2010 Toyota Corolla Insurance Cost – 5 Savings Tips

Consumers have a choice when looking for the lowest priced Toyota Corolla insurance. They can either waste time contacting agents to get rate comparisons or use the internet to make rate comparisons. There is a right way and a wrong way to buy car insurance so you’re going to learn the quickest way to quote coverages for a new or used Toyota and find the best price possible.

You need to quote other rates occasionally since insurance rates are usually higher with each renewal. Even if you got the lowest premium rates for Corolla coverage a few years ago you may be paying too much now. Block out anything you think you know about car insurance because I’m going to teach you the fastest way to find better rates and still maintain coverage.

Save with these five discounts

Car insurance is not cheap, but you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of quoting, but occassionally some discounts must be inquired about in order for you to get them.

  • Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up before driving could save 15% off the personal injury premium cost.
  • Good Student – This discount can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Passive Restraint Discount – Options like air bags and/or automatic seat belt systems may qualify for discounts of up to 25% or more.
  • Defensive Driver Discount – Completing a course that instructs on driving safety can save you 5% or more and make you a better driver.
  • E-sign – Certain auto insurance companies will discount your bill up to fifty bucks for completing your application on the internet.

Please keep in mind that some of the credits will not apply to the entire cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way. Any qualifying discounts will definitely lower your auto insurance premiums.

Large auto insurance companies and some of the premium reductions they offer are:

  • State Farm may offer discounts for passive restraint, student away at school, Drive Safe & Save, good driver, and Steer Clear safe driver discount.
  • GEICO policyholders can earn discounts including seat belt use, anti-lock brakes, military active duty, daytime running lights, and multi-vehicle.
  • Liberty Mutual may have discounts that include preferred payment discount, new vehicle discount, newly married, new move discount, good student, and newly retired.
  • The Hartford offers discounts for good student, air bag, vehicle fuel type, bundle, driver training, and anti-theft.
  • MetLife may include discounts for defensive driver, good student, claim-free, accident-free, good driver, and multi-policy.
  • Progressive has discounts for continuous coverage, multi-vehicle, online signing, good student, online quote discount, and homeowner.

Before buying, ask each company or agent to apply every possible discount. A few discounts might not be available to policyholders in every state. To see a list of companies with the best discounts, click this link.

How to get insurance coverage rate quotes

Many insurance companies provide pricing on the web. Getting quotes is fairly straightforward because you just enter into the quote form. When complete, the quote system obtains your driving record and credit report and generates a price.

This makes comparing rates easy, but having to visit several different sites and type in the same information is a big time waster. But it is imperative to have as many quotes as possible if you want to find the best price on insurance coverage.

The quickest way to find better insurance coverage pricing utilizes a single form that gets prices from many companies. It’s a real time-saver, reduces the work, and makes online shopping a little more enjoyable. Immediately after submitting the form, it gets priced with multiple companies and you can pick any of the quote results. If you find a better price you can simply submit the application and buy the policy. The entire process only takes a few minutes and you will find out if you’re overpaying now.

In order to compare rates now, click here to open in new window and fill out the form. If you have coverage now, it’s recommended you input deductibles and limits as close as possible to your current policy. This guarantees you will have an apples-to-apples comparison for similar coverage.

Special considerations

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out whether your personal situation could use an agent’s help.

  • Why do I need rental car insurance?
  • What is the ISO rating for a 2010 Toyota Corolla?
  • Am I covered when using my vehicle for business?
  • Am I covered if I drive in a foreign country?
  • How much can I save by bundling my policies?
  • Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverages 101

Knowing the specifics of your policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive insurance

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as rock chips in glass, fire damage and hail damage. The most 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 removing comprehensive coverage.

Auto liability

This will cover damages or injuries you inflict on people or other property in an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as structural damage, medical services, medical expenses and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Toyota Corolla.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

This coverage covers damage to your Corolla caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like scraping a guard rail, sustaining damage from a pot hole, driving through your garage door, colliding with another moving vehicle and rolling your car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like X-ray expenses, chiropractic care, prosthetic devices, rehabilitation expenses and funeral costs. They are utilized in addition to your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

A tidy conclusion

People leave their current company for many reasons like delays in paying claims, not issuing a premium refund, lack of trust in their agent or even being labeled a high risk driver. Regardless of your reason for switching companies, switching insurance coverage companies can be easier than you think.

Some insurance companies don’t offer online rate quotes and usually these smaller companies only sell coverage through independent agents. Affordable 2010 Toyota Corolla insurance can be sourced both online as well as from insurance agents, so compare prices from both to have the best chance of lowering rates.

We’ve covered some good ideas how you can shop for 2010 Toyota Corolla insurance online. The key thing to remember is the more quotes you get, the better likelihood of getting affordable insurance coverage. You may be surprised to find that the lowest priced insurance coverage comes from an unexpected company.

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