Compare 1996 Toyota Corolla Insurance Cost

Having to pay for expensive Toyota Corolla insurance can eat up your accounts and force you to make sacrifices. Doing a rate comparison is free, only takes a few minutes, and is a good way to lower your monthly bill.

Vehicle owners have so many insurers to pick from, and although it’s nice to have multiple companies, it makes it harder to locate the cheapest rates.

It’s important to take a look at other company’s rates on a regular basis because insurance prices change frequently. Just because you had the best deal for Corolla coverage at your last renewal other companies may now be cheaper. Forget all the misinformation about car insurance because you’re going to learn the best way to properly buy coverages and cut your premium.

The purpose of this post is to let you in on the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these techniques. Consumers only need to know the most effective way to compare company rates over the internet.

How to find cheap insurance coverage

Finding a better price on insurance coverage is surprisingly easy. All you need to do is spend a little time to compare free insurance coverage quotes to find the company with the cheapest insurance coverage quotes. You can get a good selection of rate quotes in just a few minutes using one of these methods.

1. Hands down the most simple method to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This easy form keeps you from doing separate quotation requests for each price estimate. Completing one form will get you rate comparisons instantly.
2. A different way to find lower rates is to manually visit each company website and fill out a new quote form. For example, let’s assume you want rates from Allstate, State Farm and Progressive. You would be required to spend time on each company’s site to enter the same coverage data repeatedly, which can get rather old. To view a list of companies in your area, click here.
3. The least efficient way to compare rates is driving around to each insurance agency near you. Quoting online has made agencies unnecessary unless you prefer the trained advice that only a licensed agent can provide. However, consumers can price shop your coverage online and still use a local agent.

It’s up to you how you get prices quotes, just make sure you use exactly the same deductibles and coverage limits on every quote. If the quotes have unequal deductibles or liability limits then you won’t be able to make an equal comparison.

Get affordable insurance with discounts

Not many people think insurance is cheap, but there are discounts available that can drop the cost substantially. Many discounts should be triggered when you purchase, but lesser-known reductions have to be specially asked for prior to getting the savings.

• Senior Citizens – Older drivers are able to get better insurance rates for Corolla coverage.
• Seat Belts Save – Forcing all vehicle occupants to wear their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
• Defensive Driver Discounts – Participating in a course that instructs on driving safety could cut 5% off your bill depending on where you live.
• Telematics Discount – Policyholders that allow their company to study driving manner through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates as long as the data is positive.
• Savings for New Vehicles – Buying a new car instead of a used car is cheaper because newer models have to meet stringent safety requirements.
• Club Memberships – Having an affiliation with a professional or civic organization is a good way to get lower rates on insurance.

You can save money using discounts, but most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think it’s possible to get free car insurance, you aren’t that lucky.

To find insurance companies that offer multiple discounts, follow this link.

Tailor your insurance coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. For example, these questions can aid in determining whether your personal situation could use an agent’s help.

• Is rental equipment covered for theft or damage?
• Will I be non-renewed for getting a DUI or other conviction?
• What is UM/UIM insurance?
• Am I covered if I crash into my own garage door?
• Should I drop comprehensive coverage on older vehicles?
• When can I cancel my policy?
• When do I need to add a new car to my policy?
• What is medical payments coverage?
• Am I covered when driving in Canada or Mexico?
• Does my medical payments coverage pay my health insurance deductible?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

How your Corolla insurance costs are determined

One of the most helpful ways to save on insurance coverage is to to have a grasp of some of the elements that help determine your premiums. If you know what determines premiums, this empowers consumers to make smart changes that will entitle you to big savings. Lots of factors are part of the equation when pricing auto insurance. Some factors are common sense like your driving record, although others are not quite as obvious such as your credit history or your financial responsibility.

The itemized list below are some of the items companies use to determine your rates.

