2016 Toyota Corolla Insurance Quotes – 7 Tricks for Best Rates

Looking for lower car insurance rates? Shoppers have lots of choices when shopping for the best price on Toyota Corolla insurance. They can either waste time struggling with agents to compare prices or save time using the internet to get rate quotes. There are more efficient ways to shop for car insurance and we’ll show you the best way to compare rates for a Toyota and locate the best price possible from both online companies and local agents.

Discounts can really help save money

Insuring your fleet can be pricey, but there’s a good chance there are discounts to help offset the cost. Some discounts apply automatically at the time of quoting, but some may not be applied and must be asked for prior to getting the savings.

  • Multiple Vehicles – Drivers who insure several vehicles with one company can get a discount on all vehicles.
  • No Charge for an Accident – This one is not really a discount per se, but some insurance companies will allow you to have one accident without raising rates if you are claim-free for a set time period.
  • Discount for Low Mileage – Maintaining low annual mileage may allow you to get discounted prices on garaged vehicles.
  • Driver’s Education for Students – Require your teen driver to take driver’s ed class as it will make them better drivers and lower rates.
  • Safe Driver Discounts – Drivers without accidents could pay up to 40% less for Corolla coverage compared to rates paid by drivers with frequent claims.
  • Payment Method – If paying your policy premium upfront rather than paying in monthly installments you can avoid the installment charge.
  • Anti-theft System – Cars optioned with advanced anti-theft systems prevent vehicle theft and earn discounts up to 10% off your insurance quote.

It’s important to note that many deductions do not apply the the whole policy. The majority will only reduce individual premiums such as liability, collision or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, nobody gets a free ride. But all discounts will lower your premiums.

A few companies that have many of the previously listed discounts include:

Before you buy a policy, ask all companies you are considering how many discounts you can get. Some discounts listed above may not be available in your area. To see insurers that have a full spectrum of discounts, click here to view.

Save $441 a year! What?

Consumers constantly see and hear ads that claim the cheapest premium rates from the likes of State Farm and Allstate. All the ads have a common claim that you’ll save big just by moving to them.

How does every insurance coverage company offer drivers better rates? It’s all in the wording.

Insurance providers can use profiling for the type of customer that will be a good risk. One example of a profitable customer may be over the age of 35, has no claims, and drives a vehicle with a low ISO rating. Any person that hits that “sweet spot” will most likely get cheap prices and is almost guaranteed to save some money.

Insureds who don’t qualify for those standards may receive more expensive rates with the end result being business going elsewhere. The ad wording is “drivers that switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way insurance companies can make those claims. Because of the profiling, you need to do a quote comparison often. It’s impossible to know the company that will be your best fit.

Will just any policy work for me?

When it comes to buying the best car insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every insured’s situation is different.

For example, these questions can aid in determining whether you would benefit from an agent’s advice.

  • Do I benefit by insuring my home with the same company?
  • Are all vehicle passengers covered by medical payments coverage?
  • Who is covered by my policy?
  • Is pleasure use cheaper than using my 2016 Toyota Corolla to commute?
  • What is PIP insurance?
  • When should I not file a claim?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.

Coverages available on your auto insurance policy

Knowing the specifics of your policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, backing into a parked car, colliding with a tree, crashing into a ditch and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like falling objects, rock chips in glass and hail damage. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability insurance

This coverage can cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims like legal defense fees, funeral expenses, pain and suffering, structural damage and court costs. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses like funeral costs, chiropractic care, pain medications and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Toyota Corolla.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Saving money makes a lot of cents

People switch companies for many reasons like poor customer service, denial of a claim, delays in responding to claim requests or high prices. It doesn’t matter why you want to switch finding the right auto insurance provider is actually quite simple.

When getting insurance quotes online, it’s a bad idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped full coverage and found out when filing a claim that they should have had better coverage. The aim is to purchase plenty of coverage at the lowest possible cost while still protecting your assets.

We just showed you many tips how you can lower your 2016 Toyota Corolla insurance rates. It’s most important to understand that the more you quote insurance, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a smaller regional carrier.

More tips and info about auto insurance is located at these sites: