Insurance for Toyota CorollaAre you sick of overpaying and want the cheapest insurance rates in Honolulu, HI? Honolulu shoppers have lots of choices when shopping for the best price on Toyota Corolla insurance. They can either waste time driving around to compare prices or save time using the internet to make rate comparisons. There are both good and bad ways to buy insurance and we'll show you the absolute fastest way to compare rates for a new or used Toyota and locate the best price possible either online or from Honolulu insurance agents.

You should take the time to compare rates yearly because insurance rates trend upward over time. If you had the lowest rate on Toyota Corolla insurance in Honolulu two years ago you may be paying too much now. Forget all the misinformation about insurance because we're going to show you the tricks you need to know to remove unneeded coverages and save money.

Finding low cost Toyota Corolla insurance quotes isn't really that difficult. All you need to do is spend a few minutes on the computer getting comparison quotes provided by online insurance companies.

The car insurance companies shown below provide quotes in Hawaii. If multiple companies are listed, it's a good idea that you visit several of them to get a more complete price comparison.

Toyota Corolla Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $142 $338 $300 $18 $90 $888 $74
Corolla S $160 $370 $344 $20 $104 $998 $83
Corolla XLE $162 $320 $270 $16 $80 $848 $71
Corolla XRS $224 $398 $270 $16 $80 $988 $82
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Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in zip code location which can influence rates significantly.

Comparison of policy deductibles

One of the more difficult decisions when buying car insurance is at what level do you set your deductibles. The following insurance rates summarize the rate differences when you select higher and lower policy deductibles. The first rate table uses a $100 deductible and the second price grid uses a $1,000 deductible.

Toyota Corolla insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $228 $484 $264 $16 $80 $1,097 $91
Corolla S $228 $484 $264 $16 $80 $1,097 $91
Corolla XLE $228 $484 $264 $16 $80 $1,097 $91
Corolla XRS $258 $484 $264 $16 $80 $1,127 $94
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Toyota Corolla insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $126 $256 $264 $16 $80 $742 $62
Corolla S $126 $256 $264 $16 $80 $742 $62
Corolla XLE $126 $256 $264 $16 $80 $742 $62
Corolla XRS $142 $256 $264 $16 $80 $758 $63
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium costs do not factor in vehicle garaging location which can impact insurance rates greatly.

We can derive from the above data that using a $100 deductible will cost you about $30 more each month or $360 a year than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 30 months between claim filings, you would come out ahead by going with a higher deductible.

Drive safe and save

The example below illustrates how violations and at-fault claims impact Toyota Corolla auto insurance rates for different age groups. The premium estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Insurance discounts help lower rates for Toyota Corolla insurance in Honolulu

Some providers don't always list every disount available in an easy-to-find place, so the following list contains both the well known and the more hidden credits available to bring down your rates.Insurance discounts

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, you're out of luck.

To view insurance companies with the best discounts in Honolulu, click here.

Compare prices but still have a neighborhood Honolulu auto insurance agent

Many drivers would rather sit down and talk to an agent and there is nothing wrong with that. Good agents can help you build your policy and help submit paperwork. One of the great benefits of comparing insurance online is that you can obtain the lowest rates and still buy from a local agent.

Insurance agents in HonoluluTo make it easy to find an agent, after completing this short form, the coverage information is sent to local insurance agents that can give you free Honolulu car insurance quotes for your coverage. It makes it easy because there is no need to find an agent since price quotes are sent directly to you. If you have a need to quote rates from a specific insurance company, you just need to jump over to their website and give them your coverage information.

Finding the right insurer needs to be determined by more than just a cheap price. Here are some questions to ask:

Exclusive agents vs. Independent agents

When searching for an insurance agent, you should know the different agency structures and how they are slightly different. Insurance agencies can be classified as either independent agents or exclusive agents depending on their employer. Both types of agents can insure your vehicles, but it is a good idea to know the difference in the companies they write for since it may influence the kind of agent you use.

Exclusive Insurance Agencies

Agents that elect to be exclusive can only place business with one company and some examples include Allstate, State Farm and Farm Bureau. These agents are not able to provide other company's prices so if the price isn't competitive there isn't much they can do. Exclusive agencies receive extensive training in insurance sales which can be an advantage. Some people will only buy insurance from these agents mainly due to the brand rather than low price.

The following are exclusive agencies in Honolulu willing to provide rate quotes.

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Independent Agents

Independent insurance agents do not have single company limitations and that enables them to quote your coverage with a variety of different insurance companies and find the cheapest insurance rates. If premiums increase, they can switch companies in-house and you can keep the same agent.

If you need lower rates, we highly recommend that you compare prices from several independent insurance agents so that you have a good selection of quotes to compare. Most have the option of insuring with companies that do not advertise much that many times have cheaper rates.

Shown below are independent insurance agencies in Honolulu willing to provide price quote information.

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Honolulu Insurance Rates are Influenced by These Factors

It's important that you understand some of the factors that help calculate your policy premiums. If you have a feel for what influences your rates, this allows you to make good choices that may reward you with better auto insurance rates. Lots of factors are part of the calculation when pricing auto insurance. Most are fairly basic such as your driving record, but some are less apparent like your continuous coverage or your commute time.

Why you need insurance for your Corolla

Despite the fact that car insurance is not cheap in Honolulu, insuring your vehicle is mandatory in Hawaii but it also protects more than you think.

The benefits of having car insurance more than offset the price you pay, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver overpays more than $869 every year so shop around at least once a year to ensure rates are inline.

Do the work, save more money

Budget-friendly insurance in Honolulu is attainable online in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates. Some insurance providers do not provide rates over the internet and usually these regional carriers sell through local independent agents.

When trying to cut insurance costs, it's not a good idea to reduce coverage to reduce premium. There are a lot of situations where an insured dropped collision coverage only to discover later that it was a big mistake. The aim is to find the BEST coverage for the lowest cost while still protecting your assets.

In this article, we presented a lot of tips how to reduce Toyota Corolla insurance car insurance rates online in Honolulu. The key concept to understand is the more price quotes you have, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest priced insurance comes from some of the lesser-known companies.

Much more information about insurance in Hawaii is located at these links: