Are you searching for more competitive insurance rates in Springfield, MO? Springfield consumers have many options when looking for affordable Toyota Corolla insurance. They can either spend hours driving around to compare prices or utilize the internet to compare rates.
There are both good and bad ways to find insurance online so you're going to learn the absolute fastest way to compare rates on a Toyota and obtain the lowest price either online or from Springfield insurance agents.
A recent survey discovered that nearly 70% of Missouri drivers kept buying from the same company for at least four years, and just short of a majority have never compared rates with other companies. American drivers can save approximately $850 each year just by shopping around, but they just feel it's too hard to compare rate quotes.
Smart Choices Result in Lower Insurance Premiums
Many different elements are taken into consideration when premium rates are determined. Some are obvious such as your driving history, but other factors are less obvious such as your marital status or how financially stable you are. When buying auto insurance it's important to understand some of the things that come into play when calculating your auto insurance rates. If you know what determines premiums, this allows you to make educated decisions that could help you find cheaper rates.
- When should you file a policy claims? - Insurance companies in Missouri generally give the best rates to policyholders who only file infrequent claims. If you're an insured who likes to file claims you can expect increased rates or even have your policy non-renewed. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
- Women tend to cost less - The statistics show that females tend to be a little less risky than males. Now that doesn't mean men are worse drivers. Women and men get in fender benders at about the same rate, but guys have accidents that have higher claims. Men also statistically get ticketed for serious violations like DUI and reckless driving.
- Save by driving less - The higher the mileage driven annually the more you'll pay to insure your vehicle. Many insurance companies charge to insure your cars determined by how the vehicle is used. Autos that sit idle most of the time cost less to insure than cars that get driven a lot. A policy that improperly rates your Corolla can result in significantly higher rates. It's a smart idea to ensure your auto insurance coverage states the correct usage for each vehicle.
- Better rates on vehicles with better crash test results - Vehicles that have high safety ratings tend to have lower insurance rates. Vehicles engineered for safety protect occupants better and any reduction in injury severity means your insurance company pays less which can result in lower premiums. If your Toyota Corolla is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
- Don't cut corners with liability - The liability section of your policy kicks in in the event that you are responsible for damages from an accident. It will provide for a legal defense starting from day one. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
- Insurance is expensive for youthful drivers - Inexperience drivers tend to get distracted easily with other occupants in the car therefore auto insurance rates are much higher. Older insureds have been proven to be more responsible, tend to file fewer claims, and get fewer tickets.
- Multiple policies with one company can save - Most insurers afford better rates to customers that purchase more than one policy such as combining an auto and homeowners policy. This can amount to ten or even fifteen percent. Even if you already get this discount, consumers should still comparison shop to guarantee you are still saving the most.
- Never let your auto insurance policy expire - Allowing your auto insurance policy to lapse is a fast way to increase your renewal premiums. Not only will rates go up, failure to provide proof of insurance could result in a hefty fine and possibly a revoked license.
- Claims statistics for a Toyota Corolla - Companies study historical loss data when they calculate premium costs for each model. Vehicles that historically have a trend towards higher claims will have a higher premium rate.
The table below shows the loss history for Toyota Corolla vehicles. For each type of coverage, the loss probability for all vehicles as a whole equals 100. Percentage values below 100 indicate better than average losses, while percentage values above 100 indicate frequent claims or a tendency for losses to be larger than average.
Insurance Loss Ratings for Toyota Corolla Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Corolla 133 111 94 156 158 128
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The most recommended method to compare car insurance company rates for Toyota Corolla insurance in Springfield is to know the fact almost all companies pay for the opportunity to provide you with free rate quotes. All you need to do is spend a couple of minutes providing details including whether you have decent credit, how much education you have, if you have an active license, and what you do for a living. Your information is instantly sent to multiple companies and you should receive rate quotes very quickly.
If you would like to compare rates now, click here and find out if lower rates are available in Springfield.
The auto insurance companies shown below are ready to provide comparison quotes in Springfield, MO. If multiple companies are shown, it's highly recommended you visit two to three different companies in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Prices do not factor in specific location which can revise insurance rates greatly.
