Toyota Corolla Insurance Cost & Cheap Quotes (2023)

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.


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.

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.

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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Toyota Corolla Hybrid 2023 Insurance Cost

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

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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 to Get the Most Affordable Corolla Auto Insurance?

Here are some quick tips to help ensure that you get the best Toyota Corolla insurance rates on your next policy. 

List Your Toyota Safety Features

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!

Improve Your Credit Score

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.

Bundle Your Policies Together

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!

Compare Quotes

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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