Finding economical coverage for a Toyota Corolla is pretty easy to do, but it hinges on a lot of things such as whether you are male or female, your claims history, and if you have a history of accidents. Drivers in Wyoming will pay around $702 a year to insure their Corolla, but that price is a projection based upon a 50-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
Most likely you aren't exactly 50 years old or even a female, maybe you are single instead of married, or maybe you live in a different area as the quoted rates. Just a slight change in rating factors or requested coverage amount can make a large difference in how much insurance for a Toyota Corolla costs.
This example demonstrates why the best way to find the cheapest rates for your Toyota is to do your own rate comparisons. To start saving now, get free quotes and you can get rates from the best companies that sell coverage in Wyoming.
The specific trim level will be a contributing factor to the cost of insurance, so the price you will be charged to insure a Corolla LE trim level will be $16 less expensive the price to insure the more costly Corolla XRS model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price information does not factor in Wyoming location which can alter premiums substantially.
Buying cheap car insurance is difficult, and determining which companies have the cheapest car insurance rates for a Toyota Corolla in Wyoming will involve even more shopping around. Each company has their own process to establish rates, so we'll go over the car insurance companies with the most affordable rates in Wyoming.
It's important that you understand Wyoming car insurance rates are impacted by many things that will increase or decrease the price of coverage. Improving your credit rating, buying a home instead of renting, or getting a driving violation may generate price changes that may make certain companies more affordable than competitors.
Best Cheap Insurance Rates for Your Corolla
|Rank||Company||Cost Per Year|
|4||National Farmers Union||$1,010|
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USAA normally has some of the best car insurance rates in Wyoming at around $643 annually. Safeco, The Hartford, National Farmers Union, and GEICO would also make the list of some of the cheapest Wyoming insurance companies.
As depicted above, if you are insured with GEICO and switched to Safeco, you might see yearly savings of in the vicinity of $100. Insureds with State Farm may save as much as $105 a year, and Grange customers might reduce rates by $158 a year.
Bear in mind that those prices are averaged across all ages of drivers and types of vehicles and are not factoring in a specific rating modification for a Toyota Corolla. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to get rate quotes from many companies using your own individual information.
Discount Wyoming auto insurance
Insurance companies that offer quotes for a Toyota Corolla may additionally offer discounts that may potentially lower prices by as much as 30% if you can meet the requirements. Larger car insurance companies and some of the discounts are:
- Progressive may offer discounts for online signing, homeowner, good student, online quote discount, multi-policy, and continuous coverage.
- GEICO may include discounts for good student, emergency military deployment, membership and employees, military active duty, seat belt use, daytime running lights, and five-year accident-free.
- State Farm offers discounts for Steer Clear safe driver discount, Drive Safe & Save, multiple autos, driver's education, and anti-theft.
- Esurance offers premium reductions for Pac-12 alumni, good driver, online shopper, defensive driver, and online quote.
- The Hartford policyholders can earn discounts including bundle, defensive driver, vehicle fuel type, anti-theft, driver training, air bag, and good student.
The information below visualizes the comparison of insurance costs with and without discounts applied to the policy rates. The costs are based on a male driver, no tickets, no at-fault accidents, Wyoming state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, anti-theft, multiple policy, passive restraint, marriage, and homeowner discounts applied. When these discounts are applied, the average savings per year on car insurance for a Toyota Corolla is 28% or $590.
Why you should be shopping around
Wyoming car insurance rates are impacted by many things that may substantially change your annual premium. Simply turning a year older, moving to a different location, or having an at-fault accident can trigger rate changes that can make some companies much cheaper than others.
Also, companies change the rates they charge in Wyoming multiple times each year to reflect underwriting profits or losses. Heavy losses may cause rate hikes, while lower claims can result in lower-priced Corolla insurance rates.
The graph below shows rates for the cheapest car insurance in Wyoming for a 40-year-old female driver with a good driving record, no prior claims, and good credit. If we estimate rates based on her personal risk profile, USAA has the lowest car insurance rates in Wyoming at $631 a year. This is $489 less than the average price paid by Wyoming drivers of $1,120. Safeco, The Hartford, GEICO, and National Farmers Union are also on the list of the most affordable Wyoming auto insurance companies.
Now we will give the driver from the first set of rates a chargeable claim, poor credit, and a speeding citation. Since each auto insurer has their own formula to determine rates, analyzing rate quotes most likely will result in a different set of companies as shown below.
Grange now has the cheapest auto insurance in Wyoming with Safeco, The Hartford, USAA, and National Farmers Union completing the list. This example demonstrates why consumers need to perform an extensive rate comparison to find the cheapest auto insurance rates for a Toyota Corolla. Auto insurance prices can be determined by many different factors and can change substantially, so the best company the last time you shopped your coverage around may now be quite expensive.
How to find cheaper insurance for a Toyota Corolla in Wyoming
Lowering your rates is not difficult, and here are a few penny-pinching solutions that can help drivers get more affordable car insurance.
- Earn a discount by not filing claims
- Raise your physical damage coverage deductibles
- On older vehicles, drop full coverage
- Buy safe vehicles
- Save money by insuring your home and auto with the same company
- Clean up your credit rating
- Compare quotes from other companies often
The final tip is certainly significant, as was affirmed in the article above. Insurance prices can be adjusted at any time, so don't be tentative to buy a policy from a new company if you find a cheaper price. Having brand loyalty is commendable, but it's not a good idea if that dedication is costing several hundred dollars every year. If you have a few minutes, now is a great time to compare prices and find cheaper auto insurance for a Toyota Corolla.