Who Has Affordable Cincinnati Auto Insurance for a Toyota Corolla?

Finding economical auto insurance for a Toyota Corolla hinges on a large number of rating criteria such as the safety rating for your Corolla, the likelihood of vehicle theft, and violations on your driving record. Ohio drivers will pay around $689 a year for Corolla insurance, but that cost is an approximation calculated based on a 50-year-old single male driver with both comprehensive and collision coverage and $250 deductibles.

When making auto insurance estimates, the issue arises that you aren’t exactly 50 years old or even a male, married instead of single, or maybe you want more liability coverage than is required by law in Ohio. Not everyone needs the same coverages, so the only way to find cheap insurance prices for your Toyota is to just compare rates yourself.

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The trim level of your Corolla tends to have a direct effect on the yearly cost, so the rate you pay to insure a Corolla LE trim level will cost $20 less than the cost to insure the fancier Corolla XRS trim level, as shown in the chart below.

Toyota Corolla Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $150 $358 $256 $16 $76 $856 $71
Corolla S $150 $358 $256 $16 $76 $856 $71
Corolla XLE $150 $358 $256 $16 $76 $856 $71
Corolla XRS $170 $358 $256 $16 $76 $876 $73
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Table data does not factor in specific garaging location which can revise auto insurance rates substantially.

Ohio auto insurance company ratings

Selecting a high-quality car insurance company can be difficult considering how many different companies sell coverage in Cincinnati. The company information in the lists below can help you pick which car insurance companies you want to consider comparing rate quotes with. The rankings below include companies that insure vehicles nationwide, so smaller companies that only insure vehicles in Ohio are not taken into consideration for the list.

Top 10 Large Auto Insurance Providers in Cincinnati Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

Top 10 Large Auto Insurance Providers in Cincinnati Ranked by A.M. Best Rating

  1. USAA – A++
  2. GEICO – A++
  3. Travelers – A++
  4. State Farm – A++
  5. Allstate – A+
  6. Progressive – A+
  7. Erie Insurance – A+
  8. The Hartford – A+
  9. Nationwide – A+
  10. Esurance – A+

How accidents and tickets impact rates in Cincinnati

The best way to find the most affordable auto insurance rates in Cincinnati for a Corolla is to be an attentive driver and avoid accidents and traffic citations. The example below illustrates how traffic citations and fender-benders can increase auto insurance costs for each different age category. The price estimates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

In the example above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,440. Factor in two speeding tickets and the average cost jumps to $1,935, an increase of $495 each year. Now add one accident along with the two speeding tickets and the annual cost of auto insurance for a Toyota Corolla increases to an average of $2,437. That’s an increase of $997, or $83 per month, just for not driving safely!

The diagram below demonstrates how deductibles can affect premium costs when researching cheap insurance for a Toyota Corolla. The data assumes a married male driver, full physical damage coverage, and no discounts are applied to the premium.

The chart above illustrates that a 30-year-old driver could save $236 a year by switching from a $100 deductible to a $500 deductible, or save $356 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could drop their prices as much as $718 or even more just by choosing larger deductibles.

When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have plenty of money set aside to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to find economical auto insurance for a Toyota Corolla

It is possible to find better rates, and here are a few thrifty ideas that can help you find more affordable coverage.

The last idea is remarkably vital, as we discussed in this article. Prices charged by companies in Cincinnati fluctuate constantly, so drivers shouldn’t hesitate to change to a new company if a more affordable rate is found. We understand brand loyalty, but it’s not a great idea if that faithfulness ends up costing you a fortune every year. It only takes a couple minutes to compare prices and find cheaper insurance for a Toyota Corolla.

If you have coverage questions and would like to get some professional advice when buying car insurance for a Corolla, the agents shown below can most likely aid you in deciding which coverage fits your budget. To find a Cincinnati insurance agency close to you, click the button following the list or click here to get price quotes now.

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