How much does it cost to insure a Toyota Corolla?

How much does it cost to insure a Toyota Corolla? I'm thinking about buying one, but I want to make sure the insurance is affordable first.

Answer
Some cars are cheaper to insure than others, so it’s smart to check on your car before you buy it. On average, it costs $2,132 a year to insure a Toyota Corolla. However, the cost is determined by many factors. Here are some of the biggest factors providers consider when setting your premium:
  • Age. Drivers under the age of 25 have some of the highest insurance rates of anyone. However, your premium may start to rise again once you turn 60.
  • Location. If you live in an area with a high risk of severe weather or crime, you’ll likely have a higher rate than people in safer areas.
  • Driving history. People who have been in one accident are statistically likely to be in another one. Keeping a clean driving record can go a long way in keeping your premium low.
  • Insurance history. If you have a history of filing claims or lapsing in coverage, your provider may see you as a risk and raise your rate.
Remember, the average cost of a insuring a Toyota Corolla is just an average. You take steps to keep your premium as low as possible, like asking your provider for discounts and dropping excessive coverage.
To make sure you’re getting the best rate on the coverage you need, try Jerry. A licensed broker, the Jerry app can help you find and compare quotes from over 50 top providers in minutes. If you find a plan you like, Jerry can help you switch policies and even help you cancel your old one!
Liz Jenson
Answered on Oct 28, 2021
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