Toyota Corolla is an iconic car that's possibly best known for being the top competitor for the widely used and famous Honda Civic. The two Japanese auto manufacturers have been engaged in a decades-long competition to create the ultimate compact economy sedan. The Toyota Corolla is around the same exact price and continues to be one of the most popular (and affordable) cars on the American car market.
If you would like to learn more about Toyota Corolla car insurance, then you've come across the right place! Below, we'll be discussing some of the most commonly asked questions regarding purchasing auto insurance for a Toyota Corolla. We'll also show you the average insurance cost for Toyota Corolla and its insurance rates for different years models.
Whether you've already purchased a Toyota Corolla and you're curious if you're getting a good deal on your car insurance or if you're still weighing the pros and cons of this car, then this article is guaranteed to help you make a more informed decision.
Corolla is the cheapest auto model produced by Toyota. It also happens to be one of the most reliable models. This means that the average cost of insurance is actually considerably cheaper than it would be for some of Toyota's more expensive luxury-oriented vehicles.
As for Toyota Corolla insurance cost, on average, most drivers with a clean driving record who are over 30-years-old will pay between $1,200 and $1,400 per year, depending on the year of their car, their zip code and other factors that are being taken into consideration. This equates to around $120 to $140 per month, not including any sign-up fees.
If you wonder how much is insurance for a Toyota Corolla, you should know that due to their high degree of reliability by JD Power and other top auto reviewers, Toyota Corollas are actually one of the most popular used vehicles on the market. Customers can purchase a used Corolla with the confidence that they won't have to pay tons of money for repairs once they drive it off of the lot. The higher degree of reliability and the extra safety features also means that its car insurance quotes are considerably more affordable.
The full coverage for 2011-2023 Corolla Models costs $1,883-$4,719 per year based on present rates. This assumes that you drive to and from school or work, travel for 13,000-14,000 miles on average, and have never been involved in road accidents. The table below shows a breakdown of this full coverage car insurance cost estimate.
| Cost per Year | Cost per Month | |
|---|---|---|
| 2010 Toyota Corolla | $1,883 | $157 |
| 2011 Toyota Corolla | $1,961.28 | $163.44 |
| 2012 Toyota Corolla | $2,558 | $213 |
| 2013 Toyota Corolla | $2,907 | $242 |
| 2014 Toyota Corolla | $2,960 | $247 |
| 2015 Toyota Corolla | $3,248 | $271 |
| 2016 Toyota Corolla | $3,087.36 | $257.28 |
| 2017 Toyota Corolla | $3,266.48 | $272.21 |
| 2018 Toyota Corolla | $3,284 | $274 |
| 2019 Toyota Corolla | $3,326 | $277 |
| 2020 Toyota Corolla | $3,835.08 | $319.59 |
| 2021 Toyota Corolla | $3,978.68 | $331.56 |
| 2022 Toyota Corolla | $4,165 | $347 |
| 2023 Toyota Corolla | $4,719 | $393 |
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The Toyota Corolla isn’t only available as a vehicle that runs on fuel. In 2018, the hybrid version was released. For this Corolla variant, Toyota decided to make a 1.8 liter gasoline engine equipped with two motor generators. These additional motor generators were used until the 2022 model and innovations have been made for the 2023 models.
The Toyota Corolla Hybrid doesn’t fall short in terms of popularity. It placed number 8 in the 2022 ranking of the U.S. News & World Report. The table below shows the insurance rates for different Toyota Corolla Hybrid in 2023.
| Cost per Year | Cost per Month | |
|---|---|---|
| 2018 Toyota Corolla Hybrid | $3,269 | $272 |
| 2019 Toyota Corolla Hybrid | $3,460.12 | $288.34 |
| 2020 Toyota Corolla Hybrid | $3,773.52 | $314.46 |
| 2021 Toyota Corolla Hybrid | $3,414.66 | $284.56 |
| 2022 Toyota Corolla Hybrid | $4,658 | $388 |
| 2023 Toyota Corolla Hybrid | $4,730.22 | $394.19 |
In general, over the past decades, Toyota has really stepped its game up. In the past, they were regarded as a highly affordable car that didn't come with all of the bells and whistles that American and German counterparts boasted. Today, however, Toyotas are a good bit more expensive to insure than they were in days past, this includes Toyota Altis insurance price, Toyota Camry and other Toyota models. However, you will still be able to find certain Toyotas among the cheapest cars to insure.
The increased cost of insurance is primarily due to the fact that the company has significantly improved the styling of its cars, performance aspects, fuel efficiency, and more. The newer model, Toyota Camry, (even the cheaper Corolla) often sport full-leather interiors, large digital displays and navigation systems, top-of-the-line safety features, and high-fidelity speakers.
They're able to compete with luxurious German-manufactured cars in almost every way and offer a higher degree of reliability to boot. This also means that they tend to hold their value for longer, which makes them a great purchase for those looking to get a good trade-in evaluation in the future.
