Lower Your 2013 Toyota Corolla Insurance Quotes

Looking for lower car insurance rates for your Toyota Corolla? Are you a victim of high-priced car insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out. Consumers have many insurance companies to pick from, and although it’s nice to be able to choose, lots of choices makes it harder to find the lowest rates.

You need to price shop coverage occasionally since insurance rates are rarely the same from one policy term to another. Just because you had the lowest price for Corolla insurance a year ago there may be better deals available now. Block out anything you think you know about car insurance because we’re going to demonstrate one of the easiest ways to save money, get proper deductibles and limits, all at the lowest rate.

Compare the Market for Insurance Coverage

Comparing insurance coverage rates can take hours if you don’t utilize the fastest way to get free quotes. You can spend your afternoon driving to local insurance agents in your area, or you can stay home and use online quotes to quickly compare rates.

Many of the larger companies participate in an industry program where prospective buyers only type in their quote data once, and each company then gives them pricing for coverage. This saves time by eliminating quote requests to each individual insurance coverage company.

To participate in this free quote system, click here (opens in new window).

The only downside to pricing coverage this way is you are unable to specify the insurers you want to price. If you prefer to choose specific providers for rate comparison, we have a listing of companies who write insurance coverage in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but compare apples-to-apples coverage limits for every company. If each company quotes higher or lower deductibles it will be impossible to make a fair comparison for your Toyota Corolla.

Companies offer discounts so take them!

The cost of insuring your cars can be expensive, but there are discounts available to help offset the cost. Certain discounts will be applied when you complete an application, but some must be specially asked for in order for you to get them. If you don’t get every credit possible, you are throwing money away.

  • Good Student – Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy can get a discount on all vehicles.
  • Senior Citizens – If you’re over the age of 55, you may be able to get better insurance coverage rates for Corolla insurance.
  • Federal Employees – Active or retired federal employment can save as much as 8% for Corolla insurance with certain companies.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
  • No Accidents – Good drivers with no accidents can save substantially when compared with frequent claim filers.
  • Paperwork-free – A handful of insurance companies may give you up to $50 simply for signing on their website.

Drivers should understand that some credits don’t apply to all coverage premiums. Most only cut individual premiums such as comp or med pay. Just because you may think you can get free auto insurance, companies wouldn’t make money that way. But any discount will reduce your overall premium however.

For a list of companies with discount insurance coverage rates, click here.

Toyota Corolla rates are in the details

Consumers need to have an understanding of some of the elements that go into determining your car insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to better car insurance rates.

  • What are your deductibles? – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Toyota from damage. A few examples of covered claims are colliding with a building, damage from fire, and rolling your vehicle. The deductibles are the amount of money you are required to spend out-of-pocket if you file a covered claim. The more you have to pay, the bigger discount you will receive for Corolla insurance.
  • High crash test scores lower rates – Vehicles with good safety scores tend to have better insurance rates. These vehicles reduce injuries and any reduction in injury severity means lower claim amounts passed on to you as lower rates. If your Toyota Corolla scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Extra add-on coverages are wasting money – There are a ton of extra coverages you can purchase if you aren’t careful. Things like personal injury protection, better glass coverage and additional equipment coverage are examples of these. They may seem good initially, but now you might not need them so remove them from your policy.
  • Your occupation can affect rates – Occupations such as lawyers, architects and stock brokers tend to pay the highest rates because of high stress levels and long work days. On the other hand, professions such as actors, students and retirees have the lowest average rates for Corolla insurance.

Do I just need basic coverages?

When buying proper insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique so this has to be addressed. These are some specific questions might help in determining whether or not you might need an agent’s assistance.

  • Should I buy full coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • Am I insured when driving a different vehicle?
  • Should I buy additional glass protection?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Do I have newly-aquired coverage?
  • Do I need replacement cost coverage?
  • Exactly who is provided coverage by my policy?
  • Does medical payments coverage apply to all occupants?
  • Is my cargo covered for damage or theft?

If you can’t answer these questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and can help protect your family.

Car insurance coverages explained

Learning about specific coverages of car insurance can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.

Coverage for medical expenses

Med pay and PIP coverage provide coverage for short-term medical expenses like funeral costs, dental work, surgery, hospital visits and prosthetic devices. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Comprehensive car insurance

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, hitting a deer and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage protection

This coverage will pay to fix damage to your Corolla from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like driving through your garage door, hitting a mailbox, backing into a parked car, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Toyota Corolla.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Coverage for liability

Liability coverage will cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as legal defense fees, structural damage, pain and suffering and bail bonds. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

And the best car insurance company is…

You just read some good ideas how you can get a better price on 2013 Toyota Corolla insurance. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the best prices are with a company that doesn’t do a lot of advertising. Smaller companies often have lower prices on specific markets than their larger competitors like State Farm and Allstate.

When buying insurance coverage, do not buy less coverage just to save a little money. In many instances, an accident victim reduced liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

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