2010 Toyota Corolla Car Insurance Rates – 7 Tricks for Cheapest Quotes

No one in their right mind looks forward to paying for insurance, especially when their premiums are through the roof.

Companies like GEICO, Farmers Insurance and State Farm constantly blast consumers with advertising and it is challenging if not impossible to not get sucked in by the cute commercials and do the work needed to find the best deal.

These seven discounts can slash auto insurance rates

Insuring your fleet can be pricey, but discounts can save money and there are some available that you may not even be aware of. Some discounts apply automatically at the time you complete a quote, but some must be requested specifically in order for you to get them.

  • Fewer Miles Equal More Savings – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.
  • No Charge for an Accident – Certain companies allow you one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
  • Save with a New Car – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
  • No Claims – Claim-free drivers pay less when compared to accident-prone drivers.
  • Service Members Pay Less – Having a deployed family member may qualify for rate reductions.
  • Memberships – Affiliation with a qualifying organization may earn a discount on your policy for Corolla insurance.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and will save you 10% or more.

Consumers should know that most credits do not apply to all coverage premiums. Most cut specific coverage prices like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce your overall premium however.

To see a list of insurers who offer auto insurance discounts, follow this link.

How to Compare Auto Insurance Costs

There are a lot of ways to compare auto insurance quotes, and some are more efficient than others. You can waste a lot of time talking to insurance companies in your area, or you can stay home and use the web to get the quickest rates.

All the larger companies take part in a program that enables customers to submit one quote, and each company returns a rated price based on the submitted data. This system prevents you from having to do repetitive form submissions for each company. To find out how much you’re overpaying now click here to open in new window.

The one downside to doing it this way is you don’t know exactly which companies to receive prices from. So if you want to choose specific providers to request quotes from, we have a page of auto insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just make darn sure you compare identical coverage information on every quote. If your comparisons have higher or lower deductibles it’s not possible to truly determine the lowest rate. Quoting even small variations in coverages can make a big difference in price. Keep in mind that more quotes provides better odds of finding the best rates.

When might I need the advice of an agent?

When it comes to choosing proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions can aid in determining whether or not you will benefit from professional help.

  • Does liability extend to a camper or trailer?
  • When should I not file a claim?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I buy full coverage?
  • Is there coverage for injuries to my pets?
  • Do I need more liability coverage?
  • Do I need replacement cost coverage?
  • Am I insured when driving a different vehicle?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area.

Car insurance coverage basics

Having a good grasp of your policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types offered by car insurance companies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for ambulance fees, prosthetic devices and surgery. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hitting a bird, vandalism, damage from a tornado or hurricane and fire damage. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverage

This will cover damage that occurs to other’s property or people 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. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like attorney fees, legal defense fees, bail bonds and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Auto collision coverage

This coverage covers damage to your Corolla resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as hitting a mailbox, crashing into a ditch, hitting a parking meter, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Spend less. Save more.

We covered a lot of information how to reduce 2010 Toyota Corolla insurance prices online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even discover the best price on auto insurance is with a small mutual company. They can often provide lower rates in certain areas than their larger competitors like Progressive or GEICO.

Cheap insurance is available on the web in addition to many insurance agents, so compare prices from both to have the best rate selection. Some companies do not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

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