How Much Does Insurance Cost for a Toyota Corolla in Massachusetts?

The chances of buying affordable coverage for a Toyota Corolla in Massachusetts is dependent upon lots of different rating factors like how far you drive to work, if you have ever had a coverage lapse, and any prior driving offenses you have. Drivers pay an average rate of $750 every 12 months to insure a Corolla, but that policy rate is an estimation based upon a 50-year-old married female that purchased full comprehensive and collision coverage and $500 policy deductibles.

There is a really good chance that you are not 50 and maybe not even a female, possibly single instead of married, or maybe you just want to insure for liability only. This illustrates why the most reliable method for finding the cheapest insurance price for your Toyota is to shop your policy around every couple of years. It only takes a couple of minutes and you will be able to compare rates from the best companies in Massachusetts.

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The specific model of Corolla will have an impact price, so the cost to insure a Corolla LE will be $20 less than the price to insure the more well-appointed Corolla XRS trim level, as shown in the chart below.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Prices do not factor in your specific Massachusetts location which can influence rates considerably.

Comparing quotes for budget auto insurance is challenging, and deciding which companies offer the most affordable insurance rates for a Toyota Corolla may require even more work. Each auto insurer uses a little different formula for determining rates, so to begin we’ll rank the insurance companies that tend to be cheaper in Massachusetts.

Best Car Insurance Prices for Your Corolla

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State Farm quotes some of the most affordable car insurance rates in Massachusetts at around $711 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon would also be considered some of the most economical Massachusetts auto insurance companies.

In the rate table above, if you are a customer of GEICO and switched to State Farm, you could earn a yearly savings of roughly $139. Insureds with Commerce Group may save as much as $164 a year, and OneBeacon insureds might lower prices by up to $201 a year.

Understand that those prices are averages across all drivers and vehicles in Massachusetts and do not factor in a specific rating modification for a Toyota Corolla. So the car insurance company that can offer you the best price may not even be in the above list. That helps illustrate why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.

Discounts on cheap insurance for a Toyota Corolla in Massachusetts

Insurance companies that provide coverage for a Toyota Corolla may also provide discounts that could lower prices by 40% or more if you can meet the requirements. A list of insurance companies and the discounts they provide are detailed below.

The chart below shows the comparison of insurance premiums with and without discounts applied. The information is based on a male driver, no claims or violations, Massachusetts state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, safe-driver, vehicle safety, multiple policy, anti-theft, and multiple vehicle discounts applied. With discounts applied, the the average amount saved on insurance for a Toyota Corolla is 41% or $491.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 4235,3047],[‘Age 30’, 2149,1561],[‘Age 40’, 2153,1561],[‘Age 50’, 1955,1417],[‘Age 60’, 1889,1369],[‘Age 70’, 2289,1651]]);var options = {title: ‘Insurance Rate Comparison for a Toyota Corolla’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Corolla’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Why you should be comparing rates

Massachusetts insurance rates are impacted by many factors which can substantially decrease or increase the policy price. Improving your credit rating, moving to a different location, or having an accident can cause premium changes that can now make some companies cheaper than before. And not only may your rating factors change, but companies amend pricing as needed in order to offset underwriting gains or losses. Heavy losses may result in more expensive premiums, while lower claim expenses may result in cheaper Corolla insurance rates.

For instance, the data below shows which company has the cheapest car insurance in Massachusetts for a 30-year-old male driver with no violations or accidents, and excellent credit. If we compare prices based on his current situation, State Farm offers the most affordable car insurance rates in Massachusetts at $741 per year. This is $494 less than the average rate paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are the remainder of the cheapest Massachusetts auto insurance companies.

google.charts.setOnLoadCallback(drawMAWitcqcibChart);function drawMAWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘State Farm’, 741, ‘#53860C’],[‘National Grange Mutual’, 831, ‘#456F0A’],[‘GEICO’, 850, ‘#395C08’],[‘Commerce Group’, 902, ‘#2F4C06’],[‘OneBeacon’, 903, ‘#273F05’]]);var options = {title: ‘Best Auto Insurance Rates for a Toyota Corolla’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1003,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwitc’));chart.draw(view, options);}

Now we will pretend the driver in the first chart some claims, a little lower credit rating, and a stop sign violation. Since each insurance company uses a different method for establishing rates, comparing prices could result in a slightly different list of companies as shown below.

google.charts.setOnLoadCallback(drawMAWcqcibChart);function drawMAWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Progressive’, 1120.9, ‘#FF7100’],[‘USAA’, 1137.4, ‘#D45E00’],[‘Norfolk and Dedham’, 1150.6, ‘#B04E00’],[‘Amica’, 1256.2, ‘#924100’],[‘GEICO’, 1275, ‘#793600’]]);var options = {title: ‘Car Insurance Rates with Claims and Violations’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1375,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

Progressive now has the best insurance rate in Massachusetts with USAA, Norfolk and Dedham, Amica, and GEICO completing the list. This example shows why consumers need to compare lots of rates when trying to get the most economical insurance rates for a Toyota Corolla.

Insurance rates are influenced by many risk factors and change frequently, so the best company the last time you checked may now be an over-priced policy.

How to get cheap insurance for a Toyota Corolla in Massachusetts

Below you’ll find many money-saving suggestions that can help you find low-cost auto insurance.

• Do not get traffic tickets
• Raise comprehensive and collision coverage deductibles
• Lower rates by purchasing a safer vehicle
• At-fault accidents can raise rates significantly
• Drivers with good credit ratings often pay less
• Shop around once a year for cheaper rates

That last piece of advice is especially vital, as we noted in the prior article. Auto insurance rates in Massachusetts vary considerably, so drivers shouldn’t hesitate to buy from a different company if you find a cheaper price. Loyalty to a specific company is fine, but it’s not recommended if that dedication is costing major coinage every year. Now is a great time to shop around and find cheaper auto insurance for a Toyota Corolla.

Best cheap Toyota Corolla insurance quotes

Drivers have a lot of ways to compare cheaper insurance rates in Massachusetts, but the most common methods are through a captive (or exclusive) agent like Allstate or State Farm, a non-exclusive or independent agent, or from a direct company like Progressive. You can use whichever you prefer, but they differ slightly in how they provide price quotes.

Independent agents can place your business with multiple companies and can quote your policy with each one. These agents do not write with just one company and can give you a larger rate selection, which can give you the best chance of saving money. If a cheaper rate is found, they simply move your policy to a different company and the insured can keep the same agent.

Exclusive agents are able to place business with a single insurance company such as Allstate and Liberty Mutual agents. They usually cannot compare rates from other companies, so if their pricing is high, there is no alternative.

Choosing to buy insurance direct means you skip a local agent and instead shop from a direct company like Esurance or Progressive. This option is good for families who do not have complex finances and have a good understanding of what limits they need.

So comparing independent agents, exclusive agents, and direct, which one works best to find cheap insurance for a Toyota Corolla in Massachusetts? Most people assume that buying from a direct car insurance company saves the most money since that prevents the need to pay agent commissions, but that generally is not the case. And we’d like to say an independent agent results in the cheapest rates since they have more companies to choose from, but that assumption is also not necessarily accurate. And sometimes, the exclusive agents have extremely competitive rates that independents and direct companies can’t touch.

Because there is so much variation in insurance prices, the best way to ensure you are not overpaying for insurance is to compare lots of quotes. In a perfect world, youll get price quotes from independent, exclusive, and direct to have the best selection of rates to choose from. We compiled a list of companies with some of the cheapest online rates that you can click here to view.