Are you researching low-cost Toyota Corolla insurance in Reno? When searching for lower-cost insurance, are you intimidated by the dozens of auto insurance companies in Reno? Drivers have such a large number of options that it can easily turn into a difficult mission to find better premium rates for Toyota Corolla insurance in Reno. Everyone knows that Reno is a good city to live in, but getting gouged by high auto insurance rates can make it hard to afford.
Statistics show that a large majority of consumers renewed their policy with the same company for more than four years, and roughly 40% of drivers have never even shopped around for lower-cost coverage. Most drivers in the United States could cut their rates by as much as 47% a year by just shopping around, but they don't believe the benefits if they switched to a more affordable policy.
It's a good idea to compare rates every six months since prices are rarely the same from one policy term to another. If you had the best deal on Toyota Corolla insurance in Reno a couple years back other companies may now be cheaper. Block out anything you think you know about auto insurance because you're about to learn the right way to lower your annual insurance bill.
Quoting and buying more affordable insurance in Reno is actually quite simple. Basically, every driver who is required to buy insurance most likely will be able to find lower rates. But Nevada drivers need to learn the methods companies use to set your policy premium and use it to find better rates.
Best companies for competitive Toyota Corolla insurance in Nevada
The companies shown below can provide quotes in Nevada. If more than one company is shown, we recommend you click on several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price information does not factor in specific location information which can modify coverage prices greatly.
Full coverage versus liability only rates
The example below visualizes the comparison of Toyota Corolla insurance rates with liability coverage only compared to full coverage. The information is based on no claims or driving citations, $250 deductibles, married female driver, and no other discounts are factored in.
When to buy liability coverage only
There is no specific rule to stop paying for full coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let's assume your Toyota Corolla replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying your deductible. If you are paying over $400 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.
There are some conditions where only buying liability is not recommended. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
How accidents and violations affect rates
The illustration below demonstrates how citations and at-fault accidents increase Toyota Corolla auto insurance rates for different insured age categories. The premium estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
Auto insurance rates by age and gender
The example below shows the comparison of Toyota Corolla annual premium costs for male and female drivers. The costs are based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, single marital status, and no additional discounts are factored in.
Informed Drivers Know How to Buy Car Insurance for Less
A large part of saving on car insurance is knowing the different types of things that aid in calculating car insurance rates. When you know what positively or negatively influences your rates, this helps enable you to make changes that may reward you with better car insurance rates. Lots of things are used in the calculation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other criteria are more transparent such as your marital status or how safe your car is.
Marriage can save on car insurance - Being married can get you a discount when buying car insurance. Having a significant other generally demonstrates drivers are less irresponsible and insurance companies like that married drivers tend to file fewer claims.
Premiums are high for teenagers - Mature drivers are viewed as being more responsible, cause fewer claims and accidents, and are safer drivers.Teenage drivers are statistically shown to be inattentive with other occupants in the car so car insurance rates are higher.
More annual miles equals more premium - Driving a lot of miles every year the higher the price you pay to insure it. Many insurance companies rate vehicles based upon how the vehicle is primarily used. Autos that do not get driven very much get more affordable rates than vehicles that are driven to work every day. Having an incorrect usage rating on your Corolla may be costing you higher rates. Double check that your car insurance declarations sheet states the right rating data.
Get a ticket, pay higher premiums - Careful drivers tend to pay less for car insurance compared to bad drivers. Even a single speeding ticket can increase rates twenty percent or more. Drivers who have gotten serious violations such as DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state's department of motor vehicles in order to legally drive a vehicle.
Gender and car insurance - Statistics demonstrate women are more cautious behind the wheel. However, this does not mean females are better at driving than males. Men and women tend to get into fender benders at a similar rate, but guys get into accidents with more damage. In addition to higher claims, males also receive more costly citations like driving under the influence (DUI).
Impacts performance impacts auto insurance prices - The performance level of the vehicle you are buying insurance for makes a huge difference in the rate you pay. The cheapest insurance rates are usually for low performance passenger cars, but many other things help determine your insurance rates. Since the Toyota Corolla is considered a sedan, insuring your vehicle will cost about the same compared to average rates in Reno.
High deductibles save money - Physical damage protection, termed comprehensive and collision coverage on your policy, insures against damage to your Toyota. Some instances where coverage would apply could be collision with another vehicle, vandalism, and burglary. Deductibles for physical damage represent how much money you are required to spend out-of-pocket if you file a covered claim. The more you have to pay, the less your car insurance will be.
Toyota Corolla statistical loss data - Car insurance companies take into consideration insurance loss statistics for every vehicle as a way to help calculate a profitable premium price. Models that the data shows to have higher loss trends will be charged more to insure. The information below illustrates the historical loss data for Toyota Corolla vehicles.
For each coverage category, the statistical loss for all vehiclescombined as an average equals 100. Numbers under 100 represent a good loss history, while values over 100 indicate more frequent losses or an increased chance of larger losses than average.
Insurance Loss Ratings for Toyota Corolla Vehicles
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get cheap Toyota Corolla insurance in Reno with discounts
Companies offering auto insurance don't always publicize every available discount in a way that's easy to find, so the next list breaks down some of the best known and also the more inconspicuous credits available to you. If you don't get every credit possible, you are paying more than you should be.
- Anti-theft System - Vehicles that have factory anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
- Pay Now and Pay Less - By paying your policy upfront instead of making monthly payments you may reduce your total bill.
- E-sign Discounts - Some insurance companies give back up to $50 get Reno car insurance on their website.
- Student in College - Kids who are attending college without a vehicle on campus may be able to be covered for less.
