Cheapest Insurance for a Toyota Camry in Alaska

When discussing car insurance, the words cheap or affordable shouldn’t be used anywhere to describe car insurance rates. Despite the oxymoron, cheap auto insurance for a Toyota Camry can seem impossible to find. Don’t let that get you down, though, because we are going to show you how you can still find and buy coverage that you can afford to pay for.

The chances of finding the best cheap insurance for a Toyota Camry in Alaska depends on a complex calculation that is influenced by things like how old the vehicle is, if you have ever let your coverage lapse, and driving violations. Alaska drivers pay around $710 every 12 months to buy insurance for a Toyota Camry, but that figure is an estimation calculated based on a 40-year-old single male that purchased full coverage and $1,000 physical damage deductibles.

There is a high likelihood that you are not a 40-year-old male, maybe you are married instead of single, or maybe your Alaska zip code is rated higher than the example. Not every driver requires the same auto insurance coverages, so the only real way to find cheap insurance prices for your Toyota is to regularly compare rates at renewal.

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The specific trim level can impact the yearly cost, so the price to insure a Camry LE will be $120 less than the insurance cost for the fancier Camry Hybrid model, as shown in the table below.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price information does not factor in vehicle location which can raise or lower prices substantially.

Finding the highest-rated car insurance provider can be difficult considering how many companies are available to choose from in Alaska. The rank data shown next could help you choose which insurers you want to consider when trying to find the cheapest insurance for a Toyota Camry.

The rankings below are only made up of large insurance companies, so companies that only write business in Alaska or surrounding areas are not taken into consideration for these rankings. If you would like to check rates from these companies and more, click here.

Top 10 Large Auto Insurance Companies Overall in Alaska

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Progressive
9. Allstate
10. Liberty Mutual

Top Companies for Toyota Camry Insurance in Alaska

The illustration below demonstrates how deductible levels can change annual premium costs when trying to find cheap insurance for a Toyota Camry. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are factored in.

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In the chart above, a 40-year-old driver could reduce rates by $226 a year by switching from a $100 deductible up to a $500 deductible, or save $342 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could save as much as $758 or more by selecting a higher deductible. When raising deductibles, it is a good idea to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How much more does full coverage cost in Alaska?

Finding the cheapest insurance for a Toyota Camry in Alaska should be important to the majority of vehicle owners, and one of the easiest ways to lower the cost of insurance is to only buy liability insurance. The diagram below shows the comparison of premium costs with liability coverage only compared to full coverage. The costs are based on no accidents, no driving violations, $100 deductibles, single status, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3669,1095],[‘Age 30’, 1889,603],[‘Age 40’, 1879,559],[‘Age 50’, 1705,523],[‘Age 60’, 1649,515],[‘Age 70’, 2001,687]]);var options = {title: ‘Rate Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry in Alaska’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If the expense is averaged for all age categories, comp and collision coverage costs an additional $2,132 per year more than just buying liability only. That proposes the question if buying full coverage is a good investment. There is no set rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your vehicle’s replacement cost is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,500 after the policy deductible has been paid. If you are paying in excess of $550 annually to have full coverage, then you might want to consider buying only liability coverage.

Tips for buying cheaper insurance for a Toyota Camry

The list below details a few penny-pinching ideas that can help Alaska drivers buy cheap coverage.

• Increase your credit score
• Avoid getting tickets or violations
• Choose a safer vehicle and pay lower rates
• Prevent price hikes by avoiding at-fault accidents
• Higher deductibles mean lower rates
• Compare quotes from other companies often

That final tip is highly vital, as was affirmed in the prior article. Insurance prices in Alaska can be modified anytime, so don’t hesitate to buy from a different company if you can save money.

We understand brand loyalty, but it’s not recommended if that devotedness results in you overpaying hundreds of dollars year after year. It takes less than five minutes to compare rates to find cheaper insurance for a Toyota Camry.