Compare 2007 Toyota Corolla Car Insurance Rates

Nobody I know looks forward to paying premiums for auto insurance, especially knowing they could find better rates elsewhere.

Many car insurance companies vie for your business, and it can be difficult to compare rates to find the best rate

It’s important to price shop coverage at least once a year because auto insurance prices trend upward over time. Even if you got the best rates for Corolla coverage a few years ago there may be better deals available now. Forget all the misinformation about auto insurance because you’re going to learn the best methods to lower your annual insurance bill.

If you currently have car insurance, you will be able to reduce your rates substantially using these methods. Finding the best rates is not that difficult. But drivers must comprehend how companies price insurance differently.

Compare auto insurance rates

To find the best auto insurance prices, there are several ways to get quotes from different insurance companies. By far the easiest way to find affordable Toyota Corolla insurance rates is to get quotes online. It’s really quite simple and can be done in just a few minutes using one of these methods.

1. One of the simplest ways consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This type of form saves time by eliminating multiple quote forms for each company you want a rate for. Filling out one form will get you price quotes from several companies.
2. A slightly less efficient method to analyze rates is going to each company’s website and go through the quote process again. For example, we’ll pretend you are doing a rate comparison from USAA, Safeco and Progressive. To get rate quotes you would need to visit each site and punch in your information repeatedly, which is not fast way to get rate quotes.

   To view a list of companies in your area, click here.

Take whichever approach you prefer, but make sure you are using apples-to-apples coverage limits and deductibles on every quote you get. If you use different limits and deductibles on each one it’s not possible to determine the lowest rate for your Toyota Corolla. Just a small difference in insurance coverages can make a big difference in price. Just remember that comparing more rates from different companies helps improve the odds of finding the best offered rates.

Get cheap rates with discounts

Not many people think insurance is cheap, but you may find discounts that you may not even be aware of. Some trigger automatically when you get a quote, but less common discounts must be specifically requested prior to getting the savings.

• Professional Organizations – Being in specific professional or occupational memberships or organizations could qualify you for a break on your next insurance statement.
• Fewer Miles Equal More Savings – Low annual miles could earn slightly better premium rates than normal.
• Discounts for Responsible Drivers – Insureds without accidents may save up to 50% more for Corolla coverage than less cautious drivers.
• Distant Student Discount – Kids who attend college more than 100 miles from home and leave their car at home can receive lower rates.
• Senior Citizen Discount – Mature drivers can get a small discount on rates for Corolla coverage.

As is typical with insurance, some of the credits will not apply to all coverage premiums. Most cut individual premiums such as liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. Any qualifying discounts will bring down the cost of coverage.

Companies and their offered discounts are outlined below.

• The Hartford offers discounts including air bag, good student, vehicle fuel type, driver training, anti-theft, defensive driver, and bundle.
• American Family offers premium reductions for Steer into Savings, TimeAway discount, early bird, good student, air bags, and bundled insurance.
• Progressive offers discounts for online signing, multi-vehicle, multi-policy, homeowner, and continuous coverage.
• Travelers has savings for student away at school, good student, hybrid/electric vehicle, early quote, and continuous insurance.
• Farmers Insurance may offer discounts for youthful driver, teen driver, multi-car, switch companies, good student, and bundle discounts.
• USAA includes discounts for defensive driver, family discount, multi-policy, multi-vehicle, driver training, new vehicle, and annual mileage.
• Liberty Mutual discounts include newly married, good student, new vehicle discount, new graduate, multi-car, and preferred payment discount.

Before purchasing a policy, check with all companies you are considering which discounts you may be entitled to. Some credits may not apply to policies in your area. If you would like to view companies who offer free insurance quotes, follow this link.

What is the best car insurance coverage?

When choosing adequate coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that might help in determining if your insurance needs would benefit from an agent’s advice.

• Do I need replacement cost coverage?
• Am I covered if I hit my neighbor’s mailbox?
• Can I afford low physical damage deductibles?
• Do I need more liability coverage?
• When would I need rental car insurance?
• Does my policy cover me when driving someone else’s vehicle?

If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Detailed coverages of your insurance policy

Understanding the coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.

UM/UIM Coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your Toyota Corolla.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision coverages – This coverage pays for damage to your Corolla resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Liability – Liability coverage will cover damage or injury you incur to people or other property in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for things such as legal defense fees, repair bills for other people’s vehicles, medical services and attorney fees. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like falling objects, damage from getting keyed and a broken windshield. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like funeral costs, prosthetic devices, chiropractic care and doctor visits. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Quote more. Save more.

While you’re price shopping online, it’s a bad idea to skimp on coverage in order to save money. There are a lot of situations where drivers have reduced collision coverage only to find out that it was a big error on their part. Your goal is to buy enough coverage at the best possible price while still protecting your assets.

We just showed you a lot of ways to get a better price on 2007 Toyota Corolla insurance. The key concept to understand is the more providers you compare, the higher your chance of finding cheaper insurance. You may even discover the biggest savings come from a smaller regional carrier. Smaller companies often have lower prices on specific markets than the large multi-state companies such as State Farm and Allstate.

More learning opportunities

• What is a Telematics Device? (Allstate)
• How Much is Car Insurance for a Toyota Corolla in Tulsa? (TulsaCoverage.com)
• Understanding Car Crashes Video (iihs.org)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• Parking Tips to Reduce Door Dings (State Farm)
• Rental Car Insurance Tips (Insurance Information Insitute)