Toyota Corolla vs Hyundai Elantra Insurance Cost

• At an average cost of $2,336 per year, a 2024 Toyota Corolla is cheaper to insure than a 2024 Hyundai Elantra by an average of $272 per year.
• Average car insurance cost per month for the Hyundai Elantra is 10.7% more expensive than the Toyota Corolla, at $195 versus $217.
• Out of 15 models in the 2024 compact car segment, the Toyota Corolla ranks seventh and the Hyundai Elantra ranks 13^th for most affordable car insurance rates.

Is it cheaper to insure a Toyota Corolla or Hyundai Elantra?

Average insurance rates for a 2024 Toyota Corolla are $2,336 per year, while insurance for a Hyundai Elantra costs an average of $2,608 per year, making the Toyota Corolla the cheaper model to insure by $272 per year.

Out of 12 Toyota Corolla trims, the cheapest 2024 trim level to insure is the LE model at an average cost of $2,128 per year, or $177 per month.

For the seven trim levels available for the Hyundai Elantra, the cheapest 2024 model to insure is the N model at a cost of $2,224.

When comparing rates by trim level for both models, the lowest-cost model and trim level is the Toyota Corolla LE at an average of $2,128 per year. The most expensive model and trim level is the Hyundai Elantra Blue Hybrid costing $2,874 per year.

The next table compares the annual and monthly cost of car insurance for 2024 Toyota Corolla and Hyundai Elantra models, with average cost for each trim level.

The rate chart below demonstrates the average cost to insure both models for drivers aged 20 to 50. For a 2024 Toyota Corolla, the average insurance cost ranges from $2,082 to $4,674 per year for these driver ages. A 2024 Hyundai Elantra costs from $2,324 to $5,218 to insure per year.

The next two rate tables display the average insurance rates by trim level for each 2024 model, along with the average rate for each model. The 2024 Toyota Corolla has more affordable average car insurance rates than the 2024 Hyundai Elantra.

2023 Toyota Corolla vs. Hyundai Elantra

For 2023 Toyota Corolla and Hyundai Elantra models, the model having the cheapest car insurance rates is the Toyota Corolla. Insurance cost for the Toyota Corolla averages $2,186 per year, whereas insurance for a Hyundai Elantra averages $2,542 per year.

For the eight trims available for the 2023 Toyota Corolla, the cheapest model to insure is the LE trim at an average cost of $2,076 per year, or $173 per month.

For the seven trims available for the Hyundai Elantra, the cheapest 2023 trim to insure is the SEL trim at a cost of $2,264.

When comparing both models at a trim-level basis, the most affordable model and trim level to insure is the Toyota Corolla LE at an average cost of $2,076 per year. The highest-cost model and trim level is the Hyundai Elantra N at a cost of $2,768 per year.

The table below compares and ranks the yearly and monthly cost of car insurance for 2023 Toyota Corolla and Hyundai Elantra models, with average cost for each trim level.

The chart below shows the average cost to insure the two models for the 20 to 50-year-old driver age groups. For a 2023 Toyota Corolla, the average cost of car insurance ranges from $1,944 to $4,372 per year for the age groups used in this illustration. A 2023 Hyundai Elantra costs from $2,272 to $5,078 to insure per year.

The tables shown below illustrate average car insurance rates for every trim level for both 2023 models, along with an average cost for each model. The winner for the 2023 car insurance cost comparison is the Toyota Corolla.

2022 Toyota Corolla vs. Hyundai Elantra

Insurance on a 2022 Toyota Corolla costs an average of $2,148 per year, while insurance for a Hyundai Elantra averages $2,466 per year, making the Toyota Corolla the model with more affordable average car insurance rates.

Within each different model, however, car insurance cost varies noticeably for each of the different trim levels.

For a 2022 Toyota Corolla, average insurance rates range from the cheapest price of $2,046 per year for the L model up to the most expensive rate of $2,252 for the XSE Apex Edition model.

For a 2022 Hyundai Elantra, rates can range from $2,170 per year for the SEL model up to $2,680 for the most expensive N model.

When comparing both models, the overall cheapest vehicle to insure is the Toyota Corolla L at an average cost of $2,046 per year, and the most expensive model and trim level is the Hyundai Elantra N costing an average of $2,680 per year.

For a 2022 Toyota Corolla, the cheapest models are the L, LE, and SE Hatchback. The cheapest Hyundai Elantra models include the SEL, Hybrid Blue, and SE. From a cost-per-month basis, car insurance rates for all 2022 Toyota Corolla and Hyundai Elantra trim levels range from $171 to $223 per month.

