Want to learn how to buy more competitive Toyota Corolla insurance in St. Louis? Trying to find better insurance prices for a new or used Toyota Corolla in Missouri can turn out to be an all-consuming task, but you can learn our insurance buying tips to find lower rates.
There are more efficient ways to buy insurance and you need to know the proper way to get price quotes for your Toyota and locate the lowest price from both online companies and St. Louis agents.
It's important to shop coverage around once or twice a year because prices are variable and change quite frequently. Even if you think you had the best price on Toyota Corolla insurance in St. Louis on your last policy you will most likely find a better rate quote today. Block out anything you think you know about insurance because I'm going to let you in on the secrets to the easiest way to lower your rates without sacrificing coverage.
If you have insurance now or just want to reduce your rates, follow these tips to find the best rates without reducing protection. Locating affordable insurance coverage in St. Louis is quite easy. Smart buyers only need an understanding of the most time-saving way to quote multiple rates from many different companies.
The most recommended method to compare rates for Toyota Corolla insurance in St. Louis is to understand car insurance companies have advanced systems to quote your coverage. The one thing you need to do is give them rating details including whether the vehicles are used for commuting, your credit rating estimate, if the car is leased, and whether you are single or married. The rating information gets transmitted to insurance companies and they return cost estimate with very little delay.
To start a rate quote now, click here then complete the form.
The following companies are ready to provide price comparisons in Missouri. If multiple companies are shown, it's a good idea that 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|
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Information does not factor in specific St. Louis garaging location which can modify coverage rates significantly.
Full coverage or liability only
The illustration below examines Toyota Corolla yearly insurance costs with liability coverage only compared to full coverage. The information is based on no accidents, no driving violations, $250 deductibles, married male driver, and no discounts are factored in.
When to drop comp and collision
There is no clear-cut rule for dropping full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let's say your Toyota Corolla settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying your deductible. If you are paying over $700 annually for your policy with full coverage, then it could be time to drop full coverage.
There are some scenarios where only buying liability is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not drop full coverage.
Reckless driving habits raise auto insurance rates
The illustration below shows how speeding tickets and at-fault accidents impact Toyota Corolla insurance costs for different categories of driver ages. The data is based on a married female driver, comp and collision included, $500 deductibles, and no discounts are applied.
Policy deductible comparison
The illustration below illustrates how your choice of deductibles and can change Toyota Corolla insurance costs for different insured age categories. The premiums are based on a married male driver, full coverage, and no discounts are factored in.
Slash rates with these money saving discounts
Companies that sell car insurance don't always publicize all possible discounts in a way that's easy to find, so we researched both well-publicized and the more hidden discounts that you may qualify for. If you don't get every credit you deserve, you are not getting the best rate possible.
- Theft Prevention System - Cars with anti-theft systems can help prevent theft and earn discounts up to 10% off your St. Louis car insurance quote.
- New Vehicle Savings - Buying a new car instead of a used Corolla can save you some money compared to insuring an older model.
- Accident Free - Claim-free drivers can earn big discounts as opposed to accident-prone drivers.
- ABS Brakes - Vehicles with ABS braking systems or traction control have fewer accidents and therefore earn up to a 10% discount.
- Policy Bundle Discount - When you have multiple policies with the same company you will save as much as 10 to 15 percent.
- Waiver for an Accident - This isn't a discount exactly, but companies like GEICO, State Farm, and Progressive permit an accident without getting socked with a rate hike as long as you don't have any claims prior to being involved in the accident.
One thing to note about discounts is that most discount credits are not given to the entire cost. Most only apply to individual premiums such as medical payments or collision. So when the math indicates you would end up receiving a 100% discount, it's just not the way it works.
Some of the insurance companies that may offer quotes with most of these discounts include:
If you want affordable Toyota Corolla insurance quotes, ask every prospective company which credits you are entitled to. All car insurance discounts might not be offered in your area. To see a list of insurance companies who offer discounts in St. Louis, click here.
Informed Drivers Can Lower Insurance Rates
One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that play a part in calculating the rates you pay for auto insurance. When you understand what controls the rates you pay, this enables informed choices that can help you get lower auto insurance prices.
Shown below are some of the major factors used by companies to determine your prices.
Vehicles with better crash test results means cheaper insurance - Cars with five star safety ratings tend to be cheaper to insure. Highly rated vehicles reduce the chance of injuries and better occupant protection translates into savings for insurance companies and more competitive rates for policyholders.
Rates increase with driving citations - Only having one citation may increase your cost by as much as thirty percent. Drivers who don't get tickets pay lower auto insurance prices than people who have multiple driving citations. Drivers who have gotten license-revoking citations such as DUI or willful reckless driving are required to file a SR-22 with their state's licensing department in order to legally drive.
