Want the cheapest car insurance rates for your Toyota Corolla? Sick and tired of paying out the nose each month for car insurance? You are in the same boat as many other drivers.
Big companies like Allstate, Liberty Mutual and State Farm constantly bombard you with catchy ads and it is challenging if not impossible to ignore the propoganda and find the best price available.
Companies don’t always advertise every discount in an easy-to-find place, so we researched both well-publicized and the harder-to-find auto insurance savings.
It’s important to understand that some credits don’t apply the the whole policy. Some only apply to individual premiums such as comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn’t quite work that way.
Insurance companies that may have some of the above discounts may include but are not limited to:
Check with every prospective company which discounts you may be entitled to. Some discounts might not apply in your state.
The quickest way to get policy rate comparisons takes advantage of the fact most of the larger companies actually pay money for the chance to quote your coverage. The only thing you need to do is provide a little information like whether your vehicle is owned or leased, how your vehicles are used, if it has an alarm system, and an estimate of your credit level. That rating data is automatically sent to multiple car insurance providers and you get price estimates quickly.
When choosing proper insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different so your insurance needs to address that. These are some specific questions might point out whether you would benefit from an agent’s advice.
If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.
Understanding the coverages of insurance can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as surgery, doctor visits and dental work. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers you and your occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Collision – Collision coverage will pay to fix damage to your Corolla from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like colliding with a tree, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.
Coverage for liability – This protects you from damage that occurs to a person or their property. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things like emergency aid, court costs and structural damage. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.
Comprehensive insurance – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as vandalism, damage from getting keyed and theft. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Toyota Corolla.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.
When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced comprehensive coverage or liability limits and discovered at claim time they didn’t purchase enough coverage. The aim is to find the BEST coverage for the lowest price, not the least amount of coverage.
You just learned many tips how you can get a better price on 2013 Toyota Corolla insurance. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the best prices are with some of the smallest insurance companies. Regional companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.
Additional insurance information is available on the following sites: