Are you intimidated by the sheer number of insurance company choices? You’re not alone. Drivers have so many options that it can turn into a real challenge to locate the lowest price.
Consumers need to check insurance prices once or twice a year because prices change quite often. Even if you think you had the best price for Corolla insurance six months ago the chances are good that you can find a lower rate today. Ignore everything you know about insurance because we’re going to demonstrate the quickest way to buy cheaper insurance.
Car insurance companies don’t list all their discounts in a way that’s easy to find, so we break down some of the more common and the more hidden discounts you could be receiving.
As a disclaimer on discounts, some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way.
Insurance companies that may have these money-saving discounts include:
Before buying, ask each insurance company which discounts they offer. Some discounts might not apply in your state.
The are a couple different ways of comparing price quotes from different insurance companies. The best method to find the lowest 2013 Toyota Corolla rates is to use the internet to compare rates. This can be done using a couple different methods.
The single most time-saving way to find low rates is an all-inclusive rate comparison click here to open form in new window. This method prevents you from having to do repetitive form submissions to each individual car insurance company. Completing one form will get you rate comparisons direct from many companies. Just one form and you’re done.
Another way to shop for car insurance online is to take the time to go to each company’s website to complete their respective quote request forms. For instance, let’s assume you want rates from Nationwide, Farmers and GMAC. To get each rate you have to take the time to go to each site and enter your information, which is why the first method is more popular.
To view a list of companies in your area, click here.
The hardest way of comparing rate quotes is driving around to different agent offices. Shopping for car insurance online makes this process obsolete unless you have a need for the trained guidance only provided by licensed agents. Drivers can compare online quotes and get advice from an agent in your area. We’ll cover that shortly.
It doesn’t matter which method you choose, just double check that you are using the exact same coverages with every price quote. If your comparisons have different deductibles you will not be able to make an equal comparison. Slightly different coverage limits may result in a large different in cost. And when quoting car insurance, remember that obtaining a wide range of quotes helps you find a lower rate.
When choosing the best insurance coverage coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s.
For example, these questions could help you determine whether or not you could use an agent’s help.
If you’re not sure about those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.
Knowing the specifics of your policy helps when choosing which coverages you need for your vehicles. Car insurance terms can be confusing and reading a policy is terribly boring.
Uninsured and underinsured coverage – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Toyota Corolla.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.
Comprehensive coverages – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, falling objects and hail damage. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision – Collision insurance covers damage to your Corolla resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as colliding with another moving vehicle, crashing into a ditch, sustaining damage from a pot hole and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.
Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for expenses such as hospital visits, pain medications and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Liability coverage – Liability coverage provides protection from damage that occurs to other people or property in an accident. It protects you against claims from other people, and does not provide coverage for 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. Your policy might show policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things like structural damage, medical services, court costs, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Drivers who switch companies do it for any number of reasons including delays in responding to claim requests, questionable increases in premium, high prices or even policy cancellation. Regardless of your reason, choosing a new insurance company is easier than you think.
As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. Too many times, drivers have reduced full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.
We just showed you a lot of information how to save on 2013 Toyota Corolla insurance. The key thing to remember is the more providers you compare, the better your chances of lowering your rates. You may even find the best price on insurance is with some of the smallest insurance companies.
Additional detailed information is available at these sites: