How Much Does 1996 Toyota Corolla Insurance Cost?

Searching for low-cost insurance for a Toyota Corolla can turn out to be a lot of work, but you can use these tips to save time.

There is a better way to shop for car insurance so we’re going to tell you the absolute fastest way to compare rates for a Toyota and get the lowest possible price from local insurance agents and online providers.

Which auto insurance is cheapest?

Finding a better price on auto insurance is an easy way to save money. You just have to take the time comparing rates from different insurance companies. Comparing prices online can be done using one of these methods.

  1. One of the simplest ways to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This form prevents you from having to do repetitive form submissions for every company. In just a few minutes this one form gets insurance cost estimates instantly. Just one form and you’re done.
  2. A more difficult way to get comparison quotes consists of visiting the website for every company you want to comare to complete their respective quote request forms. For example, we’ll pretend you want to view quotes from Progressive, Esurance and GEICO. In order to get each rate, you would have to navigate to each company’s site and enter your information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
  3. The final way to get comparison rates is going to and from local insurance agencies. The ability to quote online can eliminate the need for a local agent unless you prefer the professional assistance that can only be provided by a licensed insurance agent. Although you can find lower rates online but have a local agent actually write the policy.

The approach you take is up to you, just make sure you use nearly identical coverage data with each company. If your comparisons have different values for each quote it’s impossible to make an equal comparison.

Five tips to get lower-cost insurance premiums

Many things are taken into consideration when quoting car insurance. Most are fairly basic such as your driving history, but other criteria are less apparent such as your credit history or your financial responsibility.

  • Incidental coverages you don’t need – Policies have optional add-on coverages that you can buy on your Corolla policy. Coverage for things like personal injury protection, better glass coverage, and additional equipment coverage are examples of these. They may seem like a good idea when deciding what coverages you need, but if they’re wasting money think about removing them and cutting costs.
  • Does insurance cost more for males? – Statistics have proven that females take fewer risks when driving. The data does not necessarily mean that women are BETTER drivers than men. Both sexes are in at-fault accidents at a similar rate, but the men cause more damage. Men also statistically get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly.
  • Never let your insurance coverage policy lapse – Going without insurance will be a quick way to drive up your policy premiums. Not only will you pay more, not being able to provide proof of insurance might get you a license revocation or jail time.
  • Liability insurance limits should be high – The liability section of your policy kicks in when a court rules you are at fault for causing damage or personal injury in an accident. This coverage provides you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Careless driving means higher premiums – Having a clean driving record influences premium rates substantially. Just one citation may increase your cost twenty percent or more. Attentive drivers have lower premiums as compared to those with violations. Drivers with dangerous citations like reckless driving or DUI may find they need to maintain a SR-22 with the DMV in their state in order to prevent a license revocation.

More affordable rates with these discounts

Some providers don’t list all available discounts in a way that’s easy to find, so the below list has a few of the more common and also the lesser-known credits that you can use to lower your rates. If you do not check that you are getting every discount you qualify for, you are throwing money away.

  • Home Ownership Discount – Just being a homeowner can earn you a little savings because maintaining a house is proof of financial responsibility.
  • Drive Less and Save – Driving fewer miles can qualify you for discounted prices on garaged vehicles.
  • Early Payment Discounts – By paying your entire bill at once rather than paying monthly you may reduce your total bill.
  • Active Service Discounts – Having an actively deployed family member could be rewarded with lower car insurance rates.
  • One Accident Forgiven – Not really a discount, but a few companies such as Progressive, Allstate, and Liberty Mutual may permit one accident before your rates go up so long as you are claim-free before the accident.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you could get a discount of at least 10 to 15 percent or more.
  • Professional Memberships – Being a member of a civic or occupational organization could qualify you for a break when getting a insurance coverage quote.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. The majority will only reduce specific coverage prices like medical payments or collision. Just because you may think you can get free auto insurance, company stockholders wouldn’t be very happy.

A few popular companies and their offered discounts are shown below.

  • State Farm may offer discounts for student away at school, good driver, passive restraint, anti-theft, and accident-free.
  • GEICO has savings for membership and employees, multi-vehicle, daytime running lights, defensive driver, anti-theft, military active duty, and federal employee.
  • Progressive has discounts for online quote discount, online signing, multi-policy, homeowner, multi-vehicle, and continuous coverage.
  • 21st Century offers premium reductions for 55 and older, early bird, homeowners, defensive driver, and theft prevention.
  • American Family includes discounts for good student, mySafetyValet, multi-vehicle, accident-free, early bird, and bundled insurance.
  • The Hartford policyholders can earn discounts including bundle, air bag, driver training, vehicle fuel type, and anti-theft.
  • AAA discounts include multi-policy, good student, multi-car, AAA membership discount, and good driver.

If you need affordable insurance coverage quotes, ask each insurance company which discounts can lower your rates. Some discounts listed above might not be offered in every state. If you would like to see a list of companies that offer the discounts shown above, click this link.

Insurance coverage can be complex

When it comes to choosing coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s needs are different.

For example, these questions may help highlight if your insurance needs might need professional guidance.

  • Should I waive the damage coverage when renting a car?
  • Can I rent a car in Mexico?
  • What if I don’t agree with a claim settlement offer?
  • Should I carry comprehensive and collision coverage?
  • Does insurance cover tools stolen from my truck?
  • Does coverage extend to Mexico or Canada?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance specifics

Having a good grasp of insurance aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Collision coverage

Collision insurance covers damage to your Corolla resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like crashing into a ditch, colliding with another moving vehicle, backing into a parked car and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for short-term medical expenses such as X-ray expenses, dental work and ambulance fees. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability car insurance

Liability insurance can cover damage or injury you incur to other people or property by causing an accident. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as attorney fees, legal defense fees and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive auto coverage

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, hail damage, a tree branch falling on your vehicle, theft and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your 1996 Toyota Corolla.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits are set the same as your liablity limits.

In the end, you save

A few companies don’t offer online rate quotes and many times these small insurance companies prefer to sell through independent insurance agencies. Affordable 1996 Toyota Corolla insurance is attainable on the web in addition to local insurance agencies, so you need to compare both to have the best rate selection.

Consumers who switch companies do it for a variety of reasons including unfair underwriting practices, poor customer service, high rates after DUI convictions or an unsatisfactory settlement offer. Regardless of your reason for switching companies, switching companies is pretty easy and you might even save some money in the process.

We covered some good ideas how you can shop for 1996 Toyota Corolla insurance online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding the cheapest insurance coverage. Consumers could even find that the lowest priced insurance coverage comes from some of the smallest insurance companies.

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