Compare Toyota Corolla Insurance Quotes in Los Angeles

I really doubt anyone enjoys paying for insurance, especially knowing they could find better prices if they shop around.

A recent insurance study revealed that most consumers in California have purchased from the same company for well over three years, and just short of a majority have never compared rates from other carriers. American insurance shoppers could save up to $850 a year just by getting comparison quotes, but they just assume it takes a lot of time to find lower-cost insurance by shopping around.

Lots of insurance companies contend for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and uncover the absolute lowest price on Toyota Corolla insurance in Los Angeles.

It’s important to get comparison quotes before your policy renews because rates change quite often. Just because you had the best rate on Toyota Corolla insurance in Los Angeles a year ago you can probably find a lower rate today. Ignore everything you know about insurance because it’s time to teach you one of the best ways to find better rates and still maintain coverage.

Los Angeles insurance discounts for a Toyota Corolla

Auto insurance is not cheap nor is it fun to buy but discounts can save money and there are some available that you may not even be aware of. Certain discounts will be applied at the time of quoting, but some must be manually applied before they will apply.

• Theft Deterrent System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen so companies will give you a small discount.
• Early Payment Discounts – If you can afford to pay the entire bill rather than spreading payments over time you can actually save on your bill.
• Accident Forgiveness Coverage – This one isn’t a discount, but a handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a certain period of time.
• Student in College – Kids who are enrolled in a college that is more than 100 miles from Los Angeles and won’t have access to an insured vehicle can be insured at a reduced rate.
• Professional Organizations – Belonging to a professional or civic organization can get you a small discount on your next auto insurance statement.
• Early Switch Discount – Select auto insurance companies give a discount for switching companies before your current coverage expires. It could save around 10% when you buy Los Angeles car insurance online.
• Senior Citizen Discount – If you’re over the age of 55, you may qualify for a small discount on rates.
• Federal Employees – Active or former government employment may qualify for a discount when you quote Los Angeles car insurance with select insurance companies.

Just know that some credits don’t apply to the whole policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, it’s just not the way it works. But all discounts should definitely cut the cost of coverage.

The illustration below compares Toyota Corolla car insurance rates with and without discounts applied to the policy premium. The data is based on a male driver, no claims or driving violations, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, homeowner, claim-free, and marriage discounts applied.

For a list of auto insurance companies that offer multiple discounts in California, click this link.

How to find the cheapest Toyota Corolla insurance in Los Angeles, CA

To get inexpensive Los Angeles car insurance quotes, there a variety of ways of comparing price quotes from all the different companies. The simplest method to comparison shop is to jump online and get quotes.

Doing price comparisons online is so simple that it makes it obsolete to call or drive to insurance agents’ offices. The fact that you can get quotes online can eliminate the need for a local agent unless your situation requires the professional guidance that only an agent can give. However, consumers can get prices online but purchase the actual policy in an agency. Just remember that comparing a wide range of rates will enable you to find more affordable insurance. Some companies don’t provide online price quotes, so you also need to get price quotes from them as well.

The companies shown below provide free quotes in Los Angeles, CA. If multiple providers are shown, we suggest you visit two to three different companies to get a more complete price comparison.

Rates and information analytics

The premium table below covers different prices for Toyota Corolla models. Being more informed about how insurance rates are calculated can help you make smart choices when comparing insurance rates.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Information does not factor in specific Los Angeles garaging location which can change coverage prices substantially.

Should you raise deductibles?

The hardest decision when buying coverage is how high should your deductibles be. The rates shown below illustrate the cost difference when you choose different physical damage coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in your specific Los Angeles location which can revise premium rates noticeably.

Based on this data, using a $250 deductible could cost the average driver approximately $18 more each month or $216 each year averaged for all Corolla models than opting for the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 14 months between claim filings, you would probably come out ahead by selecting a higher deductible. The table below shows how you can perform this determination yourself.

Age, gender, and Toyota Corolla insurance

The diagram below illustrates the difference between Toyota Corolla premium costs for male and female drivers. The rate quotes are based on no claims, a clean driving record, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are applied.

Insurance Premium Influencing Factors

Lots of things are part of the equation when quoting car insurance. Some are pretty understandable like your driving record, but other criteria are not quite as obvious like where you live or how safe your car is.

The list below includes a few of the “ingredients” used by your company to calculate your rates.

• Careless drivers pay higher rates – Having a clean driving record can have a huge impact on auto insurance premiums. Good drivers get better rates than people who have multiple driving citations. Having a single ticket may increase your cost by as much as twenty percent. Drivers who have received careless tickets such as DUI or reckless driving are required to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.

  The diagram below demonstrates how traffic citations and at-fault accidents drive up Toyota Corolla annual premium costs for different age groups of insureds. The information is based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

• Use but don’t abuse your insurance – Insurance companies in California award the best rates to insureds who are claim-free. If you file a lot of claims you can look forward to higher rates. Auto insurance is meant to be used in the event of larger claims.
• Low coverage deductibles cost more – The deductibles you choose state the amount of money you are required to pay if a covered claim is submitted. Coverage for physical damage, aka comp and collision, protects your car from damage. A few examples of covered claims are a windshield broken by a bird, fire damage, and damage caused by road hazards. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for insurance.
• Do you need those extra coverages? – There are a lot of add-on coverages you can purchase if you don’t pay attention. Insurance for rental car coverage, death and dismemberment, and extra equipment coverage may be costing you every month. They may seem like a good idea when discussing your needs, but if you have no use for them eliminate the coverages to reduce your premium.

