Insure Your Toyota Corolla For Less Than You Are Paying Now
If comparing car insurance was easy, most of us would do it more often. But it's actually not a real enjoyable process for the majority of people and we always seem to end up paying too much. Finding insurance for your Toyota Corolla that you can actually afford is probably no different.
Step One: Compare Multiple Rates
The antiquated method of shopping for car insurance included a high pressure visit to the office of your local insurance agent. Not anymore!
Comparing insurance rates for a Toyota Corolla only require you to enter your information once. You'll receive multiple quotes and can easily compare rates.
To compare rates now, have your current policy handy (if you have one) and click the link below. Complete the short form and move on to step two.
Quote Tip! In order to accurately compare rates for your Corolla, it's critical that you use the same limits and deductibles for liability and physical damage coverages like comprehensive and collision. If you use different limits, you will not be able to accurately compare rates between carriers.
Step Two: Best Ways to Lower your Corolla Insurance Cost
After completing step one above, you can now learn some of the other ways to slash your Corolla insurance costs.
- How is your credit rating? The better credit you have, the less insurance will cost for your Corolla. If you have bad credit, work on improving your credit score and repair past credit problems.
- If you think the only financial impact of a speeding ticket is a fine and court costs, think again. Insurance companies will raise your rates for up to three years for a single ticket.
- Bundling your auto and home insurance with the same company can often get you a discount, and just being a homeowner in itself will get you a lower rate.
- Teen drivers have a tendancy to learn the hard way when driving, and that means having a few fender-benders. Rating them on a high profile newer vehicle can be very expensive so you might consider buying an older model vehicle for them to drive and only insure it with liability coverage.
- If switching companies, always have the effective date of the new policy be identical to the expiration date on the old policy. This prevents a lapse in coverage and companies charge higher rates if you have any lapses.
- Try to maintain a claim-free discount on your car insurance policy. Obviously you can't prevent large claims, but if they are smaller and you can afford to pay them out-of-pocket, do so.
- Consider taking a defensive driving course. You can often make up the cost of the course in as little as a single policy renewal.
- If your vehicle comes with safety features such as electronic stability control, head restraints, all-wheel drive or air bags, these all help keep insurance costs down by helping reduce accident injuries.
- If you belong to a professional organization for your employment, you may qualify for a discount rate. And if you're a senior citizen, you may get a discount for your age as well.
- Vehicle thefts drive up the cost of everyone's insurance, but if your Corolla is on the list of the most frequently stolen cars, you might be paying just a little extra.
- Higher deductibles save money. If you can afford to pay a larger portion of a comprehensive or collision claim, you will pay substantially less for those coverages if you increase your deductibles to $500 or even $1,000.
Step Three: Bind Coverage and Cancel your Old Policy
Purchasing an insurance policy is more than just clicking a button. You need to have funds available to make payment and you need to be sure that the coverages are adequate for your personal situation.
If you didn't have a prior policy, then you can make the new policy effective any time. But if you're moving bewteen companies and don't want a lapse in coverage, make sure the effective date of the new policy is exactly the same as the cancellation date of the old policy.
If you are adding a vehicle to an existing policy and not buying a new one, just make sure to get the vehicle added as soon as possible. Every insurance company offers a grace period to add new vehicles, so make sure you get the Toyota added prior to the expiration of this grace period. Be sure to have a new policy ready to go if you are buying a new Corolla. If you've never had car insurance or don't have a policy now, you won't have any protection on the vehicle until you add it to your policy.
All states require you to keep the proof-of-insurance or financial responsibility card in your vehicle at all times. Failure to produce this document can result in a citation. An SR-22 filing may be required by your state's DMV if you've been convicted of a serious driving offense such as DUI, DWI or reckless driving. If this applies to you, make sure the car insurance company complies with the SR-22 requirement.
Car Insurance Resources
To do more research on car insurance, visit the Insurance Information Institute website.