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Best Cheap Insurance Quotes for a Toyota Corolla in Missouri

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

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 17, 2019

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Our editors always tell us that when writing about car insurance, the words cheap or affordable should never appear anywhere in the article as a descriptor for auto insurance rates. The fact is, cheap car insurance for a Toyota Corolla can be extremely hard to find. Don’t let that spoil your day, because we are going to show you how you can still get car insurance that is affordable.

Your ability to find the cheapest auto insurance for a Toyota Corolla in Missouri relies on a calculation that uses factors like how you use your Corolla, your current insurance company, and any prior driving offenses. Missouri drivers on average pay approximately $860 a year to insure a Corolla, but that is a projection using rating data for a 30-year-old married female with full comprehensive and collision coverage and $100 deductibles.

There is a very good chance that you are not 30 and possibly not even female, single instead of married, or maybe you just want to insure for liability only. Have just a small change in policy rating data can make a large difference in the cost of insuring your Corolla.

Each driver has unique rating factors, so the only way to find cheap insurance prices for your Toyota is to comparison shop your policy at every renewal or at least every couple of years.

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

The specific model of Corolla can impact the cost of insurance, so the price you will be charged to insure a Corolla LE trim level will cost $28 less than the insurance cost for the fancier Corolla XRS version, as demonstrated by the prices below.

Toyota Corolla Insurance Rates in Missouri
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $222 $478 $272 $16 $82 $1,070 $89
Corolla S $222 $478 $272 $16 $82 $1,070 $89
Corolla XLE $222 $478 $272 $16 $82 $1,070 $89
Corolla XRS $250 $478 $272 $16 $82 $1,098 $92
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in zip code location which can revise coverage prices considerably.

Ending up with the right car insurance company can be rather challenging considering how many choices there are in Missouri. The ranking information below could help you choose which insurers you want to consider when comparing rate quotes.

These ratings only include the largest auto insurers in America, so companies that may only write in Missouri will not be included in the list. If you’d like to compare prices from these companies and more, just click here.

Top 10 Major Car Insurance Companies in Missouri Ranked by Customer Service

  1. Nationwide
  2. State Farm
  3. Safeco Insurance
  4. American Family
  5. Liberty Mutual
  6. GEICO
  7. Travelers
  8. Allstate
  9. The Hartford
  10. Esurance

Free Auto Insurance Comparison

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Top 10 Major Car Insurance Companies Overall in Missouri

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Top Companies for Toyota Corolla Insurance in Missouri

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

Does it make sense to buy full coverage?

Finding the best cheap insurance for a Toyota Corolla in Missouri is probably important to the majority of people, and one common way to save on the cost of insurance is to not buy comprehensive and collision coverage. The diagram below compares car insurance rates with and without full coverage. The information is based on no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

As an average, full coverage on your policy costs $1,778 per year more than just insuring for liability. That touches on the question if it’s worth it to buy full coverage. There is no definitive formula for excluding physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s replacement cost is $12,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $11,000 after paying your deductible. If it’s costing in excess of $1,100 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

The example below highlights how deductible choice can impact premium costs when getting quotes for cheap insurance for a Toyota Corolla. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

A 40-year-old driver could lower rates by $296 a year by switching from a $100 deductible to a $500 deductible, or save $446 by switching to a $1,000 deductible. Younger drivers, like the age 20 example, could roll back prices up to $988 or even more by choosing a larger deductible amount. When raising deductibles, it will be important to have emergency funds available to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Geico, Progressive, State Farm, or Allstate: Who is best?

When it comes to car insurance, four companies you’ll want quotes from are Geico, Progressive, State Farm, and Allstate. The following table breaks down pricing and service ratings, as well as optional policy coverages shoppers can expect to find with each one.

Auto Insurance Companies Compared
Geico Progressive State Farm Allstate
Claims Service 3rd 4th 2nd 1st
Discounts Available 2nd 4th 3rd 1st
Price Rank 1st 3rd 2nd 4th
Client Satisfaction 1st 3rd 4th 2nd
Accident forgiveness coverage Yes Yes No Yes
New car replacement coverage No No No Yes
Breakdown insurance Yes Yes No No
Usage-based insurance No Yes Yes Yes
Roadside service Yes Yes Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
Offered in Missouri Yes Yes Yes Yes
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How to find budget-friendly car insurance for a Toyota Corolla

Here are a few money-saving ideas that can help drivers quote the cheapest coverage.

  • Drop full coverage on older vehicles
  • Increase deductibles to save money
  • Increase your credit score
  • Buy vehicles with five-star safety ratings
  • Buy your homeowners policy from the same company as your auto insurance
  • Frequent claims will increase rates
  • Compare quotes from other companies often

The last idea is very crucial, as was emphasized in this write-up. Insurance rates in Missouri vary considerably, so don’t be tentative to switch companies if a cheaper rate is available. Brand loyalty is not necessarily bad, but it’s not recommended if that dedication is costing a small fortune year after year. If you have a few minutes, shop around and find cheaper car insurance for a Toyota Corolla.

Who has the cheapest Toyota Corolla insurance quotes?

Consumers have many ways to quote car insurance rates in Missouri, but the most popular ways are through an independent or non-exclusive agent, an exclusive agency such as Auto-Owners or State Farm, or direct online or over the phone from a company like Geico or Progressive.

You can use whichever you prefer, but it’s important to understand the differences in how they price policies.

Independent insurance agencies are appointed by several companies and can provide price quotes from all of them. They will provide multiple price quotes, which can help you get the best idea of how your rates compare. If the agent locates a cheaper price, the business is moved internally and you can keep the same agent.

A captive or exclusive agent is only able to write business for a single insurance company, for example a Liberty Mutual or State Farm agent. They usually cannot shop your coverage around, so it’s a good idea to get additional quotes.

If you choose to buy car insurance direct, you do not use a local insurance agent and instead shop direct either online or via phone. Shopping direct is a good choice for people who do not have a need for a risk management assessment and have a good understanding of what coverages, limits, and deductibles they need.

So which method is best to buy the best cheap insurance for a Toyota Corolla in Missouri? The obvious answer would be buying from a direct company results in the cheapest price since no commissions are paid to an agent, but that generally is not the case. And we’d like to say using an independent agent is the best way since they can provide multiple quotes, but that idea is not necessarily true either. In many circumstances, exclusive agents have coverage prices that other car insurance companies cannot touch.

Because there are so many factors that make up car insurance rates, the only real way to get the lowest rate is to obtain price quotes and compare them. To find the best rates, be sure to get prices from all three to give yourself plenty of rates to compare. To see some of the cheapest online companies available, click here to view.

Free Auto Insurance Comparison

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

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