Who Has the Cheapest Insurance for a Toyota Corolla in Vermont?

Your chances of finding the cheapest auto insurance for a Toyota Corolla in Vermont is dependent upon a fairly complex equation with a lot of factors like when you were born, if you currently have coverage, and if you have a history of accidents. Drivers pay around $700 every 12 months for Corolla insurance, but that price is a ballpark figure rating a 40-year-old single male driver who requires comprehensive and collision coverage and $500 policy deductibles.

It’s highly likely you are not 40 and maybe not even a male, married instead of single, or maybe your Corolla is an older model. Just a minor difference in policy rating criteria or coverages can cause significant differences in policy price.

Insurance is an individual thing, so the only way to find cheap car insurance rates for your Toyota is to put in the effort to do a thorough rate comparison.

Insure Your Toyota for Less

The trim level of your Toyota will likely have an effect on the annual cost of coverage, so the cost to insure a Corolla LE model will be $20 cheaper than the insurance cost for the more expensive Corolla XRS model, as demonstrated by the prices below.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Prices do not factor in specific garaging location which can influence coverage prices significantly.

Deciphering which companies quote the most affordable insurance rates for a Toyota Corolla calls for a tad more effort in order to find the lowest price quote.

Each insurance company used slightly different criteria to set their prices, so we’ll go over the most budget-friendly insurance companies in Vermont. We do need to point out that Vermont insurance rates are determined by lots of factors which can significantly increase or decrease the price of coverage. Simply turning a year older, buying a home instead of renting, or getting a couple of tickets can trigger price changes that can cause some rates to be more affordable than others.

Best Car Insurance Prices for Your Corolla

Click to Compare Rates Now

google.charts.setOnLoadCallback(drawVTT5qcibChart);function drawVTT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Safeco’, 467, ‘#33CFCA’], [‘California Casualty’, 499, ‘#2AACA8’], [‘The Hartford’, 620, ‘#238F8C’], [‘USAA’, 626, ‘#1D7774’], [‘Travelers’, 708, ‘#186360’]]);var options = {title: ‘Cheapest Car Insurance Companies in Vermont’,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:808,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);}

Safeco offers some of the best car insurance rates in Vermont at around $467 a year. California Casualty, The Hartford, USAA, and Travelers also are some of the most economical Vermont auto insurance companies.

In the above rates, if you are a policyholder with USAA and switched to Safeco, you may realize yearly savings of in the neighborhood of $159. Insureds with Travelers may save as much as $241 a year, and Unitrin insureds might reduce prices by as much as $250 a year.

It’s important to note that these prices are averages for all drivers and vehicles and do not take into consideration a specific rate factor for a Toyota Corolla. So the car insurance company that has the lowest price for you may not even be in the rate chart shown above. That points out the importance of why you need to get rate quotes using your own specific driver and vehicle information.

Discounts on the cheapest insurance for a Toyota Corolla in Vermont

Insurance providers that provide coverage for a Toyota Corolla may also give you price discounts that can lower rates by as much as 40% or more if you qualify for them. A few popular companies and a partial list of their discounts are detailed below.

• GEICO may include discounts for air bags, multi-policy, military active duty, daytime running lights, and anti-lock brakes.
• MetLife has discounts for good student, claim-free, defensive driver, good driver, accident-free, multi-policy
• Progressive may have discounts that include multi-vehicle, good student, multi-policy, continuous coverage, and online signing.
• Travelers policyholders can earn discounts including continuous insurance, save driver, student away at school, new car, good student, and home ownership.
• SAFECO has savings for teen safe driver, homeowner, multi-car, teen safety rewards, bundle discounts, anti-lock brakes, and anti-theft.
• AAA offers discounts for pay-in-full, good student, AAA membership discount, anti-theft, good driver, and multi-policy.

The chart below illustrates the comparison of insurance prices with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no claims or violations, Vermont state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with passive restraint, homeowner, marriage, claim-free, vehicle safety, and anti-theft discounts applied. When drivers take advantage of discounts, the the amount saved on insurance for a Toyota Corolla is 28% or $393.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2427,1743],[‘Age 30’, 1255,913],[‘Age 40’, 1241,901],[‘Age 50’, 1131,819],[‘Age 60’, 1097,795],[‘Age 70’, 1347,971]]);var options = {title: ‘Insurance Premium 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 in Vermont’,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);}

Safe drivers pay cheaper rates

The ideal way to receive the cheapest insurance for a Toyota Corolla in Vermont is to drive safely and avoid accidents and traffic violations. The chart below illustrates how traffic citations and accidents can increase car insurance rates for different age categories. The price estimates are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.

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’, 2595,2813,3441],[‘Age 30’, 1353,1573,2203],[‘Age 40’, 1297,1515,2145],[‘Age 50’, 1189,1407,2037],[‘Age 60’, 1167,1387,2017],[‘Age 70’, 1339,1557,2189]]);var options = {title: ‘Impact of Tickets and Accidents on Vermont 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 Vermont’,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 Vermont per year with no accidents and a clean driving record is $1,490. Receive one speeding ticket and the average cost hikes up to $1,709, an increase of $219 each year. Then add in one accident along with the one speeding ticket and the annual cost of insurance for a Toyota Corolla jumps again to an average of $2,339. That’s an increase of $849, or $71 per month, just for being a little careless behind the wheel!