Save Money on Toyota Corolla Insurance in Mesa

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Insurance quote for Toyota Corolla in MesaIt's an obvious statement that car insurance companies don't want you to look for a cheaper policy. People who get price comparisons are likely to switch companies because there is a good probability of getting low-cost coverage. A recent auto insurance study discovered that people who routinely compared rates saved over $865 annually as compared to drivers who don't regularly compare prices.

If saving money on auto insurance is your objective, then learning a little about how to shop for car insurance can make shopping around easier.

It takes a few minutes, but the best way to find affordable Toyota Corolla insurance in Mesa is to regularly compare quotes from companies in Arizona. Drivers can shop around by following these guidelines.

Step 1: Try to learn about individual coverages and the factors you can control to keep rates down. Many risk factors that result in higher prices such as speeding tickets, careless driving and a negative credit rating can be controlled by making small lifestyle or driving habit changes.

Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agencies can give you price quotes from multiple companies. Compare rates

Step 3: Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find better rates and decide to switch, verify that coverage does not lapse between policies.

One tip to remember is to make sure you enter similar limits and deductibles on every price quote and and to analyze every insurance company. This guarantees an apples-to-apples comparison and a complete rate analysis.

Buying the cheapest auto insurance in Mesa is not rocket science. If you are insured now or are just looking to switch companies, you can use these techniques to get lower rates without sacrificing coverage. Smart buyers just need to learn the most efficient way to find the lowest price from many companies at once.

Seven factors that influence insurance premiums

Lots of factors are part of the calculation when premium rates are determined. A few of the factors are predictable such as traffic violations, but some are less apparent such as your marital status or your financial responsibility.

The list below includes a few of the "ingredients" used by insurance companies to determine your rates.

Bad credit will cost you - Having a good credit score can be a huge factor in calculating your premium rate. Consumers who have excellent credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit. Therefore, if your credit can use some improvement, you could save money insuring your Toyota Corolla if you improve your credit rating.

Employer can influence rates - Do you work in a high-stress field? Careers such as real estate brokers, air traffic controllers, and emergency personnel have the highest average rates in part from high stress levels and lengthy work days. Other professions such as actors, students and homemakers have lower than average premiums.

Rates are affected by your address - Being located in a small town has it's advantages when insuring your vehicles. People who live in big cities have to deal with congested traffic and a longer drive to work. Lower population translates into fewer accidents in addition to fewer liability claims.

Lower physical damage deductibles cost more - Physical damage deductibles define how much the insured will be required to pay in the event of a claim. Coverage for physical damage, also called 'full coverage', covers damage that occurs to your car. Some examples of claims that would be covered would be collision with another vehicle, vandalism, and having a roll-over accident. The larger the amount the insured is willing to pay, the less money you will pay for car insurance.

High premiums for younger drivers - Youthful drivers in Arizona are statistically shown to be careless and easily distracted behind the wheel so they pay higher car insurance rates. Older drivers are more responsible, tend to file fewer claims, and get fewer tickets.

The data below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Always have car insurance - Allowing your coverage to lapse is a fast way to pay more for car insurance. Not only will rates go up, getting caught without coverage may result in a steep fine or even jail time. Then you may be required to prove you have insurance by filing a SR-22 with the Arizona motor vehicle department.

Insurance prices are higher for high performance vehicles - The make and model of the car, truck or SUV you need to insure makes a huge difference in your rates. The cheapest rates are for low performance passenger cars, but that's not the only thing that factors into the final price.

The following chart assumes a married female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Toyota Corolla car insurance rates compared to other models that have different performance rating factors.

Loss probability for a Toyota Corolla - Companies factor in insurance loss information when they file their rates in each state. Models that the data determines to have higher frequency or amount of claims will have a higher cost to insure. The table below outlines the loss history for Toyota Corolla vehicles.

For each policy coverage type, the statistical loss for all vehicles as a whole is represented as 100. Numbers that are below 100 indicate a favorable loss history, while values that are above 100 indicate more frequent claims or an increased chance of a larger loss.

Toyota Corolla Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Corolla 133 111 94 156 158 128
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Toyota Corolla insurance coverage information

The rate table shown next outlines detailed analysis of insurance prices for Toyota Corolla models. Having insight into how auto insurance premiums are determined is important for making smart choices when comparing insurance rates.

Toyota Corolla Insurance Rates in Mesa, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $130 $266 $308 $18 $92 $814 $68
Corolla S $130 $266 $308 $18 $92 $814 $68
Corolla XLE $130 $266 $308 $18 $92 $814 $68
Corolla XRS $148 $266 $308 $18 $92 $832 $69
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates significantly.

Physical damage deductible comparison

One of the hardest decisions when shopping for car insurance is how high should the physical damage coverage deductibles be. The comparisons below can help you visualize how much more rates are between low and high comp and collision deductibles. The first data set uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Toyota Corolla insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $258 $548 $300 $18 $90 $1,239 $103
Corolla S $258 $548 $300 $18 $90 $1,239 $103
Corolla XLE $258 $548 $300 $18 $90 $1,239 $103
Corolla XRS $292 $548 $300 $18 $90 $1,273 $106
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Toyota Corolla insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $144 $290 $300 $18 $90 $842 $70
Corolla S $144 $290 $300 $18 $90 $842 $70
Corolla XLE $144 $290 $300 $18 $90 $842 $70
Corolla XRS $162 $290 $300 $18 $90 $860 $72
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate information does not factor in specific zip code location which can decrease or increase premium rates noticeably.

