Price and MPG

• While the Cobalt and Corolla run in a similar price range, between $14,000 and $20,000, the Cobalt offers more options and features at a lower cost. As for fuel economy, depending on the engine type, the Cobalt's mpg ranges from 29 to 31, while the Corolla ranges from 28 to 31 mpg.
  
  Insurance ratings and costs are roughly the same for both cars; however the Cobalt has lower-cost parts for replacements and repairs, more dealership presence in the US, and a more extensive warranty, making the Cobalt the less expensive option in the long term.
  
  

Warranty

• Chevy Cobalt - Photo by Marla Klotz for Jim Ellis Chevrolet
  
  The Cobalt's warranty lasts 40,000 miles longer than the Corolla. The Cobalt comes with free roadside assistance for five years or up to 100,000 miles, while this service is not available for the Corolla.
  
  

Safety Features and Ratings

• Chevy Cobalt Engine - Photo by M. Klotz
  
  Both the Cobalt and the Corolla have standard airbags, front-wheel drive, and available four-wheel anti-lock brakes and traction control. The NHTSA rates both with four stars for driver safety, while the Cobalt edges out the Corolla with five stars for passenger safety in 35 mph front crash tests.
  
  

Engine

• 2009 Toyota Corolla - Photo by M. Klotz for Jim Ellis Hyundai
  
  The Cobalt offers more power, with the 2.2 liter four cylinder engine producing more horsepower and 22 lbs. per foot more torque than the Corolla's standard 1.8 liter four cylinder engine.
  
  

GPS

• Chevy Cobalt Trunk - Photo by M. Klotz
  
  The standard Cobalt comes with OnStar for driving directions, remote unlock, stolen vehicle tracking and live emergency assistance. The Corolla does not offer a GPS response system, only a navigation computer with no live response for emergencies.
  
  

Additional Options and Features

• The Chevy Cobalt is available in both sedan and coupe body styles, while the Toyota Corolla is only available as a four door sedan. The Cobalt also comes with other luxury options not available in the Corolla, including front seat warmers and remote start.