1998 Toyota Corolla Car Insurance Quotes – 5 Tips for Best Rates

If online car insurance comparisons are new to you, you may be overwhelmed by the large number of car insurance companies selling insurance.

How to Buy Insurance Online

There are a lot of ways to shop for insurance, and some are less labor-intensive and much quicker. You can waste a lot of time talking to agents in your area, or you could use the web to get pricing more quickly.

Many popular insurance companies take part in a program where insurance shoppers enter their policy data once, and at least one company can provide price quotes determined by their information. This saves time by eliminating repetitive form submissions for each company.

To find out how much you’re overpaying now click here to start a free quote.

The one disadvantage to using this type of system is that consumers can’t choose which providers you will receive quotes from. So if you prefer to choose individual companies to compare prices, we have a page of low cost insurance companies in your area. Click to view list.

It’s up to you which method you use, but double check that you are using apples-to-apples coverages and limits for every quote you compare. If you are comparing different deductibles it will be very difficult to determine the lowest rate for your Toyota Corolla. Having just a slight variation in coverages may result in a large different in cost. Just remember that getting more free quotes helps you find the best rates.

Save with discounts on Toyota Corolla insurance

Car insurance is not cheap, buy you may qualify for discounts to reduce the price significantly. A few discounts will automatically apply at the time of quoting, but lesser-known reductions have to be requested specifically in order for you to get them.

  • Student Driver Training – Have your child complete a driver education course if offered at their school.
  • Early Signing – Select companies give a discount for signing up prior to your current policy expiring. This can save 10% or more.
  • Good Student – This discount can save 20 to 25%. The good student discount can last well after school through age 25.
  • Accident Forgiveness – A few companies permit an accident before hitting you with a surcharge if you are claim-free for a certain period of time.
  • Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.

Consumers should know that most of the big mark downs will not be given to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. Just because it seems like all the discounts add up to a free policy, you won’t be that lucky. But any discount will help reduce the cost of coverage.

Companies who might offer these discounts include:

Before buying, ask each insurance company how you can save money. Savings might not apply in your state.

Tailor your coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different.

For example, these questions may help you determine whether your personal situation might need an agent’s assistance.

  • What is UM/UIM insurance?
  • How much underlying liability do I need for an umbrella policy?
  • Can my teen drive my company car?
  • Do I need replacement cost coverage?
  • What can I do if my company won’t pay a claim?
  • When should my teen driver be added to my policy?
  • Am I covered when driving a rental car?
  • What is PIP insurance?
  • What if I total my 1998 Toyota Corolla and owe more than it’s worth?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form.

Parts of your insurance policy

Having a good grasp of your insurance policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement.

Collision coverage

Collision insurance pays for damage to your Corolla resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like damaging your car on a curb, colliding with a tree, sideswiping another vehicle and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for nursing services, rehabilitation expenses, EMT expenses and pain medications. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

This 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 protects against things like hitting a bird, a tree branch falling on your vehicle and falling objects. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Toyota Corolla.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages do not exceed the liability coverage limits.

Liability coverages

This provides protection from damage or injury you incur to other people or property. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like medical services, legal defense fees and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Best coverage at the best price

We’ve covered many ways to reduce 1998 Toyota Corolla insurance prices online. It’s most important to understand that the more quotes you get, the higher the chance of saving money. Drivers may discover the best price on auto insurance is with a smaller regional carrier.

Consumers leave their current company for many reasons like policy non-renewal, delays in responding to claim requests, being labeled a high risk driver or high rates after DUI convictions. Regardless of your reason for switching companies, finding a new auto insurance company is actually quite simple.

Cost effective insurance can be bought online as well as from independent agents, so you should be comparing quotes from both to have the best selection. Some auto insurance companies don’t offer online quoting and these small, regional companies work with independent agents.

To read more, feel free to visit the resources below: