2006 Toyota Corolla Car Insurance Quotes – 6 Tricks for Best Rates

Tired of paying out the nose each month for car insurance? You are no different than many other drivers. Lots of insurance companies contend to insure your vehicles, and because of this it can be hard to compare insurers and get the best coverage at the best rate

The method we recommend to compare insurance rates in your area is to know the trick almost all companies pay for the opportunity to provide you with a free rate quote. The one thing you need to do is provide the companies a bit of rating information such as how many miles driven, coverage limits, an estimate of your credit level, and whether you drive to work or school. That information is instantly submitted to multiple top-rated companies and they return cost estimate almost instantly.

To start a quote now, click here and enter the information requested.

Take these six discounts and save

Car insurance companies don’t always advertise every available discount very well, so here is a list both well-publicized and also the lesser-known savings tricks you should be using. If you don’t get every credit possible, you are throwing money away.

  • Club Memberships – Being a member of a professional or civic organization could qualify you for a break when buying insurance coverage on Corolla insurance.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount on Corolla insurance with a few insurance coverage companies.
  • Sign Early and Save – A few companies offer discounts for signing up before your current policy expires. It can save you around 10%.
  • 55 and Retired – If you’re over the age of 55, you may be able to get a discount up to 10% on Corolla insurance.
  • Payment Method – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • College Student – Kids in college who are attending college and don’t have a car can receive lower rates.

It’s important to understand that most discount credits are not given to the overall cost of the policy. The majority will only reduce individual premiums such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.

For a list of insurance companies offering insurance coverage discounts, click here.

Which policy gives me the best coverage?

When it comes to choosing adequate coverage for your vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions may help you determine whether your personal situation might need professional guidance.

  • How do I buy GAP insurance?
  • Will filing a claim cost me more?
  • Do I pay less if my vehicle is kept in my garage?
  • Does insurance cover tools stolen from my truck?
  • Where can I find DUI or SR-22 insurance?
  • Am I covered when pulling a rental trailer?
  • Is extra glass coverage worth it?
  • Does my policy cover my teen driver if they drive my company car?
  • What is covered by UM/UIM coverage?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and you can get the answers you need.

Insurance coverages and their meanings

Understanding the coverages of your policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with a tree, scraping a guard rail, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Toyota Corolla.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Medical expense insurance

Med pay and PIP coverage pay for short-term medical expenses for funeral costs, pain medications, hospital visits and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability coverages

Liability insurance will cover damage or injury you incur to other people or property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for claims like pain and suffering, medical expenses and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance 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 things like hail damage, a broken windshield, theft, vandalism and falling objects. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

In Summary

We’ve covered a lot of tips how to shop for 2006 Toyota Corolla insurance online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even find the lowest priced car insurance comes from the smaller companies. They may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.

Cheaper insurance is attainable from both online companies in addition to many insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance providers do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, you should never skimp on critical coverages to save a buck or two. There have been many situations where someone dropped full coverage and learned later they didn’t have enough coverage. The proper strategy is to find the BEST coverage for the lowest price while still protecting your assets.

Much more information about car insurance is available at the links below