2000 Toyota Corolla Insurance Cost – 10 Ideas for Cheaper Prices

Scraping up a payment for overpriced Toyota Corolla insurance can empty your personal savings, especially in this economy. Doing a price comparison is free, only takes a few minutes, and is a good way to cut your insurance bill. Online insurance companies like Geico, Farmers Insurance and State Farm constantly bombard you with catchy ads and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

Finding Insurance Coverage Deals

All the larger insurance coverage companies like Progressive, Allstate and Geico give prices on the web. Getting online quotes is pretty easy as you just type in the coverages you want as requested by the quote form. After you submit the form their rating system automatically orders information on your driving record and credit history and returns a price based on these factors. Online quotes simplifies rate comparisons, but the work required to visit several different sites and fill out multiple forms can be a bit repetitive. Unfortunately, it is important to get many rate quotes in order to find better insurance coverage pricing.

The better way to compare rates

A more efficient way to compare insurance coverage pricing utilizes a single form that gets prices from a bunch of companies at once. The form is fast, requires less work, and makes quoting online a lot less work. After your information is entered, it gets priced with multiple companies and you can pick your choice of the quote results. If a lower price is quoted, you can simply submit the application and buy the new coverage. The entire process can be completed in less than 10 minutes and you will know how your current rates stack up.

To quickly compare pricing, click here to open in a new tab and input your coverage information. If you have a policy now, it’s recommended you replicate the coverage information as close as possible to your current policy. This guarantees you will receive rate comparison quotes based on the exact same insurance coverage.

Buyer beware of insurance advertising tricks

Drivers constantly see and hear ads for cheaper car insurance from companies such as Progressive, Allstate and Geico. All the ads make the same claim about savings after switching your policy.

How do they all say the same thing? This is how they do it.

Different companies have a preferred profile for the type of customer that makes them money. An example of a driver they prefer might be profiled as between 30 and 50, has no tickets, and has excellent credit. A propective insured who matches those parameters will qualify for the lowest rates and as a result will probably save quite a bit of money when switching.

Potential customers who fall outside these standards will be charged more money which leads to the driver buying from a lower-cost company. The ads say “people who switch” but not “drivers who get quotes” save money. This is how insurance companies can confidently advertise the savings. That is why it is so important to compare as many rates as you can. You cannot predict which company will fit your personal profile best.

These ten discounts can lower your rates

Companies offering auto insurance don’t always publicize all available discounts very well, so here is a list some of the more common and the harder-to-find discounts you could be receiving. If you don’t get every credit available, you are paying more than you should be.

  • Senior Discount – Mature drivers may qualify for reduced rates on Corolla coverage.
  • Defensive Driving Course – Taking part in a driver safety course could cut 5% off your bill if your company offers it.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Employee of Federal Government – Active or retired federal employment can save as much as 8% on Corolla coverage depending on your company.
  • Homeowners Pay Less – Simply owning a home can help you save on insurance coverage because of the fact that having a home requires personal responsibility.
  • Drive Less and Save – Fewer annual miles on your Toyota could qualify for a substantially lower rate.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
  • Paperless Signup – Certain companies may give you up to $50 for buying a policy and signing up digitally online.
  • Lower Rates for Military – Being on active duty in the military can result in better rates.

Consumers should know that many deductions do not apply the the whole policy. Most only cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck.

A partial list of companies that possibly offer these discounts include:

Double check with all companies you are considering how you can save money. Discounts may not be available everywhere.

Different people need different coverages

When buying the right insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For example, these questions could help you determine if you would benefit from an agent’s advice.

  • Should I waive the damage coverage when renting a car?
  • Do I need roadside assistance coverage?
  • I don’t drive much so do I pay less?
  • Do I have coverage if my license is suspended?
  • Do I have any recourse if my insurance company denies a claim?
  • Why do I only qualify for high-risk insurance?
  • Should I bundle my homeowners policy with my auto?
  • Does coverage extend to a rental car in a foreign country?
  • Does coverage extend to Mexico or Canada?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

Insurance specifics

Knowing the specifics of insurance helps when choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on the average insurance policy.

Auto liability insurance

This can cover damages or injuries you inflict on other’s property or people that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as loss of income, medical services, medical expenses and attorney fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Toyota Corolla.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as ambulance fees, dental work, chiropractic care, pain medications and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, rock chips in glass, damage from getting keyed, falling objects and fire damage. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision insurance

This will pay to fix damage to your Corolla caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like sideswiping another vehicle, hitting a mailbox, crashing into a ditch, backing into a parked car and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Quote often and quote early

As you shop your coverage around, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where someone dropped comprehensive coverage or liability limits and learned later that it was a big error on their part. Your strategy should be to purchase plenty of coverage for the lowest price while still protecting your assets.

You just read some good ideas how you can save on 2000 Toyota Corolla insurance. The key concept to understand is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers may even find the lowest priced car insurance comes from the least-expected company. Regional companies may often insure only within specific states and give getter rates compared to the large companies like Progressive or Geico.

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