2013 Toyota Camry Insurance Cost – 8 Policy Discounts

Having to pay for overpriced insurance can take a big chunk out of your savings account and make it impossible to make ends meet. Comparing price quotes is a great way to reduce premiums and put more money in your pocket.

You have multiple insurance companies to choose from, and though it is a good thing to have multiple companies, it can be more difficult to compare rates.

Finding affordable coverage is not that difficult. Basically, anyone who shops for auto insurance should be able to find lower rates. But vehicle owners must learn the way companies determine prices and take advantage of how the system works.

How to Compare Insurance Costs

The are a couple different ways to get quotes from insurance companies in your area. The easiest way by far to find the lowest 2013 Toyota Camry rates is simply to get online rate quotes. This can be done in just a few minutes using one of these methods.

The first (and easiest) way consumers can make multiple comparisons is a comparison rater form (click to open form in new window). This easy form prevents you from having to do separate quote forms to each individual insurance company. A single form compares rates from insurance companies with the best prices.

A slightly less efficient method to shop for insurance online requires visiting the website for each individual company and complete a new quote form. For sake of this example, let’s assume you want comparison quotes from Farmers, Esurance and Geico. To find out each rate you need to visit each site and enter your policy data, and that’s why the first method is more popular.

For a handy list of car insurance company links in your area, click here.

The hardest method of comparing rate quotes is to spend time driving to local insurance agencies. The internet makes this process obsolete unless you require the professional advice that only a license agent can provide. Drivers can find lower rates online and get advice from an agent in your area and we’ll talk about that later.

It’s up to you how you get prices quotes, just be sure to compare exactly the same coverage limits and deductibles for every company. If each company quotes mixed coverages it will be next to impossible to determine which rate is truly the best. Quoting even small variations in limits may cause a big price difference. And when comparing insurance rates, know that getting more free quotes helps you find the best price.

Are you falling for claims of savings?

Companies like Allstate and Progressive consistently run ads on TV and radio. All the ads make an identical promise of big savings if you change your policy. But how can every company make almost identical claims?

All the different companies can use profiling for the driver that is profitable for them. For instance, a preferred risk might be profiled as between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. A driver who meets those qualifications will get the preferred rates and as a result will probably save quite a bit of money when switching.

Consumers who don’t qualify for the requirements will have to pay higher rates which usually ends up with the customer not buying. Company advertisements say “people who switch” not “people who quote” save that much money. That is how insurance companies can advertise the way they do. Because of the profiling, you should get quotes from several different companies. Because you never know which insurance coverage company will fit your personal profile best.

Discounts to lower Toyota Camry insurance rates

Companies don’t necessarily list all available discounts in a way that’s easy to find, so we researched both the well known as well as the least known car insurance savings.

  • Discount for Life Insurance – Larger companies have a discount if you purchase life insurance from them.
  • Low Mileage Discounts – Fewer annual miles on your Toyota could qualify for discounted rates on garaged vehicles.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and will save you 10% or more.
  • Homeowners Savings – Being a homeowner may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Save over 55 – Older drivers may be able to get a discount up to 10% for Camry insurance.
  • Auto/Home Discount – If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Accident Waiver – A handful of insurance companies allow you one accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Good Student – This discount can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like medical payments or collision. Just because it seems like all the discounts add up to a free policy, companies don’t profit that way.

A partial list of companies that may have these discounts may include but are not limited to:

Double check with every prospective company which discounts they offer. Savings may not be available everywhere.

Tailor your coverage to you

When it comes to buying adequate coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. These are some specific questions might help in determining if you might need professional guidance.

  • Is my nanny covered when driving my vehicle?
  • How do I insure my teen driver?
  • How high should deductibles be on a 2013 Toyota Camry?
  • When should I remove comp and collision on my 2013 Toyota Camry?
  • Can I drive in Mexico and have coverage?
  • Am I covered if I drive in a foreign country?
  • Why am I required to get a high-risk car insurance policy?
  • When can my company non-renew my policy?
  • Can I afford to pay high deductible claims out of pocket?
  • Do I need PIP (personal injury protection) coverage in my state?

If you can’t answer these questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Coverage specifics

Knowing the specifics of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are typical coverages found on the average insurance policy.

Comprehensive insurance – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, vandalism, falling objects, hitting a deer and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for bills for things like ambulance fees, hospital visits, surgery and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Auto liability – This coverage provides protection from injuries or damage you cause to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims such as repair costs for stationary objects, loss of income, structural damage and medical services. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

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

Collision coverage pays for things like hitting a parking meter, backing into a parked car, hitting a mailbox and sideswiping another vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Toyota Camry.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

At the end of the day…

You just learned many tips how you can shop for 2013 Toyota Camry insurance online. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even find the most savings is with a smaller regional carrier. These companies may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.

As you go through the steps to switch your coverage, don’t be tempted to sacrifice coverage to reduce premiums. In many cases, consumers will sacrifice full coverage only to regret they didn’t purchase enough coverage. Your goal should be to buy the best coverage you can find at the best price, not the least amount of coverage.

More detailed insurance information can be read by following these links: