- Toyota GR Corolla car insurance costs $2,004 per year (about $167 per month) for a full coverage policy, but vary considerably based on the trim level.
- With an insurance price range of $242, the cheapest GR Corolla model to insure is the Core at around $1,876 per year, and the most expensive trim being the Morizo Edition at $2,118 annually.
- As one of the more expensive small cars to insure, the Toyota GR Corolla costs $247 more per year on average to insure when compared to the other small cars.
How much does Toyota GR Corolla insurance cost?
Average rates for 2023 are $2,004 annually to insure a Toyota GR Corolla. When priced by coverage type, collision coverage is approximately $952 a year, comprehensive is approximately $484, and the remaining liability and medical coverage costs around $568.
The chart below breaks down average annual car insurance cost on a 2023 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.
|Driver Risk Profile||Annual Rate||Monthly Rate|
|High Risk Driver Age 30||$4,566||$381|
|Safe Driver Age 20||$4,000||$333|
|At-fault Accidents Age 40||$2,824||$235|
|Low Deductibles Age 40||$2,640||$220|
|Safe Driver Age 30||$2,118||$177|
|Safe Driver Age 40||$2,004||$167|
|Safe Driver Age 50||$1,824||$152|
|Safe Driver Age 60||$1,790||$149|
|High Deductibles Age 40||$1,678||$140|
|Discount Rate Age 40||$1,662||$139|
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 2023 Toyota GR Corolla model trim level.
|Toyota GR Corolla Trim Level||Annual Policy||Six-Month Policy||Per Month|
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 14th out of 15 total vehicles in the 2023 small car category for overall insurance affordability. The GR Corolla costs an estimated $2,004 per year for a car insurance policy with full coverage and the class average cost is $1,757 annually, a difference of $247 more 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 $348 more per year than the Toyota Corolla, $76 more than the Hyundai Elantra, and $274 more than the Kia Forte.
The next table takes the average insurance rates for all 15 models in the 2023 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.
|10||Mitsubishi Mirage G4||$1,738||-$266|
|14||Toyota GR Corolla||$2,004||--|
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 2023 model, the average sticker price on a Toyota GR Corolla is $42,900, before documentation and delivery charges.
The vehicles most similar in price to the GR Corolla for the 2023 model year are the Volkswagen Golf, Toyota Prius, Nissan Leaf, and Honda Civic.
The list below shows how those models compare to a 2023 Toyota GR Corolla for MSRP and average insurance cost.
- Toyota GR Corolla vs. Volkswagen Golf – The average MSRP for a 2023 Toyota GR Corolla is $3,888 more expensive than the Volkswagen Golf, at $42,900 compared to $39,012. The cost to insure a Toyota GR Corolla compared to the Volkswagen Golf is $344 more per year on average.
- Toyota GR Corolla vs. Toyota Prius – Having an average sticker price of $32,702 and ranging from $27,450 to $38,000, the Toyota Prius costs $10,198 less than the GR Corolla. Insuring a 2023 GR Corolla compared to the Toyota Prius costs an average of $342 more annually.
- Toyota GR Corolla vs. Nissan Leaf – The 2023 Toyota GR Corolla has an average MSRP that is $10,860 more expensive than the Nissan Leaf ($42,900 versus $32,040). The average insurance cost for a GR Corolla compared to the Nissan Leaf is $226 more annually.
- Toyota GR Corolla vs. Honda Civic – The average MSRP for a 2023 Toyota GR Corolla is $13,513 more expensive than the Honda Civic, at $42,900 compared to $29,387. The average insurance cost for the GR Corolla compared to the Honda Civic is $276 more 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 $342 per year.
- The cost to insure teen drivers is expensive. Average rates for full coverage GR Corolla insurance costs $7,132 per year for a 16-year-old driver, $6,694 per year for a 17-year-old driver, $6,260 per year for an 18-year-old driver, and $5,682 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 $315 per year versus a credit score ranging from 670-739. Conversely, a subpar credit rating could cost up to $365 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 $528 per year. Serious misdemeanors such as DUI and hit-and-run could raise rates by an additional $1,850 or more.
- Auto insurance is cheaper with higher deductibles. Increasing deductibles from $500 to $1,000 could save around $326 per year for a 40-year-old driver and $640 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 2023 GR Corolla between a 60-year-old driver ($1,790 per year) and a 20-year-old driver ($4,000 per year) is $2,210, or a savings of 55.3%.