Want to learn how to find lower-priced auto insurance rates in Denver, CO? Denver drivers have options when trying to find low-cost Toyota Corolla insurance. They can either spend hours contacting agents to get rate comparisons or leverage the internet to get rate quotes. There is a better way to compare auto insurance rates and you need to know the quickest way to quote coverages for a Toyota and get the lowest price from Denver insurance agents and online providers.
If you have a policy now or just want a better rate, follow these tips to buy cheaper insurance while maximizing coverage. These techniques will tell you how auto insurance companies operate and how you can save the most money. You just need to know the best way to compare rates from multiple carriers.
The companies in the list below are ready to provide price quotes in Denver, CO. If multiple providers are shown, we recommend you get rate quotes from several of them to get the most affordable price.
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific Denver garaging location which can alter prices significantly.
Comparison of car insurance rates by age and gender
The chart below compares Toyota Corolla insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.
You may qualify for discounts for Toyota Corolla insurance in Denver
Car insurance companies do not advertise the entire discount list very clearly, so the following list contains both the well known and also the lesser-known discounts that may be available.
- Discount for Good Grades – This discount may save you up to 25%. The good student discount can last well after school through age 25.
- Federal Government Employee – Federal government employees could cut as much as 10% off with a few insurance companies.
- Student Driver Training – Teen drivers should successfully complete driver’s ed class in school.
- Theft Prevention System – Vehicles optioned with advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
- Multiple Vehicles – Drivers who insure multiple cars on one policy can get a discount for every vehicle.
- Fewer Miles Equal More Savings – Driving fewer miles could earn lower prices on the low mileage vehicles.
- Military Discounts – Being on active deployment in the military may qualify for rate reductions.
One thing to note about discounts is that most of the big mark downs will not be given to the entire cost. Most cut specific coverage prices like medical payments or collision. Even though it appears you could get a free insurance policy, companies wouldn’t make money that way.
Large insurance companies and some of the premium reductions they offer can be read below.
- Esurance policyholders can earn discounts including claim free, safety device, renters, multi-policy, anti-lock brakes, DriveSense, and homeowner.
- The Hartford has savings for air bag, bundle, driver training, good student, vehicle fuel type, defensive driver, and anti-theft.
- AAA discounts include multi-policy, good driver, multi-car, good student, education and occupation, and anti-theft.
- GEICO includes discounts for emergency military deployment, driver training, five-year accident-free, federal employee, military active duty, and membership and employees.
- State Farm may have discounts that include driver’s education, good student, Drive Safe & Save, anti-theft, multiple autos, good driver, and student away at school.
If you need lower rates, check with all the companies to apply every possible discount. Some discounts listed above might not be available to policyholders in Denver. If you would like to choose from a list of insurance companies that offer many of these discounts in Denver, click here.
Toyota Corolla Insurance Premiums Can Be Reduced
One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that aid in calculating car insurance rates. If you have a feel for what controls the rates you pay, this empowers consumers to make smart changes that may result in cheaper rates. Lots of things are used when premium rates are determined. Some of the criteria are obvious such as your driving record, but other criteria are less obvious like where you live or your commute time.
- Do thieves like your car? – Selecting a car model with advanced anti-theft systems can earn a premium discount. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft.
- Battle of the sexes – Statistics show women are more cautious behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Both sexes are responsible for at-fault accidents in similar percentages, but males tend to have more serious accidents. Men also receive more costly citations like DWI (DUI) or reckless driving.
- Type of car determines base costs – The performance level of the car or truck you drive makes a huge difference in determining your rates. Because the Toyota Corolla falls in the sedan class, rates will be about the same as compared to the average rate in Denver. Small economy passenger cars usually have the lowest rates, but your final cost has many other factors.
- Rates can drop if you have more than one policy – Most insurance companies afford lower prices to policyholders who buy several policies from them in the form of a multi-policy discount. Even with this discount, consumers should still check prices from other companies to confirm you are receiving the best rates possible. Consumers may find a better deal even if you have your coverage with different companies
- Careless driving means higher prices – Good drivers have lower premiums than bad drivers. Having a single citation can boost insurance rates substantially. People who have dangerous violations like DUI, reckless driving or excessive speeding may be required to prove financial responsibility with the DMV in their state in order to legally drive a vehicle.
