How Much are Insurance Quotes for a Toyota Corolla in Connecticut?

Because the topic is car insurance, the words cheap or affordable should never be used anywhere in the article to describe car insurance rates. Notwithstanding, cheap auto insurance for a Toyota Corolla is almost non-existent. But don’t let that discourage you, because we will show you how you can find coverage that won’t break the bank.

The likelihood of finding cheaper coverage for a Toyota Corolla in Connecticut is contingent on a lot of rating factors like whether you are single or married, if you have ever let your coverage lapse, and driving violations. Connecticut drivers pay an average of $890 every 12 months to buy insurance for a Toyota Corolla, but that policy rate is that uses a 40-year-old single male driver who requires both comprehensive and collision coverage and $1,000 deductibles.

There’s a high likelihood you are not 40 years old and maybe not even male, maybe you are married instead of single, or maybe you rent instead of own your home. Changing even a minor factor in policy rating variables could end up with a large change in price quotes.

Auto insurance is unique to each driver, so your best chance at finding the cheapest coverage for your Toyota is to compare as many rates as you can.

Compare Rates and Save

The specific model of Corolla has an effect on the yearly cost, so the price to insure a Corolla LE will be $20 cheaper than the price to insure the more expensive Corolla XRS trim level, as shown in the table below.

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can lower or raise coverage prices noticeably.

Selecting the right insurer is difficult considering how many choices you have in Connecticut. The ranking data listed below could help you pick which car insurance providers you want to consider when comparing rate quotes.

The ratings below are for the largest auto insurers in America, so smaller regional companies are not taken into consideration for the list. If you wish to compare prices from the insurers below and more, simply click here.

The chart below demonstrates how choosing different deductibles can impact premium costs when searching for cheap insurance for a Toyota Corolla. The rates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

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The chart above illustrates that a 30-year-old driver could lower rates by $430 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $648 by changing to a $1,000 deductible. Younger drivers, like the Age 20 category, have the ability to save as much as $1,280 every year by choosing a higher deductible.

When using a larger deductible, it will be required to have additional funds squirreled away to offset the extra out-of-pocket expense that comes with higher deductibles.

How violations and accidents impact rates

The easiest method to receive good car insurance premiums in Connecticut for a Corolla is to pay attention while driving and avoid accidents and traffic citations. The chart below shows how traffic citations and accidents influence premium costs for each age group. The rates are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 3521,4353,5207],[‘Age 30’, 2435,3267,4121],[‘Age 40’, 2253,3087,3939],[‘Age 50’, 1971,2805,3657],[‘Age 60’, 1909,2739,3593],[‘Age 70’, 2225,3055,3907]]);var options = {title: ‘Effect of Violations and Accidents on Connecticut Toyota Corolla Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Corolla in Connecticut’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data in the chart shows the average cost of a car insurance policy per year with no violations or accidents is $2,386. Get written up for two speeding tickets and the average cost rises to $3,218, an increase of $832 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for a Toyota Corolla goes up to an average of $4,071. That’s an increase of $1,685, or $140 per month, just for not paying attention while driving!

Cheapest Toyota Corolla insurance quotes

Consumers have many ways to find affordable car insurance in Connecticut, but the most preferred are through an independent agent, an exclusive insurance agent like Auto-Owners or State Farm, or from a direct company like Geico or Progressive. They all have the same end result, but each is different in how they provide rate quotes.

Independent insurance agencies have contracts with many companies and can compare rates with all of them. They are appointed with more than one company and can provide multiple price quotes, which may provide you with the best shot at cutting your rates. If they quote lower rates, it’s easy for the agent to move the policy which requires no work on your part.

An exclusive agent is only able to give prices for a single company, a couple examples are Farmers Insurance or State Farm agents. Exclusive agents cannot provide multiple price quotes, which necessitates shopping around.

The last way is buying direct, which means you skip local agents and instead shop from a direct company like Progressive. Shopping for car insurance direct can be a good choice for consumers who have an average risk profile and know more than average about the limitations of their policy.

So which one of the three ways works best to find cheap insurance for a Toyota Corolla in Connecticut? Our initial answer would be buying direct saves money because there is no agent involved, but in reality, that is not true. We’d also like to say using an independent agent results in the cheapest rates because they can shop around, but that’s not always true, either. In the right set of circumstances, the exclusive agents may have prices that are the cheapest.

Due to that fact that car insurance uses so many rating variables, the best way to get the cheapest rates is to compare rate quotes from as many companies as possible. To find the best rates, be sure to get rate quotes from all three in order to have the best selection to choose from. To see some of the cheapest online companies available, click here to view.

How to find more affordable car insurance for a Toyota Corolla

Lowering your rates is not difficult, and here are some penny-pinching ideas that can help Connecticut drivers quote lower-cost coverage.

• Accidents can significantly increase rates
• Assess whether full coverage is needed
• Raise deductibles to save money
• Try to not file small claims
• Serious violations like DUI or careless driving can make car insurance unaffordable
• Look for cheaper rates once a year by shopping around

The last tip is remarkably important, as was discussed in this article. Rates in Connecticut can change in a short period of time, so don’t hesitate to switch carriers if you find a better deal.

Many drivers prefer to stick with one company, but is isn’t recommended if that devotedness results in you overpaying hundreds of dollars year after year. Now is a great time to shop around to find cheaper insurance for a Toyota Corolla.

Progressive, State Farm, Geico, or Allstate: Who is best?

When buying car insurance, the four most popular companies are Progressive, State Farm, Geico, and Allstate. The table below illustrates ratings for price and service, as well as some optional coverages that may be available in your state.