How Much Does 2017 Toyota Camry Insurance Cost?

Buyers have lots of choices when searching for low-cost Toyota Camry insurance. They can either spend hours contacting agents getting price quotes or save time using the internet to get rate quotes.

There are both good and bad ways to find auto insurance online so we’re going to tell you the quickest way to get price quotes for a Toyota and locate the lowest price either online or from local insurance agents.

The purpose of this post is to let you in on the best way to quote coverages and some tricks to saving. If you have car insurance now, you stand a good chance to be able to cut costs considerably using this strategy. Drivers just need to learn the most efficient way to compare rates over the internet.

How much does car insurance cost?

There are several ways you can shop for car insurance and some are less time-consuming than others. You can spend countless hours talking about coverages with agents in your area, or you could use the web to get rates in a matter of minutes.

All the larger companies take part in a program that allows shoppers to submit one quote, and each company then gives them pricing based on that data. This system prevents you from having to do quote forms for every car insurance company. To get comparison pricing now click to open in new window.

The only drawback to getting quotes like this is that consumers can’t choose which companies to receive prices from. If you wish to select from a list of companies to request quotes from, we put together a list of companies who write car insurance in your area. Click here for list of insurance companies.

The approach you take is up to you, just be sure to compare identical information for each comparison quote. If you have different limits and deductibles on each one it’s impossible to determine the lowest rate for your Toyota Camry.

Save with these premium-slashing discounts

Companies offering auto insurance don’t always advertise every discount they offer very well, so we break down a few of the more common and the more hidden discounts that may be available.

  • Use Seat Belts – Forcing all vehicle occupants to buckle up before driving can save a little off PIP or medical payments premium.
  • Active Service Discounts – Being on active deployment in the military may lower your premium rates slightly.
  • Clubs and Organizations – Being a member of specific professional or occupational memberships or organizations is a good way to get lower rates when shopping for auto insurance.
  • Theft Deterent System – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
  • Passive Restraint Discount – Factory air bags or motorized seat belts can qualify for discounts of more than 20%.
  • Defensive Driving Course – Completing a course in driver safety could cut 5% off your bill if your company offers it.
  • Save with a New Car – Buying a new car instead of a used car can cost up to 25% less compared to insuring an older model.
  • Senior Citizen Rates – Older drivers may receive a discount up to 10% for Camry insurance.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course as it will make them better drivers and lower rates.

A quick disclaimer, most credits do not apply to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. If you do the math and it seems like you can get free auto insurance, you won’t be that lucky.

Large auto insurance companies and a partial list of their discounts include:

  • Geico may have discounts that include driver training, five-year accident-free, daytime running lights, good student, and defensive driver.
  • Auto-Owners Insurance may offer discounts for safe driver, group or association, paperless, student away at school, teen driver, and anti-theft.
  • American Family includes discounts for Steer into Savings, defensive driver, good student, air bags, accident-free, early bird, and good driver.
  • Esurance offers discounts including claim free, anti-theft, defensive driver, Pac-12 alumni, anti-lock brakes, and multi-policy.
  • Progressive has discounts for online signing, online quote discount, homeowner, multi-vehicle, good student, continuous coverage, and multi-policy.
  • State Farm has savings for passive restraint, good student, good driver, student away at school, multiple policy, and anti-theft.
  • AAA offers premium reductions for education and occupation, good student, good driver, multi-policy, pay-in-full, and AAA membership discount.

It’s a good idea to ask all companies you are considering how you can save money. Some of the discounts discussed earlier may not be offered in your area. To see a list of providers that have a full spectrum of discounts, click here.

Do I need special coverages?

When it comes to choosing the right insurance coverage, there really is no one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can help discover if your insurance needs might need professional guidance.

  • How much liability insurance is required?
  • When should I not file a claim?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Are my friends covered when driving my car?
  • Am I covered when driving on a suspended license?
  • Can I rate high risk drivers on liability-only vehicles?
  • Can my babysitter drive my car?
  • I have health insurance so do I need medical payments coverage?
  • Is my teen driver covered when they drive my company car?
  • Do I need replacement cost coverage?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Components of your Toyota Camry insurance rates

When buying insurance coverage it’s important to understand the rating factors that play a part in calculating your insurance coverage rates. When consumers understand what controls the rates you pay, this helps enable you to make changes that could result in better insurance coverage rates. Many factors are part of the calculation when quoting car insurance. Some factors are common sense such as your driving record, although some other factors are less obvious such as whether you are married and annual miles driven.

