2012 Toyota Corolla Insurance Quotes – 10 Tips to Save

Finding the cheapest insurance for a new or used Toyota Corolla can normally be a lot of work, but you can learn these tips to save time. There are more efficient ways to compare car insurance rates and we’ll show you the quickest way to price shop coverage for a Toyota and locate the lowest possible price from both online companies and local agents.

How to get free insurance quotes online

Getting a more affordable price on 2012 Toyota Corolla insurance is not rocket science. The only thing you need to do is take the time comparing rates to find out which insurance company has inexpensive insurance coverage quotes. It is quite easy and can be accomplished using one of these methods.

1. One of the simplest ways to get quotes for comparison is a comparison rater form like this one (opens in new window). This style of form saves time by eliminating repetitive form entry for each price estimate. Taking the time to complete one form gets you price quotes from several companies. It’s definitely the quickest method.
2. A more time consuming way to analyze rates is to manually visit the website for each individual company to complete a price quote. For example, let’s say you want to compare rates from Auto-Owners, Allstate and Geico. You would have to go to every website and enter your information, which is why the first method is more popular.

   For a list of companies in your area, click here.

It’s your choice how you get your quotes, but do your best to use identical quote data with every price quote. If each company quotes different values for each quote it’s impossible to find the best deal for your Toyota Corolla.

Car insurance quotes and discounts

Some companies don’t always advertise every disount available in an easy-to-find place, so below is a list a few of the more common and the harder-to-find credits available to bring down your rates. If you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.

• Early Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
• Distant College Student Discount – Youth drivers living away from home attending college without a vehicle on campus can receive lower rates.
• Savings for New Vehicles – Buying insurance on a new vehicle may earn a small discount because new model year vehicles keep occupants safer.
• Discount for Swiching Early – Some insurance companies reward drivers for renewing your policy early. You could save around 10% when you buy insurance coverage online.
• Mature Driver Discount – Drivers over the age of 55 may qualify for a slight reduction on a insurance coverage quote on Corolla insurance.
• Online Discount – A few companies may give you up to $50 shop insurance coverage on the internet.
• Driver Education Discount – Require your teen driver to participate in a local driver’s education class if it’s offered in school.
• Discounts for Government Workers – Active or retired federal employment can save as much as 8% on Corolla insurance with select insurance companies.
• No Charge for an Accident – Not really a discount, but some insurance companies permit an accident before your rates go up if you are claim-free prior to being involved in the accident.
• ABS Brakes – Cars with ABS and/or traction control are safer to drive so you can save 10 percent or more.

As is typical with insurance, most credits do not apply to the entire cost. The majority will only reduce specific coverage prices like comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, you aren’t that lucky.

To see providers with the best car insurance discounts, follow this link.

Situations that may require an agent’s advice

When it comes to choosing the best insurance coverage coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might help in determining whether your personal situation could use an agent’s help.

• When should I drop full coverage on my 2012 Toyota Corolla?
• Does car insurance cover theft of personal property?
• Is my vehicle covered by my employer’s policy when using it for work?
• Does my personal policy cover me when driving out-of-state?
• Which companies will insure high-risk drivers?
• What can I do if my company denied a claim?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, complete this form. It is quick, free and you can get the answers you need.

Auto insurance coverage information

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as scraping a guard rail, rolling your car and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Insurance for medical payments

Med pay and PIP coverage provide coverage for expenses for things like ambulance fees, chiropractic care, dental work and rehabilitation expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Corolla.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverage (or Other than Collision)

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

Comprehensive can pay for things like damage from flooding, fire damage, a tree branch falling on your vehicle, hitting a deer and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto liability

Liability insurance provides protection from damage that occurs to people or other property by causing an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims such as medical services, funeral expenses, repair bills for other people’s vehicles and medical expenses. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.

Feed the piggy bank

When getting insurance coverage quotes online, make sure you don’t reduce coverage to reduce premium. There have been many situations where someone dropped liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to get the best coverage possible at the best price, but do not sacrifice coverage to save money.

Low-cost 2012 Toyota Corolla insurance can be bought from both online companies and also from your neighborhood agents, so you should compare both to get a complete price analysis. Some insurance companies do not offer online rate quotes and most of the time these smaller companies only sell coverage through independent agents.

People leave their current company for a variety of reasons including being labeled a high risk driver, questionable increases in premium, high prices and even unfair underwriting practices. It doesn’t matter why you want to switch finding a new company is easier than you think.

More detailed car insurance information is located by following these links:

• All About Airbag Safety (State Farm)
• What Insurance is Cheapest for a Toyota Corolla in Austin? (AustinCarInsuranceQuotes.com)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Car Insurance: When not to Skimp (BankRate.com)