2011 Toyota Corolla Insurance Quotes

Searching for the cheapest car insurance rates for your Toyota Corolla? Locating the cheapest insurance for a Toyota Corolla can be a painful process, but you can use a few tricks and make it easy.

There is a better way to shop for car insurance so you’re going to learn the best way to price shop coverage for a new or used Toyota and obtain the lowest price from local insurance agents and online providers.

It’s a great practice to shop coverage around before your policy renews because insurance prices change regularly. Even if you think you had the best deal on Corolla insurance last year you may be paying too much now. You can search a lot of car insurance out there, but in just a couple of minutes you can learn some excellent ideas to find affordable car insurance.

Compare quotes for auto insurance

Performing a rate comparison can be a lot of work if you don’t understand the best way to get rate quotes. You can waste hours talking to insurance companies in your area, or you could use online quoting to accomplish the same thing much quicker.

Most of the best insurance companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and each participating company then returns a price quote based on that information. This prevents consumers from doing quotation requests for each company.

To compare pricing click here to open in new window.

The single downside to getting quotes like this is that consumers can’t choose the insurers to get pricing from. So if you want to choose specific insurance companies to receive pricing from, we have a listing of the cheapest auto insurance companies in your area. View list of insurance companies.

It’s up to you which method you use, but be certain you are entering apples-to-apples deductibles and coverage limits for each quote you get. If your comparisons have different data it will be impossible to determine which company has the best rates.

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Big names are not always cheapest

Consumers can’t get away from ads that claim the best auto insurance rates by Geico, State Farm and Progressive. They all seem to say the same thing that you can save just by moving your policy.

How do they all give you a better price? You have to listen carefully.

Companies look for specific characteristics for the type of customer that will add to their bottom line. For example, this type of driver may need to be over the age of 40, carries full coverage, and drives a vehicle with a low ISO rating. A customer getting a price quote who meets those qualifications will get very good auto insurance rates and will probably cut their rates substantially.

Potential customers who are not a match for those criteria may receive higher prices which translates to the customer not buying. The trick companies use is to say “people that switch” not “everyone who quotes” save that much when switching. That’s why companies can truthfully make those statements.

That is why drivers must compare rate quotes every year. Because you cannot predict which company will provide the lowest prices.

You can change your insurance premiums

Smart consumers have a good feel for some of the factors that are used to determine the price you pay for auto insurance. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with big savings.

The itemized list below are some of the most rate-impacting factors used by companies to determine your rates.

  • When should you not file a claims? – If you tend to file frequent claims, you should expect either a policy non-renewal or much higher rates. Companies provide discounts to policyholders who file claims infrequently. Auto insurance is intended for claims that you cannot pay yourself.
  • High deductibles equal low rates – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Toyota. A few examples of covered claims could be collision with another vehicle, damage from fire, and having your car stolen. Physical damage deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The more money the insured has to pay upfront, the less money you will pay for auto insurance on Corolla insurance.
  • Extra policy coverages are wasting money – Policies have add-on coverages that sound like a good idea at the time when buying auto insurance. Add-on coverages like replacement cost coverage, high-cost glass coverage, and extra equipment coverage may be wasting your money. They may seem like a good idea when talking to your agent, but your needs may have changed so remove them and pocket the money.
  • Big cities mean more claims – Having an address in a rural area can save you money when talking about auto insurance. City drivers have to deal with congested traffic and much longer commute distances. Lower population translates into fewer accident claims in addition to lower liability claims
  • Lower rates come with age – More experienced drivers have been proven to be more responsible, are lower risk to insure and tend to be get fewer driving tickets.Drivers with little experience are statistically shown to be careless and easily distracted when behind the wheel so they pay higher auto insurance rates.
  • Driving citations inflate rates – Having just one speeding ticket or other violation can increase rates by as much as twenty percent. Good drivers pay lower auto insurance prices than people who have multiple driving citations. Drivers who have serious citations such as reckless driving, hit and run or driving under the influence may need to prove financial responsibility with the DMV in their state in order to legally drive.
  • Cheaper rates after marriage – Having a spouse may save some money when buying auto insurance. Marriage translates into being more stable financially and insurance companies like that drivers who are married file infrequent claims.