- Loss probability for a Toyota Corolla – Companies analyze the history of losses to calculate a price that will offset losses. Models that have higher losses will have higher rates for specific coverages. The table below demonstrates the actual insurance loss data for Toyota Corolla vehicles.
For each coverage type, the claim probability for all vehicles, as an average, is a value of 100. Numbers shown that are under 100 indicate better than average losses, while values that are 100 or greater point to more frequent losses or larger claims.
Insurance Loss Ratings for Toyota Corolla Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Corolla 133 111 94 156 158 128
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Neighborhood agents and car insurance
Certain consumers still prefer to buy from a licensed agent and that is OK! Professional agents can help you choose the best coverages and help you file claims. The biggest benefit of getting free rate quotes online is the fact that you can find cheap car insurance quotes and still buy from a local agent.
For easy comparison, once you complete this form (opens in new window), your insurance data gets sent to companies in Denver who will return price quotes for your coverage. It simplifies rate comparisons since you won’t have to even leave your home since price quotes are sent immediately to your email address. If for some reason you want to get a comparison quote from a specific company, you just need to go to their quote page and fill out the quote form the provide.
Deciding on an insurer shouldn’t rely on just a cheap price. Agents should be asked these questions:
- Do they specialize in personal lines auto insurance in Denver?
- How much will you save each year by using a higher deductible?
- Will their companies depreciate repairs to your car based on the mileage?
- Can they provide you with a list of referrals?
- Will you work with the agent or an assistant?
- Do they get paid more for recommending certain coverages?
- Who are their largest clients?
If you are wanting to find a reliable agent, it’s important to understand the different types of agents and how they can quote your rates. Agents in Denver are categorized either exclusive or independent (non-exclusive). Either one can insure your vehicles properly, but it’s important to know the difference in how they write coverage since it could factor into the type of agent you choose.
These type of agents write business for a single company like State Farm, Allstate, or Farmers Insurance. Exclusive agencies are unable to compare rates from other companies so you might not find the best rates. Exclusive agencies are highly trained in insurance sales and that can be a competitive advantage. Some people will only use the same agent primarily because of the prominent brand name rather than having low rates.
Shown below is a short list of exclusive insurance agencies in Denver willing to provide rate quotes.
- Austin Domsch – State Farm Insurance Agent
400 S Colorado Blvd #890 – Denver, CO 80246 – (303) 321-0895 – View Map
- Beth Bales – State Farm Insurance Agent
3650 S Yosemite St #408 – Denver, CO 80237 – (303) 993-2727 – View Map
- Lori Rickert State Farm®
714 S Pearl St – Denver, CO 80209 – (303) 757-7440 – View Map
Independent Agencies or Brokers
These type of agents are not employed by one company and that gives them the ability to insure amongst many companies and find you the best rates. If your premiums go up, the agent simply finds a different carrier which is easy for the insured.
When comparing rate quotes, it’s recommended you get quotes from multiple independent agents for maximum quote selection. Many independent agencies also insure through lesser-known insurance companies which may provide better rates.
Below is a short list of independent agencies in Denver that are able to give price quote information.
- Dagley Insurance and Financial Services Inc
2055 S Federal Blvd – Denver, CO 80219 – (303) 975-1229 – View Map
- Madison Insurance Group
600 S Cherry St #900 – Denver, CO 80246 – (800) 636-6185 – View Map
- Moody Insurance Agency
8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600 – View Map
The best rates come from being thorough
Consumers who switch companies do it for many reasons like denial of a claim, lack of trust in their agent, unfair underwriting practices or even high rates after DUI convictions. It doesn’t matter why you want to switch finding a new car insurance company is less work than it seems.
In this article, we covered many tips how you can lower your Toyota Corolla insurance premium rates in Denver. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest premium rates are with the least-expected company.
A few companies do not provide internet price quotes and many times these regional insurance providers prefer to sell through independent agencies. Cheaper car insurance in Denver can be sourced on the web as well as from insurance agents, and you should compare price quotes from both to have the best chance of lowering rates.
Additional car insurance information is available below:
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance for Electric Cars in Denver? (FAQ)
- What Insurance is Cheapest for Seniors in Denver? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Jeep Wrangler in Denver? (FAQ)
- Who Has the Cheapest Denver Car Insurance for Young Drivers? (FAQ)
- Teen Driving Statistics (GEICO)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- What Does No-Fault Insurance Cover? (Allstate)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)