Is it Cheaper to Insure a Toyota Corolla or Nissan Versa?

• A 2023 Toyota Corolla has cheaper car insurance rates than a 2023 Nissan Versa by an average of $226 per year, $1,656 compared to $1,882.
• For a 2023 Toyota Corolla, auto insurance rates cost from $1,574 to $1,714 per year, while a 2023 Nissan Versa ranges from $1,814 to $1,934, depending on the model being insured.
• With 15 models in the 2023 small car category, the Toyota Corolla ranks fourth and the Nissan Versa ranks 12^th for overall car insurance affordability.
• The Toyota Corolla costs an average of 13.7% less per year than the 2023 model year average U.S. car insurance rate of $1,900, while the Nissan Versa averages 1% less per year.

2023 Toyota Corolla vs. Nissan Versa

When comparing the Toyota Corolla and Nissan Versa for the 2023 model year, the model with the lower car insurance rates is the Toyota Corolla. Insurance on the Toyota Corolla averages $1,656 per year, whereas insurance for the Nissan Versa averages $1,882 per year.

Average insurance rates for the Corolla range from $1,574 per year for the LE model up to the most expensive rate of $1,714 for the XSE model. For the 2023 Versa, rates range from $1,814 per year on the S Manual model up to $1,934 on the SR model.

For the 2023 Toyota Corolla, the cheapest trims to insure are the LE, LE Hybrid, and SE Hatchback. The lowest-cost Nissan Versa models to insure include the S Manual, S CVT, and SV.

The next table compares the annual and monthly cost of car insurance for 2023 Toyota Corolla and Nissan Versa models, with the average insurance rate for each vehicle.

The following chart illustrates the average cost to insure both 2023 models for drivers from ages 20 to 50. Average full-coverage insurance ranges from $1,506 to $3,272 per year for a 2023 Toyota Corolla, and $1,720 to $3,726 on the 2023 Nissan Versa for the included age groups.

Out of eight trims for the 2023 Toyota Corolla, the most affordable average insurance prices are on the LE model at a cost of $1,574 per year. The 2023 Nissan Versa has four option levels available, with the most affordable trim level to insure being the S Manual trim at an average cost of $1,814 per year.

When rates are compared for the 12 different trim levels of both 2023 models, the lowest-cost model and trim level to buy insurance for is the Toyota Corolla LE at a cost of $1,574 per year, and the most expensive vehicle to insure is the Nissan Versa SR at an average cost of $1,934 per year.

The tables below break down trim level insurance rates for each 2023 model, as well as an average rate for each model. The winner for the 2023 car insurance rate comparison is the Toyota Corolla.

2022 Toyota Corolla vs. Nissan Versa

When comparing car insurance rates for 2022 models, the Toyota Corolla costs an average of $1,634 per year to insure and the Nissan Versa costs $1,880, making the Toyota Corolla the cheaper model to insure by $246.

The chart shown below shows the average cost to insure both models using drivers aged 20 to 50. For the 2022 Toyota Corolla, the average cost of car insurance ranges from $1,492 to $3,214 per year for the included age groups. Auto insurance for a 2022 Nissan Versa costs from $1,720 to $3,724 on average per year.

The 2022 Toyota Corolla has 12 trim levels available, with the lowest-cost model to insure being the L trim at an average cost of $1,558 per year. The 2022 Nissan Versa has three option levels available, with the most affordable model to insure being the S trim at an average cost of $1,848 per year, or $154 per month.

When comparing combined rates for both models from a trim-level perspective, the overall cheapest vehicle to insure is the Toyota Corolla L at an average of $1,558 per year, and the most expensive trim is the Nissan Versa SR at a cost of $1,934 per year.

The rate tables below display the average insurance cost by trim level for both 2022 models, along with the average rate for each model. The 2022 Toyota Corolla reigns victorious over the 2022 Nissan Versa for the cheapest average car insurance rates.

2021 Toyota Corolla vs. Nissan Versa

When comparing car insurance rates for 2021 models, the Toyota Corolla costs an average of $1,346 per year for a full-coverage policy and the Nissan Versa costs $1,692, making the Toyota Corolla the cheaper model to insure by $346 for this comparison year.

