2017 Toyota Corolla Insurance Rates – 6 Tips for Cheaper Quotes

Scraping up a payment for pricey Toyota Corolla insurance can eat up your checking account and make it hard to pay other bills. Performing a rate comparison is an excellent way to lower your monthly bill.

Insurance companies such as Allstate, Progressive and Geico all claim big savings with ad campaigns and it is difficult to separate fact from fiction and do the work needed to find the best deal.

If you are insured now or need a new policy, you can follow these tips to find the best rates and still get good coverage. Finding the best rates is easy if you know what you’re doing. Vehicle owners just need to understand the best way to find the lowest price over the internet.

The best way to get rate comparisons is to know the trick most of the bigger providers participate in a system to compare their rates. All consumers are required to do is spend a couple of minutes providing details such as marital status, if the car is leased, whether the vehicles are used for commuting, and level of coverage desired. The data is instantly sent to many different companies and you should receive rate quotes with very little delay.

To find lower rates now, click here and see if a lower rate is available.

More discounts mean cheaper premiums

Some providers don’t always publicize all disounts very clearly, so the list below gives a summary of a few of the more common and also the lesser-known savings tricks you should be using when you buy auto insurance online. If they aren’t giving you every credit you deserve, you are just wasting money.

• Lower Rates for Military – Having a deployed family member may lower your premium rates slightly.
• New Car Discount – Buying insurance on a new vehicle may earn a small discount since newer vehicles are generally safer.
• Paper-free Discount – A few companies will give a small break for signing up digitally online.
• Safe Driver Discount – Safe drivers can save as much as half off their rates for Corolla insurance than less cautious drivers.
• Anti-theft System – Cars and trucks equipped with anti-theft or alarm systems are stolen with less frequency and will save you 10% or more.
• ABS Brakes – Vehicles with ABS braking systems or traction control are safer to drive and qualify for as much as a 10% discount.

One thing to note about discounts is that some credits don’t apply to the entire cost. Some only reduce specific coverage prices like liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way.

A list of auto insurance companies and their offered discounts are shown below.

• Mercury Insurance policyholders can earn discounts including multi-car, multi-policy, location of vehicle, accident-free, good driver, and anti-theft.
• Farmers Insurance may offer discounts for multi-car, bundle discounts, pay in full, early shopping, switch companies, and youthful driver.
• Farm Bureau offers premium reductions for driver training, renewal discount, youthful driver, 55 and retired, multi-policy, and good student.
• State Farm has savings for anti-theft, student away at school, Steer Clear safe driver discount, passive restraint, driver’s education, and multiple policy.
• Allstate offers discounts for senior citizen, multi-policy, passive restraint, anti-lock brakes, and safe driver.
• Geico may have discounts that include daytime running lights, emergency military deployment, five-year accident-free, air bags, multi-policy, and anti-theft.

Check with all the companies to apply every possible discount. All car insurance discounts may not be available in your area. If you would like to see a list of insurers who offer free auto insurance quotes, click here to view.

It’s not one size fits all

When choosing the best insurance coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so this has to be addressed. For instance, these questions may help you determine whether or not you would benefit from professional advice.

• Does my insurance cover damage caused when ticketed for reckless driving?
• If my 2017 Toyota Corolla is totaled, can I afford another vehicle?
• Are split liability limits better than a combined single limit?
• Is borrowed equipment or tools covered if stolen or damaged?
• Am I missing any policy discounts?
• Can I make deliveries for my home business?
• Why does it cost so much to insure a teen driver?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.

Auto insurance coverage breakdown

Having a good grasp of your auto insurance policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverage types offered by auto insurance companies.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually these limits are set the same as your liablity limits.

Coverage for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses like surgery, pain medications and prosthetic devices. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage

Collision insurance covers damage to your Corolla caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as crashing into a building, colliding with another moving vehicle, scraping a guard rail, sideswiping another vehicle and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, fire damage, theft and a broken windshield. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability car insurance

Liability coverage provides protection from damage that occurs to a person or their property. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as repair bills for other people’s vehicles, structural damage, medical services and loss of income. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

More quotes. Lower rates.

When buying insurance coverage, do not skimp on coverage in order to save money. There are a lot of situations where someone sacrificed physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at a price you can afford, but do not sacrifice coverage to save money.

We just covered a lot of techniques to lower your 2017 Toyota Corolla insurance rates. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable auto insurance. You may be surprised to find that the lowest priced car insurance comes from a small local company. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm and Allstate.

More detailed car insurance information is located in these articles:

• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Who Has the Cheapest Anaheim Auto Insurance for a Toyota Corolla? (QuoteAnaheim.com)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Insurance Losses by Make and Model (iihs.org)
• Help Your Teen Be a Better Driver (State Farm)
• Reducing Your Risks in a Car Crash Video (iihs.org)