Cheap 2014 Toyota Camry Hybrid Insurance Rates

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us, you’re not alone.

Drivers have so many insurance companies to purchase coverage from, and even though it’s nice to have a selection, it can be more challenging to find the best rates for your vehicles.

Smart consumers take time to get comparison quotes once or twice a year due to the fact that insurance rates change regularly. If you had the best deal on Camry Hybrid insurance last year a different company probably has better rates today. So forget all the misinformation about insurance because it’s time to teach you the tricks you need to know to save on insurance.

The purpose of this post is to help you learn how to get online quotes and some money-saving tips. If you currently have a car insurance policy, you should be able to cut costs considerably using these tips. But vehicle owners need to learn the way insurance companies price insurance differently and apply this information to your search.

What determines your Toyota Camry Hybrid insurance premium

It’s important that you understand the factors that play a part in calculating the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that can help you get big savings.

Shown below are some of the items that factor into your rates.

  • Your location affects your rates – Being located in a rural area can save you money when buying auto insurance. Fewer drivers means fewer accidents and a lower car theft rate. Drivers who live in large cities tend to have traffic congestion and much longer commute distances. Longer commute distances means more change of being in an accident.
  • Being married can save on auto insurance – Getting married actually saves money on your policy. Having a spouse usually means you are more responsible and statistics show married drivers get in fewer accidents.
  • Do you have enough liability coverage? – Liability coverage is the coverage that protects you in the event that you are found to be at fault for damages from an accident. It will provide legal defense up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so do not skimp.
  • Extra coverages can waste money – There are quite a few extra bells and whistles you can purchase on your auto insurance policy. Insurance for vanishing deductibles, better glass coverage and motor club memberships may be costing you every month. These may sound like a good investment at first, but if you don’t need them eliminate the coverages to reduce your premium.
  • Teen drivers pay high rates – Teen drivers have a tendency to get distracted easily when behind the wheel so they pay higher auto insurance rates. Older insureds are more responsible, tend to file fewer claims and receive fewer citations.
  • Males pay more for insurance – Statistics have proven women tend to be less risk to insure than men. However, this does not mean women are better drivers. They both have accidents in similar percentages, but men have costlier accidents. Men also get cited for more serious violations like DUI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.
  • Low deductibles can be expensive – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Toyota. Examples of covered claims are running into the backend of another car, damage from fire, and burglary. The deductibles are how much you are willing to pay out-of-pocket in the event of a claim. The more you’re willing to pay, the bigger discount you will receive on Camry Hybrid insurance.

How to Compare Auto Insurance Costs

There are multiple methods to shop for 2014 Toyota Camry Hybrid auto insurance, and some are more efficient than others. You could waste time talking to insurance agencies in your area, or you can utilize the web to get rate comparisons in just a few minutes.

Most of the best insurance companies are enrolled in a marketplace that allows shoppers to only type in their quote data once, and every company provides a quote based on the submitted data. This prevents consumers from doing quote requests for each company.

To participate in this free quote system, click to open in new window.

The single downside to using this type of form is you cannot specify which providers to get pricing from. So if you prefer to pick specific insurance companies to receive pricing from, we have a listing of low cost auto insurance companies in your area. View list of insurance companies.

Which method you use is up to you, but compare apples-to-apples coverage limits on every quote. If your comparisons have different values for each quote then you won’t be able to decipher which rate is best. Slightly different coverages can mean a large discrepancy in price. And when comparing auto insurance rates, know that getting more free quotes provides better odds of finding the best offered rates.

How to reduce 2014 Toyota Camry Hybrid insurance rates

Insuring your vehicles can cost a lot, but you may find discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you quote, but some must be requested specifically before you get the savings.

  • One Accident Forgiven – Certain companies allow you one accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Senior Citizens – If you’re over the age of 55, you may qualify for a discount up to 10% on Camry Hybrid insurance.
  • Student in College – Children who are attending college and do not have access to a covered vehicle can receive lower rates.

A little note about advertised discounts, most discounts do not apply the the whole policy. A few only apply to individual premiums such as comprehensive or collision. So even though it sounds like having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount will reduce the amount you have to pay.

A partial list of companies who might offer some of the above discounts include:

Check with all companies you are considering what discounts are available to you. Some discounts might not apply in every state.

Tailor your coverage to you

When choosing proper insurance coverage, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine whether you may require specific advice.

  • How can I get high-risk coverage after a DUI?
  • Is my babysitter covered when using my vehicle?
  • Do I pay less if my vehicle is kept in my garage?
  • Does coverage extend to my business vehicle?
  • What is the difference between comprehensive and collision coverage?
  • Should I buy additional glass protection?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Learn about insurance coverages for a Toyota Camry Hybrid

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average insurance policy.

Coverage for liability

Liability coverage can cover damages or injuries you inflict on a person or their property. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as bail bonds, repair costs for stationary objects and court costs. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like falling objects, rock chips in glass and damage from flooding. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance

Med pay and PIP coverage provide coverage for short-term medical expenses like ambulance fees, prosthetic devices, EMT expenses and funeral costs. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

This coverage covers damage to your Camry Hybrid caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sideswiping another vehicle, hitting a parking meter, rolling your car, damaging your car on a curb and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

UM/UIM Coverage

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your 2014 Toyota Camry Hybrid.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits do not exceed the liability coverage limits.

Save your cold hard cash

Cost effective 2014 Toyota Camry Hybrid insurance can be bought online in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

You just learned a lot of information how to lower your insurance rates. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest priced insurance coverage comes from the smaller companies. Smaller companies often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.

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