Cheaper 2017 Toyota Corolla Insurance Rates

Looking for cheaper car insurance rates for your Toyota Corolla? If you are new to getting car insurance quotes online, you can easily be overwhelmed thanks to all the different types of car insurance companies all claiming to save you money.

Smart consumers take time to price shop coverage yearly because insurance prices tend to go up over time. If you had the best price for Corolla coverage a few years ago other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the fastest and easiest way to get good coverage at a lower rate.

If you have car insurance now, you should be able to lower your premiums substantially using these methods. Locating cheaper car insurance coverage is easy if you know what you’re doing. Nevertheless, consumers must learn the way insurance companies market on the web because it can help you find the best coverage.

These discounts can lower your auto insurance rates

Some insurers don’t always list every possible discount very well, so the following list contains both well-publicized as well as the least known credits that you can use to lower your rates. If you check and find you aren’t receiving every discount possible, you could be getting lower rates.

  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts can save up to 15% off PIP or medical payments premium.
  • Government Employees – Simply working for the federal government could provide a small rate reduction for Corolla coverage with select insurance companies.
  • Safe Drivers – Insureds who avoid accidents could pay up to 40% less for Corolla coverage than drivers with accidents.
  • Homeowners Discount – Owning a house may earn you a small savings since owning and maintaining a home demonstrates responsibility.
  • No Claim Discounts – Good drivers with no accidents have much lower rates when compared with insureds who have frequent claims or accidents.
  • Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class as it can save substantially.
  • One Accident Forgiven – This isn’t a discount exactly, but certain companies may permit one accident without the usual rate increase if your claims history is clear for a particular time prior to the accident.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20 to 30 percent.

You can save money using discounts, but most discounts do not apply to the entire cost. Most only cut the price of certain insurance coverages like comprehensive or collision. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.

A list of auto insurance companies and their offered discounts include:

  • Geico offers premium reductions for air bags, anti-lock brakes, federal employee, daytime running lights, and seat belt use.
  • MetLife policyholders can earn discounts including good driver, claim-free, good student, accident-free, multi-policy, defensive driver
  • Progressive may include discounts for online signing, multi-policy, good student, multi-vehicle, online quote discount, and homeowner.
  • Travelers includes discounts for IntelliDrive, save driver, good student, payment discounts, home ownership, multi-car, and early quote.
  • SAFECO discounts include teen safe driver, drive less, anti-theft, homeowner, safe driver, and multi-car.
  • AAA offers discounts including good driver, education and occupation, anti-theft, good student, AAA membership discount, pay-in-full, and multi-car.

If you want cheaper car insurance quotes, ask each insurance company to give you their best rates. Depending on the company, some discounts may not apply to policies in every state. To locate providers that provide some of the discounts listed above, click this link.

Cheapest auto insurance rate quotes

When looking for low cost car insurance quotes, there are a couple ways to obtain and compare prices from many different insurance companies. The easiest way to compare rates is to jump online and get quotes. This is quite simple and can be completed in a couple minutes as outlined below.

One of the best ways to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This form prevents you from having to do multiple quote forms for each company you want a rate for. One form submission will get you price quotes direct from many companies. It’s definitely the quickest method.

A more time consuming way to shop for auto insurance online requires you to visit the website of each company and request a quote. For instance, we’ll pretend you want to compare Allstate, Esurance and Progressive. To get each rate you have to spend time going to each site individually and enter your policy data, which can get rather old. For a list of links to companies insuring cars in your area, click here.

Even if you have time, the least recommended method to comparison shop rate quotes is to spend your day driving to all the different insurance agencies. Comparing rate quotes online eliminates this option unless you have a need for the professional guidance that only a licensed agent can provide. If you prefer, some companies allow you to price shop online and get advice from an agent in your area.

Take whichever approach you prefer, but make sure you use the same coverages on every quote. If you enter differing limits it’s impossible to determine the lowest rate for your Toyota Corolla. Even a minor difference in limits can mean a large discrepancy in price. Just keep in mind that making a lot of price comparisons increases your odds of finding the best rates. Some regional insurers cannot provide online price quotes, so it’s important to also get price estimates on coverage from those companies, too.

