Buying cheap coverage for a Toyota Corolla in Illinois is usually pretty straightforward, but it relies on a lot of things such as age of the driver, what you do for a living, and the level of deductible you choose. Illinois drivers pay on average $524 annually for Corolla insurance, but that price is a valuation based on a 50-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.
The problem with using this number is the good chance you are not 50 years old and maybe not even male, maybe you are single instead of married, or maybe your Corolla is old enough that it doesn’t require full coverage. Even a minor difference in the factors used in pricing a policy can result in a large change in the policy cost.
Auto insurance is not the same for everyone, so the only way to find the cheapest coverage for your Toyota is to compare as many rates as you can. Do a quick rate comparison now and you will receive price comparisons from some of the cheapest companies that insure Toyota vehicles in Illinois.
Vehicle trim level will most likely have an effect on the cost of coverage, so the rate you will pay to insure a Corolla LE will be $12 cheaper than the insurance cost for the higher-end Corolla XRS trim level, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corolla LE | $98 | $214 | $250 | $14 | $76 | $652 | $54 |
| Corolla S | $98 | $214 | $250 | $14 | $76 | $652 | $54 |
| Corolla XLE | $98 | $214 | $250 | $14 | $76 | $652 | $54 |
| Corolla XRS | $110 | $214 | $250 | $14 | $76 | $664 | $55 |
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in the specific area where the vehicle is garaged which can change premiums greatly.
Picking a highly-rated insurance company is hard considering how many choices there are in Illinois. The ranking information shown next may help you select which auto insurers you want to consider purchasing a policy from.
These rankings only include large, nationwide insurance companies, so companies with more of a regional focus are not factored into the list. If you wish to compare rates from these and other companies in Illinois, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
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Data Source: Insure.com Best Car Insurance Companies
Impact of citations and accidents on insurance rates
The common sense way to find the best car insurance rates in Chicago for a Corolla is to be an attentive driver and not get tickets or have accidents. The information below shows how traffic citations and at-fault collisions impact auto insurance rates for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of auto insurance per year with no violations or accidents is $1,635. Get written up for one speeding ticket and the average cost swells to $1,874, an increase of $239 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for a Toyota Corolla jumps again to an average of $2,566. That’s an increase of $931, or $78 per month, just for a couple of infractions!
The illustration below highlights how deductible selection can change insurance costs when quoting cheap insurance for a Toyota Corolla. The data assumes a single female driver, full physical damage coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could lower their policy premium by $278 a year by changing from a $100 deductible to a $500 deductible, or save $420 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could possibly save $718 or more just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it will now be necessary to have enough savings to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
The auto insurance agents in Chicago shown below can answer your questions and help you decide which car insurance policy is best, since lots of people like to get some professional advice when shopping around for cheaper insurance for a Corolla. It’s not always easy to find the cheapest car insurance policy, so using a licensed agent can provide you peace of mind knowing you have suitable coverage if you have an accident.
To locate a Chicago car insurance agency close to you, click the button below the list or click here to compare prices now.
Active Insurance Agency – Auto Insurance
1034 N Ashland Ave – Chicago, IL 60622 – (773) 286-3473
Riehn Insurance
4541 N Lincoln Ave – Chicago, IL 60625 – (773) 561-4200
Gus Andrade – State Farm Insurance Agent
4355 W 26th St – Chicago, IL 60623 – (773) 521-0216
Mark Yun – State Farm Insurance Agent
223 W Cermak Rd, Fl-2 – Chicago, IL 60616 – (312) 225-8311
View map of Chicago, IL insurance agents
How to find economical auto insurance for a Toyota Corolla
Below you’ll find a few thrifty solutions that can help you get lower-cost coverage.
- Buy safe vehicles
- Avoid accidents and claims
- Raise comprehensive and collision coverage deductibles
- Higher credit scores can equal lower rates
- On older vehicles, drop full coverage
- Violations and traffic tickets increase rates
- Comparison shop at least every other year
That last piece of advice is incredibly significant, as we pointed out in the prior article. Prices charged by car insurance companies in Chicago can change in a short period of time, so drivers shouldn’t hesitate to change insurance companies if a cheaper rate is available. Many consumers stick with the same company and that’s fine, but it’s not a good idea if that dedication is costing money that could be used for better things. Take a couple minutes and compare rates and find cheaper car insurance for a Toyota Corolla.