Cheap Toyota Corolla iM Car Insurance in 2024 (Find Savings With These 10 Companies)
The leading providers for cheap Toyota Corolla iM car insurance are State Farm, Progressive, and Allstate, with rates starting at $35 per month. These providers are favored for their comprehensive coverage options, customer satisfaction, and value, making them ideal choices for insuring your Toyota Corolla iM.
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
UPDATED: Jul 23, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jul 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Min. Coverage for Toyota Corolla iM
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Min. Coverage for Toyota Corolla iM
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Min. Coverage for Toyota Corolla iM
A.M. Best Rating
Complaint Level
Pros & Cons
Cheap Toyota Corolla iM car insurance is best provided by State Farm, Progressive, and Allstate, with rates starting as low as $35 per month. These companies offer excellent coverage options tailored to meet various needs and budgets.
State Farm stands out for its overall value, providing robust coverage at competitive rates. Progressive excels with flexible plans that can be customized to fit specific requirements. Allstate is known for efficient claims handling and comprehensive service. Choosing the right insurer for your Toyota Corolla iM can lead to substantial savings while ensuring adequate protection.
Company | Rank | Monthly Rates | Good Driver Discount | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | $35 | 20% | Customer Service | State Farm | |
#2 | $41 | 15% | Flexible Plans | Progressive | |
#3 | $49 | 10% | Claims Handling | Allstate | |
#4 | $56 | 20% | Military Members | USAA | |
#5 | $64 | 12% | Customizable Plans | Liberty Mutual | |
#6 | $71 | 10% | Vanishing Deductible | Nationwide | |
#7 | $78 | 15% | Policy Options | Farmers | |
#8 | $86 | 10% | Discount Variety | Travelers | |
#9 | $94 | 15% | Customer Satisfaction | American Family | |
#10 | $102 | 12% | Financial Stability | Auto-Owners |
These top-rated providers not only offer affordable premiums but also high-quality customer service and reliable coverage. For further details, consult our article named “Collision vs. Comprehensive Car Insurance.” Ready to find cheaper car insurance coverage? Enter your ZIP code above to begin.
- Cheap Toyota Corolla iM insurance rates start at $35/month
- Top providers include State Farm, Progressive, and Allstate
- State Farm is the top pick for value and customer satisfaction
#1 – State Farm: Top Overall Pick
Pros
- Lowest Monthly Premiums: At $35 per month, State Farm offers the most cost-effective insurance for the Toyota Corolla iM.
- High Good Driver Discount: A 20% discount for maintaining a clean driving record helps further reduce costs.
- Comprehensive Coverage Options: Wide range of coverage options, including liability, comprehensive, and collision, tailored for the Toyota Corolla iM.
Cons
- Limited Additional Discounts: Offers fewer discounts beyond the good driver discount. Explore further with our article entitled “State Farm Insurance Review & Ratings.”
- Availability Variance: Not available in all regions, which might limit access for some potential customers.
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#2 – Progressive: Best for Flexible Insurance Plans
Pros
- Customizable Coverage Plans: Allows for extensive customization of insurance plans to fit the specific needs of Toyota Corolla iM owners.
- Competitive Rates: Monthly premiums start at $41, offering affordable coverage options.
- Good Driver Discount: Provides a 15% discount for clean driving records. Gain insights by reading our article titled “Progressive Insurance Review & Ratings.”
Cons
- Higher Rates for Riskier Profiles: Drivers with a history of accidents may face higher premiums.
- Complex Claims Process: Claims handling can be more complex compared to some competitors.
#3 – Allstate: Best for Efficient Claims Handling
Pros
- Efficient Claims Processing: Known for quick and effective claims handling, beneficial for Toyota Corolla iM owners.
- Good Driver Discount: Offers a 10% discount for drivers with a clean record. Deepen your understanding with our article called “Allstate Insurance Review & Ratings.”
- Wide Coverage Options: Broad range of coverage options to fit different needs and preferences.
Cons
- Higher Monthly Premiums: Rates of $49 per month are higher compared to some other insurers.
- Limited Additional Discounts: Fewer extra discounts available beyond the good driver discount.
#4 – USAA: Best for Military Members
Pros
- Tailored for Military Members: Specializes in coverage for military personnel and their families, providing relevant and cost-effective options.
- High Good Driver Discount: Offers a 20% discount, which can significantly reduce premiums.
- Competitive Pricing: Monthly rates are $56, providing affordable coverage for Toyota Corolla iM owners.
Cons
- Eligibility Restrictions: Available only to military members, veterans, and their families, limiting access for others.
- Fewer Coverage Options: Limited variety in coverage options compared to other providers. For further details, consult our article named “USAA Insurance Review & Ratings.”
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#5 – Liberty Mutual: Best for Customizable Coverage
Pros
- Customizable Coverage Plans: Offers various customizable insurance plans suitable for the Toyota Corolla iM.
