Toyota Corolla Car Insurance Cost 2024

Toyota Corolla Insurance Rates by Company

Drivers of Toyota Corolla vehicles could save a significant amount by comparing car insurance quotes from several companies. Our analysis of top insurers found that USAA* is the most budget-friendly choice for insuring a Corolla. The runner-up was Travelers.

Related: The best car insurance companies

Toyota Corolla Insurance Costs by State

Variations in Toyota Corolla auto insurance rates from one state to another are generally due to factors like past claims, medical bills, vehicle repair costs and state regulations. For Corolla insurance, Louisiana stands out as the highest-cost state and Hawaii is the best for insurance costs.

Cost of Insurance for a Toyota Corolla Based on Driver Age

Our analysis found that 60 is the cheapest age for insuring a Toyota Corolla.

Conversely, we found that drivers age 20 will have the most expensive insurance bills.

There are multiple factors that go into determining your own car insurance quotes. These typically include your driving record, your address (where you keep the car), annual mileage, your credit-based insurance score (people with lower credit pay more), your past auto insurance claims, the type of the vehicle, any recent lapse in your vehicle insurance and the types and amount of insurance you have.

Related: 9 Factors That Affect Your Car Insurance Rates

How to Save Money on Toyota Corolla Car Insurance

There are several ways you can lower car insurance costs, such as:

• Compare auto insurance quotes. Auto insurance companies each have their own formula for pricing insurance for a Toyota Corolla. The best way to find a low rate is to compare car insurance quotes from several companies.
• Find the right amount of car insurance. While you want to make sure you have the right amount of coverage, you also don’t want to end up buying unnecessary insurance for a Corolla. Here are tips for deciding how much car insurance you need.
• Maintain a good credit score. Insurers in most states can use your credit-based insurance score as a factor in setting rates. But not all insurers weigh this factor the same, which is why it’s smart to get multiple quotes.
• Increase your car insurance deductible. Usually the higher the car insurance deductible, the less you pay in premiums. Typical deductible amounts range from $250 to $2,000 and up.

Methodology

Unless otherwise noted, rates are based on a 40-year-old female with a good driving record and insuring a new vehicle. Rates shown are for coverage of $100,000 in bodily injury liability coverage per person, $300,000 per accident and $100,000 in property damage liability (100/300/100), uninsured motorist coverage, collision and comprehensive insurance with a $500 deductible, and any other coverage required in a state. Source: Quadrant Information Services.

*USAA car insurance is available only to military members, veterans and their families.