2006 Toyota Camry Insurance Cost – 7 Tips for Cheapest Prices

Want lower auto insurance rates for your Toyota Camry? Feel like you’re a prisoner to high-priced auto insurance? Trust us, you’re not the only one.

Big companies like Geico, 21st Century and Progressive continually bombard you with TV and radio ads and it can be hard to not get sucked in by the cute commercials and take the time to shop coverage around.

It is always a good idea to check auto insurance prices quite often because insurance prices change quite often. Just because you had the best quotes for Camry coverage a year ago there is a good chance you can find better rates now. Block out anything you think you know about auto insurance because you’re about to learn the right way to properly buy coverages while reducing your premium.

The method we recommend to compare car insurance rates utilizes the fact most insurance companies participate in a system to give free rates quotes. To get started, all you need to do is spend a couple of minutes providing details such as your occupation, if you’re married, any included safety features, and distance driven. Those rating factors gets sent immediately to multiple insurance providers and they provide comparison quotes immediately.

Seven discounts to earn affordable auto insurance rates

Insuring your fleet can be pricey, but you can get discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time of quoting, but a few need to be manually applied before being credited.

  • Save with More Vehicles Insured – Buying insurance for multiple cars on one policy may reduce the rate for each vehicle.
  • One Accident Forgiven – This one isn’t a discount, but some insurance companies will allow you to have one accident before your rates go up so long as you are claim-free for a certain period of time.
  • Drive Less and Save – Maintaining low annual mileage can earn cheaper prices.
  • Discounts for Seat Belt Usage – Requiring all passengers to fasten their seat belts could cut 10% or more on medical payment and PIP coverage.
  • Policy Bundle Discount – If you can bundle your homeowners and auto insurance with the same insurance company you could get a discount of up to 20% and get you low cost insurance.
  • Active Service Discounts – Having an actively deployed family member may lower your premium rates slightly.
  • Online Discount – A few auto insurance companies will give a small break for buying a policy and signing up on the web.

As a sidenote, some credits don’t apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think you could get a free auto insurance policy, companies don’t profit that way.

Large auto insurance companies and some of the discounts include:

  • State Farm has savings for good student, driver’s education, defensive driving training, anti-theft, Steer Clear safe driver discount, and accident-free.
  • Farmers Insurance offers discounts for multi-car, early shopping, distant student, bundle discounts, mature driver, homeowner, and teen driver.
  • Progressive may offer discounts for continuous coverage, multi-vehicle, good student, online signing, homeowner, and online quote discount.
  • Geico has discounts for multi-vehicle, seat belt use, anti-theft, emergency military deployment, and federal employee.
  • Auto-Owners Insurance discounts include company car, anti-theft, air bags, mature driver, multiple vehicles, safe driver, and safe vehicle.
  • The Hartford offers discounts including driver training, bundle, vehicle fuel type, good student, and defensive driver.
  • Farm Bureau offers premium reductions for safe driver, multi-vehicle, 55 and retired, youthful driver, and driver training.
  • USAA policyholders can earn discounts including defensive driver, family discount, annual mileage, safe driver, multi-policy, loyalty savings, and driver training.

When getting free insurance quotes, it’s a good idea to each company which discounts can lower your rates. Some discounts may not be offered everywhere.

Tailor your car insurance coverage to you

When it comes to buying coverage, there really is no one size fits all plan. Every insured’s situation is different so this has to be addressed. For instance, these questions can help discover if your insurance needs may require specific advice.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Can I get a multi-policy discount?
  • How much can I save by bundling my policies?
  • Is rental equipment covered for theft or damage?
  • Do I need rental car coverage?
  • What is high-risk coverage and where do I buy it?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Car insurance 101

Understanding the coverages of insurance aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average insurance policy.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your 2006 Toyota Camry.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Collision coverage protection

This coverage covers damage to your Camry resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as colliding with another moving vehicle, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a deer, damage from a tornado or hurricane, damage from getting keyed, a tree branch falling on your vehicle and a broken windshield. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as EMT expenses, rehabilitation expenses and ambulance fees. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Liability auto insurance

This coverage will cover injuries or damage you cause to other’s property or people. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things like repair costs for stationary objects, repair bills for other people’s vehicles and attorney fees. How much coverage you buy is a personal decision, but buy higher limits if possible.