I can't think of a single person who enjoys paying for auto insurance, especially when they know the prices are way too high.
A recent study showed that a large majority of auto insurance policyholders kept their coverage with the same auto insurance company for four years or more, and nearly the majority have never compared auto insurance rates at all. Many consumers in Boston could save an average of almost $600 each year by just comparing rate quotes, but they don't believe the actual amount they would save if they switched to a cheaper policy.
Since vehicle owners have many insurance companies to choose from that have cheap insurance for a Toyota Corolla in Boston, it can be diffult for drivers to pick the cheapest insurance company.
Shopping around for the lowest-priced car insurance policy in Boston is not that difficult. Just about everyone who has to buy car insurance will more than likely be able to reduce their rates. Nevertheless, Massachusetts car owners must understand the way companies charge you for coverage and use it to find better rates.
How to compare Boston Toyota Corolla insurance rate quotes
When comparison shopping, comparing a wide range of rates will improve the odds of getting the best rates. Some insurance companies are not set up to provide online price quotes, so you should also compare price quotes on coverage from those companies, too.
The auto insurance companies shown below offer comparison quotes in Boston, MA. If multiple companies are shown, we recommend you compare 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|
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in specific location which can raise or lower auto insurance rates noticeably.
Auto insurance rates by gender and age
The chart below illustrates the difference between Toyota Corolla insurance costs for male and female drivers. The information is based on no accidents or driving violations, full coverage, $500 deductibles, drivers are single, and no additional discounts are factored in.
Insurance is not optional
Despite the potentially high cost of Toyota Corolla insurance, buying insurance is a good idea for several reasons.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to be legal. 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.
Second, if your Toyota Corolla has a lienholder, it's guaranteed your bank will make it a condition of the loan that you have comprehensive coverage to guarantee their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Toyota for a much higher rate and force you to reimburse them the higher price.
Third, insurance protects both your vehicle and your assets. It will also cover hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense in the event you are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance greatly outweigh the cost, especially for larger claims. Today the average American driver overpays more than $825 a year so compare rates once a year at a minimum to be sure current rates are still competitive.
Save money on Toyota Corolla insurance in Boston with these insurance discounts
Companies don't list all their discounts in an easy-to-find place, so the following list contains some of the best known and also the more inconspicuous discounts that you can inquire about if you buy Boston car insurance online. If you're not getting every credit you deserve, you're paying more than you need to.
- Military Deployment Discount - Being on active duty in the military can result in better rates.
- Multi-Vehicle Discounts - Insuring more than one vehicle with the same insurance company may reduce the rate for each vehicle.
- Accident Waiver - This isn't a discount exactly, but certain companies permit an accident without getting socked with a rate hike if you are claim-free before the accident.
- Driver's Ed - Have your child complete a driver education course in high school.
- Paper-free Discount - Certain larger companies provide a small discount for buying a policy and signing up on your computer.
- Air Bag Discount - Vehicles equipped with air bags can get savings up to 30%.
- Senior Citizen Rates - Drivers that qualify as senior citizens may be able to get a small discount on rates.
- Anti-lock Brakes - Cars equipped with ABS or steering control have fewer accidents so companies give up to a 10% discount.
- Seat Belt Discounts - Buckling up and requiring all passengers to wear their seat belts could cut 10% or more off the PIP or medical payment premium.
- Life Insurance Discount - Not all insurance companies offer life insurance, but some may give you a lower insurance rate if you buy a life insurance policy as well.
Remember that many deductions do not apply to the entire policy premium. Most only cut individual premiums such as medical payments or collision. So even though you would think all the discounts add up to a free policy, you aren't that lucky.
Large insurance companies and a summarized list of policyholder discounts are included below.
- Farm Bureau may have discounts that include safe driver, 55 and retired, youthful driver, driver training, renewal discount, and multi-policy.
- Liberty Mutual offers discounts for hybrid vehicle, new move discount, safety features, exclusive group savings, and teen driver discount.
- State Farm discounts include Drive Safe & Save, good driver, passive restraint, good student, and multiple autos.
- Auto-Owners Insurance has savings for student away at school, multiple vehicles, paid in full, company car, and multi-policy.
- GEICO may include discounts for anti-theft, emergency military deployment, multi-policy, driver training, and anti-lock brakes.
- SAFECO includes discounts for teen safe driver, bundle discounts, homeowner, accident prevention training, safe driver, anti-lock brakes, and teen safety rewards.
