Discount Toyota Corolla insuranceAre you searching for low-cost Toyota Corolla insurance in Rochester? Trying to come up with a payment for high-priced auto insurance can draw down your funds and force you to tighten up your finances. Doing a rate analysis is a fast and free way to make ends meet.

It's hard to believe, but most consumers kept their policy with the same company for well over three years, and virtually 40% of consumers have never compared rates with other companies. Many consumers in Minnesota could save an average of almost 50% each year just by getting comparison quotes, but they underestimate how much money they would save if they replace their high priced policy. People have so many car insurance companies to pick from, and although it's a good thing to have a choice, more options can take longer to compare rates for Toyota Corolla insurance in Rochester.

It's a good habit to compare rates once or twice a year due to the fact that insurance prices change regularly. Even if you got the best price on Toyota Corolla insurance in Rochester a couple years back you can probably find a lower rate today. Forget all the misinformation about auto insurance because you're about to learn one of the easiest ways to save money, get proper deductibles and limits, all at the lowest rate.

The best way we recommend to compare policy rates for Toyota Corolla insurance in Rochester is to take advantage of the fact most larger insurance companies actually pay money for the chance to give free rates quotes. To begin a comparison, all you need to do is give them some information like marital status, if it has an anti-theft system, which vehicles you own, and your job. That information is then sent to multiple companies and they provide comparison quotes immediately.

To start a quote now, click here and enter your coverage details.

The companies shown below are our best choices to provide price quotes in Minnesota. If multiple companies are listed, we suggest you visit several of them in order to find the most affordable rates.

Toyota Corolla Insurance Estimates in Rochester, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $240 $560 $384 $22 $114 $1,320 $110
Corolla S $146 $300 $324 $20 $96 $886 $74
Corolla XLE $246 $486 $318 $18 $94 $1,162 $97
Corolla XRS $170 $306 $318 $18 $94 $906 $76
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence premiums significantly.

Policy deductibles

One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The tables below can help you understand the rate difference between low and high comp and collision deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Toyota Corolla insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $272 $580 $318 $18 $94 $1,307 $109
Corolla S $272 $580 $318 $18 $94 $1,307 $109
Corolla XLE $272 $580 $318 $18 $94 $1,307 $109
Corolla XRS $308 $580 $318 $18 $94 $1,343 $112
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Toyota Corolla insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $200 $392 $318 $18 $94 $1,022 $85
Corolla S $200 $392 $318 $18 $94 $1,022 $85
Corolla XLE $200 $392 $318 $18 $94 $1,022 $85
Corolla XRS $224 $392 $318 $18 $94 $1,046 $87
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact premiums significantly.

Using the data above, we can ascertain that using a $100 deductible costs roughly $24 more each month or $288 annually than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 17 months between claims, you would save money if you choose a higher deductible.

An analysis of deductible level

The diagram below illustrates how your choice of deductibles and can impact Toyota Corolla yearly insurance costs for different age groups of insureds. The premiums are based on a single male driver, full physical damage coverage, and no policy discounts are applied.

Toyota Corolla insurance discounts in Rochester

Some companies don't list all possible discounts in an easy-to-find place, so the list below gives a summary of a few of the more well known and the harder-to-find credits that you can use to lower your rates.Auto insurance discounts

Policy discounts save money, but some credits don't apply to your bottom line cost. Most only cut specific coverage prices like comp or med pay. Even though it appears you can get free auto insurance, that's just not realistic.

To find providers that provide some of the discounts listed above in Minnesota, follow this link.

Car insurance protects more than just your car

Even though Rochester Corolla insurance rates can get expensive, buying car insurance is not optional due to several reasons.

First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability protection in order to drive the car. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your Corolla has a loan, more than likely the lender will require that you buy full coverage to protect their interest in the vehicle. If the policy lapses, the bank may buy a policy for your Toyota at a much higher premium rate and force you to pay for it.

Third, insurance protects not only your Toyota but also your financial assets. Insurance will also pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of an accident. If your Toyota gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of buying enough insurance are definitely more than the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $830 a year so you should quote and compare rates at every policy renewal to make sure the price is not too high.

When should I get advice from an agent?

Many people still like to go talk to an agent and doing that can be a smart decision Most agents are highly skilled in risk management and give you someone to call. A nice benefit of getting online price quotes is that you can obtain cheap car insurance rates and still choose a local agent. Putting coverage with small agencies is important particularly in Rochester.

Insurance agents in RochesterUpon completion of this quick form, your information is immediately sent to local insurance agents in Rochester that provide free Rochester auto insurance quotes for your coverage. There is no reason to search for an agent since price quotes are sent immediately to you. If you want to compare prices from a specific insurance company, you can always go to their quote page and give them your coverage information.

When researching an insurance agent, you need to know there are two types of insurance agents and how they are slightly different. Agents can be classified as either exclusive or independent (non-exclusive). Either can insure your vehicles, but it's worth mentioning how they differ since it could factor into the selection process.

Independent Car Insurance Agencies

Agents that choose to be independent can sell policies from many different companies so they have the ability to put coverage with an assortment of companies and find you the best rates. If you are not satisfied with one company, the business is moved internally which makes it simple for you.

If you are comparing rate quotes, you should always contact multiple independent agents to maximize your price options.

The following is a partial list of independent insurance agents in Rochester who may provide cheap rate quotes.

1016 Civic Center Dr NW #102 - Rochester, MN 55901 - (507) 258-4640 - View Map

2766 Commerce Dr NW - Rochester, MN 55901 - (507) 424-6200 - View Map

1635 Greenview Dr SW - Rochester, MN 55902 - (800) 701-5909 - View Map

More Rochester agents

Exclusive Car Insurance Agents

Agents that elect to be exclusive are contracted to one company and examples are Allstate and State Farm. They are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agents are usually well trained on what they offer which helps them sell on service rather than price.

The following is a short list of exclusive insurance agents in Rochester willing to provide price quotes.

401 16th St SE - Rochester, MN 55904 - (507) 288-2939 - View Map

914 N Broadway Ave - Rochester, MN 55906 - (507) 281-0100 - View Map

3518 55th St NW - Rochester, MN 55901 - (507) 289-4663 - View Map

More Rochester agents

Finding the right insurance agency shouldn't rely on just the premium amount. Here are some questions to ask: