Who Has Cheap Insurance for a Toyota Corolla in Delaware?

Our editors keep telling us that when writing about auto insurance, the word cheap shouldn’t be used as a descriptor for auto insurance rates. It’s just a fact that cheap car insurance for a Toyota Corolla can be difficult to find. But don’t let us ruin your dream, because we are going to show you how you can quote and buy car insurance that is affordable.

The likelihood of finding the cheapest insurance for a Toyota Corolla in Delaware is dependent upon a large number of rating criteria such as your marital status, if you have ever let your coverage lapse, and driving citations. Drivers pay on average $1,090 each year for Corolla insurance, but that price is an approximation assuming a 50-year-old single male that wants full coverage and $500 policy deductibles.

There is a good possibility you are not exactly 50 years old and possibly not even male, possibly married instead of single, or maybe you have a teenager that needs to be on your policy. Auto insurance is unique to each driver, so your best shot at finding the most affordable coverage for your Toyota is to compare as many rates as you can.

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Your vehicle’s trim level will influence the insurance rate, so the rate you pay to insure a Corolla LE trim level will be $28 less than the price to insure the fancier Corolla XRS version, as shown by the rates below.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium costs do not factor in garaging location in Delaware which can lower or raise rates greatly.

Establishing which insurers offer the cheapest insurance rates for a Toyota Corolla will require a bit more work than just picking a company at random.

Every insurance company uses their own calculation for establishing rates, so let’s look at the rankings for the insurance companies with the overall best prices in Delaware.

Cheap Insurance Rates for Your Corolla

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USAA has some of the best car insurance rates in Delaware at around $840 each year. Travelers, Nationwide, California Casualty, and Atlantic States also make the cut as some of the cheapest Delaware auto insurance companies.

In the above example, if you currently buy coverage from Nationwide and switched to USAA, you could realize savings of about $452. Insureds with California Casualty might save as much as $453 a year, and Atlantic States policyholders might reduce prices by as much as $478 a year.

To get a fast rate comparison, click here to get a free quote or quote prices from the following companies.

Bear in mind that those premium estimates are averages across all drivers and vehicles in Delaware and do not factor in a specific rate factor for a Toyota Corolla. So the auto insurance company that can offer the best rates for your situation may not even be in the rate chart shown above. That underscores the importance of why you need to get quotes using your own driver data and vehicle information.

Full coverage versus liability only rates

Finding cheap insurance for a Toyota Corolla in Delaware should be important to most drivers, and one easy way to find cheap insurance is to not pay for full coverage. The information below illustrates the difference between auto insurance rates with full coverage compared to only the Delaware minimum liability coverage. The costs are based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no other discounts are factored in.

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If averaged for all ages, full coverage costs $2,118 per year more than just buying liability only. That amount may make you wonder if physical damage coverage is worth the money. There isn’t a written rule that is best for determining when to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

Company comparison: Progressive vs Geico vs Allstate vs State Farm

When comparing rates for car insurance, four companies to take a look at are Progressive, Geico, Allstate, and State Farm. When combined, they make up almost 50% of all policies written. The next table compares some of the different options and features that are available from each company.

Cheap Toyota Corolla insurance quotes

Due to technology, there are many ways to shop for and buy insurance in Delaware, but the most preferred are through a captive (or exclusive) agency like Auto-Owners or State Farm, an independent agent, or buying direct from a company like Geico or Progressive.

Each way has the same basic process, but each is slightly different in how they provide rate quotes.

Independent agents write business for many companies and can do rate comparisons with every one. These types of agencies are usually affiliated with several companies and can provide you with more rate quotes, which can give you a better chance of saving money. If they find a lower price, your policy can be moved and you don’t have to do anything.

Exclusive agencies are only able to give prices for a single company like Liberty Mutual and Allstate agents. This type of agents cannot provide multiple price quotes, so always compare other rates.

If you buy direct, you bypass a local insurance agent and buy direct from companies such as Geico or Progressive. Buying direct is good for families who do not need risk management and have a decent understanding of how their policy works.

So which of the methods works best for finding cheap insurance for a Toyota Corolla in Delaware? The majority of insurance shoppers assume that buying from a direct company yields the cheapest rates because there are no middleman commissions, but unfortunately, that is not always true. A good argument could also be made that using an independent agent is the best way to save due to more options, but that’s not always true, either. In a lot of cases, exclusive agencies have very competitive rates that are the cheapest.

Because it’s impossible to say who has the best insurance rates, the only real way to ensure you are not overpaying for insurance is to get quotes and compare. If you have the time, get prices from all three to have enough rates to compare. For a list of companies offering online discounts in Delaware, click here to view.