Finding economical auto insurance for a Toyota Corolla is pretty easy for most people, but it depends on a very complex rating algorithm that uses multiple factors such as how many miles you drive each year, your credit status, and any prior driving offenses you have. Georgia drivers will pay on average $1,476 each year to insure their Corolla, but that price is an estimation calculated using a 40-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
But there is a high probability that you may not be 40 years old (or even female), married instead of single, or maybe you need higher liability limits than the state minimum. Everyone has unique insurance needs, and this illustrates why the way we recommend to find the cheapest coverage for your Toyota is to do the rate comparisons yourself. Comparing quotes is easy and you will be able to see rates from some of the best insurers that sell coverage in Georgia.
The specific model of Corolla tends to have a direct effect on the yearly cost, so the price you will pay to insure a Corolla LE trim level will be $42 less than the cost to insure the high end Corolla XRS trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Georgia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Prices do not factor in your specific Atlanta location which can alter premiums considerably.
Ratings for Georgia insurance companies
Insuring your vehicle with a high-quality car insurance provider is difficult considering how many choices drivers have in Georgia. The company ratings in the lists below can help you analyze which insurers you want to consider buying from.
The rankings below are only made up of the largest companies in America, so companies that have a smaller presence will not be included in these rankings. If you’d like to compare prices from these companies and more, simply click here.
Top 10 Large Car Insurance Companies Overall in Atlanta
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Large Car Insurance Companies in Atlanta Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
The diagram below shows how choosing a deductible can affect yearly insurance costs when searching for cheap insurance for a Toyota Corolla. The costs are based on a single male driver, comp and collision included, and no discounts are applied.
In the chart above, a 40-year-old driver could save $438 a year by increasing from a $100 deductible up to a $500 deductible, or save $658 by selecting a $1,000 deductible. Younger drivers, like the Age 20 category, have the ability to save as much as $1,460 or more just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have spare funds to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Discounts on Atlanta insurance
Insurers that sell policies for a Toyota Corolla may have policy discounts that could lower prices by as much as 30% if you are eligible for them. A list of companies and the discounts they provide can be found below.
- Mercury Insurance discounts include accident-free, multi-policy, age of vehicle, multi-car, low natural disaster claims, and good driver.
- Farmers Insurance may offer discounts for early shopping, teen driver, electronic funds transfer, good student, switch companies, and distant student.
- Farm Bureau offers premium reductions for 55 and retired, driver training, youthful driver, safe driver, good student, and renewal discount.
- State Farm offers discounts including accident-free, good student, student away at school, good driver, defensive driving training, multiple policy, and multiple autos.
- Allstate policyholders can earn discounts including good payer, resident student, farm vehicle, senior citizen, and premier plus.
- GEICO has discounts for defensive driver, seat belt use, air bags, anti-theft, and multi-policy.
The example below shows the comparison of auto insurance rates with and without discounts. The rates are based on a male driver, no accidents, no driving violations, Georgia state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with safe-driver, anti-theft, vehicle safety, defensive driving course, multiple policy, and passive restraint discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for a Toyota Corolla is 28% or $799.
Drive responsibly or pay higher rates
The best way to find the cheapest insurance premiums in Georgia for a Corolla is to be a safe driver and avoid accidents and traffic citations. The diagram below highlights how traffic violations and at-fault claims can affect car insurance rates for different age groups of insureds. The premium estimates are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.
In the prior example, the average cost of car insurance per year with no violations or accidents is $2,615. Receive one speeding ticket and the average cost swells to $2,945, an increase of $330 each year. Now get two accidents along with the one speeding ticket and the yearly cost of insurance for a Toyota Corolla increases to an average of $5,758. That’s an increase of $3,143, or $262 per month, just for not maintaining a clean driving record!
The agents listed below can answer your questions and help you decide which policy fits your needs best, as some people have coverage questions and would like to get some guidance when shopping for cheaper insurance for a Toyota Corolla. It can be complicated to find the cheapest rates, so professional agents can bring comfort knowing your coverage gives you suitable coverage if you ever need to use it.
To find an agent by location nearest to you, click the button at the bottom.
- PointeNorth Insurance Group
1100 Cir 75 Pkwy SE #140 – Atlanta, GA 30339 – (800) 634-2903
- Allstate Insurance: Drew Niess
3133 Maple Dr NE Ste 100 – Atlanta, GA 30305 – (404) 477-5500
- Allstate Insurance: Laura Leidigh
7 Lenox Pointe NE – Atlanta, GA 30324 – (404) 233-5650