2017 Toyota Corolla Insurance Rates
Average insurance rates for a 2017 Toyota Corolla are $1,374 a year with full coverage. Comprehensive insurance costs an estimated $282, collision insurance costs $536, and liability costs $398. Buying a liability-only policy costs as little as $460 a year, and high-risk insurance costs $2,982 or more. Teen drivers receive the highest rates at up to $5,156 a year.
Annual premium for full coverage: $1,374
Rate estimates for 2017 Toyota Corolla Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2017 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 middle-aged driver, prices range range from as low as $460 for just liability coverage to a much higher rate of $2,982 for a high risk driver.
These differences demonstrate why anyone shopping for car insurance should compare rates for a targeted area and risk profile, instead of using price averages.
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Recommended Companies for Cheap 2017 Toyota Corolla Insurance
Shoppers have lots of choices when shopping for low-cost Toyota Corolla insurance. They can either waste time driving around getting price quotes or save time using the internet to make rate comparisons. There is a better way to compare car insurance rates and we’ll show you the absolute fastest way to compare rates for a new or used Toyota and locate the best price possible from local insurance agents and online providers.
You should take the time to compare prices as often as possible because rates tend to go up over time. Even if you got the lowest premium rates for Corolla insurance two years ago the chances are good that you can find a lower price today. Block out anything you think you know about car insurance because we’re going to demonstrate how to use the internet to find the best coverage while lowering your premiums.
Buying car insurance is easy if you know what you’re doing. If you have car insurance now, you will most likely be able to reduce your rates substantially using this information. Drivers just need to know the most effective way to compare company rates over the internet.
Auto insurance discounts are available to slash your rates
Insurance can cost an arm and a leg, but there could be significant discounts that could help you make your next renewal payment. Certain discounts will be triggered automatically when you quote, but less common discounts must be manually applied before being credited.
Recommended Companies for the Best Insurance Rates
- Home Ownership Discount – Owning your own home or condo can help you save on auto insurance due to the fact that maintaining a home shows financial diligence.
- Passenger Safety Discount – Options like air bags or automatic seat belts can receive discounts up to 30%.
- Accident Forgiveness Coverage – but some insurance companies will let one accident slide before raising your premiums if your claims history is clear prior to the accident.
- Anti-lock Brakes – Cars with ABS and/or traction control are much safer to drive and the ABS can save up to 10%.
- Low Mileage – Driving fewer miles can earn substantially lower rates.
- Senior Citizen Rates – Older drivers can get reduced rates for Corolla insurance.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like you can get free auto insurance, you aren’t that lucky.
A few companies who might offer these discounts include:
Check with every insurance company which discounts they offer. Some discounts might not be available to policyholders in your area. To choose providers offering auto insurance discounts, follow this link.
Everyone needs different auto insurance coverages
When it comes to choosing the best auto insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.
Here are some questions about coverages that might help in determining whether you might need professional guidance.
- Is my ex-spouse still covered by my policy?
- Is my dog or cat covered if injured in an accident?
- Why am I required to buy high-risk coverage?
- Am I insured when driving a different vehicle?
- Will my rates increase for filing one claim?
- Do I have coverage if my license is suspended?
- Which is better, split liability limits or combined limits?
- When do I need to add a new car to my policy?
- Do I need rental car coverage?
- Do I have coverage when using my vehicle for my home business?
If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.
Insurance coverage ads bend the truth
Consumers can’t escape the ads for the lowest price insurance coverage by companies like GEICO, State Farm and Progressive. All the ads make the point that you can save after switching your coverage to them.
Is it even possible that every company can charge you a lower premium?
All the different companies quote their best rates for a prospective insured that will not have excessive claims. For example, this type of insured should be over the age of 35, carries full coverage, and drives a vehicle with a low ISO rating. Any customer that fits those parameters will most likely get cheap rates and have a good chance to save a lot of money.
Insureds who don’t qualify for the “perfect” profile may be required to pay higher prices and the customer not purchasing. The ads state “people that switch” not “everybody who quotes” save that kind of money. This is how insurance companies can advertise the way they do. This really emphasizes why you absolutely need to get insurance quotes as often as possible. It’s just too difficult to predict which company will fit your personal profile best.
Having a good grasp of your policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Comprehensive auto coverage – This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like vandalism, damage from flooding, a broken windshield and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability coverages – This protects you from injuries or damage you cause to other’s property or people that is your fault. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.
Liability coverage protects against things such as loss of income, attorney fees, structural damage, medical services and legal defense fees. How much liability should you purchase? That is up to you, but buy higher limits if possible.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for surgery, doctor visits and chiropractic care. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Collision – Collision coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as crashing into a building, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to bring the cost down.
A tidy conclusion
People switch companies for any number of reasons including unfair underwriting practices, high rates after DUI convictions, an unsatisfactory settlement offer or even not issuing a premium refund. It doesn’t matter what your reason, switching companies is actually quite simple.
When trying to cut insurance costs, never reduce needed coverages to save money. There are too many instances where someone dropped liability coverage limits and learned later they didn’t have enough coverage. The aim is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.
Discount 2017 Toyota Corolla insurance is attainable online and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some companies don’t offer online rate quotes and most of the time these small, regional companies sell through independent insurance agents.
To read more, link through to the following helpful articles:
- Credit and Insurance Scores (Insurance Information Insitute)
- Distracted Driving Statistics (Insurance Information Insitute)
- Understanding Rental Car Insurance (Insurance Information Insitute)
- What if I Can’t Find Coverage? (Insurance Information Insitute)
- Neck Injury FAQ (iihs.org)
- Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$2,172|
|Los Angeles, CA||$2,352|
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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||$102|
|5-yr Claim Free||$89|
|Paid in Full/EFT||$63|
Discounts are estimated and may not be available from every company or in every state.