How long has it been since you sat down and looked for the cheapest Toyota Corolla insurance in Boston? Do you get confused by the number of auto insurance companies that you can choose from? People have so many options that it can be a lot of work to find the perfect company for you. Boston is an awesome place to live, but high auto insurance prices makes it very hard to be able to buy decent coverage.
How to find cheaper quotes for Toyota Corolla insurance in Boston
If you want to save the most money, the best way to find low-cost Toyota Corolla insurance is to start doing an annual price comparison from insurers in Boston. Rate comparisons can be done by completing these steps.
Step 1: Take a little time to learn about individual coverages and the changes you can make to prevent high rates. Many rating factors that cause high rates like traffic tickets, fender benders, and a bad credit rating can be eliminated by paying attention to minor details. Later in this article we will cover more information to get low prices and find available discounts that you may qualify for.
Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from many different companies.
Step 3: Compare the new quotes to the premium of your current policy to see if a cheaper price is available in Boston. If you can save money and change companies, make sure coverage is continuous and does not lapse.
Step 4: Notify your agent or company of your intention to cancel your current policy and submit the signed application along with the required initial payment to your new company or agent. As soon as you can, place the new certificate verifying proof of insurance with your vehicle’s registration.
An important bit of advice to remember is to try to compare identical limits and deductibles on every quote and and to get price quotes from as many different insurance providers as possible. This ensures an apples-to-apples comparison and a thorough price selection.
It’s hard to believe, but a large majority of auto insurance policyholders have been with the same company for well over three years, and 38% of drivers have never even shopped around for cheaper coverage. Most drivers in Boston could pocket up to 45% a year by just shopping around, but most just don’t grasp how much money they would save if they replace their high priced policy.
These eight discounts can cut Toyota Corolla insurance rates
Some insurers don’t always list every available discount very clearly, so below is a list a few of the more well known and the harder-to-find discounts you could be receiving when you buy Boston auto insurance online. If you aren’t receiving every discount you deserve, you’re paying more than you need to.
- Passenger Safety Discount – Cars that have air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Driver’s Ed – Teen drivers should take driver’s ed class in school or through a local driver safety program.
- Sign Online – A few insurance companies may give you up to $50 shop Boston auto insurance digitally online.
- Data Collection Discounts – Policyholders that allow their company to look at vehicle usage through the use of a telematics system like Allstate’s Drivewise could see a rate decrease if they are good drivers.
- Good Driver Discount – Safe drivers can get discounts for up to 45% lower rates than drivers with accident claims.
- Professional Organizations – Joining qualifying clubs or civic groups is a simple method to lower premiums when getting a Boston auto insurance quote.
- Distant Student – College-age children living away from Boston attending college and don’t have a car could qualify for this discount.
- Save with a New Car – Buying a new car instead of a used Corolla can cost up to 25% less since new vehicles are generally safer.
As is typical with insurance, some of the credits will not apply to the entire policy premium. Most only reduce the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like adding up those discounts means a free policy, you won’t be that lucky.
The chart below compares Toyota Corolla car insurance costs with and without discounts applied. The premium estimates are based on a male driver, no accidents or driving violations, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, homeowner, marriage, and claim-free discounts applied.
Popular car insurance companies and a summarized list of policyholder discounts are detailed below.
- State Farm may include discounts for passive restraint, safe vehicle, multiple autos, anti-theft, Drive Safe & Save, and driver’s education.
- American Family has savings for good student, bundled insurance, accident-free, air bags, defensive driver, good driver, and early bird.
- GEICO offers discounts including anti-theft, military active duty, defensive driver, multi-policy, emergency military deployment, and multi-vehicle.
- 21st Century may offer discounts for anti-lock brakes, good student, air bags, student driver, driver training, and automatic seat belts.
- Progressive includes discounts for online signing, online quote discount, multi-vehicle, multi-policy, good student, homeowner, and continuous coverage.