- Moderate Premiums: Monthly rates at $64 are balanced between cost and comprehensive coverage.
- Good Driver Discount: 12% discount for clean driving records helps in reducing overall premiums.
Cons
- Higher Premiums: Rates are higher compared to some competitors. Discover more by delving into our article entitled “Liberty Mutual Review & Ratings.”
- Mixed Customer Service Feedback: Customer service experiences can be inconsistent.
#6 – Nationwide: Best for Vanishing Deductible Program
Pros
- Vanishing Deductible Program: Reduces your deductible over time, benefiting Toyota Corolla iM owners with lower out-of-pocket expenses.
- Good Driver Discount: Provides a 10% discount for maintaining a clean driving record.
- Competitive Monthly Rates: At $71 per month, rates are reasonable for the coverage provided.
Cons
- Fewer Additional Discounts: Limited opportunities for discounts beyond the good driver discount.
- Customer Service Issues: Some customers report less satisfactory service experiences. Get a better grasp by reading our article titled “Nationwide Insurance Review & Ratings.”
#7 – Farmers: Best for Diverse Policy Options
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Pros
- Variety of Policy Options: Extensive policy options that can be customized for Toyota Corolla iM insurance needs.
- Good Driver Discount: Offers a 15% discount for drivers with clean records. Uncover additional insights in our article called “Farmers Insurance Review & Ratings.”
- Customizable Coverage: High level of customization available to tailor policies.
Cons
- Higher Monthly Rates: At $78 per month, premiums are higher compared to many other insurers.
- Complex Policy Details: The range of options can be overwhelming and confusing.
#8 – Travelers: Best for Variety of Discounts
Pros
- Wide Range of Discounts: Offers numerous discount opportunities, which can help reduce insurance costs for the Toyota Corolla iM.
- Good Driver Discount: 10% discount for maintaining a clean driving record. Expand your understanding with our “Travelers Insurance Review & Ratings.”
- Flexible Coverage Options: Various customizable coverage options to fit different needs.
Cons
- Higher Monthly Premiums: At $86 per month, insurance costs are on the higher side.
- Slower Claims Processing: Some customers experience delays in the claims process.
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#9 – American Family: Best for Customer Satisfaction
Pros
- High Customer Satisfaction: Known for excellent customer service and satisfaction among policyholders.
- Good Driver Discount: Offers a 15% discount for drivers with clean records.
- Customizable Coverage Plans: Offers various customizable insurance plans suitable for the Toyota Corolla iM.
Cons
- Higher Monthly Rates: At $94 per month, rates are among the highest. Gain deeper insights by exploring our “American Family Insurance Review & Ratings.”
- Limited Additional Discounts: Fewer opportunities for discounts beyond the good driver discount.
#10 – Auto-Owners: Best for Financial Stability
Pros
- Strong Financial Stability: Known for robust financial stability, ensuring reliability for long-term coverage.
- Good Driver Discount: Provides a 12% discount for drivers with a clean driving record.
- Broad Coverage Options: Offers comprehensive and collision coverage options for Toyota Corolla iM.
Cons
- Higher Monthly Premiums: At $102 per month, Auto-Owners has the highest rates. Discover a wealth of knowledge in our “Auto-Owners Insurance Review & Ratings.”
- Limited Discount Variety: Fewer additional discounts available compared to competitors.
Understanding Car Insurance Rates for the Toyota Corolla iM
Monthly insurance rates for the Toyota Corolla iM vary by provider and coverage level. For minimum coverage, rates range from $35 with State Farm to $102 with Auto-Owners. For full coverage, costs vary from $120 with State Farm to $170 with Auto-Owners.
The Corolla iM’s advanced safety features and reliability typically lead to lower premiums. However, individual rates can be influenced by factors such as the driver’s age, experience, and driving history.
Insurance Company Minimum Coverage Full Coverage
Allstate $49 $140
American Family $94 $165
Auto-Owners $102 $170
Farmers $78 $155
Liberty Mutual $64 $137
Nationwide $71 $150
Progressive $41 $130
State Farm $35 $120
Travelers $86 $160
USAA $56 $145
Insurance costs can also be impacted by the vehicle’s location. Areas with higher crime rates, traffic congestion, or a higher likelihood of accidents generally lead to increased premiums. For more personalized quotes, it’s beneficial to compare rates from different providers.
Additionally, consider why you should always take pictures after a car accident to ensure accurate claims and protect your interests. Broaden your knowledge with our article named “Why You Should Always Take Pictures After a Car Accident” Finding cheap car insurance quotes is easy. Just enter your ZIP code below to instantly compare quotes near you.
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Safety and Insurance Considerations for the Toyota Corolla iM
The Toyota Corolla iM is known for its safety, which contributes to its low insurance costs. It comes equipped with a range of standard safety features, including advanced airbags, anti-lock brakes, stability control, and a suite of driver assistance technologies.
