Locating cheaper insurance for a Toyota Corolla in Pennsylvania can be a painful process, but you can learn a few tricks to save time.
There are more efficient ways to shop for car insurance so you’re going to learn the absolute fastest way to quote coverages for a new or used Toyota and obtain the lowest price from both online companies and Philadelphia agents.
It’s smart to get comparison quotes before your next renewal because car insurance prices change quite often. Even if you think you had the best rates on Toyota Corolla insurance in Philadelphia a few years ago you may be paying too much now. There are lots of tips to save on Corolla insurance on the web, but in just a couple of minutes you can learn some proven techniques to quit paying high car insurance rates in Philadelphia.
Affordable Toyota insurance rates in Philadelphia
The car insurance companies shown below are our best choices to provide free quotes in Philadelphia, PA. If multiple providers are shown, we recommend you visit two to three different companies to get the best price comparison.
Data for Toyota Corolla insurance
The coverage table shown below outlines different prices for Toyota Corolla models. Understanding more about how insurance policy rates are figured can help drivers make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $218 | $520 | $372 | $22 | $112 | $1,244 | $104 |
| Corolla S | $218 | $520 | $372 | $22 | $112 | $1,244 | $104 |
| Corolla XLE | $218 | $520 | $372 | $22 | $112 | $1,244 | $104 |
| Corolla XRS | $246 | $520 | $372 | $22 | $112 | $1,272 | $106 |
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Table data does not factor in specific location which can revise price quotes noticeably.
Higher deductibles lower rates
One frequently asked question is how low should you set your deductibles. The figures shown below show how much more you’ll pay between high and low comp and collision deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $284 | $602 | $330 | $20 | $98 | $1,359 | $113 |
| Corolla S | $284 | $602 | $330 | $20 | $98 | $1,359 | $113 |
| Corolla XLE | $284 | $602 | $330 | $20 | $98 | $1,359 | $113 |
| Corolla XRS | $320 | $602 | $330 | $20 | $98 | $1,395 | $116 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| Corolla S | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| Corolla XLE | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| Corolla XRS | $234 | $408 | $330 | $20 | $98 | $1,090 | $91 |
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in specific zip code location which can increase or decrease rates greatly.
Based on the above data, using a $100 deductible will cost you roughly $24 more each month or $288 annually across all Toyota Corolla models than opting for the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go more than 17 months between claims, you would come out ahead going with the higher deductible.
Irresponsible driving raises your rates
The chart below shows how speeding tickets and at-fault claims can impact Toyota Corolla insurance costs for different age groups of insureds. The data assumes a single male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
Men versus women drivers and insurance cost
The diagram below illustrates the difference between Toyota Corolla car insurance costs for male and female drivers. The data assumes a clean driving record, no at-fault accidents, comp and collision included, $1,000 deductibles, single marital status, and no discounts are taken into consideration.
Cost comparison with and without full coverage
The diagram below illustrates the difference between Toyota Corolla insurance premiums with and without physical damage coverage. Data assumes no accidents, no driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.
Should you be buying full coverage?
There isn’t a written rule for excluding full coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s assume your Toyota Corolla replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after paying the physical damage deductible. If you are paying more than $700 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are a few situations where buying only liability insurance is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Get cheaper Toyota Corolla insurance in Philadelphia with discounts
Auto insurance is not an enjoyable expense, but you might be missing out on some discounts that can dramatically reduce your bill. Some trigger automatically at quote time, but some need to be manually applied before you will receive the discount. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.
- Distant Student Discount – College-age children who live away from home to go to college and leave their car at home may qualify for this discount.
- Discount for Passive Restraints – Cars that have air bags can qualify for discounts of up to 25% or more.
- Full Payment Discount – By paying your entire bill at once instead of making monthly payments you may have a lower total premium amount.
- Save with More Vehicles Insured – Buying insurance for all your vehicles with the same auto insurance company could earn a price break for each car.
- Good Drivers – Safe drivers can pay as much as 50% less than their less cautious counterparts.
- Good Students Pay Less – This discount could provide a savings of up to 20% or more. Many companies even apply the discount to college students well after school through age 25.
- Multi-line Discount – Some auto insurance companies give a lower auto insurance rate if you buy a life policy as well.
- Government Employee Discount – Active or former government employment may reduce rates when you quote Philadelphia car insurance with certain companies.
- Driver’s Education for Students – Have your child participate in a local driver’s education class in high school.
- New Car Discount – Putting insurance on a new Corolla can save you some money due to better safety requirements for newer vehicles.
Discounts lower rates, but many deductions do not apply to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, you aren’t that lucky.
The example below shows the comparison of Toyota Corolla yearly insurance costs with and without policy discounts. The information is based on a female driver, no tickets, no at-fault accidents, Pennsylvania state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, marriage, and homeowner discounts applied.
To find insurance companies offering auto insurance discounts in Pennsylvania, follow this link.
