Cheaper 2006 Toyota Corolla Insurance Quotes

Looking for the cheapest car insurance rates for your Toyota Corolla? Are you sick and tired of scraping nickels together to insure your Toyota every month? Your situation is no different than the majority of other drivers.

Having so many insurance companies to choose from, it’s nearly impossible to find the most affordable company.

It’s a great practice to quote other rates on a regular basis since prices change frequently. Despite the fact that you may have had the best deal for Corolla coverage last year there is a good chance you can find better rate quotes now. There is too much inaccurate information about car insurance out there, but in a few minutes you can learn a lot of great tips on how to find cheap car insurance.

The purpose of this article is to introduce you to the most effective way to quote insurance and some money-saving tips. If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these tips. Nevertheless, consumers must comprehend the way companies price insurance differently and take advantage of how the system works.

Compare quotes for insurance

To find the best insurance quotes, there are several ways to get quotes from different insurance companies. The easiest way by far to find competitive 2006 Toyota Corolla insurance rates involves getting comparison quotes online. This can be accomplished by using one of the methods below.

One of the simplest ways to find low rates is to use a rate comparison form (click to open form in new window). This form keeps you from doing separate quote forms for each company. Taking the time to complete one form gets rate comparisons instantly.
A less efficient way to get quotes online is to take the time to go to the website for every company you want to comare and go through the quote process again. For sake of this example, let’s say you want rates from State Farm, Esurance and Liberty Mutual. You would need to navigate to each company’s site to enter your coverage information, which explains why we recommend starting with the first method. To view a list of companies in your area, click here.

Which method you use is up to you, but make sure you are using the exact same coverage limits and deductibles with each company. If each company quotes different data it will be very difficult to determine the lowest rate for your Toyota Corolla. Even a minor difference in insurance coverages may result in a large different in cost. Keep in mind that comparing a large number of companies increases your odds of finding more affordable insurance. Some smaller insurers to not give online rate quotes, so you need to compare price estimates from the smaller companies as well.

Do you qualify for discounts?

Companies that sell car insurance don’t necessarily list the complete list of policy discounts very well, so we researched a few of the more well known in addition to some of the lesser obvious savings tricks you should be using when you buy auto insurance online.

Smart Student Discounts – Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you up until you turn 25.
Senior Discount – Drivers that qualify as senior citizens may be able to get a slight reduction on a auto insurance quote for Corolla coverage.
Accident Forgiveness Coverage – Not necessarily a discount, but some insurance companies may permit one accident before they charge you more for coverage if you have no claims for a particular time prior to the accident.
ABS Brakes – Vehicles equipped with ABS or steering control have fewer accidents so you can save 10 percent or more.
Low Mileage Discounts – Low annual miles could qualify for discounted rates on garaged vehicles.

Just know that some of the credits will not apply to the entire cost. Most cut specific coverage prices like collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

A list of companies and some of the discounts are included below.

GEICO offers discounts for membership and employees, daytime running lights, military active duty, good student, federal employee, five-year accident-free, and multi-policy.
Mercury Insurance has savings for multi-car, good driver, low natural disaster claims, professional/association, and multi-policy.
Farmers Insurance may offer discounts for electronic funds transfer, bundle discounts, teen driver, business and professional, homeowner, pay in full, and youthful driver.
Auto-Owners Insurance includes discounts for anti-theft, air bags, safe vehicle, group or association, teen driver, company car, and multiple vehicles.
Liberty Mutual may have discounts that include safety features, hybrid vehicle, exclusive group savings, newly retired, preferred payment discount, and multi-policy.
SAFECO offers premium reductions for anti-lock brakes, anti-theft, teen safe driver, drive less, bundle discounts, accident prevention training, and teen safety rewards.
Progressive may include discounts for homeowner, good student, online quote discount, multi-policy, multi-vehicle, and continuous coverage.
USAA has discounts for family discount, multi-policy, military installation, new vehicle, and driver training.

When comparing rates, check with all the companies which discounts you may be entitled to. Savings might not apply in every state. For a list of providers that offer multiple discounts, follow this link.

Don’t assume everyone needs the same auto insurance coverage

When it comes to choosing proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. These are some specific questions might help in determining whether your personal situation might need an agent’s assistance.

I have health insurance so do I need medical payments coverage?
Do I have any recourse if my insurance company denies a claim?
Will my insurance pay for OEM parts?
What companies insure drivers after a DUI or DWI?
Can my teen driver be rated on a liability-only vehicle?
Are my friends covered when driving my 2006 Toyota Corolla?
What is the difference between comprehensive and collision coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area.

Coverages available on your policy

Understanding the coverages of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on most car insurance policies.

Comprehensive auto coverage

This covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, damage from flooding, hail damage and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto collision coverage

This pays for damage to your Corolla caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a parking meter, scraping a guard rail, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability coverage can cover damage or injury you incur to a person or their property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as structural damage, medical services, loss of income and bail bonds. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your Toyota Corolla.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like EMT expenses, X-ray expenses, hospital visits, funeral costs and surgery. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay