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The average cost of auto insurance for a Toyota Corolla is $294 a month or $3,528 a year. With a base price of $19,150, the annual insurance cost–to–base car price ratio is 18%.
Introduced in 1966, the Corolla is Toyota’s entry-level compact sedan. It’s one of the most popular vehicles in North America and is best known for both comfort and safety. Equipped with a number of safety features and great crash test ratings, it may be eligible for auto insurance discounts.
After working out a budget for your monthly car payments and other ownership costs, auto insurance is the last thing you want to think about. With an average cost of $294 per month, coverage can be expensive and frustrating to shop for if you don’t know what to look for. But since auto insurance is mandatory in every province, you’ll need to start shopping if you want to take your Corolla on the road. Here’s what to look for:
Since performance, theft rates, repair costs, safety ratings and other variables can differ between vehicles, your choice of make and model can have a direct impact on the price you pay for auto insurance. This is because insurance providers evaluate your risk of filing claims and the cost of paying them out when calculating your premiums. Here’s how a few of the Corolla’s characteristics could affect your premiums.
You could save money on car insurance for your Toyota Corolla if it comes equipped with these safety features.
The Toyota Corolla has been around since 1982. The midsize car is known for its spacious seating, comfortable ride and high safety scores. From 1997 to 2016, with the exception of the year 2001, the Toyota Corolla has been the top-selling passenger car in the United States.
On top of that, this vehicle was awarded near-perfect ratings in almost all crash test categories from the NHTSA.
The 2021 Toyota Corolla holds an impressive 82/100 star reliability rating from J.D. Power, which is better than most vehicles in its class.
Like most Toyota vehicles, the Corolla is built for commuting, daily driving and other light use. It comes packed with a number of features that make it safe and comfortable to drive, and its reliable design means you can spend less time in the shop and more time on the road. But like any vehicle, routine service appointments can ensure that there are no urgent issues, allowing your vehicle to operate as it should. Here’s what to expect in terms of vehicle maintenance.
The Corolla comes with Toyota’s standard 3-year/60,000 km limited warranty, along with a 5-year/100,000 km powertrain warranty and 5-year corrosion coverage. The standard warranty covers all parts other than normal wear such as oil and air filters, tires and so on. New Toyota vehicles also come with a 3-year or unlimited km coverage of 24/7 roadside assistance.
Toyota offers extended warranty options, so ask your dealer for more information. That said, Toyota vehicles are extremely reliable and have low average repair costs, so you should decide whether the price of an extended warranty is worth the cost.
The Toyota Corolla is a top-rated sedan that is best known for comfort and safety. Like most Toyotas, the Corolla comes with a number of amazing safety and driver assistance features that could reduce the chance of accidents. Compare your options to find the best price on the coverage you need.
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