Get rate quotes but buy from a local Philadelphia insurance agent
A small number of people just want to talk to an insurance agent. Good insurance agents will help you protect your assets and help file insurance claims. A nice benefit of getting free rate quotes online is the fact that drivers can get cheaper rates and still buy from a local agent. And buying from neighborhood agents is definitely important in Philadelphia.
To help locate an agent, after submitting this simple form, your insurance data is sent to local insurance agents in Philadelphia who will give competitive quotes for your business. It’s much easier because you don’t need to contact any insurance agencies due to the fact that quote results will go directly to your email. If you wish to quote rates from a specific company, you just need to search and find their rate quote page and fill out the quote form the provide.
If you would like to find a reliable insurance agency, there are two different types of agencies and how they operate. Car insurance agents in Philadelphia are either exclusive or independent. Either one can handle car insurance, but it’s worth learning the difference between them because it can influence your agent selection.
Independent Agents (or Brokers)
Independent insurance agents are not restricted to one company so they can quote policies with a variety of different insurance companies and possibly get better coverage at lower prices. If they find a lower price, they simply switch companies in-house and you don’t have to find a new agent.
If you need lower rates, you definitely need to get insurance quotes from independent agents to have the best price comparison. Most independent agents also contract with smaller companies which may provide better rates.
The following is a small list of independent agencies in Philadelphia that may be able to give you competitive price quotes.
- The Gannon Insurance Agency Inc
2704 Street Rd – Bensalem, PA 19020 – (215) 891-9990 – View Map - Eckroth Insurance Group LLC
521 N 22nd St – Philadelphia, PA 19130 – (215) 232-0200 – View Map - Larry Lewis Insurance Agency, LLC
4548 Market St #208 – Philadelphia, PA 19139 – (215) 243-4110 – View Map
Exclusive Insurance Agents
Exclusive insurance agents normally can only provide a single company’s rates and examples are Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. These agents are well trained on their company’s products which aids in selling service over price. Drivers often choose to use an exclusive agent mainly due to the brand name rather than having the cheapest rates.
The following is a list of exclusive agencies in Philadelphia that are able to give comparison quotes.
- State Farm: Brian Cover
7005 Bustleton Ave – Philadelphia, PA 19149 – (215) 332-9000 – View Map - George Kweder – State Farm Insurance Agent
1521 W Oregon Ave – Philadelphia, PA 19145 – (215) 467-1837 – View Map - Jack Stabler – State Farm Insurance Agent
6726 Torresdale Ave – Philadelphia, PA 19135 – (215) 331-4300 – View Map
Picking a car insurance agent should include more criteria than just a cheap price quote. The following questions are important to ask.
- Is the agent properly licensed in Pennsylvania?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Who are their largest clients?
- Are they primarily personal or commercial lines agents in Philadelphia?
- Do they have any clout with companies to ensure a fair claim settlement?
- How often do they review coverages?
Auto insurance coverages 101
Knowing the specifics of auto insurance can be of help when determining appropriate coverage and proper limits and deductibles. Auto insurance terms can be difficult to understand and coverage can change by endorsement.
Auto liability insurance – Liability coverage protects you from damage or injury you incur to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 15/30/5 which means a limit of $15,000 per injured person, a per accident bodily injury limit of $30,000, and property damage coverage for $5,000. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers things such as court costs, emergency aid, funeral expenses, repair bills for other people’s vehicles and legal defense fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford. Pennsylvania state law requires minimum liability limits of 15/30/5 but it’s recommended drivers buy better liability coverage.
The next chart shows why minimum state limits may not provide you with enough coverage.
Comprehensive auto insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like a tree branch falling on your vehicle, rock chips in glass, a broken windshield, vandalism and hitting a bird. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for hospital visits, chiropractic care, nursing services, pain medications and ambulance fees. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Toyota Corolla.
Because many people carry very low liability coverage limits (Pennsylvania limits are 15/30/5), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are set the same as your liability limits.
Collision – This pays for damage to your Corolla from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like backing into a parked car, colliding with a tree and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible on your Corolla in order to get cheaper collision rates.
Cheap rates are available
As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice collision coverage only to discover later they didn’t purchase enough coverage. Your objective should be to buy the best coverage you can find at a price you can afford, not the least amount of coverage.
Some car insurance companies may not have online price quotes and these regional insurance providers work with independent insurance agents. Lower-priced car insurance in Philadelphia can be found both online as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from.
Consumers change insurance companies for a number of reasons such as unfair underwriting practices, policy cancellation, delays in paying claims or even being labeled a high risk driver. No matter why you want to switch, finding a new company is actually quite simple.
More information can be read at the links below
- Comprehensive Coverage (Liberty Mutual)
- Who Has the Cheapest Philadelphia Auto Insurance Rates for Ride Shares? (FAQ)
- What Car Insurance is Cheapest for a Ford Explorer in Philadelphia? (FAQ)
- Information for Teen Drivers (GEICO)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Keeping Children Safe in Crashes Video (iihs.org)