1995 Toyota Corolla Car Insurance Quotes

Looking for the cheapest car insurance rates for your Toyota Corolla? Finding the cheapest insurance for a new or used Toyota Corolla can turn out to be a lot of work, but you can learn these tips to make it easier. There are more efficient ways to find car insurance online and we’ll show you the proper way to price shop coverage for a Toyota and locate the cheapest rates from both online companies and local agents.

Auto Insurance Comparisons

Getting better 1995 Toyota Corolla auto insurance pricing isn’t really that difficult. Consumers just need to take a few minutes getting comparison quotes online with multiple companies. This can be accomplished in a couple of different ways.

  1. One of the best ways to find the lowest comparison rates is a comparison rater form (click to open form in new window). This type of form eliminates the need for repetitive form submissions for every auto insurance company. A single form gets you coverage quotes direct from many companies. Recommended for those who want to invest the least amount of time.
  2. Another way to analyze rates requires a visit to each company website and complete a new quote form. For sake of this example, we’ll pretend you want rates from State Farm, Farmers and American Family. To get each rate you have to visit each site to input your insurance information, and that’s why the first method is more popular.

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

  3. The hardest way to compare rates is to drive around to different agent offices. Buying insurance online has reduced the need for local agents unless you have a need for the professional advice only provided by licensed agents. It is possible to compare online quotes and get advice from an agent in your area and we’ll touch on that later.

It’s up to you how you get prices quotes, just ensure you’re using identical coverages and limits with every price quote. If the quotes have differing limits you can’t possibly make an equal comparison.

Don’t be fooled by advertising claims

Consumers can’t ignore all the ads for car insurance savings from the likes of State Farm, Allstate and GEICO. They all have a common claim of big savings if you switch your coverage to them.

But how can every company make almost identical claims? It’s all in the numbers.

All companies can use profiling for the driver they prefer to insure. For instance, a desirable insured might be over the age of 50, has no prior claims, and has a short commute. Any new insured who fits that profile will get very good rates and therefore will pay quite a bit less when switching companies.

Consumers who do not match these standards will be charged higher rates and ends up with the driver buying from a lower-cost company. The ad wording is “customers that switch” not “everyone that quotes” save that much money. That is how insurance companies can make those claims. That is why it is so important to compare as many rates as you can. You cannot predict which insurance coverage company will give you the biggest savings on Toyota Corolla insurance.

Elements that influence Toyota Corolla insurance rates

Consumers need to have an understanding of the different types of things that come into play when calculating the price you pay for auto insurance. Knowing what influences your rates empowers consumers to make smart changes that can help you get big savings.

  • Never let your coverage lapse – Having an insurance coverage lapse will be a guaranteed way to bump up your auto insurance costs. And not only will your rates increase, getting caught without coverage will get you a steep fine or even jail time.
  • Keep rates low by being claim-free – Car insurance companies award lower rates to insureds who do not file claims often. If you frequently file small claims, you can look forward to either higher rates or even cancellation. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Protect yourself with liability coverage – Liability coverage is the coverage that protects you if ever a jury decides you are liable for damages from an accident. Liability provides for a legal defense starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so do not skimp.
  • Drive less and save money – The higher the mileage driven every year the higher your rates will be. The majority of insurers rate vehicles determined by how the vehicle is used. Autos left parked in the garage receive lower rates than those used for commuting. Improper usage on your Corolla may be costing you. Make sure your auto insurance declarations sheet properly reflects the correct usage for each vehicle, because improper ratings can cost you money.
  • More than one policy can earn a discount – Most insurance companies will give a discount to people who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible. You may still be able to find better rates by buying auto insurance from a different company.
  • Safer cars are cheaper to insure – Safer cars can get you lower premiums. These vehicles result in less severe injuries and better occupant protection means lower claim amounts and more competitive rates for policyholders. If the Toyota Corolla scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Your car’s features help determine rates – Choosing a vehicle with anti-theft technology or alarm system can save you a little every year. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Extra add-on coverages are wasting money – There are a lot of add-on coverages that you can get tricked into buying if you aren’t careful. Insurance for personal injury protection, accidental death and term life insurance may be wasting your money. These may sound like a good investment when you first buy your policy, but if they’re wasting money eliminate the coverages to reduce your premium.

Cut your insurance coverage rates with discounts

Companies offering auto insurance do not list all their discounts very well, so we break down some of the more common and the harder-to-find insurance coverage savings. If you don’t get every credit possible, you are throwing money away.

  • New Vehicle Savings – Adding a new car to your policy is cheaper compared to insuring an older model.
  • Memberships – Belonging to a professional or civic organization could qualify you for a break when buying insurance coverage for Corolla insurance.
  • Life Insurance Discount – Select insurance companies reward you with lower rates if you buy life insurance from them.
  • Resident Student – Youth drivers who are attending college without a vehicle on campus may qualify for this discount.
  • Accident Waiver – A handful of insurance companies allow you one accident before your rates go up if you are claim-free prior to the accident.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you could save 5% or more.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance coverage policy may reduce the rate for each vehicle.

It’s important to note that most of the big mark downs will not be given the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. Even though it may seem like you could get a free insurance coverage policy, companies don’t profit that way.

Companies that possibly offer some of the above discounts are:

Before buying, ask each company how you can save money. Savings may not apply in your state.

You are unique and your insurance should be too

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

These are some specific questions might point out whether you could use an agent’s help.

  • Do I need replacement cost coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • What exactly is covered by my policy?
  • Does car insurance cover theft of personal property?
  • Is my teen driver covered when they drive my company car?
  • What if I don’t agree with a claim settlement offer?
  • How can I get high-risk coverage after a DUI?
  • Will filing a claim cost me more?
  • How high should my uninsured/underinsured coverage be in my state?
  • Are my friends covered when driving my car?

If it’s difficult to answer those 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. It is quick, free and can help protect your family.

Auto insurance coverage specifics

Knowing the specifics of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Coverage for collisions

This coverage covers damage to your Corolla resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a ditch, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive auto coverage

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as theft, hitting a deer and a broken windshield. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for bills for hospital visits, prosthetic devices, pain medications and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Toyota Corolla.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability coverage

Liability insurance will cover injuries or damage you cause to people or other property. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage pays for claims such as repair costs for stationary objects, pain and suffering, medical expenses, court costs and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Shop smart and save

Throughout this article, we presented many ideas to save on 1995 Toyota Corolla insurance. The most important thing to understand is the more providers you compare, the better likelihood of reducing your rate. Consumers may even find the best price on insurance coverage is with the least-expected company.

Insureds change insurance companies for many reasons like delays in paying claims, being labeled a high risk driver, questionable increases in premium and high prices. Regardless of your reason, finding a new company is not as hard as you think.

As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. In too many instances, someone dropped uninsured motorist or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

Much more information about insurance coverage can be found on the following sites: