Toyota Corolla hybrid running costs, insurance, warranty & tax
Low CO2 emissions spell good news for company-car drivers, and the Toyota Corolla hybrid should be quite affordable to run overall
| Insurance group | Warranty | Service interval | Annual company-car tax cost (20%/40%) |
|---|---|---|---|
| 15-21 | 5yrs/100,000 miles | 1yr/10,000 miles | From £1,456/£2,911 |
As an efficient hybrid, the Toyota Corolla should be fairly affordable to run, service and insure, and its low CO2 emissions are good news on the company-car tax front. Depending on your annual mileage, it stacks up well next to a conventional petrol or diesel hatchback, but it can't compete with the even lower running costs of plug-in hybrid or pure-electric cars.
Toyota Corolla hybrid insurance group
UK insurance ratings for the latest Corolla run from 15 (for the entry-level 1.8-litre model in Icon trim) to 21 (for the range-topping 2.0-litre in Excel specification).
Warranty
Like all new Toyotas sold in the UK, the Corolla comes with a five-year/100,000-mile manufacturer warranty, which is among the best on the market. Hyundai's five-year warranty has no mileage limit, while Kia pegs proceedings at 100,000 miles – albeit over seven years instead of Toyota's five.
In June 2021, Toyota introduced an extension to its warranty offering, called 'Toyota Relax'. This means you can continue extending your Toyota's warranty cover up to 10 years or 100,000 miles, simply by getting it serviced on time at an official Toyota dealer each year.
Servicing
Toyota provides Service Plan Plus packages, which start from £29 per month for the Corolla. These combine three scheduled services, one MOT and two years of additional roadside assistance, on top of the one year of roadside service every new Toyota gets.
Road tax
Like all hybrids, the Corolla will cost owners £170 a year in VED (road tax) – a £10 annual discount on the £180 rate for a purely petrol or diesel-engined car. Even the most expensive Corolla costs less than £40,000, so it escapes the £390 premium surcharge for more expensive cars.