Before purchasing a policy, check with every insurance company how you can save money. Discounts might not be offered in Boston. To see a list of insurance companies that can offer you the previously mentioned discounts in Massachusetts, follow this link.
When should I contact an agent?
Some people would prefer to sit down and talk to an agent and that can be a great decision A nice benefit of comparing insurance prices online is you may find lower rates but also keep your business local. Buying insurance from local agents is especially important in Boston.
Once you complete this quick form, your information is instantly submitted to participating agents in Boston who want to provide quotes to get your business. You never need to drive around since price quotes are sent directly to your email. You can find the lowest rates without the usual hassles of price shopping. In the event you want to get a comparison quote from a specific auto insurance provider, feel free to visit that company's website and submit a quote form there.
When finding a reputable insurance agent or broker, you should know the different types of agents from which to choose. Auto insurance agents in Boston can be categorized as either exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agencies
Agents that choose to be independent can sell policies from many different companies and that gives them the ability to insure with many different companies and potentially find a lower price. If they find a lower price, an independent agent can move your coverage without you having to go to a different agency.
When comparison shopping, we recommend you compare prices from several independent agencies in order to compare the most rates.
Listed below is a short list of independent agencies in Boston that may be able to provide price quotes.
Agents that choose to be exclusive are contracted to one company like Allstate and State Farm. These agents are not able to provide other company's prices so always compare other rates. Exclusive agents are very knowledgeable on what they offer which helps them sell insurance even at higher premiums.
Listed below is a list of exclusive agents in Boston that are able to give comparison quotes.
Deciding on an insurance agent should depend on more than just the bottom line cost. The following questions are important to ask.
- Do they see any coverage gaps in your plan?
- Does their agency support local causes in Boston?
- Are they paid to recommend certain coverages?
- Is insurance their full-time profession?
- How long has the business existed?
- Is every driver in your family covered?
Once you have good answers to any questions you may have as well as the cheapest Toyota Corolla insurance in Boston quotes, chances are good that you have found a car insurance agent that is reliable enough to insure your vehicles. But remember, you are able to cancel your coverage whenever you want so don't assume that you are permanently stuck with a policy for the full policy term.
How much insurance do I need?
When buying coverage online or from an agent, there isn't really a one-size-fits-all type of policy. Every insured's situation is different.
These are some specific questions might help in determining if your insurance needs would benefit from an agent's advice.
- When should I not file a claim?
- Why are teen drivers so expensive to add on to my policy?
- Which companies will insure me after a DUI?
- Is my babysitter covered when using my vehicle?
- Am I better off with higher deductibles on my Toyota Corolla?
- When can I cancel my policy?
- Which companies will insure high-risk drivers?
- What does medical payments coverage do?
- At what point should I drop full coverage?
If you can't answer these questions but you know they apply to you then you might want to talk to an agent. If you don't have a local agent, take a second and complete this form.
Cheaper insurance premiums are possible
In this article, we covered quite a bit of information on how to get a better price on Toyota Corolla insurance in Boston. It's most important to understand that the more price quotes you have, the better likelihood of getting cheaper Boston car insurance quotes. Consumers may even find the lowest prices come from the least-expected company.
When trying to cut insurance costs, it's a bad idea to reduce coverage to reduce premium. There are too many instances where an accident victim reduced collision coverage to discover at claim time that it was a big mistake. Your strategy should be to buy a smart amount of coverage at a price you can afford.
Insureds who switch companies do it for any number of reasons including policy non-renewal, poor customer service, not issuing a premium refund and delays in paying claims. It doesn't matter what your reason, switching companies can be less work than you think.
More learning opportunities
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Who Has the Cheapest Car Insurance for a Ford Escape in Massachusetts? (FAQ)
- Who Has the Cheapest Auto Insurance for Veterans in Massachusetts? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Subaru Impreza in Massachusetts? (FAQ)
- What is the Best Auto Insurance in Springfield, MA? (FAQ)
- How Much is Massachusetts Car Insurance for Homeowners? (FAQ)
- How Much are Massachusetts Auto Insurance Rates for a GMC Sierra? (FAQ)
- Who Has Affordable Massachusetts Auto Insurance for a Toyota Tundra? (FAQ)
- Who Has the Cheapest Massachusetts Auto Insurance for a Toyota Corolla? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Safety Belts FAQ (iihs.org)
- Child Safety FAQ (iihs.org)
- Event Data Recorders FAQ (iihs.org)