Is a Toyota Corolla expensive to insure?Asked by: Chelsea DuBuque | Last update: November 18, 2022
Score: 4.5/5 (4 votes)
Why is a Toyota Corolla so expensive to insure?
Theft ranking is most likely the other main contributor to this high cost. The number of cars that are stolen each year, and the subsequent claims for them, are what matters most to carriers. The Corolla is a popular car. It has ranked on Forbes' list, America's Most Stolen Vehicles, since 2008.
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.
What is the cheapest Toyota to insure?
Toyota insurance rates: by model. Of the Toyotas we surveyed that are currently in production, the vehicle with the cheapest insurance rate, the Toyota Rav4, costs $1,903 per year to insure — which is 30% cheaper than the $2,726 annual premium for the Toyota 86, the most expensive model.
Are Toyotas more expensive to repair?
Toyotas offer great bang for their buck, as the average Toyota costs just $441 per year on average in maintenance costs. That is significantly lower than the $652 in yearly maintenance costs for most cars.
How Much Does It Cost To Own a 2020 Toyota Corolla Monthly!
Is it cheaper to insure a Honda or Toyota?
According to our data, insurance premiums on Toyotas are a little cheaper than Hondas. The average annual premium for a Toyota is $2,616, while for Hondas it is $2,800.
Is Toyota cheap on insurance?
Insuring a Toyota costs an average of $1,226 annually. This premium is lower than average compared to other makes and models. MoneyGeek broke down auto insurance costs for major Toyota models by model year and driver age to help drivers find the best option for them.
How much is maintenance on a Toyota Corolla?
Overall - the Toyota Corolla has yearly car maintenance costs total to $362 .
Is a Toyota Camry expensive to insure?
How Expensive Is It to Insure a Toyota Camry Compared to Other Cars? The cost to insure a Toyota Camry is inexpensive compared to the average car model. Typically, Toyota Camry owners pay around $1,276 per year. That is slightly lower than the average cost of insurance across all car models, which is $1,427 annually.
Is a Toyota RAV4 expensive to insure?
Insuring a Toyota RAV4, regardless of its model year, is inexpensive compared to most other makes and models. It costs an average of $1,181 per year to insure a Toyota RAV4, which is $247 less per year than the national average.
Are Prius expensive to insure?
MoneyGeek found that, on average, insurance rates for a Toyota Prius cost $1,237 per year. This is lower than the average car model, making it inexpensive to insure. Premiums can vary depending on several factors, such as your chosen car insurance company and the model year of your car.
How much is insurance on a 2021 Camry?
The 2021 Camry's insurance cost is $1,498 a year or $124.83 a month. This number assumes that you're between 30 and 40-years-old and have a clean driving record. Also, keep in mind that your rates could vary, depending on your zip code, credit score, and other factors.
Is a Ford Focus expensive to insure?
The average annual cost of insurance for a Ford Focus is $1,253, which is less than the average for all car models by $174. Insurance rates for a Ford Focus differ by approximately $693 depending on the insurance company you choose.
Is insurance cheaper on a car or SUV?
On average, SUVs are $314 annually cheaper to insure compared to sedans. Typically, larger vehicles, including trucks and SUVs, are more expensive to insure. However, small crossover SUVs have some of the cheapest rates, even when compared to compact vehicles.
How much does it cost to insure a GR86?
Toyota GR86 insurance costs an average of $1,776 per year for a full coverage policy, depending on policy limits. The cheapest GR86 insurance is on the base Coupe at around $1,760 per year, with the Premium Coupe costing $1,794 annually.
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.
Are newer cars cheaper to insure?
Is it cheaper to insure a new or old car? Unfortunately, there's no clear answer to this. The cost of your premium will depend partly on your car - generally the newer the car, the better its safety and security.
What makes car insurance more expensive?
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.
What is the cheapest car to own and maintain?
The trusty Toyota Corolla is the most affordable vehicle on the road in terms of annual maintenance costs, multiple experts said. A Corolla will cost its owner about $350 in annual maintenance costs, though the rate will rise over time.
Which car is better Toyota or Honda?
With the categories we looked at, it turns out that Toyota is the superior brand, having more vehicles, better prices, and superior reliability. However, when it comes to choosing between Honda or Toyota, Honda is no slouch either, having similar reliability ratings, affordable prices, and even better safety ratings.