Save on 2002 Toyota Corolla Car Insurance Cost

Want better auto insurance rates for your Toyota Corolla? Scraping up a payment for overpriced Toyota Corolla insurance can take a big chunk out of your personal savings and force you to make sacrifices. Comparing price quotes is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.

Big companies like State Farm, Progressive and GEICO continually bombard you with TV and radio ads and it is difficult to avoid their marketing magic and take the time to shop coverage around.

If you currently have car insurance, you will be able to cut costs considerably using these techniques. Buying car insurance is quite easy. Although drivers must learn how big insurance companies price insurance differently and use this information to your advantage.

The quickest method to compare insurance rates from multiple companies is to take advantage of the fact most of the larger companies participate in online systems to give you rate quotes. The one thing you need to do is provide the companies a bit of rating information like how old drivers are, your credit rating estimate, marital status, and if it has an alarm system. Your insurance information gets transmitted to multiple different insurance companies and you get price estimates almost instantly.

To start a rate quote now, click here and see if a lower rate is available.

Don’t assume everyone needs the same coverage

When choosing coverage, there really is not a one size fits all plan. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that can help discover whether or not you would benefit from professional advice.

  • Why do I need rental car insurance?
  • Is there coverage for injuries to my pets?
  • Why am I required to buy liability insurance?
  • Will filing a claim cost me more?
  • Am I better off with higher deductibles on my 2002 Toyota Corolla?
  • Does my 2002 Toyota Corolla qualify for pleasure use?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.

Insurance coverages 101

Learning about specific coverages of a insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like EMT expenses, surgery and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Toyota Corolla.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time these coverages are set the same as your liablity limits.

Collision coverage – This coverage covers damage to your Corolla caused by collision 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 claims like damaging your car on a curb, scraping a guard rail, crashing into a building, rolling your car and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Comprehensive insurance – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, hitting a deer, hitting a bird and a broken windshield. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Liability – Liability insurance will cover damages or injuries you inflict on other people or property. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as repair bills for other people’s vehicles, court costs and attorney fees. How much coverage you buy is your choice, but you should buy as much as you can afford.