Toyota Corolla Insurance Quotes in Houston

Have you had enough of trying to scrape together enough money each month for car insurance? Your situation is no different than most other vehicle owners in Texas.

Insurance quote for Toyota Corolla in HoustonSurprisingly, a recent survey revealed that 70% of consumers kept their coverage with the same car insurance company for a minimum of four years, and almost 40% of drivers have never compared quotes from other companies. Most drivers in Texas can save hundreds of dollars each year by just comparing rate quotes, but they won’t spend time to save money by comparing rate quotes.

Many insurance companies vie for your business, and it can be difficult to compare rates to find the lowest price on Toyota Corolla insurance in Houston.

It is always a good idea to compare rates before your next renewal because prices change regularly. Despite the fact that you may have had the lowest rates on Toyota Corolla insurance in Houston six months ago other companies may now be cheaper. Ignore everything you know about car insurance because you’re going to learn how to use the internet to save money, get proper coverage and the best rates.

To find low cost rates, there are a couple of ways to obtain and compare prices from different companies. The easiest way by far to find affordable Toyota Corolla insurance rates consists of shopping online.

Getting free rates online is quite simple, and it replaces the need to go to all the different Houston insurance agencies. The ability to buy insurance online eliminates this option unless you prefer the peace of mind that you can only get from talking to an agent. If you prefer, some companies allow you to compare the best prices online but purchase the actual policy in an agency. When comparing insurance rates, know that having more price comparisons helps locate the best price.

The companies shown below offer price quotes in Texas. If several companies are displayed, we suggest you visit several of them in order to find the lowest rates.

Toyota Corolla Insurance Costs in Houston, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $252 $580 $358 $22 $108 $1,320 $110
Corolla S $254 $602 $430 $26 $128 $1,440 $120
Corolla XLE $156 $360 $400 $24 $120 $1,060 $88
Corolla XRS $234 $368 $500 $30 $150 $1,282 $107
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Premium amounts do not factor in your specific Houston location which can influence price quotes significantly.

Do you need full coverage?

The information below illustrates the comparison of Toyota Corolla yearly insurance costs with and without full coverage. Data assumes no claims or driving citations, $1,000 deductibles, married male driver, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula to eliminate full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your Toyota Corolla replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after paying your deductible. If it’s costing you more than $700 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some cases where removing full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Auto insurance deductibles

One common question asked by Houston drivers is the level to set your comp and collision deductibles. The comparisons below summarize the rate fluctuation when you choose different insurance deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.

Toyota Corolla insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $294 $584 $382 $22 $114 $1,421 $118
Corolla S $294 $584 $382 $22 $114 $1,421 $118
Corolla XLE $294 $584 $382 $22 $114 $1,421 $118
Corolla XRS $332 $584 $382 $22 $114 $1,459 $122
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Toyota Corolla insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $182 $368 $382 $22 $114 $1,068 $89
Corolla S $182 $368 $382 $22 $114 $1,068 $89
Corolla XLE $182 $368 $382 $22 $114 $1,068 $89
Corolla XRS $206 $368 $382 $22 $114 $1,092 $91
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific location information which can lower or raise insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $29 more each month or $348 annually than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 26 months between claims, you would save more money going with the higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $119
Average monthly premium for $1,000 deductibles (subtract): – $90
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One big caveat is that increasing deductibles to save money results in more money out-of-pocket when you have a claim. You need enough money stashed away in the event you need to pay the deductible to have repairs made.

Auto insurance premiums based on gender

The illustration below compares Toyota Corolla car insurance costs for male and female drivers. Data assumes no claims or violations, comp and collision included, $250 deductibles, drivers are single, and no other discounts are factored in.

Earn discounts on Houston insurance

Car insurance companies don’t necessarily list the entire discount list very clearly, so the next list breaks down some of the best known and also the lesser-known discounts that you can inquire about if you buy Houston auto insurance online.Cheaper insurance with discounts

As a footnote on discounts, most discount credits are not given to the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Even though it appears all the discounts add up to a free policy, companies don’t profit that way.

Large insurance companies and a summarized list of policyholder discounts include:

If you need affordable Houston auto insurance quotes, ask each company or agent which discounts can lower your rates. All car insurance discounts might not be offered on policies in Houston.

When to have guidance from an insurance agent

A small number of people would rather have an agent’s advice and doing that can be a smart decision One of the benefits of comparing insurance prices online is that you can obtain cheap insurance quotes and also buy local.

Find insurance agent in HoustonFor easy comparison, once you complete this short form, your insurance coverage information is immediately sent to participating agents in Houston who will give competitive quotes for your business. You won’t even need to contact an agency since price quotes are sent instantly to you. You can find the lowest rates and a licensed agent to talk to. If you need to get a comparison quote from one company in particular, you would need to go to their quote page and fill out the quote form the provide.

Picking an company is decision based upon more than just a cheap price. The answers to these questions are important, too.

Types of car insurance agents

When searching for a local insurance agency, it can be helpful to understand the different agency structures that you can select. Insurance policy providers can be classified as either independent or exclusive.

Exclusive Insurance Agencies

Agents that elect to be exclusive write business for a single company like State Farm, Allstate and AAA. They generally cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are usually well trained in insurance sales which helps them sell on service rather than price.

The following is a list of exclusive agents in Houston that can give you rate quotes.

14901 TX-249 #105Houston, TX 77086(713) 464-2077View Map

1510 Eldridge Pkwy #108Houston, TX 77077(281) 759-4300View Map

1005 Waugh Dr bHouston, TX 77019(713) 520-5556View Map

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Independent Insurance Agents

Agents that elect to be independent are not employed by any specific company so they can quote policies with multiple insurance companies and help determine which has the cheapest rates. To transfer your coverage to a different company, they can switch companies in-house and you won’t have to switch agencies.

If you are comparing insurance prices, we recommend you get insurance quotes from at a minimum one independent agency to get the most accurate price comparison.

Shown below is a short list of independent insurance agents in Houston who can help you get rate quotes.

3673 Westcenter DrHouston, TX 77042(800) 221-3386View Map

13430 Northwest Fwy #600Houston, TX 77040(713) 956-9800View Map

15327 Gulf Fwy bHouston, TX 77034(281) 484-4870View Map

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Once you have received answers to your satisfaction to any questions you have and a good coverage price, you may have found a car insurance agent that can be relied on to service your policy.

Seven factors that affect insurance premiums

An important part of buying insurance is that you know the different types of things that help calculate your car insurance rates. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that may result in lower rates. Lots of things are used in the calculation when quoting car insurance. Most are fairly basic such as your driving record, but others are more obscure such as whether you are married or how financially stable you are.

Auto insurance is an important decision

Despite the high cost of buying insurance for a Toyota Corolla in Houston, paying for auto insurance serves a purpose in several ways.

The benefits of having insurance definitely exceed the cost, particularly if you ever have a claim. An average driver in America is currently overpaying as much as $865 each year so you should quote your policy with other companies once a year at a minimum to ensure rates are competitive.

Quote. Compare. Save.

When you buy Houston auto insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, an insured cut liability limits or collision coverage and learned later they didn’t purchase enough coverage. The aim is to get the best coverage possible at a price you can afford.

There are still a few companies who may not have the ability to get quotes online and many times these regional insurance providers work with local independent agents. Discount Toyota Corolla insurance can be sourced online and also from your neighborhood Houston agents, so compare prices from both in order to have the best price selection to choose from.

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