Buying cheap auto insurance for a Toyota Corolla relies on many rating factors such as whether the vehicle is new, the performance level of your vehicle, and if you have tickets or violations. Drivers pay on average $893 each year to insure their Corolla, but that price is an estimation using a 50-year-old single female driver with both comprehensive and collision coverage and $250 deductibles.
When estimating a car insurance rate like we just did, the issue is that you may not be 50 years old (or even female), you might be married instead of single, or maybe you need higher liability limits than the state minimum. Just a slight change in the factors used in pricing a policy can result in a big discrepancy in how much coverage for a Toyota Corolla costs.
Different coverage needs are the reason why the only way to find the most affordable coverage for your Toyota is to just compare rates yourself.
The trim level of your Corolla will influence the cost of coverage, so the rate you will pay to insure a Corolla LE will be $24 cheaper than the cost to insure the more costly Corolla XRS version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rates do not factor in Mesa location which can affect premium rates greatly.
Buying low-priced auto insurance is not easy, and determining which insurers offer the best insurance rates for a Toyota Corolla requires even more work.
Each company has their own formula for filing rates in each state, so we’ll go over the lowest cost insurance companies in Mesa. It’s important to know that Mesa insurance rates are based on many factors that can increase your annual premium. This price fluctuation is why it is crucial to take the time to shop around when trying to get the most affordable auto insurance quotes for a Toyota Corolla. Car insurance prices are determined by many things and change dramatically, so the best price two years ago may now be quite expensive.
Cheapest Insurance Rates for Your Corolla
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,247|
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The Hartford may have some of the cheapest car insurance rates in Mesa at around $836 annually. Safeco, Auto-Owners, Travelers, and USAA also rank well as some of the best Mesa, AZ car insurance companies.
As the example above demonstrates, if you currently buy coverage from Safeco and switched to The Hartford, you could realize savings of roughly $60. Customers with Auto-Owners could save as much as $88 a year, and Travelers insureds might realize rate reductions of up to $239 a year.
To find the cheapest coverage for you, click here to get quotes or visit several of the following companies.
These prices are averaged across all drivers and vehicles in Arizona and and are not calculated with an exact location for a Toyota Corolla. So the auto insurance company that fits your age and vehicle best may not even be in the top 28 companies shown above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Get discount Mesa auto insurance
Insurance companies that sell policies for a Toyota Corolla may also offer premium discounts that can reduce rates by as much as 30% if you can meet the requirements. Large insurance companies and their possible discounts can be found below.
- Farm Bureau policyholders can earn discounts including good student, multi-policy, driver training, safe driver, multi-vehicle, renewal discount, and youthful driver.
- State Farm offers premium reductions for safe vehicle, Steer Clear safe driver discount, defensive driving training, good student, and passive restraint.
- Progressive offers discounts for online quote discount, multi-policy, online signing, good student, multi-vehicle, and homeowner.
- Allstate may have discounts that include anti-lock brakes, FullPay discount, 55 and retired, teenSMART discount, multi-policy, eSmart discount, and safe driver.
- Nationwide discounts include anti-theft, defensive driving, family plan, easy pay, accident-free, Farm Bureau membership, and business or organization.
- MetLife includes discounts for good student, defensive driver, accident-free, good driver, claim-free, and multi-policy.
The example below shows the comparison of insurance rates with and without discounts applied to the rates. The price estimates are based on a male driver, no claims or driving violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, vehicle safety, defensive driving course, marriage, homeowner, and accident-free discounts applied. When drivers qualify for the discounts, theamount saved on insurance for a Toyota Corolla is 28% or $617.
A good deal can quickly turn bad
Mesa, AZ insurance rates are determined by lots of factors that may substantially change the price of your policy. Getting older, moving to a new city, or getting a ticket for running a stop sign can trigger rate changes that may make certain companies cheaper than competitors. In addition, auto insurance companies amend pricing as needed in order to protect their financial rating. Higher than normal claims may result in additional price hikes, while a better claims history can cause cheaper Corolla insurance rates.
For instance, the data below shows the companies that have the cheapest car insurance in Mesa, AZ for a 30-year-old female driver with no violations or accidents, and good credit. If we compare prices based on her current situation, The Hartford quotes the most affordable car insurance rates in Mesa at $1,126 annually. This is $302 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers are the rest of the most affordable Mesa, AZ auto insurance companies.
Now we will pretend the driver in the first example a claim surcharge, a lower credit rating, and a stop sign violation. Due to the fact that each insurance company has a proprietary method to determining premium rates, comparing insurance quotes most likely will result in a completely different list of cheap Mesa auto insurance companies as shown below.
GEICO now has the cheapest price in Mesa, AZ with Ameriprise Group, CSAA, Allied, and Safeco also having competitive pricing. This example demonstrates why drivers need to perform a complete rate comparison when trying to find cheap insurance quotes for a Toyota Corolla.
Insurance rates consist of many factors and change substantially, so the best company three years ago may now be wasting a lot of money.
How to find low-cost car insurance for a Toyota Corolla
Below you’ll find some thrifty solutions that can help Mesa drivers buy more affordable auto insurance.
- Clean up your credit
- Save money by obeying traffic laws and keeping a clean driving record
- Accidents can significantly increase rates
- Do not pay for full coverage if not needed
- Increase your physical damage deductibles
- Safer vehicles generally have cheaper insurance rates
- Compare rates regularly and switch companies to save money
The last tip in the list is particularly valuable, as was affirmed in this article. Coverage rates in Mesa can change significantly in a year, so you should be ready to switch carriers if you find a cheaper price. Staying with the same company for years is fine, but it’s not a great idea if that inflexibility results in costing you big bucks every year. In just a couple of minutes you could shop around and find cheaper insurance for a Toyota Corolla.