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This comprehensive safety package helps reduce accident risk, and the Corolla iM has also earned high ratings in crash tests from organizations such as the NHTSA and IIHS. These factors make it a reliable choice for insurance. Additionally, the Corolla iM offers optional safety upgrades like blind-spot monitoring, lane departure warning, and forward collision warning with automatic emergency braking.
These features can qualify owners for further insurance discounts, making the Corolla iM an even more appealing option for those seeking both safety and cost savings in their insurance coverage. For a comprehensive understanding, consult our article titled “Can I insure two cars on my policy at two different addresses?“
How Vehicle Modifications Affect Toyota Corolla iM Car Insurance Rates
If you plan to modify your Toyota Corolla iM with aftermarket accessories or performance enhancements, it’s important to consider how these changes might affect your car insurance rates. Some modifications, such as upgrading the engine, adding a new sound system, or installing custom rims, can increase the vehicle’s value or make it more appealing to thieves, which can result in higher insurance costs.
Additionally, performance enhancements that increase the car’s speed or power might be viewed as higher risk by insurers, further raising your premiums. Before making any modifications, consult with your insurance provider to understand how they might impact your premiums.
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Being informed beforehand can help you avoid unexpected increases in your insurance rates and ensure that your modifications align with your budget and insurance policy terms. It’s also worth exploring if your insurer offers any discounts for safety features or modifications that enhance the vehicle’s security.
By taking these steps, you can enjoy your customized Corolla iM without compromising on insurance affordability. For a comprehensive understanding, consult our article titled “Can I get car insurance for a car that is modified or customized?“
Comparing Car Insurance Quotes for the Toyota Corolla iM
When shopping for car insurance for your Toyota Corolla iM, it’s crucial to compare quotes from various providers. Each insurer evaluates risk factors differently, leading to varying rates for the same coverage. By obtaining multiple quotes, you can ensure you’re getting the best rate for your Toyota Corolla iM.
Additionally, consider the coverage options and deductibles offered by each insurer. Some may provide lower rates but offer less comprehensive coverage, while others might have higher rates but include extra benefits such as roadside assistance or accident forgiveness.
Carefully review the details of each quote to find the policy that best fits your needs and budget. Get a better grasp by checking out our article titled “What is the difference between a deductible and a premium in car insurance?” By entering your ZIP code below, you can get instant car insurance quotes from top providers.
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Factors That Influence Toyota Corolla iM Car Insurance Rates
When it comes to determining car insurance rates for the Toyota Corolla iM, several factors come into play. Insurance providers evaluate these factors to assess the risk associated with insuring the vehicle and to set appropriate premiums.
Understanding these elements can help you make informed decisions about your coverage and potentially lower your insurance costs. Here’s a detailed look at the key factors influencing your insurance rates:
- Age and Driving History: Younger drivers and those with a history of accidents or traffic violations are seen as higher risk, leading to higher insurance premiums.
- Location: The area where the vehicle is primarily driven and parked impacts insurance rates. Urban areas with higher rates of accidents or theft typically result in increased premiums.
- Vehicle Modifications: Modifications to the Toyota Corolla iM, such as aftermarket parts or performance enhancements, can raise insurance rates due to increased risk of accidents or theft.
- Comprehensive and Collision Coverage: The level of comprehensive and collision coverage selected affects rates. Higher coverage limits or lower deductibles generally lead to higher premiums.
By considering these factors, you can better understand how your insurance rate is determined and take steps to manage or potentially reduce your costs. Uncover more by delving into our article entitled “Toyota Car Insurance Discount.“
Summary: Affordable Insurance Options for Toyota Corolla iM
Finding cheap Toyota Corolla iM car insurance is made easier with top providers like State Farm, Progressive, and Allstate, offering rates starting at $35 per month. These companies are favored for their comprehensive coverage, customer satisfaction, and overall value. Key factors influencing insurance rates include driver age, location, vehicle modifications, and chosen coverage levels.
By comparing quotes from various insurers, drivers can secure the best rates and maximize savings. Essential tips for reducing premiums include maintaining a clean driving record, considering higher deductibles, and taking advantage of available discounts. Elevate your knowledge with our “What is comprehensive coverage?” Ready to find cheaper car insurance coverage? Enter your ZIP code below to begin.
Frequently Asked Questions
What factors affect the cost of Toyota Corolla iM car insurance?
The cost of Toyota Corolla iM car insurance can be influenced by various factors such as the driver’s age, location, driving history, coverage options, deductible amount, and the insurance provider’s rates. Broaden your knowledge with our article named “Car Insurance Startups Change How You Buy Car Insurance.”
Does the year of the Toyota Corolla iM affect its insurance cost?
