View 1996 Toyota Corolla Car Insurance Quotes

Buyers have many options when searching for low-cost Toyota Corolla insurance. You can either waste hours driving around to compare prices or utilize the internet to make rate comparisons.

There are more efficient ways to compare car insurance rates so we’re going to tell you the absolute fastest way to compare rates for a new or used Toyota and obtain the cheapest rates from both online companies and local agents.

It’s important to compare rates quite often since prices trend upward over time. Despite the fact that you may have had the best rate on Corolla coverage two years ago you can probably find a lower rate today. Ignore everything you know about car insurance because you’re about to find out the things you must know in order to find better coverage at a better price.

Insurance premium influencing factors

Multiple criteria are used when you get a price on insurance. Some are pretty understandable such as your driving record, but other criteria are more obscure like your continuous coverage or how financially stable you are.

Shown below are a few of the “ingredients” utilized by car insurance companies to help set your rate level.

  • More stress means more cost – Did you know your job can affect your rates? Jobs such as military personnel, architects and financial analysts usually pay higher rates than average attributed to stressful work requirements and lots of time spent at work. Other jobs like scientists, engineers and the unemployed receive lower rates on Corolla coverage.
  • Save money by having high credit – Credit history is a large factor in calculating your premium rate. Therefore, if your credit rating is low, you may save money insuring your 1996 Toyota Corolla by repairing your credit. People that have excellent credit scores tend to file fewer claims than drivers who have bad credit.
  • Low comp and collision deductibles mean high premiums – Comp and collision deductibles represent how much money you are willing to pay if a claim is determined to be covered. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some instances where coverage would apply are rearending another vehicle, animal collisions, and having a roll-over accident. The more expense you pay before a claim is paid (deductible), the lower your rates will be on Corolla coverage.
  • Pay more by driving carelessly – Only having one ticket can boost insurance rates twenty percent or more. Attentive drivers get better prices compared to bad drivers. Drivers with dangerous tickets like reckless driving or DUI may need to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive a vehicle.
  • Only buy coverage you need – There are a ton of add-on coverages that can waste your money on your auto insurance policy. Coverage for things like vanishing deductibles, high-cost glass coverage, and extra equipment coverage are examples of these. The coverages may be enticing when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.

Ways to get insurance coverage quotes

There are a variety of methods to compare insurance coverage quotes, but some are less labor-intensive and much quicker. You can spend your afternoon discussing policy coverages with insurance companies in your area, or you can stay home and use the internet to get the quickest rates.

Many companies participate in an industry program that enables customers to send in one quote, and every company then returns a price quote based on that information. This saves time by eliminating quote requests for each company you want a rate for.

To fill out one form to compare multiple rates now click here to open in new window.

The single downside to doing it this way is buyers cannot specifically choose which insurance companies to get quotes from. So if you want to select from a list of companies to receive pricing from, we have a page of the cheapest insurance coverage companies in your area. View list of insurance companies.

Whichever method you choose, compare nearly identical deductibles and coverage limits on every quote you get. If you use different coverage information it’s impossible to find the best deal for your Toyota Corolla.

But they said I’d save $383 a year!

Consumers constantly see and hear ads that claim the best rates by companies like 21st Century, Allstate and State Farm. They all have a common claim about saving some big amount if you just switch your policy.

Is it even possible that every company can make almost identical claims? This is the way they can do it.

All companies give the best rates for the type of customer that earns them a profit. For instance, a profitable insured might be described as married and over the age of 30, has other policies, and drives less than 5,000 miles a year. A customer getting a price quote that fits those parameters will qualify for the lowest prices and will probably save when switching.

Insureds who are not a match for this ideal profile may be required to pay a higher premium and this can result in business not being written. The wording the ads use say “customers that switch” not “all people who quote” save money. That is how companies can truthfully make it sound like they have such great car insurance rates.

Different companies use different criteria so it’s extremely important to do a rate comparison at every renewal. It’s not possible to predict with any certainty which company will have better rates than you’re paying now.

Discounts can really help lower rates

Car insurance can be pricey, but there may be some discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically at the time of quoting, but less common discounts must be specially asked for prior to getting the savings.

  • No Charge for an Accident – This one is not really a discount per se, but a handful of insurance companies allow you one accident before your rates go up if you are claim-free for a specific time period.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
  • Employee of Federal Government – Federal government employees could qualify for a slight premium decrease on Corolla coverage but check with your company.
  • Driver’s Education for Students – Require your teen driver to complete a driver education course if it’s offered in school.
  • Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you may have a lower total premium amount.
  • Multi-policy Discount – When you have multiple policies with one company you may save at least 10 to 15 percent or more.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance in addition to your auto policy.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks off the medical payments premium.
  • Low Mileage Discounts – Low mileage vehicles may enable drivers to earn better prices on cars that stay parked.
  • Early Switch Discount – Some companies reward drivers for signing up early. Ten percent is about the average savings.

Just know that most of the big mark downs will not be given to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

Large car insurance companies and their offered discounts are included below.

  • American Family policyholders can earn discounts including Steer into Savings, good student, air bags, defensive driver, good driver, and bundled insurance.
  • Nationwide offers discounts for family plan, defensive driving, anti-theft, accident-free, and business or organization.
  • MetLife may offer discounts for claim-free, multi-policy, good driver, accident-free, and good student.
  • 21st Century offers discounts including air bags, defensive driver, teen driver, student driver, theft prevention, and early bird.
  • Farmers Insurance may include discounts for business and professional, early shopping, homeowner, switch companies, and multi-car.
  • Allstate offers premium reductions for defensive driver, senior citizen, multi-policy, utility vehicle, early signing, and premier plus.

Before you buy a policy, ask each company or agent the best way to save money. All car insurance discounts might not be available to policyholders in your state. To see insurance companies that offer the discounts shown above, click here.

Will just any policy work for me?

When it comes to buying coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different.

These are some specific questions might help in determining if your situation might need professional guidance.

  • Is my trailer covered?
  • Am I covered when using my vehicle for business?
  • Is my camper covered by my car insurance policy?
  • What discounts do I qualify for?
  • Is pleasure use cheaper than using my 1996 Toyota Corolla to commute?
  • Do I need more liability coverage?
  • Do I really need UM/UIM coverage?
  • When does my teenage driver need to be added to my policy?
  • Is other people’s property covered if stolen from my vehicle?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and you can get the answers you need.

Coverages available on your policy

Understanding the coverages of insurance can be of help when determining the best coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from getting keyed, a broken windshield, hitting a deer and damage from flooding. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

Collision insurance will pay to fix damage to your Corolla resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as backing into a parked car, rolling your car, hitting a mailbox, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Liability coverage

Liability coverage will cover damage or injury you incur to people or other property by causing an accident. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against claims like bail bonds, court costs, medical expenses and loss of income. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for funeral costs, chiropractic care and surgery. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liablity limits.

In the end, you save

When you buy auto insurance online, it’s very important that you do not buy poor coverage just to save money. In too many instances, someone sacrificed physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage at the best possible price while not skimping on critical coverages.

Consumers switch companies for many reasons like not issuing a premium refund, policy non-renewal, denial of a claim or even delays in paying claims. Regardless of your reason for switching companies, switching companies is not as hard as you think.

You just learned a lot of information how to reduce 1996 Toyota Corolla insurance car insurance rates online. The key thing to remember is the more you quote auto insurance, the higher the chance of saving money. You may even discover the most savings is with a small mutual company.

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