Want to learn a better way to compare more affordable Toyota Corolla insurance in Seattle? Finding cheaper insurance for a new or used Toyota Corolla in Washington could be difficult, but you can follow the following methods to make it easier. There is a right way and a wrong way to shop for insurance and we'll show you the best way to quote coverages on a Toyota and locate the lowest price.
Unbelievably, most insurance buyers have remained with the same insurance company for over three years, and almost 40% of drivers have never compared quotes from other companies. With the average insurance premium being $1,200, Seattle drivers could cut their rates by almost 40% a year by just comparing quotes, but most undervalue the big savings they would realize if they just switched companies.
Learn How to Lower Your Insurance Premiums
Many things are part of the equation when premium rates are determined. Some factors are common sense like an MVR report, but other factors are not quite as obvious such as whether you are married or how safe your car is. An important part of buying insurance is that you know the different types of things that come into play when calculating the level of your policy premiums. If you have some idea of what controls the rates you pay, this empowers consumers to make smart changes that can help you get lower rates.
Liability coverage is cheap - Liability insurance is the coverage that protects you in the event that you are determined to be liable for causing damage or personal injury in an accident. Liability provides legal defense coverage which can cost a lot. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Performance influences premiums - The performance level of the vehicle you drive makes a big difference in your auto insurance rates. Since the Toyota Corolla is a sedan, insurance will be about the same as compared to the average rate in Seattle. Economy passenger models usually have the lowest premiums, but that's not the only thing that factors into the final price.
Bad credit hurts insurance rates - Your credit rating can be an important factor in determining what you pay. Insureds with very high credit ratings tend to be better risks to insure than those with lower credit scores. So if your credit is not that good, you may save money insuring your Toyota Corolla by improving your credit score.
Your stress level may be raising your rates - Did you know that where you work can have an impact on rates? Careers like military generals, executives and stock brokers tend to have higher premiums than the average policyholder attributed to high stress and lots of time spent away from family. Conversely, jobs like farmers, students and performers receive lower rates.
Low mileage costs less - Driving more miles annually the higher your rates will be. The majority of insurers calculate prices based on how the vehicle is used. Cars and trucks that have low annual miles receive better premium rates than vehicles that are driven to work every day. Improper usage on your Corolla can cost quite a bit. It's a good idea to make sure your insurance declarations sheet reflects the proper vehicle usage.
Pay less if you're married - Having a wife or husband can actually save you money when shopping for insurance. It means you're more responsible and statistics prove married drivers tend to have fewer serious accidents.
Toyota Corolla insurance loss data - Insurers take into consideration historical loss data for every vehicle when they file their rates in each state. Models that have higher prevalence or dollar amount of losses will be charged more to insure.
The information below illustrates the historical insurance loss data for Toyota Corolla vehicles. For each coverage type, the statistical loss for all vehicles, as a total average, is a value of 100. Numbers under 100 suggest a positive loss record, while numbers above 100 point to more claims or a tendency for losses to be larger than average.
Auto Insurance Loss Data for Toyota Corolla Models
|Vehicle 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
Reducing your Toyota Corolla insurance rates can be relatively painless. The only thing you need to do is spend a few minutes on the computer comparing price quotes from different insurance companies.
The companies shown below provide price quotes in Seattle, WA. If the list has multiple companies, we recommend you compare several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in specific zip code location which can alter auto insurance rates substantially.
Difference between liability only and full coverage rates
The information below shows the difference between Toyota Corolla insurance rates when comparing full coverage to state minimum liability only. The data is based on a clean driving record, no claims, $250 deductibles, married male driver, and no discounts are applied to the premium.
When to switch to liability coverage only
There is no exact formula to exclude physical damage insurance, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let's say your Toyota Corolla book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $6,000 after you pay the deductible. If you are paying more than $600 a year to have full coverage, then you might want to consider buying only liability coverage.
There are a few cases where buying only liability insurance is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Car insurance rates based on gender
The example below shows the difference between Toyota Corolla insurance costs for male and female drivers. Data assumes no tickets, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Car insurance is not optional but you don't have to overpay
Despite the potentially high cost of Toyota Corolla insurance, insurance is mandatory in Washington but it also protects more than you think.
- The majority of states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability insurance coverage in order to get the vehicle licensed. In Washington these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Toyota Corolla, more than likely the lender will force you to buy full coverage to ensure loan repayment if the vehicle is totalled. If you let the policy lapse, the bank will be required to insure your Toyota at an extremely high rate and force you to reimburse them for the much more expensive policy.
- Insurance protects both your assets and your Toyota. It will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses in the event you are sued. If your Toyota gets damaged, your policy will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance greatly outweigh the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver overpays as much as $865 each year so compare rates at every renewal to be sure current rates are still competitive.
Determine discounts on Seattle car insurance
The price of auto insurance can be rather high, but you can get discounts that can drop the cost substantially. Certain discounts will be applied when you get a quote, but some must be specially asked for prior to getting the savings.
- More Vehicles More Savings - Buying coverage for multiple cars with the same company can reduce the rates for all insured vehicles.
- Use Seat Belts - Drivers who require all occupants to wear their seat belts can save a little off the PIP or medical payment premium.
- Federal Government Employee - Simply working for the federal government could cut as much as 10% off with a few car insurance companies.
- Defensive Driver Discounts - Passing a defensive driving course can save you 5% or more if you qualify.