Yes, the year of the Toyota Corolla iM can impact its insurance cost. Generally, newer models may have higher insurance premiums due to their higher value and potentially costlier repairs. Ready to shop around for the best car insurance company? Enter your ZIP code below and see which one offers the coverage you need.
Can Safety Features Lower Insurance Costs for a Toyota Corolla iM?
Yes, certain safety features can potentially lower the insurance cost for a Toyota Corolla iM. Features like anti-lock brakes, airbags, traction control, and advanced driver-assistance systems may make the car safer to drive and reduce the risk of accidents, thus potentially leading to lower insurance premiums.
Do insurance rates vary for different Toyota Corolla iM trims?
Insurance rates can vary for different Toyota Corolla iM trims. Higher-end trims may have higher insurance costs due to their increased value and potentially higher repair or replacement costs. Explore further with our article entitled “Hidden Car Insurance Discounts.”
How can I find the most affordable insurance for a Toyota Corolla iM?
To find the most affordable insurance for a Toyota Corolla iM, you can start by obtaining quotes from multiple insurance providers. Additionally, maintaining a clean driving record, opting for higher deductibles, and exploring available discounts such as multi-policy or safe driver discounts can help lower the insurance cost.
What is the cheapest Toyota to insure?
The Toyota Corolla iM is among the cheapest Toyotas to insure, with rates starting at $35 per month from providers like State Farm.
How much is Toyota comprehensive car insurance?
The cost of comprehensive car insurance for a Toyota can vary, but on average, it ranges from $125 to $167 per month. Gain insights by reading our article titled “Car Club Car Insurance Discounts.”
Which is best for car insurance?
State Farm is considered one of the best for car insurance due to its overall value, competitive rates, and comprehensive coverage options.
What’s the cheapest Toyota to insure?
The Toyota Corolla iM is one of the cheapest Toyotas to insure, with monthly rates starting at $35.
Is fully comprehensive car insurance?
Fully comprehensive car insurance provides extensive coverage, including protection against damages to your own vehicle and third-party liabilities. Deepen your understanding with our article called “Is an unregistered car covered by car insurance?”
What car insurance is the most popular?
State Farm, Progressive, and Allstate are some of the most popular car insurance providers.
What is the cheapest full coverage car insurance?
State Farm offers some of the cheapest full coverage car insurance options, with rates for the Toyota Corolla iM starting at $35 per month.
How much is a new Toyota Corolla iM?
A new Toyota Corolla iM typically costs around $19,000 to $22,000, depending on the model year and features. For further details, consult our article named “What is the difference between a deductible and a premium in car insurance?”
What does Toyota iM stand for?
The “iM” in Toyota Corolla iM stands for “individuality” and “modern.”
What is zero car insurance?
Zero car insurance is a term often used to refer to zero depreciation car insurance, which covers the full cost of replacing car parts without accounting for depreciation.
What type of car is Toyota Corolla iM?
The Toyota Corolla iM is a compact hatchback. Discover more by delving into our article entitled “Defensive Driving Courses Can Lower Your Car Insurance Rates.”
Which is the most expensive form of car insurance?
Liability-only insurance can be more costly in the long run if an accident occurs, as it doesn’t cover damages to the insured’s own vehicle.
What is the most basic car insurance?
The most basic car insurance is liability-only insurance, which covers damages to other people’s property and injuries but not to the insured’s own vehicle.
How much is a Toyota Corolla iM worth?
The value of a Toyota Corolla iM can vary based on factors such as age, condition, and mileage, but typically ranges from $12,000 to $20,000. Get a better grasp by reading our article titled “How to Document Damage for Car Insurance Claims.”
How long does a Toyota Corolla iM last?
With proper maintenance, a Toyota Corolla iM can last over 200,000 miles or approximately 15 to 20 years.
Which category is cheapest to insure?
Generally, compact cars like the Toyota Corolla iM are the cheapest to insure due to their lower repair and replacement costs.
What is the difference between Toyota Corolla and Corolla iM?
The main difference is that the Toyota Corolla iM is a hatchback, offering more cargo space and a sportier design compared to the sedan version of the Toyota Corolla. Uncover additional insights in our article called “Occupation Car Insurance Discount.”
Which category of car insurance is best?
Comprehensive car insurance is considered the best category as it covers a wide range of incidents, including accidents, theft, and natural disasters.
What is the most expensive type of car insurance?
Full coverage insurance, which includes comprehensive and collision coverage, is generally the most expensive type of car insurance. Stop overpaying for car insurance. Our free quote comparison tool allows you to shop for quotes from the top providers near you by entering your ZIP code below.
What is the cheapest second-hand car to insure?
The Toyota Corolla iM is among the cheapest second-hand cars to insure, with affordable rates starting at $35 per month. Discover a wealth of knowledge in our “Car Accidents: What to do in Worst Case Scenarios.”
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.