Who Has Cheap Insurance for a Toyota Corolla in Idaho?

Our staff writers always rib each other than when writing about car insurance, the words cheap or affordable really shouldn’t be used anywhere in the article to describe car insurance rates. It’s a simple fact that cheap car insurance for a Toyota Corolla may be a thing of the past. Don’t let that bother you, though, because there may be ways you can still get coverage that is considered budget-friendly.

Your odds of finding the best cheap auto insurance for a Toyota Corolla in Idaho is contingent on many factors such as whether you are married or single, your claims history, and citations on your driving record. Idaho drivers pay on average $770 per year to insure a Corolla, but that rate is an estimate assuming a 30-year-old married male that includes both comprehensive and collision coverage and $100 deductibles.

When projecting a rate like this, the problem is that you are not a 30-year-old male, possibly single instead of married, or maybe you just want different deductibles. Having just a slight change in the criteria used to calculate rates can precipitate large changes in the cost of coverage for a Toyota Corolla.

Everone’s needs are different, and this illustrates why the most reliable way to find the cheapest coverage for your Toyota is to just take the time to do a thorough rate comparison. Quotes are free and you will receive prices from some of the cheapest companies that insure vehicles in Idaho.

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Your Toyota’s trim level will most likely have an effect on the coverage cost, so the rate you will pay to insure a Corolla LE will cost $26 less than the insurance cost for the more expensive Corolla XRS version, as demonstrated by the prices below.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Idaho minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Prices do not factor in your specific Idaho location which can revise price quotes significantly.

Determining which companies have the lowest-priced auto insurance rates for a Toyota Corolla will take a little more effort than just comparing a company or two.

Each auto insurance company has their own formula to set premium rates, so we need to take a look at the auto insurance companies with the overall cheapest rates in Idaho. It’s important to understand that Idaho auto insurance rates are influenced by many factors that control the policy price. Getting older, getting divorced, or having an accident can trigger changes in premium resulting in some companies being much cheaper than others.

Best Auto Insurance Prices for Your Corolla

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google.charts.setOnLoadCallback(drawIDT5qcibChart);function drawIDT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘American National’, 237, ‘#F05050’], [‘Farm Bureau of ID Group’, 544, ‘#C84242’], [‘USAA’, 546, ‘#A63737’], [‘Oregon Mutual’, 658, ‘#8A2D2D’], [‘Travelers’, 679, ‘#732525’]]);var options = {title: ‘Most Affordable Car Insurance Companies in Idaho’,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:779,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(‘qcibt5cic’));chart.draw(view, options);}

American National generally has some of the most affordable car insurance rates in Idaho at around $237 a year. Farm Bureau of ID Group, USAA, Oregon Mutual, and Travelers would also be considered some of the most economical Idaho auto insurance companies.

In the above example, if you are insured with USAA and switched to American National, you might achieve an annual premium reduction of in the neighborhood of $309. Drivers with Oregon Mutual could save as much as $421 a year, and Travelers insureds might realize rate reductions of up to $442 a year.

To find cheap insurance for a Toyota Corolla in Idaho, click here to get a free quote or click through to the companies below.

Bear in mind that those premium estimates are averaged for all drivers and vehicles and do not factor in a specific rate factor for a Toyota Corolla. So the company that fits your situation best may not even be in the above rate chart. That underscores the importance of why you need to get quotes using your own personalized driver profile and vehicle information.

Does it make sense to buy full coverage?

Finding cheap insurance for a Toyota Corolla in Idaho is the goal of the majority of drivers, and one common way to reduce the cost of insurance is to buy liability only. The illustration below illustrates the comparison of auto insurance costs with full phyical damage coverage and with liability coverage only. The premium estimates are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

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If averaged for all ages, full coverage costs $1,243 per year more than just buying liability only. That proposes the question when is the right time to remove full coverage. There is no set rule for phasing out physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying your deductible. If you are paying over $700 annually for full coverage, then you might want to consider buying only liability coverage.

Illustration showing the impact of accidents and violations

The ideal way to get low auto insurance prices in Idaho for a Corolla is to be a safe driver and maintain a clean driving record. The diagram below illustrates how violations and at-fault collisions increase auto insurance rates for each age group. The premiums are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 2619,3201,3787],[‘Age 30’, 1379,1961,2549],[‘Age 40’, 1317,1899,2487],[‘Age 50’, 1205,1787,2373],[‘Age 60’, 1185,1767,2355],[‘Age 70’, 1353,1933,2521]]);var options = {title: ‘Impact of Tickets and Claims on Idaho Toyota Corolla Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Corolla in Idaho’,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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous chart, the average cost of a car insurance policy in Idaho per year with no accidents and a clean driving record is $1,510. Get two speeding tickets and the average cost surges to $2,091, an increase of $582 each year. Then throw in one accident along with the two speeding tickets and the annual cost of auto insurance for a Toyota Corolla jumps again to an average of $2,679. That’s an increase of $1,169, or $97 per month, just for being a less-than-perfect driver!

Geico, State Farm, Allstate, or Progressive: Who is cheapest?

If you want the best insurance for a Corolla, four of the larger companies to compare rates for are Geico, State Farm, Allstate, and Progressive. Combined they have about 50% of all auto insurance written. The next table ranks some of the different options that are available for buyers.