Cost of Toyota Corolla Car Insurance (2025)
Toyota Corolla rates are higher than the national average, but you can still save by choosing the right insurance company.
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The humble Toyota Corolla is the most popular car in the world, with more than 1.12 million cars purchased worldwide in 2022 alone. These cars offer a good blend of value and reliability for the average family, and they’re priced similarly to other car models that haven’t been in production as long, such as the Hyundai Elantra.1
Despite being such an affordable option, Toyota Corolla auto insurance rates are a touch on the high side. The average Corolla owner pays a monthly premium of $110 for liability-only coverage and $219 for full-coverage insurance. That’s slightly higher than the national car insurance averages of $103 per month for liability coverage and $182 per month for full coverage.
Here’s what you should know about getting insurance for your Toyota Corolla.
Cost of Toyota Corolla insurance
The average annual rate for car insurance for Toyota Corollas — all things considered — is $1,320 for liability-only coverage and $2,628 for full coverage.
If you’re associated with the military and qualify for USAA membership, this tends to be the cheapest option for most model years. Otherwise, State Farm and GEICO have the cheapest Toyota Corolla insurance rates.
2023 Toyota Corolla insurance
The MSRP for the 2023 Toyota Corolla ranges from $21,550 to $26,700, depending on the trim level. You can see the cheapest auto insurance quotes for new cars in the following table:
2022 Toyota Corolla insurance
You could expect to spend between $20,425 and $28,710 on a new Toyota Corolla in 2022.2 Insurify partner companies charge varying rates, as you can see in the following table:
2021 Toyota Corolla insurance
The 2021 Toyota Corolla had a starting MSRP of $20,025 and ranged as high as $28,310 with higher-end trim levels.
2020 Toyota Corolla insurance
The MSRP on a new Toyota Corolla in 2020 was between $19,600 and $24,050, depending on the trim package drivers selected.
2019 Toyota Corolla insurance
Drivers paid an MSRP of $18,700 to $22,880 on a new Toyota Corolla in 2019.
2018 Toyota Corolla insurance
A Toyota Corolla cost between $18,600 and $22,780 in 2018, depending on the specific trim package drivers selected.
2017 Toyota Corolla insurance
The MSRP on a new 2017 Toyota Corolla varied by trim level and ranged between $18,500 and $22,680.
2016 Toyota Corolla insurance
After the 2016 model year, Toyota slimmed down its package offerings, giving drivers a last chance at a wider range of trim levels, with MSRPs ranging from $17,300 to $23,125.
2015 Toyota Corolla insurance
Drivers could choose trim packages with MSRPs ranging from $16,950 to $22,955 in 2015.
2014 Toyota Corolla insurance
Depending on the trim level, the total price of a new Toyota Corolla cost between $16,800 and $20,400 in 2014.
Toyota Corolla car insurance coverages
You have several options to choose from when purchasing a car insurance policy. Some types of insurance are mandatory depending on which state you live in, while others are optional and offer additional protection for your car.
You can check out Insurify’s comprehensive guide for a full list of car insurance coverages, but here are some of the common options:
Toyota Corolla car insurance FAQs
Whether you’re looking to insure a newer Toyota Corolla or an older model, here are answers to some questions many people ask their insurance agent when shopping around for insurance quotes.
Who has the cheapest Toyota Corolla insurance?
The best insurance company for Toyota drivers is USAA, followed by State Farm and GEICO. Auto insurance rates can vary by many other different factors as well, such as your location, driving history, whether you have any teens to cover, which coverage options you select, and more.
Are Toyota Corollas expensive to insure?
While it’s not the most expensive vehicle to insure, the average cost of a Toyota Corolla insurance policy is slightly higher than the national average. Nationwide, car insurance costs an average of $103 per month for liability coverage and $182 per month for full coverage.
How much does it cost to insure a Toyota Corolla?
Drivers pay a monthly average of $110 for liability-only coverage and $219 for liability-only full coverage to insure a Toyota Corolla. Aside from the safety features on your Corolla, other major factors affecting your insurance rates include your driving record, age, and ZIP code. Young drivers may pay much higher rates for car insurance, for example.
How much is car insurance for a 2023 Toyota Corolla?
The average 2023 Toyota Corolla car insurance rates range from $67 to $367, depending on the insurance company you select and whether you purchase a liability-only policy or a full-coverage policy. It’s a good idea to shop around and get quotes from multiple companies to find the best coverage.
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