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Cheapest 2001 Toyota Corolla Car Insurance (May 2024)

Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your 2001 Toyota Corolla
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R.E. Fulton
Licensed Insurance Agent —Senior Content Writer
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Reviewed by Josh Damico, Vice President Insurance Operations
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Edited by Kianna Walpole, Expert Insurance Writer & Editor

How much does car insurance cost for a 2001 Toyota Corolla

Car insurance
for a 2001 Toyota Corolla typically costs around $95 to meet the minimum state requirements. This is 10% less than the insurance costs for other models in the same price range. 
The price of insurance depends on factors like the car's make, model, trim, safety features, and driver details. For an accurate estimate of insurance costs for your 2001 Toyota Corolla, you can use
Jerry
to compare prices and get a detailed car insurance comparison.

Compare the cheapest 2001 Toyota Corolla car insurance quotes

Every month, thousands of smart Toyota Corolla drivers use Jerry to discover the best rates from top-rated insurance providers. On average, Jerry's customers save about $1,098 per year on car insurance. Here are some affordable quotes Jerry found for 2001 Toyota Corolla drivers.
DateCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
April 22, 2024
Safeco
$94
• State Minimum Liability
April 14, 2024
Plymouth Rock
$233
• 15,000/30,000 Liability
April 14, 2024
Clearcover
$102
• 100,000/300,000 Liability
• Comp / Collision
April 14, 2024
Bristol West
$101
• 50,000/100,000 Liability
April 12, 2024
AAA
$124
• State Minimum Liability
coverageLast Updated May 2, 2024
But keep in mind that insurance costs can differ significantly depending on the specific features of your car and your driving history. The most effective way to assess your own insurance expenses is to request quotes from at least three different insurance companies and compare the rates they offer.

The best car insurance companies for 2001 Toyota Corolla owners

There isn't a single insurance company that's ideal for all 2001 Toyota Corolla drivers. The cost of insurance is determined by various factors such as the driver's age, driving record, and insurance history. Each company uses a slightly different method to calculate these costs.
Jerry recently conducted the most extensive insurance shopping surveys in the nation to help drivers compare car insurance companies not only based on price but also on customer service and claims experience. The table below displays ratings in these three categories from 2001 Toyota Corolla drivers.
Insurance CompanyOverall RatingPriceClaims ExperienceCustomer Service
Safeco
4.6
4.4
4
4.5
Travelers
4.5
4.2
4.4
4.5
Progressive
4.3
3.9
3.9
4.3
AAA
4.2
4
3.8
4.4
Allstate
4.2
3.6
3.8
4.2
USAA
4
3.5
4.5
4.2
State Farm
4
3.4
3.8
4.2
Farmers
4
3.4
4.1
3.9
Geico
3.9
3.3
3.9
4
Liberty Mutual
3.7
3.2
3.5
3.7
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How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
Lower my car insurance too!

Average 2001 Toyota Corolla insurance costs

After analyzing data from many 2001 Toyota Corolla drivers, we discovered that the typical monthly expense for minimum liability coverage is $95, which adds up to $1,140 annually. As for full coverage insurance, the average monthly cost for 2001 Toyota Corolla drivers is $155, or $1,860 per year.
Insurance CoverageAverage insurance cost (monthly)Average insurance cost (yearly)
State minimum coverage
$95
$1,140
Full coverage
$155
$1,860
State minimum coverage
means the smallest amount of car insurance mandated by state laws. This usually involves some level of
liability insurance
for injuries and property damage. Some states also require
uninsured/underinsured motorist coverage
and/or
personal injury protection (PIP)
.
Full coverage car insurance
goes beyond the legal requirements. A full coverage policy generally includes liability,
collision
, and
comprehensive coverage
. These types of insurance offer extensive protection for your vehicle against damages from accidents, theft, vandalism, severe weather, and other incidents, along with liability for property damage or injuries you cause to others.

2001 Toyota Corolla insurance costs by trim level

The price of car insurance for a 2001 Toyota Corolla is also affected by the trim level. Higher trims usually have more technology and luxury features, leading to increased costs for both repairs and insurance coverage.
Car Model & TrimAverage full coverage insurance costAverage minimum coverage insurance cost
2001 CE
$155
$95

How expensive is 2001 Toyota Corolla insurance compared to other years?

Insurance for newer cars is often pricier compared to older models. This is because the advanced technology and components in newer vehicles tend to be more expensive to repair or replace, leading to higher coverage costs. 
However, new models usually come with improved safety features and higher safety ratings, which can bring down insurance expenses. Additionally, some insurers offer discounts for cars that are less than three years old. 
The table below compares the average insurance cost of a 2001 Toyota Corolla with other model years.
CarMinimum CoverageFull Coverage
1993 Toyota Corolla
$123
$218
1994 Toyota Corolla
$88
$200
1995 Toyota Corolla
$90
$183
1997 Toyota Corolla
$101
$129
1998 Toyota Corolla
$77
$106
2000 Toyota Corolla
$84
$143
2001 Toyota Corolla
$95
$155
2002 Toyota Corolla
$106
$177
2003 Toyota Corolla
$95
$152
2004 Toyota Corolla
$98
$136
2005 Toyota Corolla
$83
$141
2006 Toyota Corolla
$90
$128
2007 Toyota Corolla
$92
$150
2008 Toyota Corolla
$100
$157
2009 Toyota Corolla
$101
$155
2010 Toyota Corolla
$91
$158
2011 Toyota Corolla
$91
$162
2012 Toyota Corolla
$93
$184
2013 Toyota Corolla
$99
$168
2014 Toyota Corolla
$103
$177
2015 Toyota Corolla
$91
$178
2016 Toyota Corolla
$97
$170
2017 Toyota Corolla
$92
$184
2018 Toyota Corolla
$96
$181
2019 Toyota Corolla
$90
$194
2020 Toyota Corolla
$114
$194
2021 Toyota Corolla
$105
$203
2022 Toyota Corolla
$100
$204
2023 Toyota Corolla
$106
$234

Are 2001 Toyota Corollas expensive to insure? 

