Best Cheap Insurance Quotes for a Toyota Corolla in Alabama

When we talk about auto insurance, the word cheap should never be used anywhere in the article. Despite the oxymoron, cheap auto insurance for a Toyota Corolla does not exist. Don’t let that bother you, though, because there may be ways you can still get coverage that is cheaper than what you have now.

Your chances of finding affordable coverage for a Toyota Corolla in Alabama hinges on a whole bunch of rating criteria like the safety features of your vehicle, the insurance company you are currently insured with, and any prior driving offenses. Drivers pay on average $1,000 each year to buy Toyota Corolla insurance, but that cost is an estimation using a 40-year-old single male driver that wants full coverage and $500 deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not 40 and maybe not even a male, maybe you are married instead of single, or maybe you have a speeding ticket or two that will increase rates. Auto insurance is unique to every driver, so the way we recommend to find the cheapest coverage for your Toyota is to make a habit of regularly comparing rates from other companies.

Insure Your Toyota for Less

Your vehicle’s trim level will most likely have an effect on the insurance rate, so the cost to insure a Corolla LE model will be $26 lower than the price to insure the fancier Corolla XRS model, as shown by the rates below.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in specific zip code location which can increase or decrease coverage prices greatly.

Finding a highly-rated car insurance provider can be difficult considering how many different companies there are to choose from in Alabama. The company ratings displayed below could help you decide which car insurance providers you want to consider shopping your coverage with.

These rankings are only comprised of the companies with a significant amount of written premium nationwide, so smaller companies that only insure vehicles in Alabama will not be included in these rankings. If you’d like to compare prices from these companies and more, just click here.

Top 10 Large Auto Insurance Companies in Alabama Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Top 10 Large Auto Insurance Companies in Alabama Ranked by A.M. Best Rating

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Top Companies for Toyota Corolla Insurance in Alabama

How much more does full coverage cost?

Finding the best cheap insurance for a Toyota Corolla in Alabama is important to the majority of drivers, and one great way to lower the cost of insurance is to not buy comprehensive and collision coverage. The chart below shows the difference between annual premium costs with and without full coverage. The prices are based on no claims or driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.

As an average for all age groups, physical damage insurance costs $2,033 per year more than carrying just liability coverage. At some point, about every driver wonders if it’s worth it to buy full coverage. There isn’t a steadfast formula to eliminate physical damage insurance, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

There are some situations where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Find the best cheap insurance for a Toyota Corolla in Alabama

Here are some thrifty solutions that can help you quote more affordable car insurance.

• Drive vehicles with five-star safety ratings
• Raise comprehensive and collision coverage deductibles
• Assess whether full coverage is needed
• Good credit can help you save money
• Do not get traffic violations
• Maintain a safe distance and avoid accidents
• Compare quotes from other companies often

The last item on the list is certainly valuable, as we discussed in the article above. Prices charged by companies can be adjusted at any time, so don’t be hesitant to buy a different policy if a more affordable price is available.

Having brand loyalty is commendable, but it isn’t a good idea if that inflexibility results in costing you money that could be going to better use. Take a few minutes and compare rates to find cheaper auto insurance for a Toyota Corolla.

Who has the cheapest Toyota Corolla insurance quotes?

There are many ways to find affordable car insurance in Alabama, but the most frequently used methods are using an exlusive agent like State Farm or Liberty Mutual, an independent or non-exclusive agent, or from a direct company like Progressive. All three ways can provide car insurance quotes, but they differ in how they price policies.

Independent insurance agents write for multiple companies and can compare rates with every one. Agents of this type can quote with many companies and provide multiple price quotes, which can give you the best chance of finding a lower price. If you are not satisfied with one company, they simply move the coverage in-house which requires no work on your part.

An exclusive ageny is restricted to one insurance company, a couple examples are Allstate or State Farm agents. This type of agents cannot provide prices from multiple companies, so unless you get quotes from other companies, you cannot determine which is cheapest.

If you want to buy car insurance direct, you do not use local insurance agents and instead buy direct online or over the phone from a company like Geico or Progressive. Buying direct may be good for consumers who do not need risk management and have a decent understanding of what car insurance covers.

Which way works best for finding the best cheap insurance for a Toyota Corolla in Alabama? The majority of car insurance shoppers assume that shopping direct yields the cheapest rates since there is no need to pay agent commissions, but unfortunately, that is not always true. We could also assume that going through an independent agent can save the most money because they can shop around, but that is not necessarily true either. And occasionally, exclusive agents have extremely competitive rates that are the cheapest.

Since car insurance companies use so many rating factors, the guaranteed way to not overpay for car insurance is to get quotes and compare. Be sure to get quotes from all three types to have enough rates to compare. To see some of the cheapest online companies available, click here to view.