Finding competitive insurance for a Toyota Corolla in Texas relies on a lot of rating criteria such as age of the driver, your credit score, and the level of deductible you choose. Drivers in Texas pay on average $1,079 per year for Corolla insurance, but that figure is calculated based on a 40-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.
But there is a high likelihood that you may not be 40 years old (or even male), single instead of married, or maybe you want different physical damage deductibles. Different coverage needs are the reason why the only way to find affordable rates for your Toyota is to put in the effort to do a thorough rate comparison. Price quotes are quick and you will get price quotes from some of the best insurers that sell coverage in Texas.
Vehicle trim level tends to have a direct impact on price, so the rate you pay to insure a Corolla LE will be $34 cheaper than the cost to insure the more expensive Corolla XRS version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can alter price quotes significantly.
Finding out which companies have the cheapest auto insurance rates for a Toyota Corolla takes a little more work than just comparing rates from one or two companies. Every auto insurer uses their own calculation for determining prices, so let’s rank the most affordable auto insurance companies in Texas.
We do need to point out that Houston auto insurance rates are influenced by many factors that will increase or decrease the price of coverage. Simply having a birthday, buying a different home, or getting a couple of tickets can trigger rate changes that may make certain companies more affordable than others.
Lowest Insurance Price Quotes for Your Corolla
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,247|
|View More Rates Go|
Travelers normally has some of the best car insurance rates in Houston at around $1,021 annually. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the most economical Houston, TX auto insurance companies.
As shown above, if you are insured with Esurance and switched to USAA, you might realize an annual savings of roughly $251. Texas drivers with California Casualty may save as much as $310 a year, and State Farm policyholders might cut rates by $337 a year.
Be aware that those rates are averages across all insureds and vehicles and are not factoring in an exact zip code location for a Toyota Corolla. So the car insurance company that fits you best may not even be in the list above. That is why you need to get car insurance quotes using your own specific driver and vehicle information.
Get discounts on Houston auto insurance rates
Insurers that provide coverage for a Toyota Corolla may additionally offer price discounts that could reduce prices by 25% or more if you meet eligibility requirements. A few popular companies and some of the premium reductions they offer can be found below.
- GEICO has discounts for emergency military deployment, defensive driver, seat belt use, daytime running lights, five-year accident-free, and anti-lock brakes.
- Mercury Insurance policyholders can earn discounts including accident-free, ease of repair, location of vehicle, type of vehicle, multi-policy, and multi-car.
- Farmers Insurance offers discounts for switch companies, business and professional, distant student, early shopping, homeowner, and bundle discounts.
- Auto-Owners Insurance may have discounts that include air bags, anti-lock brakes, group or association, company car, good student, and teen driver.
- Liberty Mutual has savings for multi-policy, exclusive group savings, new move discount, new graduate, and new vehicle discount.
- SAFECO may offer discounts for anti-lock brakes, drive less, multi-car, homeowner, and teen safety rewards.
- Progressive may include discounts for good student, online quote discount, continuous coverage, multi-vehicle, homeowner, and multi-policy.
- USAA offers premium reductions for multi-policy, new vehicle, loyalty savings, driver training, good student, and family discount.
The example below shows the comparison of car insurance rates with and without policy discounts. The premiums are based on a male driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with passive restraint, multiple vehicle, vehicle safety, multiple policy, homeowner, and defensive driving course discounts applied. In this example, the average savings per year on auto insurance for a Toyota Corolla is 28% or $704.
The information below shows how choosing a deductible can raise or lower insurance costs when quoting cheap insurance for a Toyota Corolla. The costs are based on a married male driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $372 a year by switching from a $100 deductible to a $500 deductible, or save $560 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can cut $1,240 or even more by choosing a larger deductible amount.
If you do decide to increase your deductibles, it will be required to have enough in a savings account to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
The agents listed below can probably help you determine which policy fits your needs best, as some people prefer to have the advice of a professional agent when trying to find the best insurance rates for a Toyota Corolla. It can be hard to find the best policy on your own, and getting advice from a licensed agent can add satisfaction knowing your coverage gives you adequate coverage when you need it most. To find an agent close to you, click the button link following the list or click here to compare price quotes.
Craig Insurance Agency
1020 Bay Area Blvd # 100 – Houston, TX 77058 – (281) 488-2733
Noveri Insurance Agency
2657 Gessner Rd – Houston, TX 77080 – (713) 460-9400
Allstate Insurance: Harris County Insurance Agency
13030 Woodforest Blvd b – Houston, TX 77015 – (713) 451-5716
Tips to find low-cost car insurance for a Toyota Corolla
Below you’ll find some thrifty solutions that can help you find low-cost coverage.
- Home or renters coverage can save on auto insurance
- At-fault accidents will increase rates
- Save money by obeying traffic laws and keeping a clean driving record
- Do not pay for comprehensive and collision coverage on older vehicles
- Avoid price increases by not filing claims
- Drive a car with a high safety rating
- Shop around and save
The last suggestion is extremely vital, as we pointed out in the article above. Rates in Houston change a lot, so don’t be hesitant to buy from a new company if a better deal can be had.
Loyalty to a specific company is fine, but is isn’t recommended if it’s costing you a small fortune. Now is a great time to shop around and find cheaper insurance for a Toyota Corolla.