Toyota Corolla iM Insurance Rates

Average auto insurance rates for a Toyota Corolla iM are $1,218 annually with full coverage. Comprehensive costs approximately $220 each year, collision insurance costs $380, and liability costs $460. A liability-only policy costs as little as $510 a year, and high-risk insurance costs around $2,638. Teenage drivers receive the highest rates at up to $4,740 a year.

Average premium for full coverage: $1,218

Rate estimates by individual coverage type:

Estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all U.S. states and Corolla iM models.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on the price of insurance. Rural locations tend to have fewer collision claims than densely populated cities. The graphic below illustrates how location helps determine auto insurance prices.

These examples demonstrate why all drivers should compare rates using their specific location and their own personal driving habits, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below details average Toyota Corolla iM insurance rates for additional coverage and risk scenarios.

• The best discount rate is $712
• Drivers who choose higher $1,000 deductibles will pay $138 annually
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,218
• Using low deductibles for comprehensive and collision insurance will cost $1,480
• Drivers who are prone to accidents and violations could pay around $2,638
• The cost with full coverage for a 16-year-old driver can cost $4,740 a year

View Chart as Image

Insurance rates for a Toyota Corolla iM can also vary considerably based on the trim level of your Corolla iM, your driving record, and physical damage deductibles and liability limits.

More mature drivers with a clean driving record and high physical damage deductibles may pay as low as $1,100 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay in the ballpark of $4,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out anywhere from $1,500 to $2,000 extra per year, depending on your age. Insurance for high-risk drivers can cost from 42% to 137% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $400 annually, whereas increasing liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 more per year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Toyota Corolla iM insurance prices. A 40-year-old driver could pay as low as $880 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,650 on average in New York, Michigan, and Florida.

View Chart as Image

How to Buy Low Cost Toyota Corolla iM Insurance

Saving money on insurance for a Toyota Corolla iM not only requires being safe and accident-free, but also having a good credit history, eliminating unnecessary coverage, and possibly raising deductibles. Invest time comparing rates every other policy renewal by getting quotes from direct companies like Progressive and GEICO, and also from your local independent and exclusive agents.

Below you'll find a review of the ideas that were covered in the charts and tables above.

• Youthful drivers are expensive to insure, with premiums as much as $395 per month including comprehensive and collision insurance
• Drivers considered higher risk who have several accidents or serious violations may pay on average $1,420 more per year than a low-risk driver
• Increasing deductibles could save up to $400 each year
• You may be able to save around $140 per year just by quoting online in advance