Is Corolla expensive to insure?
The Toyota Corolla has an Insurance Over Sticker rate of 13.8%, higher than the average for all vehicles, which is 9.6%. The MSRP for the Toyota Corolla is $14,952, while the average insurance cost per year for this vehicle is $2,063.38. This particular defect may be a contributing factor to the high insurance cost.
How much is full coverage on a Toyota Corolla?
Insurance for the Toyota Corolla costs $2,245 per year on average across the six model years we considered, for our adult male profile driver’s full coverage car insurance policy.
How much is insurance for a 2010 Corolla?
Average insurance rates for a 2010 Toyota Corolla are $1,132 a year including full coverage. Comprehensive insurance costs approximately $194 a year, collision costs $306, and liability costs $474. Buying a liability-only policy costs as little as $522 a year, with high-risk insurance costing $2,444 or more.
How much is insurance for a 2008 Corolla?
Average insurance rates for a 2008 Toyota Corolla are $1,068 a year with full coverage. Comprehensive insurance costs around $174, collision costs $258, and liability costs $478. Buying a liability-only policy costs as little as $526 a year, with high-risk insurance costing $2,304 or more.
How much is insurance on a 2020 Corolla?
A 2020 model costs $1,376 per year to insure. Toyota Corolla insurance rates may differ by insurer depending on the model year of your car. USAA offers the cheapest option at $1,019 per year for a 2020 Toyota Corolla. You can check how rates compare by company for the model year of your Toyota Corolla below.
How much does it cost to insure a 2021 Toyota Corolla?
The average 2021 Toyota Corolla insurance cost is $116 per month, or $1,384 per year.
Is it cheaper to insure an older car?
Do Older Cars Cost More to Insure? Your rates for comprehensive coverage or collision coverage on an older vehicle may be lower than what you’d pay for those same coverages on a newer car that’s worth more. Older cars are typically worth less, as their value depreciates over time.
How much is insurance for a 2011 Corolla?
Age of the Vehicle
| Model Year | Comprehensive | Collision |
|---|---|---|
| 2013 Toyota Corolla | $230 | $424 |
| 2012 Toyota Corolla | $220 | $380 |
| 2011 Toyota Corolla | $206 | $350 |
| 2010 Toyota Corolla | $198 | $328 |
Should I have full coverage on a 10 year old car?
One rule of thumb is to eliminate collision and comprehensive insurance coverage on your vehicle once the annual premiums exceed 50% of the car’s value . Keep in mind that liability coverage is required by law in Alberta and this coverage will not be affected by the age of your vehicle.
At what point do you drop full coverage on my car?
A good rule of thumb is that when your annual full-coverage payment equals 10% of your car’s value, it’s time to drop the coverage. You have a big emergency fund. If you don’t have any savings, car damage might leave you in a severe bind.
How much is insurance on a 2021 Corolla?
What’s the average insurance cost for a Toyota Corolla?
With the average insurance rate at $903 per year, the annual insurance cost–to–base car price ratio is 5%. How safe is the Toyota Corolla? The Toyota Corolla sedan received a 5-Star overall safety rating from the Australasian New Car Assessment Program (ANCAP).
What’s the price of a 2009 Toyota Corolla?
Compare to Similar Vehicles Used 2009 Toyota Corolla Used 2011 Chevrolet Cruze Used 2011 Volkswagen Jetta Used 2011 Mitsubishi Galant See Details See Details See Details Price $7,988 $7,751 $7,755 $7,755 KBB.com Rating N/A 3.3 3.3 N/A Consumer Rating 4.5 4.3 4.4 4.5
Is the Toyota Corolla too expensive to repair?
The Toyota Corolla is an entry-level compact car that shouldn’t be too expensive to maintain or repair. This could help reduce the cost of insurance. Theft. The Corolla has a fairly high theft rate compared to other vehicles, which could lead to higher insurance premiums. Repairs.
Is the Toyota Corolla a good car to have?
The Toyota Corolla is an entry-level compact car that shouldn’t be too expensive to maintain or repair. This could help reduce the cost of insurance. Theft. The Corolla has a fairly high theft rate compared to other vehicles, which could lead to higher insurance premiums.