1998 Toyota Corolla Insurance Quotes – 10 Discounts for Best Rates

Looking for lower auto insurance rates for your Toyota Corolla? Are you confused by the dozens of auto insurance company choices? You’re not the only one! People have so many options that it can easily become a real hassle to compare prices.

Consumers need to get comparison quotes at least once a year because rates fluctuate regularly. Just because you found the best price on Corolla insurance two years ago there may be better deals available now. There is a lot of bad advice regarding auto insurance online, so I’m going to show you some excellent ideas to quit paying high auto insurance rates.

Take advantage of discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not even be aware of. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be manually applied before they will apply.

  • Club Memberships – Belonging to a qualifying organization could trigger savings when buying insurance on Corolla insurance.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Resident Student – Kids in college who are attending college and do not have a car can be insured at a reduced rate.
  • Government Employees – Simply working for the federal government could cut as much as 10% off on Corolla insurance with select insurance companies.
  • No Accidents – Drivers who don’t have accidents pay much less when compared with bad drivers.
  • New Car Discount – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
  • Multi-car Discount – Buying coverage for more than one vehicle with the same company qualifies for this discount.
  • Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you will save at least 10% off all policies.
  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Corolla insurance than their less cautious counterparts.

Keep in mind that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because you may think you can get free auto insurance, it doesn’t quite work that way. Any qualifying discounts will cut your overall premium however.

To see a list of companies who offer insurance discounts, click here to view.

The best way we recommend to compare rates is to understand most larger insurance companies pay for the opportunity to give free rates quotes. All consumers are required to do is provide a little information including how much school you completed, whether the vehicles are used for commuting, which vehicles you own, and how many miles driven. The rating information gets sent immediately to multiple car insurance providers and they return cost estimate almost instantly.

How to know if you need help

When buying the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Every situation is different.

These are some specific questions may help highlight whether or not you may require specific advice.

  • Can my teen drive my company car?
  • Do I need replacement cost coverage?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does my liability insurance cover pulling a trailer or camper?
  • Am I covered when driving in Canada or Mexico?
  • When should I buy a commercial auto policy?
  • Why am I required to get a high-risk car insurance policy?
  • Can I afford to buy a different vehicle if my 1998 Toyota Corolla is totaled?

If you don’t know the answers to these questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form.

Parts of your auto insurance policy

Learning about specific coverages of auto insurance can help you determine the best coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Auto liability insurance – This provides protection from damages or injuries you inflict on a person or their property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, repair costs for stationary objects, legal defense fees and funeral expenses. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Comprehensive (Other than Collision) – This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, vandalism, theft and a broken windshield. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as colliding with a tree, crashing into a building, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Medical expense insurance – Med pay and PIP coverage reimburse you for immediate expenses for EMT expenses, doctor visits, chiropractic care, rehabilitation expenses and X-ray expenses. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Toyota Corolla.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Don’t break the bank

As you shop your coverage around, do not reduce needed coverages to save money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits only to find out that they should have had better coverage. The proper strategy is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

People who switch companies do it for a number of reasons such as delays in responding to claim requests, delays in paying claims, poor customer service or high prices. It doesn’t matter why you want to switch finding a new company is pretty simple and you could end up saving a buck or two.

Cheap 1998 Toyota Corolla insurance can be purchased from both online companies in addition to many insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance providers do not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

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