How Much Does Insurance Cost for a Toyota Corolla in South Carolina?

Our editors always tell us that when writing about car insurance, the words “cheap” or “affordable” should not appear anywhere to describe car insurance rates. Despite the oxymoron, cheap car insurance for a Toyota Corolla may be a thing of the past. But don’t let that discourage you, because we can show you some ways you can still get auto insurance that fits into your budget.

The chances of buying affordable insurance for a Toyota Corolla in South Carolina relies on factors such as driver age, what you do for a living, and the deductible amount you use. Drivers pay on average $880 annually to buy insurance for a Toyota Corolla, but that price is an estimate assuming a 50-year-old married male driver that included full coverage including both comprehensive and collision and $250 policy deductibles.

But there is a high probability that you are not 50 years old and maybe not even male, possibly single instead of married, or maybe you are just looking for cheap liability insurance. Every auto insurance policy is unique to the driver, so the best way to find cheap insurance rates for your Toyota is to do a thorough rate comparison. Price quotes are quick and you will be able to see rates from some of the most affordable companies that insure vehicles in South Carolina.

Cheapest Toyota Corolla Insurance Rates

Your vehicle’s trim level tends to have a direct effect on the cost of insurance, so the rate you pay to insure a Corolla LE will be $26 cheaper than the cost to insure the fancier Corolla XRS model, as shown by the rates below.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can influence coverage rates considerably.

Finding budget car insurance is not the easiest thing to do, and deciding which companies have the most affordable auto insurance rates for a Toyota Corolla takes even more shopping around.

Every car insurance company has a unique approach to determine premium rates, so first we will examine the auto insurance companies with the most affordable rates in South Carolina.

Best Auto Insurance Prices for Your Corolla

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The Hartford normally has some of the lowest car insurance rates in South Carolina at around $752 annually. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also rank well as some of the cheapest South Carolina insurance companies.

As illustrated above, if you buy coverage from Auto-Owners and switched to USAA, you could earn yearly savings of in the neighborhood of $146. Drivers with SC Farm Bureau Mutual may save as much as $265 a year, and Southern Farm Bureau customers might see rate reductions of $265 a year.

Understand that those rates are averages across all drivers and vehicles in South Carolina and and are not figured with a specific rate factor for a Toyota Corolla. So the auto insurance company that is best suited for you may not even be in the list of companies above. That points out the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

The example below demonstrates how deductibles can raise or lower premium costs when searching for cheap insurance for a Toyota Corolla. The rates are based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4327,3915,3475,3061],[‘Age 30’, 2191,2005,1791,1585],[‘Age 40’, 2199,1997,1771,1557],[‘Age 50’, 1993,1815,1615,1423],[‘Age 60’, 1931,1759,1567,1385],[‘Age 70’, 2339,2139,1923,1717]]);var options = {title: ‘Deductibles and Toyota Corolla Insurance Rates in South Carolina’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Corolla’,minValue: 0,format: ‘$###,###’},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);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 30-year-old driver could lower their policy premium by $428 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $642 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old example, have the ability to save as much as $1,266 each year by choosing larger deductibles on their policy.

When raising deductibles, it will be important to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Discounts on cheap insurance for a Toyota Corolla in South Carolina

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-toyota-corolla-sc.jpg" alt="Cheaper South Carolina auto insurance for a Corolla” />Insurance providers that sell policies for a Toyota Corolla may also provide policy discounts that could reduce prices by as much as 35% or more if you are eligible for them. A list of auto insurance companies and some of the discounts are:

• Progressive includes discounts for online quote discount, good student, online signing, multi-policy, continuous coverage, homeowner, and multi-vehicle.
• AAA discounts include pay-in-full, multi-policy, education and occupation, good driver, and anti-theft.
• Farmers Insurance may include discounts for youthful driver, multi-car, alternative fuel, early shopping, homeowner, and good student.
• GEICO policyholders can earn discounts including five-year accident-free, defensive driver, emergency military deployment, good student, seat belt use, and military active duty.
• Esurance has savings for multi-policy, paid-in-full, defensive driver, Pac-12 alumni, safety device, good driver, and anti-theft.
• SAFECO offers discounts including drive less, multi-car, teen safety rewards, teen safe driver, safe driver, and anti-theft.
• State Farm may offer discounts for good driver, multiple autos, safe vehicle, multiple policy, Drive Safe & Save, and accident-free.

The diagram below visualizes the comparison of insurance prices with and without policy discounts. The data is based on a male driver, a clean driving record, no claims, South Carolina state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, passive restraint, defensive driving course, multiple policy, claim-free, and marriage discounts applied. When discounts are applied, the average amount saved each year on auto insurance for a Toyota Corolla is 28% or $693.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 4327,3113],[‘Age 30’, 2191,1591],[‘Age 40’, 2199,1591],[‘Age 50’, 1993,1445],[‘Age 60’, 1931,1395],[‘Age 70’, 2339,1685]]);var options = {title: ‘Comparison of Insurance Rates for a Toyota Corolla’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Corolla in South Carolina’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

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

When shopping around for insurance for a Corolla, the top insurers to get price quotes from are Allstate, Geico, Progressive, and State Farm. When combined, they make up 48.5% of all policies written. They all have unique options and discounts that buyers can select from. The following table compares some of the different features that are available from each company.