Trying to find better insurance prices for your Toyota Corolla in Texas can be a painful process, but you can follow a few tricks to find lower rates.
There is a right way and a wrong way to buy auto insurance and you need to know the absolute fastest way to get price quotes for a new or used Toyota and find the lowest price.
You should take the time to do rate comparisons periodically due to the fact that insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the best rates on Toyota Corolla insurance in Dallas six months ago you can probably find a better rate quote now. Forget all the misinformation about auto insurance because you’re about to learn the quickest way to properly buy coverages and cut your premium.
Discounts mean cheaper rates for Toyota Corolla insurance in Dallas
Auto insurance companies don’t necessarily list every available discount in a way that’s easy to find, so the list below details some of the more common and also the lesser-known car insurance savings. If you’re not getting every credit possible, you are paying more than you should be.
- Accident Forgiveness – Not a discount per se, but some companies like State Farm and GEICO will forgive one accident before they charge you more for coverage if you are claim-free for a set time period.
- Pay Early and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid monthly service charges.
- Policy Bundle Discount – If you insure your home and vehicles and insure them both with the same insurance company you will save as much as 10 to 15 percent.
- Sign Online – Certain car insurance companies will provide an incentive for completing your application online.
- Active Service Discounts – Being on active duty in the military may lower your prices slightly.
- No Claims – Good drivers with no accidents get the best car insurance rates when compared with bad drivers.
- Discounts for Responsible Drivers – Safe drivers can save up to 40% or more on their Dallas car insurance quote than less cautious drivers.
- Renewal Discounts – A few companies give discounts for renewing your policy prior to the expiration date on your current Corolla insurance policy. This can save 10% or more.
A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Even though the math looks like you could get a free car insurance policy, company stockholders wouldn’t be very happy.
The example below shows the difference between Toyota Corolla premium costs with and without discounts being applied to the rates. The price estimates are based on a female driver, no violations or accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, multi-policy, and marriage discounts applied.
Auto insurance companies that may offer most of these discounts include:
If you need low cost Dallas car insurance quotes, ask every company what discounts are available to you. Some credits might not apply in Dallas. To choose companies with discount rates in Texas, click this link.
The most recommended method to compare rate quotes for Toyota Corolla insurance in Dallas is to know most of the larger companies provide online access to compare their rates. To start a quote, the only thing you need to do is provide a little information including if you require a SR-22, if you’re married, how many miles driven, and how old drivers are. That rating data is then submitted to many of the top insurers and they return quotes quickly.
To find the cheapest Toyota Corolla insurance rates, click here and complete the form.
The following companies offer price quotes in Texas. If multiple providers are shown, we recommend you visit several of them in order to get a fair rate comparison.
Toyota Corolla insurance charts and tables
The rate information below highlights estimates of insurance policy prices for Toyota Corolla models. Having insight into how insurance rates are formulated is important to be able to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $256 | $594 | $366 | $22 | $110 | $1,348 | $112 |
| Corolla S | $256 | $594 | $366 | $22 | $110 | $1,348 | $112 |
| Corolla XLE | $256 | $594 | $366 | $22 | $110 | $1,348 | $112 |
| Corolla XRS | $288 | $594 | $366 | $22 | $110 | $1,380 | $115 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate information does not factor in vehicle location which can change coverage rates substantially.
Auto insurance deductibles
When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The following tables may help to illustrate the rate differences when you choose different insurance deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Corolla S | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Corolla XLE | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Corolla XRS | $332 | $584 | $382 | $22 | $114 | $1,459 | $122 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Corolla S | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Corolla XLE | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Corolla XRS | $270 | $472 | $382 | $22 | $114 | $1,260 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in your specific Dallas location which can change price quotes greatly.
Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $15 more each month or $180 for a full year across all Toyota Corolla models than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 17 months between claim filings, you would save money if you choose the higher deductible.
