2017 Toyota Corolla iM Car Insurance Cost in 2024

Want the cheapest auto insurance rates for your Toyota Corolla iM? Are you tired of not being able to afford each month for auto insurance? You are no different than millions of other consumers.

There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to be able to choose, it can be more difficult to compare company pricing.

Discounts for lower-cost insurance rates

Car insurance companies don’t always publicize every discount available in an easy-to-find place, so the list below gives a summary of a few of the more well known as well as some of the hidden credits that may apply to you.

• Telematics Devices – Drivers who elect to allow driving data collection to scrutinize when and where they use their vehicle by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they exhibit good driving behavior.
• Active Military Service – Being deployed in the military may lower your insurance rates slightly.
• Distant College Student Discount – who live away from home to go to college and do not take a car to college may be able to be covered for less.
• Organization Discounts – Affiliation with specific professional or occupational memberships or organizations could trigger savings when shopping for insurance.
• Good Grades Discount – Being a good student could provide a savings of up to 20% or more. This discount can apply until age 25.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy some life insurance too.
• Anti-theft System – Cars equipped with tracking devices and advanced anti-theft systems can help prevent theft so companies will give you a small discount.

Don’t be shocked that most discount credits are not given to the entire policy premium. Most only cut specific coverage prices like liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, nobody gets a free ride.

A list of companies and a summarized list of policyholder discounts can be found below.

• 21st Century offers discounts for teen driver, homeowners, defensive driver, student driver, theft prevention, early bird, and good student.
• State Farm policyholders can earn discounts including accident-free, Steer Clear safe driver discount, defensive driving training, safe vehicle, student away at school, Drive Safe & Save, and good driver.
• AAA discounts include multi-policy, anti-theft, multi-car, pay-in-full, AAA membership discount, good driver, and education and occupation.
• Liberty Mutual may have discounts that include new graduate, new move discount, exclusive group savings, preferred payment discount, new vehicle discount, and teen driver discount.
• Progressive may include discounts for homeowner, multi-vehicle, online quote discount, online signing, good student, and continuous coverage.

Before buying, ask all companies you are considering which discounts you may be entitled to. Some discounts might not be available to policyholders in your area. To view providers that offer many of these discounts, enter your zip code here.

You may need specialized car insurance coverage

When it comes to choosing the best car insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. For example, these questions can help discover if your situation would benefit from professional advice.

• Which is better, split liability limits or combined limits?
• Is my cargo covered for damage or theft?
• Is my vehicle covered by my employer’s policy when using it for work?
• Is rental equipment covered for theft or damage?
• How does medical payments coverage work?
• When should my teen driver be added to my policy?
• When can my company non-renew my policy?
• Who is covered when they drive my 2017 Toyota Corolla iM?

If you’re not sure about those questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and enter your zip code.

Insurance buyers beware

Insurance companies such as 21st Century, Allstate and State Farm seem to constantly run ads on television and other media. They all try to convey promises about savings just by moving your policy. It sounds good, but how can they all offer drivers better rates? It’s all in the numbers.

Insurance companies provide the lowest rates for a prospective insured that earns them the highest profit. An example of a profitable risk profile could be between 25 and 40, has other policies, and drives a lower-performance vehicle. A prospective insured who matches that profile is entitled to the best price and will probably cut their rates if they switch.

Potential insureds who may not quite match these standards will probably be forced to pay higher premiums and ends up with business not being written. The wording the ads use say “drivers that switch” but not “all drivers who get quotes” save that kind of money. That’s the way companies can make claims that they all have the best car insurance rates.

This really illustrates why drivers must do a quote comparison often. It’s just too difficult to predict which insurance companies will provide you with the cheapest rates.

Auto insurance 101

Having a good grasp of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages available from insurance companies.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Corolla iM.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits are set the same as your liability limits.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as EMT expenses, rehabilitation expenses, prosthetic devices, hospital visits and surgery. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive protection

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as falling objects, damage from a tornado or hurricane, a tree branch falling on your vehicle, damage from getting keyed and damage from flooding. The most a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverage

This coverage protects you from damage that occurs to a person or their property. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as medical expenses, bail bonds, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Coverage for collisions

This pays for damage to your Corolla iM resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as colliding with another moving vehicle, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to bring the cost down.

In any little way, save everyday

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. Too many times, an insured cut uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at the lowest possible cost, but do not skimp to save money.

A few companies don’t offer price quotes online regional carriers prefer to sell through independent insurance agents. More affordable auto insurance can be bought both online as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from.