Toyota Corolla Insurance FAQs
Every month, we get numerous questions from our visitors regarding Toyota Corolla insurance rates and the average cost per year they can expect to spend. Below, we've put together a conclusive list of the most common questions that we see again and again.
Is Toyota Corolla Expensive to Insure?
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.
Are Toyotas Expensive to Insure?
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.
How Much Does It Cost to Insure a Toyota Corolla?
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.
If you're looking at a used Corolla manufactured between 2011 and 2022, then expect to pay between $1,100 and $1,300 for full coverage per year (around $120 per month) or around $400 per year ($33 per month) for a basic liability policy.
| Full Coverage Per Month | Full Coverage Per Year | Minimum Liability Per Month | Minimum Liability Per Year |
|---|
| $120 | $1,200 | $33 | $400 |
Please find a more detailed breakdown below.