• Lower performance equals lower insurance costs – The type of car you drive makes a big difference in your auto insurance rates. Smaller low performance passenger cars receive the most favorable rates, but your final cost has many other factors.

  The chart below uses these variables: married male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Toyota Corolla car insurance rates compared to other models that have different performance rating factors.

• The higher your credit score the lower your rates – An insured’s credit score will be a significant factor in calculating your premium rate. Therefore, if your credit is lower than you’d like, you could save money insuring your Toyota Corolla by spending a little time repairing your credit. Consumers who have good credit tend to be more responsible than those with lower credit scores.

• Toyota Corolla insurance loss statistics – Car insurance companies use data from past claims to help determine prices. Vehicles that are shown to have a trend towards higher claims will have a higher cost to insure.

  The data below shows the insurance loss data used by companies for Toyota Corolla vehicles. For each policy coverage type, the claim amount for all vehicles compiled together is a value of 100. Percentage values below 100 mean the vehicle has better than average losses, while numbers that are greater than 100 show a trend for more claims or an increased chance of a larger loss.

  
  

  Toyota Corolla Insurance Loss Statistics

  Specific Toyota 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

Buying insurance from Los Angeles insurance agencies

Certain consumers just want to buy from a local agent and that can be a great decision The best thing about comparing rates online is that you can obtain the best rates and still buy from a local agent. Buying from and supporting neighborhood agents is definitely important in Los Angeles.

Upon completion of this quick form, your insurance coverage information is transmitted to insurance agents in Los Angeles who will gladly provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to find an agent since price quotes are sent to you directly. You’ll get the best rates AND a local agent. If you wish to quote rates from a specific insurance provider, you would need to search and find their rate quote page and fill out their quote form.

Los Angeles auto insurance agents are either independent or exclusive

When searching for an insurance agent, there are a couple of types of agencies that you can select. Insurance agents are categorized either exclusive or independent.

Independent Agents (or Brokers)

Agents in the independent channel are not employed by any specific company so they can insure your vehicles through lots of different companies depending on which coverage is best. If your agent finds better pricing, they simply move your policy to a different company and you can keep the same agent.

When shopping rates, we recommend you get several quotes from several independent agencies for the best price selection.

The following is a list of independent agents in Los Angeles that may be able to give you free insurance rate quotes.

View more agents

Exclusive Insurance Agencies

Agents that choose to be exclusive write business for a single company such as Allstate, Farmers Insurance or State Farm. These agents are unable to place coverage with different providers so you might not find the best rates. Exclusive agents are very knowledgeable on their company’s products which helps them compete with independent agents.

Listed below is a short list of exclusive insurance agencies in Los Angeles that can give you rate quotes.

View more agents

Choosing the best auto insurance agent requires you to look at more than just a cheap quote. Here are some questions you might want to ask.

• Does the agency have a good rating with the Better Business Bureau?
• Can they provide you with a list of referrals?
• Is the agency active in community causes in Los Angeles?
• Which companies do they recommend if they are an independent agency?
• Is their price quote a firm figure or are their hidden costs?
• Do they have designations such as AIC, CPCU, or CIC?

Three main reasons to buy car insurance

Despite the fact that car insurance is not cheap in Los Angeles, paying for car insurance is required by state law in California and it also provides benefits you may not be aware of.

• Almost all states have mandatory liability insurance requirements which means you are required to buy a specific level of liability in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If your Corolla has a loan, most banks will force you to buy full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Toyota for a lot more money and make you pay a much higher amount than you were paying before.
• Insurance protects not only your vehicle but also your financial assets. It also can pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance outweigh the cost, especially with large liability claims. But the average American driver overpays more than $855 a year so compare quotes from several companies at every policy renewal to be sure current rates are still competitive.

Be persistent and save

When searching for affordable Toyota Corolla insurance quotes, never buy less coverage just to save a little money. Too many times, an insured dropped physical damage coverage only to discover later that it was a big mistake. Your aim should be to find the BEST coverage at the lowest possible cost but still have enough coverage for asset protection.

Lower-priced insurance in Los Angeles can be purchased from both online companies and from local insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies may not provide the ability to get a quote online and most of the time these smaller companies only sell coverage through independent agencies.

Throughout this article, we presented some good ideas how you can save on Toyota Corolla insurance in Los Angeles. It’s most important to understand that the more price quotes you have, the better your comparison will be. Consumers may even find the best car insurance rates are with a small local company. These smaller insurers may often insure only within specific states and give better rates compared to the large companies like Progressive and GEICO.

For more information, feel free to browse the following helpful articles:

• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Who Has the Cheapest Car Insurance Quotes for 16 Year Olds in Los Angeles? (FAQ)
• Who Has Cheap Auto Insurance Quotes with Multiple Speeding Tickets in Los Angeles? (FAQ)
• Auto Insurance Facts and Statistics (Insurance Information Institute)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)