Why informed drivers pay less for Toyota Corolla insurance

Many different elements are part of the calculation when quoting car insurance. Some are pretty understandable such as traffic violations, although some other factors are less obvious such as whether you are married or your commute time.

  • Theft deterrents lowers rates – Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft and help lower rates.
  • Insurance rates in urban areas – Residing in a rural area may provide you with better prices if you are looking for the lowest rates. Fewer drivers corresponds to lower accident rates and a lower car theft rate. People who live in big cities regularly have more road rage incidents and more severe claims. More time behind the wheel means more chance of being in an accident.
  • Liability coverage is cheap – The liability coverage on your policy kicks in in the event that a jury decides you are liable for causing damage or personal injury in an accident. Your liability coverage provides legal defense coverage which can cost a lot. It is affordable coverage compared to comp and collision, so drivers should carry high limits.
  • Occupation impacts premiums – Occupations such as military generals, architects and dentists generally pay higher average rates due to intense work situations and long work hours. Conversely, occupations such as farmers, historians and the unemployed have the lowest average rates for Corolla coverage.
  • Single drivers take more risk – Being married actually saves money on insurance coverage. Marriage generally demonstrates drivers are more responsible and it’s statistically proven that being married results in fewer claims.
  • Teen drivers are expensive to insure – Mature drivers are proven to be safer behind the wheel, tend to file fewer claims and receive fewer citations.Youthful drivers are statistically proven to be inattentive and easily distracted in a vehicle and because of this, their insurance coverage rates are much higher.

Different people need different car insurance coverages

When buying coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

These are some specific questions may help you determine if you would benefit from an agent’s advice.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my 2017 Toyota Corolla covered for flood damage?
  • What are the best liability limits?
  • What should my uninsured motorist coverage limits be in my state?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I have coverage if my license is suspended?
  • Who is covered when they drive my 2017 Toyota Corolla?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is there coverage for injuries to my pets?

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, complete this form.

Can switching companies really save?

Insurance companies such as Geico, State Farm and Progressive consistently run ads on television and other media. They all say the same thing about savings if you just switch your insurance policy to them. How do they all cost less than your current company?

Companies have a preferred profile for the type of driver that earns them the most money. For instance, a profitable risk profile could possibly be between the ages of 30 and 50, owns a home, and drives newer vehicles. Anyone that hits that “sweet spot” is entitled to the best price and will most likely save when they switch companies.

Potential customers who don’t measure up to these standards will get higher premiums and the driver buying from a lower-cost company. Company advertisements say “people that switch” but not “everyone who gets a quote” save that much money. That is how companies can make claims like that.

Because of these techniques, it’s extremely important to get car insurance quotes from several different companies. It’s just too difficult to predict which company will have better premium rates than you’re paying now.

The coverage is in the details

Learning about specific coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Auto collision coverage

Collision coverage will pay to fix damage to your Corolla resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as damaging your car on a curb, crashing into a ditch, driving through your garage door, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Liability auto insurance

Liability insurance will cover damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things like repair bills for other people’s vehicles, court costs and emergency aid. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible.

Comprehensive coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like rock chips in glass, falling objects, a broken windshield, hitting a bird and hail damage. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like hospital visits, prosthetic devices, funeral costs, nursing services and X-ray expenses. They are often used in conjunction with a health insurance plan or if you do not have health coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Save your hard earned cash

When getting car insurance quotes online, it’s not a good idea to buy poor coverage just to save money. In many cases, consumers will sacrifice physical damage coverage and learned later that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at a price you can afford, but don’t skip important coverages to save money.

Drivers change insurance companies for a number of reasons such as an unsatisfactory settlement offer, extreme rates for teen drivers, questionable increases in premium or unfair underwriting practices. No matter why you want to switch, switching companies is not as hard as you think.

We’ve covered many ideas to lower your 2017 Toyota Corolla insurance prices. The most important thing to understand is the more price quotes you have, the higher your chance of finding the cheapest car insurance. Consumers may even find the lowest priced car insurance comes from a small mutual company.

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