How Much Does Insurance Cost for a Toyota Corolla in Florida?

How Much Does Insurance Cost for a Toyota Corolla in Florida?

When discussing car insurance, the words “cheap” or “affordable” really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Excuse the oxymoron, but cheap auto insurance for a Toyota Corolla can be hard, if not impossible, to find. Don’t let that bother you, though, because we are going to show you how you can quote car insurance that is affordable.

Your chances of finding cheap insurance for a Toyota Corolla in Florida depends upon a lot of rating criteria such as your marital status, whether or not you are currently insured, and violations on your driving record. Florida drivers pay around $1,110 each year to buy Toyota Corolla insurance, but that cost is a valuation calculated based on a 40-year-old single female driver that has full coverage including both comprehensive and collision and $1,000 deductibles.

That rate won’t apply to everyone, because more than likely you aren’t exactly 40 years old or even a female, maybe you are married instead of single, and you need different coverage limits than the sample rates. Every policy is rated specifically for the driver, so your best shot at finding the cheapest insurance price for your Toyota is to comparison shop your policy at every renewal or at least every couple of years.

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The trim level of your Toyota tends to have a direct impact on the yearly cost, so the price to insure a Corolla LE trim level will cost $24 less than the cost to insure the more well-appointed Corolla XRS trim level, as shown in the chart below.

Toyota Corolla Insurance Rates in Florida
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $192 $454 $542 $32 $162 $1,382 $115
Corolla S $192 $454 $542 $32 $162 $1,382 $115
Corolla XLE $192 $454 $542 $32 $162 $1,382 $115
Corolla XRS $216 $454 $542 $32 $162 $1,406 $117
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in your specific Florida location which can raise or lower premiums substantially.

Florida car insurance companies ranked

Insuring your vehicle with a good quality company is difficult considering how many choices there are in Florida. The ranking information in the lists below could help you decide which insurers you want to consider when looking for cheaper rates.

These rankings are only made up of companies that write coverage in many states, so companies with more of a regional focus are not taken into consideration for these rankings. To compare prices from these and other competitive companies, click this link.

Top 15 Car Insurance Companies in Florida
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

Get discount Florida insurance

Cheaper Florida car insurance for a CorollaCar insurance companies that sell cheap insurance for a Toyota Corolla in Florida may provide premium discounts that could lower prices by as much as 30% if you meet the requirements. The best car insurance companies and some of the discounts are included below.

Auto Insurance Discounts for Popular Insurers
Discount State Farm Progressive Allstate Geico Liberty Mutual Farmers
Bundled policies Yes Yes Yes Yes Yes Yes
Multiple vehicles Yes Yes No Yes Yes Yes
Anti-theft Yes Yes Yes Yes Yes Yes
Safe vehicle Yes No Yes Yes Yes No
Air bags Yes No Yes Yes Yes Yes
Daytime running lights Yes No No Yes No Yes
New vehicle Yes No Yes No No Yes
Eco-friendly vehicle No No Yes No Yes Yes
Accident-free Yes Yes Yes Yes No Yes
Defensive driving course Yes Yes Yes Yes No Yes
Low miles Yes Yes Yes No Yes No
Armed forces Yes Yes No Yes No Yes
Employment No No No Yes Yes Yes
Paid in full No Yes Yes Yes Yes Yes
Paperless billing No Yes Yes Yes Yes Yes
Loyalty Yes Yes No No No Yes
Good grades Yes Yes Yes Yes Yes Yes
Student away from home Yes Yes Yes No Yes Yes
Homeowner No Yes No No No Yes
Seat belt usage No No No Yes No No
Online rate quote No Yes No No No No
Teen driver No Yes No No Yes No
Government employee No No No Yes No No
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The illustration below shows the comparison of car insurance costs with and without policy discounts. The premiums assume a female driver, no claims, a clean driving record, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with accident-free, claim-free, anti-theft, multiple vehicle, defensive driving course, and homeowner discounts applied. When taking advantage of discounts, the average amount saved each year on car insurance for a Toyota Corolla is % or $.

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How to find budget-friendly auto insurance for a Toyota Corolla

Here are some penny-pinching suggestions that can help drivers buy lower-cost auto insurance.

  • Buying car and homeowners insurance together can save money
  • Discounts for being claim-free can be substantial
  • Drivers with good credit ratings often pay less
  • Higher deductibles mean lower rates
  • Avoid speeding and other traffic citations and pay less
  • Avoid preventable accidents
  • Look for cheaper rates once a year by shopping around

The last tip in the list is very vital, as we noted in this article. Car insurance prices can be adjusted at any time, so don’t hesitate to buy from a different company if a better rate can be found.

Brand loyalty is not necessarily bad, but it’s not recommended if that loyalty results in overpaying thousands of dollars over several years. Now is a great time to shop around and find cheaper car insurance for a Toyota Corolla.