Vehicles > Toyota > Corolla

Toyota Corolla Insurance Rates

Shopping for car insurance online saves time, is easy to do, in addition you will probably save money. The key to finding lower rates is to compare rates from as many companies as possible so you can get all your choices.

Comparing car insurance rates direct online can be complicated if you are a beginner to online rate quotes. Don't let that stop you because there is an easy way to compare rates. To find the best car insurance prices, there are several ways to get quotes from local car insurance companies. The fastest way to find competitive Corolla insurance quotes consists of shopping online. This is very easy and can be done by completing this short form.

Criteria which help determine your insurance rates

Insurance rates for your Toyota Corolla will vary greatly and are calculated by many factors. A few of these criteria are:

  • Tickets increase premiums
  • Your credit history
  • Where you reside can make a big difference
  • High miles vs. low miles
  • Men typically pay more than women
  • Low deductibles cost more
  • NTSB crash rating for your vehicle
  • Your profession
  • Your coverage level
  • Owning a home can lower rates

One last important factor that will help determine the rate you pay on your Toyota is the year of manufacture. Older cars and trucks have a much lower replacement value so the payout to repair may end up costing you less. On the flip side, more recent Toyota vehicles may have options like lane departure warning system, traction control, and autonomous braking so those may give discounted rates.

For you to have a better understanding of how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Liability coverage

This will cover injuries or damage you cause to other's property or people by causing an accident. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so purchase as much as you can afford.

Auto collision coverage

Collision coverage will pay to fix damage to your Toyota resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It's also possible to choose a higher deductible to get cheaper Corolla insurance rates.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when other motorists are uninsured or don't have enough coverage. Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like ambulance fees, surgery, and doctor visits. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are Toyota Corolla Insurance Rates?