Locating the cheapest insurance for your Toyota Corolla in Pennsylvania could be an all-consuming task, but you can follow our auto insurance buying tips to save time.
There is a right way and a wrong way to shop for auto insurance so you're going to learn the absolute fastest way to price shop coverage for your Toyota and find the cheapest rates.
It's a great practice to get comparison quotes periodically because auto insurance prices are constantly changing. If you had the best rates on Toyota Corolla insurance in Allentown two years ago you will most likely find a better premium rate today. You can search a lot of Corolla insurance out there, but I'm going to show you a bunch of ideas how to reduce your auto insurance bill.
Locating the most affordable insurance policy in Allentown is not as difficult as people think. If you're already insured or just want a better rate, you can follow these tips to reduce the price you pay without reducing protection. Drivers just need to understand the quickest way to compare price quotes from multiple carriers.
Reducing your insurance rates doesn't have to be difficult. Just take time to get quotes provided by online insurance companies.
The following companies have been selected to offer price quotes in Allentown, PA. If you wish to find the best cheap auto insurance in Pennsylvania, we suggest you click on several of them to find the cheapest auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in specific garaging location which can increase or decrease premiums greatly.
Cost of full coverage
The diagram below illustrates the difference between Toyota Corolla insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The premiums are based on no accidents or driving violations, $100 deductibles, married female driver, and no other discounts are factored in.
When to drop full coverage
There is no specific rule to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then it's probably a good time to buy liability coverage only.
For example, let's say your Toyota Corolla claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying the physical damage deductible. If premium cost is more than $300 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some circumstances where removing full coverage is not a good plan. If you haven't paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not drop full coverage.
Gender-based car insurance rates
The illustration below shows the comparison of Toyota Corolla insurance prices for male and female drivers. The premium estimates are based on no violations or accidents, full coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Protect your Corolla and other assets
Despite the high cost, buying auto insurance may be required for several reasons.
- Most states have compulsory liability insurance requirements which means the state requires a minimum amount of liability protection in order to get the vehicle licensed. In Pennsylvania 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 vehicle with a loan, almost every bank will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totalled. If the policy lapses, the bank may insure your Toyota for a much higher rate and require you to pay a much higher amount than you were paying before.
- Auto insurance protects both your car and your personal assets. It will also cover all forms of medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay to defend you in the event you are sued. If your Toyota gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your car are definitely more than the cost, particularly if you ever have a claim. The average driver in America overpays as much as $750 every year so it's recommended you shop around every year to save money.
How Insurance Providers Determine Toyota Corolla Insurance Premiums
One of the most helpful ways to save on insurance is to to have a grasp of some of the things that help calculate insurance rates. If you understand what determines premiums, this enables you to make decisions that will entitle you to lower premium levels.
The list below includes some of the factors insurance companies consider when setting your rates.
Always keep your policy in force - Driving your car without having proper coverage is not a good idea and you may have a hard time finding new coverage because you let your coverage have a gap. In addition to paying higher premiums, getting caught without coverage could result in fines or a revoked license. You may then be required to submit proof of financial responsibility or a SR-22 with the Pennsylvania motor vehicle department.
Small coverages can add up - There are a ton of extra bells and whistles that sound like a good idea at the time on your insurance policy. Coverage for things like rental car coverage, death and dismemberment, and term life insurance could be just wasting money. These coverages may sound good when buying your policy, but your needs may have changed so consider taking them off your policy.
High deductibles equal low rates - Comp and collision deductibles define the amount you are required to pay before a claim is paid by your company. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Examples of some claims that would be covered would be a windshield broken by a bird, damage from fire, and damage from wind. The larger the amount you choose to pay out-of-pocket, the lower your rates will be.
Driving citations drive up costs - Being a careful driver impacts premiums far more than you think. Good drivers have lower premiums compared to drivers with tickets. Having just one speeding ticket or other violation can bump up the cost by as much as twenty percent. Drivers who get flagrant citations such as DUI, reckless driving or excessive speeding may find they need to complete a SR-22 with their state's department of motor vehicles in order to legally drive.
Pay less with a high crash test rating - Vehicles with good safety scores tend to have lower insurance rates. Safe vehicles protect occupants better and lower injury rates means less claims paid and cheaper rates on your policy. If the Toyota Corolla is rated at a minimum four stars on Safercar.gov it may be receiving lower rates.
Theft deterrents save - Choosing to buy a car with a theft deterrent system can save you a little every year. Systems that thwart theives such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder auto theft and help lower rates.
High credit scores save money - A driver's credit history is a large factor in determining what you pay for insurance. Drivers who have very good credit scores tend to file fewer claims than drivers who have poor credit. If your credit history can be improved, you could potentially save money when insuring your Toyota Corolla by improving your credit score.
Insurance loss statistics a Toyota Corolla - Insurers use past loss statistics for each vehicle to calculate a price that offsets possible losses. Vehicles that the data determines to have high amounts or severity of claims will cost more for coverage.
The table below illustrates the loss history for Toyota Corolla vehicles. For each coverage type, the loss probablilty for all vehicles, as an average, is equal to 100. Percentages below 100 suggest losses that are better than average, while percentage values above 100 indicate frequent claims or an increased likelihood of larger losses.
Toyota Corolla Insurance Claim Statistics
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Check for these discounts
Some providers don't necessarily list every discount they offer very well, so we took the time to find a few of the more common in addition to some of the lesser obvious ways to save on auto insurance.
- Homeowners Savings - Just being a homeowner can save a few bucks because of the fact that having a home is proof of financial responsibility.
- E-sign Discounts - Some larger companies give back up to $50 shop Allentown car insurance on their website.
