What Insurance is Cheapest for a Toyota Corolla in Seattle?

Buying cheap auto insurance for a Toyota Corolla hinges on a very complex rating algorithm that uses multiple factors such as your marital status, where you live, and your choice of deductibles. Drivers will pay around $686 per year for Corolla insurance, but that is an estimate based on a 50-year-old single female driver with full physical damage coverage and $1,000 deductibles.

But there is a good chance that you may not be 50 years old (or even female), you might be married instead of single, or maybe you don’t qualify for the same discounts. Have just a small change in the factors used in pricing a policy can result in a large change in the cost of insuring your Corolla.

Not everyone needs the same coverages, so the only real way to find affordable rates for your Toyota is to compare rates from as many companies as possible.

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The trim level of your Corolla has an effect on the insurance rate, so the price you will pay to insure a Corolla LE trim level will be $14 cheaper than the insurance cost for the more costly Corolla XRS model, as demonstrated by the prices below.

Toyota Corolla Insurance Rates in Seattle, WA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corolla LE $122 $278 $334 $20 $100 $854 $71
Corolla S $122 $278 $334 $20 $100 $854 $71
Corolla XLE $122 $278 $334 $20 $100 $854 $71
Corolla XRS $136 $278 $334 $20 $100 $868 $72
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Table data does not factor in specific Seattle garaging location which can modify price quotes considerably.

Determining which companies quote the cheapest car insurance rates for a Toyota Corolla takes more time than just comparing rates from one or two companies. Every insurance provider has their own unique process to set their prices, so let’s take a look at the car insurance companies that tend to be cheaper in Seattle, WA.

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Cheapest Washington car insurance ranked by price
Rank Company Cost Per Year
1 Capital $784
2 Grange $813
3 Nationwide $981
4 PEMCO $1,004
5 Travelers $1,008
6 Mutual Enumclaw $1,054
7 USAA $1,060
8 The Hartford $1,080
9 California Casualty $1,105
10 Allied $1,109
11 Chubb $1,116
12 State Farm $1,130
13 Safeco $1,180
14 American Family $1,208
15 Amica $1,256
16 Liberty Mutual $1,270
17 Farmers $1,315
18 Progressive $1,465
19 National General $1,495
20 MetLife $1,647
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Capital offers some of the best car insurance rates in Seattle at around $784 each year. Grange, Nationwide, PEMCO, and Travelers also rank well as some of the best Seattle, WA car insurance companies.

As the rates illustrate above, if you buy coverage from Nationwide and switched to Capital, you might see a yearly price reduction of around $197. Drivers with PEMCO may save as much as $220 a year, and Travelers customers might lower prices by $224 a year.

To see how much you can save, click here to begin a quote or click several companies below for low rates.

It’s important to note that these premiums are averages for all drivers and vehicles and do not factor in an exact location for a Toyota Corolla. So the insurer that can offer the best rates 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 driver information and specific vehicle type.

Illustration showing the impact of accidents and violations

The obvious way to earn good car insurance prices for a Corolla is to be a safe driver and avoid accidents and violations. The illustration below highlights how speeding tickets and fender-benders can increase insurance premiums for different age groups. The premiums are based on a single male driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

In the previous example, the average cost of auto insurance in Washington per year with a clean driving record and no accidents is $1,752. Get one speeding ticket and the average cost hikes up to $1,974, an increase of $222 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for a Toyota Corolla increases to an average of $2,602. That’s an increase of $850, or $71 per month, just for not maintaining a clean driving record!

Full coverage or liability only

Paying a lower price for car insurance is probably important to the majority of people, and one way to find cheaper insurance for a Toyota Corolla is to buy only liability coverage. The example below shows the difference between yearly insurance costs with liability coverage only compared to full coverage. The premiums are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Averaged out for all age groups, full coverage costs $1,548 per year over having just liability coverage. That may make you wonder when is it a good idea to stop buying full coverage. There is no clear-cut formula of when to eliminate physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

There are some situations where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.

The information below shows how different deductible levels can raise or lower insurance prices when quoting cheap insurance for a Toyota Corolla. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are factored in.

As shown above, a 40-year-old driver could save $330 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $494 by selecting a $1,000 deductible. Young drivers, like the Age 20 category, can cut up to $1,092 or even more just by using higher deductibles.

When using a larger deductible, it’s a good idea to have spare funds to be able to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.