Calculation for raising deductibles
| Average monthly premium for $250 deductibles: | $119 |
| Average monthly premium for $500 deductibles (subtract): | – $104 |
| Monthly savings from raising deductible: | $15 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $15 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
One big caveat is that increasing deductibles to save money results in more money out-of-pocket when you do file a claim. You will want to have some non-essential savings in the event you need to pay the higher deductible.
Everyone needs different insurance coverages
When quoting and choosing a policy, there really is no one-size-fits-all type of policy. Each situation is unique.
For example, these questions might help in determining whether or not you would benefit from professional advice.
- What does roadside assistance cover?
- Am I covered when driving a rental car?
- Will filing a claim cost me more?
- What are the best liability limits?
- Do I have coverage when using my vehicle for my home business?
- Do I need special endorsements for business use of my vehicle?
- When should I have rental car coverage?
- What does medical payments coverage do?
If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.
Independent versus exclusive insurance agents
Some people would prefer to buy from a local agent and doing that can be a smart decision Experienced insurance agents can help you build your policy and will help you if you have claims. A nice benefit of price shopping on the web is that you can find the lowest rates but still work with a licensed agent. Buying insurance from neighborhood agents is still important in Dallas.
To find an agent, once you fill out this short form, the coverage information is sent to agents in your area who will give competitive quotes for your business. There is no need to do any legwork since rate quotes are delivered to you. In the event you want to compare rates from a specific company, feel free to find their quoting web page and complete a quote there.
Below is a short list of insurance companies in Dallas that may be willing to give comparison quotes for Toyota Corolla insurance in Dallas.
- Brent Holtz – State Farm Insurance Agent
3427 E Trinity Mills Rd #601 – Dallas, TX 75287 – (972) 306-1234 – View Map - State Farm: Brent Cooper
5232 Forest Ln #111 – Dallas, TX 75244 – (214) 987-1995 – View Map - State Farm Insurance: Scott LaDuke Agency
2702 McKinney Ave #203 – Dallas, TX 75204 – (214) 740-1800 – View Map - Insurance One
14180 Dallas Pkwy #900 – Dallas, TX 75254 – (972) 267-8000 – View Map
Finding the right insurance company should depend on more than just a cheap price quote. Any agent in Dallas should be willing to answer these questions.
- Do the companies they represent have a solid financial rating?
- Will the agent help in case of a claim?
- Has the agent ever had any license suspensions?
- How long has their agency been open in Dallas?
- Where would glass claims be handled in Dallas?
- Is coverage determined by price?
- If you raise deductibles, how much can you save?
Do the work, save more money
Throughout this article, we presented a lot of information how to find lower-cost Toyota Corolla insurance in Dallas. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even be surprised to find that the biggest savings come from a smaller regional carrier.
Some insurance providers may not offer rate quotes online and most of the time these regional carriers work with independent insurance agents. Cost effective Toyota Corolla insurance is available online as well as from independent agents in Dallas, so you need to compare both in order to have the best price selection to choose from.
When you buy Dallas car insurance online, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage at the best price while not skimping on critical coverages.
Steps to buying affordable Toyota Corolla insurance in Dallas
Really, the only way to get budget car insurance rates in Dallas is to make a habit of comparing prices annually from insurance carriers who can sell car insurance in Texas. Price quotes can be compared by following these steps.
- First, read about the coverage provided by your policy and the factors you can control to keep rates down. Many rating factors that result in higher rates like traffic violations and a less-than-favorable credit history can be controlled by paying attention to minor details.
- Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple insurance companies. View prices
- Third, compare the quotes to your current policy and determine if there is any savings. If you find better rates, make sure there is no lapse in coverage.
One piece of advice is to use identical coverage information on every quote and and to get rate quotes from as many companies as feasibly possible. This enables a fair price comparison and the most accurate and complete price analysis.
For more information, link through to the following helpful articles:
- Cellphones, Texting and Driving (iihs.org)
- Who Has the Cheapest Car Insurance Quotes for a Honda CR-V in Dallas? (FAQ)
- Older Driver Statistics (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)