Who Has the Cheapest San Jose Car Insurance Rates for a Toyota Corolla?

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Toyota Corolla insurance rates
Toyota Corolla insurance rates image courtesy of QuoteInspector.com

Buying competitive coverage for a Toyota Corolla hinges on a lot of rating criteria such as the mileage of your daily commute, if you have prior claims, and your choice of deductibles. Drivers pay around $1,260 each year to insure their Corolla, but that price is a projection calculated based on a 30-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.

The issue with using an average estimated rate is the likelihood you're not a 30-year-old female, possibly married instead of single, or you just prefer to insure for liability only. Having even a minor difference in rating variables or coverage information can make a big difference in the policy rate.

Having different needs demonstrates why the only way to find the cheapest rates for your Toyota is to do a thorough rate comparison.

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The trim level of your Toyota can impact the insurance rate, so the price you will be charged to insure a Corolla LE will be $30 cheaper than the price to insure the fancier Corolla XRS version, as shown below.

Toyota Corolla Insurance Rates in San Jose, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $234 $524 $596 $36 $178 $1,568 $131
Corolla S $234 $524 $596 $36 $178 $1,568 $131
Corolla XLE $234 $524 $596 $36 $178 $1,568 $131
Corolla XRS $264 $524 $596 $36 $178 $1,598 $133
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can increase or decrease premium rates considerably.

Selecting the top company is difficult considering how many companies sell insurance in California. The ranking data listed below could help you analyze which insurers you want to consider putting your business with.

The ratings below are for the largest companies in America, so smaller companies that only insure vehicles in California are not factored into the list. If you'd like to compare prices and find the cheapest rates for a Toyota Corolla, just click here.

Top 10 Large Auto Insurers in San Jose Ranked by Customer Satisfaction

  1. Titan Insurance - 95%
  2. USAA - 94%
  3. AAA of Southern California - 92%
  4. AAA Insurance - 91%
  5. Nationwide - 90%
  6. State Farm - 90%
  7. The Hartford - 89%
  8. GEICO - 89%
  9. The General - 88%
  10. 21st Century - 88%

Top 10 Large Auto Insurers in San Jose Ranked by A.M. Best Rating

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+

Insurance rate increases from tickets or accidents

The common sense way to enjoy cheap car insurance premiums in California for a Corolla is to be a good driver and avoid accidents and traffic citations. The illustration below shows how speeding tickets and accident claims raise auto insurance costs for different age categories. Data assumes a married male driver, full coverage, $250 deductibles, and no additional discounts are factored in.

In the previous example, the average cost of an auto insurance policy in San Jose per year with no violations or accidents is $2,500. Factor in one speeding ticket and the average cost rises to $2,872, an increase of $372 each year. Then throw in one accident along with the one speeding ticket and the annual cost of car insurance for a Toyota Corolla goes up to an average of $3,930. That's an increase of $1,430, or $119 per month, just for not being attentive to the road!

The information below shows how choosing a deductible can impact insurance costs when researching cheap insurance for a Toyota Corolla. The price estimates are based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

In the chart above, a 50-year-old driver could pocket $476 a year by increasing from a $100 deductible to a $500 deductible, or save $712 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could drop their prices up to $1,216 annually just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it's a good idea to have enough spare savings to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Here's why you should compare rates often

California car insurance rates are impacted by many things that can increase the price you have to pay for coverage. Improving your credit score, moving to a different location, or getting a reckless driving citation can trigger changes in premium resulting in some companies being much cheaper than others.

Additionally, insurance companies change the rates they charge in California without warning in order to offset underwriting gains or losses. Higher than normal claims can result in high rates, while a profitable period can cause more affordable Corolla insurance rates.

The bar chart below shows the cheapest car insurance in San Jose, CA for a 30-year-old female driver with no accidents, a clean driving record, and good credit. If we look at prices based on her current rating profile, USAA may have the lowest car insurance rates in San Jose at $1,192 each year. This is $459 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are the rest of the most affordable San Jose, CA auto insurance companies.

The example below compares rates after we give the driver in the first chart a claim surcharge, slightly worse credit, and an imperfect driving record. Since each auto insurer has a unique approach for filing rates in each state, comparing insurance quotes may now result in a different set of the cheapest San Jose car insurance companies as shown below.

Grange now has the lowest price on auto insurance in San Jose, CA with Mercury, GEICO, Allied, and Progressive now being in the top five. This shows why consumers need to compare rates when trying to find the most budget-friendly insurance quotes for a Toyota Corolla.

Auto insurance prices can be altered by many different factors and can change without notice, so the lowest-price company the last time you shopped around may now be costing you a lot of money.

How to find economical insurance for a Toyota Corolla

The list below summarizes many penny-pinching solutions that can help drivers find cheaper auto insurance.

That final tip is very significant, as we pointed out in this write-up. Coverage rates go up and down frequently, so don't be afraid to change insurance companies if you find a cheaper price.

Sticking with a specific company is fine, but it's not a great idea if it's costing you hundreds of dollars year after year. Spend a few minutes and compare rates to find cheaper car insurance for a Toyota Corolla in San Jose.

The professional agents shown below can help you determine which coverages and limits you need, as lots of drivers aren't clear which coverage they need and would like to get some help when comparing insurance rates for a Toyota Corolla. It can be hard to find coverage yourself, and a professional agent can bring peace of mind knowing your policy gives you suitable coverage if you have an accident. To locate a San Jose insurance agent in your neighborhood, click the link at the bottom.

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