Cheapest Insurance for a Toyota Corolla in Lexington

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Discount Toyota Corolla insurancePerplexed by the number of car insurance providers that you can choose from? You're not alone. Kentucky people have such a large number of options that it can turn into a real hassle to find better rates for Toyota Corolla insurance in Lexington. Lots of people think Lexington has lots to offer, but pricey car insurance can make it nearly impossible to afford.

Steps to buying low-cost Toyota Corolla insurance in Lexington

Truthfully, the best way to get affordable car insurance rates in Lexington is to begin comparing prices regularly from insurance carriers who provide car insurance in Kentucky.

  • First, get a basic knowledge of coverages and the steps you can take to keep rates low. Many rating factors that are responsible for high rates such as your driving record and a not-so-good credit history can be improved by being financially responsible and driving safely. Keep reading for ideas to help prevent expensive coverage and earn a bigger discount.
  • Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO or Allstate, while independent agencies can give you price quotes from multiple companies. Compare rates now
  • Third, compare the new rates to your current policy premium and determine if cheaper Corolla coverage is available. If you find better rates and change companies, make sure there is no coverage gap between policies.

One bit of advice is to try to compare the same deductibles and limits on every price quote and and to analyze as many carriers as you can. This helps ensure an apples-to-apples comparison and maximum price selection.

A recent survey discovered that the majority of drivers have bought car insurance from the same company for at least the last four years, and almost half have never compared rates from other carriers. Lexington insurance shoppers could pocket $600 a year, but most just don't grasp the amount of savings they would get if they switch to a new company.

Our goal in writing this article instruct you on how to effectively get price quotes and how you can save the most money. If you're already insured, you stand a good chance to be able to get lower rates using these tips. But Kentucky vehicle owners must learn the way insurance companies determine prices because rates fluctuate considerably.

The quickest method we recommend to compare rates for Toyota Corolla insurance in Lexington is to realize most of the larger companies provide online access to give rate comparisons. The only thing you need to do is give them some information like whether you are single or married, distance driven, your credit rating estimate, and how much school you completed. The data gets transmitted to insurance companies and they return cost estimate immediately.

To find lower cheaper Toyota Corolla insurance rates now, click here and find out if you can get cheaper insurance in Lexington.

The providers in the list below provide free quotes in Kentucky. In order to find the best car insurance in Lexington, we recommend you visit two to three different companies in order to find the most affordable rates.

Cheap Lexington insurance rates with discounts

Some insurance providers don't always list every possible discount very well, so the list below contains some of the more common and the harder-to-find credits that you can use to lower your rates.Insurance discounts

  • Seat Belt Discounts - Forcing all vehicle occupants to buckle their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • More Vehicles More Savings - Purchasing coverage when you have multiple cars with one company can reduce the rates for all insured vehicles.
  • Lexington Homeowners Discount - Just owning your own home may earn you a small savings because it demonstrates responsibility.
  • Low Mileage - Driving fewer miles may enable drivers to earn slightly better rates than normal.
  • Auto/Home Discount - When you have multiple policies with one company you could get a discount of up to 20% off your total Corolla insurance premium.
  • Discounts for Government Workers - Having worked for a branch of the government may reduce rates when you quote Lexington car insurance with some insurance companies.
  • ABS Brakes - Vehicles that have steering control and anti-lock brakes have fewer accidents and will save you 10% or more on Corolla insurance in Lexington.
  • Accident Forgiveness Coverage - Not necessarily a discount, but companies like Allstate, State Farm and GEICO allow you one accident before they charge you more for coverage if you have no claims for a certain period of time.
  • Lower Rates for Military - Having a family member in the military could be rewarded with lower prices.
  • Defensive Driving Course - Taking time to complete a defensive driver course can save you 5% or more if you qualify.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. Just because you may think it's possible to get free car insurance, that's just not realistic.

The diagram below shows the difference between Toyota Corolla insurance costs with and without discounts. The rate quotes are based on a male driver, no claims or driving citations, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, claim-free, marriage, and safe-driver discounts applied.

Some of the insurance companies that may offer these benefits are:

It's a good idea to ask every company how you can save money. A few discounts might not be offered everywhere. To choose insurance companies who offer insurance discounts in Lexington, click here to view.

Coverage analysis

The coverage table displayed below covers a range of prices for Toyota Corolla models. Learning a little about how prices are determined helps drivers make smart choices when purchasing an auto insurance policy.

Toyota Corolla Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $198 $396 $334 $20 $100 $1,048 $87
Corolla S $198 $396 $334 $20 $100 $1,048 $87
Corolla XLE $198 $396 $334 $20 $100 $1,048 $87
Corolla XRS $224 $396 $334 $20 $100 $1,074 $90
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in specific location which can revise rates significantly.

The chart below shows how different deductible levels and can increase or decrease Toyota Corolla insurance costs for different insured age categories. The rates are based on a single female driver, full coverage, and no other discounts are factored in.

Impact of violations and accidents on rates in Lexington

The diagram below demonstrates how speeding tickets and fender-benders drive up Toyota Corolla auto insurance costs for different ages of insureds. The information is based on a married male driver, full coverage, $250 deductibles, and no discounts are applied.

Best car insurance company in Kentucky

Ending up with the top company can be a challenge considering how many choices drivers have in Lexington. The company rank data below could help you decide which car insurance providers to look at purchasing from.

Top Car Insurance Companies in Lexington
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

What Determines Toyota Corolla Insurance Prices?

One of the most helpful ways to save on car insurance is to to have a grasp of some of the things that aid in calculating your policy premiums. If you know what determines premiums, this empowers consumers to make smart changes that can earn you lower premium levels. Lots of factors are used when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, although some other factors are more obscure such as your credit history and annual miles driven.

The list below includes some of the things that factor into prices.

  • Big cities have higher premiums - Having an address in a rural area is a positive aspect when trying to find low car insurance rates. Fewer people means reduced accidents in addition to fewer liability claims. City drivers have to deal with more road rage incidents and longer commutes to work. More time behind the wheel means more chances of being involved in an auto accident.
  • Less chance of injury means lower car insurance rates - Vehicles with good safety scores can get you lower premiums. Vehicles built for safety reduce occupant injuries and reduced instances of injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Toyota Corolla has ratings of a minimum four stars on Safercar.gov it may cost less to insure.
  • Higher coverage deductibles cost less - The deductibles you choose tell how much you are willing to pay in the event of a claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Examples of some claims that would be covered would be colliding with a stationary object, vandalism, and damage caused by road hazards. The more you're willing to pay, the better rate you will receive.
  • Which gender costs less? - Statistics show that females tend to be a little less risky than males. However, don't assume that females are better at driving than males. They both are responsible for accidents at about the same rate, but the men get into accidents with more damage. Not only are claims higher, but men get cited for more serious violations like DUI and reckless driving.

    The chart below visualizes the comparison of Toyota Corolla insurance costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, full coverage, $250 deductibles, single status, and no discounts are factored in.

  • Toyota Corolla insurance claim data - Car insurance companies use statistical claims data to calculate a price that offsets possible losses. Models that historically have a higher amount or frequency of claims will cost more to insure. The table shown below demonstrates the collected loss data for Toyota Corolla vehicles.

    For each policy coverage, the claim amount for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers below 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

    Toyota Corolla Insurance Loss Statistics
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota Corolla 133 111 94 156 158 128
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years