Before buying, ask all the companies to apply every possible discount. Some discounts listed above might not be offered in every state. For a list of providers with discount car insurance rates in Boston, click here.
When shopping for Toyota Corolla insurance in Boston there are multiple ways to get quotes from many auto insurance companies in Massachusetts. The easiest way by far to compare rates is to get quotes online.
Just keep in mind that comparing more prices helps improve the odds of finding a better price.
The companies shown below can provide free rate quotes in Boston, MA. To locate the cheapest car insurance in Boston, we recommend you click on several of them to find the cheapest auto insurance rates.
Toyota Corolla detailed coverage information
The premium table displayed below outlines different insurance policy prices for Toyota Corolla models. Having a good grasp of how car insurance prices are formulated can be useful when making smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in specific Boston garaging location which can modify prices significantly.
The illustration below demonstrates how deductible levels and can affect Toyota Corolla premium costs for each different age group. Data assumes a married male driver, comp and collision included, and no discounts are applied to the premium.
Annual premiums for males versus females
The example below shows the comparison of Toyota Corolla annual premium costs for male and female drivers. The premiums are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are single, and no discounts are applied.
Toyota Corolla full coverage rates compared to liability only
The illustration below compares Toyota Corolla insurance prices with and without physical damage coverage. The prices are based on no claims or driving citations, $500 deductibles, marital status is single, and no additional discounts are factored in.
When to switch to liability coverage only
There is no exact formula of when to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s say your Toyota Corolla claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after paying your policy deductible. If you are paying in excess of $600 a year for physical damage coverage, then you might consider buying liability only.
There are some situations where dropping physical damage coverage is not recommended. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Compare rates but still have a local Boston insurance agent
Many people still like to get advice from a local agent and that can be a smart move One of the benefits of price shopping on the web is that you can obtain lower prices and still buy from a local agent.
After filling out this form (opens in new window), the quote information is sent to insurance agents in Boston who will gladly provide quotes for your insurance coverage. You won’t need to leave your computer because prices are sent straight to your inbox. You can find lower rates AND an agent nearby. If for some reason you want to get a price quote from a specific car insurance provider, you can always find their quoting web page and complete a quote there.
Finding the right provider is decision based upon more than just a cheap quote. These questions are important to ask:
- Do the coverages you’re quoting properly cover your vehicle?
- Do the companies they represent have a solid financial rating?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How are they compensated?
- By raising physical damage deductibles, how much would you save?
- How are claims handled?
- How long has their agency been in business in Boston?
How to choose the best auto insurance agent in Boston
If you want a reliable agent, it’s important to understand the different types of agents and how they are distinctly different. Agents can be categorized as either independent agents or exclusive agents.
Exclusive Car Insurance Agents
Exclusive insurance agents can only provide one company’s prices such as Farmers Insurance, Allstate, or State Farm. They are unable to provide other company’s prices so always compare other rates. These agents are highly trained on their company’s products and that allows them to sell at a higher price point. A lot of people use the same exclusive agent primarily because of the brand and strong financial ratings.
Listed below are exclusive insurance agents in Boston who can help you get comparison quotes.
- AAA Boston
125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
- Allstate Insurance: Abner Joseph
571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map
Independent Agencies or Brokers
Agents of this type can quote rates with many companies and that is an advantage because they can write policies with a variety of different insurance companies and help determine which has the cheapest rates. If they find a cheaper price, they simply move the coverage in-house which requires no work on your part. When comparing rates, we recommend you include price quotes from at a minimum one independent agency so that you can do a thorough price comparison. A lot of them also have access to small regional insurance companies that many times have cheaper rates.
Listed below is a list of independent insurance agencies in Boston that can give you price quotes.
- Sbhu Life Insurance Agency: Weinstein Keith
28 State St # 25 – Boston, MA 02109 – (617) 570-9519 – View Map
- HR Hatch Insurance Agency
4401 Washington St – Roslindale, MA 02131 – (617) 325-5522 – View Map
- Vargas and Vargas Insurance
1133 Washington St – Dorchester Center, MA 02124 – (617) 298-0655 – View Map
Why you need insurance for your vehicle
Even though it’s not necessarily cheap to insure a Toyota in Boston, insurance serves an important purpose.