Do you need full coverage?
The example below illustrates the difference between Toyota Corolla insurance costs with full coverage compared to only the Missouri minimum liability coverage. The rate quotes are based on a clean driving record, no claims, $100 deductibles, married female driver, and no discounts are factored in.
Are you wasting money paying for full coverage?
There isn't a written rule for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let's say your Toyota Corolla claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the policy deductible has been paid. If you are paying in excess of $700 a year for your policy with full coverage, then it could be time to drop full coverage.
There are a few cases where only buying liability is not in your best interest. If you haven't paid off your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Auto insurance premiums based on gender
The example below illustrates the difference between Toyota Corolla yearly insurance costs for male and female drivers. The premiums assume no violations or claims, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are factored in.
Are insurance companies telling the truth?
Consumers in Missouri can't escape the ads that claim the lowest rates by companies like Progressive, GEICO, Allstate and State Farm. All the ads tend to make the same promise about saving some big amount just by moving your insurance policy to them.
How does every company have lower policy pricing? It's all in the wording.
Companies give the cheapest rates for the driver that makes them money. For example, a desirable risk may be over the age of 45, has had continuous coverage, and chooses high deductibles. Any customer who matches those parameters will get low rates and will save some money.
Potential insureds who don't measure up to these criteria will have to pay a higher premium with the end result being the customer not purchasing. The ads state "drivers who switch" not "everybody who quotes" can get the lowest rates when switching. That's the way companies can make those statements.
This illustrates why you absolutely need to get as many free Springfield auto insurance quotes as possible. It's just too difficult to predict which insurance company will provide the lowest Toyota Corolla insurance in Springfield.
Why you need insurance for your Toyota vehicle
Despite the high insurance cost for a Toyota Corolla in Springfield, buying insurance may not be optional for several reasons.
- Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to drive the car legally. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Toyota, it's most likely the lender will make it a condition of the loan that you have insurance to protect their interest in the vehicle. If you default on your policy, the lender may have to buy a policy to insure your Toyota for a much higher rate and force you to reimburse them for the much more expensive policy.
- Insurance protects both your Toyota Corolla and your personal assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, your policy will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car outweigh the cost, especially with large liability claims. Unknowingly, the average driver is overpaying over $850 per year so you should quote your policy with other companies every year to be sure current rates are still competitive.
Affordable Springfield insurance quotes with discounts
Not too many consumers would say insurance is affordable, but you might find some hidden discounts to reduce the price significantly. Some trigger automatically when you purchase, but some need to be requested specifically in order for you to get them.
- Pay Upfront and Save - By paying your policy upfront rather than paying in monthly installments you can avoid monthly service charges.
- Save over 55 - Drivers that qualify as senior citizens can get a slight reduction on a Springfield auto insurance quote.
- Multiple Policy Discount - If you can bundle your auto and homeowners insurance with the same insurance company you will save approximately 10% to 15%.
- Driver's Ed - Require your teen driver to successfully complete driver's ed class if offered at their school.
- Paperless Signup - Some companies will give you a small discount for buying your policy on the internet.
- Early Renewal Discounts - Some companies reward drivers for switching companies before your current Corolla insurance policy expires. You could save around 10% when you buy Springfield auto insurance online.
It's important to note that some credits don't apply to the overall cost of the policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, it's just not the way it works.
Car insurance companies who may offer most of the discounts above include:
Before buying, ask each insurance company how many discounts you can get. Some of the earlier mentioned discounts may not apply in every state. If you would like to see a list of insurance companies that provide some of the discounts listed above in Springfield, click this link.
Buying insurance from Springfield car insurance agents
A small number of people still prefer to sit down with an agent and that can be a great decision Insurance agents are highly skilled in risk management and help submit paperwork. An additional benefit of comparing insurance online is you may find better rates but also keep your business local. And providing support for neighborhood insurance agencies is important particularly in Springfield.
By using this form (opens in new window), the quote information gets sent to local insurance agents that give free quotes for your insurance coverage. You never need to visit any agencies since rate quotes are delivered to the email address you provide. If you have a need to get a price quote from one company in particular, feel free to go to their quote page and fill out the quote form the provide.
