2003 Toyota Corolla Insurance Quotes – 8 Tips for Cheaper Rates

Are you tired of trying to scrape together enough money each month for car insurance? You’re in the same situation as many other drivers. Many insurers vie to insure your vehicles, so it’s not easy to compare every insurance company and get the definite best rates possible.

It’s important to compare prices before your policy renews since rates change quite often. If you had the best rates on Corolla coverage on your last policy there may be better deals available now. Block out anything you think you know about car insurance because we’re going to demonstrate one of the best ways to find the best coverage while lowering your premiums.

If you have a current insurance policy or need a new policy, you can learn to reduce the price you pay and still get good coverage. Buying car insurance is not that difficult. Drivers just need to learn the most efficient way to compare company rates on the web.

Discounts to lower Toyota Corolla insurance rates

Car insurance companies do not advertise every available discount very clearly, so here is a list some of the more common as well as the least known ways to save on auto insurance. If you’re not getting every credit you deserve, you are paying more than you should be.

  • One Accident Forgiven – A handful of insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance.
  • Claim Free – Good drivers with no accidents pay less compared to frequent claim filers.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
  • Use Seat Belts – Requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
  • 55 and Retired – Older drivers can possibly qualify for better auto insurance rates on Corolla coverage.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less on Corolla coverage than their less cautious counterparts.
  • Paperless Signup – A handful of insurance companies give back up to $50 simply for signing digitally online.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think you could get a free auto insurance policy, it doesn’t quite work that way.

Companies that may offer these discounts include:

Before buying, ask each company which discounts they offer. Discounts may not be available in every state.

Tailor your coverage to you

When choosing the best insurance coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that might help in determining if you might need professional guidance.

  • When should my teen driver be added to my policy?
  • What should my uninsured motorist coverage limits be in my state?
  • How can I get high-risk coverage after a DUI?
  • Exactly who is provided coverage by my policy?
  • What is roadside assistance coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What is covered by UM/UIM coverage?
  • What if I owe more than I can insure my car for?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Do insurance companies bend the truth?

Drivers get pounded daily by advertisements for the lowest price auto insurance by GEICO, State Farm and Progressive. They all seem to say the same thing that you can save if you move to their company.

How do they all say the same thing? This is how they do it.

Insurance companies have a preferred profile for the type of customer they prefer to insure. For instance, a preferred risk might be over the age of 40, owns a home, and has a high credit rating. Any new insured who matches those parameters will qualify for the lowest rates and as a result will probably save when they switch companies.

Drivers who do not match the “perfect” profile must pay higher premiums and ends up with business not being written. The ad wording is “customers who switch” not “everyone that quotes” save that kind of money. That’s the way companies can make those claims. This illustrates why you absolutely need to get quotes from several different companies. Because you never know the company that will have the lowest Toyota Corolla insurance rates.

Auto insurance coverage information

Having a good grasp of a car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most car insurance policies.

Coverage for liability

Liability insurance protects you from damage or injury you incur to a person or their property that is your fault. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage protects against claims like medical services, funeral expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Collision coverage

This will pay to fix damage to your Corolla caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like sustaining damage from a pot hole, hitting a mailbox and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Comprehensive car insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as theft, a broken windshield, rock chips in glass and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for expenses such as nursing services, prosthetic devices and rehabilitation expenses. They are often used in conjunction with a health insurance program or if you do not have health coverage. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Toyota Corolla.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

More quotes mean more savings

Cost effective 2003 Toyota Corolla insurance can be purchased both online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. A few companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

We’ve covered some good ideas how to get a better price on insurance. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the best price on auto insurance is with an unexpected company. These companies can often insure niche markets at a lower cost compared to the large companies like Progressive or GEICO.

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