Cheap Insurance Quotes for a Toyota Camry in Tennessee

Our editors keep telling us that when writing about auto insurance, the words “affordable” or “cheap” should not appear anywhere in the article to describe car insurance rates. Sad but true, cheap auto insurance for a Toyota Camry is almost non-existent. Don’t let that ruin your day, because we will tell you how you can still find insurance that may not be cheap, but it is affordable.

Whether or not you can find cheap car insurance for a Toyota Camry in Tennessee relies on a complicated rating formula that uses factors like the number of years you have been driving, your claims history, and your choice of physical damage deductibles. Tennessee drivers pay approximately $880 per year for Camry insurance, but that rate is an estimate rating a 50-year-old single male who purchased full physical damage coverage and $250 policy deductibles.

When projecting a rate like this, the problem is that you are not exactly 50 years old and possibly not even male, married instead of single, and maybe your Camry just needs liability-only coverage. Different coverage needs are the reason why your best chance at finding the cheapest rates for your Toyota is to take your time and compare rates from as many companies as possible.

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The specific trim level can impact the cost of coverage, so the price you will pay to insure a Camry LE will be $148 lower than the insurance cost for the higher-end Camry Hybrid trim level, as shown in the table below.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in vehicle garaging location which can raise or lower premiums considerably.

Selecting the top insurance provider can be challenging considering how many companies there are to choose from in Tennessee. The company rank data displayed below could help you analyze which auto insurance companies to look at putting your business with. These ratings are only made up of the largest companies in America, so companies with more of a regional focus are not taken into consideration for the list.

Price comparison of only insuring for liability

Finding cheap insurance for a Toyota Camry in Tennessee is probably important to most vehicle owners, and one good way to save on the cost of insurance is to not buy full coverage. The diagram below illustrates the difference between insurance rates with liability coverage only compared to full coverage. The data assumes no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

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Averaged out for all age groups, comp and collision coverage costs $1,515 per year over having just liability coverage. That is a large expense which might make you wonder if it’s a good idea to buy full coverage. There is no exact rule to stop paying for comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

Car insurance rates are higher with tickets and accidents

The common sense way to earn cheap insurance for a Toyota Camry in Tennessee is to be a careful driver and avoid accidents and traffic citations. The information below shows how traffic citations and accident claims can influence insurance rates for each age group. The prices are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2051,2503,4399],[‘Age 30’, 1379,1837,3731],[‘Age 40’, 1291,1749,3639],[‘Age 50’, 1131,1585,3479],[‘Age 60’, 1095,1549,3443],[‘Age 70’, 1295,1747,3645]]);var options = {title: ‘Impact of Violations and Accidents on Tennessee Toyota Camry Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry in Tennessee’,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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of car insurance in Tennessee per year with no accidents or violations is $1,374. Get two speeding tickets and the average cost swells to $1,828, an increase of $455 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Toyota Camry increases to an average of $3,723. That’s an increase of $2,349, or $196 per month, just for not driving carefully!

How to find economical insurance for a Toyota Camry

It’s not impossible to find cheaper rates, and here are some of the better thrifty ideas that can help you locate cheap car insurance.

• Assess whether full coverage is needed
• Keep your driving record clean
• Lower rates by purchasing a safer vehicle
• Avoid accidents
• Higher comprehensive and collision coverage deductibles will save money
• Improve your credit score
• Compare rates often to find the best deal

The last item on the list is extraordinarily important, as was noted in this piece. Coverage prices fluctuate constantly, so don’t hesitate to buy a policy from a new company if you can find a cheaper rate. Being loyal to a particular company is commendable, but it isn’t a good idea if your bullheadedness ends up costing you lots of hard earned cash every month. Take a couple minutes and compare prices to find cheaper car insurance for a Toyota Camry.

State Farm, Allstate, Geico, or Progressive: Which is best?

When buying insurance for a Camry in Tennessee, probably the best companies to start with are State Farm, Allstate, Geico, and Progressive. Combined they make up nearly half of all policies written. All offer your standard physical damage and liability coverages, but each one has slightly different options that buyers can choose from. The following table compares ratings and policy coverage options offered by each company.