Car insurance prices are almost guaranteed to be higher with every renewal, yet most consumers just pay the higher price and don’t know why prices increased. A few car insurance companies charge inflated prices to insure sedans, so if you don’t compare rates, you’re wasting money with every monthly payment.
The are a couple different ways to compare rates from local car insurance companies. The easiest way to find the lowest Toyota Corolla rates involves getting comparison quotes online. This can be accomplished in a couple of different ways.
- One of the best ways to get the best comparison quotes is a comparison rater form (click to open form in new window). This method prevents you from having to do multiple quotation requests for each company you want a rate for. Just one form will return quotes from all major companies. This is by far the quickest method.
- A different way to compare rate quotes is to manually visit the website for each individual company and request a quote. For instance, let’s assume you want comparison quotes from Allstate, GEICO and Travelers. To get each rate you have to spend time on each company’s site to input your insurance information, which is why the first method is more popular.
To view a list of companies in your area, click here.
- The least efficient way to get comparison rates is to spend time driving to local insurance agencies. Buying insurance online makes this process obsolete unless you require the trained guidance that only a license agent can provide. You can, however, get the lowest quotes online but buy from a local insurance agent and you’ll learn how to do that later.
Whichever method you choose, make absolute certain that you use identical information for each comparison quote. If you compare unequal deductibles or liability limits it’s impossible to determine the lowest rate for your Toyota Corolla. Just a small difference in coverages can mean a large discrepancy in price. And when quoting car insurance, remember that more quotes provides better odds of getting the best price.
Don’t overlook these six discounts
Companies that sell car insurance don’t always advertise all their discounts very clearly, so we took the time to find both well-publicized as well as the least known car insurance savings.
- Drive Less and Save – Fewer annual miles on your Toyota could qualify for lower rates on the low mileage vehicles.
- Club Memberships – Participating in a qualifying organization could qualify you for a break on car insurance.
- Government Employees – Simply working for the federal government could cut as much as 10% off with select insurance companies.
- Driver Safety – Successfully completing a course in driver safety could cut 5% off your bill depending on where you live.
- Discount for New Cars – Buying coverage on a new vehicle can save up to 30% because new vehicles have to meet stringent safety requirements.
- Drivers Education – Require your teen driver to complete a driver education course if it’s offered in school.
It’s important to note that most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as collision or personal injury protection. So when it seems like you would end up receiving a 100% discount, you’re out of luck.
Is my situation unique?
When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.
For example, these questions might point out if your situation will benefit from professional help.
- Am I covered if I wreck a rental car?
- Should I file a claim if it’s only slightly more than my deductible?
- Are my tools covered if they get stolen from my vehicle?
- Does my car insurance cover rental cars?
- Are rental cars covered under my policy?
- Can I afford to buy a different vehicle if my Toyota Corolla is totaled?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.
Smart consumers save more
While you’re price shopping online, make sure you don’t buy less coverage just to save a little money. Too many times, consumers will sacrifice comprehensive coverage or liability limits to discover at claim time they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at a price you can afford.
We just showed you quite a bit of information on how to get a better price on Toyota Corolla insurance. The most important thing to understand is the more quotes you get, the higher your chance of finding lower rates. Drivers may discover the best prices are with some of the smallest insurance companies.
Consumers change insurance companies for a number of reasons such as extreme rates for teen drivers, high rates after DUI convictions, poor customer service and lack of trust in their agent. No matter why you want to switch, choosing a new insurance company is easier than you think.
