How much is auto insurance for a Toyota Corolla?
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UPDATED: Sep 9, 2019
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With a starting MSRP of $15,900, the Toyota Corolla is no longer the most affordable compact car on the road, but it is the best-selling. This may change, though, since the 2009 and 2010 Corolla is one of the vehicles Toyota recalled for issues with its accelerator.
The National Highway Traffic Safety Administration (NHTSA) also investigated possible steering problems on the 2009 and 2010 Corolla models but a recall was not initiated.
It is important to note that these issues have only affected a very small percentage of Toyota Corolla owners and 2011 models are problem-free so far.
Compare auto insurance quotes for the Toyota Corolla by entering your zip code in the box, but first, read on to find out how much typical auto insurance rates are for the Toyota Corolla and the Corolla compares to its competition.
How much is auto insurance for the 2011 Toyota Corolla?
Typical auto insurance rates for the Toyota Corolla are a few hundred dollars higher than what drivers of competing compact cars can expect to pay.
According to Edmunds, the average Toyota Corolla driver will pay about $7,513 for car insurance during the first five years the vehicle is on the road. That is equivalent to about $1,500 per year and it breaks down to a monthly payment of around $125.
By way of comparison, Ford Fiesta owners can expect to pay about $7,212 over five years, according to Edmunds’ data.
If you drive a Hyundai Elantra expect the cost of auto insurance over 5 years to be closer to $7,084. Edmunds suggests that the Honda Fit is one of the least expensive compact cars to insure with an estimated auto insurance bill of just $6,494 over five years.
Toyota Corolla Repair and Maintenance
The Toyota Corolla is more expensive than some of its competitors to insure but how does it stack up when it comes to repairs and scheduled maintenance?
It turns out that with an estimated maintenance bill of $3,430 over the first five years the 2011 Corolla is on the road, it also has a higher ownership cost than some other compact cars.
While it’s cheaper to maintain than the Hyundai Elantra, which will cost owners about $3,743 over five years, its maintenance costs are higher than those for the Honda Fit and the Ford Fiesta.
Edmunds predicts that Fit owners will pay about $3,220 in maintenance costs over five years and Fiesta owners will pay just $2,651.
As with auto insurance premiums and scheduled maintenance costs, the Toyota Corolla’s ownership costs are on the higher side. Edmunds estimates that 5-year repair bills for the both the Toyota Corolla and the Honda Fit will be about $730 and that the first repair will be necessary during these vehicles’ third year on the road.
Edmunds expects that repairs for the Ford Fiesta will cost just $674 and will begin in the third year of ownership as well. For the Hyundai Elantra, repairs are expected to cost just $636 and will probably not be necessary until the fifth year of ownership.
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Toyota Corolla Fuel Costs
The Toyota Corolla gets an EPA-rated 28 city mpg and 35 highway mpg, which ranks it 6th among gasoline-powered compact cars. The Ford Fiesta gets two more highway miles per gallon than the 2011 Corolla but its city mileage is the same.
The Hyundai Elantra is one of the most fuel-efficient compact cars on the road. It gets one more mile per gallon than the Corolla in city driving, and five more miles per gallon on the highway.
For drivers who are willing to pay a bit more up front in order to get better fuel economy consider the two hybrids in this class, the Honda Insight and the Honda CR-Z. The Insight gets over 40 mpg in both city and highway driving, and the CR-Z gets over 30 mpg overall.
Toyota Corolla Safety Features and Ratings
The Toyota Corolla was one of the Insurance Institute for Highway Safety’s “Top Safety Picks” for both 2010 and 2011. In order to earn this designation, a vehicle must be equipped with standard electronic stability control, which helps to prevent skids in adverse driving conditions.
It must also earn the top score of “Good” on all four of the institute’s crash tests, including frontal offset, whiplash protection, side-impact, and roof strength.
In addition to electronic stability control, the 2011 Corolla is also equipped with an emergency engine immobilizer and a tire pressure monitoring system that alerts the driver if pressure becomes dangerously low.
The Toyota Corolla has the following standard safety features as well:
- Anti-lock brakes
- Traction control
- Electronic brake force distribution
- Active head restraints
Reviews for the 2011 Toyota Corolla
U.S. News and World Report currently ranks the Corolla just 21st out of the 33 compact cars on the market. U.S. News explains that while the Corolla is a perfectly “adequate” car, Toyota’s competitors are stepping up their game and there are many other vehicles that offer more for a comparable price.
For example, the redesigned Ford Fiesta offers a nicer interior for a lower base price and the Mazda3 provides a sportier appearance and more athletic performance for only a few hundred dollars extra.
Standard gadgets on the 2011 Corolla include an auxiliary audio input jack for smartphones and MP3 players, as well as a tilt/telescopic steering wheel and satellite radio connectivity. Optional upgrades like a navigation system, moon roof, and 6-disc CD changer are available on some trims.
On the downside, the Corolla’s 12.3 cubic feet of cargo space is merely average for the compact car class and Consumer Guide notes that the rear seat is a bit tight for adults.
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