Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used Toyota Corolla iM? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Toyota Corolla iM facts

  • Average auto insurance premium: $133/month

  • Most affordable companies: GEICO ($85/month) & Progressive ($88/month)

  • Corolla insurance cost vs. average rate: $40 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Toyota Corolla iM by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Toyota Corolla iM insurer costs by state:

Risk factors affecting Toyota Corolla iM rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your premium. Your own personal driving history, age, marital status, credit score, type of vehicle, coverage levels, and other personal factors are also important components of your rate.

Safety Ratings & Corolla iM Rates

Toyotas are world-famous for their reliability, and this has made them the 3rd highest selling car manufacturer in the United States, behind Ford and General Motors. Toyota had 13.87% of the US market share. Part of their popularity is that Toyotas also have some of the highest safety ratings of any car manufacturer.

Top Safety Ratings from IIHS & NHTSA

The Insurance Institute for Highway Safety (IIHS) has 7 different Toyota models as “Top Safety Pick+” (the highest rating given by the institute) award winners, including the Corolla, Camry, C-HR, Rav4, Venza, Highlander, and Sienna. The National Highway Traffic Safety Administration (NHTSA) ranks eight Toyota models with 5-star ratings based on safety, driver-assist technologies to avoid car accidents. The NHTSA ranks each Toyota with high marks for frontal crash, side crash, and rollover with 4 or 5 stars.

These factors of high reliability and strong safety marks combine to make Toyotas one of the more affordable vehicles to insure. A safer car will represent less risk for an auto insurer, and they will offer the driver lower rates for it. Note that often, a safer car doesn’t necessarily mean lower repair costs in the event of an accident. Still, it does protect the car’s occupants, which greatly reduces property damage liability and bodily injury claims.

Lower repair costs equal lower rates

Thankfully, Toyotas also have reasonable repair costs for several reasons. Their ubiquitous popularity means that many technicians and mechanics are familiar and qualified to work on these vehicles, and spare parts are readily available for almost any Toyota model. Toyota is also very well known for its engineering prowess, and this is evidenced by the logical way they lay out their cars, often making them easy to service for the future.

Methodology

AutoInsureSavings.org collects quotes from the state’s largest car insurers for a 30-year-old male or female motorist for our driver profile. Each driver has a clean driving record, and we applied a good driver, anti-theft, and paperless discounts. Price quotes for each insurer are via Quadrant Information Services.

We retrieved quotes for different years of Corolla iM’s and trim levels from rate data in this instance.

The full coverage policy included:

$50,000 bodily injury liability per person.
$100,000 bodily injury liability per accident.
$50,000 property damage liability per accident.
$50,000 uninsured motorist coverage per person.
$100,000 uninsured motorist coverage per accident.

Collision coverage with a $500 deductible.
Comprehensive coverage with a $500 deductible.

AutoInsureSavings.org uses rate data from Quadrant Information Services. We sourced quotes from insurer filings that are publicly available for rate comparison. Your rates will vary when you get quotes. AutoInsureSavings licensed agents recommend getting quotes before purchasing a new or used motor vehicle to find the best savings for your financial situation and expenses. 

2021 Toyota Corolla iM

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$1280
Allied$1724
Allstate$1457
American Family$1305
Arbella$1416
Auto-Owners$1766
Country Financial$1506
Erie$1057
GEICO$1024
Mercury$1426
MetLife$1690
Nationwide$1166
Progressive$1058
State Farm$1245
Tennessee Farmers$1418
Travelers$1489
USAA$1039

Compare all 2021 Toyota Corolla iM rates

Average Cost to Insure Per Year

$1596

List Price

$20945

Trims Available

Base - SE 5dr - Nightshade 5dr - XSE 5dr - Available 6-speed Intelligent Manual Transmission (iMT) Integrated LED fog lights 18-in. machined-finish alloy wheels - Available Special Edition Supersonic Red exterior color, body kit, unique badge and black rear spoiler