The table shown below ranks the yearly and monthly cost of car insurance for 2022 Toyota Corolla and Hyundai Elantra models, showing average cost for each trim level.

The bar chart below compares average Toyota Corolla insurance rates to average Hyundai Elantra insurance rates for the 2022 model year.

Out of 12 Toyota Corolla trims, the cheapest 2022 model to insure is the L model at an average cost of $2,046 per year. Out of the seven trim levels available for the Hyundai Elantra, the cheapest 2022 trim level to insure is the SEL model at a cost of $2,170 per year, or $181 per month.

When looking at the aggregated rates by trim for both models, the lowest-cost model and trim to insure is the Toyota Corolla L at an average cost of $2,046 per year. The highest-cost model and trim is the Hyundai Elantra N at an average cost of $2,680 per year.

The next two rate tables illustrate all the available trims for both 2022 models, including an overall average rate. The 2022 Toyota Corolla has cheaper average car insurance rates than the 2022 Hyundai Elantra.

2021 Toyota Corolla vs Hyundai Elantra

When comparing average insurance rates for the 2021 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla is cheaper by an average of $580 per year for 2021.

The chart below displays the average cost to insure both models using drivers aged 20 to 50. For a 2021 Toyota Corolla, average insurance cost ranges from $1,586 to $3,536 per year. A 2021 Hyundai Elantra costs from $2,110 to $4,758 to insure per year.

Out of 12 Toyota Corolla trim levels, the cheapest 2021 model to insure is the iM SE Hatchback model at an average cost of $1,680 per year, or about $140 per month. For the six trim levels available for the Hyundai Elantra, the cheapest 2021 model to insure is the SEL Sedan model at a cost of $1,890.

When rates are compared for the 18 trim levels of both 2021 models, the most affordable model and trim level to insure is the Toyota Corolla iM SE Hatchback at an average of $1,680 per year. The most expensive model and trim level is the Hyundai Elantra Sport Sedan at an average of $2,610 per year.

The next tables illustrate both 2021 models and all trim levels available for each one, including an overall average rate. The winner for the 2021 car insurance battle is the Toyota Corolla.

2020 Toyota Corolla vs Hyundai Elantra

For 2020 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla is cheaper to insure by an average of $554 per year for this model year.

The chart below illustrates the average cost to insure both 2020 models rated for different driver ages. For a 2020 Toyota Corolla, the average car insurance cost ranges from $1,544 to $3,446 per year. A 2020 Hyundai Elantra costs from $2,048 to $4,618 to insure per year.

Out of 12 trim levels for the 2020 Toyota Corolla, the cheapest average car insurance prices are on the L Hatchback model at a cost of $1,646 per year, or about $137 per month.

For the eight trims available for the Hyundai Elantra, the cheapest 2020 model to insure is the SEL Sedan model at a cost of $1,840 per year, or about $153 per month.

When comparing car insurance rates for both models by trim level, the cheapest trim to insure is the Toyota Corolla L Hatchback at a cost of $1,646 per year. The most expensive model and trim level is the Hyundai Elantra GT N Line Sedan at an average of $2,606 per year.

The two tables below display average car insurance rates for every trim level for both 2020 models, as well as an average rate for each model. The winner for the 2020 car insurance comparison is the Toyota Corolla.

2019 Toyota Corolla vs Hyundai Elantra

For 2019 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla has cheaper car insurance rates by an average of $558 per year for this comparison year.

The chart shown below visualizes the average cost to insure both 2019 models for different driver ages. Average car insurance cost ranges from $1,422 to $3,140 per year for a 2019 Toyota Corolla, and $1,928 to $4,346 for a 2019 Hyundai Elantra for these driver ages.

The 2019 Toyota Corolla has 12 trims available, with the cheapest model to insure being the L Hatchback model at an average cost of $1,552 per year.

The 2019 Hyundai Elantra has eight trims available, with the cheapest trim to insure being the SEL Sedan trim at an average cost of $1,894 per year, or around $158 per month.

When comparing rates by trim level for both models, the overall cheapest vehicle to insure is the Toyota Corolla L Hatchback at a cost of $1,552 per year. The highest-cost model and trim is the Hyundai Elantra GT N Line Sedan at an average of $2,368 per year.

The next two tables illustrate average car insurance rates for every trim level for both 2019 models, plus the average rate for each model. The model with the cheapest auto insurance rates for 2019 is the Toyota Corolla.

2018 Toyota Corolla vs Hyundai Elantra

For 2018 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla has cheaper car insurance rates by an average of $192 per year.

