Finding the cheapest car insurance for a Toyota Corolla is pretty simple, but it hinges on a very complex rating algorithm that uses multiple factors such as whether you use your Corolla for business use, your credit score, and your choice of physical damage deductibles. Drivers pay approximately $1,442 per year to insure their Corolla, but that amount is based on a 30-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.
When making auto insurance estimates, the issue arises that you are not 30 and maybe not even a male, you might be single instead of married, or maybe you are just looking for cheap liability insurance. This demonstrates why the best way to find the cheapest rates for your Toyota is to put in the effort to do a thorough rate comparison.
The trim level of your vehicle tends to impact the annual cost of coverage, so the rate you will pay to insure a Corolla LE will cost $50 less than the cost to insure the more well-appointed Corolla XRS model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in the specific area where the vehicle is garaged which can decrease or increase price quotes significantly.
Finding dependable, budget insurance is not the easiest thing to do, and deciding which company quotes the lowest-priced auto insurance rates for a Toyota Corolla requires even more diligence.
Every car insurance company has their own formula for determining prices, so first we will examine the auto insurance companies with the overall cheapest rates in Long Beach, CA. It’s important that you understand Long Beach auto insurance rates are influenced by many factors which can substantially change the cost of coverage. This price fluctuation is why Long Beach drivers need to take the time to shop around when trying to get the best auto insurance quotes for a Toyota Corolla. Auto insurance prices are impacted by many risk factors and can change substantially, so the cheapest rate the last time you shopped around may now be one of the more expensive options.
Cheapest Insurance Rates for Your Corolla
|Rank||Company||Cost Per Year|
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USAA may offer some of the lowest car insurance rates in Long Beach at around $1,155 per year. Century National, Wawanesa, CSAA, and Nationwide also are some of the cheapest Long Beach, CA auto insurance companies.
As the example above demonstrates, if you currently have coverage with Century National and switched to USAA, you could see savings of about $23. Policyholders with Wawanesa could save as much as $26 a year, and CSAA policyholders might realize rate reductions of up to $79 a year.
To find the cheapest coverage for you, click here to begin a quote or visit several of the following companies.
Remember that these prices are averages for all ages of drivers and types of vehicles and do not factor in a specific zip code for a Toyota Corolla. So the auto insurance company that can offer the best rates for your situation may not even be in the top 24 companies shown above. That is why you need to compare as many prices as possible using your own personal information and vehicle type.
How to get discounts on Long Beach insurance rates
Car insurance companies that offer cheap quotes for a Toyota Corolla may also give you special discounts that could lower prices by 35% or more if you meet the requirements. A few popular companies and some of the premium reductions they offer include:
- GEICO policyholders can earn discounts including seat belt use, federal employee, emergency military deployment, good student, daytime running lights, and air bags.
- Travelers has discounts for multi-car, home ownership, early quote, continuous insurance, student away at school, and multi-policy.
- Nationwide offers discounts including Farm Bureau membership, good student, family plan, anti-theft, defensive driving, business or organization, and easy pay.
- Farmers Insurance may offer discounts for switch companies, early shopping, homeowner, pay in full, and bundle discounts.
- Esurance discounts include homeowner, paid-in-full, good student, multi-car, good driver, and safety device.
- State Farm offers discounts for Drive Safe & Save, defensive driving training, multiple policy, accident-free, anti-theft, safe vehicle, and good student.
- Progressive offers premium reductions for multi-vehicle, online signing, continuous coverage, online quote discount, and multi-policy.
- Mercury Insurance includes discounts for age of vehicle, type of vehicle, anti-theft, good student, accident-free, multi-policy, and multi-car.
The information below shows the difference between insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no claims or violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with passive restraint, defensive driving course, vehicle safety, accident-free, safe-driver, and multiple vehicle discounts applied. When taking advantage of discounts, theamount saved on auto insurance for a Toyota Corolla is 28% or $897.
Are you paying too much for car insurance?
California auto insurance rates are calculated based on many things that may substantially change the price you pay. Improving your credit score, having a teen driver, or getting a reckless driving citation can trigger rate changes resulting in some companies being more affordable than before.
In addition to those changes, car insurance companies change their prices multiple times each year in order to protect their financial rating. Higher than usual claims may result in increased policy costs, while a profitable period can cause cheaper Corolla insurance rates.
To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in Long Beach, CA for a 45-year-old female driver with a clear driving record, no claims, and a high credit rating. When quoting prices based on her current risk profile, USAA might quote the most affordable car insurance rates in Long Beach at $1,370 annually. This is $281 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are the remaining cheapest Long Beach, CA auto insurance companies.
Now let’s give the driver in the first example an accident surcharge, a lower credit score, and a stop sign violation. Due to the fact that every insurance company uses their own formula for determining rates, comparing prices may now show a different ranking of affordable companies as shown below.
Grange now has the cheapest rate in Long Beach with Allstate, Progressive, Mercury, and Allied also being competitive. This example illustrates why California drivers need to compare rates when trying to get the cheapest auto insurance rates for a Toyota Corolla. Prices are made up of many things and can change without notice, so the best option the last time you shopped your coverage around may now be one of the higher cost companies.
The insurance agencies listed below can probably aid you in deciding which policy is best, since some people have coverage questions and would like to get some professional advice when shopping around for cheaper insurance for a Toyota Corolla. It can be complicated to find the best coverage on your own, so insurance agents can provide satisfaction knowing your coverage gives you suitable coverage if you have an accident. To locate a Long Beach auto insurance agent near you, click the button at the bottom of the list or click here to compare rates now.
- Farmers Insurance: Edward Reyes
1424 W Willow St – Long Beach, CA 90810 – (562) 427-7030
- Allstate Insurance: Braden Palmer
5000 E Spring St Ste 390 – Long Beach, CA 90815 – (562) 425-5109
- State Farm Insurance: Damian Useda
929 E Wardlow Rd – Long Beach, CA 90807 – (562) 426-8565
- Del Johnson – State Farm Insurance Agent
2642 N Los Coyotes Diagonal – Long Beach, CA 90815 – (562) 982-1444
- Rosanne Sanchez Insurance Agency
1165 E San Antonio Dr – Long Beach, CA 90807 – (310) 874-3933