How much is full-coverage insurance for a 2005 Corolla?

How much is full-coverage insurance for a 2005 Toyota Corolla? I know it is an older car, but I still want to be well protected.

Answer
“Unfortunately, there’s no clear-cut number that I can give you. Your car insurance rate depends on many personal factors like age, annual mileage, zip code, and driving history.
An additional factor to consider is the actual cash value of your vehicle. Since the 2005 Toyota is 16 years old, it may have a value of less than $2,000. When you factor in the cost of collision insurance, plus the deductible, it may not be worth having full coverage.
Look into carrying liability coverage, along with comprehensive coverage and full-glass coverage. Comprehensive will protect your car from things like fire, theft, vandalism, animals, and some weather damage. Full-glass coverage means you can avoid an out-of-pocket expense if your windshield is chipped or cracked. It will be very inexpensive, and you can carry a low deductible.
If your car is deemed a total loss in a claim, you may get back enough money to put it towards a different car’s down payment. “
avatar
Shannon Martin
Answered on Apr 13, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free