2010 Toyota Corolla Insurance Rates
Average insurance rates for a 2010 Toyota Corolla are $1,174 a year including full coverage. Comprehensive insurance costs approximately $206 a year, collision costs $350, and liability costs $460. Buying a liability-only policy costs as little as $510 a year, with high-risk insurance costing $2,540 or more. Teen drivers receive the highest rates at $4,598 a year or more.
Annual premium for full coverage: $1,174
Rate estimates for 2010 Toyota Corolla Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2010 Toyota Corolla models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range go from as low as $510 for just liability insurance to a high of $2,540 for high-risk insurance.
These differences highlight why it is important for drivers to compare rates using their specific location and risk profile, instead of using price averages.
Use the form below to get rates for your location.
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Recommended Companies for Cheap 2010 Toyota Corolla Insurance
Want cheaper car insurance rates? Drivers have lots of choices when trying to find affordable Toyota Corolla insurance. They can either spend hours struggling with agents getting price quotes or save time using the internet to get rate quotes. There is a better way to shop for car insurance and you need to know the best way to quote coverages for a Toyota and locate the lowest price from local insurance agents and online providers.
Choosing the best insurance company for you is not rocket science. If you are paying for car insurance now, you will be able to save some money using these techniques. Drivers just need to learn the proper methods to compare company rates on the web.
Insurance Quote Comparison
There are multiple methods to compare 2010 Toyota Corolla insurance quotes, but one way is less labor-intensive and much quicker. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you could save time and use online quoting to get rates in a matter of minutes.
Many companies enroll in a system that allows shoppers to submit one quote, and each company then returns a price quote determined by their information. This eliminates the need for form submissions for each company.
Recommended Companies for the Best Insurance Rates
To find out what other companies charge for 2010 Toyota Corolla insurance click to open in new window.
One minor caviat to comparing rates this way is you can’t choose the providers you will receive quotes from. So if you prefer to pick from a list of companies to compare rates, we have a listing of the cheapest insurance companies in your area. Click to view list.
Whichever method you choose, make darn sure you compare identical coverage limits on every quote. If the quotes have different values for each quote it will be impossible to make an equal comparison.
Discounts are available to cut your rates
Car insurance companies don’t always list every available discount very well, so we took the time to find both the well known and the harder-to-find savings tricks you should be using. If you don’t get every credit available, you are throwing money away.
- Distant Student – Any of your kids who are attending college and do not have access to a covered vehicle may be able to be covered for less.
- Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. The discount lasts well after school through age 25.
- Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
- Air Bag Discount – Factory air bags and/or automatic seat belt systems can receive discounts of more than 20%.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy qualifies for this discount.
- Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class in school.
It’s important to understand that most of the big mark downs will not be given to the entire cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way.
To see a list of companies with discount insurance rates, follow this link.
Everyone needs different coverages
When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.
For example, these questions can help discover whether you may require specific advice.
- I have good health insurance, so how much medical payments coverage do I need?
- Should I drop comprehensive coverage on older vehicles?
- Why do I need rental car insurance?
- Are rental cars covered under my policy?
- Are all vehicle passengers covered by medical payments coverage?
- Am I covered when driving on a suspended license?
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.
Learn about insurance coverages for a Toyota Corolla
Knowing the specifics of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.
Liability coverage – This coverage will cover damage or injury you incur to other people or property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged property.
Liability can pay for claims like medical services, medical expenses, funeral expenses and legal defense fees. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.
Coverage for medical expenses – Med pay and PIP coverage pay for immediate expenses for things like doctor visits, prosthetic devices, ambulance fees and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your 2010 Toyota Corolla.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things like a tree branch falling on your vehicle, a broken windshield, hitting a deer and hitting a bird. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Collision – This coverage covers damage to your Corolla from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like rolling your car, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Summing up your car insurance search
As you shop your coverage around, do not reduce needed coverages to save money. There have been many situations where an insured dropped full coverage and found out when filing a claim that it was a big mistake. Your aim should be to buy a smart amount of coverage for the lowest price while still protecting your assets.
People leave their current company for any number of reasons including extreme rates for teen drivers, unfair underwriting practices, questionable increases in premium or an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right car insurance provider is not as difficult as it may seem.
Affordable 2010 Toyota Corolla insurance is definitely available from both online companies and with local insurance agents, so compare prices from both to have the best chance of lowering rates. Some companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.
Additional information can be found at these links:
- Coverage Information (Progressive Insurance)
- Credit Impacts Car Insurance Rates (State Farm)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Understanding your Policy (NAIC.org)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$1,854|
|Los Angeles, CA||$2,004|
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$79|
|5-yr Claim Free||$75|
|Paid in Full/EFT||$48|
Discounts are estimated and may not be available from every company or in every state.