• Insurance coverage rates and your job – Careers such as military generals, business owners and medical professionals usually pay higher premiums than the average policyholder due to high stress levels and long work hours. Conversely, occupations like professors, athletes and homemakers receive lower rates for Corolla coverage.
• Less chance of injury means lower premiums – Vehicles with good safety scores cost less to insure. Highly rated vehicles have better occupant injury protection and reduced instances of injuries translates directly to fewer claims which can mean better rates for you. If your Toyota Corolla scored better than four stars on Safercar.gov you may be receiving a better rate.
• How credit rating affects insurance coverage prices – A driver’s credit score will be a significant factor in calculating your insurance coverage rates. Therefore, if your credit score could use some work, you could be paying less to insure your 1996 Toyota Corolla by improving your rating. Insureds that have high credit scores tend to be less risk to insure as compared to drivers with worse credit.
• Where you call home – Being located in less populated areas of the country can save you money when shopping for auto insurance. Fewer people corresponds to lower accident rates and lower theft and vandalism rates. Urban drivers regularly have more traffic problems and longer commutes to work. Longer commute distances means higher likelihood of an accident.
• Traffic violations will cost you – Only having one driving citation can increase rates substantially. Good drivers get better prices than their less careful counterparts. Drivers who have received dangerous violations such as reckless driving or DUI might be required by their state to submit a SR-22 form with their state’s department of motor vehicles in order to prevent a license revocation.
• Too many insurance claims drive up insurance coverage rates – If you’re an insured who likes to file claims you should expect either a policy non-renewal or much higher rates. Auto insurance companies give lower rates to people who do not file claims often. Your insurance policy is intended for claims that pose a financial burden.
• Guys pay more for insurance – Statistics have proven that women are safer drivers than men. This data doesn’t prove that men are worse drivers. Both sexes get in accidents at about the same rate, but guys tend to have more serious accidents. Men also statistically get ticketed for serious violations like DWI (DUI) or reckless driving. Teenage male drivers cause the most accidents and are penalized with high insurance coverage rates.

The auto insurance bait and switch

Consumers can’t ignore all the ads that claim the best prices from companies such as Allstate, Geico and Progressive. They all seem to advertise the message that drivers will save a bundle if you change your policy.

But how can every company save you money? Here is the trick they use.

Different companies quote their best rates for the type of driver that is profitable for them. For instance, a desirable insured may need to be over the age of 50, has no driving citations, and insures a new vehicle. A driver that matches those criteria will get the preferred car insurance rates and most likely will cut their rates substantially.

Insureds who fall short of these stringent criteria will be charged a higher rate and this can result in the customer not buying. If you pay close attention to the ads, they say “customers that switch” not “everyone who quotes” save that much. That’s the way insurance companies can confidently advertise the way they do.

That is why you really need to get price quotes at each policy renewal. It is just not possible to predict the company that will provide the lowest car insurance rates.

Insurance coverages and their meanings

Knowing the specifics of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most insurance policies.

Collision coverage protection

This will pay to fix damage to your Corolla from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like damaging your car on a curb, colliding with another moving vehicle, backing into a parked car, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses for things like hospital visits, rehabilitation expenses, dental work, X-ray expenses and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability insurance

This protects you from injuries or damage you cause to other people or property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like bail bonds, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your 1996 Toyota Corolla.

Since a lot of drivers have only the minimum liability required by law, 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. Frequently these limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like rock chips in glass, falling objects, hitting a bird, vandalism and hail damage. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

In the end, you save

In this article, we covered many ways to reduce 1996 Toyota Corolla insurance rates online. It’s most important to understand that the more quotes you get, the better likelihood of getting cheaper insurance coverage. You may even discover the lowest rates come from a small local company. These smaller insurers may have significantly lower car insurance rates on certain market segments than their larger competitors like Geico and State Farm.

As you quote insurance coverage, don’t be tempted to buy less coverage just to save a little money. In too many instances, someone sacrificed uninsured motorist or liability limits only to discover later they didn’t purchase enough coverage. The aim is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.

More information is located at these links:

• Car Insurance: When not to Skimp (BankRate.com)
• Who Has the Cheapest Car Insurance Rates for a Toyota Corolla in Raleigh? (RaleighCoverage.com)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• Your Car has been Stolen: Now What? (Allstate)
• Shopping for a Safe Car (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)