Cheap Insurance for a Toyota Corolla in Riverside

Do you get exhausted from wondering where the money will come from to insure your Toyota every month? You have the same problem as the majority of other vehicle owners in California.

Insurance for Toyota CorollaA recent insurance study discovered that a large majority of drivers in California kept buying from the same company for over three years, and just under half have never compared rates to find affordable insurance. Many drivers in the U.S. can save almost 46.5% each year by just comparing rate quotes, but they don’t understand how simple it is to do a rate comparison. Multiple insurance companies compete to insure your vehicles, so it can be very hard to choose a insurance company and get the best coverage at the lowest cost out there.

The companies in the list below are ready to provide quotes in Riverside, CA. If more than one company is shown, we recommend you visit several of them in order to get a fair rate comparison.

Cheaper Riverside car insurance rates with discounts

Not many people think insurance is cheap, but there’s a good chance there are discounts that could drop your premiums quite a bit. Some discounts will apply when you complete an application, but occasionally some discounts must be inquired about before they will apply.Discount car insurance

Please keep in mind that some credits don’t apply to your bottom line cost. Most cut the price of certain insurance coverages like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, that’s just not realistic.

The example below shows the difference between Toyota Corolla yearly insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no violations or accidents, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, multi-policy, safe-driver, and homeowner discounts applied.

A list of car insurance companies and their offered discounts are outlined below.

When comparing rates, check with every insurance company which discounts you qualify for. Some discounts listed above might not be available to policyholders in Riverside. To view companies that offer multiple discounts in California, click here.

Toyota Corolla detailed coverage information

The premium information displayed below covers different insurance prices for Toyota Corolla models. Being more informed about how car insurance premiums are calculated can be valuable when making decisions on the best policy coverages.

Toyota Corolla Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $372 $930 $534 $32 $160 $2,028 $169
Corolla S $372 $930 $534 $32 $160 $2,028 $169
Corolla XLE $372 $930 $534 $32 $160 $2,028 $169
Corolla XRS $420 $930 $534 $32 $160 $2,076 $173
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Table data does not factor in zip code location which can lower or raise premium rates substantially.

Higher deductibles save money

A question often asked by Riverside drivers is which deductibles should you choose. The following insurance rates can help illustrate the rate fluctuation between high and low comp and collision deductibles. The first set of rates uses a $100 deductible and the second price chart uses a $1,000 deductible.

Toyota Corolla insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $380 $810 $442 $26 $132 $1,815 $151
Corolla S $380 $810 $442 $26 $132 $1,815 $151
Corolla XLE $380 $810 $442 $26 $132 $1,815 $151
Corolla XRS $430 $810 $442 $26 $132 $1,865 $155
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Toyota Corolla insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $210 $426 $442 $26 $132 $1,236 $103
Corolla S $210 $426 $442 $26 $132 $1,236 $103
Corolla XLE $210 $426 $442 $26 $132 $1,236 $103
Corolla XRS $238 $426 $442 $26 $132 $1,264 $105
Get Your Own Custom Quote Go

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

Based on the above data, using a $100 deductible costs approximately $48 more each month or $576 for a full year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 19 months between claims, you would more than likely save some money if you elect the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $152
Average monthly premium for $1,000 deductibles (subtract): – $104
Monthly savings from raising deductible: $48
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $48
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

The example below highlights how deductible selection and can increase or decrease Toyota Corolla insurance costs for different categories of driver ages. Data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Comparison of insurance rates by gender and age

The information below visualizes the comparison of Toyota Corolla auto insurance rates for male and female drivers. Data assumes no claims or driving citations, comp and collision included, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Shop online but buy locally

Certain consumers just prefer to get professional advice from a licensed agent and that is not a bad decision Good agents are trained to spot inefficiencies and help you file claims. The biggest benefit of comparing rate quotes online is the fact that drivers can get cheap auto insurance quotes and still buy from a local agent. Supporting neighborhood agents is still important in Riverside.