Based on the data above, we can derive that using a $100 deductible costs an average of $33 more each month or $396 a year than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 27 months between claim filings, you would save money by going with a higher deductible. The numbers below show a better example of how this determination is made.

Average monthly premium for $100 deductibles: $104
Average monthly premium for $1,000 deductibles (subtract): - $71
Monthly savings from raising deductible: $33
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $33
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 27 months

One important note is that higher deductibles results in more money out-of-pocket when you have a physical damage claim. You should have some available funds in the event you have to pay the deductible for vehicle repair.

The chart below illustrates how choosing a deductible and can raise or lower Toyota Corolla insurance premiums for each age group. The data assumes a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Illustration showing the impact of accidents and violations

The information below shows how violations and at-fault accidents increase Toyota Corolla insurance rates for different categories of driver ages. The information is based on a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

Male drivers versus female drivers

The information below illustrates the difference between Toyota Corolla insurance costs for male and female drivers. The rate quotes are based on no claims or violations, comprehensive and collision coverage, $250 deductibles, single status, and no additional discounts are factored in.

These discounts can reduce Toyota Corolla insurance rates

Not many people think insurance is cheap, but there's a good chance there are discounts that you may not know about. Some trigger automatically at quote time, but a few need to be inquired about before you will receive the discount. If you do not check that you are getting every discount you deserve, it's possible you qualify for a lower rate.Discount insurance

  • Federal Government Employee - Simply working for the federal government could cut as much as 10% off but check with your company.
  • Pay Now and Pay Less - By paying your entire bill at once rather than spreading payments over time you could save 5% or more.
  • Life Insurance Discount - Select insurance companies reward you with a discount if you purchase life insurance.
  • College Student Discount - Children who attend college more than 100 miles from Mesa and do not have access to a covered vehicle can be insured at a reduced rate.
  • Telematics Devices - Drivers that enable their insurance company to analyze where and when they drive through the use of a telematics system like Allstate's Drivewise could see a rate decrease if they have good driving habits.
  • First Accident Forgiveness - This one is not really a discount per se, but some insurance companies permit an accident without the usual rate increase as long as you don't have any claims for a specific time period.
  • Smart Student Discounts - Excelling in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Anti-lock Brake System - Cars, trucks, and SUVs that have anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Claim-Free Discount - Mesa drivers who stay claim-free pay much less in comparison with frequent claim filers.
  • Fewer Miles Equal More Savings - Keeping the miles down on your Toyota can qualify you for discounted prices on garaged vehicles.

Don't be shocked that most of the big mark downs will not be given to your bottom line cost. A few only apply to the cost of specific coverages such as comp or med pay. If you do the math and it seems like having all the discounts means you get insurance for free, insurance companies aren't that generous. Any amount of discount will reduce the amount you pay for coverage.

The information below compares Toyota Corolla annual premium costs with and without some available policy discounts. The data assumes a female driver, no violations or accidents, Arizona state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, marriage, claim-free, and safe-driver discounts applied.

A few of the larger companies and their offered discounts are outlined below.

  • GEICO discounts include federal employee, good student, emergency military deployment, driver training, multi-vehicle, air bags, and anti-theft.
  • Travelers may have discounts that include student away at school, good student, hybrid/electric vehicle, payment discounts, home ownership, driver training, and save driver.
  • Nationwide offers premium reductions for anti-theft, multi-policy, defensive driving, good student, Farm Bureau membership, accident-free, and family plan.
  • Farmers Insurance has savings for distant student, electronic funds transfer, multi-car, bundle discounts, and early shopping.
  • Esurance may include discounts for homeowner, Pac-12 alumni, multi-policy, renters, and good driver.
  • State Farm has discounts for multiple policy, driver's education, good student, anti-theft, and accident-free.
  • Progressive includes discounts for multi-policy, good student, multi-vehicle, continuous coverage, and homeowner.
  • Mercury Insurance offers discounts including anti-theft, multi-car, ease of repair, professional/association, and good student.

Before buying, ask every insurance company how you can save money. Some of the earlier mentioned discounts may not apply everywhere. If you would like to view insurers with significant discounts in Mesa, click here.

Mesa car insurance companies ranked

Choosing the right insurance provider can be difficult considering how many different insurance companies sell coverage in Mesa. The company ratings in the next section could help you pick which auto insurers you want to consider putting your business with.

Top 10 Mesa Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. GEICO
  3. The Hartford
  4. Mercury Insurance
  5. Progressive
  6. The General
  7. Allstate
  8. AAA Insurance
  9. American Family
  10. Nationwide

Top 10 Mesa Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. GEICO
  5. Liberty Mutual
  6. Progressive
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Cheaper auto insurance premiums are out there

We've covered some good ideas how you can get a better price on Toyota Corolla insurance in Mesa. The most important thing to understand is the more providers you compare, the better chance you'll have of finding low cost Mesa car insurance quotes. Drivers may even discover the lowest priced auto insurance comes from a small mutual company.

Discount Toyota Corolla insurance in Mesa can be purchased from both online companies as well as from independent agents in Mesa, so get free Mesa car insurance quotes from both of them to have the best rate selection. Some insurance providers do not offer online price quotes and usually these regional carriers sell through independent insurance agents.

Insureds switch companies for many reasons like denial of a claim, high rates after DUI convictions, delays in paying claims and being labeled a high risk driver. Regardless of your reason, finding a great new company can be less work than you think.

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