Toyota Corolla vs Hyundai Elantra Insurance Cost

• At an average cost of $2,282 per year, a 2024 Toyota Corolla is cheaper to insure than a 2024 Hyundai Elantra by an average of $260 per year.
• Average car insurance cost per month for the Hyundai Elantra is 10.9% more expensive than the Toyota Corolla, at $190 versus $212.
• 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 $2,282 per year, while insurance for a Hyundai Elantra costs an average of $2,542 per year, making the Toyota Corolla the cheaper model to insure by $260 per year.

Out of 12 Toyota Corolla trims, the cheapest 2024 trim level to insure is the LE model at an average cost of $2,078 per year, or $173 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 $2,172.

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 $2,078 per year. The most expensive model and trim level is the Hyundai Elantra Blue Hybrid costing $2,804 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 $2,034 to $4,562 per year for these driver ages. A 2024 Hyundai Elantra costs from $2,268 to $5,092 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 $2,136 per year, whereas insurance for a Hyundai Elantra averages $2,482 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 $2,028 per year, or $169 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 $2,210.

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 $2,028 per year. The highest-cost model and trim level is the Hyundai Elantra N at a cost of $2,702 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 $1,898 to $4,268 per year for the age groups used in this illustration. A 2023 Hyundai Elantra costs from $2,220 to $4,954 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 $2,098 per year, while insurance for a Hyundai Elantra averages $2,408 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 $1,998 per year for the L model up to the most expensive rate of $2,200 for the XSE Apex Edition model.

For a 2022 Hyundai Elantra, rates can range from $2,118 per year for the SEL model up to $2,618 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 $1,998 per year, and the most expensive model and trim level is the Hyundai Elantra N costing an average of $2,618 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 $167 to $218 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 $1,998 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 $2,118 per year, or $177 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 $1,998 per year. The highest-cost model and trim is the Hyundai Elantra N at an average cost of $2,618 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 $562 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 $1,548 to $3,450 per year. A 2021 Hyundai Elantra costs from $2,060 to $4,644 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 $1,640 per year, or about $137 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 $1,846.

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 $1,640 per year. The most expensive model and trim level is the Hyundai Elantra Sport Sedan at an average of $2,550 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 $540 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 $1,508 to $3,364 per year. A 2020 Hyundai Elantra costs from $1,998 to $4,504 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 $1,606 per year, or about $134 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 $1,798 per year, or about $150 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 $1,606 per year. The most expensive model and trim level is the Hyundai Elantra GT N Line Sedan at an average of $2,546 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 $544 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 $1,388 to $3,066 per year for a 2019 Toyota Corolla, and $1,878 to $4,242 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 $1,516 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 $1,848 per year, or around $154 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 $1,516 per year. The highest-cost model and trim is the Hyundai Elantra GT N Line Sedan at an average of $2,314 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 $190 per year.

The chart shown below displays the average cost to insure the two models for different driver ages. Average insurance cost ranges from $1,690 to $3,748 per year for a 2018 Toyota Corolla, and $1,854 to $4,168 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 $1,838 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 $1,590 per year, or $133 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 $1,590 per year, and the overall most expensive vehicle to insure is the Hyundai Elantra Limited Sedan costing an average of $2,228 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 $250 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 $1,646 to $3,646 per year for the example age groups. A 2017 Hyundai Elantra costs from $1,864 to $4,190 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 $1,782 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 $1,960 per year, or about $163 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 $1,782 per year. The highest-cost model and trim is the Hyundai Elantra Limited Sedan at an average of $2,154 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 $132 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 $1,466 to $3,232 per year for a 2016 Toyota Corolla, and $1,590 to $3,542 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 $1,556 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 $1,674.

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 $1,556 per year, and the most expensive vehicle to insure is the Hyundai Elantra Sport Sedan at an average of $1,806 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 $88 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 $1,296 to $2,854 per year for the included age groups. A 2015 Hyundai Elantra costs from $1,380 to $3,048 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 $1,378 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 $1,474.

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 $1,378 per year, and the highest-cost model and trim level is the Hyundai Elantra Sport Sedan costing an average of $1,564 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