- Toyota GR Corolla car insurance costs $1,650 per year (about $138 per month) for a full coverage policy, but vary considerably based on the trim level.
- With an insurance price range of $142, the cheapest GR Corolla model to insure is the Core at around $1,578 per year, and the most expensive trim being the Circuit Edition at $1,720 annually.
- As one of the cheaper small cars to insure, the Toyota GR Corolla costs $226 less per year on average to insure when compared to the other small cars.
How much does Toyota GR Corolla insurance cost?
Average rates for 2024 are $1,650 annually to insure a Toyota GR Corolla. When priced by coverage type, collision coverage is approximately $750 a year, comprehensive is approximately $482, and the remaining liability and medical coverage costs around $418.
The chart below breaks down average annual car insurance cost on a 2024 Toyota GR Corolla using different driver ages and policy limits. Younger and high-risk drivers pay more expensive premiums, while more mature drivers who qualify for lots of policy discounts save the most money.
Along with driver risk factors, the trim level of the GR Corolla you’re insuring has a pretty big impact on the final policy premium.
As with most vehicles, cheaper trims are generally cheaper to insure. As you add options and packages to the base model, cost increases along with your insurance rates.
The table below displays annual and 6-month policy costs, plus a monthly amount for budgeting, for each 2024 Toyota GR Corolla model trim level.
| 2024 Toyota GR Corolla Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Core | $1,578 | $132 |
| Premium | $1,650 | $138 |
| Circuit Edition | $1,720 | $143 |
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. Updated February 22, 2024
Now that we’ve established some average rates for different drivers and trim levels, let’s see how the GR Corolla stacks up against the other models in the compact car segment.
Toyota GR Corolla versus the competition
The Toyota GR Corolla ranks first out of 15 total vehicles in the 2024 small car category for overall insurance affordability. The GR Corolla costs an estimated $1,650 per year for a car insurance policy with full coverage and the class average cost is $1,876 annually, a difference of $226 less per year.
When average rates are compared to some other models in the small car category, average car insurance prices for a Toyota GR Corolla cost $200 less per year than the Toyota Corolla, $412 less than the Hyundai Elantra, and $202 less than the Kia Forte.
The next table takes the average insurance rates for all 15 models in the 2024 compact car segment and compares them to the cost to insure the GR Corolla. The difference column indicates how much more or less each model costs to insure than the GR Corolla.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Toyota GR Corolla | $1,650 | -- |
| 2 | Nissan Leaf | $1,662 | $12 |
| 3 | Honda Civic | $1,680 | $30 |
| 4 | Nissan Sentra | $1,738 | $88 |
| 5 | Subaru Impreza | $1,744 | $94 |
| 6 | Toyota Prius | $1,772 | $122 |
| 7 | Toyota Corolla | $1,850 | $200 |
| 8 | Kia Forte | $1,852 | $202 |
| 9 | Nissan Versa | $1,872 | $222 |
| 10 | Mitsubishi Mirage G4 | $1,916 | $266 |
| 11 | Volkswagen Jetta | $1,918 | $268 |
| 12 | Mazda 3 | $1,962 | $312 |
| 13 | Hyundai Elantra | $2,062 | $412 |
| 14 | Volkswagen Golf | $2,098 | $448 |
| 15 | Toyota Mirai | $2,362 | $712 |
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 vehicle from the 2024 model year. Updated February 22, 2024
A different way to evaluate rates is seeing how the cost of insurance on a Toyota GR Corolla compares to small car models with similar cost. For the 2024 model, the average sticker price on a Toyota GR Corolla is $40,243, before documentation and delivery charges.
The vehicles most similar in price to the GR Corolla for the 2024 model year are the Volkswagen Golf, Toyota Prius, Nissan Leaf, and Mazda 3.
The list below shows how those models compare to a 2024 Toyota GR Corolla for MSRP and average insurance cost.
- Toyota GR Corolla vs. Volkswagen Golf – The average MSRP for a 2024 Toyota GR Corolla is $1,283 more expensive than the Volkswagen Golf, at $40,243 compared to $38,960. The cost to insure a Toyota GR Corolla compared to the Volkswagen Golf is $448 less per year on average.
- Toyota GR Corolla vs. Toyota Prius – Having an average sticker price of $33,221 and ranging from $27,650 to $39,370, the Toyota Prius costs $7,022 less than the GR Corolla. Insuring a 2024 GR Corolla compared to the Toyota Prius costs an average of $122 less annually.
- Toyota GR Corolla vs. Nissan Leaf – The 2024 Toyota GR Corolla has an average MSRP that is $8,078 more expensive than the Nissan Leaf ($40,243 versus $32,165). The average insurance cost for a GR Corolla compared to the Nissan Leaf is $12 less annually.
- Toyota GR Corolla vs. Mazda 3 – The average MSRP for a 2024 Toyota GR Corolla is $10,693 more expensive than the Mazda 3, at $40,243 compared to $29,550. The average insurance cost for the GR Corolla compared to the Mazda 3 is $312 less annually.
Six ways to pay less to insure your new Toyota GR Corolla
Ok, so insurance isn’t so cheap on the GR Corolla. But don’t fret. The list below shows some ways you can help reduce the cost of your policy.
- Research policy discounts to lower the cost. Discounts may be available if the insureds insure multiple vehicles on the same policy, are homeowners, insure their home and car with the same company, are claim-free, or many other policy discounts which could save the average driver as much as $276 per year.
- The cost to insure teen drivers is expensive. Average rates for full coverage GR Corolla insurance costs $5,624 per year for a 16-year-old driver, $5,472 per year for a 17-year-old driver, $4,953 per year for an 18-year-old driver, and $4,507 per year for a 19-year-old driver.
- Clean up your credit for better rates. Having a high credit score of 800+ could save up to $259 per year versus a credit score ranging from 670-739. Conversely, a subpar credit rating could cost up to $300 more per year.
- Avoid driving violations to reduce insurance rates. If you want to pay the most reasonable price on GR Corolla insurance rates, it’s necessary to be a good, safe driver. In fact, just one or two minor driving infractions have the ramification of spiking insurance policy cost by at least $414 per year. Serious misdemeanors such as DUI and hit-and-run could raise rates by an additional $1,464 or more.
- Auto insurance is cheaper with higher deductibles. Increasing deductibles from $500 to $1,000 could save around $282 per year for a 40-year-old driver and $536 per year for a 20-year-old driver.
- As you age, car insurance rates tend to get cheaper. The difference in insurance cost on a 2024 GR Corolla between a 60-year-old driver ($1,364 per year) and a 20-year-old driver ($3,246 per year) is $1,882, or a savings of 81.6%.