Who Has the Cheapest Insurance for a Toyota Camry in Illinois?

We always joke that when we write about car insurance, the words “affordable” or “cheap” really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Please forgive the oxymoron, but cheap auto insurance for a Toyota Camry is just plain contradictory. But don’t let that discourage you, because we can show you some ways you can quote and buy coverage that is cheaper than what you are paying now.

Your odds of finding the cheapest insurance for a Toyota Camry in Illinois relies on a complicated rating formula that uses factors such as how experienced of a driver you are, if you have maintained coverage continuously, and any prior driving offenses. Illinois drivers pay on average $530 annually to insure a Camry, but that policy rate is an approximation based on a 50-year-old married male who requires full coverage and $1,000 deductibles.

There is a high probability that you are not 50 and possibly not even male, possibly single instead of married, and you might want liability-only or different deductibles. There is no one cookie-cutter policy that works for everyone, so the best way to quote the cheapest rates for your Toyota is to put in the effort to do a thorough rate comparison.

Insure Your Toyota for Less

The trim level of your vehicle will have an impact the cost of insurance, so the price you will pay to insure a Camry LE will be $88 cheaper than the cost to insure the higher-priced Camry Hybrid trim level, as shown in the prices below.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in specific zip code location which can alter premiums substantially.

Finding out which companies quote the best auto insurance rates for a Toyota Camry involves a tad more effort than just quoting one company’s rates. Each auto insurer uses their own formula to determine premium rates, so we need to take a look at the lowest cost auto insurance companies in Illinois.

It’s a good idea to know that Illinois auto insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. Simply having a birthday, filing a claim, or getting a reckless driving citation may prompt premium changes that may make certain companies much cheaper than others.

Find Cheaper Auto Insurance for Your Camry

Compare Rates and Save

The Hartford may have some of the best car insurance rates in Illinois at around $746 each year. Rockford Mutual, Titan, Cincinnati Insurance, and Erie also rank well as some of the more affordable Illinois auto insurance companies.

As shown in the rates above, if you currently buy coverage from Rockford Mutual and switched to The Hartford, you might achieve yearly savings of about $76. Drivers with Titan might save as much as $114 a year, and Cincinnati Insurance customers might lower prices by up to $151 a year.

To find out how your current rates compare, click here to start your custom quote or visit several of the following companies.

Be aware that those premiums are averaged across all types of insureds and vehicles and do not take into consideration a specific rate factor for a Toyota Camry. So the auto insurance company that has the cheapest price for you may not even be included in the rate chart shown above. That points out the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.

Difference between full coverage and liability only rates

Finding the cheapest insurance for a Toyota Camry in Illinois is important to the majority of vehicle owners, and a great way to find cheaper insurance is to not insure for full coverage. The chart below illustrates the difference between auto insurance rates with full phyical damage coverage and with liability coverage only. The data is based on no violations or accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2209,933],[‘Age 30’, 1165,515],[‘Age 40’, 1133,477],[‘Age 50’, 1037,447],[‘Age 60’, 1009,441],[‘Age 70’, 1255,587]]);var options = {title: ‘Full Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry in Illinois’,minValue: 0,format: ‘$###,###’},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);}

As an overall average, comp and collision coverage costs an extra $1,301 per year over having just liability coverage. A very common question is if paying for full coverage is a waste of money. There is no definitive guideline to delete physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

There are some cases where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not drop full coverage.

Which car insurance company is best?

If you’re looking for the best insurance for a Camry in Illinois, probably the best companies to start with are State Farm, Geico, Allstate, and Progressive. All of them have different options that may affect your buying decision. The following table ranks ratings for price and service, as well as some optional coverages that are available for customers.

Who has the cheapest Toyota Camry insurance quotes?

Thanks to the internet, there are a lot of ways to get cheap auto insurance quotes in Illinois, but the most preferred methods are using a captive (or exclusive) agency such as Liberty Mutual or State Farm, an independent insurance agent, or direct either online or via phone.

You can use whichever method you prefer, but buyers should know the differences in how they work.

Independent insurance agencies work with multiple companies and can get rate quotes from all of them. These types of agencies are appointed with more than one company and can get prices from more than one company, which can give you the best shot at cutting your rates. If a cheaper price is found, your agent can switch companies and you can remain with the same agent.

Exclusive agencies are only able to write with one insurance company, two examples are Liberty Mutual and Allstate agents. They generally cannot shop your coverage around, which does not give you the best rate comparison.

If you buy direct, you do not use an exlusive or independent agent and instead shop direct from companies such as Esurance or Geico. Shopping direct is good for consumers who do not have complex finances and have a decent understanding of what coverages they need.

What is the best method to find the cheapest insurance for a Toyota Camry in Illinois? The majority of auto insurance shoppers assume that buying direct saves the most money because there is no agent involved, but that generally is not the case. We could also assume that an independent agent is the best way since they can quote with many companies, but again, that’s not accurate. In the right set of circumstances, exclusive agencies have really good rates that are the cheapest in Illinois.

Because there are so many factors that make up auto insurance rates, the one way to ensure you are not overpaying is to get as many comparison quotes as possible. It’s recommended that drivers get quotes from all three to have the best rate selection. To see some of the cheapest online companies available, click here to view.