The average cost of car insurance for a 2001 Toyota Corolla is around $95 per month. Compared to similar models close to the 2001 Toyota Corolla’s price range, it’s about 10% less cheaper to insure the Corolla
Check out how the 2001 Toyota Corolla average costs compare to other makes and models of the same year.
ModelAvg. Minimal Coverage Insurance CostAvg. Full Coverage Insurance Cost
2001 Ford F-350
$69
$121
2001 Chevrolet Lumina
$72
$115
2001 Jeep Cherokee
$84
$144
2001 Buick LeSabre
$87
$135
2001 Toyota Corolla
$95
$155
Keep in mind: Insurance companies consider more than just your car's make and model when calculating coverage costs. They also factor in the vehicle's age, Manufacturer's Suggested Retail Price (MSRP) and actual cash value, the size of its engine, and the probability of claims after an accident.

2001 Toyota Corolla
NHTSA safety ratings

Rating TypeRating
Driver's
Passenger's
Overall Front
Overall Side
Overall Rollover Rating
Overall
Side - Pole
Side Barrier Rating Driver
Side Barrier Rating Passenger Rear Seat
Side - Barrier
Side - Pole Barrier combined (FRONT)
Side - Pole Barrier combined (REAR)

What other factors affect 2001 Toyota Corolla insurance rates?

Car insurance companies take into account the following factors when providing quotes:
  1. The type of car you own: Coverage for collisions and comprehensive aspects is more expensive for luxury cars, sports cars, and high-performance vehicles.
  2. Your age: Young drivers (below 25) pay higher insurance rates due to their limited driving experience, while drivers above 75 may also face higher rates due to safety concerns.
  3. Your driving record and claims history: If you've had accidents or received tickets in the past five years, insurance companies may charge higher rates.
  4. Where you park your car: Insurance rates can vary between states and even different ZIP codes. This variation is based on factors such as theft rates, accident statistics, and local weather patterns.

2001 Toyota Corolla insurance costs for young drivers

The Toyota Corolla is a well-liked car among young drivers, but don't anticipate affordable insurance. Drivers aged 16 to 25 generally face some of the highest car insurance rates.
Teen drivers
, in particular, can expect steep rates because of their elevated risk of accidents and violations.
card cover
Elijah (24 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
locationBerea, OH
$69
per month
card cover
Beulah (23 years old)
coverageCoverage
State Minimum
$85
per month
card cover
Jeffrey (22 years old)
coverageCoverage
State Minimum
$182
per month
card cover
Rhoda (24 years old)
coverageCoverage
State Minimum
$184
per month
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Laura (22 years old)
coverageCoverage
15,000 per person
30,000 per accident bodily injury
$233
per month

2001 Toyota Corolla insurance costs for senior drivers

Older drivers usually benefit from some of the lowest rates for 2001 Toyota Corolla insurance. This is because
drivers over 55
have more experience than most other drivers on the road.
However, there's a catch: as you reach your mid-70s, you may notice your car insurance rates begin to rise again. This is attributed to an increased likelihood of driver errors and a higher risk of serious injuries.
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Flora (74 years old)
$135
per month
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Adeline (72 years old)
coverageCoverage
State Minimum
$86
per month

2001 Toyota Corolla insurance cost for drivers with driving violations 

Driving violations, from speeding tickets to DUIs and at-fault accidents, can raise your auto insurance rates. Typically, the surcharge only lasts a few years, but in the case of serious accidents, you could be looking at steep rates for a long time. 
The table below shows real quotes that ‘01 Corolla drivers with violations in their history found through Jerry. 
ViolationCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
Failure to Obey Signal
Progressive
$175
• State Minimum Liability
Careless Driving
Mercury
$237
• 15,000/30,000 Liability
Failure to Yield
Safeco
$246
• State Minimum Liability
coverageLast Updated May 2, 2024

How can I lower the cost of insurance for my 2001 Toyota Corolla?

Save on the cost of insurance for your 2001 Toyota Corolla with these smart strategies:
  1. Compare quotes: Always compare quotes from at least three different insurance providers before making a decision.
    Jerry
    makes this process quick and easy!
  2. Use a broker: Unlike agents who may push expensive policies,
    insurance brokers
    earn commissions without increasing your costs.
  3. Bundle policies: If you have home or renters insurance,
    bundling them
    with a single provider can save you around 15% or more.
  4. Look for discounts: Many insurers offer
    discounts
    for good grades, accident-free records, or even buying a new vehicle.
  5. Join a usage-based insurance program: Most major insurers have programs that let you track your driving habits in real-time, potentially earning you discounts just for participating.

Methodology

The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet our experts

avatar
R.E. Fulton
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Licensed Insurance Agent —Senior Content Writer
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.
As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
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Kianna Walpole
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Expert Insurance Writer & Editor
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.
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Josh Damico
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Head Of Insurance Operations
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18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.