Finding affordable auto insurance for a Toyota Corolla is pretty simple, but it is dependent upon an enormous amount of rating factors such as miles driven annually, your credit status, and the level of deductible you choose. Drivers in California pay around $1,028 annually for Corolla insurance, but that amount is an estimation based upon a 50-year-old single female driver with full coverage and $1,000 deductibles.
The problem with using this number is the good chance you are not 50 and maybe not even a female, possibly married instead of single, and maybe your Corolla just needs liability-only coverage. Just a very minor change in rating variables or coverage information could end up in a significant change in the policy cost.
Not every driver requires the same auto insurance coverages, so the only way to find the cheapest coverage for your Toyota is to do your own rate comparisons.
Your Toyota’s trim level will be a contributing factor to the cost of insurance, so the cost to insure a Corolla LE will be $22 cheaper than the price to insure the fancier Corolla XRS trim level, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $182 | $418 | $500 | $30 | $150 | $1,280 | $107 |
| Corolla S | $182 | $418 | $500 | $30 | $150 | $1,280 | $107 |
| Corolla XLE | $182 | $418 | $500 | $30 | $150 | $1,280 | $107 |
| Corolla XRS | $204 | $418 | $500 | $30 | $150 | $1,302 | $109 |
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Price estimates do not factor in garaging location in Los Angeles which can affect prices considerably.
Best car insurance company in Los Angeles
Ending up with a good quality car insurance company can be difficult considering how many companies are available to choose from in California. The ranking data in the next section can help you choose which coverage providers to look at when comparing rate quotes. These ratings are only comprised of large insurance companies, so smaller companies will not be included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Discounts on Los Angeles auto insurance rates
Insurers that offer quotes for a Toyota Corolla may provide price discounts that may potentially lower prices by 35% or more if you are eligible to receive them. A few of the larger companies and their offered discounts are included below.
- GEICO may have discounts that include five-year accident-free, anti-theft, multi-policy, air bags, and defensive driver.
- MetLife has savings for claim-free, defensive driver, good driver, accident-free, good student, multi-policy
- Progressive may include discounts for multi-policy, homeowner, good student, online quote discount, and multi-vehicle.
- Travelers may offer discounts for good student, home ownership, early quote, driver training, hybrid/electric vehicle, and multi-policy.
- SAFECO has discounts for anti-lock brakes, homeowner, safe driver, anti-theft, teen safe driver, and drive less.
- AAA offers premium reductions for pay-in-full, anti-theft, multi-car, AAA membership discount, education and occupation, and multi-policy.
The information below compares insurance prices with and without discounts being applied to the rates. The prices are based on a female driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, multiple policy, passive restraint, accident-free, multiple vehicle, and vehicle safety discounts applied. With discounts applied, the average savings per year on car insurance for a Toyota Corolla is 28% or $624.
Cost difference between full coverage and liability
Saving money on car insurance is probably important to the majority of people, and a great way to reduce the cost of insurance for a Toyota Corolla is to not buy full coverage. The illustration below illustrates the difference between yearly insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no accidents or driving violations, $1,000 deductibles, single status, and no policy discounts are applied.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an additional $2,308 per year more than buying just liability insurance. That touches on the question if full coverage is worth the money. There is no definitive guideline that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
The insurance agencies below can help you make a decision which is the best policy, as some people have coverage questions and would like to have some advice when comparing insurance rates for a Corolla. It’s not always simple to find the best coverage yourself, so insurance agents licensed in the state of California can bring comfort knowing your coverage gives you enough protection.
To find a Los Angeles insurance agency using an interactive map, click the button following the list.
Shomer Insurance Agency
4221 Wilshire Blvd #222 – Los Angeles, CA 90010 – (323) 934-8160
Sean Kim – State Farm Insurance Agent
2727 W Olympic Blvd #102 – Los Angeles, CA 90006 – (213) 480-3377
Lloyd S. Berkett Insurance Agency, Inc.
11150 W Olympic Blvd # 1100 – Los Angeles, CA 90064 – (310) 857-5757
More insurance agents in Los Angeles, CA
How to find the cheapest auto insurance for a Toyota Corolla
Here are some of the better money-saving ideas that can help drivers find cheap coverage.
- Claim-free drivers earn discounts
- Remain accident-free and save
- Raise your deductibles
- Save money by bundling your home and auto policies
- Speeding tickets and other violations increase rates
- Pay lower rates with good credit
- Compare price quotes at least once a year
That last tip is especially vital, as we noted in this piece. Coverage rates in Los Angeles adjust frequently, so drivers shouldn’t hesitate to buy a policy from a new company if a lower price can be found. Staying with the same company for years is fine, but it’s not a great idea if that devotion results in you overpaying a fortune every year. Now is a great time to compare prices and find cheaper auto insurance for a Toyota Corolla.