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

Finding affordable insurance for a Toyota Corolla in Hawaii hinges on many different factors such as the amount of driving experience you have, if you have ever had a gap in coverage, and violations on your driving record. Hawaii drivers will pay around $750 annually to insure their Corolla, but that cost is an estimation assuming a 40-year-old married male driver that has full coverage and $250 deductibles.

When making auto insurance estimates, the issue arises that you’re not a 40-year-old male, possibly single instead of married, or maybe you don’t qualify for the same discounts. Just a minor change in quote information could result in a significant change in the policy cost.

Each driver has unique rating factors, so the best way to quote cheap car insurance rates for your Toyota is to start the habit of comparing rates at least once a year.

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The specific trim level will have an impact the cost of insurance, so the price you pay to insure a Corolla LE trim level will be $24 less than the insurance cost for the more well-appointed Corolla XRS version, as shown below.

Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in specific location which can impact rates considerably.

Deciding which company offers the lowest-priced insurance rates for a Toyota Corolla requires a bit more work than just getting one or two price quotes.

Every insurance provider uses their own formula for setting rates, so we will examine the insurance companies that tend to be cheaper in Hawaii.

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USAA normally has some of the lowest car insurance rates in Hawaii at around $964 each year. State Farm, GEICO, Liberty Mutual, and Progressive would also be considered some of the best Hawaii car insurance companies.

In the above example, if you have coverage with Liberty Mutual and switched to State Farm, you could realize a yearly price reduction of roughly $301. Drivers with Progressive might save as much as $504 a year, and Allstate insureds might see rate reductions of $806 a year.

Remember that these policy prices are averages across all insureds and vehicles and and are not calculated with a specific rate value for a Toyota Corolla. So the car insurance company that has the cheapest rates for you may not even be included in the chart above. That point stresses why you need to get rate quotes using your own personalized driver profile and vehicle information.

Discounts on cheap insurance for a Toyota Corolla in Hawaii

Insurance companies that provide policies for a Toyota Corolla may also offer special discounts that could potentially reduce rates by as much as 25% or more if you meet eligibility requirements. The best insurance companies and a partial list of their discounts can be read below.

• State Farm policyholders can earn discounts including Drive Safe & Save, student away at school, passive restraint, multiple policy, good driver, and anti-theft.
• GEICO may include discounts for anti-lock brakes, five-year accident-free, defensive driver, membership and employees, and federal employee.
• SAFECO offers discounts including accident prevention training, safe driver, teen safe driver, teen safety rewards, bundle discounts, and multi-car.
• Farmers Insurance may offer discounts for switch companies, youthful driver, electronic funds transfer, early shopping, and good student.
• AAA has savings for multi-policy, good student, AAA membership discount, pay-in-full, education and occupation, and anti-theft.
• USAA offers discounts for defensive driver, loyalty savings, multi-vehicle, vehicle storage, and driver training.

The diagram below illustrates the difference between insurance costs with and without some available policy discounts. The rates are based on a female driver, no claims or driving violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with anti-theft, claim-free, marriage, passive restraint, defensive driving course, and multiple vehicle discounts applied. When drivers qualify for the discounts, the the average yearly reduction on insurance for a Toyota Corolla is 28% or $507.

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Insurance rate increases from tickets or accidents

The easiest way to receive cheap insurance for a Toyota Corolla in Hawaii is to be a good driver and avoid tickets and accidents. The example below shows how speeding tickets and accident claims can influence premium costs for different age categories. The information is based on a single female driver, full coverage, $500 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2219,2421,2983],[‘Age 30’, 1515,1713,2279],[‘Age 40’, 1411,1609,2175],[‘Age 50’, 1235,1437,1999],[‘Age 60’, 1193,1393,1959],[‘Age 70’, 1403,1603,2167]]);var options = {title: ‘Impact of Tickets and Claims on Hawaii 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 Hawaii’,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);}

The data above shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,496. Factor in one speeding ticket and the average cost increases to $1,696, an increase of $200 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of insurance for a Toyota Corolla increases to an average of $2,260. That’s an increase of $764, or $64 per month, just for a couple of infractions!

Best cheap Toyota Corolla insurance quotes

Drivers have a lot of different ways to quote cheap insurance rates in Hawaii, but the most common methods are using an independent insurance agent, a captive (or exclusive) agent such as Allstate or Liberty Mutual, or from a direct company like Progressive or Geico. You can use whichever method you prefer, but each is slightly different in how they provide rate quotes.

Independent insurance agencies are appointed by several companies and can quote your policy with each one. Independent agents have the ability to provide you with more rates, which may give you more bang for your buck. If your premiums go up, your policy can be easily switched to a new company without you having to go to a different agency.

An exclusive agent is only able to give rates for one company, two of the more popular are an Auto-Owners or Allstate agent. These agents are not able to quote prices from more than a single company, so they are skilled at selling on more than just price.

Consumers who buy insurance direct forego an exlusive or independent agent and buy from a direct company like Esurance or Geico. Shopping direct can be good for people who do not need complex risk management and understand what coverage options they need.

Out of those three methods, which one works best to buy cheap insurance for a Toyota Corolla in Hawaii? It would be simple to say buying direct saves money since there isn’t an agent involved, but unfortunately, it’s not that simple. We’d also like to say going through an independent agent results in the cheapest rates since they can quote with many companies, but that idea is not necessarily true either. And sometimes, exclusive agents have coverage prices that independents and direct companies can’t touch.

Since insurance rates vary so much, the only real way to find out which one is cheapest is to obtain price quotes and compare them. Smart shoppers will get rate quotes from all three to give yourself the best selection. For a list of companies with cheap rates in Hawaii, click here to view.

How to find cheap insurance for a Toyota Corolla in Hawaii

The list below summarizes a few thrifty suggestions that can help you get low-cost car insurance.

• Buy vehicles with good safety ratings
• Good credit scores may make rates cheaper
• Don’t have frequent claims
• Maintain a clean driving record
• Avoid preventable accidents
• Compare quotes from other companies often

That last tip is remarkably critical, as was discussed in this article. Car insurance prices can be modified anytime, so drivers shouldn’t be reluctant to buy a policy from a new company if a better rate can be found.

Staying with the same company for years is fine, but it’s not a great idea if it’s costing you potentially thousands of dollars a year. It takes less than five minutes to shop around to find cheaper car insurance for a Toyota Corolla.

State Farm, Allstate, Geico, or Progressive: Which is best?

When comparing car insurance, the top insurers to get price quotes from are State Farm, Allstate, Geico, and Progressive. All four can cover your vehicle for liability and physical damage, but each one has a different combination of discounts, features, and options that may steer you one way or another. The next table illustrates some of the different features that you can purchase from each one.