Who Has the Cheapest Insurance Quotes for a Toyota Corolla in Nevada?

Our content editors always give us grief that when writing about auto insurance, the words cheap or affordable should not be used as a descriptor for auto insurance rates. Be that as it may, cheap car insurance for a Toyota Corolla can be difficult to find. Don’t let that get you down, though, because we are going to show you how you can get coverage that is more budget-friendly.

Your chances of buying the cheapest insurance for a Toyota Corolla in Nevada hinges on a complex formula that considers things such as how far you commute, the likelihood of vehicle theft, and deductible levels for physical damage coverage. Drivers pay around $920 per year for Corolla insurance, but that policy rate is an estimate using a 50-year-old single female who requires full comprehensive and collision coverage and $250 physical damage deductibles.

It’s highly likely you are not a 50-year-old female, maybe you are married instead of single, and maybe your Corolla is older and does not require full coverage. Every auto insurance policy is unique to the driver, so your best shot at finding the cheapest rates for your Toyota is to compare as many rates as possible.

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The trim level of your vehicle impacts price, so the price you will be charged to insure a Corolla LE model will be $28 less than the insurance cost for the more expensive Corolla XRS model, as shown in the table below.

Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can affect price quotes substantially.

Finding affordable auto insurance is not the easiest thing to accomplish, and figuring out which companies quote the cheapest auto insurance rates for a Toyota Corolla will take even more rate comparisons.

Each company uses a different method for determining prices, so let’s take a look at the auto insurance companies that tend to be cheaper in Nevada.

Best Car Insurance Prices for Your Corolla

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Travelers quotes some of the best car insurance rates in Nevada at around $912 each year. Allied, Capital, Oregon Mutual, and Progressive are also some of the lowest-priced Nevada insurance companies.

As illustrated above, if you are a policyholder with Oregon Mutual and switched to Travelers, you might realize annual savings of roughly $270. Insureds with Progressive may save as much as $278 a year, and American Family policyholders might reduce prices by as much as $282 a year.

These estimates are averages across all types of drivers and the different vehicles they drive and are not factoring in a specific rate value for a Toyota Corolla. So the car insurance company that is best for you may not even be in the chart above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver information and vehicle.

Accidents and violations increase rates

A great way to get affordable auto insurance prices for a Corolla is to drive cautiously and have a clean driving record. The diagram below illustrates how traffic citations and at-fault fender-benders can impact insurance rates for different categories of driver ages. The prices are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

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In the prior example, the average cost of an auto insurance policy per year with no accidents or violations is $1,734. Get written up for two speeding tickets and the average cost jumps to $2,479, an increase of $744 each year. Now include one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Toyota Corolla jumps again to an average of $3,240. That’s an increase of $1,506, or $125 per month, just for not maintaining a clean driving record!

Which major car insurance company is best?

When comparing insurance for a Corolla in Nevada, four of the larger companies to compare rates for are Allstate, State Farm, Progressive, and Geico. When combined, they insure about half of the entire U.S. car insurance market. They all have your normal coverages like liability, comprehensive, and collision, but each one offers unique options and discounts that you can choose from. The table below compares some of the different options and features .

Who has the cheapest Toyota Corolla insurance quotes?

Thanks to technology, there are a lot of ways to find lower-cost auto insurance in Nevada, but the most preferred ways are from a captive (or exclusive) agent like Allstate or Liberty Mutual, an independent insurance agent, or from a direct company like Progressive or Geico. Each way is similar, but they differ slightly in how they provide rate quotes.

Independent insurance agencies work with multiple companies and can compare rates with all of them. These types of agents are not restricted to one company and can quote rates with many companies, which can give you the best chance of saving money. If premiums increase, they can switch companies in-house and you can remain with the same agent.

An exclusive agent is ‘exlusive’ to a single company, examples being an Allstate or Liberty Mutual agent. Exclusive agents normally do not have the ability to provide multiple price quotes, so they really need to provide good service.

Drivers who opt to buy auto insurance direct forego a local agent and instead shop from a direct company like Geico. This auto insurance option is good for people who do not need advice for risk management and know more than average about what coverages they need.

So which method is best for finding the cheapest insurance for a Toyota Corolla in Nevada? It would be obvious to point out buying from a direct company results in the cheapest rates since no commissions are paid to an agent, but unfortunately, it’s not that cut and dried. A good argument could also be made that using an independent agent guarantees the cheapest rates since they have more companies to choose from, but again, it’s not a sure thing. For the right applicant, the exclusive agents have price quotes that other companies cannot beat.

Because it’s impossible to say who has the best auto insurance rates, the guaranteed way to get the cheapest rates is to get rate quotes and compare. Money-saving experts recommend you get price quotes from independent, exclusive, and direct to have enough rates to compare. For a list of companies offering online discounts, click here to view.