Has it been over a year since you last compared quotes for more competitive Toyota Corolla insurance in San Diego? Think you have an expensive auto insurance policy? Believe me when I say there are many people just like you.
A recent study showed that over 70% of drivers kept their policy with the same company for well over three years, and nearly 40% of drivers have never compared rates from other carriers. San Diego drivers could save about 35% each year by just comparing rate quotes, but they don't know the actual amount they would save if they switch to a new company.
Because you have many insurance companies to choose from that have affordable insurance for a Toyota Corolla in San Diego, it can be hard to locate the cheapest auto insurance company.
Don't neglect these ten discounts
Auto insurance companies do not advertise every disount available very clearly, so we took the time to find some of the more common as well as the least known credits that you can use to lower your rates. If you are not receiving all the discounts you deserve, you could be paying more than you need to.
- Passenger Safety Discount - Vehicles with factory air bags or motorized seat belts can receive discounts of 20% or more.
- Anti-lock Brake Discount - Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
- Discounts for Multiple Vehicles - Buying coverage for several vehicles on a single policy could earn a price break for each car.
- Own a Home - Owning a house in San Diego may trigger a policy discount on car insurance because of the fact that having a home requires personal responsibility.
- Auto/Home Discount - When you combine your auto and home insurance and insure them both with the same insurance company they may give you a discount of over 10 percent off each policy depending on the company.
- Discount for Swiching Early - Select insurance companies give a discount for buying a policy prior to your current Corolla insurance policy expiring. This can save 10% or more.
- Active Military Service - Being on active deployment in the military could qualify you for better premium rates.
- Smart Student Discounts - Performing well in school can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
- Low Mileage Discounts - Driving fewer miles could be rewarded with lower car insurance rates due to less chance of an accident.
- First Accident Forgiveness - Not necessarily a discount, but some companies like Allstate, State Farm and GEICO will forgive one accident before raising your premiums if your claims history is clear for a set time period.
A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like all those discounts means the company will pay you, car insurance companies aren't that generous. Any qualifying discounts will cut your overall premium however.
A partial list of companies that may include most of these discounts are:
If you need inexpensive San Diego car insurance quotes, ask every insurance company the best way to save money. Some discounts might not apply in your state.
To find the best insurance rates, there are several ways to get quotes from lots of California insurance companies. The easiest way by far to comparison shop is simply to get online rate quotes.
It's so fast and easy to compare rates online that it makes it a waste of time to drive to all the different San Diego insurance agencies. The ability to buy insurance online reduces the need to sit down with an agent unless you want the professional abilities of a local San Diego agent. It is possible to price shop online but have a local agent actually write the policy. When quoting insurance, remember that comparing all the rates in your area gives you a better chance of getting more affordable rates.
The companies in the list below offer comparison quotes in California. To locate cheap auto insurance in California, we suggest you click on several of them to get the lowest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium costs do not factor in vehicle location which can change rates noticeably.
How high should deductibles be?
The information below demonstrates how choosing different deductibles and can affect Toyota Corolla insurance costs for each different age category. The data assumes a single male driver, comp and collision included, and no other discounts are factored in.
Price comparison of only insuring for liability
The information below shows the difference between Toyota Corolla insurance costs with full coverage and liability only. The price estimates are based on no accidents, no driving violations, $500 deductibles, single male driver, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no set rule for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let's say your Toyota Corolla book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after paying your policy deductible. If you are paying more than $300 annually for your policy with full coverage, then it's probably a good time to buy liability coverage only.
There are some circumstances where buying only liability insurance is not advised. If you haven't satisfied your 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 in the even your car is totaled, you should not remove full coverage.
How do I know if I need professional advice?
Always keep in mind that when comparing your policy for your vehicles, there really isn't a one-size-fits-all type of policy. Every insured's situation is different and your policy should reflect that. These are some specific questions may help you determine if your insurance needs would benefit from professional advice.
- Do I have coverage if my license is suspended?
- Why do I have to buy liability insurance?
- Is my cargo covered for damage or theft?
- Is business equipment covered while in my vehicle?
- Should I buy additional glass protection?
- Should I carry comprehensive and collision coverage?
- What if a claim settlement is too low?
- When should I not buy collision coverage?
- Does low annual mileage earn a discount?
If you're not sure about those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
What if I want to buy from local San Diego insurance agencies?
Some consumers just prefer to buy from a licensed agent and that can be a smart move The best thing about comparing rates online is the fact that you can find lower rates and also buy local. Buying insurance from neighborhood agents is definitely important in San Diego.
Upon completion of this short form, your information gets sent to agents in your area that provide free San Diego car insurance quotes for your business. It simplifies rate comparisons since you won't have to drive around since rate quotes are delivered directly to you. You can find the lowest rates AND a local agent. If you wish to compare prices from a particular provider, just navigate to their website to submit a rate quote request.
Picking the best insurer requires you to look at more than just the price. Any good agent in San Diego should know the answers to these questions.
- Do they prorate repair cost based on vehicle mileage?
- Where would glass claims be handled in San Diego?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- When do they do policy reviews?
- Is the quote a firm price?
- If independent agents, which companies do they recommend?
- Does their agency support local causes in San Diego?
If you get positive feedback and a good coverage price, you have narrowed it down to an provider that is reputable and can insure your vehicles.
Insurance coverages 101
Knowing the specifics of insurance helps when choosing the best coverages for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages available from insurance companies.
Comprehensive (Other than Collision)
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like damage from getting keyed, fire damage and rock chips in glass. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.
This will cover damages or injuries you inflict on other's property or people. It protects YOU from legal claims by others, and doesn't cover damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 15/30/5 which means a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and property damage coverage for $5,000. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for things such as funeral expenses, medical services and court costs. How much coverage you buy is up to you, but you should buy as high a limit as you can afford. California state law requires minimum liability limits of 15/30/5 but it's recommended drivers buy better liability coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like dental work, EMT expenses, pain medications and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Coverage for collisions
Collision coverage pays for damage to your Corolla caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as backing into a parked car, sideswiping another vehicle, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also increase the deductible on your Corolla to bring the cost down.
Protection from uninsured/underinsured drivers
This provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Toyota Corolla.
Because many people have only the minimum liability required by law (15/30/5), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are identical to your policy's liability coverage.
Be persistent to save money
You just read many tips how you can find affordable Toyota Corolla insurance in San Diego. The key thing to remember is the more companies you get rates for, the higher your chance of finding low cost San Diego car insurance quotes. You may even be surprised to find that the most savings is with some of the smallest insurance companies. These companies may often insure only within specific states and give getter rates compared to the large companies like GEICO and State Farm.
When you buy San Diego car insurance online, do not buy lower coverage limits just to save a few bucks. In many instances, an insured dropped liability limits or collision coverage to discover at claim time that the savings was not a smart move. Your strategy should be to purchase a proper amount of coverage at the best possible price.
Additional car insurance information can be found at these links:
- Tools for Teen Driving Safety (State Farm)
- How Much are Car Insurance Quotes for a Honda CR-V in California? (FAQ)
- Who Has the Cheapest California Auto Insurance Quotes for Low Credit Scores? (FAQ)
- Who Has Cheap Car Insurance for Teachers in California? (FAQ)
- What is the Cheapest Auto Insurance in Long Beach, CA? (FAQ)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Determining Your Vehicle's Value and Repair Cost (Insurance Information Institute)
- Self-driving cars won't replace humans (Insurance Institute for Highway Safety)