Cheaper 2014 Toyota Corolla Insurance Quotes

Looking for cheaper insurance rates for your Toyota Corolla? I can’t think of a single person who gets a kick out of paying for insurance, especially when they are paying too much. Multiple insurers compete for your business, so it’s not easy to compare every provider to find the absolute lowest rate

It’s a good idea to get comparison quotes every six months because prices tend to go up over time. Even if you got the best deal for Corolla insurance on your last policy you can probably find a lower rate today. There are lots of tips to save on insurance online but you can learn some guaranteed methods to find cheap insurance.

If you have insurance now or need new coverage, you can learn to cut your premiums and still get good coverage. Buying car insurance is not that difficult. Drivers only need to know the proper way to shop online.

Save money by getting discounts

Insurance can be prohibitively expensive, but you might already qualify for some discounts that can dramatically reduce your bill. A few discounts will automatically apply at the time of purchase, but a few need to be asked for in order for you to get them.

  • ABS Braking Discount – Cars equipped with ABS or steering control can reduce accidents so you can save 10 percent or more.
  • Government Employees – Active or retired federal employment can save as much as 8% for Corolla insurance depending on your insurance coverage provider.
  • Paperwork-free – Certain larger companies provide a small discount get insurance coverage on the web.
  • Pay Early and Save – If paying your policy premium upfront rather than spreading payments over time you can avoid monthly service charges.
  • Accident-Free Discounts – Insureds with no claims or accidents get the best insurance coverage rates as opposed to accident-prone drivers.
  • Defensive Driver Discount – Passing a defensive driver course can save you 5% or more and easily pay for the cost of the class.
  • Good Drivers – Drivers who don’t get into accidents could pay up to 40% less for Corolla insurance than their less cautious counterparts.
  • Low Miles Discount – Maintaining low annual mileage could be rewarded with lower prices due to less chance of an accident.
  • Discount for New Cars – Adding a new car to your policy is cheaper because new model year vehicles keep occupants safer.
  • Driver’s Education for Students – Cut your cost by having your teen driver take driver’s ed class in school or through a local driver safety program.

You should keep in mind that most credits do not apply to the overall cost of the policy. A few only apply to individual premiums such as liability, collision or medical payments. Despite the appearance that it’s possible to get free car insurance, companies wouldn’t make money that way.

A list of companies and a summarized list of policyholder discounts are shown below.

  • Farmers Insurance may offer discounts for distant student, alternative fuel, business and professional, bundle discounts, and pay in full.
  • Esurance has savings for online quote, emergency road assistance, Switch & Save, defensive driver, DriveSense, and good driver.
  • State Farm discounts include safe vehicle, good driver, accident-free, multiple autos, student away at school, and defensive driving training.
  • Geico may have discounts that include seat belt use, multi-policy, driver training, anti-theft, air bags, federal employee, and good student.
  • Allstate policyholders can earn discounts including good payer, anti-theft, utility vehicle, early signing, resident student, and FullPay discount.

Check with each company which discounts you may be entitled to. Some of the discounts discussed earlier may not apply to policyholders in every state. If you would like to view insurers who offer free insurance coverage quotes, click here.

Your car insurance coverage should be tailored to you

When it comes to buying adequate coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that may help you determine whether you would benefit from an agent’s advice.

  • Will my rates increase for filing one claim?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Should I carry comprehensive and collision coverage?
  • Do I need medical payments coverage since I have good health insurance?
  • Is rental equipment covered for theft or damage?
  • How many claims can I have before being cancelled?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Specific coverage details

Having a good grasp of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages found on most insurance policies.

Auto collision coverage

This will pay to fix damage to your Corolla resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as colliding with a tree, rolling your car, crashing into a ditch and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Toyota Corolla.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like rock chips in glass, hitting a bird and falling objects. The highest amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability insurance

Liability coverage will cover damage or injury you incur to other people or property in an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as medical services, legal defense fees, loss of income and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for pain medications, funeral costs, nursing services and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Compare but don’t skimp

You just learned a lot of techniques to get a better price on 2014 Toyota Corolla insurance. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the lowest priced insurance coverage comes from a small local company. Regional companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

As you quote insurance coverage, make sure you don’t skimp on coverage in order to save money. There have been many cases where an insured dropped collision coverage and found out when filing a claim they didn’t have enough coverage. Your goal is to buy a smart amount of coverage at the best cost, but don’t skip important coverages to save money.

Even more information can be read by following these links: