Proven Strategies to Lowering Your Toyota Camry Insurance Rates

Locating cheaper insurance for a Toyota Camry can turn out to be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to compare auto insurance rates so you’re going to learn the proper way to quote coverages for a new or used Toyota and obtain the lowest price from both online companies and local agents.

It’s smart to compare rates quite often since rates are variable and change quite frequently. Despite the fact that you may have had the best deal two years ago there may be better deals available now. So block out anything you think you know about auto insurance because you’re going to get a crash course in the best way to remove unneeded coverages and save money.

Camry Insurance Compared

Most companies quote prices for coverage on their websites. This process is pretty painless as you just type in your coverage information into the quote form. When the form is submitted, the system requests credit information and your driving record and quotes a price.

Quoting online simplifies rate comparisons, but the time required to go to a lot of sites and type in the same information can get tiresome after awhile. But it’s very important to perform this step if you are searching for the lowest price.

Isn’t there an easier way to compare rates?

An easier way to get multiple rate quotes uses one form to return rates from multiple companies. It’s a real time-saver, eliminates form submissions, and makes online quotes a lot less work. As soon as the form is sent, it gets priced and you can select your choice of the quotes returned. If a lower price is quoted, it’s easy to complete the application and purchase the new policy. It takes less than 15 minutes and you’ll know if lower rates are available.

In order to fill out one form to compare multiple rates now, click here and enter your vehicle and coverage information. To compare your current rates, we recommend you replicate your coverages as close as possible to your current policy. This way, you will have an identical rate comparison for similar insurance coverage.

Lots of discounts mean lots of savings

Companies that sell car insurance don’t always advertise all their discounts in a way that’s easy to find, so we researched some of the best known and the more hidden ways to save on auto insurance. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

• Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off with select insurance companies.
• Good Student – A discount for being a good student can earn a discount of 20% or more. The good student discount can last well after school through age 25.
• Drive Less and Save – Fewer annual miles on your Toyota could qualify for better rates on cars that stay parked.
• Accident Forgiveness – A handful of insurance companies permit an accident before raising your premiums as long as you don’t have any claims for a set time period.
• Auto/Life Discount – Larger companies have better rates if you take out life insurance.
• Payment Method – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
• Bundle and Save – When you combine your home and auto insurance with one insurance company you may earn at least 10% off all policies.

It’s important to note that most of the big mark downs will not be given to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So when it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

Toyota Camry insurance rates are determined by these details

An important part of buying insurance is that you know the rating factors that help determine auto insurance rates. Having a good understanding of what determines base rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

Do you have enough liability coverage? – Liability coverage is the coverage that protects you if ever a jury decides you are liable for damages from an accident. Liability provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should carry high limits.

Having a spouse can save you money – Getting married can get you a discount on your auto insurance policy. It is viewed as being more mature and responsible and it’s statistically proven that married couples file fewer claims.

Safer cars are cheaper to insure – Vehicles with high crash test scores tend to have better insurance rates. These vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If your Toyota is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.

How many coverages with the same company – Many auto insurance companies will give a discount to people who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. If you currently are using one company, you may still want to compare rates to make sure you are getting the best deal.

Are you male or female? – Statistics show women are more cautious behind the wheel. However, this does not mean women are better drivers. Both sexes are in accidents at a similar rate, but the males have costlier accidents. They also have more aggressive citations like reckless driving and DUI. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive auto insurance rates.

Don’t be fooled by advertising claims

Drivers can’t get away from ads for cheaper car insurance by companies like State Farm and Allstate. They all seem to make the same claim of big savings after switching to them.

How can each company say the same thing? Here’s the trick they use.

Insurance companies have a certain “appetite” for the type of driver that is profitable for them. A good example of a desirable insured might be profiled as between 30 and 50, has no prior claims, and has excellent credit. Any new insured who matches those parameters is entitled to the best price and as a result will probably save when switching.

Consumers who fall outside the requirements will have to pay higher prices which leads to business not being written. Company advertisements say “people who switch” not “everybody who quotes” save money. That is how insurance companies can confidently state the savings. Because of the profiling, you absolutely need to get quotes from several different companies. You cannot predict which company will fit your personal profile best.

A little work can save a LOT of money

Lower priced Toyota Camry insurance is available on the web and with local insurance agents, and you need to price shop both so you have a total pricing picture. Independent agents are able to place your coverage with small mutal insurance companies that may not offer the ability to get a quote online.

Insureds change insurance companies for many reasons like poor customer service, delays in responding to claim requests, policy cancellation or high prices. Whatever your reason, switching auto insurance companies is less work than it seems.

As you restructure your insurance plan, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced liability limits or collision coverage to discover at claim time that they should have had better coverage. The aim is to purchase plenty of coverage at an affordable rate.