Drivers can save with with these discounts

Some companies do not advertise all possible discounts in an easy-to-find place, so we took the time to find a few of the more common as well as the least known credits that you can use to lower your rates.

  • Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a car insurance quote. You can use this discount normally well after school through age 25.
  • Low Mileage Discounts – Keeping the miles down on your Toyota may enable drivers to earn lower auto insurancerates on the low mileage vehicles.
  • Multiple Cars – Insuring multiple vehicles on a single policy can get a discount for every vehicle.
  • Telematics Data Discounts – Drivers that enable their auto insurance company to monitor when and where they use their vehicle by installing a telematics device such as State Farm’s In-Drive might see lower rates if they show good driving skills.
  • Waiver for an Accident – This isn’t a discount exactly, but a handful of insurance companies will forgive one accident without the usual rate increase if you have no claims prior to the accident.
  • Active Military Service – Having a deployed family member may lower your premium rates slightly.

We need to note that most discounts do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like comp or med pay. So when it seems like you would end up receiving a 100% discount, you won’t be that lucky.

A list of auto insurance companies and some of the discounts are shown below.

  • Farm Bureau includes discounts for renewal discount, driver training, good student, multi-vehicle, and youthful driver.
  • State Farm offers discounts for defensive driving training, driver’s education, passive restraint, Steer Clear safe driver discount, accident-free, and good student.
  • Progressive may include discounts for homeowner, multi-vehicle, multi-policy, online quote discount, continuous coverage, and good student.
  • Allstate may have discounts that include utility vehicle, FullPay discount, auto/life discount, early signing, and resident student.
  • Nationwide has discounts for multi-policy, defensive driving, Farm Bureau membership, business or organization, good student, family plan, and accident-free.
  • MetLife offers premium reductions for claim-free, good driver, multi-policy, defensive driver, and good student.

When quoting, ask each insurance company how you can save money. Some discounts may not be offered in your area. To view insurance companies offering auto insurance discounts, click this link.

Your situation helps dictate your coverage

When choosing the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Every situation is different.

For example, these questions may help highlight if your situation would benefit from professional advice.

  • Where can I get insurance after a DUI in my state?
  • Is a blown tire covered by insurance?
  • Can I make deliveries for my home business?
  • Why is insurance for a teen driver so high?
  • Are split liability limits better than a combined single limit?
  • Should I waive the damage coverage when renting a car?
  • What can I do if my company denied a claim?
  • Can I afford to buy a different vehicle if my 2011 Toyota Corolla is totaled?
  • Are my tools covered if they get stolen from my vehicle?

If it’s difficult to answer those questions then you might want to talk to an agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Specifics of your car insurance policy

Learning about specific coverages of your car insurance policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your Toyota Corolla.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for pain medications, EMT expenses, chiropractic care, funeral costs and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants as well as any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like sideswiping another vehicle, sustaining damage from a pot hole and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive auto coverage – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, vandalism, fire damage and falling objects. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability – This provides protection from damage that occurs to people or other property. This insurance protects YOU against other people’s claims. Liability 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. You might see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers things like legal defense fees, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Don’t throw your cash in the trash

Drivers leave their current company for many reasons like extreme rates for teen drivers, lack of trust in their agent, high rates after DUI convictions and even unfair underwriting practices. Regardless of your reason for switching companies, finding a new insurance company is less work than it seems.

We covered a lot of information how to reduce 2011 Toyota Corolla insurance rates online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from some of the smallest insurance companies.

As you shop your coverage around, it’s very important that you do not buy poor coverage just to save money. Too many times, an accident victim reduced collision coverage only to regret that it was a big mistake. Your strategy should be to purchase plenty of coverage for the lowest cost.

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