The chart shown below displays the average cost to insure the two models for different driver ages. Average insurance cost ranges from $1,730 to $3,840 per year for a 2018 Toyota Corolla, and $1,900 to $4,274 for a 2018 Hyundai Elantra for the example age groups.

The 2018 Toyota Corolla has six trim levels available, with the cheapest trim level to insure being the L Sedan trim at an average cost of $1,884 per year. The 2018 Hyundai Elantra has eight trims available, with the cheapest trim level to insure being the GT Sport Hatchback trim at an average cost of $1,628 per year, or $136 per month.

When trim-level rates for both models are compared, the most affordable model and trim level to insure is the Hyundai Elantra GT Sport Hatchback at an average cost of $1,628 per year, and the overall most expensive vehicle to insure is the Hyundai Elantra Limited Sedan costing an average of $2,280 per year.

The next tables illustrate the cost to insure the available trim levels for both 2018 models, along with the average rate for each model.

2017 Toyota Corolla vs Hyundai Elantra

For 2017 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla has cheaper car insurance rates by an average of $256 per year for this model year.

The chart below demonstrates the average cost to insure both 2017 models using drivers aged 20 to 50. For a 2017 Toyota Corolla, the average cost of car insurance ranges from $1,684 to $3,734 per year for the example age groups. A 2017 Hyundai Elantra costs from $1,912 to $4,292 to insure per year.

For the seven trim levels available for the 2017 Toyota Corolla, the cheapest model to insure is the L Sedan model at an average cost of $1,828 per year. The 2017 Hyundai Elantra has five trim levels available, with the cheapest trim level to insure being the SE Sedan trim at an average cost of $2,008 per year, or about $167 per month.

When looking at the aggregated rates by trim for both models, the cheapest vehicle to insure is the Toyota Corolla L Sedan at a cost of $1,828 per year. The highest-cost model and trim is the Hyundai Elantra Limited Sedan at an average of $2,206 per year.

The tables shown below display average car insurance rates for each trim level, plus an average rate for each model. The model with the cheapest auto insurance rates for 2017 is the Toyota Corolla.

2016 Toyota Corolla vs Hyundai Elantra

When comparing insurance rates for the 2016 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla is cheaper to insure by an average of $134 per year.

The chart below displays the average cost to insure the two models with different driver age groups. Average car insurance cost ranges from $1,502 to $3,312 per year for a 2016 Toyota Corolla, and $1,628 to $3,626 for a 2016 Hyundai Elantra.

For the 11 trims available for the 2016 Toyota Corolla, the cheapest model to insure is the L Sedan trim at an average cost of $1,594 per year. For the five trim levels available for the Hyundai Elantra, the cheapest 2016 model to insure is the SE Sedan model at a cost of $1,716.

When rates are compared for the 16 trim levels of both 2016 models, the cheapest vehicle to insure is the Toyota Corolla L Sedan at a cost of $1,594 per year, and the most expensive vehicle to insure is the Hyundai Elantra Sport Sedan at an average of $1,848 per year.

The tables below illustrate trim level insurance cost averages for both 2016 models, as well as the overall average rate for each model. The winner for the 2016 car insurance rate comparison is the Toyota Corolla.

2015 Toyota Corolla vs Hyundai Elantra

For the 2015 Toyota Corolla and Hyundai Elantra models, the Toyota Corolla has cheaper car insurance cost by an average of $96 per year.

The next chart demonstrates the average cost to insure both 2015 models for a range of driver ages. For a 2015 Toyota Corolla, average insurance cost ranges from $1,328 to $2,926 per year for the included age groups. A 2015 Hyundai Elantra costs from $1,416 to $3,122 to insure per year.

Out of 10 trim levels for the 2015 Toyota Corolla, the cheapest average insurance prices are on the L Sedan trim at a cost of $1,410 per year. Out of the four trims available for the Hyundai Elantra, the cheapest 2015 model to insure is the SE Sedan trim at a cost of $1,508.

When comparing rates by trim level for both models, the lowest-cost model and trim level to insure is the Toyota Corolla L Sedan at an average cost of $1,410 per year, and the highest-cost model and trim level is the Hyundai Elantra Sport Sedan costing an average of $1,600 per year.

The tables shown below illustrate average car insurance cost by trim level for a 2015 Toyota Corolla and Hyundai Elantra, including the average rate for each model. The model with the cheapest overall car insurance rates for 2015 is the Toyota Corolla.

Additional Toyota Corolla and Hyundai Elantra Resources

• Toyota Corolla Insurance Rates
• Hyundai Elantra Insurance Rates
• Small Car Insurance Rate Comparisons