Finding the cheapest coverage for a Toyota Corolla is normally pretty easy, but it relies on a lot of things such as whether you are married or single, where your vehicle is garaged, and driving violations. Drivers pay around $850 each year for Corolla insurance, but that amount is an approximation calculated based on a 40-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
But there is a good chance that you aren’t exactly 40 years old or even a male, you might be married instead of single, and maybe you want different deductibles. Even a slight difference in rating variables could end up with a large change in how much insurance for a Toyota Corolla costs.
Different coverage needs are the reason why the way we recommend to find the cheapest rates for your Toyota is to put in the effort to do a thorough rate comparison. It takes less than five minutes and you will be able to see rates from some of the best insurers that offer coverage in Wisconsin.
Find Cheaper Toyota Corolla Insurance
The trim level of your vehicle has an effect on the coverage cost, so the cost to insure a Corolla LE trim level will be $24 lower than the cost to insure the more well-appointed Corolla XRS trim level, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $194 | $484 | $278 | $16 | $84 | $1,056 | $88 |
| Corolla S | $194 | $484 | $278 | $16 | $84 | $1,056 | $88 |
| Corolla XLE | $194 | $484 | $278 | $16 | $84 | $1,056 | $88 |
| Corolla XRS | $218 | $484 | $278 | $16 | $84 | $1,080 | $90 |
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium costs do not factor in specific zip code location which can modify premiums significantly.
Figuring out which companies have the cheapest insurance rates for a Toyota Corolla will require a bit more effort than just picking a company at random. Each insurance company uses a little different formula for determining prices, so let’s take a look at the insurance companies with the overall best prices in Milwaukee.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $604 |
| 2 | Partners Mutual | $626 |
| 3 | Erie | $703 |
| 4 | Rockford Mutual | $746 |
| 5 | Rural Mutual Insurance | $756 |
| 6 | Pekin Insurance | $768 |
| 7 | Nationwide | $775 |
| 8 | Western National | $777 |
| 9 | Integrity Mutual | $786 |
| 10 | Travelers | $796 |
| 11 | West Bend Mutual | $890 |
| 12 | State Farm | $923 |
| 13 | General Casualty | $926 |
| 14 | The Hartford | $950 |
| 15 | Auto Club Group | $977 |
| 16 | Progressive | $1,118 |
| 17 | American Family | $1,125 |
| 18 | Auto-Owners | $1,126 |
| 19 | Farmers | $1,130 |
| 20 | GEICO | $1,202 |
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USAA may have some of the cheapest car insurance rates in Milwaukee at around $604 a year. This is $557 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance also rank well as some of the cheapest Milwaukee, WI insurance companies.
As the rates illustrate above, if you are insured with Partners Mutual and switched to USAA, you could realize an annual savings of about $22. Wisconsin drivers with Erie could save as much as $99 a year, and Rockford Mutual policyholders might cut rates by $142 a year.
Understand that those estimates are averages across all drivers and vehicles and and are not figured with a specific location for a Toyota Corolla. So the insurer that is most affordable for your situation may not even be in the list above. That’s why you need to get rate quotes from many companies using your own individual information.
How to get discounts on Milwaukee insurance rates
Car insurance companies that offer quotes for a Toyota Corolla may provide price discounts that may potentially lower prices by as much as 40% or more if you are eligible. A list of companies and the discounts they provide are shown below.
- GEICO discounts include five-year accident-free, air bags, good student, federal employee, anti-theft, and defensive driver.
- Mercury Insurance includes discounts for location of vehicle, age of vehicle, low natural disaster claims, type of vehicle, accident-free, multi-policy, and good student.
- Farmers Insurance may offer discounts for bundle discounts, mature driver, alternative fuel, multi-car, and switch companies.
- Auto-Owners Insurance offers premium reductions for anti-theft, good student, multiple vehicles, mature driver, anti-lock brakes, teen driver, and group or association.
- Liberty Mutual has savings for newly married, safety features, preferred payment discount, new vehicle discount, teen driver discount, and newly retired.
- SAFECO offers discounts including safe driver, anti-lock brakes, drive less, teen safe driver, multi-car, bundle discounts, and accident prevention training.
- Progressive may include discounts for good student, continuous coverage, online signing, homeowner, and multi-policy.
- USAA may have discounts that include defensive driver, multi-policy, multi-vehicle, military installation, and annual mileage.
The information below illustrates the comparison of premium costs with and without discounts applied. The prices are based on a female driver, no violations or accidents, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with safe-driver, multiple policy, defensive driving course, claim-free, marriage, and accident-free discounts applied. When discounts are factored in, theaverage amount saved on insurance for a Toyota Corolla is 28% or $441.
Insurance rate increases from tickets or accidents
The ideal way to obtain cheap insurance rates in Milwaukee for a Corolla is to be a careful driver and not get tickets or have accidents. The diagram below highlights how speeding tickets and fender-benders can raise auto insurance costs for different ages of insureds. The costs are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied.
In the previous chart, the average cost of an auto insurance policy in Wisconsin per year with no accidents and a clean driving record is $1,313. Get two speeding tickets and the average cost jumps to $1,815, an increase of $502 each year. Next add two accidents along with the two speeding tickets and the annual cost of insurance for a Toyota Corolla goes up to an average of $3,618. That’s an increase of $2,304, or $192 per month, just for not being a responsible driver!
If you would rather have professional advice when buying car insurance for a Toyota Corolla, the professional agents shown below can probably provide answers to your questions and help you determine which car insurance company is the best fit.
To find an agent near you, click the button link following the list or click here to compare prices now.
- Dale G Latus Insurance
5232 W Oklahoma Ave # 215 – Milwaukee, WI 53219 – (414) 352-1118 - Allstate Insurance: Mark Stanley
3525 S 68th St – Milwaukee, WI 53220 – (414) 321-3700 - Procter Insurance Agency
2315 10th Ave – South Milwaukee, WI 53172 – (414) 762-8900 - Frank Marchan Insurance Agency, LLC
3931 S Howell Ave – Milwaukee, WI 53207 – (414) 755-4999
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How to find low-cost car insurance for a Toyota Corolla
Here are a few penny-pinching suggestions that can help you quote lower-cost car insurance.
- Speeding tickets and other violations increase rates
- Do not insure for full coverage
- Drivers with good credit often pay less
- Drive a car with a high safety rating
- Raise your physical damage coverage deductibles
- Avoid accidents and claims
- Keep rates low by comparing prices once a year
That final tip is extremely significant, as we discussed in this write-up. Prices charged by car insurance companies can be modified anytime, so drivers shouldn’t hesitate to switch carriers if you can save money.
Being loyal to a particular company is commendable, but we do not recommend it if that dedication is costing a small fortune. If you have a few minutes, now is a great time to shop around and find cheaper insurance for a Toyota Corolla in Milwaukee.