2020 Toyota Corolla Car Insurance Calculator

Learn and understand how changing risk factors influence insurance rates for a 2020 Toyota Corolla. Tailor settings like coverage amounts, annual mileage, and vehicle usage to see their impact on rates. Immediately see if the choices you make result in a cheaper or more expensive rate.

The average estimated car insurance premium for a 2020 Toyota Corolla is $1,690 per year, or about $141 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

$1,690

Cost Per Month

$141

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 2020 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.

$1,690
Average Rate
Your Rate
$1,690

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 2020 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 2020 Toyota Corolla is $1,690.

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.

2020 Toyota Corolla vs. the Small Car Segment

The table below compares insurance rates for the 2020 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.

2020 Toyota Corolla Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Chevrolet Spark$1,586-$104
2Honda Fit$1,648-$42
3Fiat 500L$1,666-$24
4Toyota Corolla$1,690--
5Volkswagen Golf$1,732$42
6Toyota Yaris$1,752$62
7Subaru Impreza$1,778$88
8Fiat 124 Spider$1,806$116
9Nissan Sentra$1,820$130
10Mazda 3$1,834$144
11Honda Civic$1,874$184
12Kia Rio$1,880$190
13Hyundai Accent$1,898$208
14Kia Forte$1,916$226
2020 Small Car Average$1,973$283
15Toyota Prius$2,024$334
16Hyundai Veloster$2,080$390
17Volkswagen GTI$2,088$398
18Volkswagen Jetta$2,100$410
19Nissan Versa$2,110$420
20Nissan Leaf$2,128$438
21Mitsubishi Mirage G4$2,130$440
22Chevrolet Sonic$2,168$478
23Honda Clarity$2,206$516
24Hyundai Elantra$2,230$540
25Hyundai Ioniq$2,274$584
26Toyota 86$2,406$716
27Toyota Mirai$2,460$770

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.

2020 Corolla Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2020 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.

2020 Toyota Corolla Insurance Rates by Trim Level
2020 Toyota Corolla Trim Level Annual Premium Cost Per Month
L Hatchback$1,606$134
L Sedan$1,606$134
iM SE Hatchback$1,614$135
LE Sedan$1,636$136
LE Premium Hatchback$1,668$139
Hybrid LE Sedan$1,686$141
SE Sedan$1,686$141
iM XSE Hatchback$1,716$143
SE Premium Hatchback$1,748$146
XLE Sedan$1,748$146
XSE Sedan$1,748$146
XLE Hatchback$1,816$151

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 2020 Toyota Corolla for different driver ages.

2020 Toyota Corolla Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$6,026$502
17$5,804$484
18$5,138$428
19$4,708$392
20$3,601$300
21$3,435$286
22$3,070$256
23$2,554$213
24$2,405$200
25$1,954$163
30$1,794$150
35$1,738$145
40$1,690$141
45$1,588$132
50$1,508$126
55$1,408$117
60$1,410$118
65$1,494$125
70$1,622$135
75$1,920$160
80$2,358$197

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.