Why It Costs Less to Buy Toyota Corolla Insurance Online

No one looks forward to buying car insurance, particularly when the cost is too high.

Online insurance companies like State Farm, Farmers Insurance, GEICO and Allstate all promote huge savings with TV and radio ads and it can be hard to avoid their marketing magic and do the work needed to find the best deal.

If you have car insurance now, you should be able to save some money using these techniques. Finding the best rates is not rocket science. Although car owners benefit from understanding how companies sell online and use this information to your advantage.

Some factors that can determine what Toyota Corolla insurance costs

Consumers need to have an understanding of the factors that play a part in calculating car insurance rates. Knowing what impacts premium levels helps enable you to make changes that may reward you with much lower annual insurance costs.

  • An active claims history can cost you – If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Car insurance companies award cheaper rates to drivers who are claim-free. Auto insurance is meant to be used in the event of the large, substantial claims.
  • Is your vehicle built for speed? – The performance level of the car you own makes a substantial difference in the rate you pay. Since the Toyota Corolla is classified as a sedan, rates will be about the same when compared to the average rates. Small economy passenger models usually have the lowest rates, but there are many factors that impact the final cost.
  • Younger drivers pay higher rates – Teen drivers are known to be more careless behind the wheel so they pay higher car insurance rates. Adding a youthful driver to your car insurance policy can be very expensive. Older drivers are viewed as being more responsible, statistically cause fewer accidents and tend to be better behind the wheel.
  • Your spouse saves you money – Being married can get you a discount on your policy. Marriage is viewed as being more mature and responsible it has been statistically shown that drivers who are married are more cautious.
  • Car features impact rates – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.

Finding Car Insurance

When shopping for car insurance there are multiple ways to get quotes and find the best price. The simplest method to find the lowest Toyota Corolla rates consists of obtaining rate quotes online. It is quite easy and can be accomplished using a couple different methods.

The most efficient way consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This type of form keeps you from doing separate quotes for every car insurance company. Filling out one form gets rate comparisons from multiple low-cost companies.

A harder way to compare rate quotes is going to the website for each individual company to request a price quote. For examples sake, let’s say you want rates from Progressive, Allstate and Travelers. To get each rate you have to visit each site and enter your information, which is why most consumers use the first method.

For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just be sure to compare identical quote information with every price quote. If the quotes have different values for each quote you can’t possibly make an equal comparison. Slightly different coverages may result in large price differences. It’s important to know that quoting more gives you a better chance of getting a better price.

How much can you save with discounts?

Companies that sell car insurance don’t always publicize every discount very well, so we took the time to find both well-publicized as well as the least known savings tricks you should be using.

  • Auto/Home Discount – If you have multiple policies with the same company you will save up to 20% off your total premium.
  • Defensive Driving Course – Completing a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • Early Switch Discount – A few companies offer discounts for switching to them prior to your current policy expiring. It’s a savings of about 10%.
  • Club Memberships – Participating in a civic or occupational organization could qualify you for a break on car insurance on Corolla insurance.
  • Discount for New Cars – Insuring a new car can save up to 30% compared to insuring an older model.

It’s important to understand that many deductions do not apply to all coverage premiums. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, companies don’t profit that way.

cheapest Toyota Corolla insurance

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

Summing up your car insurance search

As you restructure your insurance plan, do not skimp on critical coverages to save a buck or two. There are many occasions where an insured dropped physical damage coverage and discovered at claim time that the small savings ended up costing them much more. Your aim should be to buy enough coverage at a price you can afford.

We just presented some good ideas how to save on Toyota Corolla insurance. It’s most important to understand that the more you quote, the better chance you’ll have of finding lower rates. You may even discover the best price on car insurance is with a smaller regional carrier. Smaller companies may only write in your state and offer lower rates as compared to the big name companies such as State Farm or Progressive.