However, the increased cost of Toyotas has led to them becoming more expensive to insure. While it's not a huge difference, you'll find that most Toyotas are incrementally more expensive to insure than some of the other more affordable compact cars on the market such as the Volkswagen Jetta or the Nissan Sentra.
Here are some quick tips to help ensure that you get the best Toyota Corolla insurance rates on your next policy.
Corollas are loaded with safety features, so make sure that you mention them to your insurance agent. Each additional feature will result in a slight decrease in monthly and yearly premiums. They could include:
ABS (anti-locking) brakes.
Blind spot detection.
Lane swerving warning.
… and others!
Although it's not the most important factor, your credit score does play a part in your insurance rates. The better your credit score is, the better of a deal you'll get on your insurance. High credit scores correlate to fewer accidents and better payment reliability, while lower credit scores correlate to more accidents and lower payment reliability.
If your insurance company offers multiple types of insurance, then you might consider bundling your policies together to save money. For example, if you own a home, you can bundle your home and auto insurance together. The same applies if you have a motorcycle, RV, or even renters' insurance. The more policies that you can get through the same insurance company, the more you'll save!
Many insurance companies now offer online car insurance quotes. You can compare all of these. Each company offers different perks and amounts of coverage. By comparing quotes, you’ll see which carrier can comprehensive insure your car at a reasonable rate.
Getting online quotes from different company sites takes a lot of work. We’ve saved you from this. Click the “Get Quotes” button on this page and you’ll go to an online platform that allows for easy car insurance online quotes comparison with a click of a button.
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By Kevauto - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=79210053
I just had an appalling experience trying to cancel my Mom's AAA insurance after she developed dementia and stopped driving. They threw up every barrier to what should have been a simple process, and even refused to accept my Power of Attorney documents electronically. The representative was extremely rude and copped an attitude. I think they refuse to close accounts so they can keep fraudulently charging non-driving seniors. This is a crooked company, and nobody should do business with them.
On May 10, 2023, I was involved in an accident with one of USAA's clients. Everything proceeded smoothly until they decided to give me the runaround in repairing my car or compensating me for its worth. The adjuster was nowhere to be found, and it took me a couple of months to receive any response from them. They informed me that my car was a total loss and provided a specific amount they were willing to pay for it via email, stating that I could dispute it if I could find a car in the same category with the same mileage within a 100-mile radius. Unfortunately, I couldn't find an exact match, but I did find a vehicle that was one year older and one year newer, so I disputed the price they were offering. They assured me they would get back to me in a couple of weeks, but I never heard from them again. Frustrated, I took the step of filing a complaint against them with the Texas Department of Insurance and the Office of the Attorney General. However, I received no assistance beyond the insurance company responding to me and denying my dispute without providing any tangible reasoning. This was after three months of back-and-forth since my car accident, with no access to a replacement vehicle or rental car. Now, it has been five months, and they are attempting to push the responsibility onto my own insurance. These actions indicate that these individuals are playing games with people's lives, and there seems to be no one holding them accountable. It is disheartening to realize that we live in a country that is supposed to protect average citizens from being taken advantage of by large companies like USAA, but this has proven to be far from the truth. I have lost trust in the entire system, and I am determined to stop paying insurance premiums to these corporate entities that seem only interested in taking our hard-earned money every day, without delivering the support they promise.
I was shopping for auto insurance on 11th September 2023. Liberty took$8614 out of my bank that same night without my permission. And now they will not return my hard earned money. Every time I call ,they give me sorry excuses. And now they tell me that ,yes we took your money by fraud. Go write your congressman. But we'll give it back to you in 15 days. Meanwhile my bills are piling. Liberty Mutual stole my money. Please avoid Liberty Mutual at every cost.
I have dealt with many auto insurance companies in my life time but none as deceitful as AAA!! I signed up with a AAA insurance agent back in March. The premium I was would be $138/month-(all good). The agent told me I had to pay 4 months in advance so I gave my credit card to pay for the 4 months including the current month. One month later I received my monthly invoice for payment. The amount due had jumped from $138 (monthly) to $276. I called AAA and they said this was because of an accident that occurred 5 months prior where the other driver was at fault, though the case was still had yet to be closed. AAA would not accept the quoted premium of $138/month. So I shopped for a new insurance policy. A division of Farmers Insurance (Toggle) sold me their auto policy which was superior to AAA at $118/month with only $500 deductible. I canceled AAA and jumped onto the Farmers policy. I contacted AAA to cancel the policy and requested the 3 months paid in advance be reimbursed to me. I was told that I would not be reimbursed and in fact I was still responsible for the premium payment of $276 - that this payment would not be forgiven. I have since filed a claim with the BBB (Better Business Bureau) and if this fails I will take AAA to small claims court. Prior to this experience I respected the AAA name. I've learned that this company is simply TOO BIG and feel they can take advantage of their customers at will. I have since canceled EVERYTHING AAA (roadside service and an insurance policy). This big business corporation is NOT TO BE TRUSTED!!!!
Total scam. Beware. They use drive easy app to bat and switch.
Not all those who wander are lost.
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