The annual full coverage car insurance for a Toyota Corolla ranges from $1,000 to $6,079. Rates vary based on the car's model year, your age, where you park, driving history, coverage level and insurer. MoneyGeek breaks down Toyota Corolla insurance costs and offers insights into the best and cheapest options.
Toyota Corolla Insurance Cost
Updated: April 11, 2025
Key Takeaways
State Farm provides the cheapest annual rate of $497 for minimum coverage across all Toyota Corolla model years.
For a Toyota Corolla, the average yearly cost of minimum coverage is $633, while full coverage averages $1,387.
MoneyGeek's analysis involved reviewing 4,183 quotes for a Toyota Corolla, sourced from Quadrant Information Services. This extensive research ensures reliable and accurate insights.
Toyota Corolla Insurance Rates
What Is the Average Toyota Corolla Car Insurance Cost?
Toyota Corolla insurance costs $116 per month or $1,387 per year for full coverage, based on a 40-year-old male driver with a clean record. For minimum coverage, expect to pay around $53 monthly or $633 annually.
| Minimum Coverage | $633 |
| Full Coverage | $1,387 |
Read more: Average Cost of Car Insurance
Toyota Corolla Insurance Costs by Company
Toyota Corolla insurance costs range from $1,029 to $1,846 per year, depending on age, model year and coverage level. Below is a table comparing average Toyota Corolla insurance rates with the averages for all vehicles from several national and midsize providers.
| Allstate | $1,512 | $1,813 | -17% |
| Auto-Owners | $1,161 | $1,227 | -5% |
| Farmers | $1,809 | $1,956 | -8% |
| GEICO | $1,154 | $1,333 | -13% |
| Kemper | $1,846 | $2,214 | -17% |
| Nationwide | $1,535 | $1,588 | -3% |
| Progressive | $1,631 | $1,743 | -6% |
| State Farm | $1,127 | $1,270 | -11% |
| Travelers | $1,492 | $1,521 | -2% |
| USAA | $1,029 | $1,201 | -14% |
Read more: Best Car Insurance Companies
Cost of Insuring a Toyota Corolla by Model Year
The year your Toyota Corolla was produced impacts your insurance rates, with older models typically costing less. For example, a 2022 model has a full coverage rate of $1,552 compared to $1,234 for a 2009 model. Below are the average full and minimum coverage rates for each production year.
| 2022 | $634 | $1,552 |
| 2021 | $635 | $1,530 |
| 2020 | $619 | $1,511 |
| 2019 | $652 | $1,498 |
| 2018 | $658 | $1,479 |
| 2017 | $635 | $1,450 |
| 2016 | $663 | $1,420 |
| 2015 | $664 | $1,390 |
| 2014 | $637 | $1,360 |
| 2013 | $660 | $1,330 |
| 2012 | $656 | $1,300 |
| 2011 | $629 | $1,278 |
| 2010 | $652 | $1,256 |
| 2009 | $648 | $1,234 |
Toyota Corolla Insurance Costs by Driver Age
Toyota Corolla insurance rates vary greatly depending on the driver's age. For example, 16-year-olds pay an average of $6,079 annually for full coverage, while 40-year-olds pay about $1,399. Below are the average minimum and full coverage rates for drivers across ages.
| 16 | $2,960 | $6,079 |
| 17 | $2,406 | $4,954 |
| 18 | $2,099 | $4,363 |
| 19 | $1,483 | $3,100 |
| 20 | $1,332 | $2,818 |
| 21 | $1,055 | $2,270 |
| 22 | $962 | $2,086 |
| 23 | $893 | $1,948 |
| 24 | $847 | $1,853 |
| 25 | $753 | $1,658 |
| 26 | $733 | $1,604 |
| 27 | $716 | $1,569 |
| 28 | $704 | $1,545 |
| 29 | $694 | $1,524 |
| 30 | $670 | $1,470 |
| 35 | $653 | $1,425 |
| 40 | $646 | $1,399 |
| 45 | $640 | $1,381 |
| 50 | $625 | $1,339 |
| 55 | $608 | $1,302 |
| 60 | $608 | $1,297 |
| 65 | $648 | $1,357 |
| 70 | $704 | $1,452 |
| 75 | $781 | $1,593 |
| 80 | $884 | $1,774 |
| 85 | $956 | $1,903 |
| 90 | $1,009 | $1,994 |
Toyota Corolla Insurance Rates Explained
Several factors affect car insurance rates based on driver profile. Providers also consider factors tied to the vehicle. Below is a list of vehicle-related cost factors, such as make, model, age and safety features.
Toyota Corolla Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Toyota Corolla
Average Full Coverage Rate
$1,387Premiums for Toyota Corolla are:$91 more
This is 7% more expensive.
Value
The Toyota Corolla's MSRP of $28,385 makes it a standard compact car. Insurers factor in its value when setting insurance rates.
Repair costs
The Toyota Corolla's annual repair cost is $362, below the national average. This can lead to cheaper insurance since parts are easier and less expensive to replace.
Performance
The Toyota Corolla has 169 horsepower and goes from 0 to 60 mph in 8.3 seconds. Since it’s not a high-performance vehicle, its power level has little impact on insurance costs.
Vehicle age
Newer Toyota Corollas are typically more expensive to insure than older ones. However, classic cars can be exceptions and may have high insurance costs.
Safety features
The Toyota Corolla's safety features, including stability control, airbags and antilock brakes, may qualify for insurance discounts. Its high safety ratings help reduce accident risks.