2020 Toyota Corolla iM

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$1233
Allstate$1384
American Family$1254
Country Financial$1458
Erie$1029
GEICO$954
Mercury$1354
MetLife$1657
Nationwide$1139
Progressive$1055
State Farm$1208
Tennessee Farmers$1302
Travelers$1403
USAA$987
Vermont Mutual$1609

Compare all 2020 Toyota Corolla iM rates

Average Cost to Insure Per Year

$1545

List Price

$20915

Trims Available

Base - SE 5dr - Nightshade 5dr - XSE 5dr - Available 6-speed Intelligent Manual Transmission (iMT) Integrated LED fog lights 18-in. machined-finish alloy wheels - Available Special Edition Supersonic Red exterior color, body kit, unique badge and black rear spoiler

2019 Toyota Corolla iM

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$1180
Allstate$1325
American Family$1234
Country Financial$1429
Erie$1020
GEICO$916
Mercury$1303
MetLife$1627
Nationwide$1134
Progressive$1053
State Farm$1178
Tennessee Farmers$1261
Travelers$1350
USAA$923
Vermont Mutual$1595

Compare all 2019 Toyota Corolla iM rates

Average Cost to Insure Per Year

$1517

List Price

$20910

Trims Available

Base - SE 5dr - Nightshade 5dr - XSE 5dr - Available 6-speed Intelligent Manual Transmission (iMT) Integrated LED fog lights 18-in. machined-finish alloy wheels - Available Special Edition Supersonic Red exterior color, body kit, unique badge and black rear spoiler

2018 Toyota Corolla iM

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1196
Acuity$ 1196
Allied$ 1089
Allied$ 1089
American Family$ 1161
American Family$ 1161
Country$ 1267
Country$ 1267
Erie$ 904
Erie$ 904
GEICO$ 1262
GEICO$ 1262
Nationwide$ 1203
Nationwide$ 1203
Plymouth Rock Insurance$ 1302
Plymouth Rock Insurance$ 1302
State Farm$ 1228
State Farm$ 1228
Tennessee Farmers$ 1058
Tennessee Farmers$ 1058
USAA$ 990
USAA$ 990
Vermont Mutual$ 1110
Vermont Mutual$ 1110

Compare all 2018 Toyota Corolla iM rates

Average Cost to Insure Per Year

$1420

List Price

$18850

Trims Available

Base - with safety features - Toyota Safety Sense 2.0 (TSS 2.0) Pre-Collision System with Pedestrian Detection - Star Safety System—includes Enhanced Vehicle Stability Control (VSC),Traction Control (TRAC), Anti-lock Brake System (ABS), Electronic Brake-force Distribution (EBD), Brake Assist (BA) and Smart Stop Technology (SST)

2017 Toyota Corolla iM

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1177
Acuity$ 1177
Allied$ 1107
Allied$ 1107
American Family$ 1144
American Family$ 1144
Country$ 1237
Country$ 1237
Erie$ 878
Erie$ 878
GEICO$ 1169
GEICO$ 1169
Nationwide$ 1222
Nationwide$ 1222
State Farm$ 1170
State Farm$ 1170
Tennessee Farmers$ 1058
Tennessee Farmers$ 1058
Texas Farm Bureau$ 869
Texas Farm Bureau$ 869
USAA$ 979
USAA$ 979
Vermont Mutual$ 1061
Vermont Mutual$ 1061

Compare all 2017 Toyota Corolla iM rates

Average Cost to Insure Per Year

$1259

List Price

$18750

Trims Available

Base - with safety features - Toyota Safety Sense 2.0 (TSS 2.0) Pre-Collision System with Pedestrian Detection - Star Safety System—includes Enhanced Vehicle Stability Control (VSC),Traction Control (TRAC), Anti-lock Brake System (ABS), Electronic Brake-force Distribution (EBD), Brake Assist (BA) and Smart Stop Technology (SST)