The list below includes some of the factors companies use to determine your prices.

  • Multiple policies with one company can save – The majority of companies afford lower prices to clients that have more than one policy in the form of a multi-policy discount. The amount of the discounts can be ten or even fifteen percent. Even though this discount sounds good, drivers will still want to comparison shop to make sure you are getting the best deal. Consumers may save more without the discount by buying from different companies
  • A insurance coverage policy lapse can increase prices – Driving with no insurance is illegal and companies may charge more for letting your coverage cancel without a new policy in place. And not only will your rates increase, not being able to provide proof of insurance will get you a revoked license or a big fine.
  • Your address can influence rates – Choosing to live in areas with lower population has definite advantages when it comes to insurance coverage. Less people living in that area translates into fewer accident claims as well as less vandalism and auto theft. Drivers who live in large cities tend to have congested traffic and higher rates of accident claims. The longer drive time translates into higher accident risk.
  • Premiums are high for teenagers – Older insureds tend to be more responsible, statistically cause fewer accidents and tend to be get fewer driving tickets.Young drivers have been known to be careless and easily distracted when driving therefore insurance coverage rates are much higher.
  • Costs impacted by vehicle usage – The higher the miles on your Toyota each year the higher your rate. A lot of companies rate vehicles based upon how you use the vehicle. Autos that sit idle most of the time get more affordable rates as compared to vehicles used primarily for driving to work. Incorrect rating for your Camry may be costing you. It’s a good idea to make sure your insurance coverage coverage states annual mileage, because it can save money.
  • Policy add-ons may not be needed – Insurance companies have many additional coverages that you can get tricked into buying if you aren’t diligent. Coverages for rental car reimbursement, towing, and term life insurance are some examples. These coverages may sound good initially, but if you don’t need them remove them from your policy.

Drivers who switch save $494 a year? Really?

Consumers constantly see and hear ads that claim the cheapest car insurance rates by Allstate and Progressive. All the companies tend to make the same promise of big savings if you change your coverage to them.

How does every auto insurance company charge lower premium rates? Here is the trick they use.

Many companies have specific characteristics for the right customer that earns them the highest profit. An example of a preferred risk might be a married female, owns their home, and does not commute to work. Anyone who meets those qualifications will probably get cheap car insurance rates and will probably save a lot of money.

Insureds who don’t meet this ideal profile will see higher prices and the customer buying from someone else. Company advertisements say “drivers that switch” not “everybody who quotes” save that much money. This is how companies can truthfully make those claims.

This illustrates why drivers should do a quote comparison often. Because you cannot predict which insurance companies will have the lowest rates.

Car insurance coverages for a 2017 Toyota Camry

Knowing the specifics of a car insurance policy can help you determine the best coverages and the correct deductibles and limits. Car insurance terms can be confusing and nobody wants to actually read their policy.

Coverage for liability

Liability insurance will cover damage or injury you incur to other’s property or people. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things like pain and suffering, bail bonds and loss of income. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

Coverage for medical expenses

Med pay and PIP coverage kick in for expenses for things like doctor visits, nursing services, EMT expenses and chiropractic care. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Toyota Camry.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are identical to your policy’s liability coverage.

Comprehensive car insurance

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hail damage, falling objects, theft and damage from getting keyed. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage

Collision coverage covers damage to your Camry caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as hitting a mailbox, sustaining damage from a pot hole, damaging your car on a curb, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

One last thing about your coverage

People who switch companies do it for any number of reasons including not issuing a premium refund, questionable increases in premium, delays in paying claims or even policy non-renewal. It doesn’t matter why you want to switch switching car insurance companies is easier than you think.

As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced liability limits or collision coverage and discovered at claim time that it was a big error on their part. The ultimate goal is to buy enough coverage at the best cost but still have enough coverage for asset protection.

The cheapest 2017 Toyota Camry insurance can be bought on the web and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some car insurance companies may not provide the ability to get quotes online and these small insurance companies provide coverage only through independent agents.

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