Who Has Cheap Insurance for a Toyota Camry in Texas?

Our editors keep telling us that when writing about car insurance, the word cheap should never be used anywhere in the article to describe car insurance prices. The fact is, cheap auto insurance for a Toyota Camry may be a thing of the past. But don’t let us ruin your dream, because we are going to show you some ways you can find and buy coverage that doesn’t cost an arm and a leg.

The likelihood of finding cheaper car insurance for a Toyota Camry in Texas depends upon a complex formula that considers things like your birth date, if you have prior claims, and driving violations and tickets. Drivers in Texas pay on average $1,180 each year to insure their Camry, but that policy rate is a ballpark figure using cost data for a 40-year-old married male driver that wants full physical damage coverage and $100 physical damage deductibles.

There is a very good chance that you’re not a 40-year-old male, you might be single instead of married, or maybe you want more liability coverage than is required by law in Texas. Making minor changes in rating factors or requested coverage amount can cause big differences in policy price.

Auto insurance is not “one size fits all”, so the most reliable method for finding the cheapest coverage for your Toyota is to make a habit of comparing rates at every renewal.

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The specific trim level tends to impact the coverage cost, so the rate you pay to insure a Camry LE trim level will cost $204 less than the cost to insure the more well-appointed Camry Hybrid version, as shown by the rates below.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rates do not factor in specific Texas garaging location which can raise or lower coverage rates substantially.

Buying cheap insurance is easier said than done, and deciding which companies quote the lowest-priced auto insurance rates for a Toyota Camry calls for even more perseverance. Every insurance provider has a proprietary formula to set premium rates, so we’ll go over the auto insurance companies with the overall cheapest rates in Texas.

It’s important that you understand Texas auto insurance rates are determined by lots of factors that may substantially change the price you pay. Improving your credit rating, buying a different vehicle, or getting a reckless driving citation can cause premium changes that can make some companies less affordable than competitors.

Best Auto Insurance Prices for Your Camry

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google.charts.setOnLoadCallback(drawTXT5qcibChart);function drawTXT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Travelers’, 1010, ‘#33CF8F’], [‘USAA’, 1117, ‘#2AAC77’], [‘Texas Farm Bureau’, 1235, ‘#238F63’], [‘Germania Mutual’, 1294, ‘#1D7752’], [‘Esurance’, 1379, ‘#186344’]]);var options = {title: ‘Top Five Cheapest Auto Insurance Companies in Texas’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1479,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Travelers has some of the most affordable car insurance rates in Texas at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the cheaper Texas car insurance companies.

As illustrated above, if you currently have a policy with Texas Farm Bureau and switched to Travelers, you may see savings of around $225. Texas drivers with Germania Mutual may save as much as $284 a year, and Esurance policyholders might see rate reductions of $369 a year.

Understand that those policy rates are averaged across all types of insureds and vehicles and and are not figured with a specific rate value for a Toyota Camry. So the auto insurance company that is most affordable for your situation may not even be in the above rate chart. That illustrates why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.

Discounts on cheap insurance for a Toyota Camry in Texas

Insurers that offer quotes for a Toyota Camry could also offer special discounts that could reduce prices by as much as 25% or more if you qualify. Larger auto insurance companies and a selection of discounts are detailed below.

• Farm Bureau may offer discounts for multi-vehicle, multi-policy, youthful driver, safe driver, and renewal discount.
• Liberty Mutual may have discounts that include preferred payment discount, new graduate, new vehicle discount, newly married, good student, and teen driver discount.
• State Farm offers discounts for accident-free, driver’s education, passive restraint, good student, and anti-theft.
• Auto-Owners Insurance offers discounts including multiple vehicles, air bags, paperless, safe vehicle, company car, anti-theft, and anti-lock brakes.
• GEICO offers premium reductions for membership and employees, five-year accident-free, anti-lock brakes, multi-policy, anti-theft, driver training, and military active duty.
• SAFECO discounts include multi-car, anti-lock brakes, safe driver, anti-theft, bundle discounts, teen safe driver, and homeowner.

The diagram below visualizes the comparison of annual premium costs with and without discounts being applied to the rates. The prices are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with multiple policy, multiple vehicle, marriage, defensive driving course, vehicle safety, and accident-free discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for a Toyota Camry is 28% or $563.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3001,2155],[‘Age 30’, 2049,1481],[‘Age 40’, 1909,1381],[‘Age 50’, 1669,1207],[‘Age 60’, 1613,1169],[‘Age 70’, 1891,1363]]);var options = {title: ‘Insurance Rate Comparison with Discounts 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 in Texas’,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);}

Low rates can quickly become overpriced

Texas auto insurance rates are based on many factors which can substantially change the policy price. Improving your credit score, buying a different vehicle, or getting caught speeding may cause policy rate changes that can cause some rates to be more affordable than the competition. In addition, car insurance companies change the rates they charge in Texas as often as every quarter to adjust for gains or losses. Heavier than normal losses may cause higher priced premiums, while less frequent claims may produce more affordable Camry insurance rates.

To help illustrate this point, the bar chart below shows the company with the cheapest car insurance in Texas for a 35-year-old female driver with a clear driving record, no claims, and great credit. If we look at prices based on her personal risk profile, Travelers offers the cheapest car insurance rates in Texas at $1,021 a year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the best Texas auto insurance companies.

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The chart below compares rates after we give the driver from the first example an at-fault accident, a lower credit rating, and a few blemishes on her driving record. Because each company has a proprietary method for setting rates, analyzing rates could now result in a different set of the cheapest car insurance companies in Texas as shown below.

google.charts.setOnLoadCallback(drawTXWcqcibChart);function drawTXWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘State Farm’, 1595, ‘#FF7100’],[‘Mercury’, 1673.1, ‘#D45E00’],[‘Nationwide’, 1691.8, ‘#B04E00’],[‘USAA’, 1752, ‘#924100’],[‘Safe Auto’, 1774.3, ‘#793600’]]);var options = {title: ‘Best Rates for Imperfect Drivers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1874.3,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

State Farm now has the best price in Texas with Mercury, Nationwide, USAA, and Safe Auto now being in the top five. This example shows why it is important to perform an extensive rate comparison when trying to get the most budget-friendly car insurance rates for a Toyota Camry.

Insurance rates can be altered by many factors and change substantially, so the best price the last time you checked may now be an over-priced policy.

How to find cheap insurance for a Toyota Camry in Texas

Lowering your rates is not difficult, and here are a few money-saving solutions that can help Texas drivers get lower-cost coverage.

• Bundle home and auto and save
• Do not pay for full coverage on older vehicles
• Increase physical damage deductibles
• Avoid filing small claims
• Maintaining good credit helps earn cheaper rates
• Drive vehicles with five-star safety ratings
• Shop your coverage around for the best deal

That last piece of advice is incredibly significant, as was affirmed in this article. Car insurance prices in Texas fluctuate constantly, so don’t be afraid to change to a new company if you find a better deal.

Many consumers stick with the same company and that’s fine, but it’s not recommended if that loyalty ends up costing lots of hard earned cash every month. In just a few minutes you could shop around to find cheaper car insurance for a Toyota Camry.