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.

A 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.

• One Accident Forgiven – Not really a discount, but a few companies such as Liberty Mutual, Allstate and State Farm may permit one accident before your rates go up so long as you haven’t had any claims for a specific time period.
• Federal Government Employee – Active or retired federal employment could qualify for a slight premium decrease depending on your car insurance provider.
• Onboard Data Collection – Drivers that enable their insurance company to track vehicle usage by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts as long as they are good drivers.
• Multi-car Discount – Drivers who insure more than one vehicle with the same car insurance company may reduce the rate for each vehicle.
• E-sign Discounts – A few insurance companies will provide an incentive for buying your policy online.
• Driver Education Discount – Require your teen driver to enroll in driver’s education if offered at their school.
• New Car Discount – Insuring a new Corolla can save you some money compared to insuring an older model.
• Senior Citizen Rates – Mature drivers could receive a small decrease in premiums.
• College Student – Kids who are attending college and do not have a car may be insured at a cheaper rate.

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.

• GEICO may have discounts that include emergency military deployment, anti-lock brakes, air bags, daytime running lights, and good student.
• USAA offers discounts for new vehicle, multi-vehicle, vehicle storage, annual mileage, multi-policy, driver training, and loyalty savings.
• Progressive policyholders can earn discounts including online signing, good student, homeowner, online quote discount, continuous coverage, and multi-vehicle.
• American Family offers premium reductions for multi-vehicle, defensive driver, accident-free, mySafetyValet, and Steer into Savings.
• Esurance has discounts for renters, Switch & Save, DriveSense, online quote, good student, and paid-in-full.
• Farmers Insurance includes discounts for good student, bundle discounts, homeowner, business and professional, multi-car, switch companies, and teen driver.
• State Farm may include discounts for safe vehicle, driver’s education, good driver, student away at school, and multiple policy.

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.

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.

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.

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.

To 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.

More insurance agents

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.

More insurance agents

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

• Can glass claims be handled at your home?
• Are claim adjusters local or do you have to take your car somewhere else?
• How will an accident affect your rates?
• Will you work with the agent or an assistant?
• Is insurance their full-time profession?
• Is the agent CPCU or CIC certified?
• Do they have cheaper tiers of coverage?
• How would your car be valued if totaled?

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.

• Know your vehicle’s IIHS safety rating – Vehicles with good safety scores are cheaper to insure. These vehicles help reduce the chance of injuries in an accident and reduced instances of injuries translates into savings for insurance companies and thus lower rates.
• Discounts for auto and home policies – Many car insurance companies give discounts for people that have more than one policy, otherwise known as a multi-policy discount. Discounts can add up to 10 percent or more. Even if you’re getting this discount it’s always a smart idea to comparison shop to make sure you are getting the best deal.There is a chance you can save even more by buying car insurance from a different company.
• Is your vehicle theft-ready? – Driving a car with a theft deterrent system can help lower your premiums. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent auto theft.
• Do you work long hours in a stressful employer? – Do you have a high-stress occupation? Occupational choices like judges, social workers, and emergency personnel generally pay higher average rates because of high stress and incredibly demanding work hours. Other jobs such as professors, engineers and retirees receive lower rates.

• Toyota Corolla claim statistics – Insurance companies use past loss statistics for each vehicle when they set coverage costs for each model. Models that the data shows to have a higher amount or frequency of claims will have higher premium rates. The next table illustrates the insurance loss data used by companies for Toyota Corolla vehicles.

  For each type of coverage, the claim amount for all vehicles, as a total average, is considered to be 100. Percentages below 100 suggest losses that are better than average, while values that are 100 or greater indicate higher probability of having a loss or tendency to have higher losses.

  
  

  Toyota Corolla Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Corolla	133	111	94	156	158	128

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

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.

• Just about all states have mandatory liability insurance requirements which means state laws require a specific level of liability coverage if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you bought your Corolla with a loan, most banks will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender will be forced to insure your Toyota for a much higher rate and require you to pay for the expensive policy.
• Auto insurance preserves not only your vehicle but also your financial assets. It will also reimburse you for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay attorney fees if someone files suit against you as the result of an accident. If your Toyota gets damaged, your policy will pay to restore your vehicle to like-new condition.

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.

• Step 1: Try to learn about how car insurance works and the steps you can take to keep rates low. Many rating criteria that result in higher rates such as speeding tickets, accidents and poor credit history can be remedied by making minor changes to your lifestyle.
• Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can quote prices for many different companies.
• Step 3: Compare the new rate quotes to your existing policy to see if cheaper Corolla coverage is available in Riverside. If you find a better price, make sure coverage is continuous and does not lapse.

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.

For more information, link through to these articles:

• New head restraint design cuts injuries (Insurance Institute for Highway Safety)
• Who Has Affordable Riverside Car Insurance Quotes for High Risk Drivers? (FAQ)
• Who Has Affordable Auto Insurance Rates for Single Moms in Riverside? (FAQ)
• What Auto Insurance is Cheapest for a Jeep Grand Cherokee in Riverside? (FAQ)
• Who Has Cheap Riverside Auto Insurance for Uninsured Drivers? (FAQ)
• What Insurance is Cheapest for Postal Workers in Riverside? (FAQ)
• Who Has Cheap Riverside Car Insurance Rates for Felons? (FAQ)
• Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Riverside? (FAQ)
• Who Has Cheap Riverside Car Insurance for a Chevrolet Equinox? (FAQ)
• What Auto Insurance is Cheapest for a Ford Edge in Riverside? (FAQ)
• Who Has the Cheapest Riverside Car Insurance Rates for Drivers Over Age 50? (FAQ)
• Comprehensive Coverage (Liberty Mutual)
• Things to Know Before you Cancel Insurance (Allstate)