Buying cheaper car insurance for a Toyota Corolla is pretty simple for most people to do, but it relies on a lot of factors such as how safe your vehicle is, your credit rating, and whether or not you are a good driver. Drivers in Arizona will pay on average $1,106 annually for Corolla insurance, but that amount is a valuation calculated using a 30-year-old single female driver with both comprehensive and collision coverage and $250 deductibles.
There's a good chance you may not be 30 years old (or even female), possibly married instead of single, or maybe your Corolla doesn't need full coverage. Having the smallest difference in rating variables or coverage information may result in a big change in the price of a policy.
Different coverage needs are the reason why the best way to find affordable rates for your Toyota is to do your own rate comparisons.
The specific model of Corolla will be a contributing factor to the cost of insurance, so the cost to insure a Corolla LE trim level will cost $32 less than the price to insure the fancier Corolla XRS trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in the specific area where the vehicle is garaged which can raise or lower premium rates greatly.
Trying to find reasonably-priced car insurance is not most people's favorite thing to do, and figuring out which companies quote the cheapest car insurance rates for a Toyota Corolla will require even more work.
Every insurance company has a proprietary formula to establish rates, so first let's look at the rankings for the car insurance companies with the overall best prices in Tucson.
Find Cheaper Car Insurance for Your Corolla
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,285|
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The Hartford generally has some of the best car insurance rates in Tucson at around $836 per year. This is $592 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are also some of the cheaper Tucson, AZ insurance companies.
As depicted above, if you are a policyholder with USAA and switched to The Hartford, you might achieve a yearly savings of upwards of $244. Arizona drivers with Travelers might save as much as $272 a year, and Progressive policyholders might lower prices by up to $282 a year.
To find cheaper insurance rates for your vehicle, click here to begin a quote or feel free to get quotes from the companies below.
It's important to note that these policy rates are averages for all insureds and vehicles and and are not calculated with a specific location for a Toyota Corolla. So the car insurance company that can offer you the best rate may not even be in the top 28 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Discount Tucson auto insurance rates
Insurance providers that offer quotes for a Toyota Corolla may provide rate discounts that can lower rates by 30% or more if you are eligible to receive them. Large car insurance companies and their offered discounts can be read below.
- State Farm offers premium reductions for Steer Clear safe driver discount, passive restraint, good driver, driver's education, good student, accident-free, and multiple autos.
- GEICO offers discounts for federal employee, air bags, defensive driver, seat belt use, anti-lock brakes, and multi-vehicle.
- Liberty Mutual may include discounts for multi-car, new graduate, safety features, exclusive group savings, and newly retired.
- The Hartford may have discounts that include air bag, good student, bundle, defensive driver, and anti-theft.
- MetLife policyholders can earn discounts including defensive driver, good driver, multi-policy, claim-free, accident-free, good student
- Progressive has savings for homeowner, multi-vehicle, online quote discount, continuous coverage, and good student.
The chart below compares annual premium costs with and without policy discounts. The data assumes a male driver, no accidents or driving violations, Arizona state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, multiple vehicle, homeowner, multiple policy, marriage, and defensive driving course discounts applied. When discounts are factored in, theaverage amount saved on car insurance for a Toyota Corolla is 28% or $609.
The diagram below demonstrates how deductibles can impact insurance premiums when researching cheap insurance for a Toyota Corolla. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
A 30-year-old driver could lower their car insurance rates by $312 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $468 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, can cut $950 each year just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it is essential to have additional funds in a savings account to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Why you should be shopping around
Arizona car insurance rates are influenced by many factors that can increase the policy price. Simply improving your credit, increasing liability limits, or getting a DUI can produce rate changes resulting in some rates now being more affordable than competitors. And not only may your rating factors change, but insurance companies change prices multiple times each year in order to maintain liquidity for claims. A period of increased losses may cause rate increases, while better underwriting can cause lower-cost Corolla insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Tucson, AZ for a 40-year-old male driver with a clear driving record, no claims, and great credit. If we estimate rates based on his current risk profile, The Hartford offers the cheapest car insurance rates in Tucson at $1,020 a year. This is $408 less than the average rate paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA round out the rest of the most affordable Tucson, AZ auto insurance companies.
The chart below compares rates after we give the driver in the first chart a claim or two, less-than-perfect credit, and a couple of points charged on his driving record. Since each auto insurer uses their own calculation for determining rates in each state, getting updated rate quotes could result in a different list of companies as shown below.
GEICO now has the cheapest auto insurance in Tucson, AZ with CSAA, Ameriprise Group, Auto-Owners, and Allied now being in the top five. This demonstrates why it is critical to shop around to get the most economical car insurance quotes for a Toyota Corolla.
Auto insurance prices are influenced by many factors and can change substantially, so the best company the last time you checked may now be one of the higher cost companies.
How to find the cheapest auto insurance for a Toyota Corolla
Lowering your rates is not difficult, and here are some penny-pinching ideas that can help you find cheaper coverage.
- Increase your deductibles
- Do not get traffic tickets
- If your vehicles are older, consider dropping full coverage
- Pay for smaller claims out-of-pocket
- Avoid accidents
- Shop around for cheaper prices
The last item on the list is particularly important, as we discussed in the prior article. Prices charged by auto insurers in Tucson can be changed at any time, so don't be tentative to switch companies if a lower-cost policy is available. Loyalty to a specific company is fine, but is isn't recommended if that inflexibility results in costing you a lot of money. It only takes a couple minutes to compare rates and find cheaper insurance for a Toyota Corolla.
If you aren't sure which coverage you need and prefer to have a little guidance when comparing insurance rates for a Corolla, the agents below can help you make a decision which coverages and limits you need.
To locate a Tucson insurance agent in your neighborhood, click the button after the list.
The Insurance House
2725 E Broadway Blvd - Tucson, AZ 85716 - (520) 795-7737
Crest Insurance Group LLC
5285 E Williams Cir #4500 - Tucson, AZ 85711 - (520) 881-5760
Charlie Riesgo - State Farm® Insurance Agent
131 S Camino Seco - Tucson, AZ 85710 - (520) 885-7717
Paul Heiser - State Farm Insurance Agent
2654 N Campbell Ave - Tucson, AZ 85719 - (520) 327-7884