Vehicle size
The Toyota Corolla weighs 3,150 lbs, making it a smaller vehicle. This can lead to lower insurance costs since smaller cars typically cause less property damage in accidents.
Trim level
Higher trim levels of the Toyota Corolla include premium upgrades and cost more to insure than the base model due to their higher MSRP.
Theft rates
The Toyota Corolla has a moderate theft rate, which may slightly increase your insurance premiums compared to less-targeted vehicles.
Anti-theft features
The Toyota Corolla comes with anti-theft features that help deter theft, potentially reducing your insurance costs.
Cheapest Toyota Corolla Insurance
State Farm offers the lowest rate for a Toyota Corolla, averaging $497 per year for minimum coverage, based on a 40-year-old male with a clean driving record. Below is a breakdown of the most affordable car insurance by coverage level, age, driving history and model year.
Cheapest Toyota Corolla Insurance by Coverage Level
The coverage level you choose significantly impacts your Toyota Corolla insurance rate. State Farm offers the most affordable minimum and full coverage rates. Below is a breakdown of the cheapest providers for each type.
Cheapest Toyota Corolla Minimum Coverage
GEICO and State Farm offer the cheapest minimum coverage for a Toyota Corolla at $41 per month. Other affordable options include Travelers, Nationwide, Allstate and Progressive.
| USAA | $35 | $418 |
| State Farm | $41 | $497 |
| GEICO | $41 | $498 |
| Travelers | $55 | $663 |
| Allstate | $60 | $717 |
| Progressive | $60 | $718 |
| Nationwide | $60 | $725 |
| Farmers | $64 | $772 |
*State Farm offers non-military-affiliated Toyota Corolla owners the lowest average minimum coverage insurance rate. USAA is the most affordable option for military-affiliated drivers.
Best Toyota Corolla Insurance Rates by Model Year
The list above doesn’t factor in your Toyota Corolla’s production year, so older models may have lower rates. Use the table below to find the cheapest minimum coverage for each model year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $718 | $60 |
| Farmers | $763 | $64 |
| GEICO | $539 | $45 |
| Nationwide | $722 | $60 |
| Progressive | $731 | $61 |
| State Farm | $468 | $39 |
| Travelers | $688 | $57 |
| USAA | $429 | $36 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage Toyota Corolla Insurance
State Farm offers the cheapest full coverage for a Toyota Corolla at $1,096 annually or $91 monthly. Below is the complete list of full coverage car insurance providers and rates.
| USAA | $83 | $1,000 |
| State Farm | $91 | $1,096 |
| GEICO | $94 | $1,123 |
| Nationwide | $121 | $1,447 |
| Allstate | $121 | $1,448 |
| Travelers | $123 | $1,477 |
| Progressive | $131 | $1,567 |
| Farmers | $142 | $1,701 |
*On average, State Farm is the cheapest insurer for non-military-affiliated Toyota Corolla owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest Toyota Corolla Insurance by Age
Drivers aged 16 to 25 and those 55 and older often pay more for Toyota Corolla insurance. Below is a breakdown of the cheapest options by age.
Cheapest Toyota Corolla Insurance for Young Drivers
For Toyota Corolla drivers aged 16 to 25, State Farm offers the lowest insurance minimum coverage rate of $90 monthly or $1,082 yearly. Below is the complete list of the most affordable auto insurance rates for Toyota Corolla drivers.
| USAA | $72 | $864 |
| State Farm | $90 | $1,082 |
| GEICO | $99 | $1,191 |
| Travelers | $115 | $1,384 |
| Allstate | $140 | $1,675 |
| Nationwide | $160 | $1,925 |
| Progressive | $166 | $1,993 |
| Farmers | $173 | $2,079 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Toyota Corolla Insurance for Seniors
State Farm offers the cheapest car insurance for seniors aged 55 and up at $46 monthly or $546 annually. Below is the full list of cheap Toyota Corolla insurers.
| State Farm | $46 | $546 |
| USAA | $46 | $555 |
| GEICO | $50 | $596 |
| Travelers | $66 | $794 |
| Nationwide | $71 | $850 |
| Allstate | $73 | $880 |
| Progressive | $76 | $916 |
| Farmers | $86 | $1,031 |
Cheapest Toyota Corolla Insurance After an Accident
State Farm, GEICO and Travelers offer Toyota Corolla drivers the cheapest car insurance after an accident. See the complete list below.
| State Farm | $52 | $621 |
| USAA | $53 | $637 |
| GEICO | $65 | $783 |
| Travelers | $80 | $963 |
| Allstate | $82 | $987 |
| Nationwide | $94 | $1,128 |
| Progressive | $98 | $1,182 |
| Farmers | $126 | $1,518 |
Toyota Corolla Insurance Cost: Bottom Line
Compare car insurance rates from multiple providers to find the best deal. This article covers Toyota Corolla insurance costs across demographics and highlights the cheapest providers.
Toyota Corolla Insurance Rates: FAQ
Below are answers to common questions about Toyota Corolla insurance costs, helping you find affordable options for your coverage needs.
What company has the cheapest car insurance for a Toyota Corolla?
State Farm offers the cheapest insurance for a Toyota Corolla, with an annual minimum coverage rate of $497.
What is the average cost of car insurance for a Toyota Corolla?
Minimum coverage for a Toyota Corolla costs an average of $633 per year, while full coverage averages $1,387.
Toyota Corolla Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 4,183 Toyota Corolla insurance quotes from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Toyota Corolla:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Toyota Corolla insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Toyota Corolla.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis includes average full coverage policy rates with comprehensive and collision coverage (with a $1,000 deductible) and increased liability limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.