Choose an insurance agent wisely
If you need to find local Springfield agents, you need to know there are two types of insurance agents that you can select. Springfield agents are considered either independent agents or exclusive agents depending on their employer. Both provide insurance policies, but it's worth mentioning how they differ because it can influence which agent you choose.
Independent Insurance Agencies or Brokers
Agents in the independent channel often have many company appointments so as a result can place your coverage through lots of different companies and find you the best rates. If they quote lower rates, your policy is moved internally and you don't have to switch agencies. When comparing rate quotes, you will want to get rate quotes from several independent agencies so that you have a good selection of quotes to compare. Most independent agents also contract with lesser-known insurance companies which may have better rates.
Listed below is a small list of independent agencies in Springfield that may be able to provide rate quotes.
- Charles L Crane Agency Co
3333 S National Ave # 203 - Springfield, MO 65807 - (417) 883-6868 - View Map
- Fortner Insurance Services
1519 E Sunshine St - Springfield, MO 65804 - (417) 882-5560 - View Map
- Ron Anderson Insurance
2317 S Campbell Ave - Springfield, MO 65807 - (417) 877-9258 - View Map
Exclusive insurance agents can usually just insure with one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot provide rate quotes from other companies so you might not find the best rates. Exclusive agencies receive extensive training on their company's products which helps overcome the inability to quote other rates. Many people choose to use an exclusive agent mostly because of the brand and the convenience of having a single billing for all their coverages.
Listed below are Springfield exclusive insurance agencies that are able to give comparison quotes.
- Clint Harris - State Farm Insurance Agent
2925 W Republic Rd #120 - Springfield, MO 65807 - (417) 881-1120 - View Map
- State Farm: Mike Breeding
1855 S National Ave, Suite B - Springfield, MO 65804 - (417) 882-2800 - View Map
- State Farm: Vic Stuart
3020 E Battlefield Rd - Springfield, MO 65804 - (417) 882-8292 - View Map
Choosing an insurance agent needs to be determined by more than just the quoted price. These are some valid questions you should ask.
- Has the agent ever had any license suspensions?
- How long has their agency been open in Springfield?
- Are claims handled at the agent's location?
- Will your rates increase after a single accident?
- Did they already check your driving record and credit reports?
After talking to the agent and getting positive responses to any questions you have and an acceptable price quote, it's a good possibility that you have found an insurance agency that meets your needs to insure your vehicles.
Auto insurance can get complicated
When choosing your policy for your vehicles, there really is not a "best" method to buy coverage. Your needs are not the same as everyone else's and your policy should reflect that. For example, these questions could help you determine if your insurance needs might need an agent's assistance.
- Is my custom paint covered by insurance?
- What are the financial responsibility laws in my state?
- Does coverage extend to a rental car in a foreign country?
- Am I covered when driving in Canada or Mexico?
- When can I cancel my policy?
- What are the liability requirements in my state?
- Are there companies who specialize in insuring high-risk drivers?
- If I use my vehicle for business use is it covered?
- Does my Toyota Corolla qualify for pleasure use?
If you can't answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and may give you better protection.
Cheaper insurance rates are out there
As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed uninsured motorist or liability limits to discover at claim time that they should have had better coverage. Your goal is to purchase plenty of coverage at the lowest possible cost, but do not skimp to save money.
You just learned some good ideas how you can shop for Toyota Corolla insurance online. The key concept to understand is the more companies you get prices for, the better likelihood of getting the cheapest Toyota Corolla rate quotes. Drivers may even discover the best price on insurance is with the smaller companies. These smaller insurers may cover specific market segments cheaper compared to the large companies like Allstate or State Farm.
More learning opportunities
- Auto Insurance Learning Center (State Farm)
- How Much are Missouri Car Insurance Rates for Seniors? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Teenage Females in Missouri? (FAQ)
- Who Has Cheap Missouri Car Insurance Rates for Real Estate Agents? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Teachers in Missouri? (FAQ)
- How Much is Missouri Auto Insurance for a Jeep Wrangler? (FAQ)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Child Safety FAQ (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)