The next chart visualizes the average cost to insure both 2021 models with different ages of drivers. Average car insurance cost ranges from $1,226 to $2,648 per year for the 2021 Toyota Corolla, and $1,548 to $3,350 for the 2021 Nissan Versa for the included driver ages.

Out of 12 trims for the 2021 Toyota Corolla, the cheapest insurance prices are on the iM SE Hatchback trim at a cost of $1,272 per year, or $106 per month.

A 2021 Nissan Versa has five trim and option levels available, with the most affordable trim level to insure being the 1.6 S MT Sedan model at an average cost of $1,624 per year.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level to buy insurance for is the Toyota Corolla iM SE Hatchback at an average rate of $1,272 per year, and the most expensive model and trim level is the Nissan Versa 1.6 SR Sedan at an average cost of $1,772 per year.

The rate tables below detail all the available trims for both 2021 models, as well as an average rate for each model.

2020 Toyota Corolla vs. Nissan Versa

When comparing average insurance cost for 2020 models, the Toyota Corolla costs $1,332 per year for a full-coverage policy and the Nissan Versa costs $1,676, making the Toyota Corolla the cheaper model by $344 for 2020.

The next chart visualizes the average car insurance cost for both 2020 models for the 20 to 50-year-old driver age groups. For the 2020 Toyota Corolla, the average cost of car insurance ranges from $1,214 to $2,626 per year for the five driver age examples in the chart. Auto insurance on a 2020 Nissan Versa ranges from $1,532 to $3,322 on average per year.

Out of 12 trim levels for a 2020 Toyota Corolla, the most affordable rates are on the L Hatchback model at a cost of $1,264 per year. For the five trim levels available for the Nissan Versa, the lowest-cost 2020 trim package to insure is the 1.6 S MT Sedan trim at a cost of $1,608.

When looking at the combined rates by trim for both models, the lowest-cost model and trim level to buy insurance for is the Toyota Corolla L Hatchback at a cost of $1,264 per year, and the overall most expensive vehicle to insure is the Nissan Versa 1.6 SR Sedan at an average cost of $1,752 per year.

The tables below break down the average cost to insure each trim level for a 2020 Toyota Corolla and Nissan Versa, including an overall average cost for each model.

2019 Toyota Corolla vs. Nissan Versa

When comparing car insurance rates for the 2019 Toyota Corolla and Nissan Versa models, the Toyota Corolla is cheaper by $250 per year.

The rate chart below displays the average cost to insure the two models for the 20, 30, 40, and 50-year-old driver age groups. For a 2019 Toyota Corolla, the average car insurance cost ranges from $1,122 to $2,412 per year for the included age groups. A full-coverage policy for a 2019 Nissan Versa costs from $1,356 to $2,928 on average per year.

The 2019 Toyota Corolla has 12 trims available, with the lowest-cost trim to insure being the L Hatchback model at an average cost of $1,204 per year.

Out of the six different option levels available for the Nissan Versa, the most affordable 2019 trim level to insure is the Note 1.6 S Hatchback model at a cost of $1,330.

When average car insurance prices for all 18 trim levels for both 2019 models are compared, the cheapest trim to insure is the Toyota Corolla L Hatchback at a cost of $1,204 per year. The most expensive trim is the Nissan Versa 1.6 SV Sedan costing $1,598 per year.

The next two tables display average car insurance rates for every trim level for both 2019 models, along with an average cost for each model. The winner for the 2019 car insurance cost comparison is the Toyota Corolla.

2018 Toyota Corolla vs. Nissan Versa

For 2018 Toyota Corolla and Nissan Versa models, the Nissan Versa costs less to insure by an average of $84 per year for this model year.

The following chart illustrates the average cost to insure the two models with different drivers at the wheel. For a 2018 Toyota Corolla, the average car insurance cost ranges from $1,392 to $3,010 per year for the five driver ages sampled in the chart. Auto insurance for a 2018 Nissan Versa ranges from $1,316 to $2,846 on average per year.

A 2018 Toyota Corolla has six trims available, with the most affordable trim to insure being the L Sedan trim at an average cost of $1,492 per year. For the six different trim levels available for a Nissan Versa, the lowest-cost 2018 model to insure is the Note 1.6 S Hatchback trim at a cost of $1,304.

