Compare 2008 Toyota Camry Insurance Quotes

Looking for better auto insurance rates for your Toyota Camry? Overpriced Toyota Camry insurance can take a big chunk out of your personal savings and make it impossible to make ends meet. Shopping your coverage around is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket. Companies like Progressive, State Farm and Geico all claim big savings with catchy ads and it is difficult to see past the geckos and flying pigs and find the best price available.

It is always a good idea to get comparison quotes before your policy renews because rates change regularly. Just because you had the lowest rates for Camry insurance a year ago you may be paying too much now. Ignore everything you know about auto insurance because we’re going to demonstrate one of the easiest ways to get good coverage at a lower rate.

If you have a current car insurance policy or need a new policy, you can follow these tips to find better prices and possibly find even better coverage. Choosing the best insurance company for you is not rocket science. Drivers only need to know how to buy car insurance on the web.

You probably qualify for some discounts

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that can drop the cost substantially. Certain discounts will be triggered automatically at the time of purchase, but some may not be applied and must be asked for before being credited. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Student Driver Training – Require your teen driver to take driver’s ed class in high school.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Discount for Swiching Early – Select companies give a discount for switching policies prior to your current policy expiration. The savings is around 10%.
  • Federal Employees – Active or retired federal employment can save as much as 8% for Camry insurance with a few insurance companies.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • No Charge for an Accident – A handful of insurance companies permit an accident without raising rates as long as you don’t have any claims prior to the accident.

As a disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, insurance companies aren’t that generous. But all discounts will cut your premiums.

A partial list of companies that may offer some of the above discounts are:

It’s a good idea to ask each company what discounts are available to you. All car insurance discounts may not be available in your state.

Your Toyota Camry insurance rate is a complex equation

Consumers need to have an understanding of the factors that play a part in calculating the rates you pay for insurance. Understanding what influences your rates helps enable you to make changes that will entitle you to better insurance rates.

  • Multi-policy discounts can save money – The majority of insurance companies will give a discount to insureds who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, you still need to comparison shop to make sure you are getting the best deal. Consumers may find a better deal by buying insurance from a different company.
  • Credit scores impact insurance rates – Credit score is a important factor in determining what you pay for insurance. Therefore, if your credit score is lower than you’d like, you could pay less to insure your 2008 Toyota Camry by repairing your credit. Consumers who have high credit scores tend to be less risk to insure as compared to drivers with poor credit.
  • Older drivers pay less – Older drivers are more cautious drivers, statistically cause fewer accidents and are safer drivers. Young drivers have a tendency to be careless and easily distracted behind the wheel therefore insurance rates are much higher.
  • Lower rates with optional equipment – Choosing a vehicle with a theft deterrent system can get you a discount on your insurance. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
  • Liability coverage is peace of mind – Liability insurance is the coverage that protects you when a court rules you are at fault for damages caused by your negligence. It will provide for a legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.

There’s no such thing as the perfect policy

When buying the best car insurance coverage, there isn’t really a single plan that fits everyone. Every situation is different so this has to be addressed. Here are some questions about coverages that can aid in determining whether you would benefit from professional advice.

  • Do I need higher collision deductibles?
  • What if I owe more than I can insure my car for?
  • Am I covered when driving on a suspended license?
  • Do I need added coverage for expensive stereo equipment?
  • How can I get my company to pay me more for my totalled car?
  • Is there coverage for injuries to my pets?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered if my car is in a flood?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Slick advertising tricks that work

Consumers get pounded daily by advertisements for the lowest price auto insurance by State Farm, Geico and Progressive. All the ads make an identical promise about savings if you move to their company.

How can each company make the same claim?

All companies can use profiling for the right customer they prefer to insure. A good example of a preferred risk might be profiled as a mature driver, has no driving citations, and drives less than 10,000 miles a year. A customer who fits that profile will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Drivers who fall outside the “perfect” profile will be quoted higher premiums and this can result in the customer not buying. The ads state “people who switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can make those claims.

This emphasizes why drivers must get quotes from several different companies. It’s impossible to know the company that will fit your personal profile best.

Insurance coverage basics

Having a good grasp of insurance helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.

Auto liability – This coverage protects you from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as court costs, loss of income, attorney fees and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.

Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for immediate expenses like hospital visits, prosthetic devices, X-ray expenses and chiropractic care. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, theft, falling objects, a broken windshield and a tree branch falling on your vehicle. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Toyota Camry.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually these coverages are similar to your liability insurance amounts.

Collision – Collision coverage pays for damage to your Camry resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, hitting a parking meter, crashing into a building, colliding with a tree and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

What is YOUR best insurance company?

As you go through the steps to switch your coverage, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where consumers will sacrifice uninsured motorist or liability limits only to discover later that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

Cost effective 2008 Toyota Camry insurance is available from both online companies and with local insurance agents, and you should be comparing both to have the best selection. Some companies do not offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

Much more information about auto insurance can be found at the links below