Save on 1999 Toyota Corolla Car Insurance Rates

Expensive auto insurance can drain your funds and make it impossible to make ends meet.

Drivers have many car insurance companies to purchase coverage from, and even though it’s nice to be able to choose, more choices can make it harder to compare rates.

It’s important to get comparison quotes once or twice a year since prices are variable and change quite frequently. Even if you think you had the lowest price on Corolla insurance at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because it’s time to teach you the best way to save on auto insurance.

How insurers determine Toyota Corolla insurance prices

A large part of saving on insurance coverage is knowing some of the factors that go into determining your insurance coverage rates. When you understand what influences your rates, this helps enable you to make changes that will entitle you to much lower annual insurance costs.

• Liability protection safeguards assets – Your policy’s liability coverage is the protection if you are ruled to be at fault for personal injury or accident damage. Your liability coverage provides for a legal defense starting from day one. Liability insurance is quite affordable compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
• Consider raising coverage deductibles – Physical damage protection, also called ‘full coverage’, covers your vehicle from damage. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, or theft. The deductibles represent how much money you are willing to pay out-of-pocket if the claim is covered. The more the insured is willing to pay, the less money you will pay for insurance coverage on Corolla insurance.
• Drive less and get lower costs – Driving more miles each year the higher the price you pay to insure it. The majority of insurers price each vehicle’s coverage based upon how much you drive. Cars left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage coverage states the right rating data, because it can save money. Incorrect rating for your Corolla may be costing you.
• Your employer is a factor – Occupational choices like judgesair traffic controllers and emergency personnel usually pay higher rates than the rest of us attributed to intense work requirements and lots of time spent at work. On the flip side, occupations like farmers, athletes and the unemployed get better rates on Corolla insurance.
• Policy claims cost money – If you tend to file frequent claims, you shouldn’t be surprised to get either higher rates or even cancellation. Insurance companies generally give better rates to policyholders who only file infrequent claims. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
• Youthful drivers are expensive to insure – Older, more experienced drivers are viewed as being more responsible, tend to file fewer claims and get fewer tickets.Teenage drivers are known to be less responsible when at the wheel of a vehicle so insurance coverage rates are higher.
• City dwellers may pay more – Having an address in areas with lower population has it’s advantages when talking about insurance coverage. Drivers in populated areas have to deal with congested traffic and much longer commute distances. Fewer people corresponds to lower accident rates.

Discount insurance coverage rates

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to help offset the cost. Certain credits will be shown at the time of purchase, but a few must be requested specifically before they will apply.

• Driver’s Education for Students – Require your teen driver to enroll in driver’s education if it’s offered in school.
• Discount for Swiching Early – A few insurance coverage companies offer discounts for switching to them early. You may see this discount when you get insurance quotes online.
• Multi-car Discount – Purchasing coverage when you have multiple cars or trucks on one policy may reduce the rate for each vehicle.
• Telematics Discount – Policyholders that allow driving data collection to scrutinize where and when they drive by using a telematics device such as State Farm’s In-Drive might get better premium rates if their driving habits are good.
• Good Student – This discount can earn a discount of 20% or more. Many companies even apply the discount to college students up until you turn 25.
• Waiver for an Accident – This isn’t a discount exactly, but a few companies such as State Farm and Allstate will turn a blind eye to one accident before they charge you more for coverage with the catch being you have to be claim-free prior to being involved in the accident.
• Theft Prevention System – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.

Don’t be shocked that most discounts do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comp or med pay. Even though it appears all the discounts add up to a free policy, nobody gets a free ride.

Car insurance companies that may have some of the discounts shown above may include but are not limited to:

• Farm Bureau
• MetLife
• Progressive
• AAA
• American Family
• Geico
• State Farm

When getting free insurance quotes, it’s a good idea to every prospective company what discounts are available to you. Some discounts may not be available in every state. If you would like to see a list of insurance coverage companies with discount insurance coverage rates, click here.

Do car insurance companies bend the truth?

Progressive, Allstate and Geico endlessly run television, radio, and online ads. They all seem to say the same thing that people will save just by switching to their company. Is it even possible that every company can lower your rates? This is how they do it.

Insurance providers require specific criteria for the type of customer that will not have excessive claims. For instance, a preferred risk may be between the ages of 30 and 45, has few claims, and drives less than 5,000 miles a year. Someone that hits that “sweet spot” will probably get the lowest prices and will most likely save money with a new company.

Insureds who don’t measure up to the requirements will probably have to pay higher premiums and this can result in business going elsewhere. If you listen to the ad wording, they say “people who switch” but not “all drivers who get quotes” save money. That’s why companies can truthfully state the savings.

This really drives home the point why it is so important to get as many free insurance quotes as possible. It’s not possible to predict which insurance companies will have the lowest rate quotes.

Tailor your insurance coverage to you

When it comes to choosing coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions could help you determine whether your personal situation will benefit from professional help.

• Are rental cars covered under my policy?
• When should I remove comp and collision on my 1999 Toyota Corolla?
• Do I need special endorsements for business use of my vehicle?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• What is the minimum liability in my state?
• What is the difference between comprehensive and collision coverage?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Coverages available on your policy

Having a good grasp of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are the normal coverages found on most car insurance policies.

Collision coverages – This coverage covers damage to your Corolla from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as damaging your car on a curb, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Toyota Corolla.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for bills for things like dental work, prosthetic devices, chiropractic care and ambulance fees. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Liability coverage – This will cover damage or injury you incur to other’s property or people that is your fault. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like legal defense fees, attorney fees, bail bonds, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

Comprehensive coverages – This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like vandalism, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from getting keyed. The most your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage on a shoestring budget

You just read many tips how you can shop for 1999 Toyota Corolla insurance online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding cheaper insurance. Consumers could even find that the lowest auto insurance rates are with a company that doesn’t do a lot of advertising. Regional companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as State Farm and Allstate.

More affordable car insurance is definitely available both online and from local agencies, and you should compare price quotes from both to have the best rate selection. Some insurance companies may not provide the ability to get quotes online and these regional carriers only sell coverage through local independent agents.

Helpful learning opportunities

• Tread Depth and Tire Safety (State Farm)
• Who Has the Cheapest Car Insurance Rates for a Toyota Corolla in Raleigh? (RaleighCoverage.com)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)