When trim-level rates for both models are compared, the overall cheapest vehicle to buy insurance for is the Nissan Versa Note 1.6 S Hatchback at an average cost of $1,304 per year, and the highest-cost model and trim is the Toyota Corolla XSE Sedan costing an average of $1,580 per year.

The two tables below break down average car insurance cost by trim level for a 2018 Toyota Corolla and Nissan Versa, along with the average rate for each model. The cheapest model to insure for the 2018 model year is the Nissan Versa.

2017 Toyota Corolla vs. Nissan Versa

A 2017 Nissan Versa costs $68 less per year to insure per year on average than a 2017 Toyota Corolla, a difference of 4.7%.

The chart shown below visualizes the average cost to insure both 2017 models for four different driver age groups. Average insurance cost ranges from $1,356 to $2,928 per year on the 2017 Toyota Corolla, and $1,294 to $2,796 on a 2017 Nissan Versa for the five age groups shown in the chart.

For the seven trim levels available for the 2017 Toyota Corolla, the lowest-cost trim to insure is the L Sedan model at an average cost of $1,452 per year.

For the eight trim and option levels available for a Nissan Versa, the most affordable 2017 trim to insure is the Note 1.6 S Plus Hatchback trim at a cost of $1,268 per year, or $106 per month.

When rates for all 15 trim levels for both vehicles are compared, the lowest-cost model and trim level to put coverage on is the Nissan Versa Note 1.6 S Plus Hatchback at an average of $1,268 per year, and the most expensive model and trim level is the Nissan Versa 1.6 SL Sedan at an average cost of $1,582 per year.

The tables shown below display the average car insurance cost by trim level for each 2017 model, plus the average rate for each model. The model with the cheapest overall car insurance rates for 2017 is the Nissan Versa.

2016 Toyota Corolla vs. Nissan Versa

When comparing average insurance rates for the 2016 Toyota Corolla and Nissan Versa models, the Nissan Versa is cheaper by an average of $202 per year.

The next chart displays the average cost to insure the two models for drivers from ages 20 to 50. Average car insurance cost ranges from $1,236 to $2,668 per year on a 2016 Toyota Corolla, and $1,054 to $2,268 on the 2016 Nissan Versa.

A 2016 Toyota Corolla has 11 trims available, with the most affordable trim to insure being the L Sedan trim at an average cost of $1,294 per year.

The 2016 Nissan Versa has nine trims available, with the cheapest model to insure being the Note 1.6 S Hatchback model at an average cost of $1,018 per year.

When comparing car insurance rates for both models by trim level, the cheapest vehicle to buy insurance for is the Nissan Versa Note 1.6 S Hatchback at an average rate of $1,018 per year, and the highest-cost model and trim level is the Toyota Corolla S Premium Sedan at an average cost of $1,410 per year.

The next tables show all the available trims 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 Nissan Versa.

2015 Toyota Corolla vs. Nissan Versa

A 2015 Nissan Versa costs $86 less per year to insure per year on average than a 2015 Toyota Corolla, a difference of 7.4%.

The next chart displays the average cost to insure both 2015 models rated for a variety of different driver ages. For the 2015 Toyota Corolla, the average insurance cost ranges from $1,094 to $2,356 per year for the age groups in the chart. Car insurance on the 2015 Nissan Versa ranges from $1,018 to $2,194 on average per year.

Out of 10 trims for a 2015 Toyota Corolla, the lowest-cost car insurance rates are on the L Sedan trim at a cost of $1,150 per year.

For the nine different trim levels available for the Nissan Versa, the cheapest 2015 trim level to insure is the Note 1.6 S Hatchback model at a cost of $1,004.

When average insurance prices for all 19 trim levels for both vehicles are compared, the cheapest model and trim level to put coverage on is the Nissan Versa Note 1.6 S Hatchback at a cost of $1,004 per year. The most expensive trim is the Nissan Versa 1.6 SL Sedan costing $1,310 per year.

The two tables below illustrate the average insurance cost by trim level for both 2015 models, plus an average rate for each model. The 2015 Nissan Versa has more affordable average car insurance than the 2015 Toyota Corolla.

Additional Toyota Corolla and Nissan Versa Resources

• Toyota Corolla Insurance Cost
• Nissan Versa Insurance Cost
• Small Car Insurance Cost Comparisons