Insurance agents in RiversideTo find an agent, once you fill out this form (opens in new window), the coverage information is immediately sent to agents in your area who will give you bids and help you find cheaper coverage. It makes it easy because there is no need to contact any agents since rate quotes are delivered immediately to you. If you have a need to get a rate quote from a specific auto insurance provider, you just need to search and find their rate quote page and submit a quote form there.

When looking for a local insurance agency, there are two different types of agents to choose from. Agencies in Riverside can be classified as either exclusive or independent. Both types of agents can write policy coverage, but it’s worth mentioning the difference in the companies they write for since it could factor into your agent selection.

Independent Auto Insurance Agents

Independent agents can quote rates with many companies and that enables them to quote your coverage with any number of different companies and find you cheaper rates. To transfer your coverage to a different company, the business is moved internally and you won’t have to switch agencies. When comparing auto insurance prices, you will definitely want to check rates from several independent agencies in order to compare the most rates.

Below is a short list of independent insurance agencies in Riverside that may be able to provide free rate quotes.

10363 Hole AveRiverside, CA 92505(888) 955-0950View Map

4204 Riverwalk Pkwy #200Riverside, CA 92505(951) 801-2032View Map

6809 Indiana AveRiverside, CA 92506(877) 898-9333View Map

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Exclusive Auto Insurance Agencies

Exclusive agents work for only one company like AAA, Allstate, State Farm, or Farmers Insurance. These agents are not able to give you multiple price quotes so they really need to provide good service. Exclusive insurance agents are highly trained on the products they sell and that allows them to sell at a higher price point.

Shown below is a short list of exclusive insurance agents in Riverside that can give you rate quotes.

7344 Magnolia Ave #100Riverside, CA 92504(951) 637-3100View Map

1525 3rd St bRiverside, CA 92507(951) 784-0951View Map

Steve McDonald – State Farm Insurance Agent
2900 Adams St, Ste C10-JRiverside, CA 92504(951) 785-6140View Map

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Finding the right insurance agency requires more thought than just the bottom line cost. Here are some questions you might want to ask.

How Car Insurance Companies Calculate Toyota Corolla Insurance Prices

The best way to find cheaper car insurance is to take a look at the different types of things that come into play when calculating the rates you pay for car insurance. If you understand what influences your rates, this helps enable you to make changes that will entitle you to lower rates.

The items below are some of the major factors used by insurance companies to determine prices.

It may be expensive, but it’s not optional

Despite the fact that auto insurance is not cheap in Riverside, paying for auto insurance is required in California but it also protects you in many ways.

The benefits of having insurance definitely exceed the cost, especially for larger claims. But the average driver in California overpays more than $850 per year so you should quote and compare rates at least once a year to help ensure money is not being wasted.

What is the best car insurance company in California?

Insuring your vehicle with a good quality auto insurance company can be a challenge considering how many companies sell insurance in California. The rank data displayed below may help you select which companies to look at when comparing rates.

Top 10 Riverside Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA of Southern California – 92%
  4. AAA Insurance – 91%
  5. Nationwide – 90%
  6. State Farm – 90%
  7. The Hartford – 89%
  8. GEICO – 89%
  9. The General – 88%
  10. 21st Century – 88%

Top 10 Riverside Car Insurance Companies Ranked by Claims Service

  1. AAA of Southern California
  2. State Farm
  3. Esurance
  4. AAA Insurance
  5. Progressive
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. Titan Insurance
  10. The Hartford

Quote more to save more

Throughout this article, we presented a lot of information how to compare Toyota Corolla insurance premium rates in Riverside. It’s most important to understand that the more providers you compare, the better your chances of lowering your prices. You may even discover the most savings is with a small mutual company. They may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

When trying to cut insurance costs, you should never reduce coverage to reduce premium. In many instances, an insured dropped liability limits or collision coverage only to regret that the savings was not a smart move. Your goal should be to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

How to find discount Toyota Corolla insurance in Riverside

If your goal is the lowest price, then the best way to get more affordable Toyota Corolla insurance is to compare prices regularly from insurance carriers who sell insurance in Riverside.

A tip to remember is to use similar deductibles and liability limits on each quote and and to get quotes from as many different companies as possible. This enables a fair rate comparison and many rates to choose from.

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