- Student Driver Training - Have your child enroll in driver's education if offered at their school.
As is typical with insurance, most credits do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think you can get free auto insurance, it just doesn't work that way.
Some of the insurance companies who might offer some of the discounts shown above include:
If you need inexpensive Reno car insurance quotes, ask every insurance company what discounts are available to you. Some credits might not be available to policyholders in Reno. To view providers that offer many of these discounts in Nevada, follow this link.
Insurance agencies are professional risk managers
A small number of people would prefer to go talk to an agent and doing so can bring peace of mind One of the great benefits of comparing insurance online is that you can find cheaper car insurance rates and still have an agent to talk to. Buying from local insurance agents is definitely important in Reno.
After filling out this form (opens in new window), your insurance coverage information is instantly submitted to agents in your area who will give you quotes and help you find cheaper coverage. You won't need to leave your house since price quotes are sent immediately to you. You can get cheaper insurance rates and a licensed agent to talk to. If for some reason you want to quote rates from a specific insurance provider, you can always go to their quote page and complete a quote there.
If you are searching for a reliable agent, there are a couple of types of agencies that differ in how they can insure your vehicles. Agents are considered either exclusive or independent.
Independent Insurance Agencies
Agents that choose to be independent are not employed by any specific company so as a result can place your coverage through many companies and find you the best rates. If you are not satisfied with one company, they can switch companies in-house and you stay with the same agent.
If you need cheaper insurance rates, we recommend you get quotes from at a minimum one independent agency so that you can do a thorough price comparison. Most have the option of insuring with smaller regional carriers which can save you money.
Featured below is a partial list of independent agents in Reno that can give you price quotes.
- Northern Insurance Agency
402 Crampton St - Reno, NV 89502 - (775) 324-4466 - View Map
- Nationwide Insurance - Rielli Insurance and Financial Services, LLC
10399 Double R Blvd #107 - Reno, NV 89521 - (775) 502-8444 - View Map
- La Luna Insurance
685 E Moana Ln - Reno, NV 89502 - (775) 825-5862 - View Map
Agents that elect to be exclusive generally can only insure with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They usually cannot provide rate quotes from other companies so they really need to provide good service. These agents are usually quite knowledgeable on their company's products which helps offset the inability to provide other markets. Consumers frequently buy from the same agent for years partially due to the prominent brand name and the convenience of having a single billing for all their coverages.
Listed below is a list of exclusive insurance agents in Reno that can give you price quotes.
- Mark Geil - State Farm Insurance Agent
255 W Moana Ln #106 - Reno, NV 89509 - (775) 826-9200 - View Map
- Farmers Insurance - John Barsanti
215 Mt Rose St - Reno, NV 89509 - (775) 825-1444 - View Map
- Rich Hosselkus - State Farm Insurance Agent
2005 Sierra Highlands Dr a111 - Reno, NV 89523 - (775) 746-2222 - View Map
Finding a good insurance agent shouldn't rely on just the premium amount. You should also get answers to these questions.
- What insurance companies do they work with in Reno?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are they primarily personal or commercial lines agents in Reno?
- How long has the business existed?
- How much will you save each year by using a higher deductible?
- What is the financial rating for the quoted company?
After you get positive feedback to any questions you may have as well as the cheapest Toyota Corolla insurance in Reno quotes, chances are good that you have found an insurance agent that meets your needs to adequately provide insurance. But remember, you can always cancel your coverage at any time so never feel you're contractually obligated to any specific company for the full policy term.
Can you really save if you switch?
State Farm and Allstate continually stream television, radio, and online ads. They all seem to tend to make the same promise that people will save just by moving your policy. How does every company offer you a better deal on Toyota Corolla insurance in Reno?
Insurance providers give the cheapest rates for the type of customer that is profitable for them. For instance, a profitable risk profile could possibly be over the age of 35, has had continuous coverage, and has a high credit rating. Any driver that fits those parameters receives the best prices in Reno and will save some money.
Insureds who are not a match for these stringent criteria will get higher prices and the driver buying from a lower-cost company. If you listen closely, the ads state "drivers who switch" not "everyone that quotes" save that much when switching. That's why insurance companies can lure you into getting a quote.
That is why you really should get a wide range of price quotes. It's not possible to predict with any certainty which company will provide you with the cheapest Toyota Corolla insurance in Reno.
Which is the best insurance?
When it comes to proper insurance coverage, there really is not a single plan that fits everyone. Every insured's situation is different and your insurance should unique, too. These are some specific questions might point out whether you will benefit from professional help.
- When does my teenage driver need to be added to my policy?
- Do I need to call my car insurance company before buying a new car?
- Is my Toyota Corolla covered if I use it for business?
- Is my cargo covered for damage or theft?
- Does every company file a SR-22 automatically?
- Is my Toyota Corolla covered for flood damage?
If it's difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
Persistent drivers can save
As you quote Reno car insurance, it's very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed liability coverage limits only to regret they didn't have enough coverage. Your goal should be to purchase a proper amount of coverage at an affordable rate but still have enough coverage for asset protection.
Affordable Toyota Corolla insurance in Reno is definitely available online as well as from independent agents in Reno, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies don't offer internet price quotes and most of the time these small, regional companies only sell through independent agents.
In this article, we presented many ways to save on Toyota Corolla insurance in Reno. The key thing to remember is the more companies you get prices for, the better likelihood of getting cheaper Reno car insurance quotes. Consumers could even find that the biggest savings come from the least-expected company. They often have lower prices on specific markets as compared to the big name companies such as GEICO and State Farm.
For more information, take a look at the resources below: