Lower Your 2014 Toyota Corolla Insurance Rates

Want the cheapest auto insurance rates for your Toyota Corolla? Have you had enough of being strong-armed to insure your Toyota every month? You are no different than many other drivers.

Drivers have so many car insurance companies to pick from, and although it’s nice to be able to choose, it makes it harder to find the best rates for your vehicles.

Cut prices on 2014 Toyota Corolla insurance

Insurance can be prohibitively expensive, but there could be available discounts to cut the cost considerably. Certain discounts will be applied when you quote, but a few must be inquired about before you will receive the discount.

  • 55 and Retired – Mature drivers may receive better car insurance rates on Corolla coverage.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
  • Federal Government Employee – Employees or retirees of the government can save as much as 8% on Corolla coverage with a few car insurance companies.
  • Defensive Driving Course – Successfully completing a course in driver safety could save 5% or more depending on where you live.
  • Good Student – Getting good grades can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
  • Auto/Home Discount – When you combine your home and auto insurance with one insurance company you could get a discount of up to 20% off your total premium.
  • Memberships – Participating in a professional or civic organization could qualify you for a break when buying car insurance on Corolla coverage.
  • Use Seat Belts – Drivers who require all occupants to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.

Keep in mind that many deductions do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount will cut your premiums.

Car insurance companies that possibly offer some of the above discounts may include but are not limited to:

Double check with every prospective company how you can save money. All car insurance discounts might not be offered everywhere.

Lesser-known factors impacting Toyota Corolla insurance rates

Consumers need to have an understanding of the factors that play a part in calculating car insurance rates. Understanding what determines base rates empowers consumers to make smart changes that may reward you with better car insurance rates.

Shown below are a few of the “ingredients” used by your company to calculate rates.

  • Men are more aggressive – Statistics demonstrate that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. Men and women cause accidents in similar numbers, but the males cause more damage. They also have more aggressive citations such as reckless driving. Young males tend to get in the most accidents and therefore are the most expensive to insure.
  • Don’t cancel a policy without a new one in place – Driving with no insurance is a misdemeanor and as a result your rates will increase for letting your insurance lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.
  • An active claims history can cost you – Car insurance companies award cheaper rates to people who file claims infrequently. If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Your insurance policy is designed for the large, substantial claims.
  • Liability coverage protects you – The liability section of your policy is the protection in the event that a court rules you are at fault for personal injury or accident damage. It provides for a legal defense which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.

Tailor your coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there is no cookie cutter policy. Every situation is different so this has to be addressed. These are some specific questions might help in determining if you will benefit from professional help.

  • Is there coverage for injuries to my pets?
  • Where can I find high-risk insurance?
  • Do I need motorclub coverage?
  • Does medical payments coverage apply to all occupants?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Am I covered when pulling a rental trailer?
  • What is an SR-22 filing?
  • Does my 2014 Toyota Corolla need full coverage?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Can you really save that much by switching?

Auto insurance companies such as Geico, State Farm and Progressive consistently run television and radio advertisements. They all seem to make the same claim that you’ll save big if you change your policy. How does each company say the same thing? It’s all in the numbers.

All companies have a preferred profile for the type of driver they prefer to insure. For instance, a desirable insured could be a mature driver, a clean driving record, and chooses high deductibles. Any driver who fits that profile will qualify for the lowest rates and therefore will save a lot of money.

Drivers who don’t qualify for the “perfect” profile will have to pay higher rates and this can result in business not being written. The ads state “customers who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can confidently state the savings.

Because of the profiling, you should get as many comparisons as possible. It’s not possible to predict which auto insurance company will have the lowest Toyota Corolla insurance rates.

Car insurance policy coverages for a Toyota Corolla

Understanding the coverages of a car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average car insurance policy.

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as sideswiping another vehicle, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for rehabilitation expenses, X-ray expenses, prosthetic devices, dental work and surgery. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, damage from flooding, damage from getting keyed, theft and vandalism. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto liability insurance

Liability coverage will cover damage or injury you incur to other people or property by causing an accident. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like emergency aid, repair bills for other people’s vehicles, legal defense fees, medical services and medical expenses. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Toyota Corolla.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.

Be a money saver!

As you prepare to switch companies, make sure you don’t buy poor coverage just to save money. In too many instances, an insured cut physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage at the best price while still protecting your assets.

Cheaper 2014 Toyota Corolla insurance can be sourced online and with local insurance agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

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