Cheap Insurance Quotes for a Toyota Corolla in Tennessee

Cheap Insurance Quotes for a Toyota Corolla in Tennessee

The chances of finding cheaper coverage for a Toyota Corolla in Tennessee depends on a calculation that uses factors like annual vehicle mileage, whether or not you have filed claims in the past, and physical damage deductibles. Drivers pay approximately $820 each year to insure their Corolla, but that cost is that rates a 50-year-old married male with both comprehensive and collision coverage and $100 deductibles.

More likely than not, you are not 50 and possibly not even male, single instead of married, or maybe your Corolla doesn’t need comprehensive and collision coverage. Even a very minor difference in price quote data can result in big changes in price quotes.

Everone’s needs are different, and this illustrates why your best chance at finding cheap auto insurance rates for your Toyota is to just take the time to compare rates yourself.

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The trim level of your Toyota will be a contributing factor to the annual cost of coverage, so the rate you will pay to insure a Corolla LE will be $24 lower than the cost to insure the higher-end Corolla XRS model, as shown below.

Toyota Corolla Insurance Rates in Tennessee
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $194 $450 $278 $16 $82 $1,020 $85
Corolla S $194 $450 $278 $16 $82 $1,020 $85
Corolla XLE $194 $450 $278 $16 $82 $1,020 $85
Corolla XRS $218 $450 $278 $16 $82 $1,044 $87
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can lower or raise rates noticeably.

Comparing rates for budget car insurance is tough enough, and figuring out which insurers offer the best car insurance rates for a Toyota Corolla will involve even more shopping around. Every auto insurer uses a different method for determining rates, so first we will examine the car insurance companies with the overall cheapest rates in Tennessee.

Keep in mind that Tennessee car insurance rates are impacted by many factors that may substantially change the cost of a policy. Simply having another birthday, buying a safer car, or getting into an accident can cause premium changes resulting in some rates now being much higher than others.

Lowest Insurance Price Quotes for Your Corolla

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Utica National may have some of the lowest car insurance rates in Tennessee at around $767 a year. Cincinnati Insurance, Auto-Owners, Penn National, and USAA also are some of the lowest-priced Tennessee insurance companies.

In this example, if you have coverage with Penn National and switched to Utica National, you might realize annual savings of roughly $141. Drivers with USAA could save as much as $180 a year, and Tennessee Farmers insureds might lower prices by $184 a year.

Understand that those premiums are averages across all types of insureds and vehicles and and are not figured with a specific rate value for a Toyota Corolla. So the company that has the cheapest rates for you may not even be shown in the list above. That’s why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

The illustration below shows how choosing a deductible can raise or lower insurance prices when quoting cheap insurance for a Toyota Corolla. The price estimates are based on a married male driver, full coverage, and no additional discounts are factored in.

In the chart above, a 40-year-old driver could save $280 a year by changing from a $100 deductible up to a $500 deductible, or save $424 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, have the ability to save $936 each year just by choosing higher deductibles.

If you do decide to increase your deductibles, it is necessary to have enough in a savings account to allow you to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Cheapest car insurance: Geico, Progressive, State Farm, or Allstate

If you’re looking for the best insurance for a Corolla, the companies that insure more vehicles than anyone else are Geico, Progressive, State Farm, and Allstate. All four offer physical damage and liability coverage, but each has unique coverages that shoppers can choose from. The next table compares some of the different options shoppers can expect to find with each one.

Largest Auto Insurance Company Ratings
Geico Progressive State Farm Allstate
Discounts Offered 2nd 4th 3rd 1st
Claims Rank 3rd 4th 2nd 1st
Overall Satisfaction 1st 3rd 4th 2nd
Overall Price 1st 3rd 2nd 4th
U.S. market share 11.4% 8.8% 18.3% 10%
Customer recommendation 87% 88% 88% 86%
Breakdown insurance Yes Yes No No
Coverage for Uber and Lyft drivers Yes Yes Yes Yes
Usage-based insurance No Yes Yes Yes
New car replacement insurance No No No Yes
Emergency roadside service Yes Yes Yes Yes
Accident forgiveness coverage Yes Yes No Yes
Coverage in Tennessee Yes Yes Yes Yes
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