How Much Does 1996 Toyota Corolla Car Insurance Cost?

Searching for better car insurance rates for your Toyota Corolla? Expensive car insurance can drain your checking account and force you to prioritize other expenses. Comparing price quotes is free, only takes a few minutes, and is a good way to cut your insurance bill.

Multiple car insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies and get the definite cheapest price

Which Car Insurance is Cheapest?

When shopping for car insurance there are multiple ways of comparing price quotes and find the best price. The recommended way to find the lowest 1996 Toyota Corolla rates is to perform an online rate comparison. It is quite easy and can be accomplished using a couple different methods.

  • The fastest way to find low rates is a comparison rater form click to view form in new window. This type of form prevents you from having to do multiple quote forms to each individual car insurance company. One quote request will get you rate comparisons from multiple low-cost companies.
  • A more time consuming way to analyze rates consists of visiting the website of each company to complete a price quote. For example, we’ll pretend you want comparison quotes from Liberty Mutual, Progressive and American Family. You would have to visit each site to enter your coverage information, which is why the first method is quicker. To view a list of companies in your area, click here.
  • The most time-consuming method to compare rates is to drive around to different agent offices. The internet makes this process obsolete unless you prefer the professional advice only provided by licensed agents. However, consumers can comparison shop your insurance online and still use a local agent and we’ll talk about that later.

It’s up to you which method you use, but compare the exact same coverage limits for every company. If you enter different liability limits it will be next to impossible to truly determine the lowest rate. Quoting even small variations in limits can result in a big premium difference. Just keep in mind that quoting more will increase your chances of finding the best offered rates.

Do you qualify for a discount?

Car insurance is not cheap, buy you may qualify for discounts to reduce the price significantly. Certain discounts will be triggered automatically when you get a quote, but a few need to be requested specifically prior to receiving the credit.

  • Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% for Corolla insurance with select insurance companies.
  • Save over 55 – Mature drivers may be able to get reduced rates for Corolla insurance.
  • Club Memberships – Affiliation with a civic or occupational organization may earn a discount when buying insurance for Corolla insurance.
  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you may save up to 20% off your total premium.
  • Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you could save up to 5%.
  • Discount for Life Insurance – Some companies give a discount if you purchase auto and life insurance together.

Keep in mind that some of the credits will not apply to your bottom line cost. Most cut the cost of specific coverages such as liability and collision coverage. Just because you may think having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will cut your premiums.

Companies that possibly offer these discounts include:

Double check with all companies you are considering which discounts you may be entitled to. Savings may not apply in every state.

What coverages do I need?

When choosing the right insurance coverage for your vehicles, there really is no “best” method to buy coverage. Every situation is different so your insurance needs to address that. These are some specific questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Should I drop comprehensive coverage on older vehicles?
  • Why do I only qualify for high-risk insurance?
  • Am I covered if I drive in a foreign country?
  • Will my insurance pay for OEM parts?
  • Is my cargo covered for damage or theft?
  • How do I buy GAP insurance?
  • Are rental cars covered under my policy?
  • Is business property covered if stolen from my car?
  • What happens if I owe more than my 1996 Toyota Corolla is worth?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Toyota Corolla insurance premiums are calculated by many factors

It’s important that you understand the different types of things that help determine your insurance rates. Understanding what influences your rates allows you to make educated decisions that could result in lower insurance prices.

  • Are you male or female? – Statistics have proven women are more cautious behind the wheel. However, this does not mean women are better drivers. Both sexes tend to get into accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to get more serious tickets like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high insurance rates.
  • Marriage brings a discount – Being married can actually save you money on your policy. Having a spouse is viewed as being more responsible and it’s statistically proven that being married results in fewer claims.
  • Little extras can really add up – There are a lot of additional coverages that you can get tricked into buying if you aren’t careful. Things like roadside assistance, accidental death and membership fees are examples of these. They may seem like a good idea initially, but your needs may have changed so remove them from your policy.
  • No coverage gaps is important – Letting your insurance expire will be a fast way to trigger a rate increase. And not only will your rates increase, getting caught without coverage will get you a steep fine or even jail time.You may then be required to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.

Auto insurance coverage specifics

Learning about specific coverages of auto insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on most auto insurance policies.

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hitting a bird and falling objects. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.


This coverage provides protection from damage that occurs to other’s property or people by causing an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like structural damage, bail bonds and legal defense fees. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Collision coverage protection

Collision insurance pays for damage to your Corolla resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sideswiping another vehicle, driving through your garage door, hitting a parking meter, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for expenses for surgery, pain medications and ambulance fees. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 1996 Toyota Corolla.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Buy Smart and Save

We covered a lot of tips how to get a better price on 1996 Toyota Corolla insurance. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. Drivers may discover the lowest rates come from the least-expected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.

Low-cost insurance can be purchased online and with local insurance agents, so compare prices from both in order to have the best price selection to choose from. There are still a few companies who do not offer you the ability to get quotes online and these regional insurance providers work with independent agents.

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