Your credit history is important - Having a good credit score is a big factor in calculating your premium rate. Therefore, if your credit history is lower than you'd like, you could potentially save money when insuring your Toyota Corolla by taking the time to improve your credit score. Drivers with good credit tend to be more responsible and file fewer claims than drivers who have bad credit.
Incidental coverages that aren't used - Insurance policies have a lot of extra add-on coverages that may not really be needed if you aren't diligent. Insurance for things like vanishing deductibles, accidental death, and membership fees are probably not needed. They may seem good when buying your policy, but if you've never needed them in the past eliminate the coverages to reduce your premium.
Influences performance influences rates - The type of car you are insuring makes a significant difference in your rates. The most favorable rates are usually for economy passenger vehicles, but there are many factors that impact the final cost. Because the Toyota Corolla is considered a sedan, insuring your vehicle will cost about the same compared to average rates in St. Louis.
Always keep your coverage in force - Having a lapse in insurance coverage is a fast way to drive up your policy premiums. In addition to paying higher premiums, the inability to provide proof of insurance can result in fines and jail time.
Loss probability for a Toyota Corolla - Insurance companies factor in historical loss data when setting rates for each model. Vehicles that historically have higher frequency or amount of claims will have higher rates. The information below illustrates the collected loss data for Toyota Corolla vehicles.
For each coverage type, the statistical loss for all vehicles averaged together equals 100. Numbers shown that are under 100 are indicative of better than average losses, while percentage numbers above 100 point to more losses or an increased likelihood of larger losses.
Auto Insurance Loss Data for Toyota Corolla Models
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Car insurance quotes from local St. Louis insurance agencies
Some people would prefer to talk to a local agent and that is just fine! Insurance agents are highly skilled in risk management and help file insurance claims. The best thing about comparing car insurance online is you can get lower rates and also buy local. And supporting local agents is important especially in St. Louis.
Upon completion of this simple form, the quote information is immediately sent to agents in your area that give free quotes and help you find cheaper coverage. There is no reason to do any legwork because prices are sent straight to your inbox. If you wish to quote rates from a specific company, you can always visit that company's website to submit a rate quote request.
Picking the best company requires more thought than just a cheap price. These are some questions your agent should answer.
- Which companies do they recommend if they are an independent agency?
- Is the quote a firm price?
- Do they get paid more for recommending certain coverages?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Is their price quote a firm figure or are their hidden costs?
- What company holds the largest book of business for them?
- Does the agency have a positive business rating?
Don't assume everyone needs the same auto insurance coverage
When quoting and choosing the best auto insurance coverage for your personal vehicles, there really is not a one-size-fits-all type of policy. Each situation is unique so this has to be addressed. For example, these questions might help in determining whether or not you may require specific advice.
- Am I covered if hit by an uninsured driver?
- Who does medical payments coverage extend to?
- Does my policy cover my teen driver if they drive my company car?
- Why am I required to buy liability insurance?
- Am I insured when driving a different vehicle?
- Do I need replacement cost coverage?
- How do I buy GAP insurance?
- Is a blown tire covered by insurance?
If you can't answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.
The largest companies are not always cheapest
Missouri consumers can't escape the ads for the lowest price car insurance by companies like Progressive, Allstate and GEICO. They all seem to tend to make the same promise about how much you will save after switching your car insurance policy to them.
How can each company charge you a lower premium? Just pay attention to how they say it.
Companies quote their cheapest rates for the type of insured that earns them a profit. For instance, a profitable customer might have to be between the ages of 30 and 45, has never had a policy lapse, and drives a lower-performance vehicle. A propective insured who matches that profile will get the preferred premium rates in St. Louis and will save when they switch companies.
Potential customers who fall outside the "perfect" profile will probably have to pay a more expensive rate and this results in the driver buying from a lower-cost company. The ads state "drivers who switch" but not "all drivers who get quotes" can get the lowest rates when switching. This is how insurance companies can confidently claim big savings.
This really illustrates why drivers should compare rate quotes every year. It is impossible to predict which car insurance company will have better premium rates than you're paying now.
Insurance savings summarized
Throughout this article, we presented a lot of techniques to compare Toyota Corolla insurance premium rates in St. Louis. The key concept to understand is the more price quotes you have, the higher your chance of finding low cost St. Louis car insurance quotes. Drivers may even discover the best premium rates are with the smaller companies. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like State Farm or Progressive.
When buying insurance coverage, don't be tempted to reduce needed coverages to save money. There are many occasions where an insured dropped uninsured motorist or liability limits to discover at claim time that it was a big error on their part. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has Affordable Auto Insurance for a Toyota Camry in Missouri? (FAQ)
- What is the Cheapest Car Insurance in Mehlville, Missouri? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Teenage Females in Missouri? (FAQ)
- What Car Insurance is Cheapest for a Honda Civic in Missouri? (FAQ)
- Senior Drivers (Insurance Information Institute)
- Neck Injury FAQ (iihs.org)