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. This rate is only slightly greater — it is 2% more per year — than the cost of identical coverage for a Toyota Camry.
People ask also, 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.
Considering this, is Toyota or Honda cheaper to insure? For the latest model year, the Toyota Corolla is cheaper to insure than the Honda Civic by an average of $104 per year. Average car insurance cost per month for the Honda Civic is 7.3% more expensive than the Toyota Corolla, at $118 versus $110, a difference of $8.
You asked, what cars are more expensive to insure?
- Maserati Quattroporte: $5024 a year.
- Audi R8: $4568 a year.
- BMW i8: $4372 a year.
- Mercedes-AMG GT: $4130 a year.
- Nissan GT-R: $4064 a year.
- Maserati Ghibli: $4018 a year.
- Mercedes-Benz S-Class: $3742 a year.
- Porsche 911: $3734 a year.
Moreover, why is my car insurance so high? Common causes of overly expensive insurance rates include your age, driving record, credit history, coverage options, what car you drive and where you live. Anything that insurers can link to an increased likelihood that you will be in an accident and file a claim will result in higher car insurance premiums.
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How much is insurance for a Toyota Celica?
The average monthly payment to insure the Toyota Celica is $48 a month for standard coverage and $25 a month for minimum coverage.
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.
Why is Prius insurance so high?
The main reason why insurance companies charge you more to insure a hybrid is that they are worth more. Buyers still pay a high premium for buying the latest hybrid technology. If your car gets stolen or totaled, your insurance will have to cover a higher cost.
Do older cars have cheaper insurance?
Are older cars cheaper to insure? Yes, most older cars are cheaper to insure, especially in terms of comprehensive and collision insurance. Cars lose value as they age, so the potential insurance payouts after an accident drop as well.
What is the cheapest car to own and maintain?
- 18 Cheap – Chevrolet Spark.
- 17 Cheap – Volkswagen Jetta.
- 16 Cheap – Toyota Corolla.
- 15 Cheap – Honda Accord.
- 14 Cheap – Kia Soul.
- 13 Cheap – Hyundai Sonata.
- 12 Cheap – Ford Edge.
- 11 Cheap – Toyota Camry.
Why is it cheaper to insure a newer car?
The cost of your premium will depend partly on your car and, generally, the newer the car, the better its safety and security. But equally it may cost an insurance provider more to replace a new car than an old one, so this will be a factor, too. Car insurance is tailored to you, your car and where you live.
Does it cost more to insure a luxury car?
If you are insuring a luxury car, expect to pay more for insurance than you would for a standard car. Since luxury cars are generally more expensive than standard vehicles, insurance costs are also higher.
Is it cheaper to pay insurance every 6 months?
Whether you choose a 6-month or 12-month car insurance policy, it’s always better to pay in full. When you make monthly payments, you’ll probably be charged slightly more on your premiums and may also be subject to additional payment processing fees if you pay electronically.
Does your car insurance go down after car is paid off?
Car insurance premiums don’t automatically go down when you pay off your car, but you can probably lower your premium by dropping coverage that’s no longer required.
How do I get the best car insurance rates?
- Buy the best car for your needs.
- Invest in the right level of cover.
- Choose your extras.
- Set your excess.
- Drive less – restrict your kilometres.
- Install security devices.