- Renewal Discounts - Select auto insurance companies give a discount for buying a new policy prior to your current Corolla insurance policy expiration. The savings is around 10%.
- Employee of Federal Government - Active or retired federal employment could provide a small rate reduction with certain companies.
- Defensive Driver - Successfully completing a course teaching safe driver skills may get you a small discount and easily recoup the cost of the course.
- Discount for Passive Restraints - Factory air bags and/or automatic seat belt systems may qualify for discounts of more than 20%.
- Bundled Policy Discount - If you have multiple policies with the same company you could get a discount of at least 10% off all policies.
- Theft Prevention System - Cars with anti-theft systems are less likely to be stolen and therefore earn up to a 10% discount.
It's important to understand that some credits don't apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that you would end up receiving a 100% discount, companies wouldn't make money that way. But all discounts should definitely cut the amount you pay for coverage.
Larger auto insurance companies and some of their more popular discounts include:
- State Farm offers discounts including Steer Clear safe driver discount, passive restraint, anti-theft, student away at school, good driver, and driver's education.
- American Family discounts include Steer into Savings, air bags, defensive driver, bundled insurance, multi-vehicle, good student, and TimeAway discount.
- GEICO has discounts for seat belt use, anti-lock brakes, daytime running lights, driver training, five-year accident-free, federal employee, and good student.
- 21st Century may offer discounts for 55 and older, teen driver, driver training, defensive driver, and theft prevention.
- Progressive may include discounts for multi-vehicle, continuous coverage, multi-policy, online quote discount, and good student.
Double check with every prospective company which discounts you qualify for. Discounts may not be offered in every state.
There's no such thing as the perfect car insurance policy
When it comes to choosing the right insurance coverage for your personal vehicles, there is no "best" method to buy coverage. Each situation is unique and your car insurance should be unique as well. Here are some questions about coverages that can aid in determining whether or not you may require specific advice.
- Am I missing any policy discounts?
- Am I covered if I wreck a rental car?
- Where can I find DUI or SR-22 insurance?
- Do I have coverage when using my vehicle for my home business?
- Do I have coverage if my license is suspended?
- What is PIP insurance?
- What if I owe more than I can insure my car for?
- How high should deductibles be on a Toyota Corolla?
If you're not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can help protect your family.
Shop online but buy locally
Some consumers just prefer to sit down with an agent and often times that is recommended Professional insurance agents can answer important questions and help submit paperwork. A nice benefit of comparing auto insurance online is that drivers can save money and get lower prices and still have a local agent. And buying from local agencies is still important in Allentown.
By using this quick form, your insurance coverage information is emailed to insurance agents in Allentown who will give competitive quotes and help you find cheaper coverage. It makes it easy because there is no need to visit any agencies as quotes are delivered immediately to your email address. If you want to quote rates from a specific company, feel free to navigate to their website and give them your coverage information.
If you want to use a good insurance agency, it's important to understand the different types of agencies and how they operate. Agents in Allentown may be either exclusive or independent agents depending on their company appointments. Either one can sell auto insurance policies, but it's worth learning the differences because it can factor into the kind of agent you use.
Independent Agents (or Brokers)
Agents of this type are not required to write business for one company so they have the ability to put coverage through many companies and find you cheaper rates. If your agent finds better pricing, they can switch companies in-house and that require little work on your part. When comparison shopping, we recommend you get several quotes from at a minimum one independent agency in order to compare the most rates. Most also write with companies you've never heard of which may provide better rates.
Below are independent agents in Allentown that can give you free price quotes.
- Nationwide Insurance: William Huck Agency Inc
1027 Union Blvd - Allentown, PA 18109 - (610) 433-9761 - View Map
- Nationwide Insurance - Linda Krisko Insurance and Financial Products
1422 Hamilton St - Allentown, PA 18102 - (610) 433-5000 - View Map
- D.E. Cressman Insurance Agency Inc.
2310 Walbert Ave Suite 101 - Allentown, PA 18104 - (610) 433-1568 - View Map
Exclusive Auto Insurance Agencies
Agents in the exclusive channel can only provide one company's prices and some examples include State Farm, Allstate and AAA. Exclusive agents are unable to provide prices from multiple companies so if the price isn't competitive there isn't much they can do. Exclusive agents are usually well trained on the products they sell and that enables them to sell even at higher rates. Drivers often use the same agent mainly due to the prominent brand name rather than low price.
Listed below is a short list of exclusive insurance agencies in Allentown that can give you price quotes.
- Diane Brant - State Farm Insurance Agent
1048 Hamilton St - Allentown, PA 18101 - (610) 433-5753 - View Map
- Farmers Insurance - Cynthia Garcia
1620 Hamilton St #104 - Allentown, PA 18102 - (610) 924-7177 - View Map
- Allstate Insurance: Joseph Heydt
704 W Emmaus Ave - Allentown, PA 18103 - (610) 791-9800 - View Map
Finding the right insurance agency is decision based upon more than just the price. Agents should be asked these questions:
- How often do they review coverages?
- How are they compensated?
- Will the company cover a rental car if your car is getting fixed?
- Do you need full coverage on every vehicle?
- If you have an accident, will your rates go up?
- How many years have they been established?
- What kind of financial rating does the company have?
- If they are an independent agency in Allentown, which companies do they recommend?
Find cheaper insurance rates by comparing often
While you're price shopping online, you should never reduce coverage to reduce premium. In many cases, consumers will sacrifice physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to find the BEST coverage at the best cost while still protecting your assets.
Throughout this article, we presented a lot of information how to compare Toyota Corolla insurance premium rates in Allentown. It's most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the best premium rates are with the smaller companies. Smaller companies often have lower prices on specific markets than the large multi-state companies such as GEICO and State Farm.
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