- Most states have mandatory insurance requirements which means the state requires a specific minimum amount of liability insurance if you want to drive legally. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your Toyota, more than likely the lender will require that you buy insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank will be required to insure your Toyota at a much higher rate and require you to pay for the expensive policy.
- Car insurance preserves not only your Toyota Corolla but also your financial assets. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance more than cancel out the cost, particularly for liability claims. According to a recent study, the average American driver is overpaying more than $869 every year so you should quote and compare rates once a year at a minimum to save money.
Car insurance coverages and their meanings
Having a good grasp of your car insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.
Medical payments coverage and PIP
Med pay and PIP coverage kick in for short-term medical expenses such as ambulance fees, X-ray expenses and doctor visits. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible
Coverage for liability
This will cover damage that occurs to people or other property. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 20/40/5 that translate to a $20,000 limit per person for injuries, a total of $40,000 of bodily injury coverage per accident, and property damage coverage for $5,000.
Liability can pay for things such as attorney fees, repair costs for stationary objects and medical expenses. How much coverage you buy is up to you, but consider buying as high a limit as you can afford. Massachusetts requires minimum liability limits of 20/40/5 but you should think about purchasing higher limits.
The illustration below demonstrates why buying low liability limits may not be enough.
Auto collision coverage
Collision insurance will pay to fix damage to your Corolla resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like hitting a mailbox, rolling your car, crashing into a ditch, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your Corolla to bring the cost down.
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as damage from flooding, damage from getting keyed, fire damage, hitting a deer and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured/Underinsured Motorist coverage
This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Toyota Corolla.
Since a lot of drivers have only the minimum liability required by law (which is 20/40/5), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
You just learned some good ideas how to get a better price on Toyota Corolla insurance in Boston. The key concept to understand is the more you quote Boston auto insurance, the better chance you’ll have of finding inexpensive Boston auto insurance quotes. Consumers may even find the best price on insurance is with the smaller companies.
When getting Boston auto insurance quotes online, it’s a bad idea to skimp on critical coverages to save a buck or two. In many cases, an insured cut liability coverage limits only to discover later that the savings was not a smart move. The ultimate goal is to buy enough coverage for the lowest price and still be able to protect your assets.
Lower-priced Toyota Corolla insurance in Boston is definitely available both online and from local insurance agents, so you need to shop Boston auto insurance with both in order to have the best price selection to choose from. Some insurance providers do not offer online rate quotes and most of the time these smaller providers only sell coverage through independent agencies.
Steps to buying lower priced Toyota Corolla insurance in Boston
It takes a few minutes, but the best way to get more affordable Toyota Corolla insurance in Boston is to start comparing rates regularly from companies who sell insurance in Massachusetts.
- Get an understanding of coverages and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher rates such as multiple speeding tickets and a bad credit score can be eliminated by making lifestyle changes or driving safer.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while agents who are independent can quote prices for a wide range of companies.
- Compare the quotes to the price on your current policy to see if a cheaper rate is available. If you find a lower rate quote and decide to switch, make sure coverage does not lapse between policies.
- Provide adequate notice to your current company of your decision to cancel your current policy and submit a down payment along with a completed application to the new company. Once coverage is bound, keep your new certificate of insurance in your vehicle.
A key point to remember is to compare similar deductibles and liability limits on every price quote and and to get prices from all possible companies. Doing this ensures a fair rate comparison and plenty of rates choose from.
To learn more, feel free to visit the articles below:
- What is a Telematics Device? (Allstate)
- How Much are Auto Insurance Quotes for Homeowners in Boston? (FAQ)
- Who Has Cheap Auto Insurance for Ride Shares in Boston? (FAQ)
- Booster Seat Ratings (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)