- Anti-theft System - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and can earn a small discount on your policy.
- Club Memberships - Joining qualifying clubs or civic groups is a simple method to lower premiums on your next renewal.
- Renewal Discounts - A few insurance companies allow discounts for buying a policy prior to the expiration date on your current Corolla insurance policy. It could save around 10% when you buy Seattle car insurance online.
- Low Mileage Discounts - Low mileage vehicles can qualify you for substantially lower prices.
- Driving Data Discount - Drivers who elect to allow data collection to track vehicle usage by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if their driving habits are good.
- E-sign Discounts - Many car insurance companies provide a small discount for buying a policy and signing up on your computer.
Please keep in mind that most discount credits are not given to the entire policy premium. Some only reduce the cost of specific coverages such as comp or med pay. So when the math indicates adding up those discounts means a free policy, insurance companies wouldn't stay in business.
Auto insurance companies that may have these discounts may include but are not limited to:
Check with each company which discounts can lower your rates. Discounts might not be available to policyholders in Seattle.
Buying from insurance agents
A lot of people would prefer to buy from a licensed agent and that can be a great decision Agents are trained to spot inefficiencies and help you file claims. A good thing about getting free rate quotes online is the fact that drivers can get lower rates and also buy local.
Upon completion of this short form, your insurance coverage information is submitted to participating agents in Seattle that can give you free Seattle car insurance quotes for your insurance coverage. You won't need to search for any insurance agencies since price quotes are sent directly to your email. If you need to get a rate quote from a particular provider, just jump over to their website to submit a rate quote request.
Choosing the best provider should include more criteria than just the price. These are some questions you should get answers to.
- Is every driver in your family covered?
- Are they able to provide referrals?
- Do they feel the quoted coverages are adequate?
- Does the agency support the community they serve?
- How does the company pay claims for a total loss?
- Do the agents have professional certifications like CPCU or CIC?
Compare rates from both independent and exclusive auto insurance agents
If you are wanting to purchase insurance from a local insurance agency, it's important to understand the different types of agencies and how they can quote your rates. Insurance agencies in Seattle are either independent or exclusive. Both types can write insurance policies, but it's important to know the difference between them because it can factor into which agent you choose.
Exclusive Insurance Agencies
These agents are contracted to one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot compare other company's rates so always compare other rates. Exclusive agencies are usually quite knowledgeable in insurance sales which helps offset the inability to provide other markets. Many people use the same agent primarily because of the brand name and solid financial strength.
Shown below are Seattle exclusive agents that are able to give price quote information.
- Alex Bagdasarov - State Farm Insurance Agent
4719 University Way NE #202 - Seattle, WA 98105 - (206) 946-1986 - View Map
- Mark Hafemeister - State Farm Insurance Agent
14322 Lake City Way NE - Seattle, WA 98125 - (206) 365-0600 - View Map
- Chris Gibbens - State Farm Insurance Agent
607 W McGraw St - Seattle, WA 98119 - (206) 331-4864 - View Map
These agents do not sell for just one brand and that gives them the ability to insure through many companies and help determine which has the cheapest rates. If you want to switch companies, an independent agent can move your coverage and you won't have to switch agencies.
When comparison shopping, you definitely need to compare quotes from several independent insurance agents for maximum quote selection. Many can place coverage with lesser-known insurance companies who may have lower rates.
Shown below is a list of independent agents in Seattle willing to provide price quote information.
- Vern Fonk
10301 Aurora Ave N - Seattle, WA 98133 - (206) 408-5098 - View Map
- Gurry and Rogers Insurance Inc
1200 5th Ave #1825 - Seattle, WA 98101 - (206) 621-6444 - View Map
- Norwest Insurance Agency
5191 S Spencer St - Seattle, WA 98118 - (206) 965-8140 - View Map
If you receive good answers and locked in a price quote, it's a good possibility that you have found a car insurance agent that meets your needs to provide insurance coverage. But keep in mind it's your policy and you can cancel your policy for any reason so never feel you're contractually obligated to the insurance policy for the full term.
Persistence is the key to affordable rates
Lower-priced Toyota Corolla insurance in Seattle can be purchased online as well as from independent agents in Seattle, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies do not offer internet price quotes and usually these regional insurance providers prefer to sell through independent agents.
We just covered a lot of information how to compare Toyota Corolla insurance rates in Seattle. It's most important to understand that the more providers you compare, the better likelihood of getting affordable Seattle car insurance quotes. Consumers could even find that the best rates are with a small mutual company.
People leave their current company for any number of reasons including an unsatisfactory settlement offer, questionable increases in premium, lack of trust in their agent or even high rates after DUI convictions. Regardless of your reason for switching companies, finding the right insurance provider can be easier than you think.
Even more information is located at these sites:
- Teen Driver Statistics (Insurance Information Institute)
- How Much is Auto Insurance in Washington? (FAQ)
- What Auto Insurance is Cheapest in Richland, Washington? (FAQ)
- Who Has Cheap Washington Car Insurance for Veterans? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Postal Workers in Washington? (FAQ)
- Who Has the Cheapest Car Insurance for Business Use in Washington? (FAQ)
- Who Has Affordable Auto Insurance for Welfare Recipients in Washington? (FAQ)
- Where can I buy Insurance? (Insurance Information Institute)
- What is Gap Insurance? (Insurance Information Institute)
- All About Airbag Safety (State Farm)