Finding cheaper car insurance for a Toyota Corolla in Texas is fairly easy, but it depends on a complicated rating formula that uses factors such as your gender, your address, and the level of deductible you choose. Texas drivers pay approximately $1,062 each year to insure their Corolla, but that figure is a projection calculated based on a 50-year-old married female driver with full comprehensive and collision coverage and $100 deductibles.
But there is a high probability that you are not 50 and maybe not even a female, you might be single instead of married, and you may just want the cheapest liability coverage you can find. Even a minor change in rating criteria or coverage limits could end up in a significant change in how much insurance for a Toyota Corolla costs.
This illustrates why the only way to find cheap auto insurance rates for your Toyota is to put in the effort to do a thorough rate comparison. To start saving now, get free quotes and you will be able to see rates from the cheapest companies available.
The specific trim level will have an impact the annual cost of coverage, so the rate you pay to insure a Corolla LE model will be $32 cheaper than the insurance cost for the more expensive Corolla XRS model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Information does not factor in specific Dallas garaging location which can alter insurance rates noticeably.
Figuring out which company quotes the lowest-priced car insurance rates for a Toyota Corolla will involve a bit more effort in order to find the best price. Each auto insurer has their own process to set their prices, so to begin we’ll rank the lowest cost car insurance companies in Dallas, TX.
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|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
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Travelers has some of the most affordable car insurance rates in Dallas at around $1,041 per year. This is $863 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Dallas, TX auto insurance companies.
In this example, if you are currently insured with Texas Farm Bureau and switched to Travelers, you may see a yearly savings of about $206. Insureds with Germania Mutual might save as much as $215 a year, and Esurance policyholders might reduce rates by $338 a year.
These estimates are averages across all types of insureds and vehicles and are not factoring in a specific zip code for a Toyota Corolla. So the company that can offer the best rates for your situation may not even be in the top 23 companies in the list above. That point stresses why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
Types of discounts on Dallas auto insurance
Car insurance companies that sell policies for a Toyota Corolla may have discounts that could potentially reduce rates by 25% or more if you meet specific criteria. Companies and some of the discounts are shown below.
- State Farm offers premium reductions for Drive Safe & Save, Steer Clear safe driver discount, defensive driving training, student away at school, multiple autos, driver’s education, and anti-theft.
- Farmers Insurance may include discounts for pay in full, youthful driver, good student, multi-car, mature driver, teen driver, and bundle discounts.
- Progressive policyholders can earn discounts including continuous coverage, online signing, multi-vehicle, good student, online quote discount, and homeowner.
- GEICO offers discounts including good student, anti-theft, seat belt use, air bags, and multi-vehicle.
- Auto-Owners Insurance has savings for anti-theft, safe driver, paperless, mature driver, paid in full, company car, and anti-lock brakes.
- The Hartford includes discounts for air bag, defensive driver, bundle, driver training, and anti-theft.
- Farm Bureau offers discounts for safe driver, renewal discount, multi-policy, good student, youthful driver, and 55 and retired.
- USAA may offer discounts for military installation, vehicle storage, family discount, driver training, new vehicle, loyalty savings, and multi-policy.
The diagram below shows the difference between car insurance rates with and without discounts applied to the premium. The prices are based on a male driver, no claims or driving citations, Texas state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, vehicle safety, multiple vehicle, passive restraint, accident-free, and multiple policy discounts applied. When discounts are applied, the average savings per year on car insurance for a Toyota Corolla is 28% or $704.
Why you should be shopping around
Dallas car insurance rates are based on many factors which can substantially change the cost of coverage. Improving your credit rating, buying a new vehicle, or having an accident may generate price changes resulting in some companies being much cheaper than others.
In addition, car insurance companies amend premium rates every year to ensure their profitability. An unexpected high level of claims can cause price increases, while a better claims history can result in more affordable Corolla insurance rates.
The data below compares the cheapest car insurance in Dallas, TX for a 45-year-old male driver with no violations or accidents, and a good credit history. If we estimate prices based on his current risk profile, Travelers may offer the best car insurance rates in Dallas at $1,324 a year. This is $580 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining best Dallas, TX auto insurance companies.
Now we will pretend the driver from the first rate comparison a claim, a lower credit score, and a stop sign violation. Since every insurance provider has their own guidelines to determine rates, analyzing rates may now show a substantially altered list of cheap Dallas auto insurance companies as shown below.
State Farm now has the best car insurance rate in Dallas, TX with Mercury, USAA, Nationwide, and Safe Auto also being competitive. This example demonstrates why it is critical to shop around to find cheap auto insurance rates for a Toyota Corolla.
Rates can be altered by many things and can change without notice, so the most economical company the last time you shopped around may now cost much more than other companies.
If you wish to get some help when trying to find lower insurance rates for a Toyota Corolla, the agents shown below are a good start to help you determine which auto insurance policy fits you best. To locate a Dallas auto insurance agent by location nearest to you, click the button at the bottom of the list.
CJ Lingberg Insurance Agency
11884 Greenville Ave a101 – Dallas, TX 75243 – (972) 479-9911
Calema Insurance Agency
3021 Lombardy Ln #101 – Dallas, TX 75220 – (469) 341-7831
Bankhead Insurance Agency LLC
10935 Estate Ln #380 – Dallas, TX 75238 – (214) 343-1333