Cheapest Insurance Quotes for a Toyota Camry in Michigan

The chances of finding affordable insurance for a Toyota Camry in Michigan is dependent upon an enormous amount of factors such as miles driven annually, whether or not you have prior claims, and driving violations and tickets. Drivers in Michigan on average will pay $1,950 a year for Camry insurance, but that is a ballpark figure using rate data for a 40-year-old married male driver who purchased full comprehensive and collision coverage and $250 policy deductibles.

There is a good possibility you are not a 40-year-old male, single instead of married, or maybe you are just looking for cheap liability insurance. Auto insurance is not the same for everyone, so the only way to find the cheapest coverage for your Toyota is to compare as many rates as you can.

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The specific model of Camry will likely have an effect on the insurance rate, so the price to insure a Camry LE trim level will be $334 cheaper than the cost to insure the more well-appointed Camry Hybrid trim level, as shown in the chart below.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Estimates do not factor in specific garaging location which can impact coverage rates significantly.

Finding affordable insurance is challenging, and deciding which companies have the best insurance rates for a Toyota Camry may require a little more work. Every auto insurer has a proprietary method to set premium rates, so we’ll go over the insurance companies that tend to have lower prices in Michigan.

It’s a good idea to be aware that Michigan insurance rates are impacted by many factors which can significantly increase or decrease the price of coverage. This price variation is why consumers need to shop around when trying to get the most economical insurance rates for a Toyota Camry. Rates are calculated by many different factors and can increase or decrease at any time, so the best option two years ago may now be quite expensive.

Cheap Insurance Rates for Your Camry

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USAA generally has some of the lowest car insurance rates in Michigan at around $978 a year. GEICO, Safeco, MetLife, and Chubb also make the cut as some of the cheaper Michigan car insurance companies.

As shown in the rates above, if you currently buy coverage from MetLife and switched to GEICO, you could earn an annual premium reduction of roughly $327. Customers with Chubb could save as much as $405 a year, and Pioneer State Mutual insureds might see rate reductions of $407 a year.

To get a quick, customized rate comparison, click here to start a quote or quote rates from the companies below.

These policy rates are averaged across all drivers and vehicles and and are not figured with a specific rate factor for a Toyota Camry. So the auto insurance company that fits you best may not even be included in the rate chart shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.

Safe drivers pay cheaper rates

A great way to get the cheapest insurance prices in Michigan for a Camry is to be a good driver and not receive tickets or have accidents. The illustration below highlights how traffic violations and fender-benders can drive up insurance costs for each age group. The premiums assume a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

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 One Accident’],[‘Age 20’, 6415,7917,9449],[‘Age 30’, 4407,5913,7443],[‘Age 40’, 4089,5593,7127],[‘Age 50’, 3573,5077,6607],[‘Age 60’, 3453,4957,6491],[‘Age 70’, 4041,5545,7079]]);var options = {title: ‘Impact of Tickets and Accidents on Michigan 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 Michigan’,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);}

In the previous example, the average cost of a car insurance policy in Michigan per year with no accidents and a clean driving record is $4,330. Get two speeding tickets and the average cost jumps to $5,834, an increase of $1,504 each year. Now add in one accident along with the two speeding tickets and the annual cost of insurance for a Toyota Camry increases to an average of $7,366. That’s an increase of $3,036, or $253 per month, just for not paying attention while driving!

Get discounts on Michigan auto insurance rates

Auto insurance companies that offer the cheapest insurance for a Toyota Camry in Michigan may also provide policy discounts that could reduce prices by as much as 35% if you meet the requirements. Popular insurance companies and their offered discounts include:

The illustration below illustrates the comparison of car insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no claims or driving violations, Michigan state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, passive restraint, multiple vehicle, accident-free, marriage, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for a Toyota Camry is 33% or $604.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 5751,4123],[‘Age 30’, 3911,2825],[‘Age 40’, 3643,2627],[‘Age 50’, 3181,2297],[‘Age 60’, 3075,2219],[‘Age 70’, 3619,2601]]);var options = {title: ‘Comparison of Insurance Rates for a Toyota Camry’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry’,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(‘qcibdisc’));chart.draw(data, options);}