Buying affordable car insurance for a Toyota Corolla in Arizona depends on lots of different factors such as annual vehicle mileage, the likelihood of your vehicle being stolen, and your driving record. Drivers will pay on average $655 per year to insure their Corolla, but that is an approximation calculated based on a 40-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.
There is a good probability you are not 40 years old and maybe not even male, possibly single instead of married, or maybe you have a speeding ticket that needs to be factored in. Having just a slight change in rating criteria or coverage limits can result in a massive change in policy price.
There is no perfect policy for every driver, so the way we recommend to find the most affordable coverage for your Toyota is to just compare rates yourself.
The trim level of your vehicle tends to have a direct impact on the insurance rate, so the price you pay to insure a Corolla LE model will be $18 less than the price to insure the higher-priced Corolla XRS version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Information does not factor in vehicle garaging location which can revise insurance rates significantly.
Finding decent, reasonably-priced insurance is hard enough, and figuring out which companies offer the cheapest car insurance rates for a Toyota Corolla takes even more work.
Every insurance company has their own guidelines for determining prices, so let’s begin by examining the car insurance companies with the overall best prices in Scottsdale, AZ. It’s a good idea to be aware that Scottsdale car insurance rates are impacted by many things which can substantially decrease or increase the price of coverage. Simply turning a year older, buying a home, or getting a few speeding tickets may prompt premium changes that can now make some companies more expensive than others.
Cheap Insurance Rates for Your Corolla
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,285|
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The Hartford has some of the most affordable car insurance rates in Scottsdale at around $845 a year. Auto-Owners, Safeco, USAA, and Travelers also make the cut as some of the best Scottsdale, AZ auto insurance companies.
As depicted above, if you are insured with Auto-Owners and switched to The Hartford, you could earn an annual premium reduction of around $43. Customers with Safeco could save as much as $51 a year, and USAA policyholders might lower prices by $235 a year.
To see how much you can save, click here to begin a quote or quote rates from the companies below.
Bear in mind that those rates are averaged for all types of insureds and vehicles and do not factor in a specific vehicle garaging location for a Toyota Corolla. So the car insurance company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own personal information and vehicle type.
The chart below shows how choosing a deductible can increase or decrease annual premium costs when trying to find cheap insurance for a Toyota Corolla. The costs are based on a single female driver, comp and collision included, and no discounts are applied.
A 50-year-old driver could lower their car insurance rates by $322 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $484 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could potentially save $824 or even more just by choosing larger deductibles.
If you do decide to increase your deductibles, it is a good idea to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense that comes with higher deductibles.
Insurance rate increases from tickets or accidents
In a perfect world, the ideal way to earn low car insurance prices in Scottsdale for a Corolla is to drive attentively and avoid accidents and violations. The example below highlights how speeding tickets and at-fault accidents drive up yearly insurance costs for different age groups. The premiums are based on a single female driver, full coverage, $250 deductibles, and no discounts are factored in.
In the example above, the average cost of car insurance in Arizona per year with no accidents and a clean driving record is $1,893. Factor in one speeding ticket and the average cost rises to $2,146, an increase of $253 each year. Then add one accident along with the one speeding ticket and the 12-month cost of car insurance for a Toyota Corolla jumps again to an average of $2,864. That’s an increase of $971, or $81 per month, just for being a careless driver!
Who has the cheapest Corolla insurance?
Scottsdale, AZ car insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay for coverage. Simply having another birthday, filing a claim, or getting a speeding ticket can cause premium changes resulting in some rates now being cheaper than before.
Additionally, auto insurance companies file new rates every year or even multiple times each year to adjust for gains or losses. Larger than normal claims may result in higher prices, while a better loss history may result in lower-priced Corolla insurance rates.
For example, the data below shows the cheapest car insurance in Scottsdale, AZ for a 30-year-old female driver with no accidents or violations, and a good credit history. Based on her current risk factors, The Hartford might offer the best car insurance rates in Scottsdale at $1,119 annually. This is $309 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA round out the rest of the best Scottsdale, AZ auto insurance companies.
Now we will give the driver in the first example a chargeable claim, a little lower credit rating, and a stop sign violation. Due to the fact that each insurance company uses their own formula for setting rates, comparing prices may now show a new list of the cheapest Scottsdale car insurance companies as shown below.
GEICO now has the best auto insurance rate in Scottsdale, AZ with Allied, Ameriprise Group, CSAA, and Safeco now rounding out the top five. This example shows why drivers need to shop around to get the lowest auto insurance rates for a Toyota Corolla. Insurance prices are determined by many factors and change substantially, so the cheapest rate the last time you shopped your coverage around may now cost much more than other companies.
How to find more affordable insurance for a Toyota Corolla
It is possible to find better rates, and here are a few money-saving suggestions that can help Arizona drivers get low-cost coverage.
- Increase your policy deductibles
- Drivers with good credit often pay less
- Buying your home and auto policies from the same company can earn a discount
- Having too many claims will increase rates substantially
- Accident-free drivers may qualify for discounts
- Tickets and violations raise rates
- Compare quotes from other companies often
The last tip is particularly critical, as was emphasized in the prior article. Insurance prices can change considerably based on profitability, so drivers shouldn’t be resistant to buy a policy from a new company if you can find a cheaper rate.
Sticking with a specific company is fine, but it’s not a good idea if that loyalty ends up costing big bucks every year. Take a few minutes and shop around to find cheaper insurance for a Toyota Corolla in Scottsdale.