2018 Toyota Camry Insurance Cost

No car owner likes having to buy insurance coverage, particularly when the prices are way too high. Companies like State Farm, Progressive and Geico continually hit you with advertising and it is difficult to ignore the propoganda and take the time to shop coverage around.

It is always a good idea to do rate comparisons on a regular basis because insurance prices trend upward over time. Just because you had the lowest rates on Camry coverage last year you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about insurance coverage out there, but in this article, you’re going to get the easiest ways to quit paying high insurance coverage rates.

Toyota Camry insurance rate factors

A large part of saving on insurance is knowing some of the factors that aid in calculating the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that could help you find much lower annual insurance costs.

Shown below are just a few of the factors utilized by car insurance companies to help set your rates.

  • Better drivers pay lower prices – Your driving citation history has a big impact on rates. Careful drivers get better rates than people who have multiple driving citations. Just one speeding ticket or other violation can increase the cost of insurance by twenty percent. Drivers who have gotten dangerous citations like DUI or willful reckless driving are required to file a proof of financial responsibility form (SR-22) with their state DMV in order to drive a vehicle legally.
  • Teenage drivers pay high premiums – More mature drivers are shown to be more cautious, statistically cause fewer accidents and are safer drivers.Youthful drivers have a tendency to be careless and easily distracted in a vehicle so they pay higher insurance rates.
  • Low physical damage deductibles can be expensive – Physical damage deductibles tell how much you are required to spend out-of-pocket in the event of a claim. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of some claims that would be covered would be colliding with a stationary object, animal collisions, or theft of your vehicle. The larger the amount you pay before a claim is paid (deductible), the less your company will charge you for insurance on Camry coverage.
  • Save by driving less – The more you drive every year the higher your rate. A lot of companies calculate rates based on how the vehicle is used. Autos that sit idle most of the time can get a lower rate than those used for commuting. Verify your declarations sheet shows the proper vehicle usage. Having the wrong rating on your Camry can result in significantly higher rates.
  • Only buy extra policy coverages you need – There are a ton of extra coverages that you can get tricked into buying if you aren’t careful. Insurance for replacement cost coverage, accidental death, and membership fees are probably not needed. They may sound like good ideas when you first buy your policy, but your needs may have changed so think about removing them and cutting costs.
  • Your car’s features help determine prices – Choosing to buy a car with anti-theft technology or alarm system can help lower your premiums. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all help stop vehicle theft.

Compare car insurance rate quotes online

Many insurance companies like Progressive, Geico, Allstate and State Farm make it easy to get prices for coverage from their websites. This process is pretty easy because it’s just a matter of typing in your coverage information as detailed in the form. After the form is submitted, the company’s rating system will obtain your credit score and driving record and quotes a price based on these and other factors. Quoting online makes it simple to compare prices but the process of having to visit each company’s website and repetitively type in the same information is repetitive and time-consuming. But it’s absolutely necessary to compare as many rates as possible if you want to find lower prices.

Isn’t there an easier way to compare rates?

A better way to find cheaper rates uses one simple form to get prices from a lot of companies. It saves time, eliminates repetitive work, and makes rate comparisons a little more enjoyable. As soon as the form is sent, it gets priced and you can choose any one of the resulting price quotes.

If a lower price is quoted, you simply finish the application and purchase coverage. This process only takes a few minutes and may result in a nice savings.

If you want to find out how much you’re overpaying now, click here to open in new window and input your coverage information. If you currently have coverage, we recommend you duplicate the coverage information just like they are on your policy. This makes sure you will get rate quotes for exact coverage.

Do you qualify for discounts?

Auto insurance can be pricey, but you might be missing out on some discounts that you may not know about. Some discounts will apply at the time of purchase, but a few need to be manually applied before you get the savings.

  • Discounts for Federal Employees – Federal government employees could cut as much as 10% off on Camry coverage but check with your company.
  • Clubs and Organizations – Being a member of specific professional or occupational memberships or organizations is a simple method to lower premiums on your bill.
  • Defensive Driver Discounts – Participating in a driver safety course could earn you a small percentage discount if you qualify.
  • 55 and Retired – If you qualify as a senior citizen, you can get a slight reduction on a car insurance quote on Camry coverage.
  • Home Ownership Discount – Simply owning a home may earn you a small savings since home ownership requires personal responsibility.
  • Telematics Devices – Insureds that choose to allow their auto insurance company to track their driving habits by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive may see discounts if they have good driving habits.
  • Driver’s Education for Students – Teen drivers should sucessfully take a drivers education course in high school.
  • Early Switch Discount – A few auto insurance companies give discounts for buying a policy early. You may see this discount when you get car insurance quotes online.
  • Discount for New Cars – Buying insurance coverage on a new vehicle can save you some money since newer vehicles have better safety ratings.

A little disclaimer on discounts, most discount credits are not given to the entire cost. Most cut specific coverage prices like comp or med pay. So even though they make it sound like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

Larger auto insurance companies and their possible discounts can be found below.

  • Progressive offers discounts including continuous coverage, online quote discount, good student, homeowner, multi-policy, and multi-vehicle.
  • AAA may have discounts that include multi-car, pay-in-full, AAA membership discount, good student, and anti-theft.
  • Farmers Insurance may offer discounts for switch companies, bundle discounts, youthful driver, homeowner, teen driver, and alternative fuel.
  • Geico has discounts for military active duty, federal employee, emergency military deployment, air bags, five-year accident-free, and multi-policy.
  • Esurance has savings for online shopper, anti-lock brakes, homeowner, safety device, Switch & Save, paid-in-full, and claim free.
  • SAFECO offers discounts for anti-theft, anti-lock brakes, homeowner, teen safe driver, bundle discounts, teen safety rewards, and multi-car.
  • State Farm includes discounts for Steer Clear safe driver discount, passive restraint, anti-theft, good student, and Drive Safe & Save.

It’s a good idea to ask every company which discounts you qualify for. Savings may not apply in your area. To see providers who offer auto insurance discounts, follow this link.

Don’t assume everyone needs the same car insurance coverage

When buying coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that can help discover whether your personal situation might need professional guidance.

  • How can I get high-risk coverage after a DUI?
  • What are the financial responsibility laws in my state?
  • Does insurance cover tools stolen from my truck?
  • Is my teen driver covered when they drive my company car?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Is motorclub coverage worth it?
  • Does having multiple vehicles earn me a discount?
  • What if I total my 2018 Toyota Camry and owe more than it’s worth?
  • How can I find cheaper teen driver insurance?
  • Do I really need UM/UIM coverage?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance policy specifics

Knowing the specifics of your policy can help you determine appropriate coverage for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the normal coverages offered by insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2018 Toyota Camry.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, damage from getting keyed and damage from flooding. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Auto liability insurance – Liability insurance provides protection from injuries or damage you cause to people or other property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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 commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as emergency aid, repair costs for stationary objects, bail bonds and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like pain medications, doctor visits, X-ray expenses and nursing services. They are used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision – Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as damaging your car on a curb, sustaining damage from a pot hole and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Quote more, save more

In this article, we covered many ideas to compare 2018 Toyota Camry insurance premium rates online. The key concept to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the most savings is with a small local company. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like Geico and State Farm.

When shopping online for insurance, do not buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The proper strategy is to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

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