Toyota Corolla Car Insurance Calculator

Get instant feedback how changes to different risk factors impact the insurance cost for a Toyota Corolla. Modify options like driver's age, policy discounts, and trim level and watch how each affects your rate. Know immediately if the changes you make have a positive or negative affect on rates.

The average estimated car insurance premium for a 2024 Toyota Corolla is $2,282 per year, or about $190 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,282

Cost Per Month

$190

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Toyota Corolla Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a Toyota Corolla.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,282
Average Rate
Your Rate
$2,282

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year Toyota Corolla.

The 'Average Rate' is a combined value for all Toyota Corolla trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 Toyota Corolla is $2,282.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 Toyota Corolla vs. the Small Car Segment

The table below compares insurance rates for the 2024 Toyota Corolla against all other models in the small car segment. The Toyota Corolla is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Toyota Corolla, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Toyota Corolla.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 Toyota Corolla Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Toyota GR Corolla$2,034-$248
2Nissan Leaf$2,052-$230
3Honda Civic$2,074-$208
4Nissan Sentra$2,146-$136
5Subaru Impreza$2,154-$128
6Toyota Prius$2,188-$94
7Toyota Corolla$2,282--
8Kia Forte$2,288$6
9Nissan Versa$2,310$28
2024 Small Car Average$2,315$33
10Mitsubishi Mirage G4$2,364$82
11Volkswagen Jetta$2,370$88
12Mazda 3$2,424$142
13Hyundai Elantra$2,542$260
14Volkswagen Golf$2,586$304
15Toyota Mirai$2,916$634

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 Corolla Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 Toyota Corolla.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 Toyota Corolla Insurance Rates by Trim Level
2024 Toyota Corolla Trim Level Annual Premium Cost Per Month
LE$2,078$173
LE Hybrid$2,136$178
SE$2,174$181
Nightshade$2,208$184
SE Hybrid$2,222$185
XSE Hybrid$2,252$188
Nightshade Hybrid$2,254$188
XSE$2,260$188
XLE Hybrid$2,266$189
SE Hatchback$2,464$205
Nightshade Hatchback$2,502$209
XSE Hatchback$2,582$215

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 Toyota Corolla for different driver ages.

2024 Toyota Corolla Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,182$682
17$7,882$657
18$6,984$582
19$6,395$533
20$4,886$407
21$4,664$389
22$4,168$347
23$3,461$288
24$3,261$272
25$2,644$220
30$2,424$202
35$2,350$196
40$2,282$190
45$2,140$178
50$2,034$170
55$1,896$158
60$1,900$158
65$2,018$168
70$2,194$183
75$2,600$217
80$3,198$267

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Toyota Corolla trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the Toyota Corolla.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average Toyota Corolla Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 Toyota Corolla$2,282$190
2023 Toyota Corolla$2,136$178
2022 Toyota Corolla$2,098$175
2021 Toyota Corolla$1,736$145
2020 Toyota Corolla$1,690$141
2019 Toyota Corolla$1,552$129
2018 Toyota Corolla$1,874$156
2017 Toyota Corolla$1,824$152
2016 Toyota Corolla$1,628$136
2015 Toyota Corolla$1,440$120
2014 Toyota Corolla$1,390$116
2013 Toyota Corolla$1,364$114

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Toyota Corolla trim levels for each model year.