2012 Toyota Corolla Car Insurance Rates – 8 Ways to Save

Want lower car insurance rates for your Toyota Corolla? Trying to find low-cost insurance for a Toyota Corolla can be a lot of work, but you can follow these tips and make it easy.

There is a right way and a wrong way to find car insurance online and you need to know the best way to compare rates for a Toyota and get the lowest price.

Discounts mean cheaper 2012 Toyota Corolla insurance rates

The price of auto insurance can be rather high, but companies offer discounts that you may not even be aware of. Most are applied when you get a quote, but some must be inquired about prior to receiving the credit. If you aren’t receiving every discount you deserve, you are throwing money away.

  • Good Student – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can receive discounts up to 30%.
  • Resident Student – Children who attend school more than 100 miles from home and don’t have a car can receive lower rates.
  • No Accidents – Drivers who don’t have accidents pay less as compared to accident-prone drivers.
  • Braking Control Discount – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Government Employees – Active or retired federal employment can save as much as 8% for Corolla insurance with certain companies.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts could cut 10% or more off your PIP or medical payments premium.
  • E-sign – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up online.

It’s important to understand that most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it doesn’t quite work that way. But any discount will bring down the cost of coverage.

To see a list of providers with discount car insurance rates, click this link.

Tailor your coverage to you

When it comes to buying coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight whether you might need an agent’s assistance.

  • Does liability extend to a camper or trailer?
  • Can I make deliveries for my home business?
  • Is motorclub coverage worth it?
  • Where can I find high-risk insurance?
  • Is my cargo covered for damage or theft?
  • Will my rates increase for filing one claim?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and can help protect your family.

Auto insurance coverages explained

Knowing the specifics of your auto insurance policy aids in choosing the right coverages for your vehicles. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive or Other Than Collision – This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as damage from getting keyed, hitting a deer, hitting a bird, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical costs insurance – Med pay and PIP coverage provide coverage for short-term medical expenses like funeral costs, pain medications, dental work and prosthetic devices. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these limits are identical to your policy’s liability coverage.

Liability – This coverage protects you from injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as loss of income, legal defense fees, court costs, structural damage and bail bonds. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

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

Collision coverage pays for things like hitting a mailbox, sideswiping another vehicle, colliding with a tree, colliding with another moving vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Shop. Compare. Save.

Lower-priced 2012 Toyota Corolla insurance is attainable from both online companies and also from your neighborhood agents, so you should compare both to get a complete price analysis. A few companies may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

In this article, we presented some good ideas how to reduce insurance prices online. The most important thing to understand is the more times you quote, the better likelihood of reducing your rate. You may even discover the lowest rates come from an unexpected company.

Insureds change insurance companies for many reasons like extreme rates for teen drivers, lack of trust in their agent, high prices or not issuing a premium refund. Regardless of your reason for switching companies, switching companies is less work than it seems.

More detailed insurance information can be found by following these links: