Trying to find the cheapest insurance for a new or used Toyota Corolla in Florida can be a lot of work, but you can learn these tips to make it easier.
There are more efficient ways to shop for insurance and you need to know the absolute fastest way to price shop coverage for a Toyota and locate the cheapest rates from both online companies and Miami agents.
It’s easy to assume that insurance companies don’t want you to compare rates. Drivers who get comparison quotes at least once a year will most likely switch insurance companies because they stand a good chance of finding a lower-priced company. A study discovered that consumers who routinely shopped around saved on average $70 a month as compared to drivers who never compared rates.
If finding the best rates on insurance in Miami is your objective, then learning about how to find companies and compare insurance premiums can help you succeed in finding affordable rates.
Finding and comparing the most affordable protection in Miami is easy if you know what you’re doing. If you have a current car insurance policy or want to find a cheaper company, use these techniques to cut your premiums and still get good coverage. Comparison shoppers only need an understanding of the quickest method to compare different rates over the internet.
How to get free Toyota Corolla insurance quotes online
The companies shown below are ready to provide comparison quotes in Miami, FL. To get the best car insurance in Florida, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.
Protect more than your vehicle
Despite the high cost of buying insurance for a Toyota Corolla in Miami, maintaining insurance is required by state law in Florida and it also provides benefits you may not be aware of.
- Almost all states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Corolla with a loan, almost all lenders will require that you have full coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may have to buy a policy to insure your Toyota for a lot more money and require you to fork over for the much more expensive policy.
- Insurance safeguards your Toyota Corolla and your assets. It will also cover medical bills for you, any passengers, and anyone injured in an accident. Liability insurance also pays expenses related to your legal defense if anyone sues you for causing an accident. If your Toyota gets damaged, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance are definitely more than the cost, particularly when you have a large claim. The average driver in Florida is wasting up to $825 a year so compare quotes from several companies once a year at a minimum to make sure the price is not too high.
Premium rates and analysis
The rate table shown below covers detailed analysis of policy rates for Toyota Corolla models. Learning as much as possible about how insurance premiums are determined is important for drivers to make smart choices when buying a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $294 | $588 | $430 | $26 | $128 | $1,466 | $122 |
| Corolla S | $294 | $588 | $430 | $26 | $128 | $1,466 | $122 |
| Corolla XLE | $294 | $588 | $430 | $26 | $128 | $1,466 | $122 |
| Corolla XRS | $332 | $588 | $430 | $26 | $128 | $1,504 | $125 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Information does not factor in vehicle garaging location which can influence rates noticeably.
Policy deductible comparison
One common question asked by Miami drivers is which deductibles should you choose. The figures shown below may help to illustrate the rate difference when you select higher and lower policy deductibles. The first table uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $322 | $640 | $418 | $24 | $124 | $1,553 | $129 |
| Corolla S | $322 | $640 | $418 | $24 | $124 | $1,553 | $129 |
| Corolla XLE | $322 | $640 | $418 | $24 | $124 | $1,553 | $129 |
| Corolla XRS | $364 | $640 | $418 | $24 | $124 | $1,595 | $133 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Corolla S | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Corolla XLE | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Corolla XRS | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Prices do not factor in specific garaging location which can change rates considerably.
Using the premium rates above, we can conclude that using a $250 deductible will cost you about $32 more each month or $384 a year than buying the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average at least 23 months between claims, you would more than likely save some money if you choose a higher deductible.
The illustration below shows how different deductible levels and can influence Toyota Corolla annual premium costs for different ages of insureds. The data is based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Responsible drivers pay cheaper auto insurance rates
The illustration below demonstrates how citations and at-fault accidents can affect Toyota Corolla insurance costs for different age groups. The price estimates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Discounts mean cheaper rates for Toyota Corolla insurance in Miami
Some insurers don’t always list their entire list of discounts in a way that’s easy to find, so we researched some of the best known and also the more inconspicuous ways to save on car insurance.
- Anti-lock Brake System – Cars equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
- Defensive Driver Discount – Taking time to complete a defensive driving class can save you 5% or more if your company offers it.
- Low Mileage Discounts – Keeping the miles down on your Toyota can qualify you for better premium rates on cars that stay parked.
- Policy Bundle Discount – If you can bundle your homeowners and auto insurance and place coverage with the same company you may save as much as 10 to 15 percent.
- Driver Education Discount – Reduce the cost of insurance for teen drivers by having them complete a driver education course in school or through a local driver safety program.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a discounted premium rate on car insurance if you buy some life insurance in addition to your auto policy.
A quick disclaimer, some credits don’t apply to the entire policy premium. Most only apply to the cost of specific coverages such as comp or med pay. Just because it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.
The chart below illustrates the difference between Toyota Corolla annual premium costs with and without discounts. The data assumes a male driver, no accidents, no driving violations, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, safe-driver, multi-policy, claim-free, and homeowner discounts applied.
Some of the insurance companies that may include these benefits are:
If you are trying to find affordable Toyota Corolla insurance quotes, ask every insurance company to apply every possible discount. Depending on the company, some discounts may not be available in your area. For a list of insurers that provide some of the discounts listed above in Florida, click here.
When should I contact an insurance agency?
Many drivers prefer to buy from a local agent and we recommend doing that Most agents can help you build your policy and give you someone to call. The best thing about comparing auto insurance online is that drivers can save money and get cheaper rates and still have a local agent. Supporting local insurance agencies is important especially in Miami.
After filling out this form (opens in new window), the coverage information is immediately sent to insurance agents in Miami who will give you bids and help you find cheaper coverage. You never need to leave your house because prices are sent directly to you. If you wish to get a price quote from a specific insurance company, you would need to navigate to their website to submit a rate quote request.
When researching a good insurance agency, it’s helpful to know the types of agencies and how they can quote your rates. Insurance agencies in Miami are either independent agents or exclusive agents. Either one can do a good job, but it is important to understand how they differ because it may have an impact on which type of agent you select.
Independent Insurance Agents
Independent agents are not required to write business for one company and that gives them the ability to insure with an assortment of companies and find you the best rates. To transfer your coverage to a different company, the agent simply finds a different carrier and you stay with the same agent.
If you are comparing auto insurance prices, it’s recommended you get quotes from several independent agencies to maximize your price options. Many independent agencies also insure through smaller mutual companies who may have lower rates.
Below are independent agencies in Miami that can give you pricing information.
- JVS Insurance Agency
9600 SW 8th St #27 – Miami, FL 33174 – (305) 552-5250 – View Map - Exclusive Insurance Agency Inc.
7175 SW 8th St #203 – Miami, FL 33144 – (305) 263-4855 – View Map - Leading Insurance Agency
1733 SW 22nd St – Miami, FL 33145 – (305) 857-0075 – View Map
Exclusive Agencies
Agents that choose to be exclusive generally can only insure with one company like Farmers Insurance and State Farm. They are unable to shop your coverage around so you might not find the best rates. Exclusive agents are usually well trained on their products and sales techniques which helps them compete with independent agents. Consumers sometimes purchase coverage from exclusives mostly because of high brand loyalty and solid financial strength.
Below is a list of exclusive agents in Miami who can help you get rate quotes.
- Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2 – Miami, FL 33133 – (305) 860-0616 – View Map - Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103 – Miami, FL 33144 – (305) 262-0440 – View Map - GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map
Deciding on a insurance agency shouldn’t rely on just the bottom line cost. Any good agent in Miami should know the answers to these questions.
- Does the agency have a good rating with the Better Business Bureau?
- Does the company have a solid financial rating?
- Will the agent or a CSR service your policy?
- How long has their agency been open in Miami?
- Is every driver in your family covered?
- Do they carry Errors and Omissions coverage?
- Do the coverages you’re quoting properly cover your vehicle?
Special considerations
When choosing adequate coverage, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs.
For instance, these questions might help in determining whether your personal situation could use an agent’s help.
- Is my cargo covered for damage or theft?
- Are combined or split liability limits better?
- Does rental coverage apply when I am renting a car?
- When can my company non-renew my policy?
- Is extra glass coverage worth it?
- Why am I required to buy high-risk coverage?
- Does insurance cover tools stolen from my truck?
If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.
Persistence will pay off
As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where someone sacrificed uninsured motorist or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your aim should be to purchase a proper amount of coverage at the best cost while still protecting your assets.
Discount Toyota Corolla insurance in Miami is attainable on the web in addition to many Miami insurance agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who may not provide price quotes online and most of the time these regional carriers prefer to sell through local independent agencies.
We just showed you a lot of tips how to find cheap Toyota Corolla insurance in Miami. The key thing to remember is the more times you quote, the higher the chance of saving money. You may even find the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.
Steps to quoting cheaper Toyota Corolla insurance in Miami
To save the most money, the best way to get discount car insurance rates is to compare prices regularly from different companies in Miami. You can compare prices by following these guidelines.
- Take a few minutes and learn about how companies price auto insurance and the steps you can take to prevent rate increases. Many rating criteria that cause rate increases such as your driving record and poor credit rating can be controlled by making minor driving habit or lifestyle changes.
- Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like Progressive or State Farm, while independent agencies can quote prices from multiple insurance companies.
- Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save money and switch companies, make sure there is no coverage gap between policies.
One important bit of advice is to try to compare the same level of coverage on each quote and and to get price quotes from as many companies as you can. This enables a level playing field and the best rate selection.
More tips and info about car insurance is available in these articles:
- Anti-Lock Brake FAQ (iihs.org)
- Who Has Cheap Auto Insurance Rates for Handicapped Drivers in Miami? (FAQ)
- What Auto Insurance is Cheapest for Veterans in Miami? (FAQ)
- Older Drivers FAQ (iihs.org)
- Uninsured Motorist Statistics (Insurance Information Institute)