When the topic is car insurance, the words “affordable” or “cheap” shouldn’t be used anywhere to describe car insurance rates. Nonetheless, cheap car insurance for a Toyota Camry may be a thing of the past. But fear not, because we are going to show you some ways you can quote and buy coverage that is more budget-friendly.
Buying affordable car insurance for a Toyota Camry in Maine hinges on factors such as the number of years you have been licensed, if you have recent claims, and driving citations. Drivers in Maine pay an average of $680 a year for Camry insurance, but that rate is a valuation using a 40-year-old single male driver who requires comprehensive and collision coverage and $250 deductibles.
There is a good probability you are not 40 and maybe not even a male, you might be married instead of single, or maybe you have a violation on your driving record. Every policy is rated specifically for the driver, so the most reliable method for finding cheap auto insurance rates for your Toyota is to get into the habit of comparing rates once a year. Quotes are free and you can get prices from some of the most affordable companies in Maine.
The trim level of your Toyota will influence the insurance rate, so the price to insure a Camry LE trim level will be $118 cheaper than the cost to insure the more well-appointed Camry Hybrid model, as shown in the chart below.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Camry LE | $154 | $306 | $246 | $14 | $74 | $794 | $66 |
Camry SE | $154 | $360 | $246 | $14 | $74 | $848 | $71 |
Camry XLE | $154 | $360 | $246 | $14 | $74 | $848 | $71 |
Camry Hybrid | $174 | $360 | $278 | $16 | $84 | $912 | $76 |
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maine minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in vehicle garaging location which can impact price quotes greatly.
Locating cost effective auto insurance is tough enough, and finding out which company has the most affordable auto insurance rates for a Toyota Camry may require additional perseverance.
Every car insurance company has a unique formula to establish rates, so to begin we’ll rank the most budget-friendly auto insurance companies in Maine.
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Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $629 |
2 | Travelers | $630 |
3 | Countryway Insurance | $699 |
4 | Patriot | $710 |
5 | Vermont Mutual | $721 |
6 | The Hartford | $750 |
7 | MetLife | $802 |
8 | OneBeacon | $842 |
9 | Concord | $856 |
10 | MMG Insurance | $914 |
11 | Progressive | $967 |
12 | State Farm | $972 |
13 | Peerless | $982 |
14 | Liberty Mutual | $1,125 |
15 | GEICO | $1,205 |
16 | Allstate | $1,318 |
17 | Bristol West | $1,651 |
18 | Sentry | $2,022 |
19 | Hanover | $2,131 |
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USAA normally has some of the best car insurance rates in Maine at around $629 annually. Travelers, Countryway Insurance, Patriot, and Vermont Mutual also are some of the more affordable Maine insurance companies.
As shown in the rates above, if you currently buy coverage from Patriot and switched to USAA, you may see yearly savings of around $81. Policyholders with Vermont Mutual might save as much as $92 a year, and The Hartford policyholders might see rate reductions of $121 a year.
If you would like to find cheap insurance for a Toyota Camry in Maine, click here to get a free quote or visit several of the following companies.
It’s important to note that these estimates are averaged across all drivers and vehicles in Maine and do not take into consideration a specific rate value for a Toyota Camry. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own personal information and vehicle type.
Car insurance companies that sell cheap insurance for a Toyota Camry in Maine may have discounts that may potentially lower prices by as much as 25% or more if you meet eligibility requirements. Companies and a selection of discounts are outlined below.
Discount | Progressive | Allstate | State Farm | Geico | Nationwide |
---|---|---|---|---|---|
Multi-policy | Yes | Yes | Yes | Yes | Yes |
Multi-vehicle | Yes | No | Yes | Yes | Yes |
Anti-theft | Yes | Yes | Yes | Yes | Yes |
Anti-lock brakes | No | Yes | Yes | Yes | No |
Air bags | No | Yes | Yes | Yes | Yes |
Daytime running lights | No | No | Yes | Yes | No |
New car | No | Yes | Yes | No | Yes |
Hybrid vehicle | No | Yes | No | No | No |
Accident-free | Yes | Yes | Yes | Yes | Yes |
Defensive driver training | Yes | Yes | Yes | Yes | Yes |
Low miles | Yes | Yes | Yes | No | Yes |
Armed forces | Yes | No | Yes | Yes | No |
Employment | No | No | No | Yes | Yes |
Pay in full | Yes | Yes | No | Yes | Yes |
Automatic payment | Yes | Yes | No | Yes | Yes |
Loyalty | Yes | No | Yes | No | Yes |
Sign early | No | Yes | No | No | Yes |
Good student | Yes | Yes | Yes | Yes | Yes |
Distant student | Yes | Yes | Yes | No | Yes |
Own home | Yes | No | No | No | No |
Seat belt usage | No | No | No | Yes | No |
Online quote | Yes | No | No | No | No |
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The example below shows the difference between insurance costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no violations or claims, Maine state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with vehicle safety, multiple vehicle, defensive driving course, claim-free, passive restraint, and marriage discounts applied. When discounts are applied, the average amount saved each year on auto insurance for a Toyota Camry is % or $.
google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 1713,1235],[‘Age 30’, 1171,851],[‘Age 40’, 1093,795],[‘Age 50’, 957,695],[‘Age 60’, 929,675],[‘Age 70’, 1085,785]]);var options = {title: ‘Comparison of Insurance Rates for a Toyota Camry’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry’,minValue: 0,format: ‘$###,###’},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);}
If you’re looking for the best insurance for a Camry in Maine, four of the larger companies to compare rates for are Allstate, Geico, State Farm, and Progressive. When added together, they make up about half of all auto insurance written. Each company has a unique set of features, discounts, and options that shoppers can select from. The data below shows some of the different features .
Allstate | Geico | State Farm | Progressive | |
---|---|---|---|---|
Discounts Offered | 1st | 2nd | 3rd | 4th |
Claims Handling | 1st | 3rd | 2nd | 4th |
Policy Cost | 4th | 1st | 2nd | 3rd |
Customer Satisfaction | 2nd | 1st | 4th | 3rd |
Market share percentage | 10% | 11.4% | 18.3% | 8.8% |
Customers who recommend | 86% | 87% | 88% | 88% |
A.M. Best financial rating | A+ | A++ | A++ | A+ |
Coverage for Uber and Lyft drivers | Yes | Yes | Yes | Yes |
New car replacement insurance | Yes | No | No | No |
Breakdown insurance | No | Yes | No | Yes |
Usage-based rating | Yes | No | Yes | Yes |
Roadside service | Yes | Yes | Yes | Yes |
Accident forgiveness | Yes | Yes | No | Yes |
Offered in Maine | Yes | Yes | Yes | Yes |
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