2003 Toyota Corolla Insurance Quotes

Having to pay for high-priced Toyota Corolla insurance can consume your checking account and make it tough to pay other bills. Companies like State Farm, Geico and Farmers Insurance increase brand awareness with TV and radio ads and it is difficult to ignore the propoganda and find the best price available.

Consumers should take time to do price comparisons once or twice a year because rates trend upward over time. Just because you found the best premium rates on Corolla insurance two years ago other companies may now be cheaper. Block out anything you think you know about auto insurance because it’s time to teach you how to quote online to save money, get proper coverage and the best rates.

How to compare auto insurance rate quotes

There are a variety of methods to shop for auto insurance, but some are more efficient than others. You can waste a lot of time talking about coverages with agents in your area, or you could use the internet to get pricing more quickly.

All the larger companies participate in a marketplace where prospective buyers submit one quote, and each participating company then gives them pricing based on the submitted data. This system prevents you from having to do quote forms to each individual auto insurance company.

To get comparison pricing now click here (opens in new window).

The single downside to using this type of form is buyers cannot specifically choose which companies to get pricing from. So if you want to choose individual companies to receive pricing from, we have a page of companies who write auto insurance in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just make sure you use the same coverage limits and deductibles on every price quote you get. If you compare different limits and deductibles on each one it’s impossible to truly determine the lowest rate.

Tailor your auto insurance coverage to you

When it comes to buying the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions can help discover whether or not you may require specific advice.

• Do all my vehicles need collision coverage?
• Am I better off with higher deductibles on my 2003 Toyota Corolla?
• Is my teen driver covered when they drive my company car?
• Do I need replacement cost coverage?
• Why am I required to get a high-risk car insurance policy?
• Is my dog or cat covered if injured in an accident?
• Do I need to file an SR-22 for a DUI in my state?
• Am I covered when renting a car or should I buy coverage from the car rental agency?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.

Car insurance coverages for a Toyota Corolla

Learning about specific coverages of your policy aids in choosing the right coverages for your vehicles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on most auto insurance policies.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix 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 can pay for claims like damage from flooding, hail damage, a tree branch falling on your vehicle, hitting a deer and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2003 Toyota Corolla.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these limits are identical to your policy’s liability coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like dental work, funeral costs, pain medications, doctor visits and prosthetic devices. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Collision protection

Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like rolling your car, crashing into a ditch, colliding with a tree and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for liability

Liability insurance protects you from damage that occurs to other people or property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability insurance covers claims like repair bills for other people’s vehicles, attorney fees, emergency aid, funeral expenses and court costs. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.