Lower Your 2008 Toyota Corolla Car Insurance Rates

Comparison shopping for cheap car insurance could be frustrating for drivers who are beginners to online insurance quotes. Drivers have so many different companies and agents to choose from that it can easily be a difficult situation to find cheaper car insurance rates.

Shop insurance online

When shopping for insurance there are multiple ways to compare prices from many available insurance companies in your state. The quickest method to compare rates is simply to get online rate quotes. It is quite easy and can be accomplished in a couple of different ways.

1. The most efficient way to get quotes for comparison would be an industry-wide quote request form click here to open form in new window. This form prevents you from having to do repetitive form entry for each company you want a rate for. One form submission will return quotes from multiple low-cost companies.It’s the quickest way to get rates.
2. A less efficient way to find better pricing is going to each company’s website and go through the quote process again. For examples sake, we’ll assume you want rates from Nationwide, 21st Century and Progressive. To get each rate you have to spend time on each company’s site and repeatedly enter your information, which is why the first method is more popular.

   To view a list of companies in your area, click here.

It’s your choice how you get your quotes, but be sure you’re using equivalent coverage data for each quote you get. If the quotes have mixed coverages you will not be able to make a fair rate comparison. Having just a slight variation in insurance coverages or limits may result in large price differences. Just remember that comparing a wide range of rates helps improve the odds of finding the best offered rates. Some regional insurers cannot provide rate quotes online, so it’s important to compare rates from them, too.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Take advantage of these premium-slashing discounts

Car insurance is easily one of your largest bills, but there are discounts available that can drop the cost substantially. Certain discounts will be triggered automatically when you complete an application, but some discounts are required to be specially asked for prior to receiving the credit.

• Auto/Life Discount – Larger insurance carriers have a lower price if you buy a life policy as well.
• New Car Discount – Putting coverage on a new car can be considerably cheaper since new model year vehicles have better safety ratings.
• Responsible Driver Discount – Drivers without accidents may save up to 50% more on Corolla coverage than drivers with accidents.
• Save over 55 – Mature drivers may qualify for a discount up to 10% on Corolla coverage.
• Early Switch Discount – A few larger companies offer discounts for buying a policy before your current policy expires. You may see this discount when you get auto insurance quotes online.
• Payment Method – If you pay your entire premium ahead of time rather than paying in monthly installments you could save up to 5%.
• Braking Control Discount – Cars and trucks with anti-lock braking systems prevent accidents and the ABS can save up to 10%.

You should keep in mind that many deductions do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as medical payments or collision. Just because you may think all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

The best car insurance companies and some of the discounts are detailed below.

• State Farm includes discounts for defensive driving training, safe vehicle, anti-theft, good driver, Drive Safe & Save, and Steer Clear safe driver discount.
• Geico has savings for defensive driver, emergency military deployment, anti-theft, good student, driver training, and multi-vehicle.
• SAFECO may have discounts that include drive less, teen safe driver, bundle discounts, teen safety rewards, anti-lock brakes, safe driver, and anti-theft.
• Farmers Insurance discounts include pay in full, electronic funds transfer, distant student, business and professional, early shopping, youthful driver, and homeowner.
• AAA policyholders can earn discounts including pay-in-full, good driver, multi-policy, multi-car, and good student.
• USAA offers discounts for good student, vehicle storage, driver training, safe driver, multi-vehicle, family discount, and defensive driver.

It’s a good idea to ask every insurance company which discounts can lower your rates. Some discounts may not apply in every state. To see a list of car insurance companies that provide some of the discounts listed above, click here.

Do I need special coverages?

When it comes to choosing the best car insurance coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether you could use an agent’s help.

• Does my policy cover me when driving someone else’s vehicle?
• Why am I be forced to buy a membership to get insurance from some companies?
• When does my teenage driver need to be added to my policy?
• What is the rate difference between pleasure use and commuting?
• Should I have a commercial auto policy?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Am I covered if I crash into my own garage door?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

What impacts Toyota Corolla insurance premiums?

Multiple criteria are part of the calculation when pricing auto insurance. Some factors are common sense such as your driving record, but some are less obvious such as your marital status or how safe your car is.Part of the car insurance buying process is learning the rating factors that are used to determine the price you pay for car insurance. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels.

• Cheaper rates by combining – Most major companies allow a discount to policyholders that have more than one policy, otherwise known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to shop around to confirm you are receiving the best rates possible. You may still be able to save even more even if you insure with multiple companies
• Females tend to be lower risk – Over the last 30 years, statistics show that females tend to be a little less risky than males. It does not mean women are better drivers. Both sexes tend to get into fender benders in similar percentages, but the males get into accidents with more damage. Men also statistically get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Young men ages 16 to 20 tend to get in the most accidents and therefore pay the highest rates.
• Expect high rates for teens – Teen drivers tend to be careless and easily distracted when behind the wheel therefore car insurance rates are much higher. Older drivers are more cautious drivers, file fewer claims , and are generally more financially stable.
• Pay more of a claim out-of-pocket – Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Toyota from damage. Some examples of covered claims would be colliding with a building, vandalism, and burglary. Your deductibles are the amount of money you are willing to pay before your car insurance pays a claim. The more of the claim you choose to pay out-of-pocket, the lower your rates will be on Corolla coverage.
• Drivers with responsible credit save on car insurance – Having a bad credit history is a big factor in determining premium rates. Drivers who have high credit ratings tend to be better risks to insure than drivers with lower credit scores. If your credit is lower than you’d like, you could potentially save money when insuring your 2008 Toyota Corolla if you clean up your credit.
• Rates increase with driving citations – Your driving citation history impacts premiums far more than you think. Careful drivers get better prices as compared to those with violations. Having a single speeding ticket or other violation can increase the cost of insurance twenty percent or more. People who have careless violations like reckless driving or DUI may need to maintain a SR-22 with their state in order to prevent a license revocation.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Car insurance specifics

Understanding the coverages of car insurance aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Liability coverages – Liability insurance can cover damages or injuries you inflict on other’s property or people. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims like pain and suffering, repair bills for other people’s vehicles, emergency aid, attorney fees and legal defense fees. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like rock chips in glass, fire damage, hail damage, vandalism and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your 2008 Toyota Corolla.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Medical costs insurance – Med pay and PIP coverage pay for short-term medical expenses such as funeral costs, prosthetic devices, rehabilitation expenses, pain medications and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover all vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Collision – Collision insurance pays to fix your vehicle from damage caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Knowledge is power

There are still a few companies who may not have internet price quotes and most of the time these regional carriers prefer to sell through independent insurance agencies. Low-cost 2008 Toyota Corolla insurance can be purchased on the web and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture.

We just covered some good ideas how you can save on 2008 Toyota Corolla insurance. The most important thing to understand is the more you quote auto insurance, the better likelihood of getting cheap auto insurance. Consumers could even find that the lowest priced insurance comes from the least-expected company.

While you’re price shopping online, do not skimp on coverage in order to save money. There are many occasions where an insured cut comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The goal is to get the best coverage possible at an affordable rate, not the least amount of coverage.

Additional articles

• Drunk Driving Statistics (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)
• Car Insurance FAQ (Trusted Choice)
• Teen Driving Statistics (Geico)
• Car Insurance: When not to Skimp (BankRate.com)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption