2016 Toyota Corolla Car Insurance Calculator

Discover how choices you make impact the insurance cost for a 2016 Toyota Corolla. Play around with factors like policy coverages, liability limits, deductibles, and driver's age. Instantly see if the changes you make have a positive or negative affect on rates.

The average estimated car insurance premium for a 2016 Toyota Corolla is $1,628 per year, or about $136 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

$1,628

Cost Per Month

$136

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 2016 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.

$1,628
Average Rate
Your Rate
$1,628

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.

The 'Average Rate' is a combined value for all 2016 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 2016 Toyota Corolla is $1,628.

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.

2016 Toyota Corolla vs. the Small Car Segment

The table below compares insurance rates for the 2016 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.

2016 Toyota Corolla Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Smart Fortwo$1,254-$374
2Chrysler Fiat 500$1,360-$268
3Honda Fit$1,386-$242
4Toyota Yaris$1,394-$234
5Nissan Versa$1,396-$232
6Ford Fiesta$1,408-$220
7Subaru Impreza$1,472-$156
8Scion IM$1,488-$140
9Chevrolet Spark$1,500-$128
10Hyundai Accent$1,504-$124
11Volkswagen Golf$1,518-$110
12Mazda 3$1,538-$90
13Scion IA$1,540-$88
14Honda CR-Z$1,576-$52
15Honda Civic$1,586-$42
16Nissan Sentra$1,590-$38
17Kia Rio$1,612-$16
18Toyota Corolla$1,628--
2016 Small Car Average$1,636$8
19Nissan Leaf$1,642$14
20Toyota Prius$1,644$16
21Hyundai Veloster$1,650$22
22Chevrolet Sonic$1,668$40
23Volkswagen Beetle$1,694$66
24Volkswagen GTI$1,706$78
25Chevrolet Volt$1,708$80
26Chevrolet Cruze$1,712$84
27Volkswagen EOS$1,716$88
28Kia Forte$1,724$96
29Ford Focus$1,744$116
30Hyundai Elantra$1,760$132
31Scion FR-S$1,778$150
32Mitsubishi Lancer$1,838$210
33Volkswagen E-Golf$1,852$224
34Volkswagen Jetta$1,924$296
35Dodge Dart$1,968$340
36Scion TC$2,022$394
37Toyota Mirai$2,036$408

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.

2016 Corolla Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2016 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.

2016 Toyota Corolla Insurance Rates by Trim Level
2016 Toyota Corolla Trim Level Annual Premium Cost Per Month
L Sedan$1,556$130
LE EcoPlus Sedan$1,604$134
LE EcoSedan$1,604$134
LE Plus Sedan$1,604$134
LE Sedan$1,604$134
S Plus Sedan$1,604$134
S Sedan$1,604$134
Special Edition Sedan$1,652$138
S Premium Sedan$1,684$140
LE EcoPremium Sedan$1,690$141
LE Premium Sedan$1,700$142

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 2016 Toyota Corolla for different driver ages.

2016 Toyota Corolla Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$5,978$498
17$5,689$474
18$4,909$409
19$4,553$379
20$3,448$287
21$3,291$274
22$2,921$243
23$2,480$207
24$2,314$193
25$1,878$157
30$1,718$143
35$1,682$140
40$1,628$136
45$1,540$128
50$1,466$122
55$1,368$114
60$1,370$114
65$1,448$121
70$1,600$133
75$1,926$161
80$2,370$198

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.