Cheap 2000 Toyota Corolla Insurance Quotes

Looking for better auto insurance rates for your Toyota Corolla? Finding the cheapest auto insurance online can seem to be impossible for consumers new to comparing rates online. With so many choices of insurance companies available, how can consumers possibly compare them all to find the lowest price?

It’s smart to get comparison quotes before your policy renews since rates are usually higher with each renewal. If you had the best deal for Corolla coverage a year ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the quickest way to buy cheaper auto insurance.

Factors that can influence Toyota Corolla insurance rates

Smart consumers have a good feel for some of the elements that go into determining the price you pay for auto insurance. Understanding what impacts premium levels enables informed choices that may reward you with better auto insurance rates.

Listed below are some of the items auto insurance companies consider when setting rates.

  • More claims means more premium – Auto insurance companies give lower rates to insureds who file claims infrequently. If you are a frequent claim filer, you can expect either higher rates or even cancellation. Auto insurance is intended to be relied upon for the large, substantial claims.
  • Having a spouse can save you money – Having a wife or husband can get you a discount on your policy. Marriage means you’re more mature and responsible it has been statistically shown that drivers who are married are more cautious.
  • Don’t skimp on liability – Liability coverage is the coverage that protects you in the event that you are found liable for damages from an accident. Liability provides for a legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • How credit affects auto insurance rates – Having a bad credit score is a large factor in your rate calculation. If your credit rating is lower than you’d like, you could be paying less to insure your 2000 Toyota Corolla by spending a little time repairing your credit. Consumers who have excellent credit tend to be less risk to insure than those with poor credit.
  • How many coverages with the same company – Most auto insurance companies provide better rates to people who carry more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, you still need to shop around to ensure the best deal. You may still be able to find a better deal by buying insurance from more than one company.
  • Poor driving leads to higher costs – Careful drivers receive lower rates than their less careful counterparts. Just one citation can boost insurance rates twenty percent or more. Drivers who get dangerous violations like reckless driving, hit and run or driving under the influence may be required to file a SR-22 with their state motor vehicle department in order to prevent a license revocation.
  • Allowing your policy to lapse raises rates – Driving without insurance can get your license suspended and your next policy will cost more because you let your coverage lapse. Not only will rates go up, getting caught without coverage will get you a hefty fine and possibly a revoked license.Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.

Comprehensive Car Insurance Comparison

There are multiple methods you can shop for 2000 Toyota Corolla car insurance but one way is less time-consuming than others. You could waste time talking about coverages with agents in your area, or you can utilize online quoting to get prices fast.

Many of the larger companies are enrolled in a marketplace where prospective buyers submit their information once, and each participating company then gives them pricing based on that information. This saves time by eliminating quote requests to each company. To participate in this free quote system, click here (opens in new window).

The one downside to getting quotes like this is you cannot specify which carriers you want to price. If you prefer to choose specific providers to compare, we have a page of companies who write car insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make darn sure you compare the exact same information for each price quote. If your comparisons have unequal deductibles or liability limits then you won’t be able to find the best deal for your Toyota Corolla. Just a small difference in coverages may cause a big price difference. It’s important to know that getting more free quotes helps locate better pricing.

Discounts on Toyota Corolla insurance

Car insurance is not cheap, but discounts can save money and there are some available that many people don’t even know exist. Some trigger automatically at the time you complete a quote, but less common discounts must be requested specifically before being credited.

  • Sign Early and Save – Some insurance companies reward drivers for switching to them before your current policy expires. It can save you around 10%.
  • Resident Student – Youth drivers who live away from home and do not have a car can receive lower rates.
  • Use Seat Belts – Requiring all passengers to wear their seat belts can save 10% or more off your PIP or medical payments premium.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for reduced rates for Corolla coverage.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Toyota could be rewarded with lower rates on the low mileage vehicles.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy qualifies for this discount.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.

As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Some only apply to individual premiums such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount will cut the cost of coverage.

Car insurance companies that possibly offer these benefits are:

Before buying, ask every prospective company what discounts are available to you. Savings might not apply in every state.

Tailor your coverage to you

When choosing adequate coverage for your vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions may help you determine if you could use an agent’s help.

  • When would I need rental car insurance?
  • When do I need to add a new car to my policy?
  • Why does it cost so much to insure a teen driver?
  • Am I covered when using my vehicle for business?
  • Do I need an umbrella policy?
  • Do I get a pro-rated refund if I cancel my policy early?
  • What is the rate difference between pleasure use and commuting?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need medical payments coverage since I have good health insurance?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Insurance policy specifics

Understanding the coverages of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like funeral costs, dental work, EMT expenses and nursing services. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision protection

This coverage will pay to fix damage to your Corolla resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things such as sideswiping another vehicle, rolling your car and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

This gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Frequently these coverages are identical to your policy’s liability coverage.

Auto liability

Liability insurance can cover injuries or damage you cause to a person or their property in an accident. It protects YOU against other people’s claims, and 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 limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as repair costs for stationary objects, bail bonds, court costs and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as rock chips in glass, theft and hitting a deer. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Money doesn’t grow on trees

Insureds leave their current company for many reasons like policy non-renewal, being labeled a high risk driver, high prices or an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

We just covered some good ideas how to get a better price on 2000 Toyota Corolla insurance. The most important thing to understand is the more companies you get rates for, the better chance you’ll have of finding lower rates. Consumers may even find the lowest premiums are with a smaller regional carrier.

As you shop your coverage around, you should never reduce needed coverages to save money. There are too many instances where someone dropped full coverage only to find out that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at an affordable rate.

More detailed insurance information can be found in the articles below: