Who Has the Cheapest Auto Insurance Quotes for a Toyota Corolla in Columbus?

Buying economical auto insurance for a Toyota Corolla is fairly simple, but it is dependent upon many rating criteria such as the safety rating of your vehicle, the condition of your credit, and any prior driving citations you have received. Drivers pay around $642 annually to insure their Corolla, but that price is a valuation based upon a 40-year-old married male driver with both comprehensive and collision coverage and $250 deductibles.

But there is a good chance that you are not 40 and maybe not even a male, you might be single instead of married, and maybe you want higher deductibles. Car insurance coverage is unique to each driver, so this is why the only real way to find cheap insurance prices for your Toyota is to just compare rates yourself.

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The trim level of your vehicle will likely have an effect on the cost of insurance, so the rate you will pay to insure a Corolla LE trim level will be $20 less expensive the insurance cost for the more costly Corolla XRS version, as shown by the rates below.

Toyota Corolla Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $160 $320 $234 $14 $70 $798 $67
Corolla S $160 $320 $234 $14 $70 $798 $67
Corolla XLE $160 $320 $234 $14 $70 $798 $67
Corolla XRS $180 $320 $234 $14 $70 $818 $68
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Table data represents married male driver age 40, 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. Estimates do not factor in your specific Columbus location which can decrease or increase prices significantly.

Finding a good quality car insurance company can be rather challenging considering how many choices drivers have in Columbus. The company rank data listed below may help you select which providers you want to consider purchasing a policy from.

The rankings below include the largest companies in the United States, so companies that only write business in Ohio or surrounding areas will not be included in these rankings. To get price quotes from these top insurers and more, click here.

Best Ten Auto Insurance Companies for a Toyota Corolla in Columbus
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

The chart below highlights how deductible selection can increase or decrease insurance premiums when searching for cheap insurance for a Toyota Corolla. The rates are based on a married female driver, comp and collision included, and no discounts are applied.

A 40-year-old driver could lower their car insurance rates by $210 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $316 by using a $1,000 deductible. Younger drivers, such as the Age 20 example, have the ability to save up to $516 or even more just by using higher deductibles.

If you do raise deductibles, it will be required to have enough in a savings account to be able to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

How accidents and violations affect rates

The ideal way to score affordable auto insurance prices for a Corolla is to drive carefully and avoid accidents and traffic citations. The chart below demonstrates how citations and at-fault accidents can drive up insurance prices for each age group. The costs are based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

In the example above, the average cost of a car insurance policy in Columbus per year with no accidents or violations is $1,197. Factor in one speeding ticket and the average cost hikes up to $1,349, an increase of $152 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of auto insurance for a Toyota Corolla goes up to an average of $2,762. That’s an increase of $1,565, or $130 per month, just for a couple of infractions!

Full coverage or liability only

Reducing premiums for auto insurance is the goal of the majority of people, and one of the best ways to lower the cost of insurance for a Toyota Corolla is to only pay for liability coverage. The example below visualizes the comparison of car insurance rates with full coverage and liability only. The data is based on no violations or accidents, $1,000 deductibles, single marital status, and no discounts are applied.

As an average, physical damage insurance costs an extra $1,197 per year more than just buying liability only. That proposes the question if you should buy full coverage. There is no definitive guideline to stop paying for full coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.