolla iM models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for the Best Cheap Toyota Corolla iM Insurance
Saving money on car insurance not only requires avoiding accidents and claims, but also having good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Take the time to compare rates every couple of years by obtaining price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.
The points below are a quick review of the material that was covered in the above illustrations.
- Policyholders who want increased liability limits will pay about $500 annually to go from a minimum limit to a 250/500 level
- Drivers under the age of 20 are charged the highest rates, costing up to $417 per month if they have full coverage
- Higher risk drivers with a DUI or reckless driving violation could be forced to pay on average $1,520 more annually to insure a Toyota Corolla iM
- Increasing deductibles could save as much as $450 each year
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,998 |
| 20 | $3,012 |
| 30 | $1,342 |
| 40 | $1,298 |
| 50 | $1,188 |
| 60 | $1,166 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,602 |
| $250 | $1,462 |
| $500 | $1,298 |
| $1,000 | $1,142 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,298 |
| 50/100 | $1,388 |
| 100/300 | $1,501 |
| 250/500 | $1,795 |
| 100 CSL | $1,434 |
| 300 CSL | $1,682 |
| 500 CSL | $1,863 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,112 |
| 20 | $4,800 |
| 30 | $2,870 |
| 40 | $2,820 |
| 50 | $2,696 |
| 60 | $2,674 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $68 |
| Multi-vehicle | $70 |
| Homeowner | $20 |
| 5-yr Accident Free | $93 |
| 5-yr Claim Free | $84 |
| Paid in Full/EFT | $57 |
| Advance Quote | $63 |
| Online Quote | $91 |
| Total Discounts | $546 |
Discounts are estimated and may not be available from every company or in every state.
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