The Toyota Corolla is one of the popular entry-level vehicles offered by this Japanese manufacturer. It has been available to buy since the late 1960s and has always sold relatively well. This guide will teach you all you need to know about insuring this vehicle.
What insurance group does the Toyota Corolla fall under?
All cars are assigned an insurance group before being made available to buy. These groups range from 1 (cheapest to insure) to 50 (most expensive) and they help insurers calculate a suitable insurance price. Toyota Corolla models range from insurance group 15 to 21, meaning the car insurance will be on the cheap side compared to the average vehicle.
The costs will vary depending on your choice of Toyota Corolla and what group it is assigned to. As an example, a 30-year-old driver in an average postcode could pay around £674 for cover on a Toyota Corolla Icon Hybrid 1.8 VVT-i auto 5d that is in insurance group 15 or around £722 for a Toyota Corolla Excel Hybrid 2.0 VVT-i auto 5d that is in insurance group 21.
Model / Version | Group (1-50) | Age 20yrs | Age 30yrs | Age 40yrs | Age 50yrs | Link |
---|---|---|---|---|---|---|
Icon Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Icon 1.2 VVT-i 5d | 17 | £2,199 | £659 | £653 | £579 | Get Quote |
Icon 2.0 VVT-i Hybrid 184hp auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Icon Tech Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Icon Tech 1.2 VVT-i 5d | 17 | £2,199 | £659 | £653 | £579 | Get Quote |
Icon Tech 2.0 VVT-i Hybrid 184hp auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Design (Skyview Panoramic Roof) Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Design Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Design (Skyview Panoramic Roof) 1.2 VVT-i 5d | 17 | £2,199 | £659 | £653 | £579 | Get Quote |
Design 1.2 VVT-i 5d | 17 | £2,199 | £659 | £653 | £579 | Get Quote |
Design (Skyview Panoramic Roof) Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Design Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
GR Sport (Bi-tone) 1.8 VVT-i Hybrid 122hp auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
GR Sport 1.8 VVT-i Hybrid 122hp auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
GR Sport (Bi-tone) 2.0 VVT-i Hybrid 184hp auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
GR Sport 2.0 VVT-i Hybrid 184hp auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Excel (Bi-tone) Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Excel (Skyview Panoramic Roof) Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Excel Hybrid 1.8 VVT-i auto 5d | 15 | £1,787 | £674 | £655 | £592 | Get Quote |
Excel (Bi-tone & JBL Premium sound system) Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Excel (Bi-tone) Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Excel (JBL Premium sound system & Skyview Panoramic Roof) Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Excel (JBL Premium sound system) Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Excel (Skyview Panoramic Roof) Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Excel Hybrid 2.0 VVT-i auto 5d | 21 | £2,825 | £722 | £695 | £676 | Get Quote |
Toyota Corolla insurance cost by location
Your home address plays a significant role in the size of the insurance premium offered to you. To highlight this fact, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Toyota Corolla GR Sport 2.0 VVT-i Hybrid 184hp auto 5d.
- Expensive: £1,170 (London SE1)
- Average: £722 (Newcastle NE1)
- Cheap: £763.76 (Galashiels TD1)
Which factors affect my Toyota Corolla insurance rate?
Here are some more of the key factors that impact your insurance premium costs:
- Engine type and capacity. Vehicles with larger engines usually cost more to insure. That’s because these vehicles usually cost more to repair or replace. For example, it may cost £1,122 for insurance for a Toyota Corolla Icon 1.2 VVT-i 5d, or you could pay £1,170 for a Toyota Corolla Icon 2.0 VVT-i Hybrid 184hp auto 5d.
- Driver location. If you live in an area where motorists are more likely to make a claim, your premiums will be higher. For example, a 30-year-old in central London may pay £1,122 for insurance for a Toyota Corolla Design 1.2 VVT-i 5d, while the same 30-year-old in Newcastle may only pay £659. This difference stems from the fact that Londoners are more likely to claim on car insurance.
- Driver age. The youngest drivers are most likely to make a claim on their car insurance, and that’s why they are charged far more. As an example, the average 20-year-old driver in London may pay £4,635 for the Toyota Corolla Icon Hybrid 1.8 VVT-i auto 5d, while the average 40-year-old Londoner will only pay £1,203. As you can see, the 20-year-old pays almost double in this scenario and this could be the case for many other vehicles too.
Other factors that influence the cost of your insurance include:
- Your marital status
- Your credit history and job
- Your car’s safety rating score
- The model of your car
- The age of your car
- Your car’s security and any extra anti-theft precautions
- Annual miles driven
- Your car usage
- No claim discount
How can I save on my Toyota Corolla premium?
Whilst car insurance is a necessary legal requirement, you don’t want it leaving you with an empty bank account. When searching for insurance, you’ll want to find the best deal for a price that’s within your budget. There are some tricks you can try to help lower the cost of your premium, and we’ve listed them below.
- Limit your annual mileage (if you can). If you are able to walk or get public transport for some journeys, rather than using your car, you can reduce your annual mileage and lower your premium.
- Pay annually rather than monthly. Whilst it might be scary to part with a large sum of money in one go, paying annually for your car insurance will stop you from having to pay interest on repayments.
- Install extra safety precautions. The safer your car is, the less of a risk it will be for companies to insure. By adding these safety measures, you’ll often be likely to lower your premium.
- Don’t just accept your renewal quote. Don’t just accept the renewal quote offered by your existing insurer. There may be cheaper options out there.
Bottom line
Considering its status by as an entry-level vehicle, you’ll pay a lot to insure a Toyota Corolla. Still, you’ll be able to reduce your premiums by following the tips in this guide.
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