How Much Does 2003 Toyota Camry Solara Insurance Cost?

Are you a victim of an overpriced auto insurance policy? Trust us when we tell you many consumers feel financially strained by their auto insurance policy. Big companies like Geico, 21st Century and Progressive continually bombard you with advertising and consumers find it hard to ignore the propoganda and take the time to shop coverage around.

The best way to compare rate quotes is to realize all the major auto insurance companies participate in a system to give free rates quotes. All you need to do is give the companies some data including if you require a SR-22, what you do for a living, any included safety features, and if you lease or own. Your rating data is instantly sent to multiple insurance providers and you will receive price estimates instantly to find the best rate.

Policy discounts you shouldn’t miss

Car insurance companies don’t necessarily list every discount in an easy-to-find place, so the following is a list of both well-publicized and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit available, you are paying more than you should be.

  • Service Members Pay Less – Being deployed with a military unit could be rewarded with lower premiums.
  • Low Mileage – Fewer annual miles on your Toyota can qualify you for a substantially lower rate.
  • New Car Discount – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
  • Defensive Driver – Taking a defensive driving course can save you 5% or more and easily recoup the cost of the course.
  • Safe Drivers – Insureds without accidents may save up to 50% more for Camry Solara coverage than less cautious drivers.
  • No Claims – Drivers with accident-free driving histories can earn big discounts when compared to drivers who are more careless.
  • Homeowners Discount – Owning a home can save you money due to the fact that maintaining a home shows financial diligence.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy can get a discount on all vehicles.
  • Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.

Keep in mind that most of the big mark downs will not be given to your bottom line cost. Most only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like you could get a free insurance coverage policy, companies don’t profit that way.

A partial list of companies that possibly offer these discounts include:

Before buying, ask each company how you can save money. Some discounts might not apply in your state.

Complexity of Toyota Camry Solara insurance rates

It’s important that you understand the rating factors that play a part in calculating the rates you pay for insurance coverage. Having a good understanding of what controls the rates you pay enables informed choices that will entitle you to much lower annual insurance costs.

Shown below are a few of the “ingredients” insurance coverage companies consider when setting prices.

  • Men pay higher rates – The statistics show that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Both sexes cause accidents in similar numbers, but the males have costlier accidents. They also receive more costly citations like DUI and reckless driving. Young males are several times more likely to be in an accident and thus pay the highest rates.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Toyota earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Rate your vehicle for proper use – Driving more miles each year the higher your rate. Most companies charge to insure your cars determined by how the vehicle is used. Vehicles left parked in the garage can get a lower rate compared to those used for work or business. Make sure your insurance coverage coverage shows the proper vehicle usage, because it can save money. If your policy improperly rates your Camry Solara can result in significantly higher rates.
  • How many coverages with the same company – Some insurance companies will give a discount to insureds who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare rates to make sure you are getting the best deal.
  • Rates may be higher depending on your occupation – Did you know your occupation can influence how much you pay for insurance coverage? Careers like doctors, business owners and financial analysts tend to have higher average rates attributed to high stress levels and lots of time spent at work. Conversely, professions such as pilots, engineers and performers receive lower rates for Camry Solara coverage.
  • How credit affects insurance coverage rates – A driver’s credit history is a huge factor in determining what you pay for insurance coverage. So if your credit rating is not that good, you could save money insuring your 2003 Toyota Camry Solara by repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than drivers who have lower credit scores.
  • Special features that cut premiums – Driving a car that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
  • Claim-free discounts can add up – Car insurance companies give lower rates to policyholders who do not file claims often. If you frequently file small claims, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is designed for larger claims.

Insurance agents can help

When choosing adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different so your insurance needs to address that. These are some specific questions could help you determine if your situation would benefit from professional advice.

  • Are rental cars covered under my policy?
  • Is my ex-spouse still covered by my policy?
  • How do I insure my teen driver?
  • Can I get a multi-policy discount?
  • Does car insurance cover theft of personal property?
  • What is the difference between comprehensive and collision coverage?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

How can State Farm and Allstate save drivers who switch?

Drivers constantly see and hear ads for car insurance savings by State Farm and Allstate. They all seem to make the same claim that you’ll save big if you move to their company.

But how can every company say the same thing? This is how they do it.

All companies are able to cherry pick for the type of customer they prefer to insure. A good example of a desirable insured might be a mature driver, has no driving citations, and has a high credit rating. A propective insured who meets those qualifications will get the preferred rates and therefore will pay quite a bit less when switching companies.

Consumers who don’t qualify for the requirements will be quoted a more expensive rate which leads to the customer not buying. The ads state “customers that switch” not “people who quote” save that much. That is how companies can advertise the savings. This emphasizes why drivers must compare many company’s rates. You cannot predict which insurance companies will give you the biggest savings on Toyota Camry Solara insurance.

The coverage is in the details

Knowing the specifics of auto insurance helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average auto insurance policy.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for expenses for pain medications, nursing services and ambulance fees. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Comprehensive coverage

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, fire damage, hitting a bird and damage from flooding. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision insurance

Collision insurance will pay to fix damage to your Camry Solara caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with another moving vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Auto liability

This coverage provides protection from injuries or damage you cause to a person or their property in an accident. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against claims such as repair costs for stationary objects, repair bills for other people’s vehicles and medical expenses. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Toyota Camry Solara.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Get your money’s worth

We just presented a lot of ways to save on 2003 Toyota Camry Solara insurance. The most important thing to understand is the more companies you get rates for, the better likelihood of reducing your rate. Consumers could even find that the lowest priced insurance comes from some of the smallest insurance companies. They often have lower prices on specific markets than their larger competitors like Progressive or Geico.

When shopping online for insurance, you should never skimp on coverage in order to save money. In many cases, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at the best price while still protecting your assets.

For more information, link through to the resources below: